2024 Q1 Form 10-K Financial Statement
#000095017024030126 Filed on March 12, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $230.0K | $6.345M | $8.226M |
YoY Change | 5650.0% | 1822.73% | 519.89% |
Cost Of Revenue | $0.00 | $355.0K | |
YoY Change | -100.0% | 74.02% | |
Gross Profit | $6.345M | $7.871M | |
YoY Change | 4935.71% | 600.89% | |
Gross Profit Margin | 100.0% | 95.68% | |
Selling, General & Admin | $2.824M | $2.947M | $11.87M |
YoY Change | -10.58% | -7.01% | 0.84% |
% of Gross Profit | 46.45% | 150.79% | |
Research & Development | $5.615M | $6.313M | $20.85M |
YoY Change | 26.15% | 25.58% | 6.19% |
% of Gross Profit | 99.5% | 264.85% | |
Depreciation & Amortization | $28.00K | $20.00K | $67.00K |
YoY Change | 86.67% | -9.09% | -53.79% |
% of Gross Profit | 0.32% | 0.85% | |
Operating Expenses | $8.439M | $9.260M | $33.07M |
YoY Change | 10.91% | 12.98% | 4.64% |
Operating Profit | -$8.209M | -$2.915M | -$24.84M |
YoY Change | 7.94% | -63.88% | -17.94% |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$3.902M | -$2.277M | -$9.360M |
YoY Change | 80.06% | 11.51% | 180.32% |
Pretax Income | -$11.76M | -$4.832M | -$32.49M |
YoY Change | 26.76% | -49.99% | -1.4% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$11.76M | -$4.832M | -$32.49M |
YoY Change | 26.76% | -49.99% | -1.4% |
Net Earnings / Revenue | -5114.35% | -76.15% | -394.91% |
Basic Earnings Per Share | -$0.17 | -$0.53 | |
Diluted Earnings Per Share | -$0.17 | -$0.08 | -$0.53 |
COMMON SHARES | |||
Basic Shares Outstanding | 74.72M | 62.41M | 61.81M |
Diluted Shares Outstanding | 69.85M | 61.81M |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $35.36M | $28.92M | $28.92M |
YoY Change | -14.64% | -40.07% | -40.07% |
Cash & Equivalents | $35.40M | $28.90M | $28.92M |
Short-Term Investments | |||
Other Short-Term Assets | $193.0K | $311.0K | $1.033M |
YoY Change | -50.0% | -29.16% | -9.62% |
Inventory | |||
Prepaid Expenses | $567.0K | $722.0K | |
Receivables | $0.00 | $170.0K | $170.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $36.12M | $30.12M | $30.12M |
YoY Change | -15.16% | -39.02% | -39.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.194M | $2.996M | $3.865M |
YoY Change | 206.82% | 296.82% | 106.46% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $30.00K | $30.00K | $30.00K |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Assets | $4.027M | $3.895M | $3.895M |
YoY Change | 89.24% | 104.78% | 104.78% |
TOTAL ASSETS | |||
Total Short-Term Assets | $36.12M | $30.12M | $30.12M |
Total Long-Term Assets | $4.027M | $3.895M | $3.895M |
Total Assets | $40.14M | $34.02M | $34.02M |
YoY Change | -10.19% | -33.69% | -33.69% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.363M | $2.205M | $2.205M |
YoY Change | -14.49% | 110.0% | 110.0% |
Accrued Expenses | $4.070M | $4.169M | $4.533M |
YoY Change | 47.79% | -0.24% | 0.11% |
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 | $5.950M | $6.813M | $6.813M |
YoY Change | 19.38% | 17.81% | 17.81% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $56.00M | $480.0K | $43.12M |
YoY Change | 51.31% | -98.63% | 23.5% |
Total Long-Term Liabilities | $56.00M | $480.0K | $43.12M |
YoY Change | 51.31% | -98.63% | 23.5% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.950M | $6.813M | $6.813M |
Total Long-Term Liabilities | $56.00M | $480.0K | $43.12M |
Total Liabilities | $61.95M | $49.93M | $49.93M |
YoY Change | 47.52% | 22.69% | 22.69% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$332.7M | -$320.9M | |
YoY Change | 11.75% | 11.26% | |
Common Stock | $74.00K | $63.00K | |
YoY Change | 21.31% | 3.28% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$21.81M | -$15.91M | -$15.91M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $40.14M | $34.02M | $34.02M |
YoY Change | -10.19% | -33.69% | -33.69% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$11.76M | -$4.832M | -$32.49M |
YoY Change | 26.76% | -49.99% | -1.4% |
Depreciation, Depletion And Amortization | $28.00K | $20.00K | $67.00K |
YoY Change | 86.67% | -9.09% | -53.79% |
Cash From Operating Activities | -$7.851M | $495.0K | -$18.14M |
YoY Change | 8.8% | -108.83% | 35.69% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $57.00K | $120.0K | $1.777M |
YoY Change | -50.43% | 31.87% | 622.36% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$57.00K | -$120.0K | -$1.777M |
YoY Change | -50.43% | 31.87% | 622.36% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 14.34M | -257.0K | 414.0K |
YoY Change | 4220.18% | -144.7% | -98.68% |
NET CHANGE | |||
Cash From Operating Activities | -7.851M | 495.0K | -18.14M |
Cash From Investing Activities | -57.00K | -120.0K | -1.777M |
Cash From Financing Activities | 14.34M | -257.0K | 414.0K |
Net Change In Cash | 6.435M | 118.0K | -19.50M |
YoY Change | -191.94% | -102.3% | -210.02% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.851M | $495.0K | -$18.14M |
Capital Expenditures | $57.00K | $120.0K | $1.777M |
Free Cash Flow | -$7.908M | $375.0K | -$19.91M |
YoY Change | 7.87% | -106.58% | 46.29% |
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61806959 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60204862 | |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
58491986 | |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61806959 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60204862 | |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
59906602 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8763000 | |
CY2021 | clsd |
Stock Issued During Period Value At Market Sales Agreement
StockIssuedDuringPeriodValueAtMarketSalesAgreement
|
12205000 | |
CY2021 | clsd |
Issuance Of Common Shares Value Under A Direct Registered Offering
IssuanceOfCommonSharesValueUnderADirectRegisteredOffering
|
11078000 | |
CY2021 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
111000 | |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
388000 | |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5054000 | |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
376000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37975000 | |
CY2022 | clsd |
Stock Issued During Period Value At Market Sales Agreement
StockIssuedDuringPeriodValueAtMarketSalesAgreement
|
566000 | |
CY2022 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
112000 | |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
17000 | |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4884000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-32947000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10607000 | |
CY2023 | clsd |
Stock Issued During Period Value At Market Sales Agreement
StockIssuedDuringPeriodValueAtMarketSalesAgreement
|
1666000 | |
CY2023 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
65000 | |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
33000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4202000 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-32485000 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-15912000 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-32485000 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-32947000 | |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
376000 | |
CY2023 | clsd |
Non Cash Interest Expense On Liability Related To The Sales Of Future Royalites
NonCashInterestExpenseOnLiabilityRelatedToTheSalesOfFutureRoyalites
|
9361000 | |
CY2022 | clsd |
Non Cash Interest Expense On Liability Related To The Sales Of Future Royalites
NonCashInterestExpenseOnLiabilityRelatedToTheSalesOfFutureRoyalites
|
3339000 | |
CY2021 | clsd |
Non Cash Interest Expense On Liability Related To The Sales Of Future Royalites
NonCashInterestExpenseOnLiabilityRelatedToTheSalesOfFutureRoyalites
|
0 | |
CY2023 | us-gaap |
Depreciation
Depreciation
|
67000 | |
CY2022 | us-gaap |
Depreciation
Depreciation
|
145000 | |
CY2021 | us-gaap |
Depreciation
Depreciation
|
178000 | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4202000 | |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4884000 | |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5054000 | |
CY2023 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
0 | |
CY2022 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
55000 | |
CY2021 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
0 | |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-33000 | |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
998000 | |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
220000 | |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-10420000 | |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
10869000 | |
CY2023 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-456000 | |
CY2022 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
83000 | |
CY2021 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
155000 | |
CY2023 | clsd |
Accounts Payable And Accrued Liabilities To A Related Party
AccountsPayableAndAccruedLiabilitiesToARelatedParty
|
82000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
614000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
694000 | |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
681000 | |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-130000 | |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
205000 | |
CY2021 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-5000000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18135000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-13365000 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10733000 | |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1777000 | |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
246000 | |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1777000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-246000 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | |
CY2023 | clsd |
Royalty Purchase And Sale Agreement Issuance Costs
RoyaltyPurchaseAndSaleAgreementIssuanceCosts
|
1862000 | |
CY2023 | clsd |
Proceeds From Royalty Purchase And Sale Agreement Net Of Issuance Costs
ProceedsFromRoyaltyPurchaseAndSaleAgreementNetOfIssuanceCosts
|
0 | |
CY2022 | clsd |
Proceeds From Royalty Purchase And Sale Agreement Net Of Issuance Costs
ProceedsFromRoyaltyPurchaseAndSaleAgreementNetOfIssuanceCosts
|
-30638000 | |
CY2021 | clsd |
Proceeds From Royalty Purchase And Sale Agreement Net Of Issuance Costs
ProceedsFromRoyaltyPurchaseAndSaleAgreementNetOfIssuanceCosts
|
0 | |
CY2023 | clsd |
Paymentstoroyaltypurchaseandsaleagreement
Paymentstoroyaltypurchaseandsaleagreement
|
1350000 | |
CY2022 | clsd |
Paymentstoroyaltypurchaseandsaleagreement
Paymentstoroyaltypurchaseandsaleagreement
|
0 | |
CY2021 | clsd |
Paymentstoroyaltypurchaseandsaleagreement
Paymentstoroyaltypurchaseandsaleagreement
|
0 | |
CY2023 | clsd |
Proceeds From Issuance At The Market
ProceedsFromIssuanceAtTheMarket
|
1666000 | |
CY2022 | clsd |
Proceeds From Issuance At The Market
ProceedsFromIssuanceAtTheMarket
|
566000 | |
CY2021 | clsd |
Proceeds From Issuance At The Market
ProceedsFromIssuanceAtTheMarket
|
12205000 | |
CY2023 | clsd |
Proceeds From Registered Direct Offering Net Of Issuance Costs
ProceedsFromRegisteredDirectOfferingNetOfIssuanceCosts
|
0 | |
CY2022 | clsd |
Proceeds From Registered Direct Offering Net Of Issuance Costs
ProceedsFromRegisteredDirectOfferingNetOfIssuanceCosts
|
0 | |
CY2021 | clsd |
Proceeds From Registered Direct Offering Net Of Issuance Costs
ProceedsFromRegisteredDirectOfferingNetOfIssuanceCosts
|
11078000 | |
CY2023 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
65000 | |
CY2022 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
112000 | |
CY2021 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
111000 | |
CY2023 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
33000 | |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
17000 | |
CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
388000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
414000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
31333000 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
23782000 | |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-19498000 | |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
17722000 | |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
13049000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
48418000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
30696000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
17647000 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28920000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
48418000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
30696000 | |
CY2023 | clsd |
Purchase Of Property And Equipment Included In Accrued Liabilities
PurchaseOfPropertyAndEquipmentIncludedInAccruedLiabilities
|
531000 | |
CY2022 | clsd |
Purchase Of Property And Equipment Included In Accrued Liabilities
PurchaseOfPropertyAndEquipmentIncludedInAccruedLiabilities
|
282000 | |
CY2021 | clsd |
Purchase Of Property And Equipment Included In Accrued Liabilities
PurchaseOfPropertyAndEquipmentIncludedInAccruedLiabilities
|
0 | |
CY2023 | clsd |
Forgiveness Of Paycheck Protection Program Loan And Accrued Interest
ForgivenessOfPaycheckProtectionProgramLoanAndAccruedInterest
|
0 | |
CY2022 | clsd |
Forgiveness Of Paycheck Protection Program Loan And Accrued Interest
ForgivenessOfPaycheckProtectionProgramLoanAndAccruedInterest
|
0 | |
CY2021 | clsd |
Forgiveness Of Paycheck Protection Program Loan And Accrued Interest
ForgivenessOfPaycheckProtectionProgramLoanAndAccruedInterest
|
998000 | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
28920000 | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
48258000 | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
30436000 | |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
160000 | |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
100000 | |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
0 | |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
160000 | |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
260000 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28920000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
48418000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
30696000 | |
CY2023 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2011-05-26 | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
28900000 | |
CY2024Q1 | clsd |
Proceeds From Registered Direct Offering
ProceedsFromRegisteredDirectOffering
|
13900000 | |
CY2023Q4 | clsd |
Maintance Fees Operating License Liability Payments Remainder Of Fiscal Year
MaintanceFeesOperatingLicenseLiabilityPaymentsRemainderOfFiscalYear
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Operating License Liability Payments Due Next Twelve Months
MaintenanceFeeOperatingLicenseLiabilityPaymentsDueNextTwelveMonths
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Operating License Liability Payments Due Year Two
MaintenanceFeeOperatingLicenseLiabilityPaymentsDueYearTwo
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Operating License Liability Payments Due Year Three
MaintenanceFeeOperatingLicenseLiabilityPaymentsDueYearThree
|
350000 | |
CY2023Q4 | clsd |
Maintenance Fee Operating License Liability Payments Due Year Four
MaintenanceFeeOperatingLicenseLiabilityPaymentsDueYearFour
|
400000 | |
CY2023Q4 | clsd |
Maintenance Fee Operating License Liability Payments Due Year Five
MaintenanceFeeOperatingLicenseLiabilityPaymentsDueYearFive
|
500000 | |
CY2022Q4 | clsd |
Initial Proceeds From Royalty Sale And Purchase Agreement Net Of Certain Expenses
InitialProceedsFromRoyaltySaleAndPurchaseAgreementNetOfCertainExpenses
|
32100000 | |
CY2022 | clsd |
Initial Proceeds From Royalty Purchase And Sale Agreement
InitialProceedsFromRoyaltyPurchaseAndSaleAgreement
|
32500000 | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of consolidated financial statements in conformity with U.S. 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 consolidated financial statements and reported amounts of income and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the estimate of the total amount of future royalty revenue and milestone payments to be generated over the life of the Purchase and Sale Agreement, revenue recognition, the accounting for useful lives to calculate depreciation and amortization, clinical trial expense accruals, share-based compensation expense and income tax valuation allowance. Actual results could differ from these estimates.</span></p> | |
CY2023 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk Arising From Cash Deposits in Excess of Insured Limits</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company maintains its cash in bank deposits that at times may exceed federally insured limits. The Company has not experienced any loss in such accounts. The Company believes it is not exposed to any significant risks with respect to its cash balances.</span></p> | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3916000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1608000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
920000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
853000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2996000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
755000 | |
CY2023Q4 | clsd |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
2078000 | |
CY2022Q4 | clsd |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
1817000 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1862000 | |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1837000 | |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
38000 | |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
49000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
191000 | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
476000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4169000 | |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4179000 | |
CY2022 | clsd |
Initial Proceeds From Royalty Purchase And Sales Agreement
InitialProceedsFromRoyaltyPurchaseAndSalesAgreement
|
32500000 | |
CY2023 | clsd |
Purchase And Sale Agreement Description
PurchaseAndSaleAgreementDescription
|
The Purchase and Sale Agreement will automatically expire, and the payment of Royalties from the Royalty Sub to HCR will cease, when HCR has received payments of the Royalties equal to 2.5 times the aggregate amount of payments made by HCR under the Agreement if the Second Milestone Event is achieved on or prior to December 31, 2024 (the “Initial Cap”). If the Second Milestone Event is not achieved on or prior to December 31, 2024, payment of Royalties from Royalty Sub to HCR will cease when HCR has received Royalties payments equal to 3.4 times the aggregate amount of payments under the Purchase and Sale Agreement (the “Alternative Cap”, and together with the Initial Cap, the “Cap Amount”). In the event of a change in control, acquiror will have the option to make a payment to HCR of the Cap Amount then in effect, less the aggregate amount of Royalty payments made by Royalty Sub to HCR under the Purchase and Sale Agreement as a one-time payment at which time, payment of Royalties to HCR will cease. Alternatively, in the event of a change in control, the acquiror will have the option to make an initial payment of 1.0 times the aggregate amount of payments made by HCR under the Purchase and Sale Agreement as of the date of such change in control, then in that event, payment of Royalties from Royalty Sub to HCR will cease when HCR has received total Royalties payments (including the initial payment) equal to the Alternative Cap. After the Purchase and Sale Agreement expires, all rights to receive the Royalties return to Royalty Sub.On December 22, 2023, the Company, through its wholly owned subsidiary Royalty Sub, entered into the Letter Agreement with the Agent amending that certain Purchase and Sale Agreement, dated as of August 8, 2022, by and among Royalty Sub, HCR and Agent. Pursuant to the terms of the Letter Agreement, Royalty Sub and Agent mutually agreed that Royalty Sub waived any and all rights to the First Milestone Payment in connection with the closing of the transactions contemplated by the Purchase and Sale Agreement and agreed to the release of the First Milestone Payment to Agent. | |
CY2022 | clsd |
Debt Related Commitment Fees And Debt Related Issuance Costs
DebtRelatedCommitmentFeesAndDebtRelatedIssuanceCosts
|
1900000 | |
CY2023 | clsd |
Initial Proceeds From Royalty Purchase And Sale Agreement
InitialProceedsFromRoyaltyPurchaseAndSaleAgreement
|
33977000 | |
CY2023 | clsd |
Paymentstoroyaltypurchaseandsaleagreement
Paymentstoroyaltypurchaseandsaleagreement
|
1350000 | |
CY2023 | clsd |
Non Cash Interest Expense On Liability Related To The Sales Of Future Royalites
NonCashInterestExpenseOnLiabilityRelatedToTheSalesOfFutureRoyalites
|
9361000 | |
CY2023Q4 | clsd |
Liabilities Related To The Sales Of Future Royalties
LiabilitiesRelatedToTheSalesOfFutureRoyalties
|
41988000 | |
CY2023Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.233 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
62850841 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-2.5397 | |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
60639827 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P2Y9M | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
52657000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
50267000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
53966000 | |
CY2023Q4 | clsd |
Deferred Tax Assets Tax Non Deductible Accruals Accrued Expenses
DeferredTaxAssetsTaxNonDeductibleAccrualsAccruedExpenses
|
562000 | |
CY2022Q4 | clsd |
Deferred Tax Assets Tax Non Deductible Accruals Accrued Expenses
DeferredTaxAssetsTaxNonDeductibleAccrualsAccruedExpenses
|
386000 | |
CY2021Q4 | clsd |
Deferred Tax Assets Tax Non Deductible Accruals Accrued Expenses
DeferredTaxAssetsTaxNonDeductibleAccrualsAccruedExpenses
|
469000 | |
CY2023Q4 | clsd |
Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
|
210000 | |
CY2022Q4 | clsd |
Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
|
238000 | |
CY2021Q4 | clsd |
Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
|
96000 | |
CY2023Q4 | clsd |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
246000 | |
CY2022Q4 | clsd |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
274000 | |
CY2021Q4 | clsd |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
176000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
3339000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
2678000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
2768000 | |
CY2023Q4 | clsd |
Deferred Tax Liabilities Depreciation Differences
DeferredTaxLiabilitiesDepreciationDifferences
|
71000 | |
CY2022Q4 | clsd |
Deferred Tax Liabilities Depreciation Differences
DeferredTaxLiabilitiesDepreciationDifferences
|
40000 | |
CY2021Q4 | clsd |
Deferred Tax Liabilities Depreciation Differences
DeferredTaxLiabilitiesDepreciationDifferences
|
44000 | |
CY2023Q4 | clsd |
Royalty Purchases And Sale Agreement
RoyaltyPurchasesAndSaleAgreement
|
10495000 | |
CY2022Q4 | clsd |
Royalty Purchases And Sale Agreement
RoyaltyPurchasesAndSaleAgreement
|
7247000 | |
CY2021Q4 | clsd |
Royalty Purchases And Sale Agreement
RoyaltyPurchasesAndSaleAgreement
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
5777000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
3057000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
84045000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
73699000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
66599000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
6000 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0859 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.0085 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-5.9932 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0144 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0134 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0315 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.0364 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.0218 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.3185 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.2157 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
8.4782 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
-0.0319 | |
CY2023 | clsd |
Adjustment To Prior Year Tax Provision
AdjustmentToPriorYearTaxProvision
|
0 | |
CY2022 | clsd |
Adjustment To Prior Year Tax Provision
AdjustmentToPriorYearTaxProvision
|
0.0067 | |
CY2021 | clsd |
Adjustment To Prior Year Tax Provision
AdjustmentToPriorYearTaxProvision
|
-0.13 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0.0006 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
-0.0009 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0.0397 | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
84000000 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7520000 | |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7520000 | |
CY2023 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
0 | |
CY2022 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
0 | |
CY2023 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
0 | |
CY2022 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
0 | |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7520000 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7520000 | |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
7500000 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
7500000 | |
CY2021 | clsd |
Unrecognized Tax Expenses
UnrecognizedTaxExpenses
|
48000 | |
CY2023 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
0 | |
CY2023 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
Ownership changes, as defined by Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”), may limit the amount of net operating losses that a company may utilize to offset future taxable income and taxes payable. In general, if the Company experiences a greater than 50% aggregate change in ownership over a 3-year period (a Section 382 ownership change), utilization of the Company’s pre-change NOL carryforwards may be subject to limitation under the Code. The annual limitation generally is determined by multiplying the value of the Company’s stock at the time of such ownership change (subject to certain adjustments) by the applicable long-term tax-exempt rate for the month in which the ownership change occurred. Such limitation may result in expiration of a portion of the NOL carryforwards before utilization. The Company has completed an owner shift analysis to determine the dates in which the Company may have experienced a Section 382 ownership change, and determined that the Company experienced ownership changes for Section 382 purposes in January 2012, December 2013, and July 2016. | |
CY2023Q4 | clsd |
Deferred Tax Assets Operating Losses Carryforwards Domestic
DeferredTaxAssetsOperatingLossesCarryforwardsDomestic
|
38000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
2000 | |
CY2023 | clsd |
Schedule Of Operating Leases Assets And Liabilities
ScheduleOfOperatingLeasesAssetsAndLiabilities
|
<span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s operating leases included on the balance sheet are as follows (in thousands):</span> <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:81.56%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:15.44%;"></td> <td style="width:1%;"></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:left;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">December 31, <br/>2023</span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:left;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Operating lease right-of-use asset</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">$</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">869</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Liabilities</span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;"> <td style="text-indent:10pt;white-space:pre-wrap;vertical-align:top;"><p style="margin-left:10pt;text-indent:0;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Current portion of operating lease liabilities</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">$</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">364</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;"> <td style="text-indent:10pt;white-space:pre-wrap;vertical-align:top;"><p style="margin-left:10pt;text-indent:0;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Operating lease liabilities</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">649</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;"> <td style="text-indent:20pt;white-space:pre-wrap;vertical-align:top;"><p style="margin-left:20pt;text-indent:0;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Total operating lease liabilities</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">$</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">1,013</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> </table> | |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
869000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
364000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
649000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1013000 | |
CY2023 | us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
The renewal option is not included in the calculation of the right-of-use asset and the lease liabilities as the Company is not reasonably certain if the Alpharetta, Georgia lease will be renewed. | |
CY2023Q4 | clsd |
Incremental Borrowing Rate
IncrementalBorrowingRate
|
0.08 | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y | |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
362000 | |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
339000 | |
CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
392000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
|
378000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
|
389000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
|
367000 | |
CY2023Q4 | clsd |
Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
|
1134000 | |
CY2023Q4 | clsd |
Operating Lease Imputed Interest
OperatingLeaseImputedInterest
|
121000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1013000 | |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
339000 | |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
262000 | |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
247000 | |
CY2023 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
19000 | |
CY2022 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
87000 | |
CY2021 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
95000 | |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
93000 | |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
86000 | |
CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
12000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due Next Rolling Twelve Months
MaintenanceFeePaymentsDueNextRollingTwelveMonths
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Two
MaintenanceFeePaymentsDueInRollingYearTwo
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Three
MaintenanceFeePaymentsDueInRollingYearThree
|
350000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Four
MaintenanceFeePaymentsDueInRollingYearFour
|
400000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Five
MaintenanceFeePaymentsDueInRollingYearFive
|
500000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due
MaintenanceFeePaymentsDue
|
1750000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Remainder Of Fiscal Year
MaintenanceFeePaymentsRemainderOfFiscalYear
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due Next Rolling Twelve Months
MaintenanceFeePaymentsDueNextRollingTwelveMonths
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Two
MaintenanceFeePaymentsDueInRollingYearTwo
|
250000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Three
MaintenanceFeePaymentsDueInRollingYearThree
|
350000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Four
MaintenanceFeePaymentsDueInRollingYearFour
|
400000 | |
CY2023Q4 | clsd |
Maintenance Fee Payments Due In Rolling Year Five
MaintenanceFeePaymentsDueInRollingYearFive
|
500000 | |
CY2023Q4 | clsd |
Fair Value Assets Between Level1 Level2 And Level3 Transfers Amount
FairValueAssetsBetweenLevel1Level2AndLevel3TransfersAmount
|
0 | |
CY2022Q4 | clsd |
Fair Value Assets Between Level1 Level2 And Level3 Transfers Amount
FairValueAssetsBetweenLevel1Level2AndLevel3TransfersAmount
|
0 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-32485000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-32947000 | |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
376000 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61806959 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60204862 | |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
58491986 | |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61806959 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60204862 | |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
59906602 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.53 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.55 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.53 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.55 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10730465 | |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
8408058 | |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5708394 |