2022 Q4 Form 10-Q Financial Statement
#000149315222031655 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $68.00K | ||
YoY Change | -97.73% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $5.682M | $3.890M | $6.092M |
YoY Change | 21.46% | -36.15% | 37.52% |
% of Gross Profit | |||
Research & Development | $6.272M | $5.490M | $7.978M |
YoY Change | -46.4% | -31.19% | 0.1% |
% of Gross Profit | |||
Depreciation & Amortization | $729.0K | $780.0K | $802.0K |
YoY Change | -9.67% | -2.74% | -5.65% |
% of Gross Profit | |||
Operating Expenses | $12.05M | $9.380M | $14.87M |
YoY Change | -29.86% | -36.93% | 12.24% |
Operating Profit | -$9.380M | -$14.87M | |
YoY Change | -36.93% | ||
Interest Expense | $150.0K | $157.0K | -$673.0K |
YoY Change | -583.87% | -123.33% | -32.02% |
% of Operating Profit | |||
Other Income/Expense, Net | $11.66M | -$19.00K | |
YoY Change | |||
Pretax Income | -$1.126M | -$9.484M | -$7.044M |
YoY Change | -97.59% | 34.64% | -2.71% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.126M | -$9.484M | -$7.044M |
YoY Change | -97.59% | 34.64% | -2.71% |
Net Earnings / Revenue | -1655.88% | ||
Basic Earnings Per Share | -$1.48 | -$1.80 | |
Diluted Earnings Per Share | -$0.08 | -$1.477M | -$1.797M |
COMMON SHARES | |||
Basic Shares Outstanding | 17.18M shares | 5.950M shares | 3.924M shares |
Diluted Shares Outstanding | 6.421M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $52.15M | $18.17M | $67.00M |
YoY Change | 15.82% | -72.88% | -30.86% |
Cash & Equivalents | $14.22M | $5.733M | $43.78M |
Short-Term Investments | $37.93M | $12.43M | $23.22M |
Other Short-Term Assets | $762.0K | $6.283M | $907.0K |
YoY Change | -89.67% | 592.72% | 29.57% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $188.0K | $1.047M | |
Total Short-Term Assets | $53.10M | $25.50M | $67.91M |
YoY Change | -5.67% | -62.45% | -35.08% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.741M | $6.606M | $16.08M |
YoY Change | -53.47% | -58.91% | -17.13% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $43.00K | $20.00K | $1.159M |
YoY Change | -74.4% | -98.27% | 5.36% |
Total Long-Term Assets | $11.12M | $13.26M | $51.11M |
YoY Change | -52.28% | -74.05% | -6.73% |
TOTAL ASSETS | |||
Total Short-Term Assets | $53.10M | $25.50M | $67.91M |
Total Long-Term Assets | $11.12M | $13.26M | $51.11M |
Total Assets | $64.21M | $38.76M | $119.0M |
YoY Change | -19.31% | -67.43% | -25.33% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.811M | $1.748M | $1.861M |
YoY Change | -58.13% | -6.07% | 43.15% |
Accrued Expenses | $3.991M | $4.121M | $4.316M |
YoY Change | -28.54% | -4.52% | -18.57% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $7.779M | $12.60M | $26.47M |
YoY Change | -53.2% | -52.4% | -31.59% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $200.0K | $12.80M | |
YoY Change | -98.44% | 132.76% | |
Total Long-Term Liabilities | $0.00 | $200.0K | $12.80M |
YoY Change | -100.0% | -98.44% | 132.76% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.779M | $12.60M | $26.47M |
Total Long-Term Liabilities | $0.00 | $200.0K | $12.80M |
Total Liabilities | $37.45M | $23.35M | $39.28M |
YoY Change | 32.76% | -40.55% | -11.34% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$695.3M | -$694.2M | |
YoY Change | 6.05% | ||
Common Stock | $7.177M | $77.00K | |
YoY Change | 387.57% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $26.76M | $15.41M | $79.74M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $64.21M | $38.76M | $119.0M |
YoY Change | -19.31% | -67.43% | -25.33% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.126M | -$9.484M | -$7.044M |
YoY Change | -97.59% | 34.64% | -2.71% |
Depreciation, Depletion And Amortization | $729.0K | $780.0K | $802.0K |
YoY Change | -9.67% | -2.74% | -5.65% |
Cash From Operating Activities | -$13.99M | -$6.791M | -$10.33M |
YoY Change | -53.76% | -34.28% | -3.42% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $25.00K | -$2.000K | -$402.0K |
YoY Change | -100.77% | -99.5% | 48.89% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$25.27M | $1.651M | $27.17M |
YoY Change | -324.64% | -93.92% | 458.95% |
Cash From Investing Activities | -$25.29M | $1.649M | $26.76M |
YoY Change | -416.16% | -93.84% | 484.34% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 42.77M | 4.189M | 173.0K |
YoY Change | 161.87% | 2321.39% | |
NET CHANGE | |||
Cash From Operating Activities | -13.99M | -6.791M | -10.33M |
Cash From Investing Activities | -25.29M | 1.649M | 26.76M |
Cash From Financing Activities | 42.77M | 4.189M | 173.0K |
Net Change In Cash | 3.484M | -953.0K | 16.60M |
YoY Change | -158.78% | -105.74% | -371.27% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$13.99M | -$6.791M | -$10.33M |
Capital Expenditures | $25.00K | -$2.000K | -$402.0K |
Free Cash Flow | -$14.02M | -$6.789M | -$9.932M |
YoY Change | -48.1% | -31.65% | -4.77% |
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|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7671351 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7671351 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5888217 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5888217 | shares |
CY2022Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
77000 | usd |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1472000 | usd |
CY2022Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
709590000 | usd |
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
705570000 | usd |
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-694210000 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-655640000 | usd |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-44000 | usd |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-27000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15413000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
51375000 | usd |
CY2022Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
38761000 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
79586000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1346000 | usd | |
us-gaap |
Royalty Expense
RoyaltyExpense
|
350000 | usd | |
CY2022Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5490000 | usd |
CY2021Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9056000 | usd |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
22693000 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
25923000 | usd | |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3890000 | usd |
CY2021Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5816000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
11574000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
17261000 | usd | |
us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
1355000 | usd | |
us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
1561000 | usd | |
abeo |
Impairment Of Constructioninprogress
ImpairmentOfConstructioninprogress
|
-1792000 | usd | |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
9380000 | usd |
CY2021Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
14872000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
39325000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
43184000 | usd | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9380000 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-14872000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-37979000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-43184000 | usd | |
CY2021Q3 | abeo |
Gain On Settlement Of Related Party
GainOnSettlementOfRelatedParty
|
6743000 | usd |
abeo |
Gain On Settlement Of Related Party
GainOnSettlementOfRelatedParty
|
6743000 | usd | |
CY2021Q3 | abeo |
Ppp Loan Payable Forgiveness Income
PppLoanPayableForgivenessIncome
|
1758000 | usd |
abeo |
Ppp Loan Payable Forgiveness Income
PppLoanPayableForgivenessIncome
|
1758000 | usd | |
CY2022Q3 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
72000 | usd |
CY2021Q3 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
7000 | usd |
us-gaap |
Interest Income Operating
InterestIncomeOperating
|
103000 | usd | |
us-gaap |
Interest Income Operating
InterestIncomeOperating
|
35000 | usd | |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
157000 | usd |
CY2021Q3 | us-gaap |
Interest Expense
InterestExpense
|
683000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
558000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
3603000 | usd | |
CY2022Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-19000 | usd |
CY2021Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
3000 | usd |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-136000 | usd | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-2000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9484000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7044000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38570000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38253000 | usd | |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
3782000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-9484000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-7044000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-42352000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-38253000 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.48 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.80 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-7.05 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-9.93 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6421245 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3924024 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6009902 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3853318 | shares | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-4000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
1000 | usd |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-11000 | usd | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
10000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-6000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-9000 | usd |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-6000 | usd | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-9000 | usd | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-9494000 | usd |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-7052000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-42369000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-38252000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20086000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
632000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4189000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9484000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-10000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15413000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
51375000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2218000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4189000 | usd | |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
3782000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38570000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-17000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15413000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
84086000 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2537000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
33000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
140000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7044000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-8000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
79744000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
102551000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6915000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
7699000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
831000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38253000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1000 | usd | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
79744000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38570000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38253000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2364000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2443000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2218000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6915000 | usd | |
abeo |
Gain On Settlement Of Related Party
GainOnSettlementOfRelatedParty
|
6743000 | usd | |
abeo |
Ppp Loan Payable Forgiveness Income
PppLoanPayableForgivenessIncome
|
1758000 | usd | |
us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
1355000 | usd | |
us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
1561000 | usd | |
us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
1792000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
206000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-256000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
1204000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
825000 | usd | |
abeo |
Noncash Interest
NoncashInterest
|
558000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-121000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3000000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
1047000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1432000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1801000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-148000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
23000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-5125000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-4459000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-296000 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
3588000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29491000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-35408000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
105000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
903000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1590000 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
43866000 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
15164000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
43707000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
74130000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1326000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
58063000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4189000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7699000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
831000 | usd | |
us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
22468000 | usd | |
us-gaap |
Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
|
26250000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
407000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8530000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-27758000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
31185000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
38829000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
13571000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
11071000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
44756000 | usd |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5733000 | usd |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
43781000 | usd |
CY2022Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
5338000 | usd |
CY2021Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
975000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11071000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44756000 | usd |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
exchange ratio of 25-to-1 (the “Reverse Stock Split”) | |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p id="xdx_84A_eus-gaap--BasisOfAccounting_zL2v3rGIZHUi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_z2AT0GNiI2Ha">Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s unaudited interim condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, except as otherwise disclosed, necessary for the fair presentation of the financial position, results of operations, and changes in financial position for such periods, have been made. These unaudited interim condensed consolidated financial statement results are not necessarily indicative of results to be expected for the full fiscal year or any future period. Certain information that is normally required by U.S. GAAP has been condensed or omitted in accordance with rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). The December 31, 2021 condensed consolidated balance sheet was derived from the audited statements, but does not include all disclosures required by U.S. GAAP.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2022Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
23500000 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29500000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_840_eus-gaap--UseOfEstimates_zIKEFedS2dDl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_zxOEEpkAqONi">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of unaudited interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and disclosure of contingent assets and liabilities at the date of the unaudited interim condensed consolidated financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from these estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_843_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zNJNEtOYRwrg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_z6p2o7q3NbA4">Reclassifications</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain comparative figures have been reclassified to conform to the current year presentation. The Company reclassified depreciation and amortization costs of $<span id="xdx_90C_eus-gaap--DepreciationDepletionAndAmortization_pn5n6_c20210701__20210930__us-gaap--IncomeStatementLocationAxis__us-gaap--ResearchAndDevelopmentExpenseMember_zvfz5K7mocP8" title="Depreciation and amortization costs">0.8</span> million and $<span id="xdx_905_eus-gaap--DepreciationDepletionAndAmortization_c20210701__20210930__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_z7UcGgTZjgVb" title="Depreciation and amortization costs">16,000</span> to research and development and general and administrative expenses, respectively, on the condensed consolidated statements of operations and comprehensive loss during the three months ended September 30, 2021. The Company reclassified depreciation and amortization costs of $<span id="xdx_902_eus-gaap--DepreciationDepletionAndAmortization_pn5n6_c20210101__20210930__us-gaap--IncomeStatementLocationAxis__us-gaap--ResearchAndDevelopmentExpenseMember_z80saVAJH9bi" title="Depreciation and amortization costs">2.4</span> million and $<span id="xdx_907_eus-gaap--DepreciationDepletionAndAmortization_c20210101__20210930__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_zEnaU6GurNXe" title="Depreciation and amortization costs">49,000</span> to research and development and general and administrative expenses, respectively, on the condensed consolidated statements of operations and comprehensive loss during the nine months ended September 30, 2021. The Company also reclassified certain rent expenses of $<span id="xdx_905_ecustom--RentExpense_pn5n6_c20210701__20210930__us-gaap--ReclassificationTypeAxis__custom--GeneralAndAdministrativeToResearchAndDevelopmentExpensesMember_zEFE6TH0y8Qk" title="Reclassification of Rent expense">0.3</span> million and $<span id="xdx_900_ecustom--RentExpense_pn5n6_c20210101__20210930__us-gaap--ReclassificationTypeAxis__custom--GeneralAndAdministrativeToResearchAndDevelopmentExpensesMember_zM8DomrMYbO8" title="Reclassification of Rent expense">0.9</span> million from general and administrative to research and development expenses on the condensed consolidated statements of operations and comprehensive loss during the three and nine months ended September 30, 2021, respectively. Additionally, the Company also reclassified $<span id="xdx_90C_eus-gaap--RestrictedCash_iI_pn6n6_c20211231__us-gaap--ReclassificationTypeAxis__custom--PrepaidExpensesOtherCurrentAssetsToRestrictedCashMember_zFsRcoGnopL2" title="Restricted cash">5.0</span> million of restricted cash from prepaid expenses, other current assets and restricted cash and $<span id="xdx_90C_eus-gaap--RestrictedCash_iI_pn5n6_c20211231__us-gaap--ReclassificationTypeAxis__custom--OtherAssetsAndRestrictedCashToRestrictedCashMember_z2b62xWSWtFj" title="Restricted cash">0.9</span> million of restricted cash from other assets and restricted cash to restricted cash on the condensed consolidated balance sheets as of December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2851913 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2851913 | shares | |
CY2021Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
424417 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
424417 | shares | |
CY2022Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
12445000 | usd |
us-gaap |
Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
|
11000 | usd | |
CY2022Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
12434000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
12077000 | usd |
CY2021 | us-gaap |
Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
|
9000 | usd |
CY2021Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
12086000 | usd |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd | |
CY2021Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd | |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
18456000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
22799000 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
11850000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10460000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6606000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12339000 | usd |
CY2022Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
800000 | usd |
CY2021Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
800000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2300000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2400000 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
1800000 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
1400000 | usd | |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2156000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2156000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
801000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
772000 | usd |
CY2022Q3 | abeo |
Finite Lived Impairment Charge
FiniteLivedImpairmentCharge
|
1355000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1384000 | usd |
CY2022Q2 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
26300000 | usd |
us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
the Company’s stock underwent a 25:1 Reverse Stock Split | ||
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2021Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1788000 | shares |
CY2021Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
9.75 | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p id="xdx_80F_eus-gaap--LossContingencyDisclosures_zlhL3akwG0Ne" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 5 – <span id="xdx_821_zCYkOSEIWJa">SETTLEMENT LIABILITY</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On November 12, 2021, the Company entered into a settlement agreement (“Settlement Agreement”) with the Company’s prior licensor REGENXBIO Inc. (“REGENXBIO”) to resolve all existing disputes between the parties. In accordance with the Settlement Agreement, the Company agreed to pay REGENXBIO a total of $<span id="xdx_909_eus-gaap--SettlementLiabilitiesCurrent_iI_pn6n6_c20211112__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember_zniRXQlxTN28" title="Settlement Liabilities, Current">30.0</span> million, payable as follows: <span id="xdx_904_eus-gaap--LossContingencySettlementAgreementTerms_c20211111__20211112__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember_zmwiqEZFrPwh" title="Loss Contingency, Settlement Agreement, Terms">(1) $20.0 million paid in November 2021 after execution of the Settlement Agreement, (2) $5.0 million on the first anniversary of the effective date of the Settlement Agreement, and (3) $5.0 million upon the earlier of (i) the third anniversary of the effective date of the Settlement Agreement or (ii) the closing of a Strategic Transaction, as defined in the Settlement Agreement</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of September 30, 2022, the Company recorded the payables due to REGENXBIO in the condensed consolidated balance sheets based on the present value of the remaining payments due to REGENXBIO under the Settlement Agreement using an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20220930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember_zqJuJS7D7xt3" title="Debt Instrument, Interest Rate, Stated Percentage">9.6</span>%. The current portion of the payable due in <span id="xdx_90A_eus-gaap--DebtInstrumentMaturityDateDescription_c20220101__20220930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember__us-gaap--DebtInstrumentAxis__custom--DueInNovemberTwoThousandAndTwentyTwoMember_zPZiO7wIILjk" title="Debt instrument maturity date">November 2022</span> is $<span id="xdx_907_eus-gaap--LongTermDebt_iI_pn5n6_c20220930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember__us-gaap--DebtInstrumentAxis__custom--DueInNovemberTwoThousandAndTwentyTwoMember_z3sLRXZDGAL4" title="Long term debt">4.9</span> million and the long-term portion due in <span id="xdx_90E_eus-gaap--DebtInstrumentMaturityDateDescription_c20220101__20220930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember__us-gaap--DebtInstrumentAxis__custom--DueInNovemberTwoThousandAndTwentyFourMember_zkwrXS9IQoT6" title="Debt instrument maturity date">November 2024</span> is $<span id="xdx_908_eus-gaap--LongTermDebt_iI_pn5n6_c20220930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember__us-gaap--DebtInstrumentAxis__custom--DueInNovemberTwoThousandAndTwentyFourMember_zM9ABgOQDDw9" title="Long term debt">4.1</span> million as of September 30, 2022. As of September 30, 2022, the Company recorded $<span id="xdx_908_eus-gaap--RestrictedCash_iI_pn6n6_c20220930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--REGENXBIOMember_zlI69pendpbd" title="Restricted Cash">5.0</span> million of restricted cash in the condensed consolidated balance sheet that serves as collateral for the payment owed to REGENXBIO in November 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2021Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
42060000 | usd |
CY2022Q3 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
2092000 | usd |
CY2021Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
1794000 | usd |
CY2022Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
2029000 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3091000 | usd |
CY2021Q4 | abeo |
Accrued Sublicense Fee Owed To Licensor
AccruedSublicenseFeeOwedToLicensor
|
700000 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4121000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
5585000 | usd |
us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
1600000 | usd | |
us-gaap |
Preferred Stock Redemption Terms
PreferredStockRedemptionTerms
|
The holders of the Series A Preferred Stock and Series B Preferred Stock had the right to require the Company to redeem their shares of preferred stock for cash at 105% of the stated value of such shares commencing after the earlier of the receipt of stockholder approval of an amendment to the Company’s Restated Certificate of Incorporation to effect a reverse stock split and 60 days after the closing of the issuances of the Series A Preferred Stock and Series B Preferred Stock and until 90 days after such closing. The Company had the option to redeem the Series A Preferred Stock for cash at 105% of the stated value commencing after the 90th day following the closing of the issuance of the Series A Preferred Stock, subject to the holders’ rights to convert the shares prior to such redemption | ||
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
467000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
434000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1400000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1302000 | usd | |
CY2022Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
154000 | usd |
CY2021Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
105000 | usd |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
366000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
344000 | usd | |
CY2022Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
17000 | usd |
CY2021Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
13000 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
58000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
23000 | usd | |
CY2022Q3 | us-gaap |
Lease Cost
LeaseCost
|
638000 | usd |
CY2021Q3 | us-gaap |
Lease Cost
LeaseCost
|
552000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
1824000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
1669000 | usd | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
446000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1829000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1872000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1631000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
871000 | usd |
CY2022Q3 | abeo |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
3662000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
10311000 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2017000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
8294000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P79M | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.072 | pure |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
632000 | usd |
CY2021Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2537000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2218000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6915000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
4100000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P3Y1M6D | ||
abeo |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
|
1300000 | usd | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
25000000.0 | usd | |
CY2022Q3 | us-gaap |
Share Price
SharePrice
|
19.00 | |
us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
22500000 | usd | |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
3800000 | usd | |
CY2022Q3 | us-gaap |
Escrow Deposit
EscrowDeposit
|
26300000 | usd |
CY2022Q3 | us-gaap |
Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
|
11.25 | |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
3800000 | usd | |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
1788000 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
9.75 | |
CY2021Q4 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
16000000.0 | usd |
CY2021Q4 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1500000 | usd |
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
1788000 | shares |
CY2022Q3 | us-gaap |
Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
|
2026-12-21 |