$ATXI
Avenue Therapeutics Inc Stock $atxi

$atxi Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000114420417042457 Filed on August 11, 2017

Income Statement

Concept	2017 Q3	2017 Q2	2016 Q2
Revenue	$0.00	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$850.0K	$1.300M	$220.0K
YoY Change	325.0%	490.91%
% of Gross Profit
Research & Development	$2.000M	$447.0K	$421.0K
YoY Change	992.9%	6.18%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$2.848M	$1.744M	$638.0K
YoY Change	643.6%	173.35%
Operating Profit	-$2.848M	-$1.744M	-$638.0K
YoY Change	643.6%	173.35%
Interest Expense	$106.0K	$93.00K	$87.00K
YoY Change	19.1%	6.9%
% of Operating Profit
Other Income/Expense, Net	-$100.0K	-$662.0K	-$133.0K
YoY Change	-37.89%	397.74%
Pretax Income	-$2.950M	-$2.410M	-$770.0K
YoY Change	446.3%	212.99%
Income Tax
% Of Pretax Income
Net Earnings	-$2.948M	-$2.406M	-$771.0K
YoY Change	441.91%	212.06%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	-$295.9K	-$289.0K	-$92.33K
COMMON SHARES
Basic Shares Outstanding	10.04M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q3	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$26.05M	$34.68M
YoY Change	86733.33%
Cash & Equivalents	$16.05M	$34.68M
Short-Term Investments	$10.00M
Other Short-Term Assets	$130.0K	$20.00K
YoY Change	333.33%
Inventory
Prepaid Expenses	$126.0K	$22.00K
Receivables
Other Receivables
Total Short-Term Assets	$26.18M	$34.71M
YoY Change	43533.33%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	-$4.000K	-$5.000K
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$26.18M	$34.71M
Total Long-Term Assets	-$4.000K	-$5.000K
Total Assets	$26.18M	$34.71M
YoY Change	43526.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.910M	$830.0K
YoY Change	377.5%
Accrued Expenses	$80.00K	$340.0K
YoY Change	-94.2%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$5.990M
YoY Change	-100.0%
Total Short-Term Liabilities	$1.990M	$7.155M
YoY Change	-58.19%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$390.0K
YoY Change	-100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$390.0K
YoY Change	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.990M	$7.155M
Total Long-Term Liabilities	$0.00	$390.0K
Total Liabilities	$1.990M	$7.549M
YoY Change	-73.64%
SHAREHOLDERS EQUITY
Retained Earnings	-$14.42M	-$11.47M
YoY Change
Common Stock	$38.60M	$38.63M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$24.19M	$27.16M
YoY Change
Total Liabilities & Shareholders Equity	$26.18M	$34.71M
YoY Change	43526.67%

Cashflow Statement

Concept	2017 Q3	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	-$2.948M	-$2.406M	-$771.0K
YoY Change	441.91%	212.06%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$1.870M	-$630.0K	-$240.0K
YoY Change	325.0%	162.5%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$10.00M
YoY Change
Cash From Investing Activities	-$10.00M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-6.750M	35.30M	250.0K
YoY Change	-1600.0%	14020.0%
NET CHANGE
Cash From Operating Activities	-1.870M	-630.0K	-240.0K
Cash From Investing Activities	-10.00M
Cash From Financing Activities	-6.750M	35.30M	250.0K
Net Change In Cash	-18.62M	34.67M	10.00K
YoY Change	-186300.0%	346600.0%
FREE CASH FLOW
Cash From Operating Activities	-$1.870M	-$630.0K	-$240.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q2	us-gaap	Assets Assets	34705000	USD
CY2016Q4	us-gaap	Assets Assets	197000	USD
CY2017Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	826000	USD
CY2016Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	506000	USD
CY2017Q2	atxi	Accruedexpensesrelatedpartycurrent Accruedexpensesrelatedpartycurrent	167000	USD
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001644963
CY2017Q2	us-gaap	Cash Cash	34683000	USD
CY2016Q4	us-gaap	Cash Cash	197000	USD
CY2015Q4	us-gaap	Debt Instrument Decrease Forgiveness DebtInstrumentDecreaseForgiveness	3000000	USD
	dei	Trading Symbol TradingSymbol	ATXI
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Registrant Name EntityRegistrantName	AVENUE THERAPEUTICS, INC.
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	10041008	shares
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q2	us-gaap	Interest Payable Current InterestPayableCurrent	56000	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	57000	USD
CY2017Q2	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	3486000	USD
CY2016Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	2848000	USD
CY2017Q2	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	2500000	USD
CY2016Q4	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	1000000	USD
CY2017Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	0	USD
CY2016Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	314000	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	7155000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	6419000	USD
CY2017Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	0	USD
CY2016Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	200000	USD
CY2017Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	394000	USD
CY2016Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	1826000	USD
CY2017Q2	us-gaap	Liabilities Liabilities	7549000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	8445000	USD
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	1000	USD
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	1000	USD
CY2017Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	447000	USD
CY2016Q4	atxi	Accruedexpensesrelatedpartycurrent Accruedexpensesrelatedpartycurrent	1348000	USD
CY2017Q2	atxi	Accruedinterestrelatedpartycurrent Accruedinterestrelatedpartycurrent	120000	USD
CY2016Q4	atxi	Accruedinterestrelatedpartycurrent Accruedinterestrelatedpartycurrent	346000	USD
CY2017Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	38625000	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	421000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1297000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	217000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1744000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-638000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	93000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	87000	USD
CY2017Q2	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	20000	USD
CY2016Q2	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	46000	USD
CY2017Q2	atxi	Fair Value Adjustments Of Convertible Notes Payable FairValueAdjustmentsOfConvertibleNotesPayable	95000	USD
CY2016Q2	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	0	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-2406000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-771000	USD
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.70
CY2016Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.28
CY2017Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3459942	shares
CY2016Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2785865	shares
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	24000	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	948000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-3067000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1818000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	24000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	18000	USD
	atxi	Fair Value Adjustments Of Convertible Notes Payable FairValueAdjustmentsOfConvertibleNotesPayable	99000	USD
	atxi	Fair Value Adjustments Of Convertible Notes Payable FairValueAdjustmentsOfConvertibleNotesPayable	0	USD
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	451000	USD
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	89000	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	68000	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	60000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	320000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	69000	USD
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	451000	USD
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	396000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-1000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	0	USD
	atxi	Accrued Interest Related Party AccruedInterestRelatedParty	74000	USD
	atxi	Accrued Interest Related Party AccruedInterestRelatedParty	71000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-655000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1116000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	638000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1134000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	35141000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1134000	USD
	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	34486000	USD
	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	18000	USD
CY2015Q4	us-gaap	Cash Cash	14000	USD
CY2016Q2	us-gaap	Cash Cash	32000	USD
	us-gaap	Interest Paid InterestPaid	125000	USD
	us-gaap	Interest Paid InterestPaid	120000	USD
CY2016Q3	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	83333	shares
CY2016Q3	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.025	pure
CY2016	us-gaap	Research And Development In Process ResearchAndDevelopmentInProcess	49000	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	105000	USD
CY2017Q2	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	454000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-11470000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-8403000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	27156000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	-8248000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	34705000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	197000	USD
CY2017Q2	atxi	Common Stock Value Issuable CommonStockValueIssuable	0	USD
CY2016Q4	atxi	Common Stock Value Issuable CommonStockValueIssuable	49000	USD
CY2016Q2	atxi	Fair Value Adjustments Of Convertible Notes Payable FairValueAdjustmentsOfConvertibleNotesPayable	0	USD
CY2017Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	100000	USD
CY2016Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	70000	USD
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2017Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2017Q2	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	0	USD
CY2016Q4	us-gaap	Warrants Not Settleable In Cash Fair Value Disclosure WarrantsNotSettleableInCashFairValueDisclosure	314000	USD
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10041008	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3257936	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10041008	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3257936	shares
CY2017Q2	atxi	Common Stock Shares Issuable CommonStockSharesIssuable	0	shares
CY2016Q4	atxi	Common Stock Shares Issuable CommonStockSharesIssuable	83532	shares
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	580000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	985000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1668000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	493000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2248000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1478000	USD
	us-gaap	Interest Expense InterestExpense	188000	USD
	us-gaap	Interest Expense InterestExpense	172000	USD
	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	81000	USD
	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	79000	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.95
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.66
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3242602	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2761367	shares
	us-gaap	Use Of Estimates UseOfEstimates	<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"> </div> <b><i><font style="FONT-SIZE: 10pt"><b><i><font style="FONT-SIZE: 10pt"><b><i><font style="FONT-SIZE: 10pt"><b><i><font style="FONT-SIZE: 10pt"><b><i><font style="FONT-SIZE: 10pt"><b><i><font style="FONT-SIZE: 10pt"><b><i><font style="FONT-SIZE: 10pt"></font></i></b></font></i></b></font></i></b></font></i></b></font></i></b></font></i></b></font></i></b> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><b><i><font style="FONT-SIZE: 10pt"><strong> <i>Use of Estimates</i></strong></font></i></b></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt"> <strong><i> </i></strong></font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.2pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	948000	USD
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	0	USD
	us-gaap	Derivatives Reporting Of Derivative Activity DerivativesReportingOfDerivativeActivity	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 14.3pt; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><i><font style="FONT-SIZE: 10pt">Valuation of Warrant Related to NSC Note</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 14.3pt; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"></font></font></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.2pt; MARGIN: 0in 0in 0pt" align="justify">In accordance with Accounting Standards Codification (“ASC”) 815 <i>Derivatives and Hedging</i>, the Company classified the fair value of the warrant (“Contingently Issuable Warrants”) that it may be obligated to issue to National Securities, Inc. (“NSC”), in connection with the transfer on October 31, 2015 of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.0</font> million of indebtedness to NSC, as a derivative liability as there was a potential that the Company would not have a sufficient number of authorized common shares available to settle this instrument. The Company valued these Contingently Issuable Warrants using a Black-Scholes model and used estimates for an expected dividend yield, a risk-free interest rate, and expected volatility together with management’s estimate of the probability of issuance of the Contingently Issuable Warrants. At each reporting period, as long as the Contingently Issuable Warrants were potentially issuable and there was a potential for an insufficient number of authorized shares available to settle the Contingently Issuable Warrants, the Contingently Issuable Warrants should be revalued and any difference from the previous valuation date would be recognized as a change in fair value in the Company’s statement of operations. On June 26, 2017, the warrants were issued (See Note 6). </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	22000	USD
CY2016Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	0	USD
	atxi	Stock Issued During Period Conversion Of Msa Fees Into Common Value StockIssuedDuringPeriodConversionOfMsaFeesIntoCommonValue	1000000	USD
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	34503000	USD
	atxi	Stock Issued During Period Issuance Of Warrants Under Nsc Note StockIssuedDuringPeriodIssuanceOfWarrantsUnderNscNote	750000	USD
	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	200000	USD
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	0	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	22000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1000	USD
CY2017Q2	us-gaap	Stockholders Equity Reverse Stock Split StockholdersEquityReverseStockSplit	3.0-to-1.0 reverse stock split
	us-gaap	Payments For Repurchase Of Initial Public Offering PaymentsForRepurchaseOfInitialPublicOffering	3447000	USD
	us-gaap	Payments For Repurchase Of Initial Public Offering PaymentsForRepurchaseOfInitialPublicOffering	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	37950000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	200000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	200000	USD
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	1000000	USD
	atxi	Warrants Issued WarrantsIssued	750000	USD
	atxi	Warrants Issued WarrantsIssued	0	USD
	atxi	Extinguishment Of Fortress Compensation Accrual ExtinguishmentOfFortressCompensationAccrual	632000	USD
	atxi	Extinguishment Of Fortress Compensation Accrual ExtinguishmentOfFortressCompensationAccrual	0	USD
	atxi	Interest On Fortress Note On Modification InterestOnFortressNoteOnModification	300000	USD
	atxi	Interest On Fortress Note On Modification InterestOnFortressNoteOnModification	0	USD
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	200000	USD
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	0	USD
	atxi	Change Fair Value Of Convertible Note Warrents ChangeFairValueOfConvertibleNoteWarrents	15000	USD
	atxi	Change Fair Value Of Convertible Note Warrents ChangeFairValueOfConvertibleNoteWarrents	0	USD
	atxi	Agreement Description Terms AgreementDescriptionTerms	(i) issue annually to Fortress, on the anniversary date of the Founders Agreement, shares of common stock equal to two and one half percent (2.5%) of the fully-diluted outstanding equity of Avenue at the time of issuance; (ii) pay an equity fee in shares of Avenue common stock, payable within five (5) business days of the closing of any equity or debt financing for Avenue or any of its respective subsidiaries that occurs after the effective date of the Founders Agreement and ending on the date when Fortress no longer has majority voting control in Avenues voting equity, equal to two and one half percent (2.5%) of the gross amount of any such equity or debt financing; and (iii) pay a cash fee equal to four and one half percent (4.5%) of Avenues annual net sales, payable on an annual basis, within ninety (90) days of the end of each calendar year. In the event of a change in control (as it is defined in the Founders Agreement), Fortress will be paid a one-time change in control fee equal to five (5x) times the product of (i) net sales for the twelve (12) months immediately preceding the change in control and (ii) four and one-half percent (4.5%).
	us-gaap	Interest Expense Debt InterestExpenseDebt	300000	USD
	atxi	Change In Fair Value Of Convertible Notes Warrants ChangeInFairValueOfConvertibleNotesWarrants	15000	USD
	atxi	Modification To Interest On Fortress Note ModificationToInterestOnFortressNote	300000	USD
	atxi	Change In Fair Value Of Convertible Notes Payable ChangeInFairValueOfConvertibleNotesPayable	99000	USD
	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	632000	USD
CY2017Q2	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	1.0	USD
CY2017Q2	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	166666	shares
CY2017Q2	us-gaap	Share Price SharePrice	6.00

Files In Submission

Name	View Source	Status
0001144204-17-042457-index-headers.html	Edgar Link	pending
0001144204-17-042457-index.html	Edgar Link	pending
0001144204-17-042457.txt	Edgar Link	pending
0001144204-17-042457-xbrl.zip	Edgar Link	pending
atxi-20170630.xml	Edgar Link	completed
atxi-20170630.xsd	Edgar Link	pending
atxi-20170630_cal.xml	Edgar Link	unprocessable
atxi-20170630_def.xml	Edgar Link	unprocessable
atxi-20170630_lab.xml	Edgar Link	unprocessable
atxi-20170630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v471746_10q.htm	Edgar Link	pending
v471746_ex31-1.htm	Edgar Link	pending
v471746_ex31-2.htm	Edgar Link	pending
v471746_ex32-1.htm	Edgar Link	pending
v471746_ex32-2.htm	Edgar Link	pending

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$ATXI
Avenue Therapeutics Inc Stock $atxi

2017 Q3 Form 10-Q Financial Statement

#000114420417042457 Filed on August 11, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATXI Avenue Therapeutics Inc Stock $atxi

2017 Q3 Form 10-Q Financial Statement

#000114420417042457 Filed on August 11, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATXI
Avenue Therapeutics Inc Stock $atxi