2020 Q3 Form 10-Q Financial Statement
#000164033420001749 Filed on July 13, 2020
Income Statement
Concept | 2020 Q3 | 2020 Q2 | 2019 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $760.0K | $690.0K | $720.0K |
YoY Change | 5.56% | -9.21% | 100.0% |
% of Gross Profit | |||
Research & Development | $270.0K | $265.2K | $230.0K |
YoY Change | 17.39% | 43.97% | -30.3% |
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $124.00 | $0.00 |
YoY Change | -48.97% | ||
% of Gross Profit | |||
Operating Expenses | $1.030M | $951.4K | $950.0K |
YoY Change | 8.42% | 1.07% | 37.68% |
Operating Profit | -$951.4K | ||
YoY Change | 1.07% | ||
Interest Expense | $0.00 | $0.00 | $110.0K |
YoY Change | -100.0% | -100.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $204.00 | $0.00 |
YoY Change | -99.97% | ||
Pretax Income | -$1.030M | -$950.0K | -$850.0K |
YoY Change | 21.18% | 179.41% | 23.19% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.030M | -$951.2K | -$850.0K |
YoY Change | 21.18% | 175.8% | 23.19% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$224.9K | -$273.8K | -$283.3K |
COMMON SHARES | |||
Basic Shares Outstanding | 4.496M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q3 | 2020 Q2 | 2019 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.142M | $1.280M | $4.420M |
YoY Change | -51.54% | 341.38% | 1200.0% |
Cash & Equivalents | $2.142M | $1.279M | $4.424M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $200.0K | $170.0K | $10.00K |
YoY Change | 1900.0% | -80.23% | -75.0% |
Inventory | |||
Prepaid Expenses | $195.0K | $74.66K | $18.62K |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $2.337M | $1.453M | $4.443M |
YoY Change | -47.4% | 26.32% | 1010.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $246.00 | $1.484K | $721.00 |
YoY Change | -65.88% | ||
Goodwill | |||
YoY Change | |||
Intangibles | $2.039M | $2.039M | $2.039M |
YoY Change | -0.02% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $2.039M | $2.041M | $2.040M |
YoY Change | -0.06% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $2.337M | $1.453M | $4.443M |
Total Long-Term Assets | $2.039M | $2.041M | $2.040M |
Total Assets | $4.376M | $3.494M | $6.483M |
YoY Change | -32.5% | 203.78% | 1520.68% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $490.0K | $260.0K | $639.4K |
YoY Change | -23.37% | -71.43% | 20.64% |
Accrued Expenses | |||
YoY Change | |||
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 | $501.0K | $268.5K | $1.022M |
YoY Change | -50.96% | -73.68% | 92.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $501.0K | $268.5K | $1.022M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $501.0K | $270.0K | $1.020M |
YoY Change | -50.88% | -73.53% | 92.45% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$9.466M | -$8.438M | -$4.811M |
YoY Change | 96.77% | ||
Common Stock | $5.000K | $3.734K | $3.354K |
YoY Change | 49.08% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.875M | $3.225M | $5.460M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.376M | $3.494M | $6.483M |
YoY Change | -32.5% | 203.78% | 1520.68% |
Cashflow Statement
Concept | 2020 Q3 | 2020 Q2 | 2019 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.030M | -$951.2K | -$850.0K |
YoY Change | 21.18% | 175.8% | 23.19% |
Depreciation, Depletion And Amortization | $0.00 | $124.00 | $0.00 |
YoY Change | -48.97% | ||
Cash From Operating Activities | -$880.0K | -$1.020M | -$1.060M |
YoY Change | -16.98% | 72.88% | 107.84% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | -$1.500M |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | -$1.500M |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.710M | 280.0K | 6.700M |
YoY Change | -74.48% | -33.33% | 1164.15% |
NET CHANGE | |||
Cash From Operating Activities | -880.0K | -1.020M | -1.060M |
Cash From Investing Activities | 0.000 | 0.000 | -1.500M |
Cash From Financing Activities | 1.710M | 280.0K | 6.700M |
Net Change In Cash | 830.0K | -740.0K | 4.140M |
YoY Change | -79.95% | 335.29% | 20600.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$880.0K | -$1.020M | -$1.060M |
Capital Expenditures | $0.00 | $0.00 | -$1.500M |
Free Cash Flow | -$880.0K | -$1.020M | $440.0K |
YoY Change | -300.0% | 72.88% | -186.27% |
Facts In Submission
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CY2020Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
382543 | USD |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
666226 | USD | |
CY2020Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
303524 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
731277 | USD | |
CY2020Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
265204 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
858224 | USD | |
CY2020Q2 | us-gaap |
Depreciation
Depreciation
|
124 | USD |
us-gaap |
Depreciation
Depreciation
|
383 | USD | |
CY2020Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
951395 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
2256110 | USD | |
CY2020Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-951395 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2256110 | USD | |
CY2020Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
204 | USD |
CY2019Q2 | artl |
Change In Fair Value For Period Of Warrant Derivative Liability
ChangeInFairValueForPeriodOfWarrantDerivativeLiability
|
563966 | USD |
artl |
Change In Fair Value For Period Of Warrant Derivative Liability
ChangeInFairValueForPeriodOfWarrantDerivativeLiability
|
29501 | USD | |
CY2020Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
204 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
30699 | USD | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
929535 | USD | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-951191 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1326575 | USD | |
CY2019Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1306361 | USD |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y9M10D | |
CY2020Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
3.57 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.48 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
26166 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
3.31 | ||
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
771 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
60310 | USD | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
771 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
60310 | USD | |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-344112 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3567368 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
376095 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-88231 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
91471 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3474667 | USD | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
34547 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2053 | USD | |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
34547 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2053 | USD | |
CY2019Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
16344 | USD |
CY2018Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
4888 | USD |
CY2020Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-916644 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1324522 | USD | |
CY2019Q4 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
15151 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
10500 | USD |
CY2018Q4 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
13000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
13000 | USD |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
|
100000 | USD | |
CY2019Q4 | artl |
Adjustments To Additional Paid In Capital Refund For Fractional Stock
AdjustmentsToAdditionalPaidInCapitalRefundForFractionalStock
|
-117 | USD |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
97397 | USD |
CY2020Q1 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
-2500 | USD |
CY2018Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
170774 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1087131 | USD |
CY2018Q4 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
28051 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
29304 | USD |
CY2019Q1 | artl |
Reclass Of Warrant Derivative Liability From Equity
ReclassOfWarrantDerivativeLiabilityFromEquity
|
-918050 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
326398 | USD | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
1176 | USD | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
7116 | USD | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
12222 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
270771 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1679772 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
60363 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
1511 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD | |
artl |
Common Shares Issued For Acquisition Of License Offset Against Stock Payable
CommonSharesIssuedForAcquisitionOfLicenseOffsetAgainstStockPayable
|
539417 | USD | |
artl |
Common Shares Issued For Settlement Of Stock Payable
CommonSharesIssuedForSettlementOfStockPayable
|
100000 | USD | |
artl |
Additional Issuance Series D Shares Per Terms Subscription Agreements
AdditionalIssuanceSeriesDSharesPerTermsSubscriptionAgreements
|
7 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1176 | USD | |
artl |
Refund For Fractional Stock
RefundForFractionalStock
|
-117 | USD | |
artl |
Cancellation Of Common Shares
CancellationOfCommonShares
|
6 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.55 | pure | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.58 | pure |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
31500 | USD | |
artl |
Remains Unamortized Allocated Share Based Compensation Expense
RemainsUnamortizedAllocatedShareBasedCompensationExpense
|
44333 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="MARGIN:0px 0px 0px 0in;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><strong>NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS</strong></span></span></span></span></p><p style="MARGIN:0px"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">ARTELO BIOSCIENCES, INC. (“we”, “us”, “our”, the “Company”) is a Nevada corporation incorporated on May 2, 2011. It is based in San Diego County, California. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is August 31.</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Effective on February 10, 2017, the Company changed its name from “Knight Knox Development Corp.,” to “Reactive Medical Inc.” On April 14, 2017, the Company changed its name from “Reactive Medical Inc.” to “Artelo Biosciences, Inc.”</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company registered fully owned subsidiaries in Ireland, Trinity Reliant Ventures Limited, on November 11, 2016 and in the UK, Trinity Research & Development Limited, on June 2, 2017. On January 8, 2020 Trinity Research and Development Limited changed its name to Artelo Biosciences Limited. The Company incorporated a fully owned subsidiary in Canada, Artelo Biosciences Corporation, on March 18, 2020. Operations in the subsidiaries have been consolidated in the financial statements.</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company intends to license, develop and commercialize novel cannabinoid therapeutic treatments.</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><em>Reverse stock split</em></span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="MARGIN:0px;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company filed a Certificate of Change with the Secretary of State of Nevada, pursuant to which, effective on June 20, 2019, the Company effected a one-for-eight reverse split of its authorized and issued and outstanding common stock (the “Reverse Stock Split”). The number of authorized shares of common stock was reduced from 150,000,000 to 18,750,000. The Company’s authorized Preferred Stock was reduced from 50,000,000 to 6,250,000. All share and per share information in these financial statements retroactively reflect this reverse stock split.</span></span></p> | ||
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.57 | |
CY2020Q2 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
139811 | shares |
CY2020Q2 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
3.95 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y1M24D | ||
artl |
Share Based Payment Stock Option Granted Weighted Average Remaining Life
ShareBasedPaymentStockOptionGrantedWeightedAverageRemainingLife
|
P10Y | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares | |
artl |
Share Based Payment Stock Option Forfeited Weighted Average Remaining Life
ShareBasedPaymentStockOptionForfeitedWeightedAverageRemainingLife
|
P9Y1M6D | ||
us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
15151 | USD | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
10500 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
13000 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
539417 | USD |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
42482 | USD |
CY2020Q2 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
-2500 | USD |
CY2020Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
380678 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
417732 | USD |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
39740 | USD |
CY2019Q2 | artl |
Reclass Of Warrant Derivative Liability From Equity
ReclassOfWarrantDerivativeLiabilityFromEquity
|
-79224 | USD |
CY2019Q2 | artl |
Stock Issued During Period Value Issued For Services Related Party
StockIssuedDuringPeriodValueIssuedForServicesRelatedParty
|
240000 | USD |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
56027 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-24142 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1731580 | USD | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
688 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-688 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
380678 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1675637 | USD | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
113866 | USD | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-3040 | USD | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-8087 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3144709 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-50985 | USD | |
artl |
Reclass Of Warrant Derivatives Liability From Equity
ReclassOfWarrantDerivativesLiabilityFromEquity
|
997274 | USD | |
artl |
Common Shares Issued For Deposit Of Acquisition Of License
CommonSharesIssuedForDepositOfAcquisitionOfLicense
|
539417 | USD | |
artl |
Deferred Offering Costs Incurred
DeferredOfferingCostsIncurred
|
291670 | USD | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div><p style="MARGIN:0px;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><strong><em>Reclassification</em></strong></span></span></p><p style="MARGIN:0px;text-align:justify"> </p><p style="MARGIN:0px;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Certain reclassifications have been made to the prior year financial statements to conform to the current period presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.</span></span></p></div> | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |