2023 Q1 Form 10-Q Financial Statement
#000121390023010315 Filed on February 10, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
Revenue | $0.00 | ||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $5.958M | $3.804M | $3.801M |
YoY Change | 43.98% | 0.08% | 92.96% |
% of Gross Profit | |||
Research & Development | $4.727M | $3.446M | $5.458M |
YoY Change | 36.92% | -36.87% | -11.83% |
% of Gross Profit | |||
Depreciation & Amortization | $730.00 | $730.00 | $730.00 |
YoY Change | 0.0% | 0.0% | |
% of Gross Profit | |||
Operating Expenses | $10.69M | $7.250M | $9.259M |
YoY Change | 40.77% | -21.7% | 13.47% |
Operating Profit | -$10.69M | -$7.250M | -$9.259M |
YoY Change | 40.77% | -21.7% | |
Interest Expense | $303.3K | $214.6K | $33.98K |
YoY Change | 925.63% | 531.4% | 239.8% |
% of Operating Profit | |||
Other Income/Expense, Net | $303.3K | $3.800M | |
YoY Change | |||
Pretax Income | -$10.38M | -$3.450M | -$9.225M |
YoY Change | 37.31% | -62.61% | 13.19% |
Income Tax | $144.0K | $144.0K | |
% Of Pretax Income | |||
Net Earnings | -$10.53M | -$3.594M | -$9.225M |
YoY Change | 39.21% | -61.05% | 13.24% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.07 | -$0.02 | -$0.06 |
Diluted Earnings Per Share | -$0.07 | -$0.02 | -$63.18K |
COMMON SHARES | |||
Basic Shares Outstanding | 146.3M shares | 146.2M shares | 146.0M shares |
Diluted Shares Outstanding | 146.3M shares | 146.2M shares | 146.0M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $29.07M | $36.89M | $65.42M |
YoY Change | -47.87% | -43.62% | 1421.43% |
Cash & Equivalents | $29.07M | $36.89M | $65.42M |
Short-Term Investments | |||
Other Short-Term Assets | $5.836M | $5.430M | $2.524M |
YoY Change | 133.13% | 115.18% | 94.12% |
Inventory | |||
Prepaid Expenses | $5.836M | $5.430M | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $34.90M | $42.32M | $67.94M |
YoY Change | -40.09% | -37.72% | 1113.3% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.639K | $3.370K | $786.2K |
YoY Change | -99.64% | -99.57% | -12.64% |
Goodwill | $9.347M | $9.347M | |
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $38.06K | $38.06K | $38.06K |
YoY Change | 0.0% | 0.0% | |
Total Long-Term Assets | $69.34M | $69.39M | $69.57M |
YoY Change | -0.27% | -0.26% | 134.25% |
TOTAL ASSETS | |||
Total Short-Term Assets | $34.90M | $42.32M | $67.94M |
Total Long-Term Assets | $69.34M | $69.39M | $69.57M |
Total Assets | $104.2M | $111.7M | $137.5M |
YoY Change | -18.43% | -18.77% | 289.56% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.726M | $1.538M | $1.789M |
YoY Change | 59.85% | -14.06% | 78.92% |
Accrued Expenses | $2.251M | $690.4K | $5.552M |
YoY Change | -2.85% | -87.57% | 131.35% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $6.210M | $4.537M | $7.342M |
YoY Change | 54.4% | -38.2% | 109.76% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $374.8K | $428.6K | $630.8K |
YoY Change | -35.63% | -32.05% | -21.16% |
Total Long-Term Liabilities | $374.8K | $428.6K | $630.8K |
YoY Change | -35.63% | -32.05% | -36.93% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.210M | $4.537M | $7.342M |
Total Long-Term Liabilities | $374.8K | $428.6K | $630.8K |
Total Liabilities | $12.43M | $10.67M | $13.56M |
YoY Change | 22.02% | -21.29% | 34.24% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$143.8M | -$133.3M | |
YoY Change | |||
Common Stock | $146.4K | $146.2K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $91.21M | $100.4M | $124.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $104.2M | $111.7M | $137.5M |
YoY Change | -18.43% | -18.77% | 289.56% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$10.53M | -$3.594M | -$9.225M |
YoY Change | 39.21% | -61.05% | 13.24% |
Depreciation, Depletion And Amortization | $730.00 | $730.00 | $730.00 |
YoY Change | 0.0% | 0.0% | |
Cash From Operating Activities | -$7.853M | -$4.824M | -$4.652M |
YoY Change | -18.75% | 3.72% | -51.34% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 31.27K | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -7.853M | -$4.824M | -4.652M |
Cash From Investing Activities | |||
Cash From Financing Activities | 31.27K | ||
Net Change In Cash | -7.822M | -$4.824M | $0.00 |
YoY Change | -19.07% | -100.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.853M | -$4.824M | -$4.652M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
||
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Document Type
DocumentType
|
10-Q | |
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Document Quarterly Report
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true | |
CY2022Q4 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-12-31 | |
CY2022Q4 | dei |
Document Transition Report
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false | |
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Entity File Number
EntityFileNumber
|
001-38174 | |
CY2022Q4 | dei |
Entity Registrant Name
EntityRegistrantName
|
Citius Pharmaceuticals, Inc. | |
CY2022Q4 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2022Q4 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
27-3425913 | |
CY2022Q4 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
11 Commerce Drive | |
CY2022Q4 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
First Floor | |
CY2022Q4 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Cranford | |
CY2022Q4 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NJ | |
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
07016 | |
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City Area Code
CityAreaCode
|
(908) | |
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Local Phone Number
LocalPhoneNumber
|
967-6677 | |
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Security12b Title
Security12bTitle
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Common stock, $0.001 par value | |
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Trading Symbol
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CTXR | |
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NASDAQ | |
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Yes | |
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Non-accelerated Filer | |
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true | |
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Entity Shell Company
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Document Fiscal Year Focus
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|
2023 | |
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Entity Common Stock Shares Outstanding
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|
146257797 | shares |
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Cash And Cash Equivalents At Carrying Value
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|
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Property Plant And Equipment Net
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|
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Depreciation
|
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Depreciation
Depreciation
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-217852 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
372200 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
512108 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-714992 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
2514649 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-344763 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-327690 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-42698 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4824439 | usd |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4651522 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-47488 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4824439 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4651522 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
41711690 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
70072946 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
36887251 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
65421424 | usd |
CY2020Q3 | us-gaap |
Shares Issued
SharesIssued
|
7500000 | shares |
CY2022Q4 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
19400000 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
40000000 | usd |
CY2022Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
9346796 | usd |
CY2022Q4 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of Estimates </i>— Our accounting principles require our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of assets and liabilities at the date of the financial statements, and reported amounts of revenues and expenses during the reporting period. Estimates having relatively higher significance include the accounting for in-process research and development and goodwill impairment, stock-based compensation, valuation of warrants, and income taxes. Actual results could differ from those estimates and changes in estimates may occur.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022Q4 | ctxr |
Negative Cash Flow Operations
NegativeCashFlowOperations
|
-4824439 | usd |
CY2022Q4 | ctxr |
Working Capital
WorkingCapital
|
37800000 | usd |
CY2022Q2 | us-gaap |
Cost Maintenance
CostMaintenance
|
90000 | usd |
CY2021Q2 | us-gaap |
Cost Maintenance
CostMaintenance
|
90000 | usd |
CY2022Q4 | us-gaap |
Royalty Expense
RoyaltyExpense
|
100000 | usd |
CY2022Q4 | us-gaap |
Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
|
25000 | usd |
CY2022Q4 | ctxr |
Maximum Aggregate Annual Royalties
MaximumAggregateAnnualRoyalties
|
150000 | usd |
CY2022Q4 | us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
1100000 | usd |
CY2022Q1 | us-gaap |
Cost Maintenance
CostMaintenance
|
60000 | usd |
CY2021Q1 | us-gaap |
Cost Maintenance
CostMaintenance
|
45000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2034-01-02 | |
CY2022Q4 | ctxr |
Developmental Milestone Description
DevelopmentalMilestoneDescription
|
NoveCite is obligated to pay Novellus up to $51,000,000 upon the achievement of various regulatory and developmental milestones. NoveCite also must pay a royalty equal to low double-digit percentages of net sales, commencing upon the sale of a licensed product. This royalty is subject to downward adjustment to an upper-single digit percentage of net sales in any country in the event of the expiration of the last valid patent claim or if no valid patent claim exists in that country. The royalty will end on the earlier of (i) the date on which a biosimilar product is first marketed, sold, or distributed in the applicable country or (ii) the 10-year anniversary of the date of expiration of the last-to-expire valid patent claim in that country. In the case of a country where no licensed patent ever exists, the royalty will end on the later of (i) the date of expiry of such licensed product’s regulatory exclusivity and (ii) the 10-year anniversary of the date of the first commercial sale of the licensed product in the applicable country. In addition, NoveCite will pay to Eterna an amount equal to a mid-twenties percentage of any sublicensee fees it receives. | |
CY2022Q4 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.50 | pure |
CY2022Q4 | us-gaap |
Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
|
Under the license agreement, Eisai is to receive a $6.0 million development milestone payment upon initial approval and additional commercial milestone payments related to the achievement of net product sales thresholds (which increases to $7 million in the event we have exercised our option to add India to the licensed territory prior to FDA approval) and an aggregate of up to $22 million related to the achievement of net product sales thresholds. We also are required to reimburse Eisai for up to $2.65 million of its costs to complete the ongoing Phase 3 pivotal clinical trial for I/ONTAK for the CTCL indication and reimburse Eisai for all reasonable costs associated with the preparation of a biologics license application (“BLA”) for I/ONTAK. | |
CY2022Q4 | ctxr |
Description Of License Agreement
DescriptionOfLicenseAgreement
|
The term of the license agreement will continue until (i) if there has not been a commercial sale of a licensed product in the territory, until the 10-year anniversary of the original license effective date, March 30, 2016, or (ii) if there has been a first commercial sale of a licensed product in the territory within the 10-year anniversary of the original license effective date, the 10-year anniversary of the first commercial sale on a country-by-country basis. The term of the license may be extended for additional 10-year periods for all countries in the territory by notifying Eisai and paying an extension fee equal to $10 million. | |
CY2022Q4 | ctxr |
Sharebased Compensations Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term4
SharebasedCompensationsArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm4
|
P10Y | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
9400171 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.07 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y9M21D | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
869509 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
3850000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.25 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
13250171 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.83 | |
CY2022Q4 | ctxr |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
|
P8Y2M12D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
169237 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
6057254 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
2.18 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y11M15D | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
169237 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
50000 | shares |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.25 | |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
50000 | shares |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.04 | |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.97 | |
CY2022Q4 | ctxr |
Stock Options Vest Over Terms
StockOptionsVestOverTerms
|
P10Y | |
CY2021Q4 | us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
375000 | shares |
CY2021Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
2.04 | |
CY2021Q4 | ctxr |
Board Of Directors Granted Options To Purchase Shares
BoardOfDirectorsGrantedOptionsToPurchaseShares
|
200000 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity Note Impact Of Conversion Of Contingently Convertible Securities On Diluted Earnings Per Share
StockholdersEquityNoteImpactOfConversionOfContingentlyConvertibleSecuritiesOnDilutedEarningsPerShare
|
$1.87 | |
CY2021Q4 | ctxr |
Share Issued Price Per Share
ShareIssuedPricePerShare
|
1.72 | shares |
CY2022Q4 | ctxr |
Stockbased Compensation Expense Description
StockbasedCompensationExpenseDescription
|
Stock-based compensation expense for the three months ended December 31, 2022 and 2021 was $1,201,081 (including $33,333 for the NoveCite Stock Plan) and $904,604 (including $33,333 for the NoveCite Stock Plan), respectively. | |
CY2022Q4 | ctxr |
Citius Stock Plans
CitiusStockPlans
|
7877302 | usd |
CY2022Q4 | ctxr |
Weighted Average Period Term
WeightedAveragePeriodTerm
|
P2Y1M6D | |
CY2022Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
2000000 | shares |
CY2021Q4 | ctxr |
Common Shares Outstanding
CommonSharesOutstanding
|
2000000 | shares |
CY2021Q4 | ctxr |
Stock Option Plans Description
StockOptionPlansDescription
|
As of December 31, 2022, NoveCite has options outstanding to purchase 2,000,000 common shares at a weighted average exercise price of $0.24 per share, of which 1,251,111 are exercisable. All of these options vest over 36 months and have a term of 10 years. The weighted average remaining contractual term of options outstanding under the NoveCite Stock Plan is 8.1 years. At December 31, 2022, unrecognized total compensation cost related to unvested awards under the NoveCite Stock Plan of $149,777 is expected to be recognized over a weighted average period of 1.2 years. | |
CY2022Q4 | ctxr |
Operating Lease Future Minimum Payments Due In Three Years
OperatingLeaseFutureMinimumPaymentsDueInThreeYears
|
249024 | usd |
CY2022Q4 | ctxr |
Operating Lease Future Minimum Payments Due In Four Years
OperatingLeaseFutureMinimumPaymentsDueInFourYears
|
253883 | usd |
CY2022Q4 | ctxr |
Number Of Warrants Issued
NumberOfWarrantsIssued
|
38235864 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecrease
|
13250171 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
35000 | shares |
CY2022Q4 | ctxr |
Warrants
Warrants
|
38235864 | shares |
CY2022Q4 | ctxr |
Common Stock Reserved
CommonStockReserved
|
51521035 | shares |
CY2022Q4 | ctxr |
Schedule Lease Expense
ScheduleLeaseExpense
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; border-bottom: Black 1.5pt solid">Lease cost</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Three Months Ended<br/> December 31,<br/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Three Months Ended<br/> December 31,<br/> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Operating lease cost</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">59,707</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">59,705</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Variable lease cost</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,158</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">—</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total lease cost</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">60,865</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">59,705</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Other information</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Weighted-average remaining lease term - operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">2.8 Years</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-size: 10pt">3.8 Years</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Weighted-average discount rate - operating leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8.0</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8.0</td><td style="text-align: left">%</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
59707 | usd |
CY2021Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
59705 | usd |
CY2022Q4 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1158 | usd |
CY2022Q4 | us-gaap |
Lease Cost
LeaseCost
|
60865 | usd |
CY2021Q4 | us-gaap |
Lease Cost
LeaseCost
|
59705 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y9M18D | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y9M18D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | pure |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | pure |
CY2022Q4 | ctxr |
Operating Lease Future Minimum Payments Due Current
OperatingLeaseFutureMinimumPaymentsDueCurrent
|
183427 | usd |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | |
CY2022Q4 | ctxr |
Operating Lease Future Minimum Payments Due
OperatingLeaseFutureMinimumPaymentsDue
|
707794 | usd |
CY2022Q4 | ctxr |
Operating Lease Future Minimum Payments Due In Five Years
OperatingLeaseFutureMinimumPaymentsDueInFiveYears
|
21460 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2022Q4 | ctxr |
Less Interest
LessInterest
|
-77048 | usd |
CY2022Q4 | ctxr |
Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
|
630746 | usd |
CY2022Q4 | ctxr |
Schedule Operating Leases Assets And Liabilities
ScheduleOperatingLeasesAssetsAndLiabilities
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; font-weight: bold; border-bottom: Black 1.5pt solid">Leases</td><td style="white-space: nowrap; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Classification</td><td style="white-space: nowrap; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="white-space: nowrap; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31,<br/> 2022</td><td style="white-space: nowrap; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="white-space: nowrap; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">September 30,<br/> 2022</td><td style="white-space: nowrap; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold">Assets</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-bottom: 1.5pt">Lease asset</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; padding-bottom: 1.5pt; text-align: center"> </td><td style="width: 9%; padding-bottom: 1.5pt; text-align: center"><span style="font-size: 10pt">Operating</span></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">599,617</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">646,074</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">Total lease assets</td><td style="padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt; text-align: center"> </td><td style="padding-bottom: 4pt; text-align: center"> </td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">599,617</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">646,074</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold">Liabilities</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Current</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-size: 10pt">Operating</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">202,178</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">196,989</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">Non-current</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"><span style="font-size: 10pt">Operating</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">428,568</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">481,245</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">Total lease liabilities</td><td style="padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt; text-align: center"> </td><td style="padding-bottom: 4pt; text-align: center"> </td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">630,746</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">678,234</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
599617 | usd |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
646074 | usd |
CY2022Q4 | ctxr |
Operating Lease Right Of Use Asset Total
OperatingLeaseRightOfUseAssetTotal
|
599617 | usd |
CY2022Q3 | ctxr |
Operating Lease Right Of Use Asset Total
OperatingLeaseRightOfUseAssetTotal
|
646074 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
202178 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
196989 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
428568 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
481245 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
630746 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
678234 | usd |
CY2022Q4 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
13250 | usd |
CY2021Q4 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
16826 | usd |
CY2022Q4 | us-gaap |
Discontinued Operation Amount Of Adjustment To Prior Period Gain Loss On Disposal Before Income Tax
DiscontinuedOperationAmountOfAdjustmentToPriorPeriodGainLossOnDisposalBeforeIncomeTax
|
3585689 | usd |
CY2022Q4 | us-gaap |
Convertible Preferred Stock Shares Reserved For Future Issuance
ConvertiblePreferredStockSharesReservedForFutureIssuance
|
12000000 | shares |
CY2022Q4 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
35000 | shares |
CY2022Q4 | us-gaap |
Shares Subject To Mandatory Redemption Settlement Terms Maximum Number Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsMaximumNumberOfShares
|
12035000 | shares |
CY2021Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2022Q4 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2021Q4 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
shares | |
CY2022Q4 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022Q4 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--09-30 | |
CY2022Q4 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2022Q4 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001506251 |