2018 Q4 Form 10-Q Financial Statement
#000114420418058739 Filed on November 09, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
Revenue | $480.0K | $1.709M | $819.0K |
YoY Change | 118.18% | 680.37% | 277.42% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $7.630M | $4.970M | $4.630M |
YoY Change | 145.34% | 129.03% | 75.38% |
% of Gross Profit | |||
Research & Development | $9.470M | $13.15M | $7.916M |
YoY Change | 65.97% | 301.28% | 36.29% |
% of Gross Profit | |||
Depreciation & Amortization | $1.390M | $505.0K | $290.0K |
YoY Change | 892.86% | 265.94% | 40.1% |
% of Gross Profit | |||
Operating Expenses | $9.470M | $13.15M | $7.916M |
YoY Change | 65.97% | 301.28% | 36.29% |
Operating Profit | -$18.01M | -$16.92M | -$12.56M |
YoY Change | 105.83% | 215.48% | 48.78% |
Interest Expense | $530.0K | $500.0K | $310.0K |
YoY Change | 76.67% | 2400.0% | 93.75% |
% of Operating Profit | |||
Other Income/Expense, Net | $497.0K | $314.0K | |
YoY Change | 2515.79% | 95.03% | |
Pretax Income | -$17.48M | -$16.42M | -$12.24M |
YoY Change | 106.86% | 207.49% | 47.83% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$17.48M | -$16.42M | -$12.24M |
YoY Change | 106.85% | 207.3% | 47.88% |
Net Earnings / Revenue | -3641.46% | -960.74% | -1494.87% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$360.6K | -$339.8K | -$258.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 47.94M shares | 47.94M shares | 47.31M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $85.00M | $112.2M | $119.8M |
YoY Change | -38.32% | 98.58% | 105.49% |
Cash & Equivalents | $18.75M | $33.60M | $49.99M |
Short-Term Investments | $66.20M | $78.60M | $69.90M |
Other Short-Term Assets | $3.800M | $2.000M | $1.900M |
YoY Change | 40.74% | 11.11% | 111.11% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $100.0K | $400.0K | $0.00 |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $88.85M | $114.6M | $121.8M |
YoY Change | -36.8% | 96.15% | 105.44% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.443M | $9.245M | $8.007M |
YoY Change | 587.26% | 1220.71% | 1043.86% |
Goodwill | $32.47M | $32.47M | $32.47M |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $600.0K | $600.0K | $600.0K |
YoY Change | 50.0% | 500.0% | 500.0% |
Total Long-Term Assets | $85.55M | $46.03M | $44.87M |
YoY Change | 124.1% | 23.39% | 20.11% |
TOTAL ASSETS | |||
Total Short-Term Assets | $88.85M | $114.6M | $121.8M |
Total Long-Term Assets | $85.55M | $46.03M | $44.87M |
Total Assets | $174.4M | $160.6M | $166.7M |
YoY Change | -2.44% | 67.79% | 72.46% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.122M | $10.33M | $5.783M |
YoY Change | 225.47% | 416.55% | 59.88% |
Accrued Expenses | $3.936M | ||
YoY Change | 668.75% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $20.35M | $10.33M | $5.783M |
YoY Change | 263.01% | 297.35% | 37.07% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $20.00M | $0.00 | $0.00 |
YoY Change | 545.16% | -100.0% | -100.0% |
Total Long-Term Liabilities | $20.00M | $0.00 | $0.00 |
YoY Change | 545.16% | -100.0% | -100.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $20.35M | $10.33M | $5.783M |
Total Long-Term Liabilities | $20.00M | $0.00 | $0.00 |
Total Liabilities | $40.35M | $10.33M | $5.783M |
YoY Change | 365.55% | 75.1% | -23.72% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$410.2M | -$392.7M | -$376.3M |
YoY Change | 14.01% | 8.76% | |
Common Stock | $544.2M | $543.0M | $537.2M |
YoY Change | 2.71% | 23.47% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $134.0M | $150.2M | $160.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $174.4M | $160.6M | $166.7M |
YoY Change | -2.44% | 67.79% | 72.46% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$17.48M | -$16.42M | -$12.24M |
YoY Change | 106.85% | 207.3% | 47.88% |
Depreciation, Depletion And Amortization | $1.390M | $505.0K | $290.0K |
YoY Change | 892.86% | 265.94% | 40.1% |
Cash From Operating Activities | -$16.97M | -$9.040M | -$9.020M |
YoY Change | 236.04% | 33.53% | 81.12% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$10.91M | -$1.660M | -$3.420M |
YoY Change | 1458.57% | 1975.0% | 34100.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $13.04M | -$8.780M | -$69.85M |
YoY Change | |||
Cash From Investing Activities | $2.120M | -$10.43M | -$73.28M |
YoY Change | -402.86% | 12937.5% | 732700.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 3.080M | 570.0K |
YoY Change | -100.0% | -39.13% | 533.33% |
NET CHANGE | |||
Cash From Operating Activities | -16.97M | -9.040M | -9.020M |
Cash From Investing Activities | 2.120M | -10.43M | -73.28M |
Cash From Financing Activities | 0.000 | 3.080M | 570.0K |
Net Change In Cash | -14.85M | -16.39M | -81.73M |
YoY Change | -118.22% | 815.64% | 1567.96% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$16.97M | -$9.040M | -$9.020M |
Capital Expenditures | -$10.91M | -$1.660M | -$3.420M |
Free Cash Flow | -$6.060M | -$7.380M | -$5.600M |
YoY Change | 39.31% | 10.31% | 12.68% |
Facts In Submission
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---|---|---|---|---|
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Document Type
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10-Q | ||
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Document Period End Date
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2018-09-30 | ||
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Document Fiscal Year Focus
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2018 | ||
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Document Fiscal Period Focus
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|
Q3 | ||
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Entity Registrant Name
EntityRegistrantName
|
ABEONA THERAPEUTICS INC. | ||
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Entity Central Index Key
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0000318306 | ||
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Current Fiscal Year End Date
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Finite Lived Intangible Assets Amortization Expense Year Two
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Finite Lived Intangible Assets Amortization Expense Year Four
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Finite Lived Intangible Assets Amortization Expense Year Five
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|
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Finite Lived Intangible Assets Amortization Expense After Year Five
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|
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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|
11.44 | |
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|
11.44 | USD |
us-gaap |
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
11.36 | ||
abeo |
Sharebased Compensation Arrangement By Sharebased Payment Award Option Grants In Period Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionGrantsInPeriodWeightedAverageGrantDateFairValue
|
11.36 | USD | |
CY2018Q3 | us-gaap |
Marketable Securities Current
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Marketable Securities Current
MarketableSecuritiesCurrent
|
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Nonoperating Income Expense
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Nonoperating Income Expense
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19000 | USD |
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Net Income Loss
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CY2017Q3 | us-gaap |
Net Income Loss
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|
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Net Income Loss
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|
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Earnings Per Share Basic And Diluted
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|
-0.13 | |
us-gaap |
Earnings Per Share Basic And Diluted
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|
-0.47 | ||
CY2018Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
47794394 | shares |
CY2017Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40377890 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
47388833 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40301601 | shares | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-18869000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
969000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
595000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7072000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3527000 | USD | |
abeo |
Allocated Share Based Compensation Expense Restricted Stock
AllocatedShareBasedCompensationExpenseRestrictedStock
|
516000 | USD | |
abeo |
Allocated Share Based Compensation Expense Restricted Stock
AllocatedShareBasedCompensationExpenseRestrictedStock
|
979000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
245000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-13000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-760000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1607000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
7938000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1657000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-2612000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-452000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22144000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17609000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8580000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
156000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-87205000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-156000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2245000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
93000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5478000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5145000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-103871000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-12620000 | USD | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
138030000 | USD |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69142000 | USD |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
34159000 | USD |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
56522000 | USD |
CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
56522000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
9000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
7000 | USD | |
us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
0 | USD | |
us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
127000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
94991000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | USD | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
0 | USD | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
4000000 | USD | |
abeo |
Cash And Cash Equivalents Restricted Cash
CashAndCashEquivalentsRestrictedCash
|
34159000 | USD | |
abeo |
Cash And Cash Equivalents Restricted Cash
CashAndCashEquivalentsRestrictedCash
|
56522000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-40000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
11000 | USD | |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
78625000 | USD |
CY2018Q3 | abeo |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExercisePrice
|
14.45 | |
abeo |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExercisePrice
|
14.38 | ||
CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
47944486 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
46888108 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
170098000 | USD |
CY2018Q1 | us-gaap |
Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
|
3663000 | USD |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1900000 | USD |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
172000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1685000 | USD |
CY2018Q1 | abeo |
Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
|
144000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8463000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
169199000 | USD |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2673000 | USD |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
172000 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
481000 | USD |
CY2018Q2 | abeo |
Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
|
89000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11700000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
160914000 | USD |
CY2018Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2499000 | USD |
CY2018Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
172000 | USD |
CY2018Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
79000 | USD |
CY2018Q3 | abeo |
Stock Issued During Period Value Warrants Two Exercised
StockIssuedDuringPeriodValueWarrantsTwoExercised
|
3000000 | USD |
CY2017 | abeo |
Proceeds From Grant Received
ProceedsFromGrantReceived
|
2.4 | USD |
CY2018Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
800000 | USD |
CY2018Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
16366000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
0 | USD |