← Viant Technology Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $40.9m |
($31.2m)
-176.33%
|
($45.4m)
-45.42%
|
$9.9m
+121.87%
|
$20.6m
+107.96%
|
($7.7m)
-137.51%
|
($11.9m)
-53.87%
|
($3.4m)
+71.10%
|
$2.4m
+168.60%
|
$8.4m
+253.60%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $40.9m |
($31.2m)
-176.33%
|
($45.4m)
-45.42%
|
$9.9m
+121.87%
|
$6.3m
-36.97%
|
($7.7m)
-223.77%
|
($11.9m)
-53.87%
|
($9.9m)
+16.54%
|
$12.5m
+225.23%
|
$8.4m
-32.93%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $20.6m | ($37.6m) | ($48.1m) | ($9.9m) | $12.5m | $24.1m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | ($29.9m) | ($36.2m) | ($6.5m) | $10.1m | $15.7m | — | |
| Depreciation, Depletion and Amortization | $955k | $857k | $1.1m | $10.2m | $10.1m | $11.1m | $13.1m | $14.7m | $16.5m | $18.7m | $19.9m | |
| Amortization of Intangible Assets | — | — | — | — | $1.2m | $1.2m | $1.1m | $466k | $183k | $699k | — | |
| Depreciation | $955k | $857k | $1.1m | $10.2m | $8.9m | $9.9m | $12.0m | $14.3m | $16.3m | $18.0m | $19.1m | |
| Amortization of offering cost of warrants | — | — | — | — | $0 | $12.6m | $0 | $1.5m | $0 | — | — | |
| Amortization of right of use assets | — | — | $0 | $0 | $1.4m | $1.9m | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | ($1.2m) | $0 | $0 | $0 | $0 | ($426k) | ($624k) | $0 | $0 | ($14.7m) | ($15.2m) | |
| Deferred taxes | $1.7m | $0 | $0 | — | — | — | — | $0 | $0 | ($14.7m) | — | |
| Deferred tax benefit | ($1.2m) | $0 | $0 | $0 | $0 | ($426k) | ($624k) | $0 | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | $68.8m | $28.9m | $32.3m | $21.0m | $24.8m | $25.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $15.0m | $2.0m | $4.2m | $10.7m | $3.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $68.8m | $28.9m | $32.3m | $21.0m | $24.8m | $25.8m | |
| Stock-based compensation | $2.1m | $2.0m | $840k | $1.1m | $0 | $68.8m | $28.9m | $32.3m | $21.0m | $24.8m | $25.8m | |
| Stock-based compensation included in capitalized software development costs | — | — | — | — | $0 | $11.0m | $4.4m | $5.4m | $2.3m | $3.4m | $25.8m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment loss on goodwill and intangible assets | — | — | — | — | $0 | $0 | $2.3m | $10.0m | $0 | $0 | — | |
| Impairment loss of investment in unconsolidated entity | $0 | $0 | $4.0m | $0 | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | ($1.1m) | $5.2m | $1.2m | $8.5m | $9.2m | ($1.9m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | ($91k) | ($60k) | ($310k) | ($90k) | ($12k) | ($1k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | $21.1m | $20.9m | ($7.8m) | $16.1m | $30.2m | $30.8m | ($15.4m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | ($584k) | ($107k) | $1.3m | $100k | $1.4m | $622k | ($15.4m) | |
| Accounts receivable | $14.7m | ($245k) | $12.0m | ($20.2m) | ($21.1m) | ($20.9m) | $7.8m | ($16.1m) | ($30.2m) | ($30.8m) | ($15.4m) | |
| Other receivables | ($1.8m) | $4.6m | ($1.7m) | ($929k) | ($287k) | ($338k) | $286k | ($1.3m) | $32k | ($531k) | — | |
| Other receivables-related parties | — | — | — | — | — | $0 | $0 | ($64k) | ($276k) | $208k | — | |
| Accounts receivable-related party | — | — | — | ($3.4m) | $0 | $3.4m | $0 | — | — | — | ($15.4m) | |
| Allowance (reversal) for slow moving inventories | $2.4m | $0 | $65k | $65k | $57k | $655k | $266k | $485k | $887k | ($1.3m) | — | |
| Inventories | $1.2m | $3.6m | ($5.0m) | ($1.2m) | ($1.1m) | ($2.5m) | ($689k) | ($2.4m) | $5.6m | $267k | — | |
| Inventories transferred to and used as fixed assets | $1.0m | $0 | $0 | $0 | $410k | $303k | $0 | ($65k) | $0 | — | — | |
| Increase (Decrease) in Accounts Payable | — | — | — | $2.7m | $9.0m | $3.4m | $4.2m | $10.0m | $23.8m | $12.2m | ($6.1m) | |
| Capitalized assets financed by accounts payable and accrued liabilities | — | — | — | — | $0 | $356k | $503k | $1.1m | $599k | $550k | — | |
| Other payables | $713k | ($189k) | ($180k) | ($862k) | ($14k) | $5.7m | ($6.3m) | $2.3m | ($3.0m) | $3.4m | — | |
| Other payables-related parties | — | — | — | ($921k) | $2.2m | ($2.6m) | $969k | $352k | ($293k) | $628k | — | |
| Trade accounts payable | ($9.6m) | $812k | ($2.7m) | ($400k) | $8.2m | ($2.1m) | ($5.5m) | — | — | — | — | |
| Purchases of property and equipment, accrued but unpaid | $181k | $638k | $1.5m | $355k | $434k | $441k | $758k | $1.2m | $2.5m | $926k | ($18.5m) | |
| Accrued liabilities | — | — | $0 | $15.8m | $1.7m | $9.7m | $860k | $4.2m | $7.9m | $3.6m | $9.1m | |
| Accrued compensation | — | — | — | ($1.1m) | $1.3m | $2.3m | ($3.1m) | $1.4m | $939k | $1.6m | — | |
| Deferred revenue | ($1.9m) | $853k | ($1.2m) | ($4.6m) | ($1.7m) | ($1.8m) | ($6.4m) | $193k | $161k | $2k | — | |
| Accrued member tax distributions | — | — | — | $1.7m | $6.9m | $5k | $0 | $4.5m | $5.4m | $293k | — | |
| Accrued interest income from loans to third parties | — | — | — | — | $0 | $0 | ($271k) | ($8.0m) | ($7.0m) | ($5.3m) | — | |
| Accrued interest income from short-term investment | — | — | — | — | — | $0 | $0 | ($2.9m) | ($885k) | ($17k) | — | |
| Accrued payroll and employees' welfare | $134k | $1.6m | $141k | $784k | $533k | ($1.6m) | $296k | $132k | $855k | ($25k) | — | |
| Prepaid expenses and other assets | — | — | — | ($467k) | ($252k) | ($750k) | ($3.6m) | ($87k) | ($3.9m) | $2.9m | — | |
| Other liabilities | — | — | — | ($953k) | ($355k) | $290k | ($329k) | $704k | $1.8m | ($1.1m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($286k) |
($7.4m)
-2483.91%
|
($19.6m)
-165.12%
|
$13.0m
+166.60%
|
$18.9m
+44.82%
|
$28.7m
+51.87%
|
($3.5m)
-112.31%
|
$37.8m
+1169.46%
|
$51.8m
+37.12%
|
$52.6m
+1.62%
|
$60.0m
+14.02%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($181k) | ($638k) | ($1.5m) | $355k | $434k | $441k | $758k | $1.2m | $2.5m | $926k | ($18.5m) | |
| Loss (gain) from disposal of property and equipment | ($41k) | ($36k) | ($78k) | $0 | ($89k) | $20k | $49k | ($13k) | $35k | $12k | — | |
| Proceeds from disposal of equipment | $60k | $52k | $32k | $0 | $900 | $0 | $0 | $32k | — | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | — | — | $3.5m | ($3.5m) | |
| Cash paid for investments | — | — | — | — | — | — | — | $0 | $0 | ($3.5m) | — | |
| Payments for short-term investments | — | — | — | — | — | $0 | $0 | ($290.1m) | ($203.5m) | ($3.6m) | — | |
| Redemption of short-term investments | — | — | — | — | — | $0 | $0 | $108.8m | $300.9m | $87.2m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | $549k | ($234k) | |
| Cash paid for acquisitions | — | — | — | $0 | $0 | $472k | $0 | $0 | ($10.0m) | ($549k) | — | |
| Net cash (used in) provided by investing activities | ($121k) | $12.5m | ($17.6m) | ($13.5m) | ($2.1m) | ($46.5m) | ($329k) | ($245.2m) | $3.0m | $33.7m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($121k) | ($86k) | ($17.6m) | ($7.8m) | ($7.8m) | ($7.4m) | ($8.8m) | ($13.5m) | ($27.7m) | ($22.3m) | ($22.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $6.1m | $0 | $0 | — | — | — | |
| Repayments of short-term borrowings | $0 | ($1.3m) | ($4.9m) | $0 | ($1.0m) | ($3.4m) | ($530k) | $0 | $0 | — | — | |
| Proceeds from short-term borrowings-related parties | — | — | — | $5.0m | $17.4m | $18.4m | $11.1m | $15.0m | $10.0m | — | — | |
| Repayments of short-term borrowings-related parties | — | — | — | ($5.0m) | ($16.2m) | ($15.9m) | ($14.8m) | ($9.0m) | ($10.0m) | — | — | |
| Repayments of long-term borrowings-related party | $0 | $0 | ($372k) | ($684k) | ($748k) | ($817k) | ($893k) | ($1.5m) | $0 | — | — | |
| Proceeds from short-term borrowings | $530k | $1.1m | $4.6m | $1.1m | $200k | $3.7m | $0 | — | — | — | — | |
| Proceeds from long-term borrowings-related party | $0 | $0 | $10.0m | $0 | — | $0 | $0 | — | — | — | — | |
| AR and short-term borrowings-related parties offset | $200k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Repayment of short-term borrowings | $0 | ($1.3m) | — | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | $0 | $0 | $232.5m | $0 | $0 | — | — | — | |
| Proceeds from warrants issued with common stock | — | — | — | $0 | $0 | $212.1m | $0 | $17.5m | — | — | — | |
| Issuance of common stock in exchange of shares of FGS, net of issuance costs | — | $0 | $0 | $21.4m | $0 | $1.7m | $0 | — | — | — | — | |
| Cancellation of common stock issued prior years in exchange of shares of FGS , net of issuance costs | — | — | — | $0 | $0 | ($1.7m) | $0 | — | — | — | — | |
| Issuance of common stock in exchange of shares of Starry, net of issuance costs | — | — | — | $0 | $0 | $27.7m | $0 | — | — | — | — | |
| Issuance of unvested common stock to senior managers | $0 | $56k | $0 | — | — | — | — | — | — | — | — | |
| Issuance of common stock to redeem warrants | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Dividends paid | — | — | — | — | $5.0m | — | $0 | — | — | — | $0 | |
| Net cash (used in) provided by financing activities | ($10.2m) |
($3.1m)
+69.78%
|
$76.9m
+2598.85%
|
$3.5m
-95.39%
|
$33.2m
+837.11%
|
$394.0m
+1085.46%
|
($10.0m)
-102.54%
|
$56.4m
+663.87%
|
$45.0m
-20.15%
|
($3.3m)
-107.27%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | ($10.2m) |
($3.1m)
+69.78%
|
$76.9m
+2598.85%
|
($3.1m)
-103.98%
|
($6.2m)
-103.20%
|
$207.6m
+3436.95%
|
($19.6m)
-109.42%
|
($14.4m)
+26.39%
|
($35.4m)
-146.22%
|
($44.2m)
-24.64%
|
($25.9m)
+41.26%
|
|
| Net increase (decrease) in cash and cash equivalents | ($10.5m) | $2.0m | $41.5m | $2.2m | $4.8m | $228.9m | ($31.9m) | $9.9m | ($11.4m) | ($13.9m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $4.8m | $228.9m | ($31.9m) | $9.9m | ($11.4m) | ($13.9m) | $185.7m | |
| Cash and cash equivalents at beginning of period | — | — | — | $4.8m | $9.6m | $238.5m | $206.6m | $216.5m | $205.0m | $191.2m | — | |
| Cash and restricted cash at beginning of year | $12.3m | $1.8m | $45.3m | $45.3m | $4.5m | $30.3m | $344.0m | $317.7m | $104.9m | $110.8m | — | |
| Effect of exchange rate fluctuation on cash and restricted cash | $63k | ($16k) | $1.8m | $1.4m | ($84k) | $224k | $10.3m | $27.7m | $1.7m | ($8.6m) | — | |
| Restricted cash | — | — | — | — | $0 | $0 | $0 | $732k | $849k | $8k | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | — | — | — | $0 | $0 | $12k | $3.1m | $3.8m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $903k | $571k | $868k | $12k | $1.1m | $660k | $238k | $215k | $282k | $282k | — | |
| Income Taxes Paid, Net | $142k | $284k | ($23k) | $2k | $282k | ($98k) | $10k | $18k | $0 | $412k | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | ($61k) | ($188k) | ($588k) | ($115k) | ($25k) | ($94k) | — | |
| General and Administrative Expense | — | — | — | — | $17.6m | $46.9m | $44.5m | $45.3m | $51.1m | $50.2m | — | |
| Goodwill | — | — | — | — | $12.4m | $12.4m | $12.4m | $12.4m | $19.2m | $19.2m | — | |
| Income Tax Expense (Benefit) | $546k | $308k | — | — | $0 | — | $0 | $151k | $249k | ($14.0m) | — | |
| Provision for doubtful accounts | $14.5m | $1.8m | ($841k) | $613k | ($584k) | ($107k) | $1.3m | $100k | $1.4m | $622k | — | |
| Loss on disposal of assets | — | — | — | $13k | $61k | $188k | $588k | $115k | $25k | $94k | — | |
| Noncash lease expense | — | — | — | — | $0 | $0 | $2.9m | $4.0m | $4.0m | $4.2m | — | |
| TRA remeasurement expense | — | — | — | — | — | — | — | $0 | $0 | $10.9m | — | |
| Operating lease liabilities | — | — | $0 | $0 | $0 | $0 | ($1.6m) | ($3.8m) | ($4.1m) | ($4.5m) | — | |
| Capitalized software development costs | — | — | — | ($7.4m) | ($7.4m) | ($6.9m) | ($8.1m) | ($12.3m) | ($15.2m) | ($17.4m) | — | |
| Repurchase of stock related to tax withholdings on vested equity awards | — | — | — | — | $0 | ($15.0m) | ($2.0m) | ($4.2m) | ($10.7m) | ($3.2m) | — | |
| Repurchase of stock related to the stock repurchase program | — | — | — | — | — | — | $0 | $0 | ($21.6m) | ($38.1m) | — | |
| Payment of member tax distributions | — | — | — | — | ($5.5m) | ($7.3m) | ($15k) | ($10.2m) | ($6.0m) | ($6.6m) | — | |
| Proceeds from the exercise of stock options | — | — | — | — | — | $0 | $0 | $12k | $3.1m | $3.8m | — | |
| Payment of offering costs | — | — | — | — | ($1.7m) | ($2.6m) | $0 | $0 | ($326k) | $0 | — | |
| Operating lease assets obtained in exchange for operating lease liabilities including adjustments | — | — | $0 | $0 | $0 | $0 | $8.3m | $505k | $4.7m | $233k | — | |
| (Gain) loss in fair value changes of warrants liability | $0 | $0 | — | — | $0 | ($35.4m) | ($174.5m) | ($6.1m) | $934k | ($6k) | — | |
| Restricted shares issued for management and employees | — | — | ($15.5m) | $21.3m | $7.9m | $6.1m | $39.3m | $26.2m | $22.4m | $10.3m | — | |
| Restricted shares issued for services | $2.3m | $8.4m | $3.1m | $846k | $34k | $0 | $8.9m | $5.8m | $1.1m | — | — | |
| Notes receivable | ($455k) | ($1.5m) | $2.1m | $922k | ($1.1m) | ($2.1m) | ($4.5m) | $7.1m | $2.4m | $1.3m | — | |
| Purchase advances | $4.9m | ($10.5m) | ($297k) | $5.8m | $1.2m | ($899k) | $865k | ($2.6m) | ($2.4m) | ($5.1m) | — | |
| Contract costs | — | — | ($127k) | $7.6m | ($26.9m) | ($21.9m) | $15.4m | ($14.2m) | ($4.4m) | ($364k) | — | |
| Prepaid expense | $716k | ($718k) | $319k | $317k | ($5k) | $143k | ($274k) | $70k | ($51k) | $12k | — | |
| Prepaid expense - related parties | — | — | — | ($218k) | $218k | ($433k) | $158k | $275k | $0 | — | — | |
| Contract liabilities | — | — | — | — | $3.4m | $4.2m | ($5.6m) | $641k | ($928k) | $2.9m | — | |
| Taxes payable | $790k | ($79k) | ($269k) | $1.7m | ($1.1m) | $76k | $962k | ($1.0m) | ($172k) | ($198k) | — | |
| Purchase of land use right | — | — | — | — | — | — | $0 | $0 | ($15.0m) | — | — | |
| Repayments of loans to third parties | — | $14.2m | $435k | $1.0m | $11.2m | $5.2m | $171.4m | $40.1m | $117.5m | $100.5m | — | |
| Payments made for loans to third parties | — | ($1.1m) | ($2.0m) | ($4.0m) | ($9.5m) | ($51.6m) | ($171.1m) | ($103.1m) | ($196.4m) | ($140.5m) | — | |
| Payments and prepayments for construction in progress | $0 | $0 | ($9.2m) | ($4.6m) | ($3.8m) | $0 | $0 | $0 | ($219k) | ($8.9m) | — | |
| Proceeds from short-term bank loans | $500k | $0 | $45k | $2.5m | $9.5m | $16.0m | $10.0m | $13.5m | $11.6m | $10.5m | — | |
| Repayments of short-term bank loans | ($7.5m) | $0 | ($45k) | $0 | ($2.5m) | ($10.5m) | ($15.0m) | ($11.0m) | ($11.6m) | ($11.3m) | — | |
| Proceeds from warrants issued with ordinary shares | — | — | — | — | — | — | — | $17.5m | $0 | — | — | |
| Proceeds from sale of ordinary shares, net of issuance costs | $172k | $0 | $65.0m | $0 | $26.1m | $81.1m | $0 | $28.2m | $77.7m | ($2.5m) | — | |
| Proceeds from sale of prefunded warrants, net of issuance costs | — | — | — | $0 | $0 | $30.3m | $93k | $3.8m | $0 | — | — | |
| Redemption of warrants | — | — | — | — | — | — | $0 | $0 | ($32.6m) | $0 | — | |
| Capital contribution by controlling shareholders | — | — | — | — | — | — | — | $0 | $0 | $100k | — | |
| Cash | — | — | — | — | $4.5m | $30.3m | $344.0m | $104.1m | $110.0m | $98.9m | $60.0m | |
| Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement | — | — | — | — | — | $0 | $0 | $62k | $61k | $1.9m | — | |
| Payable for construction in progress | $0 | $0 | $3.1m | $5.7m | $733k | $0 | — | $0 | $0 | $7.3m | — | |
| Capital contribution receivable due from non-controlling Interest | — | — | — | $0 | $0 | $50.0m | $0 | $0 | $0 | $724k | — | |
| Income from investment in unconsolidated entity | — | $0 | $0 | $960k | ($463k) | $267k | ($15k) | $0 | $0 | — | — | |
| Cancellation of shares issued to Starry Lab | — | — | — | — | $0 | $0 | ($27.7m) | $0 | — | — | — | |
| Other payable due to non-controlling interest converted into capital contribution | — | — | — | — | $0 | $0 | $1.1m | $0 | — | — | — | |
| Remeasurement gain of previously held equity interests in connection with step acquisition | — | — | — | $0 | $0 | ($979k) | $0 | — | — | — | — | |
| Interest expenses related to convertible notes | — | — | — | $0 | $0 | $430k | $0 | — | — | — | — | |
| Proceeds from stock issuance for warrants exercised | — | — | — | $0 | $0 | $21.1m | $0 | — | — | — | — | |
| Proceeds from issuance of convertible notes | — | — | — | $0 | $0 | $42.0m | $0 | — | — | — | — | |
| Capital contribution by non-controlling shareholders | $0 | $0 | $3.7m | $850k | $405k | $50k | $0 | $0 | — | — | — | |
| Conversion of convertible notes to 9,225,338 shares of ordinary shares | — | — | — | $0 | $0 | $42.4m | $0 | — | — | — | — | |
| Payable for issuance cost of common share | — | — | $0 | $0 | $375k | $0 | — | — | — | — | — | |
| Advance from customers | — | — | $28k | ($38k) | $3.4m | $4.2m | — | — | — | — | — | |
| Investment in unconsolidated entity | $0 | $0 | ($4.0m) | ($4.2m) | $0 | — | — | — | — | — | — | |
| Refund of capital contribution by a non-controlling shareholder | — | $0 | $0 | ($200k) | $0 | — | — | — | — | — | — | |
| Investment payable in exchange of interest of FGS | — | $0 | $0 | $6.4m | $0 | — | — | — | — | — | — | |
| Reversal of interest expense | — | — | $0 | $0 | ($81k) | — | — | — | — | — | — | |
| Payments for land use right | $0 | $0 | ($1.4m) | $0 | — | — | — | — | — | — | — | |
| Shares issued to settle salary payable | $0 | $0 | $1.6m | $0 | — | — | — | — | — | — | — | |
| Restricted shares issued for management | $3.6m | $12.9m | $14.6m | $11.6m | — | — | — | — | — | — | — | |
| Loss from warrants redemption | $0 | $0 | — | — | — | — | — | — | — | — | — |