2020 Q4 Form 10-K Financial Statement
#000164033420002722 Filed on November 04, 2020
Income Statement
Concept | 2020 Q4 | 2020 | 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 | $840.0K | $2.770M | $720.0K |
YoY Change | 25.37% | 30.66% | 100.0% |
% of Gross Profit | |||
Research & Development | $595.0K | $1.919M | $230.0K |
YoY Change | -11.19% | 75.73% | -30.3% |
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $500.00 | $0.00 |
YoY Change | -1.96% | ||
% of Gross Profit | |||
Operating Expenses | $1.436M | $4.686M | $950.0K |
YoY Change | 7.16% | 46.0% | 37.68% |
Operating Profit | -$1.436M | -$4.686M | |
YoY Change | 46.0% | ||
Interest Expense | $0.00 | $30.00K | $110.0K |
YoY Change | -100.0% | -97.03% | |
% of Operating Profit | |||
Other Income/Expense, Net | $1.000K | $31.00K | $0.00 |
YoY Change | -97.01% | ||
Pretax Income | -$1.430M | -$4.650M | -$850.0K |
YoY Change | 9.16% | 114.29% | 23.19% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.435M | -$4.655M | -$850.0K |
YoY Change | 9.85% | 114.3% | 23.19% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$139.9K | -$1.253M | -$283.3K |
COMMON SHARES | |||
Basic Shares Outstanding | 15.11M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q4 | 2020 | 2019 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.390M | $2.140M | $4.420M |
YoY Change | 119.29% | -51.58% | 1200.0% |
Cash & Equivalents | $5.783M | $2.140M | $4.424M |
Short-Term Investments | $3.436M | ||
Other Short-Term Assets | $110.0K | $200.0K | $10.00K |
YoY Change | 22.22% | 1900.0% | -75.0% |
Inventory | |||
Prepaid Expenses | $111.1K | $18.62K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $7.500M | $2.340M | $4.443M |
YoY Change | 113.68% | -47.3% | 1010.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $185.00 | $0.00 | $721.00 |
YoY Change | -69.06% | ||
Goodwill | |||
YoY Change | |||
Intangibles | $2.039M | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $189.0K | ||
YoY Change | |||
Total Long-Term Assets | $2.040M | $2.040M | $2.040M |
YoY Change | 0.0% | 0.0% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $7.500M | $2.340M | $4.443M |
Total Long-Term Assets | $2.040M | $2.040M | $2.040M |
Total Assets | $9.540M | $4.380M | $6.483M |
YoY Change | 71.89% | -32.41% | 1520.68% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $470.0K | $490.0K | $639.4K |
YoY Change | -17.54% | 40.0% | 20.64% |
Accrued Expenses | $28.00K | ||
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 | $490.0K | $500.0K | $1.022M |
YoY Change | -15.52% | -50.98% | 92.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $67.00K | ||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $490.0K | $500.0K | $1.022M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $490.0K | $500.0K | $1.020M |
YoY Change | -15.52% | -50.98% | 92.45% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$4.811M | ||
YoY Change | |||
Common Stock | $15.11K | $3.354K | |
YoY Change | 341.1% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $8.435M | $3.870M | $5.460M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.540M | $4.380M | $6.483M |
YoY Change | 71.96% | -32.41% | 1520.68% |
Cashflow Statement
Concept | 2020 Q4 | 2020 | 2019 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.435M | -$4.655M | -$850.0K |
YoY Change | 9.85% | 114.3% | 23.19% |
Depreciation, Depletion And Amortization | $0.00 | $500.00 | $0.00 |
YoY Change | -1.96% | ||
Cash From Operating Activities | -$1.320M | -$4.347M | -$1.060M |
YoY Change | 25.71% | 55.66% | 107.84% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | -$1.500M | |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.439M | ||
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 | $6.579M | $1.978M | |
YoY Change | -76.39% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $6.579M | $1.981M | 6.700M |
YoY Change | -65890.0% | -76.35% | 1164.15% |
NET CHANGE | |||
Cash From Operating Activities | -$1.320M | -$4.347M | -1.060M |
Cash From Investing Activities | $0.00 | $0.00 | -1.500M |
Cash From Financing Activities | $6.579M | $1.981M | 6.700M |
Net Change In Cash | $5.259M | -$2.366M | 4.140M |
YoY Change | -601.2% | -157.93% | 20600.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.320M | -$4.347M | -$1.060M |
Capital Expenditures | $0.00 | -$1.500M | |
Free Cash Flow | -$4.347M | $440.0K | |
YoY Change | 236.28% | -186.27% |
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7863 | USD |
CY2019 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
18276 | USD |
CY2020 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-4710 | USD |
CY2019 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-17228 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1980736 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8377427 | USD |
CY2020 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
84753 | USD |
CY2019 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
2478 | USD |
CY2020 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2281893 | USD |
CY2019 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
4086541 | USD |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
CY2019 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2019 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2019 | artl |
Common Shares Issued For Deposit Of Acquisition Of License
CommonSharesIssuedForDepositOfAcquisitionOfLicense
|
539417 | USD |
CY2019 | us-gaap |
Stock Issued1
StockIssued1
|
13 | USD |
CY2020 | artl |
Common Shares Issued For Acquisition Of License Offset Against Stock Payable
CommonSharesIssuedForAcquisitionOfLicenseOffsetAgainstStockPayable
|
539417 | USD |
CY2020 | artl |
Common Shares Issued For Settlement Of Stock Payable
CommonSharesIssuedForSettlementOfStockPayable
|
100000 | USD |
CY2020 | artl |
Additional Issuance Series D Shares Per Terms Subscription Agreements
AdditionalIssuanceSeriesDSharesPerTermsSubscriptionAgreements
|
7 | USD |
CY2020 | artl |
Cancellation Of Common Shares
CancellationOfCommonShares
|
6 | USD |
CY2020 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><strong>NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS</strong></span></span></span></span></span></span></p><p style="MARGIN:0px"> </p><p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>ARTELO BIOSCIENCES, INC. (“we”, “us”, “our”, the “Company”) is a Nevada corporation incorporated on May 2, 2011 and 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></span></span></span></span></p><p style="MARGIN:0px"> </p><p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>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></span></span></span></span></p><p style="MARGIN:0px;text-align:justify"> </p><div><div><p style="margin:0px;text-align:justify;font-family:times new roman;font-size:10pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">We are a clinical stage biopharmaceutical company focused on developing and commercializing treatments intended to modulate the endocannabinoid system.</span></span></p><p style="margin:0px;text-align:justify;font-family:times new roman;font-size:10pt"> </p><p style="margin:0px;text-align:justify;font-family:times new roman;font-size:10pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><em>Liquidity</em></span></span></p><p style="margin:0px;text-align:justify;font-family:times new roman;font-size:10pt"> </p><p style="margin:0px;text-align:justify;font-family:times new roman;font-size:10pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company has incurred losses for the past several years and a net loss of $4.7 million during the year ended August 31, 2020. Subsequent to August 31, 2020, we completed a public offering for net proceeds of approximately $6.6 million, which substantially increased our cash and cash equivalents and improved our working capital position (Note 9). Consequently, our existing cash resources and cash received from the public offering are expected to provide sufficient funds to carry out our planned operations for 12 months from the date that our consolidated financial statements are issued.</span></span></p><p style="margin:0px;text-align:justify;font-family:times new roman;font-size:10pt"> </p><p style="margin:0px;font-family:times new roman;font-size:10pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Our continuation as a <span>going </span>concern<span style="background:white"> for a period beyond those 12 months will be dependent upon our ability to obtain adequate additional financing, as our operations are capital intensive, and future capital expenditures and additional working capital are expected. The Company's independent registered public accounting firm expressed in its report on the Company's financial statements for the year ended August 31, 2019 that there was substantial doubt about the Company's ability to continue as a going concern. Based on management's plans and the significant capital raised on October 14, 2020, that substantial doubt has been alleviated.</span></span></span></p><p style="margin:0px;text-align:justify;font-family:times new roman;font-size:10pt"> </p></div></div><p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><i>Reverse stock split</i></span></span></span></span></span></span></p><p style="MARGIN:0px;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span>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></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><em><span><span>Covid 19</span></span></em></span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"> </p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>As the COVID-19 pandemic is still evolving at this time and much of its impact remains unknown, the Company is not able to predict the impact it may have on the development of its product candidates and business. The severity of the COVID-19 pandemic could also negatively impact the Company’s access to its existing supply chain by delaying the delivery of key raw materials used in its product candidates and therefore delay the delivery of such products for use in its clinical trials. Any of these results could have a material adverse impact to our business.</span></span></span></span></p> | |
CY2020 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
6600000 | USD |
CY2020 | us-gaap |
Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
|
straight-line method | |
CY2020 | artl |
Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
|
0 | USD |
CY2020 | artl |
Number Of Warrant Granted
NumberOfWarrantGranted
|
0 | shares |
CY2020 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div><p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong><i>Use of Estimates</i></strong></span></span></p><p style="MARGIN:0px"> </p><p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</span></span></p></div> | |
CY2020 | artl |
Weighted Average Number Of Diluted Instruments
WeightedAverageNumberOfDilutedInstruments
|
2616771 | shares |
CY2019 | artl |
Weighted Average Number Of Diluted Instruments
WeightedAverageNumberOfDilutedInstruments
|
2568937 | shares |
CY2019 | artl |
Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
|
7.51 | USD |
CY2020 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div><p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong><i>Concentrations of Credit Risk</i></strong></span></span></p><p style="MARGIN:0px"> </p><p style="MARGIN:0px;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.</span></span></p></div> | |
CY2019 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
52000 | USD |
CY2020 | artl |
Unamortized Stock Base Compensation
UnamortizedStockBaseCompensation
|
33833 | USD |
CY2020 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"><em><strong>Reclassification of Prior Year Amounts</strong></em></p><p style="margin:0pt"> </p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif">Certain prior year amounts in the Consolidated Statements of Operations and Comprehensive Loss have been reclassified to conform with current year presentation.</p></div> | |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
42000 | USD |
CY2019Q2 | artl |
Number Of Warrant Purchase
NumberOfWarrantPurchase
|
1 | Warrant |
CY2019Q2 | artl |
Number Of Purchase Common Stock Shares
NumberOfPurchaseCommonStockShares
|
1 | Warrant |
CY2019Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
6.4575 | |
CY2019Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1300813 | shares |
CY2018Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
495306 | shares |
CY2019Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2334937 | shares |
CY2020Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2334937 | shares |
CY2018Q3 | artl |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
10.40 | USD |
CY2019Q3 | artl |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
8.12 | USD |
CY2020Q3 | artl |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
8.12 | USD |
CY2018 | artl |
Warrants Weighted Average Life
WarrantsWeightedAverageLife
|
P4Y2M23D | |
CY2019 | artl |
Warrants Weighted Average Life
WarrantsWeightedAverageLife
|
P4Y3M18D | |
CY2020 | artl |
Warrants Weighted Average Life
WarrantsWeightedAverageLife
|
P3Y3M18D | |
CY2019 | artl |
Number Of Warrant Granted
NumberOfWarrantGranted
|
1839631 | shares |
CY2019 | artl |
Warrant Weighted Average Life Granted
WarrantWeightedAverageLifeGranted
|
P4Y10M6D | |
CY2019 | artl |
Number Of Warrant Forfeited
NumberOfWarrantForfeited
|
0 | shares |
CY2020 | artl |
Number Of Warrant Forfeited
NumberOfWarrantForfeited
|
0 | shares |
CY2019 | artl |
Weighted Average Exercise Price Forfeited
WeightedAverageExercisePriceForfeited
|
0 | USD |
CY2020 | artl |
Weighted Average Exercise Price Forfeited
WeightedAverageExercisePriceForfeited
|
0 | USD |
CY2019 | artl |
Weighted Average Exercise Price Exercised
WeightedAverageExercisePriceExercised
|
0 | USD |
CY2020 | artl |
Weighted Average Exercise Price Exercised
WeightedAverageExercisePriceExercised
|
0 | USD |
CY2019 | artl |
Number Of Warrant Exercised
NumberOfWarrantExercised
|
0 | shares |
CY2020 | artl |
Number Of Warrant Exercised
NumberOfWarrantExercised
|
0 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
184000 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
74000 | shares |
CY2020Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | USD |
CY2019Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | USD |
CY2020 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2020 | 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 |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0167 | pure |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0140 | pure |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
50000 | shares |
CY2019Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
234000 | shares |
CY2020Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
281834 | shares |
CY2018Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
10.80 | |
CY2019Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
3.88 | |
CY2020Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
3.57 | |
CY2018 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y11M19D | |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y9M10D | |
CY2020 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y10M24D | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.01 | |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.48 | |
CY2019 | artl |
Share Based Payment Stock Option Granted Weighted Average Remaining Life
ShareBasedPaymentStockOptionGrantedWeightedAverageRemainingLife
|
P10Y | |
CY2020 | artl |
Share Based Payment Stock Option Granted Weighted Average Remaining Life
ShareBasedPaymentStockOptionGrantedWeightedAverageRemainingLife
|
P10Y | |
CY2019 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2020 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
0 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
26166 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
3.31 | |
CY2020 | artl |
Share Based Payment Stock Option Forfeited Canceled Weighted Average Remaining Life
ShareBasedPaymentStockOptionForfeitedCanceledWeightedAverageRemainingLife
|
P9Y6M29D | |
CY2020Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.57 | |
CY2020Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
151505 | shares |
CY2020Q3 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
3.92 | |
CY2020Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
8559733 | USD |
CY2020Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1797544 | USD |
CY2019Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1058724 | USD |
CY2020Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1797544 | USD |
CY2019Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1058724 | USD |
CY2020Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2019Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |