2023 Q1 Form 10-K Financial Statement
#000121390023024719 Filed on March 30, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.244M | $2.103M | $9.140M |
YoY Change | -8.87% | 0.17% | -2.19% |
% of Gross Profit | |||
Research & Development | $676.4K | $1.137M | $4.177M |
YoY Change | 13.43% | -51.27% | 818.02% |
% of Gross Profit | |||
Depreciation & Amortization | $2.070K | $2.080K | $8.290K |
YoY Change | 0.0% | -48.26% | 17.92% |
% of Gross Profit | |||
Operating Expenses | $2.921M | $3.240M | $13.32M |
YoY Change | -4.52% | -26.91% | 2826.84% |
Operating Profit | -$2.921M | -$13.32M | |
YoY Change | -4.52% | -30.96% | |
Interest Expense | $28.89K | $47.82K | $63.21K |
YoY Change | 464.26% | 2073.64% | 866.51% |
% of Operating Profit | |||
Other Income/Expense, Net | $14.89K | $325.0K | $585.2K |
YoY Change | -89.8% | 501.74% | -321.41% |
Pretax Income | -$2.906M | -$2.867M | -$12.73M |
YoY Change | -0.07% | -51.61% | -34.77% |
Income Tax | -$500.00 | -$502.00 | |
% Of Pretax Income | |||
Net Earnings | -$2.906M | -$2.867M | -$12.73M |
YoY Change | -0.07% | -50.84% | -34.45% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.11 | -$0.51 | |
Diluted Earnings Per Share | -$0.11 | -$0.11 | -$0.51 |
COMMON SHARES | |||
Basic Shares Outstanding | 28.52M shares | 26.85M shares | 25.04M shares |
Diluted Shares Outstanding | 26.46M shares | 25.04M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.313M | $4.002M | $4.002M |
YoY Change | -81.78% | -33.99% | -33.99% |
Cash & Equivalents | $2.313M | $4.002M | $4.002M |
Short-Term Investments | |||
Other Short-Term Assets | $652.1K | $778.1K | $778.1K |
YoY Change | 136.4% | 94.81% | 94.81% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $2.965M | $4.780M | $4.780M |
YoY Change | -77.13% | -26.03% | -26.03% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $48.49K | $50.42K | $244.4K |
YoY Change | -83.27% | -13.28% | -19.69% |
Goodwill | $249.0K | $249.0K | |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $937.0K | $952.9K | $952.9K |
YoY Change | -6.17% | -5.97% | -5.97% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.965M | $4.780M | $4.780M |
Total Long-Term Assets | $937.0K | $952.9K | $952.9K |
Total Assets | $3.902M | $5.733M | $5.733M |
YoY Change | -72.06% | -23.31% | -23.31% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $530.1K | $393.8K | $393.8K |
YoY Change | 27.72% | 37.61% | 37.61% |
Accrued Expenses | $1.184M | $1.155M | $1.387M |
YoY Change | -32.18% | -51.42% | -42.85% |
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 | $1.798M | $1.791M | $1.791M |
YoY Change | -17.19% | -34.22% | -34.22% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $641.1K | $642.6K | $642.6K |
YoY Change | -39.63% | -47.39% | -47.39% |
Total Long-Term Liabilities | $641.1K | $642.6K | $642.6K |
YoY Change | -39.63% | -47.39% | -47.39% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.798M | $1.791M | $1.791M |
Total Long-Term Liabilities | $641.1K | $642.6K | $642.6K |
Total Liabilities | $2.462M | $2.456M | $2.456M |
YoY Change | -24.4% | -38.08% | -38.08% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$66.58M | -$63.67M | |
YoY Change | 24.99% | ||
Common Stock | $28.52K | $26.69K | |
YoY Change | 27.4% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.440M | $3.276M | $3.276M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.902M | $5.733M | $5.733M |
YoY Change | -72.06% | -23.31% | -23.31% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.906M | -$2.867M | -$12.73M |
YoY Change | -0.07% | -50.84% | -34.45% |
Depreciation, Depletion And Amortization | $2.070K | $2.080K | $8.290K |
YoY Change | 0.0% | -48.26% | 17.92% |
Cash From Operating Activities | -$2.299M | -$1.751M | -$11.19M |
YoY Change | -7.93% | -26.22% | -6.39% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Cash From Investing Activities | $0.00 | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $9.124M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $609.6K | 0.000 | $9.126M |
YoY Change | -93.32% | -100.0% | -33.12% |
NET CHANGE | |||
Cash From Operating Activities | -$2.299M | -1.751M | -$11.19M |
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | $609.6K | 0.000 | $9.126M |
Net Change In Cash | -$1.689M | -1.751M | -$2.060M |
YoY Change | 56.6% | -224.04% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.299M | -$1.751M | -$11.19M |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$1.751M | -$11.19M | |
YoY Change | -26.22% | -5.88% |
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|
9123741 | usd |
CY2022 | adil |
Stock Issued During Period Value Warrant Exercised
StockIssuedDuringPeriodValueWarrantExercised
|
1865 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12731416 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3276494 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12731416 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19423326 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3374493 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4240417 | usd |
CY2021 | us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
29088 | usd |
CY2022 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
7725 | usd |
CY2021 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
6456 | usd |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-6954 | usd |
CY2021 | us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
1548397 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
564 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
565 | usd |
CY2022 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
52212 | usd |
CY2021 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
48085 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
522000 | usd |
CY2021 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-281713 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-502 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-94077 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
418769 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-223104 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-40060 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-112188 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1222113 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1520291 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
175000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-49585 | usd |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-37337 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
108346 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
64605 | usd |
CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-30589 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-34016 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9123741 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
11750005 | usd |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1865 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1424998 | usd |
CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
469501 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9125606 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13644504 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2060379 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1661059 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6062173 | usd |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4401114 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
4001794 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
6062173 | usd |
CY2021 | adil |
Reclassification Of Stockbased Comp From Accrued Expenses
ReclassificationOfStockbasedCompFromAccruedExpenses
|
1060150 | usd |
CY2021 | adil |
Noncash Cost Of Commitment Shares
NoncashCostOfCommitmentShares
|
732287 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">Significant items subject to such estimates and assumptions include the valuation of stock-based compensation, accruals associated with third party providers supporting clinical trials and pre-clinical activities, estimated fair values of long-lived assets used to assess the value of intangible assets, acquired in-process research and development (“IPR&D”), and goodwill, allocation of purchase price in business acquisitions, measurement of contingent liabilities, and income tax asset realization.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 24pt"> </p> | |
CY2022 | adil |
Warrants To Purchase Common Shares
WarrantsToPurchaseCommonShares
|
12095870 | shares |
CY2021 | adil |
Warrants To Purchase Common Shares
WarrantsToPurchaseCommonShares
|
7917982 | shares |
CY2022 | adil |
Common Shares Issuable On Exercise Of Options
CommonSharesIssuableOnExerciseOfOptions
|
4316977 | shares |
CY2021 | adil |
Common Shares Issuable On Exercise Of Options
CommonSharesIssuableOnExerciseOfOptions
|
3585310 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1083333 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
17496180 | shares |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11503292 | shares |
CY2022Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
3800000 | usd |
CY2022Q4 | us-gaap |
Percentage Of Weighted Average Cost Inventory
PercentageOfWeightedAverageCostInventory
|
0.44 | pure |
CY2022 | us-gaap |
Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
|
732287 | usd |
CY2022 | adil |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedOtherComprehensiveIncomeLoss
|
-281713 | usd |
CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
1014000 | usd |
CY2022 | adil |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Included Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedOtherComprehensiveIncome
|
522000 | usd |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
492000 | usd |
CY2021Q1 | adil |
Owned Membership Interests
OwnedMembershipInterests
|
0.2873 | pure |
CY2022 | adil |
Purchase Price Description
PurchasePriceDescription
|
The purchase price of Purnovate consisted of cash consideration of $350,000 (excluding a $350,000 initial working capital loan to Purnovate, which was assumed by Adial at acquisition through its ownership of Purnovate, Purnovate’s liability and Adial’s asset being eliminated in consolidation), the issuance 699,980 shares of Adial common stock ($2.34 at date of closing, less a discount of 35% for a discount for lack of marketability related to the restrictions on the stock-based consideration) and contingent consideration for (i) certain development milestones in an aggregate amount of up to $2,100,000 for the first time any product or compound has achieved the relevant milestone within forty five (45) days after such occurrence (ii) milestones in an aggregate amount of up to $20,000,000 for each compound commercialized, and (iii) royalties of 3.0% of Net Sales (as defined in the Purchase Agreement). The equity consideration was placed into escrow to secure certain indemnification and other obligations of Purnovate and the Members and will be released, subject to certain terms. | |
CY2022 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
46000 | usd |
CY2022 | us-gaap |
Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
|
350000 | usd |
CY2022 | adil |
Stock Consideration
StockConsideration
|
1060150 | usd |
CY2022Q4 | us-gaap |
Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
|
732287 | usd |
CY2022 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
2142437 | usd |
CY2022 | adil |
Business Combination Research And Development Supplies
BusinessCombinationResearchAndDevelopmentSupplies
|
-1548397 | usd |
CY2022Q4 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
594040 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
380589 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
6954 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
|
294294 | usd |
CY2022 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
455000 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
|
1136837 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
910 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
|
350000 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
|
294294 | usd |
CY2022Q4 | adil |
Business Combination Paycheck Protection Program Loan
BusinessCombinationPaycheckProtectionProgramLoan
|
29088 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
117476 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
|
791768 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
|
345069 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
248971 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
594040 | usd |
CY2021Q1 | adil |
Net Loss
NetLoss
|
1923000 | shares |
CY2022Q4 | us-gaap |
Notes And Loans Payable
NotesAndLoansPayable
|
29088 | usd |
CY2022Q4 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.01 | pure |
CY2022 | adil |
Paycheck Protection Program Term
PaycheckProtectionProgramTerm
|
P2Y | |
CY2021Q2 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
29088 | usd |
CY2021 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
455000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
455000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
455000 | usd |
CY2022Q4 | adil |
Clinical Research Organization Services And Expenses
ClinicalResearchOrganizationServicesAndExpenses
|
123386 | usd |
CY2021Q4 | adil |
Clinical Research Organization Services And Expenses
ClinicalResearchOrganizationServicesAndExpenses
|
1826479 | usd |
CY2022Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
761509 | usd |
CY2021Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
520795 | usd |
CY2022Q4 | adil |
Manufacturing Expenses
ManufacturingExpenses
|
-197306 | usd |
CY2022Q4 | adil |
Legal And Consulting Services
LegalAndConsultingServices
|
72616 | usd |
CY2021Q4 | adil |
Legal And Consulting Services
LegalAndConsultingServices
|
29656 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1154817 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2376930 | usd |
CY2020Q4 | adil |
Membership Interest Description
MembershipInterestDescription
|
Mr. Stilley owned approximately 28.7% of the membership interest of Purnovate and Mr. Newman controlled two entities that, together, own less than 1% of the membership interests of Purnovate. As a result of the foregoing, the Company formed a Special Committee of independent members of its Board of Directors to review and negotiate the acquisition terms. | |
CY2021Q1 | adil |
Securities Purchase Agreements Description
SecuritiesPurchaseAgreementsDescription
|
the Company entered into Securities Purchase Agreements (the “SPAs”) with each of Bespoke, three entities controlled by James W. Newman, Jr., a member of the Company’s Board of Directors (“Newman”), and Keystone Capital Partners, LLC (“Keystone”), pursuant to which: (i) Bespoke agreed to purchase an aggregate of 336,667 shares of the Company’s common stock at a purchase price of $3.00 per share for aggregate gross proceeds of $1,010,001; (ii) Newman agreed to purchase an aggregate of 30,000 shares of the Company’s common stock at a purchase price of $3.00 per share for aggregate gross proceeds of $90,000; and (iii) Keystone agreed to purchase an aggregate of 333,334 shares of the Company’s common stock at a purchase price of $3.00 per share for aggregate gross proceeds of $1,000,002. In the year ended December 31, 2021, the Company issued 700,001 shares of common stock for total proceeds of $2,100,003. The shares sold pursuant to the SPAs were registered though a registration statement on Form S-3 that was filed with the SEC on April 20, 2021 and declared effective on May 26, 2021. | |
CY2021Q3 | adil |
Securities Purchase Agreements Description
SecuritiesPurchaseAgreementsDescription
|
the Company entered into Securities Purchase Agreements, dated July 6, 2021 (the “SPAs”), with three pre-existing investors for an aggregate investment of $5,000,004 in consideration of the purchase by such investors of an aggregate of 1,666,667 shares of the Company’s common stock at a purchase price of $3.00 per share. SPAs were entered with each of Bespoke Growth Partners, Inc. (“Bespoke”), a company controlled by Mark Peikin, the Chief Strategy Officer of the Company at that time, Keystone Capital Partners, LLC (“Keystone”), and Richard Gilliam, a private investor (“Gilliam”) (collectively, the “Investors,” and each an “Investor”), pursuant to which: (i) Bespoke agreed to purchase an aggregate of 833,334 shares of the Company’s common stock at a purchase price of $3.00 per share for aggregate gross proceeds of $2,500,002; (ii) Keystone agreed to purchase an aggregate of 500,000 shares of the Company’s common stock at a purchase price of $3.00 per share for aggregate gross proceeds of $1,500,000; and (iii) Gilliam agreed to purchase an aggregate of 333,334 shares of the Company’s common stock at a purchase price of $3.00 per share for gross proceeds of $1,000,002. | |
CY2021Q4 | adil |
Shares Of Common Stock
SharesOfCommonStock
|
200000 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
150000 | shares |
CY2021Q4 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2023-07-31 | |
CY2021Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
6.25 | |
CY2021Q4 | adil |
Shares Of Common Stock
SharesOfCommonStock
|
20000 | shares |
CY2021Q4 | adil |
Purchase An Additional Shares
PurchaseAnAdditionalShares
|
180000 | shares |
CY2021Q4 | adil |
Sale Of Additional Shares
SaleOfAdditionalShares
|
180000 | shares |
CY2021Q1 | adil |
Unregistered Share Of Common Stock
UnregisteredShareOfCommonStock
|
669980 | shares |
CY2021Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
1060150 | usd |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
|
10000 | shares |
CY2021Q1 | adil |
Exercise Price
ExercisePrice
|
1.45 | |
CY2021Q1 | adil |
Warrants Exercised
WarrantsExercised
|
14500 | usd |
CY2021Q1 | adil |
Warrants For Purchase
WarrantsForPurchase
|
712500 | shares |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
2 | |
CY2021Q1 | adil |
Warrants Exercised
WarrantsExercised
|
1425000 | usd |
CY2022Q1 | adil |
Common Stock Issuances
CommonStockIssuances
|
the Company, entered into a securities purchase agreement with an accredited institutional investor (“the Investor”) providing for the issuance of (i) 2,322,250 shares of the Company’s common stock, par value $0.001, (ii) pre-funded warrants to purchase up to 1,865,000 shares of common stock with an exercise price of $0.001 per share, which Pre-Funded Warrants are to be issued in lieu of shares of common stock to ensure that the Investor does not exceed certain beneficial ownership limitations, and (iii) warrants, with a term of five years and six months from the date of issuance, to purchase an aggregate of up to 3,977,888 shares of common stock at an exercise price of $2.52 per share. | |
CY2022Q1 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
9123741 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
|
1865 | usd |
CY2022Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1865000 | shares |
CY2022 | adil |
Stock Issued During Period Shares Other1
StockIssuedDuringPeriodSharesOther1
|
470000 | shares |
CY2022 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
818350 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
|
During the year ended December 31, 2022, the Company issued employees 1,250,000 shares of common stock as bonuses, of which 1,083,333 remain outstanding. The first issuance of 250,000 shares were subject to forfeiture for nominal consideration to Company on termination of the employee, the shares no longer being liable to forfeiture (“vesting”) on the following schedule: 1/24 of 166,667 shares vesting on the date of issue and the first of each of the next twenty-three subsequent months, and 83,333 shares vesting on the third anniversary of the date of issue. On December 30, 2022, the 166,667 shares vesting over 24 months were canceled by the recipient at the recipient’s will, at which time the Company recognized the remaining $191,325 cost of the unvested shares cancelled. The second issuance of 1,000,000 shares are subject to forfeiture on the same conditions, but on the following schedule: 1/6 of the issued shares vesting six months from date of issue, then 1/12 vesting at the end of each subsequent three month period, the entire grant being vested three years from date of issue. On December 31, 2022, none of the uncancelled shares were vested and 1,083,333 shares remained subject to repurchase. | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | usd |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
|
731667 | shares |
CY2022 | adil |
Weighted Averages Fair Value
WeightedAveragesFairValue
|
1017095 | usd |
CY2022 | adil |
Weighted Average Fair Values Per Share
WeightedAverageFairValuesPerShare
|
1.39 | |
CY2022 | adil |
Unrecognized Compensation Expense
UnrecognizedCompensationExpense
|
1939438 | usd |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P1Y6M7D | |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3374493 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4240417 | usd |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
8649625 | shares |
CY2021 | adil |
Weighted Average Remaining Term Outstanding Begining Balance
WeightedAverageRemainingTermOutstandingBeginingBalance
|
P3Y5M15D | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.6 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
|
0.02 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
53146 | shares |
CY2021 | adil |
Weighted Average Exercise Price Issued
WeightedAverageExercisePriceIssued
|
2.26 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
712500 | shares |
CY2021 | adil |
Weighted Average Exercise Price Exercised
WeightedAverageExercisePriceExercised
|
2 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
7990271 | shares |
CY2021 | adil |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Terms
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P2Y7M17D | |
CY2021Q4 | adil |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercises Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisesPrice
|
4.82 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
|
0.14 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
6042888 | shares |
CY2022 | adil |
Weighted Average Exercise Price Issued
WeightedAverageExercisePriceIssued
|
1.74 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
1865000 | shares |
CY2022 | adil |
Weighted Average Exercise Price Exercised
WeightedAverageExercisePriceExercised
|
0.001 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
12168159 | shares |
CY2022 | adil |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Terms
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P3Y14D | |
CY2022Q4 | adil |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercises Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisesPrice
|
4.03 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
|
0.01 | |
CY2022 | adil |
Warrants To Purchase Shares Of Common Stock
WarrantsToPurchaseSharesOfCommonStock
|
1865000 | shares |
CY2021 | adil |
Warrants To Purchase Shares Of Common Stock
WarrantsToPurchaseSharesOfCommonStock
|
712500 | shares |
CY2022 | adil |
Total Proceeds
TotalProceeds
|
1865 | usd |
CY2021 | adil |
Total Proceeds
TotalProceeds
|
1424998 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-0.0411 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-0.0243 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
|
0 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
|
-0.0167 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.0051 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.006 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0402 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0278 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.2142 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.1861 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0048 | pure |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-24473 | usd |
CY2022 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
-24473 | usd |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
23971 | usd |
CY2022 | us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
23971 | usd |
CY2022 | adil |
Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
|
-502 | usd |
CY2022 | adil |
Income Tax Expense Benefits
IncomeTaxExpenseBenefits
|
-502 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
11378190 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
9670286 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
171902 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
116147 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
52180 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
64623 | usd |
CY2022 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
15982 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
946624 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12418870 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
9692143 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
146008 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
158913 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-5221 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-1663 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
114871 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
117340 | usd |
CY2022Q4 | adil |
Deferred Tax Assets Rou Assets
DeferredTaxAssetsROUAssets
|
-48813 | usd |
CY2021Q4 | adil |
Deferred Tax Assets Rou Assets
DeferredTaxAssetsROUAssets
|
63309 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
168905 | usd |
CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
182312 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
22897 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
23399 | usd |
CY2022 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
NOLS generated prior to 2018 will expire in 2037 and the 20- year carryover limitation was eliminated for losses generated after January 1, 2018, giving the taxpayer the ability to carry forward losses indefinitely. However, NOL carry forward arising after January 1, 2018, will now be limited to 80 percent of Taxable income. | |
CY2022Q4 | adil |
Deferred Tax Asset Valuation Allowance
DeferredTaxAssetValuationAllowance
|
12400000 | usd |
CY2022Q2 | adil |
Effective Income Tax Rate Reconciliations At Federal Statutory Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationsAtFederalStatutoryIncomeTaxRatePercent
|
0.01 | pure |
CY2022Q2 | adil |
Excise Tax Percentage
ExciseTaxPercentage
|
0.01 | pure |
CY2022Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1000000 | usd |
CY2022 | adil |
License Fees And Milestone Payments Description
LicenseFeesAndMilestonePaymentsDescription
|
More specifically, the Company paid UVA LVG a license issue fee and is obligated to pay UVA LVG (i) annual minimum royalties of $40,000 commencing in 2017; (ii) a $20,000 milestone payments upon dosing the first patient under a Phase 3 human clinical trial of a licensed product, $155,000 upon the earlier of the completion of a Phase 3 trial of a licensed product, partnering of a licensed product, or sale of the Company, $275,000 upon acceptance of an NDA by the FDA, and $1,000,000 upon approval for sale of AD04 in the U.S., Europe or Japan; as well as (iii) royalties equal to a 2% and 1% of net sales of licensed products in countries in which a valid patent exists or does not exist, respectively, with royalties paid quarterly. In the event of a sublicense to a third party, the Company is obligated to pay royalties to UVA LVG equal to a percentage of what the Company would have been required to pay to UVA LVG had it sold the products under sublicense ourselves. In addition, the Company is required to pay to UVA LVG 15% of any sublicensing income. | |
CY2022 | us-gaap |
Royalty Expense
RoyaltyExpense
|
40000 | usd |
CY2021 | us-gaap |
Royalty Expense
RoyaltyExpense
|
40000 | usd |
CY2022Q2 | adil |
Accrued License Royalty Expense
AccruedLicenseRoyaltyExpense
|
155000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
40000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
0 | usd |
CY2018Q4 | adil |
Master Services Agreement Description
MasterServicesAgreementDescription
|
The MSA has a term of five years, automatically renewed for two-year periods, unless either party gives written notice of a decision not to renew the agreement six months prior to automatic renewal. | |
CY2018Q4 | us-gaap |
Exchange Fees
ExchangeFees
|
3398957 | usd |
CY2018Q4 | us-gaap |
Exchange Fees
ExchangeFees
|
3168895 | eur |
CY2022 | adil |
Exchange Rate
ExchangeRate
|
1.0726 | |
CY2022Q2 | us-gaap |
Payments For Fees
PaymentsForFees
|
146765 | usd |
CY2022Q2 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
137375 | usd |
CY2022Q2 | us-gaap |
Life Settlement Contracts Investment Method Carrying Amount
LifeSettlementContractsInvestmentMethodCarryingAmount
|
454034 | usd |
CY2022Q2 | us-gaap |
Life Settlement Contracts Investment Method Carrying Amount
LifeSettlementContractsInvestmentMethodCarryingAmount
|
410000 | eur |
CY2022 | us-gaap |
Other Noncash Income
OtherNoncashIncome
|
209689 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
|
P4Y | |
CY2021Q1 | us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.09 | pure |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
72828 | usd |
CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
75116 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
72828 | usd |
CY2021 | us-gaap |
Lease Cost
LeaseCost
|
75116 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
70202 | usd |
CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
67719 | usd |
CY2021 | adil |
Supplemental Noncash Amounts Of Lease Liabilities Arising From Obtaining Right Of Use Assets
SupplementalNoncashAmountsOfLeaseLiabilitiesArisingFromObtainingRightOfUseAssets
|
294294 | usd |
CY2022Q4 | adil |
Lease Right Of Use Assets
LeaseRightOfUseAssets
|
193997 | usd |
CY2021Q4 | adil |
Lease Right Of Use Assets
LeaseRightOfUseAssets
|
246209 | usd |
CY2022Q4 | adil |
Total Lease Assets
TotalLeaseAssets
|
193997 | usd |
CY2021Q4 | adil |
Total Lease Assets
TotalLeaseAssets
|
246209 | usd |
CY2022Q4 | adil |
Lease Liability Current Portion
LeaseLiabilityCurrentPortion
|
56828 | usd |
CY2021Q4 | adil |
Lease Liability Current Portion
LeaseLiabilityCurrentPortion
|
49585 | usd |
CY2022Q4 | adil |
Lease Liability Net Of Current Portion
LeaseLiabilityNetOfCurrentPortion
|
150547 | usd |
CY2021Q4 | adil |
Lease Liability Net Of Current Portion
LeaseLiabilityNetOfCurrentPortion
|
207375 | usd |
CY2022Q4 | adil |
Total Lease Liability
TotalLeaseLiability
|
207375 | usd |
CY2021Q4 | adil |
Total Lease Liability
TotalLeaseLiability
|
256960 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y29D | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y29D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.09 | pure |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.09 | pure |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
|
72687 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
|
75231 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
|
77864 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
6508 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
232290 | usd |
CY2022Q4 | adil |
Operating Leases Future Minimum Payments Less Effects Of Discounting
OperatingLeasesFutureMinimumPaymentsLessEffectsOfDiscounting
|
-24915 | usd |
CY2022Q4 | us-gaap |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
|
207375 | usd |
CY2022 | us-gaap |
Payments For Rent
PaymentsForRent
|
1400 | usd |
CY2021 | us-gaap |
Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
|
1400 | usd |
CY2022 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
416200 | usd |
CY2021 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
375000 | usd |
CY2019Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
|
300000 | usd |
CY2019Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.20 | pure |
CY2022Q4 | us-gaap |
Other Commitment
OtherCommitment
|
209250 | usd |
CY2022 | adil |
Consulting Expenses
ConsultingExpenses
|
151500 | usd |
CY2022 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
135000 | usd |
CY2022 | us-gaap |
Long Term Purchase Commitment Specified Form Of Payment
LongTermPurchaseCommitmentSpecifiedFormOfPayment
|
$1,409,000 | |
CY2022 | adil |
Advance Payment
AdvancePayment
|
579000 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
398600 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
150300 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
64200 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
|
184100 | usd |
CY2022Q4 | us-gaap |
Other Assets
OtherAssets
|
428700 | usd |
CY2022Q4 | adil |
Future Cash
FutureCash
|
1.2 | usd |
CY2022 | adil |
Common Stock Exercise Price
CommonStockExercisePrice
|
150000 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Beat Amount
EffectiveIncomeTaxRateReconciliationBeatAmount
|
4000000 | usd |
CY2022 | us-gaap |
Other Restrictions On Payment Of Dividends
OtherRestrictionsOnPaymentOfDividends
|
$11 | |
CY2022 | adil |
Cash Payment Of Aggregate Amount
CashPaymentOfAggregateAmount
|
50000000 | usd |
CY2022 | adil |
Aggregate Purchase Price
AggregatePurchasePrice
|
750000 | usd |
CY2022 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
550000 | usd |
CY2022 | adil |
Aggregate Shares
AggregateShares
|
1829269 | shares |
CY2022 | adil |
Percentage Of Common Stock
PercentageOfCommonStock
|
0.10 | pure |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.41 | |
CY2022 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
134969 | eur |
CY2022 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
143685 | usd |
CY2022 | us-gaap |
Debt Instrument Fee
DebtInstrumentFee
|
$22,000 | |
CY2021Q4 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
usd | |
CY2022 | us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
usd | |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
usd | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2022 | adil |
Reclassification Of Stockbased Comp From Accrued Expenses
ReclassificationOfStockbasedCompFromAccruedExpenses
|
usd | |
CY2022 | adil |
Noncash Cost Of Commitment Shares
NoncashCostOfCommitmentShares
|
usd | |
CY2021 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
shares | |
CY2022Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
|
usd | |
CY2021 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
-1.05 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
usd | |
CY2021Q4 | adil |
Manufacturing Expenses
ManufacturingExpenses
|
usd | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
|
usd | |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
usd | |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
usd | |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
usd | |
CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
usd | |
CY2022 | adil |
Supplemental Noncash Amounts Of Lease Liabilities Arising From Obtaining Right Of Use Assets
SupplementalNoncashAmountsOfLeaseLiabilitiesArisingFromObtainingRightOfUseAssets
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001513525 |