| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Trappsol HPB | 0.9 | 0.7 | 0.5 | 0.5 | 0.5 | 0.7 | | |
| Trappsol Fine Chemical | 0.5 | 0.7 | 0.3 | 0.3 | 0.2 | 0.1 | | |
| Aquaplex | 0.0 | 0.2 | | 0.1 | 0.1 | 0.0 | | |
| Trappsol Cyclo | 0.0 | 0.0 | | 0.1 | 0.2 | 0.3 | | |
| Other | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | |
| Total revenues [+] | 1.4 | 1.6 | 0.9 | 1.0 | 1.0 | 1.2 | 1.5 | 1.0 |
| Products | 1.4 | 1.6 | 0.9 | | | | 1.5 | 1.0 |
| Revenue growth [+] | -13.2% | 75.5% | -10.3% | -0.4% | -18.3% | -17.6% | 58.1% | -39.4% |
| Trappsol HPB | 26.4% | 27.8% | 9.6% | -0.6% | -31.9% | | | |
| Trappsol Fine Chemical | -29.9% | 116.6% | 24.1% | 13.7% | 78.6% | | | |
| Aquaplex | -97.0% | | | 28.3% | 557.7% | | | |
| Trappsol Cyclo | 128.0% | | | -37.8% | -51.3% | | | |
| Product and Service, Other | 22.2% | 13.3% | 37.0% | -36.4% | -71.9% | | | |
| Cost of goods sold [+] | 4.1 | 4.0 | 2.6 | 2.0 | 1.3 | 1.3 | 1.5 | 1.1 |
| Labor costs | 4.0 | 3.8 | 2.6 | 1.9 | 1.2 | 1.2 | 1.3 | 0.9 |
| Transportation costs | | | | | | | 0.0 | 0.0 |
| Maintenance and operations costs | | | | | | | 0.0 | 0.0 |
| Gross profit | -2.7 | -2.4 | -1.7 | -1.0 | -0.3 | -0.1 | 0.0 | -0.1 |
| Gross margin | -198.6% | -151.9% | -190.9% | -96.8% | -26.2% | -6.4% | -0.1% | -12.9% |
| Selling, general and administrative [+] | 3.4 | 2.5 | 1.0 | 1.4 | 1.2 | 1.3 | 1.2 | 0.8 |
| Sales and marketing | 1.0 | 1.1 | 0.5 | 0.8 | 0.4 | 0.4 | 0.6 | 0.3 |
| General and administrative | 2.4 | 1.5 | 0.5 | 0.6 | 0.8 | 0.9 | 0.6 | 0.5 |
| Other selling, general and administrative | 1.0 | 1.1 | 0.5 | 0.8 | 0.4 | 0.4 | 0.6 | 0.3 |
| Research and development | 9.0 | 9.2 | 6.1 | 4.9 | 2.7 | 2.3 | 1.9 | 0.7 |
| Other operating expenses | 0.4 | 0.2 | 0.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.5 |
| EBITDA [+] | -15.6 | -14.3 | -8.9 | -7.5 | -4.3 | -3.8 | -3.2 | -2.1 |
| EBITDA growth | 9.3% | 59.5% | 18.7% | 77.1% | 10.9% | 18.4% | 53.3% | 415.6% |
| EBITDA margin | -1134.1% | -900.1% | -990.6% | -748.5% | -420.8% | -310.0% | -215.6% | -222.4% |
| Depreciation and amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 |
| EBIT [+] | -15.6 | -14.3 | -9.0 | -7.5 | -4.3 | -3.8 | -3.3 | -2.3 |
| EBIT growth | 9.3% | 59.5% | 18.8% | 76.8% | 10.9% | 14.9% | 46.7% | 305.9% |
| EBIT margin | -1135.5% | -901.2% | -992.0% | -749.1% | -421.8% | -310.7% | -222.7% | -240.1% |
| Non-recurring items [+] | | | | | | 0.0 | 0.9 | 0.1 |
| Asset impairment | | | | | | | 0.8 | 0.1 |
| Loss (gain) on sale of assets | | | | | | 0.0 | 0.0 | 0.0 |
| Interest expense, net [+] | | | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest expense | | | | | | | 0.0 | 0.0 |
| Interest income | | | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other income (expense), net [+] | 0.2 | 0.0 | 0.0 | | | | | |
| Gain (loss) on debt retirement | 0.2 | | | | | | | |
| Other | 0.0 | 0.0 | | | | | | 0.0 |
| Pre-tax income | -15.5 | -14.3 | -8.9 | -7.5 | -4.3 | -3.8 | -4.2 | -2.4 |
| Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Net income | -15.5 | -14.3 | -8.9 | -7.5 | -4.3 | -3.8 | -4.2 | -2.6 |
| Net margin | -1123.1% | -900.9% | -989.8% | -747.9% | -420.7% | -309.7% | -281.0% | -268.4% |
| |
| Basic EPS [+] | ($1.83) | ($2.24) | ($5.59) | ($6.96) | ($0.05) | ($0.05) | ($0.07) | ($0.05) |
| Growth | -18.4% | -59.9% | -19.7% | 13277.3% | -2.2% | -20.2% | 46.9% | 287.1% |
| Diluted EPS [+] | ($1.83) | ($2.24) | ($5.59) | ($6.96) | ($0.05) | ($0.05) | ($0.07) | ($0.05) |
| Growth | -18.4% | -59.9% | -19.7% | 13277.3% | -2.2% | -20.2% | 46.9% | 287.1% |
| |
| Shares outstanding (basic) [+] | 8.4 | 6.4 | 1.6 | 1.1 | 81.8 | 72.0 | 63.4 | 56.2 |
| Growth | 32.5% | 298.3% | 47.8% | -98.7% | 13.5% | 13.7% | 12.7% | 11.2% |
| Shares outstanding (diluted) [+] | 8.4 | 6.4 | 1.6 | 1.1 | 81.8 | 72.0 | 63.4 | 56.2 |
| Growth | 32.5% | 298.3% | 47.8% | -98.7% | 13.5% | 13.7% | 12.7% | 11.2% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |