Summary of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2022 |
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| Accounting Policies [Abstract] |
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| Schedule of Other Receivables |
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As of |
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June 30, 2022 |
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December 31, 2021 |
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Payroll tax withholding and exercise proceeds receivable |
$ |
4 |
|
|
$ |
8,477 |
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Construction receivable |
|
7,643 |
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|
|
5,574 |
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Income tax receivable |
|
2,535 |
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|
|
4,935 |
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Insurance receivable |
|
2,653 |
|
|
|
2,594 |
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Other |
|
1,508 |
|
|
|
1,216 |
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Total other receivables |
$ |
14,343 |
|
|
$ |
22,796 |
|
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| Schedule of Inventory |
Inventory consisted of the following for the periods presented:
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As of |
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June 30, 2022 |
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December 31, 2021 |
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Chemical washing solutions |
$ |
7,248 |
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|
$ |
6,406 |
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Other |
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- |
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|
52 |
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Total inventory, gross |
|
7,248 |
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|
|
6,458 |
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Reserve for obsolescence |
|
(146 |
) |
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(124 |
) |
Total inventory, net |
$ |
7,102 |
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|
$ |
6,334 |
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| Schedule of Composition of Revenue |
The following table summarizes the composition of the Company’s net revenues for the periods presented:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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|
2022 |
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|
2021 |
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Recognized over time |
$ |
149,062 |
|
|
$ |
122,362 |
|
|
$ |
289,936 |
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|
$ |
230,630 |
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Recognized at a point in time |
|
75,822 |
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|
|
73,734 |
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|
|
153,830 |
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|
|
140,057 |
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Other revenue |
|
275 |
|
|
|
984 |
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|
812 |
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|
|
1,901 |
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Net revenues |
$ |
225,159 |
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|
$ |
197,080 |
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|
$ |
444,578 |
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$ |
372,588 |
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| Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net (Loss) Income Per Share |
Reconciliations of the numerators and denominators of the basic and diluted net income per share calculations for the periods presented are as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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|
2021 |
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Numerator: |
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Net income (loss) |
$ |
35,659 |
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|
$ |
(110,300 |
) |
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$ |
71,147 |
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$ |
(85,716 |
) |
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Denominator: |
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Weighted-average common shares outstanding - basic |
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302,666,291 |
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264,274,968 |
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301,803,664 |
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263,218,870 |
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Effect of potentially dilutive securities: |
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Stock options |
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23,912,934 |
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- |
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25,461,476 |
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- |
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Restricted stock units |
|
648,060 |
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- |
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|
939,513 |
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|
- |
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Employee stock purchase plan |
|
2,246 |
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- |
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|
1,123 |
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|
- |
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Weighted-average common shares outstanding - diluted |
|
327,229,531 |
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264,274,968 |
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328,205,776 |
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263,218,870 |
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Net income (loss) per share - basic |
$ |
0.12 |
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|
$ |
(0.42 |
) |
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$ |
0.24 |
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|
$ |
(0.33 |
) |
Net income (loss) per share - diluted |
$ |
0.11 |
|
|
$ |
(0.42 |
) |
|
$ |
0.22 |
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$ |
(0.33 |
) |
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| Schedule of Antidilutive Shares Excluded from Computation of Diluted (Loss) Net Income Per Share |
The following potentially dilutive shares were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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|
2021 |
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Stock options |
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2,139,197 |
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34,522,248 |
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2,090,169 |
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34,522,248 |
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Restricted stock units |
|
166,672 |
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|
1,632,188 |
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|
83,336 |
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|
1,632,188 |
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Employee stock purchase plan |
|
96,212 |
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|
- |
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48,106 |
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- |
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