Summary of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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| Accounting Policies [Abstract] |
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| Schedule of Other Receivables |
Other receivables consisted of the following for the periods presented:
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As of |
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June 30, 2023 |
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December 31, 2022 |
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Payroll tax withholding and exercise proceeds receivable |
$ |
1,043 |
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$ |
273 |
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Construction receivable |
|
7,377 |
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|
6,199 |
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Income tax receivable |
|
2,255 |
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|
4,387 |
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Insurance receivable |
|
2,651 |
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|
2,627 |
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Other |
|
8,396 |
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|
1,696 |
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Total other receivables |
$ |
21,722 |
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|
$ |
15,182 |
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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, 2023 |
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December 31, 2022 |
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Chemical washing solutions |
$ |
8,439 |
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$ |
9,357 |
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Reserve for obsolescence |
|
(166 |
) |
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(183 |
) |
Total inventory, net |
$ |
8,273 |
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$ |
9,174 |
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| Schedule of Composition of Revenue |
The following table summarizes the composition of our 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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2023 |
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2022 |
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2023 |
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2022 |
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Recognized over time |
$ |
164,733 |
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|
$ |
149,062 |
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|
$ |
321,624 |
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$ |
289,936 |
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Recognized at a point in time |
|
72,029 |
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|
75,822 |
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140,999 |
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|
153,830 |
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Other revenue |
|
132 |
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|
275 |
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|
231 |
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|
812 |
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Net revenues |
$ |
236,894 |
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|
$ |
225,159 |
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|
$ |
462,854 |
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|
$ |
444,578 |
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| Schedule of Reconciliations of Numerators and Denominators of Basic and Diluted Net 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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2023 |
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2022 |
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2023 |
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|
2022 |
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Numerator: |
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Net income |
$ |
27,132 |
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$ |
35,659 |
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$ |
48,268 |
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$ |
71,147 |
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Denominator: |
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Weighted-average common shares outstanding - basic |
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309,314,858 |
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302,666,291 |
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308,308,972 |
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301,803,664 |
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Effect of potentially dilutive securities: |
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Stock options |
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18,363,467 |
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23,912,934 |
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19,081,022 |
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25,461,476 |
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Restricted stock units |
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603,008 |
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648,060 |
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550,611 |
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|
939,513 |
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Employee stock purchase plan |
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2,020 |
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2,246 |
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10,794 |
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|
1,123 |
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Weighted-average common shares outstanding - diluted |
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328,283,353 |
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327,229,531 |
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327,951,399 |
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328,205,776 |
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Net income per share - basic |
$ |
0.09 |
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$ |
0.12 |
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$ |
0.16 |
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$ |
0.24 |
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Net income per share - diluted |
$ |
0.08 |
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$ |
0.11 |
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$ |
0.15 |
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$ |
0.22 |
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| Schedule of Antidilutive Shares Excluded from Computation of Diluted 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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2023 |
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2022 |
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2023 |
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2022 |
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Stock options |
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3,555,410 |
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2,139,197 |
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3,116,583 |
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2,090,169 |
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Restricted stock units |
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235,216 |
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166,672 |
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295,808 |
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|
83,336 |
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Employee stock purchase plan |
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88,163 |
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96,212 |
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45,891 |
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48,106 |
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