2018 Q1 Form 10-Q Financial Statement
#000156459018012733 Filed on May 10, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $4.071M | $2.142M |
YoY Change | 90.06% | -73.45% |
Cost Of Revenue | $1.781M | $488.0K |
YoY Change | 264.96% | -86.17% |
Gross Profit | $2.290M | $1.654M |
YoY Change | 38.45% | -63.56% |
Gross Profit Margin | 56.25% | 77.22% |
Selling, General & Admin | $7.592M | $10.55M |
YoY Change | -28.02% | 11.98% |
% of Gross Profit | 331.53% | 637.67% |
Research & Development | $8.199M | $5.913M |
YoY Change | 38.66% | -27.01% |
% of Gross Profit | 358.03% | 357.5% |
Depreciation & Amortization | $587.0K | $841.0K |
YoY Change | -30.2% | 0.6% |
% of Gross Profit | 25.63% | 50.85% |
Operating Expenses | $15.79M | $16.46M |
YoY Change | -4.06% | -6.05% |
Operating Profit | -$13.50M | -$9.539M |
YoY Change | 41.53% | -26.52% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | -$353.0K | -$406.0K |
YoY Change | -13.05% | -607.5% |
Pretax Income | -$13.85M | -$9.945M |
YoY Change | 39.27% | -22.91% |
Income Tax | -$820.0K | |
% Of Pretax Income | ||
Net Earnings | -$13.85M | -$9.945M |
YoY Change | 39.31% | -22.84% |
Net Earnings / Revenue | -340.31% | -464.29% |
Basic Earnings Per Share | -$0.63 | -$0.48 |
Diluted Earnings Per Share | -$8.822M | -$6.723M |
COMMON SHARES | ||
Basic Shares Outstanding | 22.03M | 20.76M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $61.70M | $60.90M |
YoY Change | 1.31% | 1864.52% |
Cash & Equivalents | $23.47M | $14.41M |
Short-Term Investments | $49.80M | $46.90M |
Other Short-Term Assets | $6.630M | $6.500M |
YoY Change | 2.0% | 20.37% |
Inventory | $1.285M | $8.100M |
Prepaid Expenses | $4.093M | |
Receivables | $3.098M | $1.900M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $77.20M | $77.40M |
YoY Change | -0.26% | 118.64% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.900M | $6.400M |
YoY Change | -7.81% | 39.13% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $11.20M | |
YoY Change | ||
Total Long-Term Assets | $23.00M | $20.40M |
YoY Change | 12.75% | -77.95% |
TOTAL ASSETS | ||
Total Short-Term Assets | $77.20M | $77.40M |
Total Long-Term Assets | $23.00M | $20.40M |
Total Assets | $100.2M | $97.80M |
YoY Change | 2.45% | -23.54% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $7.300M | $8.800M |
YoY Change | -17.05% | -27.87% |
Accrued Expenses | $2.100M | $2.500M |
YoY Change | -16.0% | 13.64% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $5.300M | |
YoY Change | ||
Total Short-Term Liabilities | $17.30M | $14.50M |
YoY Change | 19.31% | -22.46% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $14.00M | $18.40M |
YoY Change | -23.91% | |
Other Long-Term Liabilities | $600.0K | $3.400M |
YoY Change | -82.35% | -2.86% |
Total Long-Term Liabilities | $14.60M | $21.80M |
YoY Change | -33.03% | 522.86% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $17.30M | $14.50M |
Total Long-Term Liabilities | $14.60M | $21.80M |
Total Liabilities | $31.80M | $36.30M |
YoY Change | -12.4% | -4.61% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $68.36M | $61.50M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $100.2M | $97.80M |
YoY Change | 2.45% | -13.14% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$13.85M | -$9.945M |
YoY Change | 39.31% | -22.84% |
Depreciation, Depletion And Amortization | $587.0K | $841.0K |
YoY Change | -30.2% | 0.6% |
Cash From Operating Activities | -$16.98M | -$12.03M |
YoY Change | 41.13% | -14.74% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $473.0K | $794.0K |
YoY Change | -40.43% | -25.86% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $23.99M | -$2.040M |
YoY Change | -1275.98% | |
Cash From Investing Activities | $23.51M | -$2.830M |
YoY Change | -930.81% | 164.49% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -556.0K | 19.20M |
YoY Change | -102.9% | 40.97% |
NET CHANGE | ||
Cash From Operating Activities | -16.98M | -12.03M |
Cash From Investing Activities | 23.51M | -2.830M |
Cash From Financing Activities | -556.0K | 19.20M |
Net Change In Cash | 5.978M | 4.338M |
YoY Change | 37.81% | -378.08% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$16.98M | -$12.03M |
Capital Expenditures | $473.0K | $794.0K |
Free Cash Flow | -$17.45M | -$12.82M |
YoY Change | 36.08% | -15.53% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2017Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
73688000 | |
CY2018Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
49824000 | |
CY2018Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
3098000 | |
CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
1285000 | |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
6630000 | |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
400000 | |
CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4022000 | |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
6710000 | |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
5873000 | |
CY2018Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4093000 | |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4626000 | |
CY2018Q1 | apvo |
Sales Rebates And Discounts Payable
SalesRebatesAndDiscountsPayable
|
835000 | |
CY2017Q4 | apvo |
Sales Rebates And Discounts Payable
SalesRebatesAndDiscountsPayable
|
623000 | |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
400000 | |
CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
95084000 | |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
11243000 | |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
10000000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
6080000 | |
CY2017Q4 | us-gaap |
Assets
Assets
|
117007000 | |
CY2017Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
7350000 | |
CY2018Q1 | apvo |
Cost Credit Of Product Sales
CostCreditOfProductSales
|
1781000 | |
CY2017Q1 | apvo |
Cost Credit Of Product Sales
CostCreditOfProductSales
|
-1727000 | |
CY2017Q1 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
406000 | |
CY2018Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
4071000 | |
CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
2142000 | |
CY2018Q1 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
407000 | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-13908000 | |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-11714000 | |
CY2018Q1 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
54000 | |
CY2017Q1 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
2592000 | |
CY2017Q1 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
823000 | |
CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
54000 | |
CY2017Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
1769000 | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.63 | |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.56 | |
CY2017Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.08 | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13854000 | |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9945000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
957000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-123000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
257000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1342000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2830000 | |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.63 | |
CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.48 | |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22025268 | |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20757111 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
22000 | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-8000 | |
CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-13832000 | |
CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-9953000 | |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
717000 | |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1678000 | |
CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
587000 | |
CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
841000 | |
CY2018Q1 | apvo |
Non Cash Interest Expense
NonCashInterestExpense
|
247000 | |
CY2017Q1 | apvo |
Non Cash Interest Expense
NonCashInterestExpense
|
149000 | |
CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
187000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-97000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
806000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-3371000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-4916000 | |
CY2017Q1 | apvo |
Increase Decrease In Assets And Liabilities Held For Sale
IncreaseDecreaseInAssetsAndLiabilitiesHeldForSale
|
-2191000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-16978000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-12027000 | |
CY2018Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
25929000 | |
CY2017Q1 | us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
8102000 | |
CY2018Q1 | us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
54000 | |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
473000 | |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
794000 | |
CY2018Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
1998000 | |
CY2017Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
10138000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
23512000 | |
CY2017Q1 | apvo |
Settlement Of Contribution Receivable From Former Parent
SettlementOfContributionReceivableFromFormerParent
|
20000000 | |
CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
186000 | |
CY2018Q1 | apvo |
Payment Of Tax Liability For Vsted Equity Awards
PaymentOfTaxLiabilityForVstedEquityAwards
|
742000 | |
CY2017Q1 | apvo |
Payment Of Tax Liability For Vsted Equity Awards
PaymentOfTaxLiabilityForVstedEquityAwards
|
805000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-556000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
19195000 | |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5978000 | |
CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4338000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
17495000 | |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10076000 | |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23473000 | |
CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14414000 | |
CY2017Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
56000 | |
CY2018Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
658000 | |
CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
482000 | |
CY2018Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
576000 | |
CY2017Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
490000 | |
CY2018Q1 | us-gaap |
Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
|
LIBOR | |
CY2018Q1 | us-gaap |
Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
|
0.0760 | |
CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
717000 | |
CY2017Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1678000 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.350 | |
CY2018Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and 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 these estimates.</p></div> | |
CY2018Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Reclassifications</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-weight:bold;;font-size:6pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Our financial statements reflect all adjustments that we consider to be necessary for the fair presentation of our results, due to changes in accounting policies, sale of our Hyperimmune Business, and the reclassification of restricted cash.</p></div> | |
CY2016Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
35000000 | |
CY2016Q3 | us-gaap |
Due From Other Related Parties
DueFromOtherRelatedParties
|
20000000 | |
CY2017Q3 | apvo |
Revenue Recognition Of Net Commercial Product Date To Be Achieved
RevenueRecognitionOfNetCommercialProductDateToBeAchieved
|
2018-06-30 | |
CY2018Q1 | us-gaap |
Revenue Recognition Milestone Method Description
RevenueRecognitionMilestoneMethodDescription
|
The date on which the term loans begin to amortize will be extended to February 1, 2019 if we achieve net commercial product revenues of $16.0 million for the twelve month period ending June 30, 2018 and maintains such level of net commercial product revenues for each quarter prior to February 1, 2019 thereafter. | |
CY2017Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
997000 | |
CY2018Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
400000 | |
CY2017Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
400000 | |
CY2018Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
11243000 | |
CY2017Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
10000000 | |
CY2018Q1 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
51000 | |
CY2018Q1 | apvo |
Number Of Revenue Generating Product
NumberOfRevenueGeneratingProduct
|
1 | |
CY2018Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
64284000 | |
CY2017Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
84685000 | |
CY2018Q1 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | |
CY2018Q1 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | |
CY2018Q1 | us-gaap |
Cash
Cash
|
7588000 | |
CY2017Q4 | us-gaap |
Cash
Cash
|
6098000 | |
CY2018Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
4242000 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2018Q1 | apvo |
Percentage Limitation Of Taxable Income For Net Operating Losses Carryforward
PercentageLimitationOfTaxableIncomeForNetOperatingLossesCarryforward
|
0.800 | |
CY2018Q1 | apvo |
Tax Cuts And Jobs Act Description
TaxCutsAndJobsActDescription
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On December 22, 2017, the President of the United States signed into law Public Law No. 115-97, commonly referred to as the Tax Reform Act, following its passage by the United States Congress. The Tax Act made significant changes to U.S. federal income tax laws, including reduction of the corporate tax rate from 35.0% to 21.0%, limitation of the deduction for net operating losses to 80.0% of current year taxable income and elimination of net operating loss carrybacks, one-time taxation of offshore earning at reduced rates regardless of whether they are repatriated, elimination of U.S. tax on foreign earnings (subject to certain important exceptions), immediate deductions for certain new investments instead of deductions for depreciation expense over time, and modifying or repealing many business deductions. |