2023 Q1 Form 10-K Financial Statement

#000121390023024310 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $29.70K $65.41K
YoY Change -47.34% -65.74%
Cost Of Revenue $410.00 $3.734K
YoY Change -99.15% -97.49%
Gross Profit $29.29K $61.67K
YoY Change 249.11% 46.84%
Gross Profit Margin 98.62% 94.29%
Selling, General & Admin $7.610M $5.575M $20.01M
YoY Change 60.17% 22.45% 22.39%
% of Gross Profit 19034.82% 32438.46%
Research & Development $3.408M $2.843M $10.68M
YoY Change 48.96% -12.12% -18.68%
% of Gross Profit 9707.14% 17316.13%
Depreciation & Amortization $16.86K $22.52K $84.62K
YoY Change -16.73% 12.32% 36.72%
% of Gross Profit 76.89% 137.2%
Operating Expenses $11.02M $8.419M $30.69M
YoY Change 56.53% 8.09% 4.09%
Operating Profit -$11.02M -$8.389M -$30.62M
YoY Change 56.66% 7.83% 4.03%
Interest Expense $8.776K $180.3K $26.52K
YoY Change -579.56% -1728.46% -216.19%
% of Operating Profit
Other Income/Expense, Net $450.0K $336.6K
YoY Change -24647.35% -1574.77%
Pretax Income -$10.57M -$8.209M -$30.29M
YoY Change 50.23% 5.36% 2.81%
Income Tax $0.00 -$585.6K
% Of Pretax Income
Net Earnings -$10.57M -$8.209M -$29.70M
YoY Change 50.23% 5.36% 5.29%
Net Earnings / Revenue -27639.56% -45409.9%
Basic Earnings Per Share -$0.24 -$0.74
Diluted Earnings Per Share -$0.24 -$0.20 -$0.74
COMMON SHARES
Basic Shares Outstanding 44.50M shares 41.28M shares 40.27M shares
Diluted Shares Outstanding 44.09M shares 40.27M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.60M $58.79M $58.79M
YoY Change -9.87% -10.19% -10.19%
Cash & Equivalents $25.27M $43.15M $43.15M
Short-Term Investments $30.33M $15.64M $15.64M
Other Short-Term Assets $1.181M $758.8K $758.8K
YoY Change 45.71% -20.47% -20.47%
Inventory $0.00
Prepaid Expenses $2.910K $11.02K
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $56.78M $59.55M $59.55M
YoY Change -9.15% -10.41% -10.41%
LONG-TERM ASSETS
Property, Plant & Equipment $1.608M $1.610M $2.385M
YoY Change -30.95% 9.14% 0.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $102.4K $102.3K $102.3K
YoY Change 0.04% 0.01% 0.01%
Total Long-Term Assets $2.452M $2.487M $2.487M
YoY Change 0.9% 0.42% 0.42%
TOTAL ASSETS
Total Short-Term Assets $56.78M $59.55M $59.55M
Total Long-Term Assets $2.452M $2.487M $2.487M
Total Assets $59.23M $62.04M $62.04M
YoY Change -8.78% -10.02% -10.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.447M $2.202M $2.202M
YoY Change -16.86% -0.34% -0.33%
Accrued Expenses $3.089M $3.974M $4.109M
YoY Change 20.95% 31.84% 31.04%
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 $4.675M $6.311M $6.311M
YoY Change 8.85% 18.07% 18.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $631.4K $667.6K $667.6K
YoY Change -18.0% -16.8% -16.8%
Total Long-Term Liabilities $631.4K $667.6K $667.6K
YoY Change -18.0% -16.8% -16.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.675M $6.311M $6.311M
Total Long-Term Liabilities $631.4K $667.6K $667.6K
Total Liabilities $5.306M $6.979M $6.979M
YoY Change 4.77% 13.52% 13.52%
SHAREHOLDERS EQUITY
Retained Earnings -$285.9M -$275.4M
YoY Change 12.09%
Common Stock $44.50K $42.82K
YoY Change 12.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $53.93M $55.06M $55.06M
YoY Change
Total Liabilities & Shareholders Equity $59.23M $62.04M $62.04M
YoY Change -8.78% -10.02% -10.02%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$10.57M -$8.209M -$29.70M
YoY Change 50.23% 5.36% 5.29%
Depreciation, Depletion And Amortization $16.86K $22.52K $84.62K
YoY Change -16.73% 12.32% 36.72%
Cash From Operating Activities -$10.39M -$6.155M -$24.36M
YoY Change 54.11% 4.86% 15.13%
INVESTING ACTIVITIES
Capital Expenditures $14.77K $128.8K $219.4K
YoY Change -441.81% -120.48% -115.39%
Acquisitions
YoY Change
Other Investing Activities -$14.67M $126.9K -$3.490M
YoY Change 250.73% -101.95% -54.73%
Cash From Investing Activities -$14.69M -$1.860K -$3.709M
YoY Change 250.72% -99.97% -59.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $17.77M
YoY Change -57.45%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $7.200M 6.046M $17.90M
YoY Change 139.68% -57.14%
NET CHANGE
Cash From Operating Activities -$10.39M -6.155M -$24.36M
Cash From Investing Activities -$14.69M -1.860K -$3.709M
Cash From Financing Activities $7.200M 6.046M $17.90M
Net Change In Cash -$17.88M -111.1K -$10.18M
YoY Change 125.51% -99.15% -188.74%
FREE CASH FLOW
Cash From Operating Activities -$10.39M -$6.155M -$24.36M
Capital Expenditures $14.77K $128.8K $219.4K
Free Cash Flow -$10.41M -$6.284M -$24.58M
YoY Change 54.43% 19.9% 24.56%

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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Warrant Exercises
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CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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53551277 usd
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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10 usd
CY2021 crmd Conversion Of Preferred Stock To Common Stock
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5055 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
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CY2021 crmd Deposit On Equipment Reclassified From Prepaid Expenses And Current Assets To Property And Equipment
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501821 usd
CY2022 crmd At The Market Issuance Sales Agreement
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50000000 usd
CY2022 crmd Available For The Issuance Of Equity
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<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Use of Estimates</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"> </p>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43148323 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53317405 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
226422 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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233872 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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43374745 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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53551277 usd
CY2022Q4 crmd Amortized Cost
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22956564 usd
CY2022Q4 crmd Gross Unrealized Losses
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4140 usd
CY2022Q4 crmd Gross Unrealized Gains
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3537 usd
CY2022Q4 crmd Fair Value
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CY2021Q4 crmd Amortized Cost
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22617515 usd
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5751 usd
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93 usd
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22611857 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
22955961 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
22611857 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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9442 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
10221 usd
CY2021Q4 crmd Cash Reimbursed
CashReimbursed
48000 usd
CY2022Q4 us-gaap Restricted Cash
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124000 usd
CY2021Q4 us-gaap Restricted Cash
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132000 usd
CY2022Q4 crmd Longterm Restricted Cash
LongtermRestrictedCash
102000 usd
CY2021Q4 crmd Longterm Restricted Cash
LongtermRestrictedCash
102000 usd
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3008 usd
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1609679 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1474937 usd
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449787 usd
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365169 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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10110769 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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8863517 shares
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4430000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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172000 usd
CY2022 crmd Reported Revenues
ReportedRevenues
65408 usd
CY2021 crmd Reported Revenues
ReportedRevenues
190936 usd
CY2022 crmd Revenues Attributable From Countries
RevenuesAttributableFromCountries
65408 usd
CY2021 crmd Revenues Attributable From Countries
RevenuesAttributableFromCountries
190936 usd
CY2022Q4 us-gaap Assets
Assets
62038259 usd
CY2021Q4 us-gaap Assets
Assets
68945576 usd
CY2022 crmd Total Assets Located In Countries
TotalAssetsLocatedInCountries
61740478 usd
CY2021 crmd Total Assets Located In Countries
TotalAssetsLocatedInCountries
68558413 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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CY2021Q4 us-gaap Accrued Professional Fees Current
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CY2022Q4 us-gaap Accrued Payroll Taxes Current
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2180581 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current
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2508398 usd
CY2022 crmd Manufacturing Development Related
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1214550 usd
CY2021 crmd Manufacturing Development Related
ManufacturingDevelopmentRelated
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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64456 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
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94736 usd
CY2022 crmd Total Accured Expenses
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CY2021 crmd Total Accured Expenses
TotalAccuredExpenses
3014156 usd
CY2021Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
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CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Government Grants
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CY2021 us-gaap Income Tax Expense Benefit Continuing Operations Government Grants
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
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DeferredTaxAssetsOperatingLossCarryforwardsDomestic
44085000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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1592000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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3717000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
10000 usd
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DeferredTaxAssetsOperatingLossCarryforwardsForeign
5000 usd
CY2022Q4 crmd Deferred Tax Assets Capitalized Licensing Fees
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304000 usd
CY2021Q4 crmd Deferred Tax Assets Capitalized Licensing Fees
DeferredTaxAssetsCapitalizedLicensingFees
449000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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5270000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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320000 usd
CY2022Q4 crmd Capitalization
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CY2022Q4 us-gaap Deferred Tax Assets Other
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28000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 crmd Income Tax Reconciliation Changes In Deferred Tax Assets Valuation Allowances
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57761000 usd
CY2021Q4 crmd Income Tax Reconciliation Changes In Deferred Tax Assets Valuation Allowances
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52989000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions
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0.80 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.035 pure
CY2022 crmd Effective Income Tax Rate Reconciliation Adjusted Foreign Nol
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-0.002 pure
CY2021 crmd Effective Income Tax Rate Reconciliation Adjusted Foreign Nol
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-0.083 pure
CY2022 crmd Njnol Adjustment
NJNOLAdjustment
0.019 pure
CY2021 crmd Njnol Adjustment
NJNOLAdjustment
0.042 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.008 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.009 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.157 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.153 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.019 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.042 pure
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
52989000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4805000 usd
CY2022 crmd Increase Decrease Charged Credited To Oci
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-32000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
57762000 usd
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
48480000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4541000 usd
CY2021 crmd Increase Decrease Charged Credited To Oci
IncreaseDecreaseChargedCreditedToOCI
-32000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
52989000 usd
CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
586000 usd
CY2021 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
1250000 usd
CY2021 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
626000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
626000 usd
CY2020 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
1337000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1337000 usd
CY2020 us-gaap Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
30000 usd
CY2022 crmd Cash Reimburse
CashReimburse
41000 usd
CY2022 us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
124000 usd
CY2022 crmd Aggregate Deposit Amount
AggregateDepositAmount
75000 usd
CY2008Q4 crmd Amount Of Initial Licensing Fee
AmountOfInitialLicensingFee
325000 usd
CY2008Q4 crmd Shares Of Equity Of Common Stock
SharesOfEquityOfCommonStock
7996 shares
CY2022 us-gaap Stock Issued During Period Shares Period Increase Decrease
StockIssuedDuringPeriodSharesPeriodIncreaseDecrease
29109 shares
CY2014 crmd Number Of Shares Released In Escrow
NumberOfSharesReleasedInEscrow
7277 shares
CY2022 crmd Number Of Share Held In Escrow Of Common Stock
NumberOfShareHeldInEscrowOfCommonStock
21832 shares
CY2022 crmd Maximum Aggregate Amount Of Cash Payments Due Upon Achievement Of Milestones
MaximumAggregateAmountOfCashPaymentsDueUponAchievementOfMilestones
3000000 usd
CY2022 crmd Balance Of Cash Payments Due Upon Achievement Of Milestones
BalanceOfCashPaymentsDueUponAchievementOfMilestones
2500000 usd
CY2021 crmd Balance Of Cash Payments Due Upon Achievement Of Milestones
BalanceOfCashPaymentsDueUponAchievementOfMilestones
2500000 usd
CY2021Q3 crmd Aggregate Amount
AggregateAmount
50000000 usd
CY2021Q3 crmd Commission Percentage Of Gross Proceeds
CommissionPercentageOfGrossProceeds
0.03 pure
CY2022Q4 crmd Available Amount
AvailableAmount
31600000 usd
CY2022 crmd Net Proceed
NetProceed
129000 usd
CY2021 crmd Net Proceed
NetProceed
165000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
207469 shares
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
3.38
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y4M24D
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
181622 shares
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
21291665 usd
CY2021 crmd Preferred Shares Was Converted Description
PreferredSharesWasConvertedDescription
During the year ended December 31, 2021, 50,000 Series C-3 preferred shares were converted into 100,000 shares of the Company’s common stock by an unrelated party and 10,001 Series G preferred shares were converted into 556,069 shares of the Company’s common stock by a related party. 
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
5
CY2022 crmd Common Stock Percentage
CommonStockPercentage
0.0999 pure
CY2022 us-gaap Preferred Stock Per Share Amounts Of Preferred Dividends In Arrears
PreferredStockPerShareAmountsOfPreferredDividendsInArrears
10
CY2022 crmd Voting Convertible Preferred Stock Description
VotingConvertiblePreferredStockDescription
Each share of Series E preferred stock is convertible into 4.3733 shares of our common stock (subject to adjustment as provided in the certificates of designation for the Series E preferred stock) at a per share price of $3.75 at any time at the option of the holder, except that a holder will be prohibited from converting shares of Series E preferred stock into shares of common stock if, as a result of such conversion, such holder, together with its affiliates, would beneficially own more than 4.99% of the total number of shares of our common stock then issued and outstanding.
CY2022 crmd Aggregate Principal Amount
AggregatePrincipalAmount
10000000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.9
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.56
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3358131 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.53
CY2022 crmd Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
P6Y9M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
337075 usd
CY2022 crmd Share Based Compensation Arrangement By Share Based Payment Award Options Grant In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantInPeriodGross
1627850 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.83
CY2022 crmd Aggregate Intrinsic Value Grantedin Dollars Per Share
AggregateIntrinsicValueGrantedinDollarsPerShare
793792 usd
CY2022 crmd Shares Underlying Stock Options Expired Canceled
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-60053 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8
CY2022 crmd Aggregate Intrinsic Value Expired Canceled
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4968 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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471559 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.16
CY2022 crmd Aggregate Intrinsic Value Forfeiteds
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12849 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4454369 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.21
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1113050 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2638516 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
7.26
CY2022 crmd Weighted Average Remaining Contractual Term Years Vested
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P5Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
366528 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1815853 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.69
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y10M24D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
746522 usd
CY2021 crmd Common Stock Cashless Exercise
CommonStockCashlessExercise
70269 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
56455 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.25
CY2022 crmd Weighted Average Remaining Contractual Life Beginning
WeightedAverageRemainingContractualLifeBeginning
P0Y7M9D
CY2022 crmd Number Of Shares Underlying Warrants Exercised
NumberOfSharesUnderlyingWarrantsExercised
24500 shares
CY2022 crmd Weighted Average Exercise Prices Exercised
WeightedAverageExercisePricesExercised
5.25
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
31955 shares
CY2022 crmd Weighted Average Exercise Price Expired
WeightedAverageExercisePriceExpired
5.25
CY2022 crmd Accounts Receivable From Customers Percentage
AccountsReceivableFromCustomersPercentage
0.10 pure
CY2022 us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
The Company entered into a seven-year operating lease agreement in March 2020 for an office space at 300 Connell Drive, Berkeley Heights, New Jersey 07922.
CY2020Q3 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
17000 usd
CY2022Q4 crmd Rental Agreement Expense
RentalAgreementExpense
400 eur
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
208000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
209000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
803000 usd
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
924000 usd
CY2022 crmd Shortterm Leases
ShorttermLeases
135000 usd
CY2021 crmd Shortterm Leases
ShorttermLeases
668000 usd
CY2022Q4 crmd Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
775000 usd
CY2021Q4 crmd Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
900000 usd
CY2022 crmd Operating Leases
OperatingLeases
199000 usd
CY2021 crmd Operating Leases
OperatingLeases
195000 usd
CY2022 crmd Weighted Average Remaining Description
WeightedAverageRemainingDescription
As of December 31, 2022 and 2021, the weighted average remaining lease term were 4.8 years and 5.8 years, respectively and the weighted average discount rate of 9% and 9% at December 31, 2022 and 2021, respectively. 
CY2022Q4 crmd Operating Leases Future Minimum Payment Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentDueInRollingYearTwo
202000 usd
CY2022Q4 crmd Operating Leases Future Minimum Payment Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentDueInRollingYearThree
205000 usd
CY2022Q4 crmd Operating Leases Future Minimum Payments Due In Four Year
OperatingLeasesFutureMinimumPaymentsDueInFourYear
208000 usd
CY2022Q4 crmd Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
380000 usd
CY2022Q4 crmd Future Minimum Lease Payments
FutureMinimumLeasePayments
995000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
192000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
803000 usd
CY2022 crmd Atm Program Descroption
ATMProgramDescroption
Through March 30, 2023, the Company sold an aggregate of 1,684,592 shares of its common stock under the ATM program (see Note 9) and realized net proceeds of approximately $7,200,000. As of the filing of this Annual Report on Form 10-K, the Company has $24,200,000 available balance under its ATM program and it has $150,000,000 available under its current shelf registration for the issuance of equity, debt or equity-linked securities. 
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
usd
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.74
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.75
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37666081 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40274273 shares
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2022 crmd Conversion Of Series G Preferred Stock To Common Stock
ConversionOfSeriesGPreferredStockToCommonStock
usd
CY2022 crmd Conversion Of Preferred Stock To Common Stock
ConversionOfPreferredStockToCommonStock
usd
CY2022 crmd Deposit On Equipment Reclassified From Prepaid Expenses And Current Assets To Property And Equipment
DepositOnEquipmentReclassifiedFromPrepaidExpensesAndCurrentAssetsToPropertyAndEquipment
usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
usd
CY2021Q4 crmd Capitalization
Capitalization
usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2022 crmd Shares Underlying Stock Options Exercised
SharesUnderlyingStockOptionsExercised
shares
CY2022 crmd Weighted Average Exercise Price Exercised
WeightedAverageExercisePriceExercised
CY2022 crmd Aggregate Intrinsic Value Exerciseds
AggregateIntrinsicValueExerciseds
usd
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
CY2022 crmd Weighted Average Remaining Contractual Life Ending
WeightedAverageRemainingContractualLifeEnding
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001410098

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