2024 Q1 Form 10-K Financial Statement

#000095017024025428 Filed on March 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.231M $2.793M $11.77M
YoY Change -9.95% -7.21% -15.15%
% of Gross Profit
Research & Development $3.752M $3.591M $17.11M
YoY Change -9.98% -23.17% -4.33%
% of Gross Profit
Depreciation & Amortization $106.0K $116.0K $567.0K
YoY Change -40.45% -27.95% -37.07%
% of Gross Profit
Operating Expenses $3.752M $6.384M $17.11M
YoY Change -9.98% -16.92% -4.33%
Operating Profit -$6.983M -$28.88M
YoY Change -9.97% 0.83%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $149.0K $188.0K $578.0K
YoY Change -322.39% -92.54% -114.35%
Pretax Income -$6.834M -$6.196M -$18.65M
YoY Change -474.06% 20.01% -365.9%
Income Tax
% Of Pretax Income
Net Earnings -$6.834M -$5.903M -$17.41M
YoY Change -346.45% 27.17% -316.91%
Net Earnings / Revenue
Basic Earnings Per Share -$9.95 -$1.42
Diluted Earnings Per Share -$9.95 -$11.84 -$1.42
COMMON SHARES
Basic Shares Outstanding 23.47M 17.62M 12.23M
Diluted Shares Outstanding 686.7K 12.23M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.25M $16.90M $16.90M
YoY Change -59.53% -25.32% -25.32%
Cash & Equivalents $10.25M $16.90M $13.17M
Short-Term Investments
Other Short-Term Assets $691.0K $689.0K $2.162M
YoY Change -56.32% -7.39% -6.61%
Inventory
Prepaid Expenses $1.133M $1.473M
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $12.07M $19.07M $19.07M
YoY Change -57.61% -30.54% -30.54%
LONG-TERM ASSETS
Property, Plant & Equipment $789.0K $895.0K $5.776M
YoY Change -38.55% -38.78% -14.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $5.555M $5.776M $5.776M
YoY Change -14.33% -14.62% -14.62%
TOTAL ASSETS
Total Short-Term Assets $12.07M $19.07M $19.07M
Total Long-Term Assets $5.555M $5.776M $5.776M
Total Assets $17.63M $24.84M $24.84M
YoY Change -49.59% -27.39% -27.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.720M $3.984M $3.984M
YoY Change -10.01% 13.86% 13.86%
Accrued Expenses $2.310M $2.798M $2.798M
YoY Change 88.26% 11.7% 11.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $6.298M $7.224M $7.224M
YoY Change 8.64% -17.02% -17.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $14.00K $5.397M $5.397M
YoY Change -99.76% -11.22% -11.22%
Total Long-Term Liabilities $14.00K $5.397M $5.397M
YoY Change -99.76% 270.67% -28.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.298M $7.224M $7.224M
Total Long-Term Liabilities $14.00K $5.397M $5.397M
Total Liabilities $11.53M $12.62M $12.62M
YoY Change -1.6% -22.29% -22.29%
SHAREHOLDERS EQUITY
Retained Earnings -$230.3M -$223.4M
YoY Change 13.29% 8.45%
Common Stock $236.4M $235.7M
YoY Change 4.36% 5.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.103M $12.22M $12.22M
YoY Change
Total Liabilities & Shareholders Equity $17.63M $24.84M $24.84M
YoY Change -49.59% -27.39% -27.39%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$6.834M -$5.903M -$17.41M
YoY Change -346.45% 27.17% -316.91%
Depreciation, Depletion And Amortization $106.0K $116.0K $567.0K
YoY Change -40.45% -27.95% -37.07%
Cash From Operating Activities -$6.651M -$5.253M -$11.73M
YoY Change -245.66% -11.55% -44.2%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.467M
YoY Change -71.74%
Cash From Financing Activities -3.000K 3.046M 5.998M
YoY Change -99.84% -49.22% -329.28%
NET CHANGE
Cash From Operating Activities -6.651M -5.253M -11.73M
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities -3.000K 3.046M 5.998M
Net Change In Cash -6.654M -2.207M -5.732M
YoY Change -347.09% -3840.68% -75.78%
FREE CASH FLOW
Cash From Operating Activities -$6.651M -$5.253M -$11.73M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$5.253M -$11.73M
YoY Change -11.55% -44.28%

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CY2022 apvo Proceeds From Issuance Of Common Stock And Prefunded Warrants
ProceedsFromIssuanceOfCommonStockAndPrefundedWarrants
6934000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5998000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2616000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5732000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23667000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22636000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46303000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16904000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22636000
CY2023 apvo Warrant Modification Incremental Value
WarrantModificationIncrementalValue
2080000
CY2022 apvo Change In Rou Asset And Lease Liability From Lease Remeasurement
ChangeInROUAssetAndLeaseLiabilityFromLeaseRemeasurement
4372000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1216000
CY2022 apvo Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures And Stock Options Exercised
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeituresAndStockOptionsExercised
-5000
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6934000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1802000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
8027000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
17974000
CY2023 apvo Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures And Stock Options Exercised
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeituresAndStockOptionsExercised
-10000
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6428000
CY2023 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
967000
CY2023 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
2080000
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2193000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-17411000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
12221000
CY2023 apvo Proceeds Of Warrants Issued During Period Gross
ProceedsOfWarrantsIssuedDuringPeriodGross
3300000
CY2023 apvo Warrants Issuance Costs
WarrantsIssuanceCosts
2300000
CY2023 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
2100000
CY2023Q4 apvo Number Of Technology Platforms
NumberOfTechnologyPlatforms
2
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
25000000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, clinical accruals, useful lives of equipment, commitments and contingencies, stock-based compensation, and incremental borrowing rate (IBR) used for our lease. Given the global economic and geopolitical climate, these estimates are becoming more challenging, and actual results could differ materially from those estimates.</span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-left:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially subject Aptevo to concentrations of credit risk consist primarily of cash and cash equivalents, certain investments and royalty and milestone receivable. Aptevo places its cash and cash equivalents with high quality financial institutions and may maintain cash balances in excess of insured limits. Management believes that the financial risks associated with its cash and cash equivalents are minimal.</span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-left:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially subject Aptevo to concentrations of credit risk consist primarily of cash and cash equivalents, certain investments and royalty and milestone receivable. Aptevo places its cash and cash equivalents with high quality financial institutions and may maintain cash balances in excess of insured limits. Management believes that the financial risks associated with its cash and cash equivalents are minimal.</span></p>
CY2023 apvo Reduction In Research And Development Expense
ReductionInResearchAndDevelopmentExpense
2700000
CY2022 apvo Reduction In Research And Development Expense
ReductionInResearchAndDevelopmentExpense
1700000
CY2023 apvo Research And Development Cost Percentage
ResearchAndDevelopmentCostPercentage
0.50
CY2022 apvo Research And Development Cost Percentage
ResearchAndDevelopmentCostPercentage
0.50
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13593000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13026000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
895000
CY2023 apvo Disposal Group Including Discontinued Operations Deferred Revenue
DisposalGroupIncludingDiscontinuedOperationsDeferredRevenue
523000
CY2022 apvo Disposal Group Including Discontinued Operations Deferred Revenue
DisposalGroupIncludingDiscontinuedOperationsDeferredRevenue
1013000
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1239000
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1013000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1462000
CY2023 us-gaap Depreciation
Depreciation
600000
CY2022 us-gaap Depreciation
Depreciation
900000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
0
CY2023 apvo Disposal Group Including Discontinued Operations Deferred Revenue
DisposalGroupIncludingDiscontinuedOperationsDeferredRevenue
523000
CY2022 apvo Disposal Group Including Discontinued Operations Deferred Revenue
DisposalGroupIncludingDiscontinuedOperationsDeferredRevenue
1013000
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1239000
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1013000
CY2023 apvo Proceeds From Sale Of Investments
ProceedsFromSaleOfInvestments
47500000
CY2023Q4 apvo Closing Payments Received
ClosingPaymentsReceived
35000000
CY2023 apvo Milestone Payment
MilestonePayment
12500000
CY2023 apvo Reduction In Research And Development Expense
ReductionInResearchAndDevelopmentExpense
2700000
CY2022 apvo Reduction In Research And Development Expense
ReductionInResearchAndDevelopmentExpense
1700000
CY2023 apvo Research And Development Cost Percentage
ResearchAndDevelopmentCostPercentage
0.50
CY2022 apvo Research And Development Cost Percentage
ResearchAndDevelopmentCostPercentage
0.50
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
13200000
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
21600000
CY2023 apvo Cash Equivalents Maturity Period
CashEquivalentsMaturityPeriod
P90D
CY2023Q4 us-gaap Cash
Cash
3732000
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
13171000
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
21569000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16904000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22635000
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
13200000
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
21600000
CY2023 apvo Cash Equivalents Maturity Period
CashEquivalentsMaturityPeriod
P90D
CY2023Q4 us-gaap Cash
Cash
3732000
CY2022Q4 us-gaap Cash
Cash
1066000
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
13171000
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
21569000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16904000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22635000
CY2022Q2 apvo Gain On Extinguishment Of Liability Related To Sale Of Royalties
GainOnExtinguishmentOfLiabilityRelatedToSaleOfRoyalties
37200000
CY2023Q1 apvo Milestone Payment
MilestonePayment
2500000
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-18650000
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
7014000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14488000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14488000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13593000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13026000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
895000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1462000
CY2023 us-gaap Depreciation
Depreciation
600000
CY2022 us-gaap Depreciation
Depreciation
900000
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
25000000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
0
CY2023 apvo Proceeds From Sale Of Investments
ProceedsFromSaleOfInvestments
47500000
CY2023Q4 apvo Closing Payments Received
ClosingPaymentsReceived
35000000
CY2023 apvo Milestone Payment
MilestonePayment
12500000
CY2022Q2 apvo Gain On Extinguishment Of Liability Related To Sale Of Royalties
GainOnExtinguishmentOfLiabilityRelatedToSaleOfRoyalties
37200000
CY2023Q1 apvo Milestone Payment
MilestonePayment
2500000
CY2021Q4 apvo Liability Related To Sale Of Royalties
LiabilityRelatedToSaleOfRoyalties
31045000
CY2022 apvo Milestone Payment Received Net Of Transaction Costs
MilestonePaymentReceivedNetOfTransactionCosts
9500000
CY2022 apvo Non Cash Interest Expense
NonCashInterestExpense
3416000
CY2022 us-gaap Payments For Royalties
PaymentsForRoyalties
6779000
CY2022 apvo Gain On Extinguishment Of Liability Related To Sale Of Royalties
GainOnExtinguishmentOfLiabilityRelatedToSaleOfRoyalties
37182000
CY2021Q4 apvo Liability Related To Sale Of Royalties
LiabilityRelatedToSaleOfRoyalties
31045000
CY2022 apvo Milestone Payment Received Net Of Transaction Costs
MilestonePaymentReceivedNetOfTransactionCosts
9500000
CY2022 apvo Non Cash Interest Expense
NonCashInterestExpense
3416000
CY2022 us-gaap Payments For Royalties
PaymentsForRoyalties
6779000
CY2022 apvo Gain On Extinguishment Of Liability Related To Sale Of Royalties
GainOnExtinguishmentOfLiabilityRelatedToSaleOfRoyalties
37182000
CY2023 apvo Operating Lease Property Number Of Lab Equipment
OperatingLeasePropertyNumberOfLabEquipment
0
CY2023 apvo Finance Lease Number Of Equipment
FinanceLeaseNumberOfEquipment
0
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1187000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1277000
CY2023 us-gaap Lease Cost
LeaseCost
1187000
CY2022 us-gaap Lease Cost
LeaseCost
1277000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4881000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5303000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
1147000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
895000
CY2023 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1239000
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1013000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-17411000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1187000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1277000
CY2023 us-gaap Lease Cost
LeaseCost
1187000
CY2022 us-gaap Lease Cost
LeaseCost
1277000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
895000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1376000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1376000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1376000
CY2023Q4 apvo Lessee Operating Lease Liability Payments Due Year Four And Beyond
LesseeOperatingLeaseLiabilityPaymentsDueYearFourAndBeyond
4587000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8715000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2636000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6079000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5400000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
700000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6100000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
400000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1203
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1203
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1376000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1376000
CY2023Q4 apvo Lessee Operating Lease Liability Payments Due Year Four And Beyond
LesseeOperatingLeaseLiabilityPaymentsDueYearFourAndBeyond
4587000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8715000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2636000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6079000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5400000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
700000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6100000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
400000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1203
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1203
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
7014000
CY2023 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1239000
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1013000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-17411000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
8027000
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
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-1.52
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.38
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.52
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.37
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.1
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.2
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.1
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.2
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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12234661
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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5100310
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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12234661
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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5102914
CY2023 apvo Class Of Warrant Or Right Exercisable Weighted Average Remaining Contractual Term
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P2Y9M10D
CY2023Q4 apvo Class Of Warrant Or Right Exercised With Shares Held In Abeyance
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10388866
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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49113000
CY2023Q4 us-gaap Deferred Tax Assets Net
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1027000
CY2023Q4 us-gaap Deferred Tax Assets Net
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1027000
CY2022 us-gaap Net Income Loss
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8027000
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
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-1.52
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.38
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.37
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.2
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.1
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.2
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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12234661
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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5100310
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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12234661
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5102914
CY2019Q1 apvo Pre Funded Warrants And Rights Outstanding Term
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P10Y
CY2019Q1 apvo Prefunded Warrant Expiration Date
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2029-03-11
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
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350589
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18.2
CY2022 apvo Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Term
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P0Y3M
CY2023 apvo Class Of Warrant Or Right Issued
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44526070
CY2023 apvo Class Of Warrant Or Right Issued Weighted Average Exercise Price
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0.37
CY2023 apvo Class Of Warrant Or Right Issued Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightIssuedWeightedAverageRemainingContractualTerm
P2Y10M20D
CY2023 apvo Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
14198518
CY2023 apvo Class Of Warrant Or Right Exercised Weighted Average Exercise Price
ClassOfWarrantOrRightExercisedWeightedAverageExercisePrice
0.23
CY2023 apvo Class Of Warrant Or Right Exercised Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightExercisedWeightedAverageRemainingContractualTerm
P2Y7M9D
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
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30678141
CY2023Q4 apvo Class Of Warrant Or Right Outstanding Weighted Average Exercise Price
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