2015 Q2 Form 10-Q Financial Statement
#000082787115000042 Filed on August 11, 2015
Income Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
Revenue | $6.002M | $5.792M |
YoY Change | 3.63% | 14.13% |
Cost Of Revenue | $3.348M | $1.556M |
YoY Change | 115.17% | -46.8% |
Gross Profit | $2.654M | $4.236M |
YoY Change | -37.35% | 97.02% |
Gross Profit Margin | 44.22% | 73.14% |
Selling, General & Admin | $5.111M | $2.673M |
YoY Change | 91.21% | 113.66% |
% of Gross Profit | 192.58% | 63.1% |
Research & Development | $5.878M | $4.545M |
YoY Change | 29.33% | 178.44% |
% of Gross Profit | 221.48% | 107.29% |
Depreciation & Amortization | $10.00K | $20.00K |
YoY Change | -50.0% | -66.67% |
% of Gross Profit | 0.38% | 0.47% |
Operating Expenses | $14.34M | $8.774M |
YoY Change | 63.4% | 129.97% |
Operating Profit | -$8.335M | -$2.982M |
YoY Change | 179.51% | -336.71% |
Interest Expense | $3.000K | $5.000K |
YoY Change | -40.0% | -68.79% |
% of Operating Profit | ||
Other Income/Expense, Net | $5.000K | $48.00K |
YoY Change | -89.58% | -109.5% |
Pretax Income | -$8.330M | -$2.934M |
YoY Change | 183.91% | -488.83% |
Income Tax | -$153.0K | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$8.177M | -$2.934M |
YoY Change | 178.7% | -488.83% |
Net Earnings / Revenue | -136.24% | -50.66% |
Basic Earnings Per Share | -$0.53 | -$0.21 |
Diluted Earnings Per Share | -$0.53 | -$0.21 |
COMMON SHARES | ||
Basic Shares Outstanding | 15.55M shares | 14.02M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $103.7M | $49.80M |
YoY Change | 108.23% | 361.11% |
Cash & Equivalents | $13.69M | $49.79M |
Short-Term Investments | $90.00M | |
Other Short-Term Assets | $198.0K | $408.8K |
YoY Change | -51.56% | -89.52% |
Inventory | $2.325M | $329.0K |
Prepaid Expenses | ||
Receivables | $12.98M | $6.712M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $120.6M | $57.76M |
YoY Change | 108.73% | 277.48% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $374.0K | $359.5K |
YoY Change | 4.03% | -10.12% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $104.0K | $45.00K |
YoY Change | 131.11% | |
Total Long-Term Assets | $478.0K | $404.5K |
YoY Change | 18.17% | -19.1% |
TOTAL ASSETS | ||
Total Short-Term Assets | $120.6M | $57.76M |
Total Long-Term Assets | $478.0K | $404.5K |
Total Assets | $121.0M | $58.16M |
YoY Change | 108.1% | 268.1% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $4.783M | $2.521M |
YoY Change | 89.76% | 57.53% |
Accrued Expenses | $13.54M | $7.469M |
YoY Change | 81.26% | 397.92% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $24.58M | $16.25M |
YoY Change | 51.28% | 20.36% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $0.00 | |
YoY Change | -100.0% | |
Total Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | -100.0% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $24.58M | $16.25M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $24.60M | $16.20M |
YoY Change | 51.85% | 14.08% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$98.16M | -$95.07M |
YoY Change | 3.25% | |
Common Stock | $15.00K | $14.02K |
YoY Change | 6.99% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $96.45M | $41.91M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $121.0M | $58.16M |
YoY Change | 108.1% | 268.1% |
Cashflow Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$8.177M | -$2.934M |
YoY Change | 178.7% | -488.83% |
Depreciation, Depletion And Amortization | $10.00K | $20.00K |
YoY Change | -50.0% | -66.67% |
Cash From Operating Activities | -$12.12M | -$4.660M |
YoY Change | 160.09% | 24.27% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$290.0K | -$10.00K |
YoY Change | 2800.0% | -66.67% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$74.00M | $0.00 |
YoY Change | ||
Cash From Investing Activities | -$74.29M | -$10.00K |
YoY Change | 742800.0% | -66.67% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 170.0K | -420.0K |
YoY Change | -140.48% | -104.27% |
NET CHANGE | ||
Cash From Operating Activities | -12.12M | -4.660M |
Cash From Investing Activities | -74.29M | -10.00K |
Cash From Financing Activities | 170.0K | -420.0K |
Net Change In Cash | -86.24M | -5.090M |
YoY Change | 1594.3% | -184.13% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$12.12M | -$4.660M |
Capital Expenditures | -$290.0K | -$10.00K |
Free Cash Flow | -$11.83M | -$4.650M |
YoY Change | 154.41% | 25.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
975899 | shares | |
us-gaap |
Interest Expense
InterestExpense
|
6000 | USD | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-06-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
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CY2015Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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15589844 | shares |
dei |
Entity Filer Category
EntityFilerCategory
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Non-accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
EAGLE PHARMACEUTICALS, INC. | ||
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Accrued Product Costs Current
AccruedProductCostsCurrent
|
839000 | USD |
CY2015Q2 | egrx |
Accrued Product Costs Current
AccruedProductCostsCurrent
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1047000 | USD |
CY2014Q4 | egrx |
Accrued Researchand Development Current
AccruedResearchandDevelopmentCurrent
|
1307000 | USD |
CY2015Q2 | egrx |
Accrued Researchand Development Current
AccruedResearchandDevelopmentCurrent
|
1139000 | USD |
egrx |
Deferred Ipo Costs
DeferredIPOCosts
|
-1000 | USD | |
egrx |
Deferred Ipo Costs
DeferredIPOCosts
|
0 | USD | |
egrx |
Income Taxes Paid Franchise Taxes Paid
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|
8000 | USD | |
egrx |
Income Taxes Paid Franchise Taxes Paid
IncomeTaxesPaidFranchiseTaxesPaid
|
78000 | USD | |
egrx |
Increase Decreasein Prepaid Expenseand Other Current Assets Total
IncreaseDecreaseinPrepaidExpenseandOtherCurrentAssetsTotal
|
554000 | USD | |
egrx |
Increase Decreasein Prepaid Expenseand Other Current Assets Total
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Maximum Expected Cash Proceeds On Additional Milestones
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90000000 | USD |
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Prepaid Fda User Fee
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148000 | USD |
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Royalty Revenue Commercial Partners Obligationof Sales Report Term
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P60D | ||
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Stock Issued During Period Shares Warrants Exercised
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Stock Issued During Period Value Warrants Exercised
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Accounts Payable Current
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3501000 | USD |
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4783000 | USD |
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Accounts Receivable Net Current
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Accounts Receivable Net Current
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Accrued Income Taxes
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Allocated Share Based Compensation Expense
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Cost Of Revenue
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Depreciation
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|
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Depreciation
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Earnings Per Share Basic
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|
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Earnings Per Share Basic
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Earnings Per Share Basic
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0.77 | ||
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Earnings Per Share Diluted
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us-gaap |
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|
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Fair Value Adjustment Of Warrants
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|
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Fair Value Adjustment Of Warrants
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Fair Value Adjustment Of Warrants
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Fair Value Adjustment Of Warrants
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Gain Loss On Sale Of Property Plant Equipment
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|
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Gain Loss On Sale Of Property Plant Equipment
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Income Tax Expense Benefit
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IncomeTaxExpenseBenefit
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|
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Income Tax Expense Benefit
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|
246000 | USD | |
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
174000 | USD | |
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Increase Decrease In Accounts Payable
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|
1282000 | USD | |
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Increase Decrease In Accounts Receivable
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|
120000 | USD | |
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Increase Decrease In Accounts Receivable
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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|
2731000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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|
1373000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-3760000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-260000 | USD | |
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Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
329000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1083000 | USD | |
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Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-1000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
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|
59000 | USD | |
CY2014Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
5000 | USD |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
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|
0 | shares | |
CY2015Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
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|
0 | shares |
us-gaap |
Interest Paid
InterestPaid
|
6000 | USD | |
CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
3000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
4000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
4000 | USD | |
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Inventory Finished Goods
InventoryFinishedGoods
|
1242000 | USD |
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Inventory Finished Goods
InventoryFinishedGoods
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452000 | USD |
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Inventory Net
InventoryNet
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1242000 | USD |
CY2015Q2 | us-gaap |
Inventory Net
InventoryNet
|
2325000 | USD |
CY2014Q4 | us-gaap |
Inventory Raw Materials
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|
0 | USD |
CY2015Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
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591000 | USD |
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Inventory Work In Process
InventoryWorkInProcess
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0 | USD |
CY2015Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1282000 | USD |
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Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
|
1873000 | USD |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
1100000 | USD | |
CY2014Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
18000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
25000 | USD | |
CY2015Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
8000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
15000 | USD | |
CY2014Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
68000 | USD |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
140000 | USD | |
CY2015Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
95000 | USD |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
163000 | USD | |
CY2014Q4 | us-gaap |
Lease Incentive Receivable
LeaseIncentiveReceivable
|
0 | USD |
CY2015Q2 | us-gaap |
Lease Incentive Receivable
LeaseIncentiveReceivable
|
392000 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
50094000 | USD |
CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
121029000 | USD |
CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
22186000 | USD |
CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
24581000 | USD |
CY2014Q2 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
596000 | USD |
us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
665000 | USD | |
CY2015Q2 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
1612000 | USD |
us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
2571000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
46587000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
55427000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-32000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-90326000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6738000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
13716000 | USD | |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2934000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5619000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8177000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
11520000 | USD | |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2934000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6153000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-8177000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-2934000 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1096000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-6153000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-8177000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
11520000 | USD | |
CY2014Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
48000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-328000 | USD | |
CY2015Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
5000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
11000 | USD | |
CY2014Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
8774000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
17382000 | USD | |
CY2015Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
14337000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
30556000 | USD | |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2982000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6586000 | USD | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8335000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11755000 | USD | |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
304000 | USD |
CY2015Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
273000 | USD |
CY2014Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
289000 | USD |
CY2015Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
198000 | USD |
CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
45000 | USD |
CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
104000 | USD |
CY2014Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
35000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
36000 | USD | |
CY2015Q2 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
0 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
0 | USD | |
CY2014Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
3500000 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
3765000 | USD | |
CY2015Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
0 | USD |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
30000000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
187000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
32000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
327000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
89999000 | USD | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1500000 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1500000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1640000 | USD |
CY2015Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1559000 | USD |
CY2014Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
183000 | USD |
CY2015Q2 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
496000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
46069000 | USD |
CY2015Q1 | us-gaap |
Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
|
30000000 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD | |
CY2014Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
21000 | USD |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
21000 | USD | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | USD | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
342000 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
374000 | USD |
CY2015Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
8505000 | USD |
CY2014Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4545000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
8339000 | USD | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5878000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12163000 | USD | |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-109683000 | USD |
CY2015Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-98163000 | USD |
CY2014Q2 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
1942000 | USD |
us-gaap |
Royalty Revenue
RoyaltyRevenue
|
5506000 | USD | |
CY2015Q2 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
2272000 | USD |
us-gaap |
Royalty Revenue
RoyaltyRevenue
|
5525000 | USD | |
CY2014Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
350000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1525000 | USD | |
CY2015Q2 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
3730000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
6786000 | USD | |
CY2014Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
5792000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
10796000 | USD | |
CY2015Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6002000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
42311000 | USD | |
CY2014Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2673000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4128000 | USD | |
CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5111000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
9097000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
304000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1593000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P4Y | ||
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.5684 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.558 | ||
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.3011 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.3033 | ||
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0216 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0221 | ||
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0209 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0209 | ||
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0211 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0169 | ||
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0142 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0142 | ||
CY2014Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
0 | USD |
CY2015Q2 | us-gaap |
Short Term Investments
ShortTermInvestments
|
89999000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
27908000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
96448000 | USD |
CY2014Q2 | us-gaap |
Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
|
0 | USD |
us-gaap |
Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
|
534000 | USD | |
CY2015Q2 | us-gaap |
Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
|
0 | USD |
us-gaap |
Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
|
0 | USD | |
CY2014Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
14020133 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
11455408 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
15546796 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
15876397 | shares | |
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14020133 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11455408 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15546796 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14900498 | shares | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interim Condensed Financial Statements</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim information and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for reporting on Form 10-Q. Accordingly, certain information and footnote disclosures required for complete financial statements are not included herein. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of the financial information for the interim periods reported have been made. Results of operations for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">June 30, 2015</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results for the year ending December 31, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">2015</font><font style="font-family:inherit;font-size:10pt;"> or any period thereafter. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and related notes included in our annual report on Form 10-K for the fiscal year ended September 30, 2014, filed with the Securities and Exchange Commission on December 22, 2014.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 20, 2015, the Board of Directors of the Company authorized a change in the Company’s fiscal year end from September 30</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:10pt;"> to December 31</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">st</sup></font><font style="font-family:inherit;font-size:10pt;">.  The change was intended to better align the Company’s fiscal year with the business cycles of other specialty pharmaceutical companies. As a result of the change in fiscal year, the Company’s 2015 fiscal year began on January 1, 2015 and will end on December 31, 2015.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of the change in fiscal year, on February 17, 2015 the Company filed a Transition Report on Form 10-Q covering the transition period from October 1, 2014 to December 31, 2014.</font></div></div> | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior year amounts to conform with the current year presentation.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed financial statements including disclosure of contingent assets and contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and accompanying notes. The Company's critical accounting policies are those that are both most important to the Company's financial condition and results of operations and require the most difficult, subjective or complex judgments on the part of management in their application, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. Because of the uncertainty of factors surrounding the estimates or judgments used in the preparation of the financial statements, actual results may materially vary from these estimates.</font></div></div> |