2018 Q2 Form 10-Q Financial Statement

#000114420418026127 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q1
Revenue $5.755M $4.925M $3.114M
YoY Change 61.39% 58.17% 72.0%
Cost Of Revenue $1.786M $1.568M $1.254M
YoY Change 20.5% 24.96% 53.08%
Gross Profit $3.970M $3.357M $1.859M
YoY Change 90.46% 80.58% 87.65%
Gross Profit Margin 68.97% 68.17% 59.71%
Selling, General & Admin $6.124M $4.317M $2.667M
YoY Change 74.27% 61.85% 35.37%
% of Gross Profit 154.27% 128.59% 143.46%
Research & Development $1.576M $1.725M $469.5K
YoY Change 244.03% 267.43% -45.15%
% of Gross Profit 39.7% 51.39% 25.26%
Depreciation & Amortization $60.00K $60.00K $60.00K
YoY Change 50.0% 0.0% 100.0%
% of Gross Profit 1.51% 1.79% 3.23%
Operating Expenses $8.157M $6.458M $3.417M
YoY Change 84.76% 89.03% 10.9%
Operating Profit -$4.188M -$3.101M -$1.557M
YoY Change 79.67% 99.11% -25.48%
Interest Expense -$839.8K -$239.1K -$120.4K
YoY Change 580.27% 98.51% -3183.69%
% of Operating Profit
Other Income/Expense, Net -$1.633M $119.1K $32.61K
YoY Change -373.92% 265.38% -87.15%
Pretax Income -$5.821M -$2.982M -$1.525M
YoY Change 235.59% 95.56% -16.96%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.821M -$2.982M -$1.525M
YoY Change 235.59% 95.56% -16.96%
Net Earnings / Revenue -101.14% -60.55% -48.98%
Basic Earnings Per Share
Diluted Earnings Per Share -$192.1K -$101.5K -$59.61K
COMMON SHARES
Basic Shares Outstanding 30.03M shares 29.47M shares 25.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.30M $21.10M $3.200M
YoY Change 54.27% 559.38% -46.67%
Cash & Equivalents $25.28M $21.09M $3.240M
Short-Term Investments
Other Short-Term Assets $1.800M $400.0K $500.0K
YoY Change 350.0% -20.0% 150.0%
Inventory $769.2K $680.2K $857.8K
Prepaid Expenses
Receivables $2.903M $2.352M $1.732M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $30.78M $24.52M $6.281M
YoY Change 56.25% 290.31% -21.49%
LONG-TERM ASSETS
Property, Plant & Equipment $1.770M $1.608M $588.4K
YoY Change 152.79% 173.32% -1.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.396M $2.180M $1.420M
YoY Change 49.75% 53.53% 57.75%
Total Long-Term Assets $4.166M $3.788M $2.008M
YoY Change 77.62% 88.63% 33.88%
TOTAL ASSETS
Total Short-Term Assets $30.78M $24.52M $6.281M
Total Long-Term Assets $4.166M $3.788M $2.008M
Total Assets $34.95M $28.30M $8.289M
YoY Change 58.13% 241.45% -12.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.253M $2.140M $1.660M
YoY Change -21.66% 28.88% 84.46%
Accrued Expenses $2.200M $1.800M $1.600M
YoY Change 37.5% 12.5% 100.0%
Deferred Revenue $39.33K $43.59K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $1.250M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $3.491M $3.986M $6.183M
YoY Change -43.69% -35.53% 90.34%
LONG-TERM LIABILITIES
Long-Term Debt $9.894M $9.900M $3.677M
YoY Change 25.24% 169.25%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $9.894M $9.900M $3.677M
YoY Change 25.24% 169.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.491M $3.986M $6.183M
Total Long-Term Liabilities $9.894M $9.900M $3.677M
Total Liabilities $13.38M $13.90M $9.860M
YoY Change -5.74% 40.98% 208.12%
SHAREHOLDERS EQUITY
Retained Earnings -$161.1M -$145.8M
YoY Change 8.54%
Common Stock $31.42K $29.97K $25.55K
YoY Change 17.3% 0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.56M $14.45M -$1.571M
YoY Change
Total Liabilities & Shareholders Equity $34.95M $28.30M $8.289M
YoY Change 58.13% 241.41% -12.86%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$5.821M -$2.982M -$1.525M
YoY Change 235.59% 95.56% -16.96%
Depreciation, Depletion And Amortization $60.00K $60.00K $60.00K
YoY Change 50.0% 0.0% 100.0%
Cash From Operating Activities -$3.300M -$2.204M -$1.984M
YoY Change 74.6% 11.05% 57.49%
INVESTING ACTIVITIES
Capital Expenditures -$450.0K $243.0K $70.97K
YoY Change 25.0% 242.38% 98.18%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$450.0K -$472.3K -$204.5K
YoY Change 25.0% 130.99% -48.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $666.7K $0.00
YoY Change
Cash From Financing Activities 7.980M 6.443M $176.3K
YoY Change -48.01% 3553.94% 487.76%
NET CHANGE
Cash From Operating Activities -3.300M -2.204M -$1.984M
Cash From Investing Activities -450.0K -472.3K -$204.5K
Cash From Financing Activities 7.980M 6.443M $176.3K
Net Change In Cash 4.230M 3.767M -$2.013M
YoY Change -67.71% -287.17% 23.47%
FREE CASH FLOW
Cash From Operating Activities -$3.300M -$2.204M -$1.984M
Capital Expenditures -$450.0K $243.0K $70.97K
Free Cash Flow -$2.850M -$2.447M -$2.055M
YoY Change 86.27% 19.04% 58.62%

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CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
17025 shares
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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4.77
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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1.26
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CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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4.12
CY2018Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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CY2018Q1 ctso Term Loan Interest Libro Rate Adjusted Monthly
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CY2018Q1 us-gaap Long Term Debt
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CY2018Q1 us-gaap Deferred Finance Costs Net
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CY2018Q1 ctso License Period
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CY2018Q1 us-gaap Commitments And Contingencies
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CY2017Q4 us-gaap Commitments And Contingencies
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CY2018Q1 us-gaap Preferred Stock Shares Authorized
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CY2018Q1 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
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CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2018Q1 us-gaap Common Stock Shares Authorized
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50000000 shares
CY2018Q1 us-gaap Common Stock Shares Issued
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29974368 shares
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
29974368 shares
CY2017Q4 us-gaap Common Stock Shares Issued
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28973679 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
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28973679 shares
CY2018Q1 ctso Stock Issued During Period Value Stock Warrants Exercised
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0 USD
CY2018Q1 us-gaap Proceeds From Contributed Capital
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6046761 USD
CY2017Q1 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
CY2018Q1 us-gaap Basis Of Accounting
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px"> </div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"><font style="FONT-SIZE: 10pt"><b>1.</b></font></td> <td style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt"><b> BASIS OF PRESENTATION</b></font></td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The interim financial statements of CytoSorbents Corporation (the &#8220;Company&#8221;) have been prepared in conformity with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;). In the opinion of management, the Company has made all necessary adjustments, which include normal recurring adjustments necessary for a fair statement of the Company&#8217;s financial position and results of operations for the interim periods presented. Certain information and disclosures normally included in the annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These interim financial statements should be read in conjunction with the audited financial statements and accompanying notes for the year ended December&#160;31, 2017 included in the Company&#8217;s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on March 8, 2018. The results for the three months ended March 31, 2018 and 2017 are not necessarily indicative of the results to be expected for a full year, any other interim periods or any future year or period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">As of March 31, 2018, the Company had an accumulated deficit of $ <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 155,294,671</font>, which included net losses of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2,892,035</font> for the three months ended March 31, 2018 and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,524,873</font> for the three months ended March 31, 2017. The Company&#8217;s losses have resulted principally from costs incurred in the research and development of the Company&#8217;s polymer technology and selling, general and administrative expenses. The Company intends to continue to conduct significant additional research, development, and clinical study activities which, together with expenses incurred for the establishment of manufacturing arrangements and a marketing and distribution presence and other selling, general and administrative expenses, are expected to result in continuing operating losses for the foreseeable future. The amount of future losses and when, if ever, the Company will achieve profitability are uncertain. The Company&#8217;s ability to achieve profitability will depend, among other things, on successfully completing the development of its technology and commercial products, obtaining additional requisite regulatory approvals in markets not covered by the CE mark previously received for the Company&#8217;s CytoSorb product and for potential label extensions of the current CE mark, establishing manufacturing and sales and marketing arrangements with third parties, and raising sufficient funds to finance the Company&#8217;s activities. (See Note 2 for a discussion of the CE mark.) No assurance can be given that the Company&#8217;s product development efforts will be successful, that the Company&#8217;s current CE mark will enable it to achieve profitability, that additional regulatory approvals in other countries will be obtained, that any of the Company&#8217;s products will be manufactured at a competitive cost and will be of acceptable quality, or that the Company will be able to achieve profitability or that profitability, if achieved, can be sustained. These matters raise substantial doubt about the Company&#8217;s ability to continue as a going concern. These consolidated financial statements do not include any adjustments related to the outcome of this uncertainty.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <b>Use of Estimates</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The preparation of 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. Actual results could differ from these estimates. Significant estimates in these financials are the valuation of options granted, and valuation methods used to determine the change in fair value of the down round feature related to certain of the Company&#8217;s outstanding warrants.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><b>Concentration of Credit Risk</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The Company maintains cash balances, at times, with financial institutions in excess of amounts insured by the Federal Deposit Insurance Corporation. Management monitors the soundness of these institutions in an effort to minimize its collection risk of these balances.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> A significant portion of our revenues are from product sales in Germany. Substantially all of our grant and other income are from grant agencies in the United States. (See Note 5 for further information relating to the Company&#8217;s revenue.)</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">As of March 31, 2018, one distributor accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 11</font>% of outstanding grants and accounts receivable. As of March 31, 2017, two distributors accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 37</font>% of outstanding grants and accounts receivable. As of December 31, 2017, two distributors accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 28</font>% of outstanding grants and accounts receivable. For the three months ended March 31, 2018 and 2017, no agency, distributor, or direct customer represented more than <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font></font>% of the Company&#8217;s revenue.&#160;</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2017Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Net Income
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome
146858 USD
CY2018Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
4.55
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
7382918 USD
CY2018Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
862560 shares
CY2018Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y10M17D
CY2018Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2895755 shares
CY2018Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10000000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1666667 USD
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4000000 USD
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4000000 USD
CY2018Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
333333 USD
CY2018Q1 ctso Longterm Debt And Final Fee
LongtermDebtAndFinalFee
10000000 USD
CY2017 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
335731 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
7.05
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
531900 shares
CY2018Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
254000 USD
CY2017Q1 ctso Cytosorb Sales Revenue
CytosorbSalesRevenue
2596133 USD
CY2018Q1 ctso Cytosorb Sales Revenue
CytosorbSalesRevenue
4403896 USD
CY2018Q1 ctso Other Sales Revenue
OtherSalesRevenue
29400 USD
CY2017Q1 ctso Other Sales Revenue
OtherSalesRevenue
0 USD
CY2018Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4433296 USD
CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2596133 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
666667 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2018Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1249731 USD
CY2017Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1267459 USD
CY2018Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
43589 USD
CY2017Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30380 USD

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