2023 Q2 Form 10-Q Financial Statement

#000095017023023462 Filed on May 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $2.938M $3.935M $5.935M
YoY Change -22.19% -33.7% 123.12%
Cost Of Revenue $800.0K $2.003M $4.026M
YoY Change -74.83% -50.25%
Gross Profit $2.136M $1.932M $1.909M
YoY Change 257.79% 1.2% 34.63%
Gross Profit Margin 72.7% 49.1% 32.17%
Selling, General & Admin $12.83M $13.93M $16.46M
YoY Change -17.64% -15.35% 115.84%
% of Gross Profit 600.47% 721.22% 862.23%
Research & Development $8.604M $16.95M $21.67M
YoY Change -66.06% -21.79% 27.56%
% of Gross Profit 402.81% 877.38% 1135.31%
Depreciation & Amortization $2.330M $2.363M $2.284M
YoY Change 0.47% 3.46% 17.98%
% of Gross Profit 109.08% 122.31% 119.64%
Operating Expenses $21.43M $30.89M $38.13M
YoY Change -698.94% -19.01% 54.91%
Operating Profit -$42.48M -$63.87M -$41.61M
YoY Change -1117.39% 53.48% -6.26%
Interest Expense -$1.040M -$161.0K $6.000K
YoY Change -2636.59% -2783.33% -78.48%
% of Operating Profit
Other Income/Expense, Net -$5.473M -$147.0K -$21.25M
YoY Change -112.54% -99.31% -42.78%
Pretax Income -$47.95M -$64.02M -$62.87M
YoY Change -200.22% 1.83% -22.9%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$47.95M -$64.02M -$62.87M
YoY Change -200.26% 1.83% -22.9%
Net Earnings / Revenue -1632.03% -1626.86% -1059.26%
Basic Earnings Per Share -$0.27 -$0.41 -$0.48
Diluted Earnings Per Share -$0.27 -$0.41 -$482.1K
COMMON SHARES
Basic Shares Outstanding 180.5M 165.0M 130.4M
Diluted Shares Outstanding 176.6M 155.4M 130.4M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.100M $8.532M $48.04M
YoY Change -91.84% -82.24% 167575.39%
Cash & Equivalents $3.084M $8.532M $62.86M
Short-Term Investments
Other Short-Term Assets $4.300M $5.823M $6.971M
YoY Change -30.21% -16.47% 11428.03%
Inventory $5.738M $5.484M $14.72M
Prepaid Expenses
Receivables $4.900M $5.165M $6.014M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.04M $25.00M $75.74M
YoY Change -76.1% -66.99% 76019.6%
LONG-TERM ASSETS
Property, Plant & Equipment $72.62M $74.06M $77.96M
YoY Change -19.81% -5.01%
Goodwill $90.06M $90.06M $123.3M
YoY Change -26.96%
Intangibles $12.11M $120.5M $122.6M
YoY Change -1.79%
Long-Term Investments
YoY Change
Other Assets $326.0K $352.0K $18.86M
YoY Change -98.18% -98.13% 43658.7%
Total Long-Term Assets $228.4M $337.4M $358.5M
YoY Change -35.46% -5.87% 22.83%
TOTAL ASSETS
Total Short-Term Assets $18.04M $25.00M $75.74M
Total Long-Term Assets $228.4M $337.4M $358.5M
Total Assets $246.4M $362.4M $434.2M
YoY Change -42.6% -16.53% 48.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.45M $8.755M $10.42M
YoY Change 21.73% -15.96% 106.7%
Accrued Expenses $33.40M $24.56M $13.44M
YoY Change 63.07% 82.76%
Deferred Revenue $2.311M $2.199M
YoY Change
Short-Term Debt $16.82M $30.95M $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $64.98M $66.46M $26.03M
YoY Change 97.26% 155.27% 404.52%
LONG-TERM LIABILITIES
Long-Term Debt $17.00M $4.745M $0.00
YoY Change
Other Long-Term Liabilities $315.0K $318.0K $318.3M
YoY Change -99.87% -99.9% 819.67%
Total Long-Term Liabilities $315.0K $318.0K $318.3M
YoY Change -99.87% -99.9% 819.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.98M $66.46M $26.03M
Total Long-Term Liabilities $315.0K $318.0K $318.3M
Total Liabilities $127.9M $206.8M $344.3M
YoY Change -54.18% -39.94% 765.83%
SHAREHOLDERS EQUITY
Retained Earnings -$757.5M -$709.5M -$722.6M
YoY Change -1.8%
Common Stock $18.00K $17.00K $14.00K
YoY Change 21.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $118.5M $155.6M $89.91M
YoY Change
Total Liabilities & Shareholders Equity $246.4M $362.4M $434.2M
YoY Change -42.6% -16.53% 48.74%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$47.95M -$64.02M -$62.87M
YoY Change -200.26% 1.83% -22.9%
Depreciation, Depletion And Amortization $2.330M $2.363M $2.284M
YoY Change 0.47% 3.46% 17.98%
Cash From Operating Activities -$11.02M -$15.00M -$34.25M
YoY Change -69.66% -56.22% 36.57%
INVESTING ACTIVITIES
Capital Expenditures $30.00K $209.0K $1.454M
YoY Change -102.08% -85.63% -1.69%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$30.00K -$3.209M -$1.454M
YoY Change -97.92% 120.7% -1.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.610M 12.76M 46.50M
YoY Change -79.76% -72.56% -1060.24%
NET CHANGE
Cash From Operating Activities -11.02M -15.00M -34.25M
Cash From Investing Activities -30.00K -3.209M -1.454M
Cash From Financing Activities 5.610M 12.76M 46.50M
Net Change In Cash -5.440M -5.445M 10.79M
YoY Change -45.81% -150.47% -134.36%
FREE CASH FLOW
Cash From Operating Activities -$11.02M -$15.00M -$34.25M
Capital Expenditures $30.00K $209.0K $1.454M
Free Cash Flow -$11.05M -$15.20M -$35.71M
YoY Change -68.32% -57.42% 34.44%

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CY2023Q1 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 celu Stock Issued During Period Value Reclassification Of Previously Exercised Stock Options
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CY2022Q1 celu Stock Issued During Period Value Warrants Exercised
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CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
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CY2022Q1 us-gaap Depreciation Depletion And Amortization
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CY2023Q1 celu Non Cash Lease Expense
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CY2022Q1 celu Non Cash Lease Expense
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CY2023Q1 us-gaap Provision For Doubtful Accounts
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CY2022Q1 us-gaap Provision For Doubtful Accounts
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CY2023Q1 us-gaap Fair Value Adjustment Of Warrants
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CY2022Q1 us-gaap Fair Value Adjustment Of Warrants
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CY2023Q1 us-gaap Goodwill Impairment Loss
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CY2023Q1 us-gaap Employee Benefits And Share Based Compensation
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CY2022Q1 us-gaap Employee Benefits And Share Based Compensation
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CY2023Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2023Q1 us-gaap Research And Development In Process
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CY2023Q1 celu Issuance Of Common Stock For Stem Cells To Be Used In Research And Development
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CY2023Q1 celu Change In Fair Value Of Contingent Stock Consideration
ChangeInFairValueOfContingentStockConsideration
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CY2022Q1 celu Change In Fair Value Of Contingent Stock Consideration
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CY2023Q1 celu Change In Fair Value Of Debt
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CY2023Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2023Q1 us-gaap Increase Decrease In Inventories
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CY2022Q1 us-gaap Increase Decrease In Inventories
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CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable
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CY2023Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2022Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2023Q1 celu Accrued Research Development Software
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CY2022Q1 celu Accrued Research Development Software
AccruedResearchDevelopmentSoftware
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CY2023Q1 celu Increase Decrease In Right Of Use Assets And Lease Liabilities
IncreaseDecreaseInRightOfUseAssetsAndLeaseLiabilities
64000
CY2022Q1 celu Increase Decrease In Right Of Use Assets And Lease Liabilities
IncreaseDecreaseInRightOfUseAssetsAndLeaseLiabilities
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CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
32000
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
209000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q1 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
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CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2023Q1 us-gaap Repayments Of Short Term Debt
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1618000
CY2023Q1 celu Proceeds From Issuance Of Senior Secured Bridge Loan And Warrants
ProceedsFromIssuanceOfSeniorSecuredBridgeLoanAndWarrants
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CY2023Q1 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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CY2023Q1 celu Proceeds From The Sale Of Common Stock In Atm Offering
ProceedsFromTheSaleOfCommonStockInAtmOffering
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CY2022Q1 us-gaap Proceeds From Warrant Exercises
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CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46495000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28802000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52076000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
697000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1015000
CY2023Q1 celu Issuance Of Warrants On Senior Secured Bridge Loan
IssuanceOfWarrantsOnSeniorSecuredBridgeLoan
274000
CY2023Q1 celu Pipe Related Costs Included In Accrued Expenses
PIPERelatedCostsIncludedInAccruedExpenses
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CY2023Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
3510000
CY2022Q1 celu Reclassification Of Option Liabilities To Equity
ReclassificationOfOptionLiabilitiesToEquity
441000
CY2023Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2018-08-24
CY2023Q1 celu Number Of Clinical Trials
NumberOfClinicalTrials
2
CY2023Q1 celu Area Of Building
AreaOfBuilding
147215
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q1 celu Unrestricted Cash And Cash Equivalents
UnrestrictedCashAndCashEquivalents
5700000
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, assumptions related to the Company’s goodwill and intangible impairment assessment, the valuation of inventory, contingent consideration, short-term debt, determination of incremental borrowing rates, accrual of research and development expenses, and the valuations of stock options and stock warrants. The Company based its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates when there are changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates.</span></p>
CY2023Q1 celu Instrument Specific Credit Risk Income
InstrumentSpecificCreditRiskIncome
2810000
CY2023Q1 celu Accumulated Other Comprehensive Income To Other Expense Upon Short Term Debt Conversion
AccumulatedOtherComprehensiveIncomeToOtherExpenseUponShortTermDebtConversion
152000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0
CY2023Q1 us-gaap Change In Accounting Principle Accounting Standards Update Adopted
ChangeInAccountingPrincipleAccountingStandardsUpdateAdopted
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CY2023Q1 us-gaap Change In Accounting Principle Accounting Standards Update Adoption Date
ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate
2023-01-01
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
115310670
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
53921631
CY2023Q1 celu Number Of Business Segments
NumberOfBusinessSegments
3
CY2022Q1 celu Number Of Business Segments
NumberOfBusinessSegments
3
CY2023Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Allowance for Credit Losses and Concentrations of Credit Risk</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">With the adoption of ASU 2016-13 </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Financial Instruments — Credit Losses,</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> as noted below, the Company recognizes credit losses based on a forward-looking current expected credit losses. The Company makes estimates of expected credit losses based upon its assessment of various factors, including historical collection experience, the age of accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect its ability to collect from customers.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents and restricted cash. The Company generally maintains balances in various operating accounts at financial institutions that management believes to be of high credit quality, in amounts that may exceed federally insured limits. The Company has not experienced any losses related to its cash and cash equivalents or restricted cash and does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships.</span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company is subject to credit risk from trade accounts receivable related to both degenerative disease product sales and biobanking services. All trade accounts receivables are a result from product sales and services performed in the United States. As of March 31, 2023</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, two of the Company's customers comprised </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">63</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of the Company's outstanding gross accounts receivable. As of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">December 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, three of the Company's customers comprised </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">71</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of the Company's outstanding gross accounts receivable. During the </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">three months ended March 31, 2023</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, the Company had two customers provide for </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">36</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of revenue. During the </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">three months ended March 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, the Company had three customers provide for </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">67</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of revenue.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Certain prior period amounts have been reclassified to conform with current year presentation on the condensed consolidated balance sheets and condensed consolidated statements of cash flows between accrued expenses and accrued research and development ("R&amp;D") software to separately present the Palantir cease-use liability recorded during the three months ended March 31, 2023 (See Note 9 for further information)</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">.</span></p>
CY2023Q1 us-gaap Change In Accounting Principle Accounting Standards Update Immaterial Effect
ChangeInAccountingPrincipleAccountingStandardsUpdateImmaterialEffect
true
CY2023Q1 celu Convertible Note Receivable
ConvertibleNoteReceivable
2115000
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
9669000
CY2023Q1 celu Contingent Stock Consideration
ContingentStockConsideration
76000
CY2023Q1 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
30945000
CY2023Q1 celu Warrant Liability Private Investment In Public Equity Warrants
WarrantLiabilityPrivateInvestmentInPublicEquityWarrants
491000
CY2023Q1 celu Warrant Liability Sponsor Warrants
WarrantLiabilitySponsorWarrants
510000
CY2023Q1 celu Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
862000
CY2023Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
119897000
CY2022Q4 celu Convertible Note Receivable
ConvertibleNoteReceivable
2514000
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
14688000
CY2022Q4 celu Contingent Stock Consideration
ContingentStockConsideration
186000
CY2022Q4 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
37603000
CY2022Q4 celu Warrant Liability Private Investment In Public Equity Warrants
WarrantLiabilityPrivateInvestmentInPublicEquityWarrants
1402000
CY2022Q4 celu Warrant Liability Sponsor Warrants
WarrantLiabilitySponsorWarrants
1190000
CY2022Q4 celu Warrant Liability Public Warrants
WarrantLiabilityPublicWarrants
1006000
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
147332000
CY2022Q1 celu Fair Value Assets Level One To Level Two Transfers Amount During Period
FairValueAssetsLevelOneToLevelTwoTransfersAmountDuringPeriod
0
CY2022Q1 celu Fair Value Assets Level Two To Level One Transfers Amount During Period
FairValueAssetsLevelTwoToLevelOneTransfersAmountDuringPeriod
0
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2023Q1 celu Fair Value Assets Level One To Level Two Transfers Amount During Period
FairValueAssetsLevelOneToLevelTwoTransfersAmountDuringPeriod
0
CY2023Q1 celu Fair Value Assets Level Two To Level One Transfers Amount During Period
FairValueAssetsLevelTwoToLevelOneTransfersAmountDuringPeriod
0
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2023Q1 celu Percentage Of Stock Price Volatility Based On Historical Price Of Peer Companies
PercentageOfStockPriceVolatilityBasedOnHistoricalPriceOfPeerCompanies
0.50
CY2023Q1 celu Percentage Of Stock Price Volatility Based On Historical Price Of Company
PercentageOfStockPriceVolatilityBasedOnHistoricalPriceOfCompany
0.50
CY2023Q1 celu Warrant Liability
WarrantLiability
1863000
CY2022Q4 celu Warrant Liability
WarrantLiability
3598000
CY2023Q1 celu Operating Leases Rent Expense
OperatingLeasesRentExpense
984000
CY2022Q1 celu Operating Leases Rent Expense
OperatingLeasesRentExpense
983000
CY2023Q1 us-gaap Common Stock Voting Rights
CommonStockVotingRights
common stock are entitled to one vote per share
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 celu Fair Value Net Assets Liability
FairValueNetAssetsLiability
25962000
CY2022 celu Private Investment In Public Equity Warrant Issuance
PrivateInvestmentInPublicEquityWarrantIssuance
19745000
CY2022 celu Gain Loss Recognized In Earnings From Change In Fair Values
GainLossRecognizedInEarningsFromChangeInFairValues
42109000
CY2022Q4 celu Fair Value Net Assets Liability
FairValueNetAssetsLiability
3598000
CY2022Q4 celu Fair Value Net Assets Liability
FairValueNetAssetsLiability
3598000
CY2023Q1 celu Gain Loss Recognized In Earnings From Change In Fair Values
GainLossRecognizedInEarningsFromChangeInFairValues
1735000
CY2023Q1 celu Fair Value Net Assets Liability
FairValueNetAssetsLiability
1863000
CY2023Q1 celu Fair Value Of Warrants
FairValueOfWarrants
1863000
CY2022 celu Fair Value Of Warrants
FairValueOfWarrants
3598000
CY2023Q1 celu Fair Value Of Convertible Note Receivable
FairValueOfConvertibleNoteReceivable
2115000
CY2022Q4 celu Fair Value Of Convertible Note Receivable
FairValueOfConvertibleNoteReceivable
2514000
CY2023Q1 celu Face Value Of Notes Receivable
FaceValueOfNotesReceivable
4000000
CY2022Q4 celu Face Value Of Notes Receivable
FaceValueOfNotesReceivable
4000000
CY2023Q1 celu Valuation Model That Relate To Sanuwave Common Stock
ValuationModelThatRelateToSanuwaveCommonStock
0.04
CY2022Q4 celu Valuation Model That Relate To Sanuwave Common Stock
ValuationModelThatRelateToSanuwaveCommonStock
0.02
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P23Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1112
CY2023Q1 celu Scheduleofyorkvilleshort Termdebtvaluationmodel Tabletextblock
ScheduleofyorkvilleshortTermdebtvaluationmodelTabletextblock
<p style="text-indent:4.44%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Significant inputs for the Yorkville short-term debt valuation model as of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">December 31, 2022 were as follows:</span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:83.051%;"/> <td style="width:2.016%;"/> <td style="width:1.0%;"/> <td style="width:12.933%;"/> <td style="width:1.0%;"/> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:11.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:11.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:11.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:11.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;"> </span></p></td> <td colspan="2" style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;border-bottom:0.5pt solid rgba(0,0,0,1);text-align:left;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">December 31,<br/>2022</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;border-bottom:0.5pt solid rgba(255,255,255,0.01);text-align:left;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Common share price</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">$</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.29</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Credit spread</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">13.71</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">%</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Dividend yield</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">0</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">%</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Term (years)</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">0.71</span></span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Risk-free interest rate</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">4.75</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">%</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Volatility</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">45.0</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">%</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Discount yield</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:middle;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">18.46</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:nowrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">%</span></p></td> </tr> </table>
CY2022Q4 celu Valuation Input For Short Term Debt Share Price
ValuationInputForShortTermDebtSharePrice
1.29
CY2022Q4 celu Valuation Input For Short Term Debt Credit Spread
ValuationInputForShortTermDebtCreditSpread
0.1371
CY2022Q4 celu Valuation Input For Short Term Debt Dividend Yield
ValuationInputForShortTermDebtDividendYield
0
CY2022 celu Valuation Input For Short Term Debt Term
ValuationInputForShortTermDebtTerm
P0Y8M15D
CY2022Q4 celu Valuation Input For Short Term Debt Discount Yield
ValuationInputForShortTermDebtDiscountYield
0.1846
CY2023Q1 celu Inventory Raw Materials Current And Noncurrent
InventoryRawMaterialsCurrentAndNoncurrent
7784000
CY2022Q4 celu Inventory Raw Materials Current And Noncurrent
InventoryRawMaterialsCurrentAndNoncurrent
7719000
CY2023Q1 celu Inventory Work In Progress Current And Noncurrent
InventoryWorkInProgressCurrentAndNoncurrent
14951000
CY2022Q4 celu Inventory Work In Progress Current And Noncurrent
InventoryWorkInProgressCurrentAndNoncurrent
12381000
CY2023Q1 celu Inventory Finished Goods Current And Noncurrent
InventoryFinishedGoodsCurrentAndNoncurrent
8473000
CY2022Q4 celu Inventory Finished Goods Current And Noncurrent
InventoryFinishedGoodsCurrentAndNoncurrent
9256000
CY2023Q1 celu Inventory Gross Current And Noncurrent
InventoryGrossCurrentAndNoncurrent
31208000
CY2022Q4 celu Inventory Gross Current And Noncurrent
InventoryGrossCurrentAndNoncurrent
29356000
CY2023Q1 celu Inventory Reserve Current And Noncurrent
InventoryReserveCurrentAndNoncurrent
1138000
CY2022Q4 celu Inventory Reserve Current And Noncurrent
InventoryReserveCurrentAndNoncurrent
1099000
CY2023Q1 celu Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
30070000
CY2022Q4 celu Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
28257000
CY2023Q1 us-gaap Inventory Net
InventoryNet
5484000
CY2022Q4 us-gaap Inventory Net
InventoryNet
5308000
CY2023Q1 us-gaap Inventory Noncurrent
InventoryNoncurrent
24586000
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
22949000
CY2023Q1 celu Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
30070000
CY2022Q4 celu Inventory Net Current And Noncurrent
InventoryNetCurrentAndNoncurrent
28257000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
96209000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
95986000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22153000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20331000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
74056000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
75655000
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1822000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1743000
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
29633000
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q4 us-gaap Goodwill
Goodwill
119694000
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
29633000
CY2023Q1 us-gaap Goodwill
Goodwill
90061000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23993000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23993000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12040000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11499000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11953000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12494000
CY2023Q1 celu Acquired Product Rights
AcquiredProductRights
108500000
CY2022Q4 celu Acquired Product Rights
AcquiredProductRights
108500000
CY2022 celu Indefinite Lived Intangible Assets Amortization Method
IndefiniteLivedIntangibleAssetsAmortizationMethod
indefinite
CY2023Q1 celu Indefinite Lived Intangible Assets Amortization Method
IndefiniteLivedIntangibleAssetsAmortizationMethod
indefinite
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
120453000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
120994000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
541000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
541000
CY2023Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2022Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
760000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
760000
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
304000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
325000
CY2023Q1 us-gaap Lease Cost
LeaseCost
1064000
CY2022Q1 us-gaap Lease Cost
LeaseCost
1085000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
46000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
715000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
708000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2181000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2969000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3042000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3116000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3190000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
70341000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
84839000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
56790000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
28049000
CY2023Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
43590201
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
110000000
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
730000000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.765
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.39
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
482000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3988000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2422000
CY2022Q1 celu Indirect Expenses
IndirectExpenses
6955000
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-41614000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3935000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5935000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4492000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4067000
CY2023Q1 celu Contract With Customer Liability Increase Decrease For Contract From Business Combination And Deferred Revenue
ContractWithCustomerLiabilityIncreaseDecreaseForContractFromBusinessCombinationAndDeferredRevenue
1195000
CY2022Q1 celu Contract With Customer Liability Increase Decrease For Contract From Business Combination And Deferred Revenue
ContractWithCustomerLiabilityIncreaseDecreaseForContractFromBusinessCombinationAndDeferredRevenue
1649000
CY2023Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
1163000
CY2022Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
1610000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4524000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4106000
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2023Q1 us-gaap Assets
Assets
362416000
CY2022Q4 us-gaap Assets
Assets
401066000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3935000
CY2023Q1 us-gaap Gross Profit
GrossProfit
1932000
CY2023Q1 us-gaap Direct Operating Costs
DirectOperatingCosts
54670000
CY2023Q1 celu Segment Contribution
SegmentContribution
-52738000
CY2023Q1 celu Indirect Expenses
IndirectExpenses
-11132000
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-63870000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5935000
CY2022Q1 us-gaap Gross Profit
GrossProfit
1909000
CY2022Q1 us-gaap Direct Operating Costs
DirectOperatingCosts
36568000
CY2022Q1 celu Segment Contribution
SegmentContribution
-34659000

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