2017 Q2 Form 10-Q Financial Statement
#000114420417024996 Filed on May 08, 2017
Income Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
Revenue | $2.359M | $50.00M | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $3.800M | $4.040M | $3.160M |
YoY Change | 29.25% | 27.85% | -6.23% |
% of Gross Profit | |||
Research & Development | $12.13M | $10.57M | $8.120M |
YoY Change | 61.26% | 30.17% | 111.77% |
% of Gross Profit | |||
Depreciation & Amortization | $50.91K | $31.92K | $18.56K |
YoY Change | 182.86% | 71.98% | 33.47% |
% of Gross Profit | |||
Operating Expenses | $12.13M | $14.61M | $11.28M |
YoY Change | 61.26% | 29.52% | 194.18% |
Operating Profit | -$13.57M | -$13.93M | |
YoY Change | 29.78% | ||
Interest Expense | -$100.0K | $0.00 | $290.0K |
YoY Change | -133.33% | -100.0% | 383.33% |
% of Operating Profit | |||
Other Income/Expense, Net | -$101.1K | -$764.00 | |
YoY Change | -133.49% | ||
Pretax Income | -$13.67M | -$13.93M | -$10.99M |
YoY Change | 34.63% | 26.75% | 53.92% |
Income Tax | -$69.51K | ||
% Of Pretax Income | |||
Net Earnings | -$13.60M | -$13.93M | -$10.99M |
YoY Change | 33.95% | 26.78% | 53.79% |
Net Earnings / Revenue | -576.4% | -27.86% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$784.3K | -$806.6K | -$637.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 17.35M shares | 17.27M shares | 17.23M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $75.60M | $90.90M | $58.30M |
YoY Change | 19.06% | 55.92% | -39.33% |
Cash & Equivalents | $39.45M | $70.82M | $20.40M |
Short-Term Investments | $36.10M | $20.10M | $37.90M |
Other Short-Term Assets | $1.000M | $1.300M | $800.0K |
YoY Change | 66.67% | 62.5% | 181.85% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.114M | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $77.70M | $92.20M | $59.10M |
YoY Change | 21.22% | 56.01% | -38.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $100.0K | $200.0K | $100.0K |
YoY Change | 0.0% | 100.0% | -42.28% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $3.300M | $200.0K | $23.60M |
YoY Change | -71.05% | -99.15% | 23500.0% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $45.10M | $42.10M | $65.40M |
YoY Change | -15.07% | -35.63% | 55.85% |
TOTAL ASSETS | |||
Total Short-Term Assets | $77.70M | $92.20M | $59.10M |
Total Long-Term Assets | $45.10M | $42.10M | $65.40M |
Total Assets | $122.8M | $134.3M | $124.5M |
YoY Change | 4.78% | 7.87% | -9.98% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $700.0K | $1.900M | $2.300M |
YoY Change | -70.83% | -17.39% | 76.92% |
Accrued Expenses | $6.300M | $4.000M | $1.200M |
YoY Change | 142.31% | 233.33% | 36.75% |
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 | $12.00M | $11.00M | $3.600M |
YoY Change | 140.0% | 205.56% | 69.14% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $43.10M | $44.30M | |
YoY Change | |||
Total Long-Term Liabilities | $43.10M | $44.30M | $0.00 |
YoY Change | 271.55% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $12.00M | $11.00M | $3.600M |
Total Long-Term Liabilities | $43.10M | $44.30M | $0.00 |
Total Liabilities | $66.20M | $66.40M | $15.20M |
YoY Change | 298.8% | 336.84% | 10.95% |
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 | $56.50M | $67.90M | $109.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $122.8M | $134.3M | $124.5M |
YoY Change | 4.78% | 7.87% | -10.01% |
Cashflow Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$13.60M | -$13.93M | -$10.99M |
YoY Change | 33.95% | 26.78% | 53.79% |
Depreciation, Depletion And Amortization | $50.91K | $31.92K | $18.56K |
YoY Change | 182.86% | 71.98% | 33.47% |
Cash From Operating Activities | -$12.35M | $34.94M | -$9.210M |
YoY Change | 82.42% | -479.42% | 150.72% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $2.163K |
YoY Change | -100.0% | -92.96% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$19.12M | $6.660M | $2.500M |
YoY Change | -384.95% | 166.4% | |
Cash From Investing Activities | -$19.12M | $6.658M | $2.500M |
YoY Change | -384.95% | 166.32% | -8240.41% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 110.0K | $640.0K | 0.000 |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -12.35M | $34.94M | -9.210M |
Cash From Investing Activities | -19.12M | $6.658M | 2.500M |
Cash From Financing Activities | 110.0K | $640.0K | 0.000 |
Net Change In Cash | -31.36M | $42.24M | -6.710M |
YoY Change | 52166.67% | -729.55% | -110.02% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$12.35M | $34.94M | -$9.210M |
Capital Expenditures | $0.00 | $0.00 | $2.163K |
Free Cash Flow | -$12.35M | $34.94M | -$9.212M |
YoY Change | 82.42% | -479.33% | 148.7% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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|
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Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
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Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
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Depreciation
Depreciation
|
31916 | USD |
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Depreciation
Depreciation
|
18558 | USD |
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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Net Cash Provided By Used In Operating Activities Continuing Operations
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Cash And Cash Equivalents Period Increase Decrease
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|
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Cash And Cash Equivalents At Carrying Value
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Increase Decrease In Accrued Liabilities
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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|
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Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
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Increase Decrease In Security Deposits
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|
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Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
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|
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Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
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|
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Accrued Offering Cost Related To Issuance Of Common Stock
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|
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Accrued Offering Cost Related To Issuance Of Common Stock
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Payments To Acquire Marketable Securities
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|
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Payments To Acquire Marketable Securities
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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Lease And Rental Expense
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|
300000 | USD |
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Lease And Rental Expense
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|
300000 | USD |
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Property Plant And Equipment Gross
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|
409285 | USD |
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Property Plant And Equipment Gross
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|
409285 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
226514 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
194598 | USD |
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Employee Related Liabilities Current
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Accrued Research And Development Expenses Current
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|
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Accrued Research And Development Expenses Current
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|
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Accured General And Administrative Expenses Current
AccuredGeneralAndAdministrativeExpensesCurrent
|
1061853 | USD |
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Accured General And Administrative Expenses Current
AccuredGeneralAndAdministrativeExpensesCurrent
|
710412 | USD |
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Accrued Vacation Current
AccruedVacationCurrent
|
241737 | USD |
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Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
27287602 | USD |
CY2016Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
26824156 | USD |
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Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
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|
9610 | USD |
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Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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Available For Sale Securities
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Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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|
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Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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|
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Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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|
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Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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|
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Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
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|
401257 | USD |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1224647 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
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|
640017 | USD |
CY2017Q1 | us-gaap |
Trading Securities Unrealized Holding Gain Loss
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|
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Allocated Share Based Compensation Expense
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|
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Allocated Share Based Compensation Expense
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|
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|
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Future Stock Based Compensation Expense Current
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|
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Future Stock Based Compensation Expense Year Two
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|
3811811 | USD |
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Future Stock Based Compensation Expense Year Three
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|
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Future Stock Based Compensation Expense Year Four
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|
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Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y7M6D | |
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Document Type
DocumentType
|
10-Q | |
CY2017Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2017Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-03-31 | |
CY2017Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | |
CY2017Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2017Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
ASSEMBLY BIOSCIENCES, INC. | |
CY2017Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001426800 | |
CY2017Q1 | dei |
Current Fiscal Year End Date
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|
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Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2017Q1 | dei |
Trading Symbol
TradingSymbol
|
ASMB | |
CY2017Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
17346103 | shares |
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Deferred Revenue Current
DeferredRevenueCurrent
|
4995894 | USD |
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Deferred Revenue Current
DeferredRevenueCurrent
|
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Deferred Revenue Noncurrent
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|
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Deferred Revenue Noncurrent
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|
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
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Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
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Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
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Preferred Stock Shares Issued
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|
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Common Stock Shares Authorized
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|
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Common Stock Shares Issued
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Common Stock Shares Issued
CommonStockSharesIssued
|
17246754 | shares |
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17246754 | shares |
CY2016Q1 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
0 | USD |
CY2017Q1 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
684369 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Deferred Revenue
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|
49315631 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
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Use Of Estimates
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|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><strong>Use of Estimates</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0in 0in 0pt" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify">Significant estimates inherent in the preparation of the accompanying financial statements include recoverability and useful lives (indefinite or finite) of intangible assets, assessment of impairment of goodwill, and the fair value of stock options and warrants granted to employees, consultants, directors, investors, licensors, placement agents and underwriters. In addition, with the Company entering to the Collaboration Agreement, the Company believes its condensed consolidated financial statements are also impacted by the following accounting estimates and judgments: (i) identifying deliverables under collaboration agreements involving multiple elements and determining whether such deliverables are separable from other aspects of the contractual relationship; (ii) estimating the selling price of deliverables for the purpose of allocating arrangement consideration for revenue recognition; and (iii) estimating the periods over which the allocated consideration for deliverables is recognized.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0in 0in 0pt" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify">The Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2017Q1 | us-gaap |
Licenses Revenue
LicensesRevenue
|
50000000 | USD |
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|
5138 | USD |
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Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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|
11200000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
600000 | USD |
CY2017Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
16909 | shares |
CY2017Q1 | asmb |
Deferred Revenueamortization Period Over Service Tenure
DeferredRevenueamortizationPeriodOverServiceTenure
|
P10Y | |
CY2017Q1 | asmb |
Sharebased Compensation Arrangement By Sharebased Payment Award Forfeiture Rate
SharebasedCompensationArrangementBySharebasedPaymentAwardForfeitureRate
|
0 | pure |