2024 Q1 Form 10-K Financial Statement

#000095017024030126 Filed on March 12, 2024

View on sec.gov

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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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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694000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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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
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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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
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0
CY2023 clsd Royalty Purchase And Sale Agreement Issuance Costs
RoyaltyPurchaseAndSaleAgreementIssuanceCosts
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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
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CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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414000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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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
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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
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CY2023 clsd Initial Proceeds From Royalty Purchase And Sale Agreement
InitialProceedsFromRoyaltyPurchaseAndSaleAgreement
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CY2023 clsd Paymentstoroyaltypurchaseandsaleagreement
Paymentstoroyaltypurchaseandsaleagreement
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CY2023 clsd Non Cash Interest Expense On Liability Related To The Sales Of Future Royalites
NonCashInterestExpenseOnLiabilityRelatedToTheSalesOfFutureRoyalites
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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
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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
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2023Q4 us-gaap Preferred Stock Shares Outstanding
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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
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CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-2.5397
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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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
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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

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