2013 Q4 Form 10-Q Financial Statement

#000114420414008935 Filed on February 14, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $1.693M $667.7K
YoY Change 153.56%
Cost Of Revenue $995.0K $266.8K
YoY Change 272.95%
Gross Profit $699.0K $400.9K
YoY Change 74.36%
Gross Profit Margin 41.29% 60.04%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $1.291M $238.3K
YoY Change 441.77%
% of Gross Profit 184.67% 59.43%
Depreciation & Amortization $110.0K $90.00K
YoY Change 22.22% -25.0%
% of Gross Profit 15.74% 22.45%
Operating Expenses $1.936M $675.1K
YoY Change 186.77%
Operating Profit -$1.237M -$274.2K
YoY Change 351.11%
Interest Expense $359.1K $63.92K
YoY Change 461.81%
% of Operating Profit
Other Income/Expense, Net $175.0K $9.637M
YoY Change -98.18%
Pretax Income -$1.062M $9.363M
YoY Change -111.34%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.062M $9.363M
YoY Change -111.34%
Net Earnings / Revenue -62.73% 1402.34%
Basic Earnings Per Share $0.00 $0.03
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 508.6M shares 350.2M shares
Diluted Shares Outstanding 508.6M shares 486.2M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.080M $70.00K
YoY Change 1442.86% -87.72%
Cash & Equivalents $1.081M $65.66K
Short-Term Investments
Other Short-Term Assets $280.0K $70.00K
YoY Change 300.0% 16.67%
Inventory $1.532M $980.0K
Prepaid Expenses
Receivables $1.024M $530.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.918M $1.640M
YoY Change 138.89% 6.49%
LONG-TERM ASSETS
Property, Plant & Equipment $4.117M $4.110M
YoY Change 0.16% -2.84%
Goodwill
YoY Change
Intangibles $6.315M
YoY Change
Long-Term Investments $3.360M $3.340M
YoY Change 0.6% 0.0%
Other Assets $560.0K $590.0K
YoY Change -5.08% -1.67%
Total Long-Term Assets $14.36M $8.730M
YoY Change 64.48% -0.91%
TOTAL ASSETS
Total Short-Term Assets $3.918M $1.640M
Total Long-Term Assets $14.36M $8.730M
Total Assets $18.28M $10.37M
YoY Change 76.25% 0.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.990M $1.400M
YoY Change 42.14% 13.82%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $6.390M $0.00
YoY Change
Long-Term Debt Due $3.390M $3.890M
YoY Change -12.85% 14.41%
Total Short-Term Liabilities $12.51M $5.380M
YoY Change 132.44% 13.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $98.34K $17.34M
YoY Change -99.43% -13.04%
Total Long-Term Liabilities $10.70M $17.34M
YoY Change -38.3% -13.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.51M $5.380M
Total Long-Term Liabilities $10.70M $17.34M
Total Liabilities $23.20M $22.73M
YoY Change 2.09% -7.83%
SHAREHOLDERS EQUITY
Retained Earnings -$138.2M
YoY Change
Common Stock $133.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $306.8K
YoY Change
Treasury Stock Shares 100.0K shares
Shareholders Equity -$4.927M -$12.36M
YoY Change
Total Liabilities & Shareholders Equity $18.28M $10.37M
YoY Change 76.25% 0.19%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income -$1.062M $9.363M
YoY Change -111.34%
Depreciation, Depletion And Amortization $110.0K $90.00K
YoY Change 22.22% -25.0%
Cash From Operating Activities -$1.460M -$330.0K
YoY Change 342.42% -41.07%
INVESTING ACTIVITIES
Capital Expenditures -$290.0K -$30.00K
YoY Change 866.67% -25.0%
Acquisitions
YoY Change
Other Investing Activities -$30.00K -$90.00K
YoY Change -66.67% -25.0%
Cash From Investing Activities -$310.0K -$120.0K
YoY Change 158.33% -25.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.090M 300.0K
YoY Change 596.67% -850.0%
NET CHANGE
Cash From Operating Activities -1.460M -330.0K
Cash From Investing Activities -310.0K -120.0K
Cash From Financing Activities 2.090M 300.0K
Net Change In Cash 320.0K -150.0K
YoY Change -313.33% -80.26%
FREE CASH FLOW
Cash From Operating Activities -$1.460M -$330.0K
Capital Expenditures -$290.0K -$30.00K
Free Cash Flow -$1.170M -$300.0K
YoY Change 290.0% -42.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6314621 USD
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
5357255 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12505260 USD
CY2013Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
142223 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
98340 USD
CY2013Q1 eltp Derivative Liability Preferred Shares
DerivativeLiabilityPreferredShares
6334621 USD
CY2013Q4 eltp Derivative Liability Preferred Shares
DerivativeLiabilityPreferredShares
19200 USD
CY2013Q1 eltp Derivative Liability Warrants
DerivativeLiabilityWarrants
7862848 USD
CY2013Q4 eltp Derivative Liability Warrants
DerivativeLiabilityWarrants
10439126 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
513219 USD
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
306841 USD
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11125133 USD
CY2013Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
320148 USD
CY2013Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
10698889 USD
CY2013Q4 us-gaap Liabilities
Liabilities
23204149 USD
CY2013Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
91571 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
1531645 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
3917786 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
281065 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1080792 USD
CY2013Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
267820 USD
CY2013Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
152223 USD
CY2013Q4 us-gaap Assets
Assets
18276723 USD
CY2013Q4 eltp Short Term Loans And Current Portion Of Long Term Debt
ShortTermLoansAndCurrentPortionOfLongTermDebt
1177 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1024284 USD
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
151051 USD
CY2013Q1 us-gaap Assets Current
AssetsCurrent
2543374 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4028943 USD
CY2013Q4 us-gaap Cost Method Investments
CostMethodInvestments
3329322 USD
CY2013Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
236300 USD
CY2013Q1 us-gaap Security Deposit
SecurityDeposit
14314 USD
CY2013Q1 us-gaap Inventory Net
InventoryNet
1358146 USD
CY2013Q4 us-gaap Security Deposit
SecurityDeposit
35083 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
327014 USD
CY2013Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
246934 USD
CY2013Q1 us-gaap Assets
Assets
11125133 USD
CY2013Q1 us-gaap Secured Debt Current
SecuredDebtCurrent
3385000 USD
CY2013Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
3385000 USD
CY2013Q1 eltp Short Term Loans And Current Portion Of Long Term Debt
ShortTermLoansAndCurrentPortionOfLongTermDebt
6296 USD
CY2013Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
665154 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
369023 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4116597 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-138209070 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
306841 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-4927426 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18276723 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
133075266 USD
CY2013Q1 us-gaap Liabilities
Liabilities
19798518 USD
CY2013Q1 us-gaap Common Stock Value
CommonStockValue
374495 USD
CY2013Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
119690336 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-128431375 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
-8673385 USD
CY2013Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
14441263 USD
CY2013Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
694426 USD
CY2013Q1 us-gaap Cost Method Investments
CostMethodInvestments
3329322 USD
CY2013Q1 eltp Assets Noncurrent Excluding Property Plant And Equipment And Intangible Assets
AssetsNoncurrentExcludingPropertyPlantAndEquipmentAndIntangibleAssets
3858390 USD
CY2013Q4 eltp Assets Noncurrent Excluding Property Plant And Equipment And Intangible Assets
AssetsNoncurrentExcludingPropertyPlantAndEquipmentAndIntangibleAssets
3927719 USD
CY2013Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
0 USD
CY2013Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
6067121 USD
CY2013Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
600000 USD
CY2013Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1325126 USD
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1990728 USD
CY2013Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
13333 USD
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
13333 USD
CY2013Q1 eltp Preferred Share Derivative Interest Payable
PreferredShareDerivativeInterestPayable
27500 USD
CY2013Q4 eltp Preferred Share Derivative Interest Payable
PreferredShareDerivativeInterestPayable
480 USD
dei Trading Symbol
TradingSymbol
ELTP
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
527082097 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
345384514 shares
CY2013Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 USD
CY2013Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2013Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
93338 USD
CY2013Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 USD
CY2013Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5068522 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5391686 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2013Q1 eltp Accumulated Amortization Eda Bond Offering Costs
AccumulatedAmortizationEdaBondOfferingCosts
107519 USD
CY2013Q4 eltp Accumulated Amortization Eda Bond Offering Costs
AccumulatedAmortizationEdaBondOfferingCosts
118153 USD
CY2013Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3932879 USD
CY2013Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
690000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
690000000 shares
CY2013Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
374493959 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
513217800 shares
CY2013Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
374393959 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
513117800 shares
CY2013Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
100000 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
100000 shares
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1237152 USD
CY2012Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
40723 USD
CY2013Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
126827 USD
us-gaap Operating Expenses
OperatingExpenses
1955210 USD
us-gaap Operating Expenses
OperatingExpenses
4282925 USD
us-gaap Interest Expense
InterestExpense
183709 USD
us-gaap Interest Expense
InterestExpense
689852 USD
CY2012Q4 us-gaap Interest Expense
InterestExpense
63924 USD
CY2013Q4 us-gaap Interest Expense
InterestExpense
359130 USD
eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
2770912 USD
eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
-2576278 USD
us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
1246210 USD
us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
2356619 USD
CY2012Q4 us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
400494 USD
CY2013Q4 us-gaap Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
891838 USD
us-gaap Royalty Revenue
RoyaltyRevenue
439117 USD
us-gaap Royalty Revenue
RoyaltyRevenue
1147958 USD
CY2012Q4 us-gaap Royalty Revenue
RoyaltyRevenue
156454 USD
CY2013Q4 us-gaap Royalty Revenue
RoyaltyRevenue
743125 USD
us-gaap Contracts Revenue
ContractsRevenue
195427 USD
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
675100 USD
CY2013Q4 us-gaap Operating Expenses
OperatingExpenses
1935816 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1275243 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-2899322 USD
us-gaap Contracts Revenue
ContractsRevenue
69255 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-274210 USD
CY2012Q4 us-gaap Contracts Revenue
ContractsRevenue
110734 USD
CY2013Q4 us-gaap Contracts Revenue
ContractsRevenue
58283 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1880754 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3573832 USD
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
667682 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
1693246 USD
us-gaap Cost Of Revenue
CostOfRevenue
1200787 USD
us-gaap Cost Of Revenue
CostOfRevenue
2190229 USD
CY2012Q4 us-gaap Cost Of Revenue
CostOfRevenue
266792 USD
CY2013Q4 us-gaap Cost Of Revenue
CostOfRevenue
994582 USD
us-gaap Gross Profit
GrossProfit
679967 USD
us-gaap Gross Profit
GrossProfit
1383603 USD
CY2012Q4 us-gaap Gross Profit
GrossProfit
400890 USD
CY2013Q4 us-gaap Gross Profit
GrossProfit
698664 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
663625 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2715126 USD
CY2012Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
238268 USD
CY2013Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1290858 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1147112 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1143487 USD
CY2012Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
380976 USD
CY2013Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
494469 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
36379 USD
CY2013Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
23662 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
108094 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
372227 USD
CY2012Q4 eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
5765992 USD
CY2013Q4 eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
656844 USD
eltp Change In Fair Value Of Preferred Share Derivatives
ChangeInFairValueOfPreferredShareDerivatives
-867741 USD
eltp Change In Fair Value Of Preferred Share Derivatives
ChangeInFairValueOfPreferredShareDerivatives
-3462104 USD
CY2012Q4 eltp Change In Fair Value Of Preferred Share Derivatives
ChangeInFairValueOfPreferredShareDerivatives
3963126 USD
CY2013Q4 eltp Change In Fair Value Of Preferred Share Derivatives
ChangeInFairValueOfPreferredShareDerivatives
4228 USD
eltp Interest Expense Preferred Share Derivatives
InterestExpensePreferredShareDerivatives
111719 USD
eltp Interest Expense Preferred Share Derivatives
InterestExpensePreferredShareDerivatives
40428 USD
CY2012Q4 eltp Interest Expense Preferred Share Derivatives
InterestExpensePreferredShareDerivatives
27818 USD
CY2013Q4 eltp Interest Expense Preferred Share Derivatives
InterestExpensePreferredShareDerivatives
-632 USD
eltp Discount In Series E Issuance Attributable To Beneficial Conversion Features
DiscountInSeriesEIssuanceAttributableToBeneficialConversionFeatures
437500 USD
eltp Discount In Series E Issuance Attributable To Beneficial Conversion Features
DiscountInSeriesEIssuanceAttributableToBeneficialConversionFeatures
0 USD
CY2012Q4 eltp Discount In Series E Issuance Attributable To Beneficial Conversion Features
DiscountInSeriesEIssuanceAttributableToBeneficialConversionFeatures
0 USD
CY2013Q4 eltp Discount In Series E Issuance Attributable To Beneficial Conversion Features
DiscountInSeriesEIssuanceAttributableToBeneficialConversionFeatures
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19831 USD
CY2012Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2013Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1170243 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6876104 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
345384514 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
439720987 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
486207413 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
508638816 shares
CY2013Q2 eltp Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
18498 USD
eltp Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
5620197 USD
CY2013Q3 eltp Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
5601082 USD
CY2013Q4 eltp Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
617 USD
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
CY2013Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
415500 USD
CY2012Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9637376 USD
CY2013Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
175301 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-105000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9775426 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9363166 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1061851 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
4023 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
2269 USD
CY2012Q4 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
0 USD
CY2013Q4 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
0 USD
us-gaap Net Income Loss
NetIncomeLoss
-109023 USD
us-gaap Net Income Loss
NetIncomeLoss
-9777695 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
9363166 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-1061851 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
439720987 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
350220224 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
508638816 shares
CY2013Q1 eltp Bond Issue Costs
BondIssueCosts
354453 USD
CY2013Q4 eltp Bond Issue Costs
BondIssueCosts
354453 USD
CY2013Q4 eltp Accumulated Amortization Of Bond
AccumulatedAmortizationOfBond
118153 USD
CY2013Q1 eltp Unamortization Of Bond
UnamortizationOfBond
246934 USD
CY2013Q4 eltp Unamortization Of Bond
UnamortizationOfBond
236300 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3510000 USD
eltp Stock Issued During Period Value Payment For Preferred Share Derivative Interest
StockIssuedDuringPeriodValuePaymentForPreferredShareDerivativeInterest
67449 USD
eltp Conversion Of Series B Series C And Series E Preferred Shares Into Common Shares Value
ConversionOfSeriesBSeriesCAndSeriesEPreferredSharesIntoCommonSharesValue
9777524 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
52085 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
47987 USD
eltp Stock Issued During Period Value Payment Of Directors Fees
StockIssuedDuringPeriodValuePaymentOfDirectorsFees
0 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
164583 USD
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
8575 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
24 shares
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
87363 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
89112 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
90894 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
435972 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
67753 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
67753 USD
CY2012Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
22584 USD
CY2013Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
22584 USD
CY2013Q4 eltp Preferred Stock Conversion Shares
PreferredStockConversionShares
160000 shares
CY2013Q4 eltp Preferred Stock Closing Price
PreferredStockClosingPrice
0.12
CY2013Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
6334621 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
19824 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
83259 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
85344 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
110787 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
379615 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
32801 USD
eltp Increase Decrease In Deferred Revenue And Customer Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerDeposits
-10000 USD
eltp Increase Decrease In Derivative Interest Payable Net
IncreaseDecreaseInDerivativeInterestPayableNet
-43466 USD
eltp Increase Decrease In Derivative Interest Payable Net
IncreaseDecreaseInDerivativeInterestPayableNet
-27020 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1466724 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2741608 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
7215 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
5698 USD
CY2012Q4 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
2403 USD
CY2013Q4 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
1899 USD
CY2013Q1 us-gaap Deferred Rent Credit
DeferredRentCredit
68260 USD
CY2013Q2 us-gaap Deferred Rent Credit
DeferredRentCredit
70160 USD
CY2013Q3 us-gaap Deferred Rent Credit
DeferredRentCredit
72062 USD
CY2013Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
73961 USD
eltp Operating Lease Description
OperatingLeaseDescription
initial term of 5 years and 6 months and the Company has the option to renew the lease for two additional terms, each of 5 years
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
330543 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
334277 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
155184 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
67449 USD
eltp Accrued Compensation Non Cash
AccruedCompensationNonCash
190000 USD
eltp Accrued Compensation Non Cash
AccruedCompensationNonCash
344500 USD
eltp Interest Expense Non Cash
InterestExpenseNonCash
0 USD
eltp Interest Expense Non Cash
InterestExpenseNonCash
469805 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1008 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1070 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
129539 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
359130 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
679549 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
173499 USD
eltp Increase Decrease In Prepaid And Other Current Assets
IncreaseDecreaseInPrepaidAndOtherCurrentAssets
-62425 USD
eltp Increase Decrease In Prepaid And Other Current Assets
IncreaseDecreaseInPrepaidAndOtherCurrentAssets
150783 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
137640 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
315980 USD
eltp Increase Decrease In Deferred Revenue And Customer Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerDeposits
40130 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
31682 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
40001 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
22878 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
62466 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
59194 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-246055 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-493369 USD
eltp Proceeds From Issuance Of Series E Convertible Preferred Stock
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStock
437500 USD
eltp Proceeds From Issuance Of Series E Convertible Preferred Stock
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3510000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
187500 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
164583 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
500000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
320150 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
5117 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
9856 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
47987 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1110027 USD
eltp Commitment Shares Issued
CommitmentSharesIssued
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3946746 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-602752 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
711769 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
668407 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65655 USD
us-gaap Interest Paid
InterestPaid
115623 USD
us-gaap Interest Paid
InterestPaid
160680 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4023 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2269 USD
eltp Commitment Shares Issued
CommitmentSharesIssued
320522 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
9777524 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
5597317 USD
us-gaap Notes Issued1
NotesIssued1
0 USD
us-gaap Notes Issued1
NotesIssued1
5597317 USD
CY2013Q4 eltp Payments Received In Advance
PaymentsReceivedInAdvance
200000 USD
CY2013Q1 eltp Recognized Deferred Revenue
RecognizedDeferredRevenue
34444 USD
us-gaap Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
10000 USD
CY2013Q4 us-gaap Deferred Revenue
DeferredRevenue
155556 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2203999 shares
CY2013Q4 eltp Share Based Compensation Arrangement By Share Based Payment Award Non Vested Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonVestedOptionsOutstandingNumber
3540001 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-109023 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9777695 USD
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9363166 USD
CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1061851 USD
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-365952 USD
CY2012Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
135987189 shares
CY2013Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
10000000 USD
CY2013Q4 eltp Net Present Value Of Note
NetPresentValueOfNote
5597317 USD
CY2013Q4 eltp Finite Lived Intangible Assets Acquired Aggregate Cost
FiniteLivedIntangibleAssetsAcquiredAggregateCost
5597317 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
10000000 USD
CY2013Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.07
us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
14286 pure
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
1000 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
ELITE PHARMACEUTICALS INC /NV/
dei Entity Central Index Key
EntityCentralIndexKey
0001053369
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
600000 USD
CY2013Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
CY2013Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
727273 USD
eltp Change In Fair Value Of Convertible Note Derivative Instruments
ChangeInFairValueOfConvertibleNoteDerivativeInstruments
-127273 USD
eltp Change In Fair Value Of Convertible Note Derivative Instruments
ChangeInFairValueOfConvertibleNoteDerivativeInstruments
0 USD
CY2012Q4 eltp Change In Fair Value Of Convertible Note Derivative Instruments
ChangeInFairValueOfConvertibleNoteDerivativeInstruments
0 USD
CY2013Q4 eltp Change In Fair Value Of Convertible Note Derivative Instruments
ChangeInFairValueOfConvertibleNoteDerivativeInstruments
-127273 USD
CY2013Q4 eltp Area Of Land Taken For Lease
AreaOfLandTakenForLease
15000 sqft

Files In Submission

Name View Source Status
0001144204-14-008935-index-headers.html Edgar Link pending
0001144204-14-008935-index.html Edgar Link pending
0001144204-14-008935.txt Edgar Link pending
0001144204-14-008935-xbrl.zip Edgar Link pending
eltp-20131231.xml Edgar Link completed
eltp-20131231.xsd Edgar Link pending
eltp-20131231_cal.xml Edgar Link unprocessable
eltp-20131231_def.xml Edgar Link unprocessable
eltp-20131231_lab.xml Edgar Link unprocessable
eltp-20131231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v366866_10q.htm Edgar Link pending
v366866_ex31-1.htm Edgar Link pending
v366866_ex31-2.htm Edgar Link pending
v366866_ex32-1.htm Edgar Link pending
v366866_ex32-2.htm Edgar Link pending