2022 Q1 Form 10-K Financial Statement
#000162828022004671 Filed on March 02, 2022
Income Statement
Concept | 2022 Q1 | 2021 | 2020 Q4 |
---|---|---|---|
Revenue | $1.173M | $5.398M | $1.496M |
YoY Change | 147.99% | -19.42% | 157.96% |
Cost Of Revenue | $720.0K | $1.491M | $79.42K |
YoY Change | 835.06% | 397.0% | 58.84% |
Gross Profit | $453.0K | $3.907M | $1.417M |
YoY Change | 14.39% | -38.94% | 162.36% |
Gross Profit Margin | 38.62% | 72.38% | 94.69% |
Selling, General & Admin | $11.68M | $24.66M | $4.618M |
YoY Change | 118.56% | 24.79% | 52.92% |
% of Gross Profit | 2579.25% | 631.12% | 325.96% |
Research & Development | $9.584M | $59.84M | $12.64M |
YoY Change | 283.36% | 85.86% | 334.36% |
% of Gross Profit | 2115.67% | 1531.48% | 892.17% |
Depreciation & Amortization | $67.00K | $1.657M | $538.3K |
YoY Change | -85.14% | -10.09% | -11.75% |
% of Gross Profit | 14.79% | 42.41% | 37.99% |
Operating Expenses | $21.27M | $84.49M | $17.76M |
YoY Change | 171.07% | 62.64% | 184.09% |
Operating Profit | -$20.85M | -$82.13M | -$16.34M |
YoY Change | -31.81% | 12.75% | 186.15% |
Interest Expense | -$1.169M | -$2.391M | $48.87K |
YoY Change | -6976.47% | -4979.59% | -62.41% |
% of Operating Profit | |||
Other Income/Expense, Net | -$1.189M | -$2.411M | -$37.04K |
YoY Change | -7094.12% | -142.55% | -47.09% |
Pretax Income | -$22.04M | -$84.55M | -$16.33M |
YoY Change | -27.88% | 25.86% | 188.47% |
Income Tax | $9.000K | -$196.0K | -$185.4K |
% Of Pretax Income | |||
Net Earnings | -$22.10M | -$84.40M | -$15.64M |
YoY Change | -27.97% | 32.91% | -1065.6% |
Net Earnings / Revenue | -1884.06% | -1563.54% | -1045.5% |
Basic Earnings Per Share | -$2.35 | ||
Diluted Earnings Per Share | -$2.346M | -$10.14M | -$208.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 112.8M shares | 74.91M shares | |
Diluted Shares Outstanding | 9.400M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 | 2020 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $38.47M | $54.59M | $18.92M |
YoY Change | 0.46% | 188.51% | 68.32% |
Cash & Equivalents | $38.50M | $54.59M | $18.92M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $2.782M | $2.423M | $2.697M |
YoY Change | 6.26% | -10.17% | 119.3% |
Inventory | $25.00K | $38.00K | $3.000K |
Prepaid Expenses | |||
Receivables | $938.0K | $1.060M | $2.177M |
Other Receivables | $1.445M | $3.739M | $2.208M |
Total Short-Term Assets | $43.66M | $61.85M | $26.01M |
YoY Change | -5.29% | 137.82% | 46.72% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.604M | $2.695M | $1.607M |
YoY Change | 70.2% | 67.7% | 11.01% |
Goodwill | $14.41M | $14.41M | |
YoY Change | 0.0% | 0.0% | |
Intangibles | $0.00 | $1.585M | |
YoY Change | -100.0% | -34.67% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.227M | $1.227M | $148.6K |
YoY Change | 723.49% | 725.48% | 48.64% |
Total Long-Term Assets | $18.24M | $18.37M | $17.75M |
YoY Change | 5.75% | 3.49% | -3.45% |
TOTAL ASSETS | |||
Total Short-Term Assets | $43.66M | $61.85M | $26.01M |
Total Long-Term Assets | $18.24M | $18.37M | $17.75M |
Total Assets | $61.90M | $80.21M | $43.76M |
YoY Change | -2.28% | 83.32% | 21.17% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.757M | $3.369M | $2.574M |
YoY Change | -68.46% | 30.91% | 23.9% |
Accrued Expenses | $13.70M | $16.14M | $11.31M |
YoY Change | -3.81% | 42.74% | 103.05% |
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 | $17.89M | $19.89M | $15.23M |
YoY Change | -32.12% | 30.63% | 25.2% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $33.18M | $32.83M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $2.358M | $4.298M | $1.878M |
YoY Change | 37.17% | 10.82% | 68.89% |
Total Long-Term Liabilities | $2.358M | $37.13M | $1.878M |
YoY Change | 37.17% | 857.38% | 68.89% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $17.89M | $19.89M | $15.23M |
Total Long-Term Liabilities | $2.358M | $37.13M | $1.878M |
Total Liabilities | $55.56M | $57.13M | $19.19M |
YoY Change | 84.02% | 197.66% | 26.99% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$284.2M | -$177.8M | |
YoY Change | 36.31% | 55.56% | |
Common Stock | $113.0K | $75.00K | |
YoY Change | 26.97% | 68.98% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.342M | $23.08M | $24.56M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $61.90M | $80.21M | $43.76M |
YoY Change | -2.28% | 83.32% | 21.17% |
Cashflow Statement
Concept | 2022 Q1 | 2021 | 2020 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$22.10M | -$84.40M | -$15.64M |
YoY Change | -27.97% | 32.91% | -1065.6% |
Depreciation, Depletion And Amortization | $67.00K | $1.657M | $538.3K |
YoY Change | -85.14% | -10.09% | -11.75% |
Cash From Operating Activities | -$16.10M | -$70.90M | -$14.38M |
YoY Change | -12.1% | 74.89% | 755.7% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $113.0K | $0.00 |
YoY Change | -100.0% | 79.37% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$391.2K | |
YoY Change | -100.0% | 117.32% | |
Cash From Investing Activities | $0.00 | -$113.0K | -$391.2K |
YoY Change | -100.0% | -101.02% | 117.32% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $29.05M | ||
YoY Change | -18.01% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $0.00 | $106.8M | 201.0K |
YoY Change | -100.0% | 138.39% | 43.59% |
NET CHANGE | |||
Cash From Operating Activities | -$16.10M | -$70.90M | -14.38M |
Cash From Investing Activities | $0.00 | -$113.0K | -391.2K |
Cash From Financing Activities | $0.00 | $106.8M | 201.0K |
Net Change In Cash | -$16.07M | $35.76M | -14.57M |
YoY Change | -182.45% | 132.54% | 746.85% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$16.10M | -$70.90M | -$14.38M |
Capital Expenditures | $0.00 | $113.0K | $0.00 |
Free Cash Flow | -$16.10M | -$71.01M | -$14.38M |
YoY Change | -12.2% | 74.9% | 755.7% |
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2826000 | USD |
CY2020 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2341000 | USD |
CY2021 | avtx |
Amortization Of Intangible Assets Continuing Operations
AmortizationOfIntangibleAssetsContinuingOperations
|
1548000 | USD |
CY2020 | avtx |
Amortization Of Intangible Assets Continuing Operations
AmortizationOfIntangibleAssetsContinuingOperations
|
1741000 | USD |
CY2021 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
87532000 | USD |
CY2020 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
79542000 | USD |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-82134000 | USD |
CY2020 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-72843000 | USD |
CY2021 | us-gaap |
Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
|
0 | USD |
CY2020 | us-gaap |
Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
|
5208000 | USD |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-20000 | USD |
CY2020 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
409000 | USD |
CY2021 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-2391000 | USD |
CY2020 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
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CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2411000 | USD |
CY2020 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
5666000 | USD |
CY2021 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-84545000 | USD |
CY2020 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-67177000 | USD |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-196000 | USD |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2793000 | USD |
CY2021 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-84349000 | USD |
CY2020 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-64384000 | USD |
CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-27000 | USD |
CY2020 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
884000 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-84376000 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-63500000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20996000 | USD |
CY2020 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | USD |
CY2020 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
15496000 | USD |
CY2020 | avtx |
Issuance Of Shares Value Pursuant To Registered Direct Offering
IssuanceOfSharesValuePursuantToRegisteredDirectOffering
|
5136000 | USD |
CY2020 | avtx |
Stock Issued During Period Value New Issues Private Placement
StockIssuedDuringPeriodValueNewIssuesPrivatePlacement
|
3888000 | USD |
CY2020 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
35428000 | USD |
CY2020 | avtx |
Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
|
114000 | USD |
CY2020 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
94000 | USD |
CY2020 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
312000 | USD |
CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
6786000 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-63500000 | USD |
CY2021 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
366000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24562000 | USD |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
37653000 | USD |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
861000 | USD |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
1000 | USD |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1567000 | USD |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
8172000 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-84376000 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-84376000 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23082000 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-84376000 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-63500000 | USD |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8172000 | USD |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6786000 | USD |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1657000 | USD |
CY2020 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1843000 | USD |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
794000 | USD |
CY2020 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD |
CY2021 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-22000 | USD |
CY2020 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-197000 | USD |
CY2021 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
0 | USD |
CY2020 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
25549000 | USD |
CY2021 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
0 | USD |
CY2020 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
5208000 | USD |
CY2021 | avtx |
Disposal Group Including Discontinued Operation Change In Fair Value Of Guarantee
DisposalGroupIncludingDiscontinuedOperationChangeInFairValueOfGuarantee
|
0 | USD |
CY2020 | avtx |
Disposal Group Including Discontinued Operation Change In Fair Value Of Guarantee
DisposalGroupIncludingDiscontinuedOperationChangeInFairValueOfGuarantee
|
1755000 | USD |
CY2021 | avtx |
Fair Value Adjustment Of Warrants And Investor Rights Obligation
FairValueAdjustmentOfWarrantsAndInvestorRightsObligation
|
0 | USD |
CY2020 | avtx |
Fair Value Adjustment Of Warrants And Investor Rights Obligation
FairValueAdjustmentOfWarrantsAndInvestorRightsObligation
|
-14000 | USD |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1117000 | USD |
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
678000 | USD |
CY2021 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
1531000 | USD |
CY2020 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
2107000 | USD |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
1000000 | USD |
CY2020 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
0 | USD |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
35000 | USD |
CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-18000 | USD |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-287000 | USD |
CY2020 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1859000 | USD |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
796000 | USD |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
99000 | USD |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | USD |
CY2020 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
288000 | USD |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
3250000 | USD |
CY2020 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-196000 | USD |
CY2021 | avtx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-45000 | USD |
CY2020 | avtx |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-2000 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-70892000 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-40539000 | USD |
CY2021 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
0 | USD |
CY2020 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
12837000 | USD |
CY2021 | avtx |
Payments For Asset Acquisitions
PaymentsForAssetAcquisitions
|
0 | USD |
CY2020 | avtx |
Payments For Asset Acquisitions
PaymentsForAssetAcquisitions
|
1642000 | USD |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
113000 | USD |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
63000 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-113000 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
11132000 | USD |
CY2021 | avtx |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
37653000 | USD |
CY2020 | avtx |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
0 | USD |
CY2021 | avtx |
Proceeds From Venture Debt Financing Agreement
ProceedsFromVentureDebtFinancingAgreement
|
32900000 | USD |
CY2020 | avtx |
Proceeds From Venture Debt Financing Agreement
ProceedsFromVentureDebtFinancingAgreement
|
0 | USD |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
29046000 | USD |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
35428000 | USD |
CY2021 | avtx |
Proceeds From Issuance Of Common Stock Through Atm Program
ProceedsFromIssuanceOfCommonStockThroughATMProgram
|
5230000 | USD |
CY2020 | avtx |
Proceeds From Issuance Of Common Stock Through Atm Program
ProceedsFromIssuanceOfCommonStockThroughATMProgram
|
0 | USD |
CY2021 | avtx |
Proceeds From Registered Direct Offering
ProceedsFromRegisteredDirectOffering
|
0 | USD |
CY2020 | avtx |
Proceeds From Registered Direct Offering
ProceedsFromRegisteredDirectOffering
|
5136000 | USD |
CY2021 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
0 | USD |
CY2020 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3888000 | USD |
CY2021 | avtx |
Proceeds From Option Or Warrant Exercises
ProceedsFromOptionOrWarrantExercises
|
1567000 | USD |
CY2020 | avtx |
Proceeds From Option Or Warrant Exercises
ProceedsFromOptionOrWarrantExercises
|
114000 | USD |
CY2021 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
366000 | USD |
CY2020 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
312000 | USD |
CY2021 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | USD |
CY2020 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
94000 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
106762000 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
44784000 | USD |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
35757000 | USD |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
15377000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19106000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3729000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54863000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19106000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54863000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19106000 | USD |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1585000 | USD |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
474000 | USD |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1373000 | USD |
CY2020 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
376000 | USD |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
0 | USD |
CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
15496000 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
54585000 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
18919000 | USD |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
51000 | USD |
CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
38000 | USD |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
227000 | USD |
CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
149000 | USD |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-262200000 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-70900000 | USD |
CY2021 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Business<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Avalo Therapeutics, Inc. (the “Company” or “Avalo”) is a leading clinical-stage precision medicine company that discovers, develops, and commercializes targeted therapeutics for patients with significant unmet clinical need in immunology and rare genetic diseases. The Company has built a diverse portfolio of innovative therapies to deliver meaningful medical impact for patients in urgent need. Avalo’s clinical candidates commonly have a proven mechanistic rationale, biomarkers and/or an established proof-of-concept to expedite and increase the probability of success.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In August 2021, the Company changed its corporate name change from Cerecor Inc. to Avalo Therapeutics, Inc. and merged certain wholly-owned subsidiaries into the Company to consolidate its corporate structure. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Avalo was incorporated and commenced operation in 2011 and completed its initial public offering in October 2015.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Liquidity </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2021, Avalo had $54.6 million in cash and cash equivalents. In 2021, the Company closed three equity offerings for net proceeds of approximately $72.0 million (see Note 12 to the consolidated financial statements for more information). In June 2021, the Company entered into a $35 million venture debt financing agreement (the “Loan Agreement”) with Horizon Technology Finance Corporation (“Horizon”) and Powerscourt Investments XXV, LP (“Powerscourt”, together with Horizon, the “Lenders”). As of December 31, 2021, the Company had received the full $35 million. The Loan Agreement contains certain covenants and certain other specified events that could result in an event of default, which if not cured or waived, could result in the immediate acceleration of all or a substantial portion of the notes. As of the filing date of this Annual Report on Form 10-K, the Company was not aware of any breach of covenants, occurrence of material adverse change, nor had it received any notice of event of default from the Lenders (see Note 11 to the consolidated financial statements for more information). </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to meet its cash flow needs, the Company applies a disciplined decision-making methodology as it evaluates the optimal allocation of the Company’ resources between investing in the Company’s existing pipeline assets and acquisitions or in-licensing of new assets. For the year ended December 31, 2021, Avalo generated a net loss of $84.4 million and negative cash flows from operations of $70.9 million. As of December 31, 2021, Avalo had an accumulated deficit of $262.2 million. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern; however, losses are expected to continue as the Company continues to invest in its research and development pipeline assets. The Company will require additional financing to fund its operations and to continue to execute its business strategy at least one year after the date the financial statements included herein were issued. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To mitigate these conditions and to meet the Company’s capital requirements, management plans to use its current cash on hand along with some combination of the following: (i) dilutive and/or non-dilutive financings, (ii) federal and/or private grants, (iii) other out-licensing or strategic alliances/collaborations of its current pipeline assets, and (iv) out-licensing or sale of its non-core assets. If the Company raises additional funds through collaborations, strategic alliances or licensing arrangements with third parties, the Company might have to relinquish valuable rights to its technologies, future revenue streams, research programs or product candidates. Subject to limited exceptions, our venture debt financing agreement prohibits us from incurring certain additional indebtedness, making certain asset dispositions, and entering into certain mergers, acquisitions or other business combination transactions without prior consent of the Lenders. If the Company requires but is unable to obtain additional funding, the Company may be forced to make reductions in spending, delay, suspend, reduce or eliminate some or all of its planned research and development programs, or liquidate assets where possible. Due to the uncertainty regarding future financing and other potential options to raise additional funds, management has concluded that substantial doubt exists with respect to the Company’s ability to continue as a going concern within one year after the date that the financial statements in this Annual Report on Form 10-K were issued.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Over the long term, the Company’s ultimate ability to achieve and maintain profitability will depend on, among other things, the development, regulatory approval, and commercialization of its pipeline assets, and the potential receipt and sale of any priority review vouchers it receives.</span></div> | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
54600000 | USD |
CY2021 | avtx |
Sale Of Stock Number Of Equity Offerings
SaleOfStockNumberOfEquityOfferings
|
3 | offering |
CY2021 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
72000000 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-84400000 | USD |
CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures. On an ongoing basis, management evaluates its estimates, including estimates related to but not limited to, revenue recognition, cost of product sales, stock-based compensation, fair value measurements, cash flows used in management's going concern assessment, income taxes, goodwill, and clinical trial accruals. The Company bases its estimates on historical experience and other market‑specific or other relevant assumptions that it believes to be reasonable under the circumstances. Actual results may differ from those estimates or assumptions.</span></div> | |
CY2021 | avtx |
Accounts Receivable Payment Terms
AccountsReceivablePaymentTerms
|
P60D | |
CY2021Q4 | avtx |
Accounts Receivable Prompt Payment Discount
AccountsReceivablePromptPaymentDiscount
|
0.02 | |
CY2021 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="text-align:justify;text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents. The Company maintains a portion of its cash and cash equivalent balances in the form of a money market account with a financial institution that management believes to be creditworthy. The Company has no financial instruments with off‑balance sheet risk of loss.</span></div> | |
CY2021 | avtx |
Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
|
2 | contract |
CY2021 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2021 | us-gaap |
Number Of Reporting Units
NumberOfReportingUnits
|
1 | reporting_unit |
CY2021Q3 | avtx |
Debt Instrument Remaining Contingent Consideration Liability
DebtInstrumentRemainingContingentConsiderationLiability
|
3000000 | USD |
CY2021 | avtx |
Class Of Stock Number Of Classes Of Stock Outstanding
ClassOfStockNumberOfClassesOfStockOutstanding
|
2 | class_of_stock |
CY2021 | us-gaap |
Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
|
1676923 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.001 | |
CY2021Q4 | avtx |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Exercised
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsExercised
|
308880 | shares |
CY2021Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2021Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2020Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | USD |
CY2020Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | USD |
CY2021Q4 | avtx |
Property Plant And Equipment And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
2981000 | USD |
CY2020Q4 | avtx |
Property Plant And Equipment And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
1784000 | USD |
CY2021Q4 | avtx |
Property Plant And Equipment And Operating Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
286000 | USD |
CY2020Q4 | avtx |
Property Plant And Equipment And Operating Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
177000 | USD |
CY2021Q4 | avtx |
Property Plant And Equipment And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
2695000 | USD |
CY2020Q4 | avtx |
Property Plant And Equipment And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
1607000 | USD |
CY2021 | us-gaap |
Depreciation
Depreciation
|
100000 | USD |
CY2021 | avtx |
Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
|
2 | contract |
CY2020 | us-gaap |
Depreciation
Depreciation
|
100000 | USD |
CY2021 | avtx |
Lessee Operating Lease Remaining Lease Team
LesseeOperatingLeaseRemainingLeaseTeam
|
P6Y6M | |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2001000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
918000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
485000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
426000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2018000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1038000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2503000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1464000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.092 | |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
393000 | USD |
CY2020 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
345000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
547000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
485000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
528000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
537000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
557000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
683000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3337000 | USD |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
834000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2503000 | USD |
CY2020 | us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
0 | USD |
CY2021 | us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
0 | USD |
CY2019Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
2426000 | USD |
CY2020 | us-gaap |
Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
|
900000 | USD |
CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1741000 | USD |
CY2020Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
1585000 | USD |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1547000 | USD |
CY2021Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
38000 | USD |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5956000 | USD |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
5918000 | USD |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
38000 | USD |
CY2021 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P0Y1M6D | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
6106000 | USD |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
4521000 | USD |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1585000 | USD |
CY2020 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P0Y10M24D | |
CY2021Q4 | avtx |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
8221000 | USD |
CY2020Q4 | avtx |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
4939000 | USD |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4310000 | USD |
CY2020Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3120000 | USD |
CY2021Q4 | avtx |
Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
|
1275000 | USD |
CY2020Q4 | avtx |
Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
|
771000 | USD |
CY2021Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
111000 | USD |
CY2020Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
31000 | USD |
CY2021Q4 | avtx |
Accrued Sales Returns And Allowances
AccruedSalesReturnsAndAllowances
|
1733000 | USD |
CY2020Q4 | avtx |
Accrued Sales Returns And Allowances
AccruedSalesReturnsAndAllowances
|
1913000 | USD |
CY2021Q4 | avtx |
Accrued Medicaid Rebates
AccruedMedicaidRebates
|
375000 | USD |
CY2020Q4 | avtx |
Accrued Medicaid Rebates
AccruedMedicaidRebates
|
0 | USD |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
485000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
426000 | USD |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
9000 | USD |
CY2020Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
110000 | USD |
CY2021Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
16519000 | USD |
CY2020Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
11310000 | USD |
CY2021Q4 | avtx |
Number Of Class Of Stock Authorized
NumberOfClassOfStockAuthorized
|
2 | class_of_stock |
CY2021Q4 | avtx |
Capital Stock Shares Authorized
CapitalStockSharesAuthorized
|
205000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.001 | |
CY2021Q1 | avtx |
Class Of Warrant Or Right Percent Ownership Threshold
ClassOfWarrantOrRightPercentOwnershipThreshold
|
0.0999 | |
CY2021Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
4400000 | USD |
CY2021 | avtx |
Share Based Compensation Arrangement By Share Based Payment Award Share Reserve Increase As Percent
ShareBasedCompensationArrangementByShareBasedPaymentAwardShareReserveIncreaseAsPercent
|
0.04 | |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8172000 | USD |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6786000 | USD |
CY2021 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
1000 | USD |
CY2020 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
-439000 | USD |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
CY2021Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | USD |
CY2020Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | USD |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-219000 | USD |
CY2020 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-2158000 | USD |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-218000 | USD |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-2597000 | USD |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
24000 | USD |
CY2020 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-147000 | USD |
CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-2000 | USD |
CY2020 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-49000 | USD |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
22000 | USD |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-196000 | USD |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-196000 | USD |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2793000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
31816000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
14935000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
4871000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
2748000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
3080000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
2849000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
|
965000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
|
893000 | USD |
CY2021Q4 | avtx |
Deferred Tax Assets Installment Sale
DeferredTaxAssetsInstallmentSale
|
445000 | USD |
CY2020Q4 | avtx |
Deferred Tax Assets Installment Sale
DeferredTaxAssetsInstallmentSale
|
462000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
381000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
543000 | USD |
CY2021Q4 | avtx |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
590000 | USD |
CY2020Q4 | avtx |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
358000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
353000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
247000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
472000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
224000 | USD |
CY2021Q4 | avtx |
Deferred Tax Assets Tax Difference In Tangible And Intangible Assets
DeferredTaxAssetsTaxDifferenceInTangibleAndIntangibleAssets
|
2020000 | USD |
CY2020Q4 | avtx |
Deferred Tax Assets Tax Difference In Tangible And Intangible Assets
DeferredTaxAssetsTaxDifferenceInTangibleAndIntangibleAssets
|
1935000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
43343000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
24252000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
43456000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
24343000 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
113000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
91000 | USD |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2021 | avtx |
Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
|
-0.0148 | |
CY2020 | avtx |
Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
|
-0.0047 | |
CY2021 | avtx |
Effective Income Tax Rate Reconciliation Built In Loss Percent
EffectiveIncomeTaxRateReconciliationBuiltInLossPercent
|
0 | |
CY2019Q3 | avtx |
Royalty Agreement Period After Public Launch To Terminate Agreement
RoyaltyAgreementPeriodAfterPublicLaunchToTerminateAgreement
|
P3Y | |
CY2020 | avtx |
Effective Income Tax Rate Reconciliation Built In Loss Percent
EffectiveIncomeTaxRateReconciliationBuiltInLossPercent
|
0.0060 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0252 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0253 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
-0.0809 | |
CY2021 | avtx |
Effective Income Tax Rate Reconciliation Nol Carryback To Cares Act Percent
EffectiveIncomeTaxRateReconciliationNOLCarrybackToCARESActPercent
|
0.0026 | |
CY2020 | avtx |
Effective Income Tax Rate Reconciliation Nol Carryback To Cares Act Percent
EffectiveIncomeTaxRateReconciliationNOLCarrybackToCARESActPercent
|
0.0326 | |
CY2021 | avtx |
Effective Income Tax Rate Reconciliation Net Operating Loss Adjustment Per Section382 Percent
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentPerSection382Percent
|
-0.0015 | |
CY2020 | avtx |
Effective Income Tax Rate Reconciliation Net Operating Loss Adjustment Per Section382 Percent
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentPerSection382Percent
|
-0.0016 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
-0.2193 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
-0.1446 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0022 | |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0421 | |
CY2021Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-2600000 | USD |
CY2021Q4 | us-gaap |
Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
|
200000 | USD |
CY2019Q3 | avtx |
Royalty Agreement Payment Received
RoyaltyAgreementPaymentReceived
|
2000000 | USD |
CY2019Q3 | avtx |
Royalty Agreement Buyout Option Percentage Of Net Present Value Of Royalty Payments
RoyaltyAgreementBuyoutOptionPercentageOfNetPresentValueOfRoyaltyPayments
|
0.75 |