2023 Q4 Form 10-K Financial Statement

#000173112223002197 Filed on November 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.609M $2.592M $12.04M
YoY Change -21.35% -33.59% -7.88%
% of Gross Profit
Research & Development $8.684M $10.06M $43.72M
YoY Change -28.03% -11.6% 15.3%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $11.29M $12.65M $55.76M
YoY Change -26.59% -17.22% -209.36%
Operating Profit -$11.29M -$55.76M
YoY Change -26.59% 9.36%
Interest Expense $2.164M $1.772M $5.520M
YoY Change 32.47% 745.94% 12624.76%
% of Operating Profit
Other Income/Expense, Net $2.756M $669.9K $8.258M
YoY Change 15.21% -32.63% 145.31%
Pretax Income -$8.537M -$10.21M -$47.50M
YoY Change -34.29% -27.49% -0.25%
Income Tax $85.00K -$63.95K $10.00K
% Of Pretax Income
Net Earnings -$8.622M -$10.15M -$47.51M
YoY Change -33.53% -29.0% -0.99%
Net Earnings / Revenue
Basic Earnings Per Share -$0.11 -$0.60
Diluted Earnings Per Share -$0.11 -$0.12 -$0.60
COMMON SHARES
Basic Shares Outstanding 82.09M shares 81.95M shares 79.79M shares
Diluted Shares Outstanding 82.08M shares 79.79M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.8M $151.0M $151.0M
YoY Change 0.1% 1.25% 1.24%
Cash & Equivalents $143.8M $151.0M $151.0M
Short-Term Investments
Other Short-Term Assets $756.0K $653.0K $700.0K
YoY Change 15.31% 84.38% 97.65%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $148.1M $154.4M $154.4M
YoY Change -0.2% 1.1% 1.11%
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 $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $148.1M $154.4M $154.4M
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $148.1M $154.4M $154.4M
YoY Change -0.2% 1.1% 1.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.292M $4.322M $4.300M
YoY Change -18.84% 13.0% 12.42%
Accrued Expenses $7.286M $7.295M $7.300M
YoY Change 3.45% 22.71% 22.79%
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 $12.50M $12.53M $12.50M
YoY Change -5.68% 22.72% 22.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $12.50M $12.53M $12.50M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $12.50M $12.53M $12.50M
YoY Change -5.68% 22.72% 22.39%
SHAREHOLDERS EQUITY
Retained Earnings -$301.7M -$293.1M
YoY Change 16.69% 19.35%
Common Stock $437.3M $434.9M
YoY Change 11.08% 12.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $135.6M $141.9M $141.9M
YoY Change
Total Liabilities & Shareholders Equity $148.1M $154.4M $154.4M
YoY Change -0.2% 1.1% 1.11%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$8.622M -$10.15M -$47.51M
YoY Change -33.53% -29.0% -0.99%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$7.318M -$5.845M -$27.79M
YoY Change 26.3% 44.54% 14.63%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $27.88M
YoY Change 32.84%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $59.00K 2.061M $29.65M
YoY Change -77.15% 84367.21% 39.29%
NET CHANGE
Cash From Operating Activities -$7.318M -5.845M -$27.79M
Cash From Investing Activities
Cash From Financing Activities $59.00K 2.061M $29.65M
Net Change In Cash -$7.259M -3.784M $1.866M
YoY Change 31.12% -6.37% -163.26%
FREE CASH FLOW
Cash From Operating Activities -$7.318M -$5.845M -$27.79M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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152108000 usd
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CashPaidForStateAndLocalMinimumIncomeTaxes
136000 usd
CY2022 avxl Cash Paid For State And Local Minimum Income Taxes
CashPaidForStateAndLocalMinimumIncomeTaxes
327000 usd
CY2021 avxl Cash Paid For State And Local Minimum Income Taxes
CashPaidForStateAndLocalMinimumIncomeTaxes
140000 usd
CY2020Q3 us-gaap Stockholders Equity
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-2438000 usd
CY2021 avxl Shares Issued Pursuant To Registered Direct Offering
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50000000 usd
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-3097000 usd
CY2021 avxl Shares Issued Pursuant To Exercise Of Stock Options
SharesIssuedPursuantToExerciseOfStockOptions
4108000 usd
CY2021 avxl Shares Issued Pusuant To Exercise Of Warrants
SharesIssuedPusuantToExerciseOfWarrants
1466000 usd
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8231000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-37909000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
150817000 usd
CY2022 avxl Shares Issued Under Sales Agreement
SharesIssuedUnderSalesAgreement
20985000 usd
CY2022 avxl Less Sales Agreement Share Issue Costs
LessSalesAgreementShareIssueCosts
-723000 usd
CY2022 avxl Shares Issued Pursuant To Exercise Of Stock Options
SharesIssuedPursuantToExerciseOfStockOptions
1011000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18379000 usd
CY2022 us-gaap Net Income Loss
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-47978000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
142491000 usd
CY2023 avxl Shares Issued Under2023 Purchase Agreement Initial Commitment Shares
SharesIssuedUnder2023PurchaseAgreementInitialCommitmentShares
845000 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
27875000 usd
CY2023 avxl Shares Issued Pursuant To Exercise Of Stock Options
SharesIssuedPursuantToExerciseOfStockOptions
1776000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16370000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-47505000 usd
CY2023Q3 us-gaap Stockholders Equity
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141852000 usd
CY2023 us-gaap Use Of Estimates
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<p id="xdx_848_eus-gaap--UseOfEstimates_z6qiTKflTLI2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zdIdNWMOYl8g">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: gray"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to accounting for research and development costs, incentive income receivable, valuation and recoverability of deferred tax assets, stock based compensation, and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023 us-gaap Revenue Recognition Incentives
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<p id="xdx_84A_eus-gaap--RevenueRecognitionIncentives_zXLfXylE6t0j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86F_zOf8tSfJTM19">Research and Development Incentive Income</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is eligible to obtain certain research and development tax credits, including, through its wholly owned subsidiary Anavex Australia, the Australian research and development tax incentive credit (the “Australia R&amp;D credit”) through a program administered through the Australian Tax Office (the “ATO”) and AusIndustry, a division of the Australian Government’s Department of Industry, Innovation and Science (“AusIndustry”). The Australia R&amp;D credit program provides for a cash refund based on a percentage of eligible research and development activities undertaken in Australia by Anavex Australia. Anavex Australia is also eligible under the Australia R&amp;D credit program to receive the cash refund for certain research and development expenses incurred by Anavex Australia outside of Australia, to the extent such expenses are pre-approved by AusIndustry pursuant to an advanced overseas finding application.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Australia R&amp;D credit program is available to eligible companies with an annual aggregate revenue of less than $20.0 million Australian during the reimbursable period at a rate of 18.5% above the claimant’s company tax rate in Australia.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The tax incentives are available on the basis of specific criteria with which the Company must comply. Although the tax incentive may be administered through the local tax authority, the Company has accounted for the incentives outside of the scope of ASC Topic 740, Income Taxes (“ASC 740”), since the incentives are not linked to the Company’s taxable income and can be realized regardless of whether the Company has generated taxable income in the respective jurisdictions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to the Australia R&amp;D credit, as there is no authoritative guidance under GAAP for accounting for grants to for-profit business entities, the Company accounts for the grant by analogy to IAS20 Accounting for Government Grants and Disclosure of Government Assistance (“IAS 20”). The Company recognizes the Research and Development Incentive income as it incurs costs eligible for reimbursement under the Australia R&amp;D credit program when it is reasonably assured that the cash incentive will be received, as evidenced through enrollment in the program and when the applicable conditions under the program have been met. The Company accrues for the amount of cash refund it expects to receive in relation to research and development expenses outside of Australia only to the extent it has received advanced approval from AusIndustry, pursuant to an approved advanced overseas finding application.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition, Anavex Australia and Anavex Canada incur Goods and Services Tax (GST) on certain services provided by local vendors. As a domestic entity in those jurisdictions, Anavex Australia and Anavex Canada are entitled to a refund of the GST paid. Similarly, Anavex Germany incurs Value Added Tax (VAT) on certain services provided by local vendors, to which it is entitled to a refund of such VAT paid. The Company’s estimate of the amount of cash refund it expects to receive related to GST and VAT incurred is included in Incentive and tax receivables in the accompanying consolidated balance sheets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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11540903 shares
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q3 avxl Accrued Clinical Site And Patient Visits Costs
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CY2022Q3 avxl Fixed Contract Accruals
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CY2023Q3 avxl Milestone Based Contract Accruals
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CY2022Q3 avxl Milestone Based Contract Accruals
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CY2022 avxl Grant Income
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CY2021 avxl Grant Income
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CY2023 avxl Non Operating Income From Grant
NonOperatingIncomeFromGrant
25000 usd
CY2022 avxl Non Operating Income From Grant
NonOperatingIncomeFromGrant
0 usd
CY2021 avxl Non Operating Income From Grant
NonOperatingIncomeFromGrant
54100 usd
CY2023 avxl Deferred Grant Income1
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900000 usd
CY2022 avxl Deferred Grant Income1
DeferredGrantIncome1
400000 usd
CY2023 us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
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2700000 usd
CY2022 us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
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3300000 usd
CY2021 us-gaap Research And Development Arrangement Contract To Perform For Others Compensation Earned
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4500000 usd
CY2023Q3 us-gaap Other Receivables
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CY2022Q3 us-gaap Other Receivables
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CY2023Q3 avxl Sales Of Agreement Amount
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142400000 usd
CY2022Q3 avxl Sales Of Agreement Amount
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142400000 usd
CY2023Q3 avxl Fair Value Of Initial Commitment
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800000 usd
CY2023Q3 avxl Incurred Expenses
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100000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P12M
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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46462000 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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46208000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
118000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
73000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
131000 usd
CY2023 us-gaap Pension Contributions
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232000 usd
CY2022 us-gaap Pension Contributions
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158000 usd
CY2021 us-gaap Pension Contributions
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129000 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
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160000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
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160000 shares
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3.72
CY2022Q3 avxl Warrants Outstanding Weighted Average Exercise
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3.72
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
160000 shares
CY2023 avxl Option Issued
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M24D
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y9M
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y1M6D
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16400000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18400000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8200000 usd
CY2021Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
34982000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
16370000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
18379000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
8231000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
14100000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0370 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0311 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0073 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y7M20D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M25D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M26D
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8513 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8417 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.0000 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.0000 pure
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-41198000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-40002000 usd
CY2023Q3 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
2713000 usd
CY2022Q3 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
2182000 usd
CY2021Q3 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1577000 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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18593000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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13373000 usd
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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10453000 usd
CY2023Q3 avxl Deferred Tax Assets Research And Development Capitalization
DeferredTaxAssetsResearchAndDevelopmentCapitalization
7219000 usd
CY2023Q3 avxl Deferred Tax Assets Unpaid Charges
DeferredTaxAssetsUnpaidCharges
1559000 usd
CY2022Q3 avxl Deferred Tax Assets Unpaid Charges
DeferredTaxAssetsUnpaidCharges
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CY2021Q3 avxl Deferred Tax Assets Unpaid Charges
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89000 usd
CY2023Q3 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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593000 usd
CY2022Q3 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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388000 usd
CY2021Q3 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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323000 usd
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49000 usd
CY2022Q3 us-gaap Deferred Tax Assets Unrealized Currency Losses
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44000 usd
CY2021Q3 us-gaap Deferred Tax Assets Unrealized Currency Losses
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CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2023 avxl Permanent Differences Relating To Stock Based Compensation
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-601000 usd
CY2022 avxl Permanent Differences Relating To Stock Based Compensation
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CY2021 avxl Permanent Differences Relating To Stock Based Compensation
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
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165000 usd
CY2021 avxl Permanent Differences Relating To Section162m
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816000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
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273000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
741000 usd
CY2021 avxl Adjustment To Tax Assets Based On Section382
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3330000 usd
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CY2022 avxl Income Tax Reconciliation Nondeductible Expense Research And Development Credit Net
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopmentCreditNet
232000 usd
CY2021 avxl Income Tax Reconciliation Nondeductible Expense Research And Development Credit Net
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopmentCreditNet
1042000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
206000 usd
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
24000 usd
CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
48000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
216000 usd
CY2022 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
358000 usd
CY2021 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
268000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
14098000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
15603000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
13495000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
358000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
268000 usd
CY2023 avxl Operating Loss Carry Forwards Expiration Year
OperatingLossCarryForwardsExpirationYear
2036
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
2700000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
2200000 usd
CY2023 avxl Research And Development Tax Credits Year
ResearchAndDevelopmentTaxCreditsYear
2029
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7200000 usd
CY2021Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
800000 usd
CY2021Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2500000 usd
CY2021Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
800000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3300000 usd

Files In Submission

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avxl-20230930_pre.xml Edgar Link unprocessable
0001731122-23-002197-index-headers.html Edgar Link pending
0001731122-23-002197-index.html Edgar Link pending
0001731122-23-002197.txt Edgar Link pending
0001731122-23-002197-xbrl.zip Edgar Link pending
avxl-20230930.xsd Edgar Link pending
e5240_10k.htm Edgar Link pending
e5240_ex14-1.htm Edgar Link pending
e5240_ex21-1.htm Edgar Link pending
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avxl-20230930_cal.xml Edgar Link unprocessable
avxl-20230930_def.xml Edgar Link unprocessable
avxl-20230930_lab.xml Edgar Link unprocessable
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