2017 Form 10-K Financial Statement
#000114420418015101 Filed on March 16, 2018
Income Statement
Concept | 2017 | 2016 Q4 | 2016 Q3 |
---|---|---|---|
Revenue | $1.730M | $500.0K | $550.0K |
YoY Change | -32.68% | 614.29% | 1733.33% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $5.420M | $1.090M | $970.0K |
YoY Change | 21.25% | -49.54% | 340.91% |
% of Gross Profit | |||
Research & Development | $19.08M | $7.740M | $4.713M |
YoY Change | -5.85% | 44.4% | 35.24% |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $24.50M | $8.833M | $5.685M |
YoY Change | -0.95% | 17.54% | 53.48% |
Operating Profit | -$22.78M | -$5.139M | |
YoY Change | 2.76% | 39.68% | |
Interest Expense | $0.00 | $10.00K | $0.00 |
YoY Change | -100.0% | -106.25% | -100.0% |
% of Operating Profit | |||
Other Income/Expense, Net | $98.00K | $12.00K | $11.00K |
YoY Change | -133.0% | -102.0% | -115.71% |
Pretax Income | -$22.68M | -$8.320M | -$5.130M |
YoY Change | 0.98% | 3.35% | 36.8% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$22.68M | -$8.323M | -$5.128M |
YoY Change | 0.96% | 3.38% | 36.78% |
Net Earnings / Revenue | -1310.81% | -1664.6% | -932.36% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.003M | -$380.4K | -$235.3K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 | 2016 Q4 | 2016 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.23M | $35.09M | $39.35M |
YoY Change | -45.2% | ||
Cash & Equivalents | $19.23M | $35.09M | $39.35M |
Short-Term Investments | |||
Other Short-Term Assets | $1.860M | $821.0K | $574.0K |
YoY Change | 2557.14% | 1163.08% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $21.41M | $35.98M | $39.95M |
YoY Change | -40.49% | -28.97% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $21.41M | $35.98M | $39.95M |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $21.41M | $35.98M | $39.95M |
YoY Change | -40.49% | -28.97% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.650M | $2.473M | $4.460M |
YoY Change | 47.77% | 169.68% | |
Accrued Expenses | $410.0K | $290.0K | |
YoY Change | 41.38% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $6.370M | $3.673M | $4.459M |
YoY Change | 73.57% | 105.2% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.370M | $3.673M | $4.459M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $6.370M | $3.673M | $4.459M |
YoY Change | 73.57% | -13.74% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$36.35M | -$28.03M | |
YoY Change | 161.68% | ||
Common Stock | $2.000K | $2.000K | |
YoY Change | 100.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $15.04M | $32.31M | $35.49M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $21.41M | $35.98M | $39.95M |
YoY Change | -40.49% | -28.97% |
Cashflow Statement
Concept | 2017 | 2016 Q4 | 2016 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$22.68M | -$8.323M | -$5.128M |
YoY Change | 0.96% | 3.38% | 36.78% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$15.46M | -$4.170M | -$1.890M |
YoY Change | 55.39% | 471.23% | -20.92% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$400.0K | -$100.0K | -$1.000M |
YoY Change | -87.34% | -81.13% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$400.0K | -$100.0K | -$1.000M |
YoY Change | -87.34% | -81.13% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
YoY Change | -100.0% | -100.0% | -100.0% |
NET CHANGE | |||
Cash From Operating Activities | -15.46M | -4.170M | -1.890M |
Cash From Investing Activities | -400.0K | -100.0K | -1.000M |
Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
Net Change In Cash | -15.86M | -4.270M | -2.890M |
YoY Change | 3.45% | -110.9% | -125.73% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$15.46M | -$4.170M | -$1.890M |
Capital Expenditures | -$400.0K | -$100.0K | -$1.000M |
Free Cash Flow | -$15.06M | -$4.070M | -$890.0K |
YoY Change | 121.81% | 1935.0% | -62.76% |
Facts In Submission
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Entity Well Known Seasoned Issuer
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Entity Voluntary Filers
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0 | USD |
CY2017 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
0 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | USD |
CY2017 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-15861000 | USD |
CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
CY2017 | ck0001651407 |
Debt Discount Associated With Warrant Liabilities
DebtDiscountAssociatedWithWarrantLiabilities
|
0 | USD |
CY2016 | us-gaap |
Stock Issued1
StockIssued1
|
3024000 | USD |
CY2015 | us-gaap |
Stock Issued1
StockIssued1
|
0 | USD |
CY2017 | us-gaap |
Stock Issued1
StockIssued1
|
3919000 | USD |
CY2015Q1 | ck0001651407 |
Equity Method Investment Annual Equity Feepercentage
EquityMethodInvestmentAnnualEquityFeepercentage
|
0.025 | pure |
CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
2900000 | USD |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
60000 | shares |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
60000 | shares |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.43 | |
CY2017 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.43 | |
CY2017 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y1M2D | |
CY2016 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y11M16D | |
CY2016 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
3867000 | USD |
CY2017 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
3117000 | USD |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.11 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.01 | pure |
CY2017Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
10662000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
5148000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
1839000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
1624000 | USD |
CY2017Q4 | ck0001651407 |
Deferred Tax Assets Tax Deferred Expense Change In Fair Value Of Warrant Liabilities
DeferredTaxAssetsTaxDeferredExpenseChangeInFairValueOfWarrantLiabilities
|
149000 | USD |
CY2016Q4 | ck0001651407 |
Deferred Tax Assets Tax Deferred Expense Change In Fair Value Of Warrant Liabilities
DeferredTaxAssetsTaxDeferredExpenseChangeInFairValueOfWarrantLiabilities
|
157000 | USD |
CY2017Q4 | ck0001651407 |
Deferred Tax Assets Amortization Of License
DeferredTaxAssetsAmortizationOfLicense
|
5410000 | USD |
CY2016Q4 | ck0001651407 |
Deferred Tax Assets Amortization Of License
DeferredTaxAssetsAmortizationOfLicense
|
4656000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
11000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
25000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
905000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
733000 | USD |
CY2017Q4 | ck0001651407 |
Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
|
46000 | USD |
CY2016Q4 | ck0001651407 |
Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
|
54000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
19022000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
12397000 | USD |
CY2016Q4 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
498000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
19022000 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12397000 | USD |
CY2017Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3645000 | USD |
CY2016Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2473000 | USD |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
405000 | USD |
CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
291000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1466000 | USD |
CY2016Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
378000 | USD |
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
246000 | USD |
CY2016Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
213000 | USD |
CY2017Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
693000 | USD |
CY2017Q2 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
351000 | USD |
CY2017Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
349000 | USD |
CY2017Q4 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
332000 | USD |
CY2016Q1 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
277000 | USD |
CY2016Q2 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
1249000 | USD |
CY2016Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
546000 | USD |
CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
5107000 | USD |
CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
6823000 | USD |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
6299000 | USD |
CY2017Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
6271000 | USD |
CY2016Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
3549000 | USD |
CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
6667000 | USD |
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
5685000 | USD |
CY2016Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
8833000 | USD |
CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-333000 | USD |
CY2016Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
13000 | USD |
CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
11000 | USD |
CY2016Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
12000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4383000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6448000 | USD |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5928000 | USD |
CY2017Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5918000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3605000 | USD |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5405000 | USD |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5128000 | USD |
CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8323000 | USD |
CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.2 | |
CY2017Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.28 | |
CY2017Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.26 | |
CY2017Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.26 | |
CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.17 | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.25 | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.24 | |
CY2016Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.38 | |
CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
18512429 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18512429 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
17426876 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17426876 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
591836 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
721699 | shares |
CY2017 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
3117000 | USD |
CY2017 | ck0001651407 |
Stock Issued During Period Value Common Shares For Services
StockIssuedDuringPeriodValueCommonSharesForServices
|
0 | USD |
CY2017 | ck0001651407 |
Stock Issued During Period Value Issuable For Services
StockIssuedDuringPeriodValueIssuableForServices
|
2296000 | USD |
CY2017 | ck0001651407 |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
0 | USD |
CY2017 | us-gaap |
Research And Development Asset Acquired Other Than Through Business Combination Written Off
ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff
|
400000 | USD |
CY2017 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | USD |
CY2016 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | USD |
CY2015 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
6321000 | USD |
CY2017 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><i>Use of Estimates</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2016 | ck0001651407 |
Effective Income Tax Rate Reconciliation Provision To Return
EffectiveIncomeTaxRateReconciliationProvisionToReturn
|
0.05 | pure |
CY2016 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6924169 | shares |
CY2017 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6997671 | shares |
CY2015 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6786782 | shares |
CY2017Q1 | ck0001651407 |
Agreement Description Terms
AgreementDescriptionTerms
|
(i) issue annually to Fortress, on the anniversary date of the Founders Agreement, shares of common stock equal to two and one-half percent (2.5%) of the fully-diluted outstanding equity of Checkpoint at the time of issuance; (ii) pay an equity fee in shares of common stock, payable within five (5) business days of the closing of any equity or debt financing for Checkpoint or any of its respective subsidiaries that occurs after the effective date of the Founders Agreement and ending on the date when Fortress no longer has majority voting control in Checkpoint’s voting equity, equal to two and one-half percent (2.5%) of the gross amount of any such equity or debt financing; and (iii) pay a cash fee equal to four and one half percent (4.5%) of Checkpoint’s annual net sales, payable on an annual basis, within ninety (90) days of the end of each calendar year. In the event of a change in control (as it is defined in the Founders Agreement), Checkpoint will pay a one-time change in control fee equal to five times (5x) the product of (i) monthly net sales for the twelve (12) months immediately preceding the change in control and (ii) four and one-half percent (4.5%). | |
CY2015 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
3252000 | USD |
CY2017Q4 | ck0001651407 |
Shelf Registration Statement Maximum Authorized Securities
ShelfRegistrationStatementMaximumAuthorizedSecurities
|
100000000 | USD |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.02 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.03 | pure |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
-0.27 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0 | pure |
CY2017 | ck0001651407 |
Effective Income Tax Rate Reconciliation Change In State Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInStateTaxRatePercent
|
0.08 | pure |
CY2016 | ck0001651407 |
Effective Income Tax Rate Reconciliation Change In State Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInStateTaxRatePercent
|
-0.02 | pure |
CY2017 | ck0001651407 |
Effective Income Tax Rate Reconciliation Provision To Return
EffectiveIncomeTaxRateReconciliationProvisionToReturn
|
0.05 | pure |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-0.04 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-0.04 | pure |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.02 | pure |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.3 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.36 | pure |
CY2017 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2016 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2017Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
31000 | USD |
CY2017Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
24000 | USD |
CY2017Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
22000 | USD |
CY2017Q4 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
21000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
0 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
46396000 | USD |
CY2015Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
324000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
6200000 | USD |
CY2017 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD |
CY2016Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
0 | USD |