2014 Q4 Form 10-Q Financial Statement
#000119312514404759 Filed on November 10, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $1.993M | $1.765M | $7.202M |
YoY Change | 30.74% | -75.5% | 1146.55% |
Cost Of Revenue | $90.00K | $90.00K | $50.00K |
YoY Change | 28.57% | 80.0% | 150.0% |
Gross Profit | $1.900M | $1.680M | $7.150M |
YoY Change | 31.03% | -76.5% | 1176.79% |
Gross Profit Margin | 95.35% | 95.19% | 99.28% |
Selling, General & Admin | $3.060M | $2.720M | $2.850M |
YoY Change | 2.68% | -4.56% | 15.38% |
% of Gross Profit | 161.05% | 161.9% | 39.86% |
Research & Development | $3.650M | $3.705M | $4.171M |
YoY Change | 23.31% | -11.16% | 37.08% |
% of Gross Profit | 192.11% | 220.56% | 58.33% |
Depreciation & Amortization | $50.00K | $40.00K | $30.00K |
YoY Change | 25.0% | 33.33% | 0.0% |
% of Gross Profit | 2.63% | 2.38% | 0.42% |
Operating Expenses | $6.710M | $3.705M | $4.171M |
YoY Change | 12.96% | -11.16% | 37.08% |
Operating Profit | -$4.811M | -$4.753M | $130.4K |
YoY Change | 7.31% | -3745.86% | -102.63% |
Interest Expense | -$880.0K | $933.9K | $964.5K |
YoY Change | -403.45% | -3.18% | -38.95% |
% of Operating Profit | 739.86% | ||
Other Income/Expense, Net | -$827.1K | -$1.998M | |
YoY Change | -58.61% | -226.8% | |
Pretax Income | -$5.690M | -$5.580M | -$1.870M |
YoY Change | 35.48% | 198.4% | -44.84% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$5.689M | -$5.580M | -$1.868M |
YoY Change | 35.51% | 198.75% | -44.82% |
Net Earnings / Revenue | -285.49% | -316.18% | -25.93% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$330.8K | -$324.4K | -$113.4K |
COMMON SHARES | |||
Basic Shares Outstanding | 86.00M shares | 86.00M shares | 81.69M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $49.80M | $54.60M | $63.20M |
YoY Change | -14.43% | -13.61% | 53.77% |
Cash & Equivalents | $7.747M | $7.933M | $13.78M |
Short-Term Investments | $42.00M | $46.70M | $49.40M |
Other Short-Term Assets | $500.0K | $700.0K | $500.0K |
YoY Change | 0.0% | 40.0% | 0.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.961M | $1.839M | $1.156M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $52.21M | $57.11M | $64.89M |
YoY Change | -13.22% | -12.0% | 53.77% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $407.7K | $407.4K | $467.5K |
YoY Change | -8.51% | -12.86% | -6.5% |
Goodwill | $8.982M | $8.982M | $8.982M |
YoY Change | 0.0% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $800.0K | $1.500M | $3.900M |
YoY Change | -92.52% | -61.54% | 387.5% |
Other Assets | $67.54K | $77.56K | $116.9K |
YoY Change | -35.08% | -33.66% | -41.54% |
Total Long-Term Assets | $10.40M | $11.10M | $13.65M |
YoY Change | -49.09% | -18.7% | 31.29% |
TOTAL ASSETS | |||
Total Short-Term Assets | $52.21M | $57.11M | $64.89M |
Total Long-Term Assets | $10.40M | $11.10M | $13.65M |
Total Assets | $62.61M | $68.21M | $78.55M |
YoY Change | -22.31% | -13.16% | 49.33% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.349M | $2.371M | $2.291M |
YoY Change | 15.33% | 3.52% | -15.16% |
Accrued Expenses | $2.008M | $1.942M | $1.977M |
YoY Change | 5.03% | -1.77% | 52.07% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $5.710M | $5.522M | $1.450M |
YoY Change | 118.76% | 280.81% | |
Total Short-Term Liabilities | $10.07M | $9.835M | $5.718M |
YoY Change | 53.49% | 72.01% | 42.94% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $22.59M | $23.54M | $29.13M |
YoY Change | -19.17% | -19.19% | |
Other Long-Term Liabilities | $174.0K | $187.4K | $197.9K |
YoY Change | -11.55% | -5.3% | -93.18% |
Total Long-Term Liabilities | $22.76M | $23.73M | $29.33M |
YoY Change | -19.11% | -19.1% | 911.37% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.07M | $9.835M | $5.718M |
Total Long-Term Liabilities | $22.76M | $23.73M | $29.33M |
Total Liabilities | $32.83M | $33.56M | $36.97M |
YoY Change | -7.31% | -9.23% | 435.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$779.6M | -$773.9M | -$756.6M |
YoY Change | 2.46% | 2.28% | |
Common Stock | $810.9M | $872.3K | $853.5K |
YoY Change | 93016.24% | 2.2% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.524M | $1.524M | $1.524M |
YoY Change | 0.0% | 0.0% | |
Treasury Stock Shares | 1.223M shares | 1.223M shares | 1.223M shares |
Shareholders Equity | $29.78M | $34.65M | $41.57M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $62.61M | $68.21M | $78.55M |
YoY Change | -22.31% | -13.16% | 49.33% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.689M | -$5.580M | -$1.868M |
YoY Change | 35.51% | 198.75% | -44.82% |
Depreciation, Depletion And Amortization | $50.00K | $40.00K | $30.00K |
YoY Change | 25.0% | 33.33% | 0.0% |
Cash From Operating Activities | -$4.690M | -$2.080M | $270.0K |
YoY Change | -14.88% | -870.37% | -106.46% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$20.00K | -$10.00K | -$100.0K |
YoY Change | 0.0% | -90.0% | 900.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $5.280M | $690.0K | -$5.960M |
YoY Change | -189.34% | -111.58% | 341.48% |
Cash From Investing Activities | $5.250M | $680.0K | -$6.060M |
YoY Change | -188.53% | -111.22% | 345.59% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -740.0K | -820.0K | 9.820M |
YoY Change | -110.21% | -108.35% | 679.37% |
NET CHANGE | |||
Cash From Operating Activities | -4.690M | -2.080M | 270.0K |
Cash From Investing Activities | 5.250M | 680.0K | -6.060M |
Cash From Financing Activities | -740.0K | -820.0K | 9.820M |
Net Change In Cash | -180.0K | -2.220M | 4.030M |
YoY Change | -95.7% | -155.09% | -194.16% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.690M | -$2.080M | $270.0K |
Capital Expenditures | -$20.00K | -$10.00K | -$100.0K |
Free Cash Flow | -$4.670M | -$2.070M | $370.0K |
YoY Change | -14.94% | -659.46% | -108.87% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
86004857 | shares |
CY2013Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
1926465 | |
CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13778686 | |
CY2014Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2014Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2014Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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CY2014Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
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CY2014Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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|
3.55 | |
CY2014Q3 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
1373517 | shares |
CY2014Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
313452 | |
CY2014Q3 | us-gaap |
Common Stock Value
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|
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Common Stock Par Or Stated Value Per Share
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|
0.01 | |
CY2014Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
9834654 | |
CY2014Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2014Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
3464 | |
CY2014Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2371237 | |
CY2014Q3 | us-gaap |
Retained Earnings Accumulated Deficit
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|
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|
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Accrued Liabilities Current
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|
1941894 | |
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Stockholders Equity
StockholdersEquity
|
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Other Liabilities Noncurrent
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|
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Other Accrued Liabilities Current
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|
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Liabilities And Stockholders Equity
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Additional Paid In Capital
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Liabilities
Liabilities
|
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Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
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|
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Cash And Cash Equivalents At Carrying Value
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|
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Goodwill
Goodwill
|
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Property Plant And Equipment Net
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|
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Deferred Finance Costs Gross
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Long Term Investments
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Assets
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|
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Available For Sale Securities Amortized Cost
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Restricted Investments Current
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Treasury Stock Value
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|
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Assets Current
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|
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Debt Instrument Current Carrying Amount
DebtInstrumentCurrentCarryingAmount
|
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Stock Issued During Period Due To Exercise Of Warrants
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|
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CY2014Q3 | cris |
Warrant Liability Noncurrent
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|
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Estimated Fair Value Of Warrants
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|
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Common Stock Shares Outstanding
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CY2013Q4 | us-gaap |
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|
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|
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Retained Earnings Accumulated Deficit
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|
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|
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|
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CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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|
196734 | |
CY2013Q4 | us-gaap |
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|
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|
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Additional Paid In Capital
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|
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|
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CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
35417223 | |
CY2013Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
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|
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CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
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CY2013Q4 | us-gaap |
Goodwill
Goodwill
|
8982000 | |
CY2013Q4 | us-gaap |
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|
104034 | |
CY2013Q4 | us-gaap |
Available For Sale Securities Amortized Cost
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|
47592763 | |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
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|
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CY2013Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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CY2013Q4 | us-gaap |
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|
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Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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15476 | |
CY2013Q4 | us-gaap |
Assets Fair Value Disclosure Nonrecurring
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|
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Certificates Of Deposit At Carrying Value
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CY2013Q4 | us-gaap |
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|
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CY2013Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
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CY2013Q4 | us-gaap |
Assets
Assets
|
80590808 | |
CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1477188 | |
CY2013Q4 | us-gaap |
Restricted Investments Current
RestrictedInvestmentsCurrent
|
13877 | |
CY2013Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1524029 | |
CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
60165947 | |
CY2013Q4 | cris |
Debt Instrument Current Carrying Amount
DebtInstrumentCurrentCarryingAmount
|
2663677 | |
CY2013Q4 | cris |
Warrant Liability Noncurrent
WarrantLiabilityNoncurrent
|
716786 | |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
640000 | shares |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.20 | |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
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CY2014Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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|
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CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.019 | pure |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.70 | pure |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
400000 | shares |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.34 | |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
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CY2014Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
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CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.021 | pure |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.65 | pure |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.29 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-4026852 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
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|
81235922 | shares | |
us-gaap |
Earnings Per Share Basic And Diluted
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|
-0.10 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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|
11905073 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
2308000 | ||
us-gaap |
Increase Decrease In Restricted Cash
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|
-13918 | ||
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
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|
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us-gaap |
Licenses Revenue
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|
10000000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
126482 | ||
us-gaap |
Operating Income Loss
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us-gaap |
Gain Loss On Disposition Of Assets
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|
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us-gaap |
Comprehensive Income Net Of Tax
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|
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us-gaap |
Nonoperating Income Expense
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|
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us-gaap |
Royalty Revenue
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|
2549945 | ||
us-gaap |
Payments Of Debt Issuance Costs
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|
261475 | ||
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
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|
438286 | ||
us-gaap |
Revenues
Revenues
|
13477895 | ||
us-gaap |
Payments To Acquire Marketable Securities
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|
43908127 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
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us-gaap |
Net Income Loss
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|
-8123980 | ||
us-gaap |
Investment Income Interest
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|
117585 | ||
us-gaap |
Increase Decrease In Accounts Receivable
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|
248405 | ||
us-gaap |
Interest Expense
InterestExpense
|
2870087 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9965847 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
78605 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
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|
1030977 | ||
us-gaap |
Fair Value Adjustment Of Warrants
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|
438286 | ||
us-gaap |
Interest Costs Incurred Capitalized
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|
753639 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
104359 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
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|
12747243 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
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|
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us-gaap |
Royalty Expense
RoyaltyExpense
|
127499 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-7689414 | ||
us-gaap |
Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
|
0 | ||
us-gaap |
Costs And Expenses
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|
18411087 | ||
us-gaap |
Paid In Kind Interest
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|
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us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
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us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
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us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
436449 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
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us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1955000 | ||
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
4097128 | ||
us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
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cris |
Common Stock Offering Cost Including Commission
CommonStockOfferingCostIncludingCommission
|
367706 | ||
cris |
Research And Development Revenue
ResearchAndDevelopmentRevenue
|
927950 | ||
cris |
Proceeds From At Market Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromAtMarketIssuanceOfCommonStockNetOfIssuanceCosts
|
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us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
400000 | shares | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
CURIS INC | ||
dei |
Trading Symbol
TradingSymbol
|
CRIS | ||
us-gaap |
Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
|
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In May 2014, the FASB issued guidance codified in ASC 606,<i> Revenue Recognition—Revenue from Contracts with Customers</i>, which amends the guidance in former ASC 605,<i> Revenue Recognition,</i> and is effective for public companies for fiscal years beginning after December 15, 2016. The Company is currently evaluating the impact of the provisions of ASC 606.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In August 2014, the FASB issued an accounting standards update, <i>Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern, </i>which is included in ASC 205, <i>Presentation of Financial Statements</i>. This update provides an explicit requirement for management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosure in certain circumstances. The guidance will be effective for fiscal years beginning after December 15, 2016, and applied prospectively; early adoption is also permitted. The Company does not expect adoption of this guidance to have a material impact on its financial condition or results of operations.</p> </div> | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.79 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left"><b>1.</b></td> <td valign="top" align="left"><b><u>Nature of Business</u></b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Curis, Inc. is an oncology-focused company developing novel drug candidates for the treatment of human cancers. As used throughout these consolidated financial statements, the term “the Company” refers to the business of Curis, Inc. and its wholly owned subsidiaries, except where the context otherwise requires, and the term “Curis” refers to Curis, Inc.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company conducts its research and development programs both internally and through strategic collaborations. The Company is leveraging its experience in targeting signaling pathways to develop drug candidates including CUDC-907, a dual histone deacetylase, or HDAC and phosphoinositide-3 kinase, or PI3K, inhibitor, and CUDC-427, a small molecule antagonist of the inhibitor of apoptosis, or IAP, proteins. Erivedge®, the first and only approved medicine for the treatment of advanced basal cell carcinoma, or BCC, is being commercialized by F. Hoffmann-La Roche Ltd., or Roche, and Genentech Inc., or Genentech, a member of the Roche Group, under a collaboration agreement between Curis and Genentech.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In August 2009, the Company granted a worldwide, exclusive royalty-bearing license to develop, manufacture, market and sell its HSP90 inhibitor technology, including Debio 0932, to Debiopharm Group, or Debiopharm. Under the agreement, Debiopharm had assumed all future development responsibility for Debio 0932 and has incurred all costs related to the development of products under the agreement.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> In August 2012, Debiopharm initiated the HALO, or HSP90 inhibition And Lung cancer Outcomes, phase 1/2 clinical trial of Debio 0932 in combination with various chemotherapy regimens in patients with stage IIIb or IV non-small cell lung cancer, or NSCLC without known epidermal growth factor receptor, or EGFR, mutations. The primary objective of this trial is to analyze the effect of adding Debio 0932 to combination chemotherapy with cisplatin/pemetrexed, cisplatin/ gemcitabine or docetaxel on the rate of progression-free survival at 6 months in first-line or second-line therapy of patients in this trial population.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Debiopharm has recently reviewed available data from all three arms of the ongoing phase 1 portion of the HALO study and has determined that it will not advance to the phase 2 stage of the study. Safety observations were generally consistent with the expected side effects of Debio 0932 and/or the respective chemotherapeutic regimens administered in the trial. No new Debio 0932-related side effects were identified. Debiopharm has informed Curis that it will discontinue the phase 1 portion of this study in November 2014.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Debiopharm has indicated that it plans to return the rights to Debio 0932 to the Company and Curis expects to receive formal notice of termination of the licence agreement from Debiopharm. Curis anticipates that the parties will seek to enter into a transition agreement in the fourth quarter of 2014 regarding the orderly return of the program to Curis. While the Company does not plan to continue further study of Debio 0932 in non-small cell lung cancer, it is exploring the potential to test the molecule in other promising indications, either in company-sponsored or investigator sponsored studies.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company operates in a single reportable segment, which is the research and development of innovative cancer therapeutics. The Company expects that any products that are successfully developed and commercialized would be used in the health care industry and would be regulated in the United States by the Food and Drug Administration, or FDA, and in overseas markets by similar regulatory authorities.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company is subject to risks common to companies in the biotechnology industry as well as risk factors that are specific to the Company’s business, including, but not limited to: the Company’s reliance on Genentech and Roche to successfully commercialize Erivedge in the approved indication of advanced BCC the Company’s ability to advance and expand its research and development programs; the Company’s ability to obtain adequate financing to fund its operations; the ability of the Company’s wholly owned subsidiary, Curis Royalty, LLC, or Curis Royalty, to satisfy the terms of its loan agreement with BioPharma Secured Debt Fund II Sub, S.à r.l., a Luxembourg limited liability company managed by Pharmakon Advisors, or BioPharma-II; the Company’s ability to obtain and maintain necessary intellectual property protection; development by the Company’s competitors of new or better technological innovations; dependence on key personnel; the Company’s ability to comply with regulatory requirements; and the Company’s ability to execute on its overall business strategies.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company’s future operating results will largely depend on the magnitude of payments from its current and potential future corporate collaborators and the progress of drug candidates currently in its development pipeline. The results of the Company’s operations will vary significantly from year to year and quarter to quarter and depend on a number of factors, including, but not limited to: Roche and Genentech’s ability to successfully commercialize Erivedge; the timing, outcome and cost of the Company’s preclinical studies and clinical trials for its drug candidates; and the Company’s ability to successfully enter into one or more material licenses or collaboration agreements for its proprietary drug candidates.</p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 1px 'Times New Roman'; MARGIN-TOP: 6px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">  </p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 62px; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company anticipates that existing cash, cash equivalents and investments at September 30, 2014 should enable it to maintain current and planned operations into 2016. The Company’s ability to continue funding its planned operations beyond this period is dependent upon, among other things, the success of its collaborations with Genentech and the Leukemia & Lymphoma Society, or LLS, including its receipt of additional contingent cash payments under these collaborations; its ability to control expenses and its ability to raise additional funds through equity or debt financings, new collaborations or other sources of financing. The Company may not be able to successfully raise additional funds or enter into or continue any corporate collaborations and the timing, amount and likelihood of the Company receiving payments under such collaborations is highly uncertain. If the Company is unable to obtain adequate financing, the Company may be required to reduce or delay spending on its research and/or development programs.</p> </div> | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-12120518 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
1040000 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
85962415 | shares | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P60D | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.75 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001108205 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.15 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12737636 | shares | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | Segment | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
2213000 | ||
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-13877 | ||
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
91973 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-108511 | ||
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
4279156 | ||
us-gaap |
Licenses Revenue
LicensesRevenue
|
3000000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
168343 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
1750 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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us-gaap |
Royalty Revenue
RoyaltyRevenue
|
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us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | ||
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
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us-gaap |
Revenues
Revenues
|
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us-gaap |
Payments To Acquire Marketable Securities
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|
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us-gaap |
Payments To Acquire Property Plant And Equipment
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|
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us-gaap |
Net Income Loss
NetIncomeLoss
|
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us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
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us-gaap |
Increase Decrease In Accounts Receivable
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|
362131 | ||
us-gaap |
Debt Instrument Increase Accrued Interest
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|
2751378 | ||
us-gaap |
Allocated Share Based Compensation Expense
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|
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us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
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us-gaap |
Interest Expense
InterestExpense
|
2834609 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10180271 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
68716 | ||
us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
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us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
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us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
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us-gaap |
Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
|
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us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
114058 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
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us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
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us-gaap |
Royalty Expense
RoyaltyExpense
|
246280 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
11019468 | ||
us-gaap |
Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
|
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Costs And Expenses
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|
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us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
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Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
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us-gaap |
General And Administrative Expense
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|
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us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
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us-gaap |
Share Based Compensation
ShareBasedCompensation
|
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us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
105000 | ||
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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|
919346 | ||
us-gaap |
Proceeds From Repayments Of Debt
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|
-813810 | ||
cris |
Class Of Warrant Or Right Expiration Year And Month
ClassOfWarrantOrRightExpirationYearAndMonth
|
2015-01 | ||
cris |
Common Stock Offering Cost Including Commission
CommonStockOfferingCostIncludingCommission
|
|||
cris |
Research And Development Revenue
ResearchAndDevelopmentRevenue
|
-44672 | ||
cris |
Adjustments To Additional Paid In Capital Share Based Compensation Mark To Market On Stock Options To Non Employees
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationMarkToMarketOnStockOptionsToNonEmployees
|
37211 | ||
cris |
Proceeds From At Market Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromAtMarketIssuanceOfCommonStockNetOfIssuanceCosts
|
0 | ||
cris |
Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
|
P5M21D | ||
cris |
Share Based Compensation Plans
ShareBasedCompensationPlans
|
2 | Plans | |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
640000 | shares |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
3.09 | |
CY2010Q1 | cris |
Proceeds From Registered Direct Offering Of Common Stock And Warrants Net Of Issuance Costs
ProceedsFromRegisteredDirectOfferingOfCommonStockAndWarrantsNetOfIssuanceCosts
|
14942000 | |
CY2013 | cris |
Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
|
P4M21D | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
82456708 | shares |
CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
CY2013Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11905073 | shares |
CY2013Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
314106 | |
CY2013Q3 | us-gaap |
Licenses Revenue
LicensesRevenue
|
6000000 | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
130368 | |
CY2013Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1862631 | |
CY2013Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1998206 | |
CY2013Q3 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
1080233 | |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
7202083 | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1867838 | |
CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
39024 | |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
964543 | |
CY2013Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4170751 | |
CY2013Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
1072687 | |
CY2013Q3 | us-gaap |
Royalty Expense
RoyaltyExpense
|
54014 | |
CY2013Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
7071715 | |
CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2846950 | |
CY2013Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
922554 | |
CY2013Q3 | cris |
Research And Development Revenue
ResearchAndDevelopmentRevenue
|
121850 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
86004857 | shares |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
CY2014Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
12737636 | shares |
CY2014Q3 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
91973 | |
CY2014Q3 | us-gaap |
Licenses Revenue
LicensesRevenue
|
0 | |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4753031 | |
CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5584080 | |
CY2014Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-827112 | |
CY2014Q3 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
1783271 | |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
1764864 | |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5580143 | |
CY2014Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
38881 | |
CY2014Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
274661 | |
CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
933903 | |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3705365 | |
CY2014Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-67910 | |
CY2014Q3 | us-gaap |
Royalty Expense
RoyaltyExpense
|
89295 | |
CY2014Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
6517895 | |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2723235 | |
CY2014Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
818300 | |
CY2014Q3 | cris |
Research And Development Revenue
ResearchAndDevelopmentRevenue
|
-18407 | |
CY2014Q3 | cris |
Adjustments To Additional Paid In Capital Share Based Compensation Mark To Market On Stock Options To Non Employees
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationMarkToMarketOnStockOptionsToNonEmployees
|
37211 |