2023 Q3 Form 10-Q Financial Statement
#000143774923022780 Filed on August 09, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $357.0K | $43.00K |
| YoY Change | 68.4% | -95.59% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.083M | $1.181M |
| YoY Change | -3.99% | 1.29% |
| % of Gross Profit | ||
| Research & Development | $1.872M | $2.314M |
| YoY Change | -12.69% | 0.43% |
| % of Gross Profit | ||
| Depreciation & Amortization | $21.00K | $16.00K |
| YoY Change | -27.59% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | $2.955M | $3.495M |
| YoY Change | -9.69% | 0.72% |
| Operating Profit | -$2.598M | -$3.452M |
| YoY Change | -15.1% | 38.3% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $24.00K | $28.00K |
| YoY Change | 700.0% | -2900.0% |
| Pretax Income | -$2.570M | -$3.424M |
| YoY Change | -15.93% | 37.12% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$2.574M | -$3.424M |
| YoY Change | -15.8% | 37.12% |
| Net Earnings / Revenue | -721.01% | -7962.79% |
| Basic Earnings Per Share | -$0.12 | -$0.17 |
| Diluted Earnings Per Share | -$0.12 | -$0.17 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 21.62M | 20.22M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.840M | $4.305M |
| YoY Change | -72.4% | -50.02% |
| Cash & Equivalents | $1.800M | $4.300M |
| Short-Term Investments | ||
| Other Short-Term Assets | $180.0K | $230.0K |
| YoY Change | -3.74% | -29.66% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $104.0K | $115.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.116M | $4.650M |
| YoY Change | -70.42% | -49.19% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $114.0K | $139.0K |
| YoY Change | -39.68% | -31.86% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $171.0K | $171.0K |
| YoY Change | -0.58% | 0.0% |
| Total Long-Term Assets | $1.631M | $1.739M |
| YoY Change | -19.46% | -17.74% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.116M | $4.650M |
| Total Long-Term Assets | $1.631M | $1.739M |
| Total Assets | $3.747M | $6.389M |
| YoY Change | -59.18% | -43.29% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $507.0K | $686.0K |
| YoY Change | -42.84% | -31.33% |
| Accrued Expenses | $36.00K | $111.0K |
| YoY Change | -68.7% | 282.76% |
| Deferred Revenue | $0.00 | $333.0K |
| YoY Change | -100.0% | |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $3.330M | $3.616M |
| YoY Change | -9.61% | 18.4% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.080M | $1.138M |
| YoY Change | -22.75% | -23.0% |
| Total Long-Term Liabilities | $1.080M | $1.138M |
| YoY Change | -22.75% | -23.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.330M | $3.616M |
| Total Long-Term Liabilities | $1.080M | $1.138M |
| Total Liabilities | $4.407M | $4.754M |
| YoY Change | -13.28% | 4.9% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$150.1M | -$147.5M |
| YoY Change | 9.1% | 9.67% |
| Common Stock | $22.00K | $22.00K |
| YoY Change | 22.22% | 22.22% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$660.0K | $1.635M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.747M | $6.389M |
| YoY Change | -59.18% | -43.29% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.574M | -$3.424M |
| YoY Change | -15.8% | 37.12% |
| Depreciation, Depletion And Amortization | $21.00K | $16.00K |
| YoY Change | -27.59% | 0.0% |
| Cash From Operating Activities | -$2.410M | -$3.151M |
| YoY Change | 20.14% | 19.13% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $2.000K |
| YoY Change | -100.0% | -108.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | $0.00 | -$2.000K |
| YoY Change | -100.0% | -92.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -60.00K | 2.601M |
| YoY Change | -182.19% | 92.1% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.410M | -3.151M |
| Cash From Investing Activities | 0.000 | -2.000K |
| Cash From Financing Activities | -60.00K | 2.601M |
| Net Change In Cash | -2.470M | -552.0K |
| YoY Change | 26.86% | -58.05% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.410M | -$3.151M |
| Capital Expenditures | $0.00 | $2.000K |
| Free Cash Flow | -$2.410M | -$3.153M |
| YoY Change | 20.98% | 20.34% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1900000 | usd |
| bcda |
Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
|
0 | ||
| bcda |
Class Of Warrant Or Right Issued During Period Weighted Average Exercise Price
ClassOfWarrantOrRightIssuedDuringPeriodWeightedAverageExercisePrice
|
0 | ||
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Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
|
0 | ||
| bcda |
Class Of Warrant Or Right Exercised During Period Weighted Average Exercise Price
ClassOfWarrantOrRightExercisedDuringPeriodWeightedAverageExercisePrice
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0 | ||
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Entity Central Index Key
EntityCentralIndexKey
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Amendment Flag
AmendmentFlag
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Current Fiscal Year End Date
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--12-31 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
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2023 | ||
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Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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Q2 | ||
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
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Income Tax Expense Benefit
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0 | usd | |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7363000 | usd |
| CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
11000 | usd |
| CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
201000 | usd |
| CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
300000 | usd |
| CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
7864000 | usd |
| CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
170000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1588000 | usd |
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Other Assets Noncurrent
OtherAssetsNoncurrent
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171000 | usd |
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Assets
Assets
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9793000 | usd |
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Accounts Payable Current
AccountsPayableCurrent
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683000 | usd |
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Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
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2246000 | usd |
| CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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341000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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315000 | usd |
| CY2022Q4 | us-gaap |
Liabilities Current
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3585000 | usd |
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Operating Lease Liability Noncurrent
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1316000 | usd |
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Liabilities
Liabilities
|
4901000 | usd |
| CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
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21586150 | |
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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Common Stock Shares Issued
CommonStockSharesIssued
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20076773 | |
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Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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1034000 | usd | |
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Research And Development Expense
ResearchAndDevelopmentExpense
|
4698000 | usd | |
| us-gaap |
Research And Development Expense
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|
4490000 | usd | |
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Selling General And Administrative Expense
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|
2371000 | usd | |
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Selling General And Administrative Expense
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2367000 | usd | |
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Costs And Expenses
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Costs And Expenses
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Operating Income Loss
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Operating Income Loss
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Nonoperating Income Expense
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Nonoperating Income Expense
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37000 | usd | |
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Nonoperating Income Expense
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1000 | usd | |
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Net Income Loss
NetIncomeLoss
|
-2497000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-6925000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
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-5822000 | usd | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.34 | ||
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Earnings Per Share Basic
EarningsPerShareBasic
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-0.34 | ||
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17651892 | |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20281417 | ||
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
17360598 | ||
| CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
319000 | usd |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3325000 | usd |
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Stockholders Equity
StockholdersEquity
|
7369000 | usd |
| us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
232000 | usd | |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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304000 | usd |
| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2497000 | usd |
| CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6734 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4892000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
278000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3501000 | usd |
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Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
1000 | usd |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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317000 | usd |
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Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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177000 | usd |
| CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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2470000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3424000 | usd |
| CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1635000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-5822000 | usd | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
43000 | usd | |
| us-gaap |
Depreciation Depletion And Amortization
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|
32000 | usd | |
| us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
159000 | usd | |
| us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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144000 | usd | |
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Share Based Compensation
ShareBasedCompensation
|
595000 | usd | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
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623000 | usd | |
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Increase Decrease In Accounts Receivable
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|
-86000 | usd | |
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
64000 | usd | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-70000 | usd | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
69000 | usd | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
425000 | usd | |
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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353000 | usd | |
| us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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-87000 | usd | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-8000 | usd | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-847000 | usd | |
| bcda |
Increase Decrease In Non Current Operating Lease Liability
IncreaseDecreaseInNonCurrentOperatingLeaseLiability
|
-153000 | usd | |
| bcda |
Increase Decrease In Non Current Operating Lease Liability
IncreaseDecreaseInNonCurrentOperatingLeaseLiability
|
-98000 | usd | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5711000 | usd | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5558000 | usd | |
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12000 | usd | |
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
54000 | usd | |
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12000 | usd | |
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-54000 | usd | |
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Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2950000 | usd | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1519000 | usd | |
| us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
285000 | usd | |
| us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
165000 | usd | |
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2665000 | usd | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
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|
1354000 | usd | |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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7363000 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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4305000 | usd |
| CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
8614000 | usd |
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Stock Issued1
StockIssued1
|
106000 | usd | |
| us-gaap |
Stock Issued1
StockIssued1
|
67000 | usd | |
| bcda |
Proceeds From Issuance Of Restricted Stock Units In Lieu Of Cash Bonus
ProceedsFromIssuanceOfRestrictedStockUnitsInLieuOfCashBonus
|
564000 | usd | |
| bcda |
Proceeds From Issuance Of Restricted Stock Units In Lieu Of Cash Bonus
ProceedsFromIssuanceOfRestrictedStockUnitsInLieuOfCashBonus
|
401000 | usd | |
| CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4300000 | usd |
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody><tr style="vertical-align: top;"> <td style="width: 36pt;"> </td> <td style="width: 18pt;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b><i>(c)</i></b></p> </td> <td style="width: auto;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b><i>Use of Estimates</i></b></p> </td> </tr> <tr style="vertical-align: top;"> <td style="width: 36pt;"> </td> <td style="width: 18pt;"> </td> <td style="width: auto;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt;"> </p> </td> </tr> <tr style="vertical-align: top;"> <td style="width: 36pt;"> </td> <td style="width: 18pt;"> </td> <td style="width: auto;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of the financial statements in accordance with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. Significant items subject to such estimates and assumptions include share-based compensation, the useful lives of property and equipment, right-of-use assets and related liabilities, incremental borrowing rate, allowances for doubtful accounts and sales returns, clinical accruals and assumptions used for revenue recognition.</p> </td> </tr> </tbody></table> | ||
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Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody><tr style="vertical-align: top;"> <td style="width: 36pt;"> </td> <td style="width: 18pt;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b><i>(e)</i></b></p> </td> <td style="width: auto;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b><i>Concentration of Credit Risk</i></b></p> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: 18pt;"> </td> <td style="width: auto;"> </td> </tr> <tr style="vertical-align: top;"> <td style="width: 36pt;"> </td> <td style="width: 18pt;"> </td> <td style="width: auto;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">Financial instruments that potentially subject us to a concentration of credit risk consist of cash and cash equivalents. Our cash at times exceeds federally insured limits of $250,000 per customer. On June 30, 2023, approximately 99% of our cash was held by one financial institution and total amounts on deposit were approximately $4.0 million in excess of FDIC insurance limits. We have not recognized any losses from credit risks on such accounts since inception.</p> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;text-align:justify;margin:0pt;">Silicon Valley Bank (SVB) was closed on March 10, 2023 by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. On March 12, 2023, a joint statement was issued by the Secretary of the Treasury and the Federal Reserve and the FDIC Chairman stating that all depositors would be fully protected and would have access to both insured and uninsured deposits starting March 12, 2203. The FDIC then established a bridge bank successor, Silicon Valley Bridge Bank, N.A., which quickly assumed ongoing business. On March 27, 2023, First Citizens Bank & Trust Company, a subsidiary of First Citizens BancShares, assumed all customer deposits and acquired all loans of Silicon Valley Bridge Bank from the FDIC and began operating all SVB branches. As of March 31, 2023, the Company transferred substantially all of its cash and cash equivalents from SVB to another financial institution and does not believe it will be impacted by the transition of SVB to First Citizens Bank & Trust Company.</p> </td> </tr> </tbody></table> | ||
| CY2023Q2 | bcda |
Cash Percentage Held In One Financial Institution
CashPercentageHeldInOneFinancialInstitution
|
0.99 | pure |
| CY2023Q2 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
4000000.0 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
801000 | usd |
| CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
789000 | usd |
| CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
662000 | usd |
| CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
619000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
139000 | usd |
| CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
170000 | usd |
| CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
21000 | usd |
| us-gaap |
Depreciation
Depreciation
|
43000 | usd | |
| CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
16000 | usd |
| us-gaap |
Depreciation
Depreciation
|
32000 | usd | |
| CY2023Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
120000 | usd |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
241000 | usd | |
| CY2022Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
120000 | usd |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
241000 | usd | |
| CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
118000 | usd |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
236000 | usd | |
| CY2022Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
76000 | usd |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
173000 | usd | |
| CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y7M2D | |
| CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.1074 | pure |
| CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
236000 | usd |
| CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
485000 | usd |
| CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
499000 | usd |
| CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
514000 | usd |
| CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
44000 | usd |
| CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1778000 | usd |
| CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
300000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1478000 | usd |
| CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
111000 | usd |
| CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
157000 | usd |
| CY2023Q2 | bcda |
Accrued Salaries And Employee Benefits Current
AccruedSalariesAndEmployeeBenefitsCurrent
|
715000 | usd |
| CY2022Q4 | bcda |
Accrued Salaries And Employee Benefits Current
AccruedSalariesAndEmployeeBenefitsCurrent
|
899000 | usd |
| CY2023Q2 | bcda |
Accured Clinical Trial Costs
AccuredClinicalTrialCosts
|
821000 | usd |
| CY2022Q4 | bcda |
Accured Clinical Trial Costs
AccuredClinicalTrialCosts
|
548000 | usd |
| CY2023Q2 | bcda |
Grant Liability Current
GrantLiabilityCurrent
|
501000 | usd |
| CY2022Q4 | bcda |
Grant Liability Current
GrantLiabilityCurrent
|
534000 | usd |
| CY2023Q2 | bcda |
Customer Deposit Liabilities Current
CustomerDepositLiabilitiesCurrent
|
90000 | usd |
| CY2022Q4 | bcda |
Customer Deposit Liabilities Current
CustomerDepositLiabilitiesCurrent
|
90000 | usd |
| CY2023Q2 | bcda |
Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
|
2257000 | usd |
| CY2022Q4 | bcda |
Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
|
2246000 | usd |
| CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2424724 | |
| CY2022Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
6.36 | |
| CY2023Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2424724 | |
| CY2023Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
6.36 | |
| CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
317000 | usd |
| CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
304000 | usd |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
595000 | usd | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
623000 | usd | |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2182708 | |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.04 | |
| CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y6M | |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
343000 | usd |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
543513 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.69 | ||
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
199 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
1.49 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
119941 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.36 | ||
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2606081 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.63 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y3M18D | ||
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
1189000 | usd |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1443515 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
4.83 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y | ||
| CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
315000 | usd |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.70 | ||
| 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
|
1.93 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
1.70 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5030805 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4488294 | ||
| us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody><tr style="vertical-align: top;"> <td style="width: 36pt;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>(12)</b></p> </td> <td style="width: auto;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>Contingencies and Uncertainties</b></p> </td> </tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 54pt; text-align: justify;"><i>Contingencies</i> - We may be subject to various claims, complaints, and legal actions that arise from time to time in the normal course of business. Management is not aware of any current legal or administrative proceedings that are likely to have an adverse effect on our business, financial position, results of operations, or cash flows.</p> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 54pt; text-align: justify;"><i>Uncertainties</i> - The results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any other interim period or for any other future year, particularly in light of COVID-19 and its impact on domestic and global economies. Governmental and business reactions to the pandemic, and resulting economic disruptions, have the potential to materially impact our business and influence our business decisions. While the impact of COVID-19 did not have a material adverse effect on our financial position or results of operations for the periods presented, our future assessment of the magnitude and duration of COVID-19 and related factors, could result in material impacts to our financial statements in future reporting periods. As of June 30, 2023, up to $168,455 future potential discounts are due to the Funder.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> |
