2014 Q1 Form 10-K Financial Statement
#000114420414040327 Filed on June 30, 2014
Income Statement
Concept | 2014 Q1 | 2014 | 2013 Q1 |
---|---|---|---|
Revenue | $1.028M | $4.601M | |
YoY Change | 35.19% | ||
Cost Of Revenue | $1.046M | $3.236M | |
YoY Change | 39.78% | ||
Gross Profit | -$18.00K | $1.365M | |
YoY Change | 25.44% | ||
Gross Profit Margin | -1.75% | 29.67% | |
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | $3.959M | ||
YoY Change | 305.98% | ||
% of Gross Profit | 290.0% | ||
Depreciation & Amortization | $120.0K | $453.7K | $90.00K |
YoY Change | 33.33% | 7.18% | -25.0% |
% of Gross Profit | 33.23% | ||
Operating Expenses | $2.365M | $6.649M | |
YoY Change | 150.76% | ||
Operating Profit | -$2.384M | -$5.284M | |
YoY Change | 238.01% | ||
Interest Expense | $859.3K | ||
YoY Change | 238.66% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$31.65M | -$36.27M | |
YoY Change | -1444.65% | ||
Pretax Income | -$41.55M | ||
YoY Change | -3763.65% | ||
Income Tax | -$295.0K | -$292.6K | |
% Of Pretax Income | |||
Net Earnings | -$86.80M | -$41.26M | |
YoY Change | -2873.04% | ||
Net Earnings / Revenue | -8443.39% | -896.71% | |
Basic Earnings Per Share | -$0.16 | -$0.21 | |
Diluted Earnings Per Share | -$0.16 | -$0.21 | |
COMMON SHARES | |||
Basic Shares Outstanding | 618.4M shares | 463.0M shares | |
Diluted Shares Outstanding | 463.0M shares |
Balance Sheet
Concept | 2014 Q1 | 2014 | 2013 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.940M | $6.940M | $370.0K |
YoY Change | 1775.68% | 1775.68% | -44.78% |
Cash & Equivalents | $6.942M | $369.0K | |
Short-Term Investments | |||
Other Short-Term Assets | $320.0K | $320.0K | $150.0K |
YoY Change | 113.33% | 113.33% | 15.38% |
Inventory | $1.932M | $1.930M | $1.358M |
Prepaid Expenses | |||
Receivables | $732.1K | $730.0K | $665.2K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $9.925M | $9.920M | $2.543M |
YoY Change | 290.22% | 290.55% | 69.56% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.200M | $4.200M | $4.029M |
YoY Change | 4.24% | 4.22% | -5.87% |
Goodwill | |||
YoY Change | |||
Intangibles | $6.350M | $694.4K | |
YoY Change | 814.42% | 8.02% | |
Long-Term Investments | $3.350M | $3.350M | $3.340M |
YoY Change | 0.3% | 0.3% | 0.0% |
Other Assets | $3.843M | $500.0K | $510.0K |
YoY Change | 653.61% | -1.96% | -5.56% |
Total Long-Term Assets | $14.39M | $14.40M | $8.582M |
YoY Change | 67.72% | 67.64% | -2.59% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.925M | $9.920M | $2.543M |
Total Long-Term Assets | $14.39M | $14.40M | $8.582M |
Total Assets | $24.32M | $24.32M | $11.13M |
YoY Change | 118.58% | 118.51% | 7.91% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.210M | $2.210M | $1.330M |
YoY Change | 66.17% | 66.17% | 24.3% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $530.0K | $530.0K | $600.0K |
YoY Change | -11.67% | ||
Long-Term Debt Due | $87.57K | $3.400M | $3.390M |
YoY Change | -97.42% | -14.79% | -0.29% |
Total Short-Term Liabilities | $6.161M | $6.160M | $5.357M |
YoY Change | 15.0% | 14.93% | 17.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $18.87K | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $131.1K | $99.36M | $91.57K |
YoY Change | 43.22% | 588.09% | -99.56% |
Total Long-Term Liabilities | $99.36M | $99.36M | $14.44M |
YoY Change | 587.99% | 588.09% | -30.4% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.161M | $6.160M | $5.357M |
Total Long-Term Liabilities | $99.36M | $99.36M | $14.44M |
Total Liabilities | $105.5M | $105.5M | $19.80M |
YoY Change | 432.95% | 432.93% | -21.74% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$225.0M | -$128.4M | |
YoY Change | 75.2% | ||
Common Stock | $144.1M | $120.1M | |
YoY Change | 20.03% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $306.8K | $306.8K | |
YoY Change | 0.0% | ||
Treasury Stock Shares | 100.0K shares | 100.0K shares | |
Shareholders Equity | -$81.20M | -$81.20M | -$8.673M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $24.32M | $24.32M | $11.13M |
YoY Change | 118.58% | 118.51% | 7.91% |
Cashflow Statement
Concept | 2014 Q1 | 2014 | 2013 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$86.80M | -$41.26M | |
YoY Change | -2873.04% | ||
Depreciation, Depletion And Amortization | $120.0K | $453.7K | $90.00K |
YoY Change | 33.33% | 7.18% | -25.0% |
Cash From Operating Activities | -$1.480M | -$4.220M | -$220.0K |
YoY Change | 572.73% | 117.53% | -155.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$130.0K | -$510.0K | -$20.00K |
YoY Change | 550.0% | 200.0% | -85.71% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $60.00K | -$40.00K | $80.00K |
YoY Change | -25.0% | 100.0% | 300.0% |
Cash From Investing Activities | -$70.00K | -$560.0K | $60.00K |
YoY Change | -216.67% | 194.74% | -150.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $10.00M | ||
YoY Change | |||
Debt Paid & Issued, Net | $0.00 | ||
YoY Change | |||
Cash From Financing Activities | 7.400M | 11.35M | 480.0K |
YoY Change | 1441.67% | 516.85% | -352.63% |
NET CHANGE | |||
Cash From Operating Activities | -1.480M | -4.220M | -220.0K |
Cash From Investing Activities | -70.00K | -560.0K | 60.00K |
Cash From Financing Activities | 7.400M | 11.35M | 480.0K |
Net Change In Cash | 5.850M | 6.570M | 320.0K |
YoY Change | 1728.12% | -2365.52% | 255.56% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.480M | -$4.220M | -$220.0K |
Capital Expenditures | -$130.0K | -$510.0K | -$20.00K |
Free Cash Flow | -$1.350M | -$3.710M | -$200.0K |
YoY Change | 575.0% | 109.6% | -137.04% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
13333 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
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Liabilities And Stockholders Equity
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CY2014Q1 | us-gaap |
Liabilities And Stockholders Equity
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CY2014Q1 | us-gaap |
Treasury Stock Value
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Additional Paid In Capital Common Stock
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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Retained Earnings Accumulated Deficit
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Liabilities Current
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CY2013Q1 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
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CY2014Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
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CY2013Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
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CY2014Q1 | us-gaap |
Deferred Revenue Current
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13333 | USD |
CY2013Q1 | us-gaap |
Liabilities
Liabilities
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CY2014Q1 | us-gaap |
Liabilities
Liabilities
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Liabilities Noncurrent
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Liabilities Noncurrent
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Common Stock Value
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Derivative Liability Preferred Shares
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CY2013 | us-gaap |
Sales Revenue Net
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Cost Of Revenue
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Cash And Cash Equivalents At Carrying Value
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Inventory Net
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Prepaid Expense And Other Assets Current
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CY2013Q1 | us-gaap |
Assets Current
AssetsCurrent
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CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
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CY2013Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
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CY2013Q1 | us-gaap |
Cost Method Investments
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CY2013Q1 | us-gaap |
Security Deposit
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Restricted Cash And Cash Equivalents Noncurrent
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Assets
Assets
|
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Derivative Liability Warrants
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Derivative Liability Warrants
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Deferred Revenue Noncurrent
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Accounts Payable And Accrued Liabilities Current
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CY2013Q1 | us-gaap |
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CY2013Q1 | eltp |
Derivative Liability Preferred Shares
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Cash And Cash Equivalents At Carrying Value
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Assets
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Secured Debt Current
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|
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|
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Accounts Payable And Accrued Liabilities Current
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|
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|
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|
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Gross Profit
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|
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Research And Development Expense
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|
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|
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|
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|
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|
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Change In Fair Value Of Preferred Share Derivatives
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|
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|
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Inventory Valuation Reserves
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|
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|
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Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
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CY2014Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
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Accumulated Amortization Eda Bond Offering Costs
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|
107519 | USD |
CY2014Q1 | eltp |
Accumulated Amortization Eda Bond Offering Costs
AccumulatedAmortizationEdaBondOfferingCosts
|
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CY2013Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
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|
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CY2014Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
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|
0.001 | |
CY2013Q1 | us-gaap |
Common Stock Shares Authorized
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|
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CY2014Q1 | us-gaap |
Common Stock Shares Authorized
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CY2013Q1 | us-gaap |
Common Stock Shares Issued
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|
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CY2014Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2013Q1 | us-gaap |
Common Stock Shares Outstanding
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|
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CY2014Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2013Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
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CY2014Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
100000 | shares |
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Revenue Other Manufactured Products
RevenueOtherManufacturedProducts
|
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CY2014 | us-gaap |
Revenue Other Manufactured Products
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|
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CY2013 | us-gaap |
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|
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CY2014 | us-gaap |
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|
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Depreciation And Amortization
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|
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CY2014 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
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CY2013 | us-gaap |
Operating Expenses
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|
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CY2014 | us-gaap |
Operating Expenses
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|
6648894 | USD |
CY2013 | us-gaap |
Operating Income Loss
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|
-1563133 | USD |
CY2014 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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CY2013 | us-gaap |
Interest Expense
InterestExpense
|
253745 | USD |
CY2014 | us-gaap |
Interest Expense
InterestExpense
|
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CY2013 | eltp |
Change In Fair Value Of Convertible Note Derivative Instruments
ChangeInFairValueOfConvertibleNoteDerivativeInstruments
|
0 | USD |
CY2014 | eltp |
Change In Fair Value Of Convertible Note Derivative Instruments
ChangeInFairValueOfConvertibleNoteDerivativeInstruments
|
-1187879 | USD |
CY2013 | eltp |
Interest Expense Preferred Share Derivatives
InterestExpensePreferredShareDerivatives
|
139219 | USD |
CY2014 | eltp |
Interest Expense Preferred Share Derivatives
InterestExpensePreferredShareDerivatives
|
40588 | USD |
CY2013 | eltp |
Discount In Series E Issuance Attributable To Beneficial Conversion Features
DiscountInSeriesEIssuanceAttributableToBeneficialConversionFeatures
|
437500 | USD |
CY2014 | eltp |
Discount In Series E Issuance Attributable To Beneficial Conversion Features
DiscountInSeriesEIssuanceAttributableToBeneficialConversionFeatures
|
0 | USD |
CY2013 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2014 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
19831 | USD |
CY2013 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
2697343 | USD |
CY2014 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-91584258 | USD |
CY2013 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1134210 | USD |
CY2014 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
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CY2013 | us-gaap |
Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
|
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CY2014 | us-gaap |
Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
|
-292611 | USD |
CY2013 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1487928 | USD |
CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-96575271 | USD |
CY2013 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2014 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.21 | |
CY2013 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
349075642 | shares |
CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
463021991 | shares |
CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
526880118 | shares |
CY2014 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
463021991 | shares |
CY2013Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
774758 | USD |
CY2014Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1523341 | USD |
CY2013Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
676726 | USD |
CY2014Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
409146 | USD |
CY2013Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
0 | USD |
CY2014Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
0 | USD |
CY2012Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
642848 | USD |
CY2013 | eltp |
Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
|
51578 | USD |
CY2014 | eltp |
Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
|
5655495 | USD |
CY2013 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | USD |
CY2014 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | USD |
CY2013Q1 | eltp |
Bond Issue Costs
BondIssueCosts
|
354453 | USD |
CY2014Q1 | eltp |
Bond Issue Costs
BondIssueCosts
|
354453 | USD |
CY2013Q1 | eltp |
Accumulated Amortization Of Bond
AccumulatedAmortizationOfBond
|
107519 | USD |
CY2014Q1 | eltp |
Accumulated Amortization Of Bond
AccumulatedAmortizationOfBond
|
121697 | USD |
CY2013Q1 | eltp |
Unamortization Of Bond
UnamortizationOfBond
|
246934 | USD |
CY2014Q1 | eltp |
Unamortization Of Bond
UnamortizationOfBond
|
232756 | USD |
CY2012Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-14983682 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
10000000 | USD |
CY2013 | eltp |
Stock Issued During Period Value Payment For Preferred Share Derivative Interest
StockIssuedDuringPeriodValuePaymentForPreferredShareDerivativeInterest
|
182684 | USD |
CY2014 | eltp |
Stock Issued During Period Value Payment For Preferred Share Derivative Interest
StockIssuedDuringPeriodValuePaymentForPreferredShareDerivativeInterest
|
68089 | USD |
CY2013 | eltp |
Conversion Of Series B Series C And Series E Preferred Shares Into Common Shares Value
ConversionOfSeriesBSeriesCAndSeriesEPreferredSharesIntoCommonSharesValue
|
3170671 | USD |
CY2014 | eltp |
Conversion Of Series B Series C And Series E Preferred Shares Into Common Shares Value
ConversionOfSeriesBSeriesCAndSeriesEPreferredSharesIntoCommonSharesValue
|
9825066 | USD |
CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
45866 | USD |
CY2014 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
82947 | USD |
CY2013 | eltp |
Stock Issued During Period Value Payment Of Directors Fees
StockIssuedDuringPeriodValuePaymentOfDirectorsFees
|
96047 | USD |
CY2014 | eltp |
Stock Issued During Period Value Payment Of Directors Fees
StockIssuedDuringPeriodValuePaymentOfDirectorsFees
|
110000 | USD |
CY2013Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
7200 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500 | shares |
CY2013Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
3175 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
104.242 | shares |
CY2013Q1 | eltp |
Preferred Stock Conversion Shares
PreferredStockConversionShares
|
83240744 | shares |
CY2014Q1 | eltp |
Preferred Stock Conversion Shares
PreferredStockConversionShares
|
148917143 | shares |
CY2013Q1 | eltp |
Preferred Stock Closing Price
PreferredStockClosingPrice
|
0.0761 | |
CY2014Q1 | eltp |
Preferred Stock Closing Price
PreferredStockClosingPrice
|
0.41 | |
CY2013Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
6334621 | USD |
CY2014Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
60981570 | USD |
CY2013 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
423340 | USD |
CY2014 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
453746 | USD |
CY2013 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
182684 | USD |
CY2014 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
68089 | USD |
CY2014 | eltp |
Interest Expense Non Cash
InterestExpenseNonCash
|
568395 | USD |
CY2013 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
9112 | USD |
CY2014 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-49439 | USD |
CY2013 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1356 | USD |
CY2014 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1438 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
268305 | USD |
CY2014 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
66922 | USD |
CY2013 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1053264 | USD |
CY2014 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
574340 | USD |
CY2013 | eltp |
Increase Decrease In Prepaid And Other Current Assets
IncreaseDecreaseInPrepaidAndOtherCurrentAssets
|
22748 | USD |
CY2014 | eltp |
Increase Decrease In Prepaid And Other Current Assets
IncreaseDecreaseInPrepaidAndOtherCurrentAssets
|
169373 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
501611 | USD |
CY2014 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
883446 | USD |
CY2013 | eltp |
Increase Decrease In Deferred Revenue And Customer Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerDeposits
|
-13335 | USD |
CY2014 | eltp |
Increase Decrease In Deferred Revenue And Customer Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerDeposits
|
-13333 | USD |
CY2013 | eltp |
Increase Decrease In Derivative Interest Payable Net
IncreaseDecreaseInDerivativeInterestPayableNet
|
-43466 | USD |
CY2014 | eltp |
Increase Decrease In Derivative Interest Payable Net
IncreaseDecreaseInDerivativeInterestPayableNet
|
-27500 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1693409 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-4216875 | USD |
CY2013 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
119489 | USD |
CY2014 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
455323 | USD |
CY2013 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
33519 | USD |
CY2014 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
46945 | USD |
CY2013 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
51578 | USD |
CY2014 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
58178 | USD |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-12765 | USD |
CY2014 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-2777 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-191822 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-557669 | USD |
CY2013 | eltp |
Proceeds From Issuance Of Series E Convertible Preferred Stock
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStock
|
437500 | USD |
CY2014 | eltp |
Proceeds From Issuance Of Series E Convertible Preferred Stock
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStock
|
0 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2014 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10000000 | USD |
CY2013 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
564500 | USD |
CY2014 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
868050 | USD |
CY2013 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
600000 | USD |
CY2014 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
528750 | USD |
CY2013 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
6297 | USD |
CY2014 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
1515 | USD |
CY2013 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
9856 | USD |
CY2014 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
47987 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1585847 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
11347299 | USD |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-299384 | USD |
CY2014 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6572754 | USD |
CY2014 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2013Q3 | dei |
Entity Public Float
EntityPublicFloat
|
61307116 | USD |
CY2014 | dei |
Entity Registrant Name
EntityRegistrantName
|
ELITE PHARMACEUTICALS INC /NV/ | |
CY2014 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001053369 | |
CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
668407 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
237874 | USD |
CY2014 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
CY2014 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2014 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2014 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014 | us-gaap |
Interest Paid
InterestPaid
|
289494 | USD |
CY2013 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
6099 | USD |
CY2014 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
3099 | USD |
CY2013 | eltp |
Commitment Shares Issued
CommitmentSharesIssued
|
0 | USD |
CY2014 | eltp |
Commitment Shares Issued
CommitmentSharesIssued
|
1112838 | USD |
CY2013 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
0 | USD |
CY2014 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
9825066 | USD |
CY2013 | us-gaap |
Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
|
0 | USD |
CY2014 | us-gaap |
Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
|
5597317 | USD |
CY2013 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
0 | USD |
CY2014 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
600000 | USD |
CY2014 | dei |
Document Type
DocumentType
|
10-K | |
CY2014 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
CY2014 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2014 | dei |
Trading Symbol
TradingSymbol
|
ELTP | |
CY2014Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
568042063 | shares |
CY2014 | eltp |
Lease Renewal Term
LeaseRenewalTerm
|
P5Y | |
CY2014 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.9in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><u>NATURE OF BUSINESS</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.9in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Elite Pharmaceuticals, Inc. was incorporated on October 1, 1997 under the laws of the State of Delaware, and its wholly-owned subsidiary Elite Laboratories, Inc. was incorporated on August 23, 1990 under the laws of the State of Delaware. On January 5, 2012, Elite Pharmaceuticals was reincorporated under the laws of the State of Nevada. Elite Labs engages primarily in researching, developing and licensing proprietary controlled-release drug delivery systems and products. The Company is also equipped to manufacture controlled-release products on a contract basis for third parties and itself if and when the products are approved; however the Company has concentrated on developing orally administered controlled-release products. These products include drugs that cover therapeutic areas for pain, allergy and infection. The Company also engages in research and development activities for the purpose of obtaining Food and Drug Administration approval, and, thereafter, commercially exploiting generic and new controlled-release pharmaceutical products. The Company also engages in contract research and development on behalf of other pharmaceutical companies.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2014Q1 | us-gaap |
Area Of Land
AreaOfLand
|
15000 | sqft |
CY2014 | eltp |
Lease Initiation Date
LeaseInitiationDate
|
2010-07-01 | |
CY2014 | eltp |
Lease Term
LeaseTerm
|
5 years and 6 months | |
CY2014 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 66pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><u>CONCENTRATION OF CREDIT RISK</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 66pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The Company maintains cash balances, which, at times, may exceed the amounts insured by the Federal Deposit Insurance Corp. Uninsured balances at March 31, 2014 are $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">6,941,777</font>. Management does not believe that there is any significant risk of losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 66pt; FONT: 10pt Times New Roman, Times, Serif; COLOR: rgb(152,72,6); font-size-adjust: none; font-stretch: normal" align="justify"><b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 66pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The Company in the normal course of business extends credit to its customers based on contract terms and performs ongoing credit evaluations. An allowance for doubtful accounts due to uncertainty of collection is established based on historical collection experience. Amounts are written off when payment is not received after exhaustive collection efforts. During Fiscal 2014 and Fiscal 2013 the Company generated all its revenues from ten and six companies, respectively. The termination of the contracts with either of such companies will result in the loss of a significant amount of revenues currently being earned.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2014 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 66pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><u>USE OF ESTIMATES</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 66pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management include, but are not limited to, the recognition of revenue, the amount of the allowance for doubtful accounts receivable and the fair value of intangible assets, stock-based awards and derivatives.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2014Q1 | us-gaap |
Inventory Gross
InventoryGross
|
1932487 | USD |
CY2013 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
2475 | shares |
CY2014 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
3175 | shares |
CY2013 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
29863556 | shares |
CY2014 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
91796043 | shares |
CY2014Q1 | eltp |
Lease Termination Cost Payable
LeaseTerminationCostPayable
|
50000 | USD |
CY2014Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
152223 | USD |
CY2014Q1 | us-gaap |
Advance Rent
AdvanceRent
|
200000 | USD |
CY2013 | us-gaap |
Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
|
358663 | shares |
CY2014Q1 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
6941777 | USD |
CY2014 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 63.6pt"> <div><b>NOTE 27</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>CONTINGENCIES</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 63pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">On March 1, 2013, the Company did not renew its Directors and Officers insurance policy and the Company did not have a Directors and Officers insurance policy since that date. As of the date of filing this Annual Report on Form 10-K, management has not been notified any claims against the Company.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 63pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 63pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">During Fiscal 2014, as part of the Company’s efforts to ensure the retention and continuity of key employees, officers and directors in the event of a change of control of the ownership of the Company, the Board of Directors passed a resolution whereby, in the event of a change in control of the ownership of the Company, key executives would receive an amount equal to twelve months of such executive’s salary, and certain Directors and managers would receive an amount equal to six months of such Director’s or managers fees or salaries, as applicable. In addition, the resolution passed provided for the immediate vesting of outstanding options, in the event of a change of control.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2013Q1 | us-gaap |
Inventory Gross
InventoryGross
|
1451484 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
9097463 | USD |
CY2014Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
9707979 | USD |
CY2013 | eltp |
Derivative Liability Conversion Of Convertible Securities Change In Value
DerivativeLiabilityConversionOfConvertibleSecuritiesChangeInValue
|
626696 | USD |
CY2014 | eltp |
Derivative Liability Conversion Of Convertible Securities Change In Value
DerivativeLiabilityConversionOfConvertibleSecuritiesChangeInValue
|
3237937 | USD |
CY2013 | eltp |
Adjustments To Additional Paid In Capital Conversion Of Convertible Securities
AdjustmentsToAdditionalPaidInCapitalConversionOfConvertibleSecurities
|
3140807 | USD |
CY2014 | eltp |
Adjustments To Additional Paid In Capital Conversion Of Convertible Securities
AdjustmentsToAdditionalPaidInCapitalConversionOfConvertibleSecurities
|
9733270 | USD |
CY2012Q1 | eltp |
Warrants Outstanding
WarrantsOutstanding
|
161478979 | shares |
CY2013Q1 | eltp |
Warrants Outstanding
WarrantsOutstanding
|
139344939 | shares |
CY2013 | eltp |
Warrants Issued During Period
WarrantsIssuedDuringPeriod
|
0 | shares |
CY2014 | eltp |
Warrants Issued During Period
WarrantsIssuedDuringPeriod
|
0 | shares |
CY2013 | eltp |
Warrant Exercised Forfeitures And Expirations During Period
WarrantExercisedForfeituresAndExpirationsDuringPeriod
|
22134040 | shares |
CY2014 | eltp |
Warrant Exercised Forfeitures And Expirations During Period
WarrantExercisedForfeituresAndExpirationsDuringPeriod
|
37201848 | shares |
CY2014Q1 | eltp |
Warrants Outstanding
WarrantsOutstanding
|
102143091 | shares |
CY2012Q1 | eltp |
Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
|
0.09 | |
CY2013Q1 | eltp |
Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
|
0.08 | |
CY2013 | eltp |
Warrants Issued During Period Weighted Average Exercise Price
WarrantsIssuedDuringPeriodWeightedAverageExercisePrice
|
0.06 | |
CY2014 | eltp |
Warrants Issued During Period Weighted Average Exercise Price
WarrantsIssuedDuringPeriodWeightedAverageExercisePrice
|
0 | |
CY2013 | eltp |
Warrant Exercised Forfeitures And Expirations During Period Weighted Average Exercise Price
WarrantExercisedForfeituresAndExpirationsDuringPeriodWeightedAverageExercisePrice
|
0.20 | |
CY2014 | eltp |
Warrant Exercised Forfeitures And Expirations During Period Weighted Average Exercise Price
WarrantExercisedForfeituresAndExpirationsDuringPeriodWeightedAverageExercisePrice
|
0.09 | |
CY2014Q1 | eltp |
Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
|
0.06 | |
CY2012Q1 | eltp |
Derivative Liability Warrants
DerivativeLiabilityWarrants
|
11987222 | USD |
CY2013 | eltp |
Derivative Liability Warrants Issued In Period
DerivativeLiabilityWarrantsIssuedInPeriod
|
0 | USD |
CY2014 | eltp |
Derivative Liability Warrants Issued In Period
DerivativeLiabilityWarrantsIssuedInPeriod
|
0 | USD |
CY2013 | eltp |
Derivative Liability Warrants Exercised In Period
DerivativeLiabilityWarrantsExercisedInPeriod
|
707216 | USD |
CY2014 | eltp |
Derivative Liability Warrants Exercised In Period
DerivativeLiabilityWarrantsExercisedInPeriod
|
8392452 | USD |
CY2013 | eltp |
Derivative Liability Warrants Change In Fair Value Of Warrant Liability
DerivativeLiabilityWarrantsChangeInFairValueOfWarrantLiability
|
-3417158 | USD |
CY2014 | eltp |
Derivative Liability Warrants Change In Fair Value Of Warrant Liability
DerivativeLiabilityWarrantsChangeInFairValueOfWarrantLiability
|
33527473 | USD |
CY2014 | us-gaap |
Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
|
14286 | pure |
CY2014 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
1000 | USD |
CY2014Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
1110000 | USD |
CY2014Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
210000 | USD |
CY2014Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
220000 | USD |
CY2014Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
85000 | USD |
CY2013 | eltp |
Reversal Of Change In Fair Value Of Preferred Share Derivatives
ReversalOfChangeInFairValueOfPreferredShareDerivatives
|
-4089491 | USD |
CY2013 | eltp |
Reversal Of Interest Expense Preferred Share Derivatives
ReversalOfInterestExpensePreferredShareDerivatives
|
139219 | USD |
CY2013 | eltp |
Series E Preferred Stock Shares Issued During Period
SeriesEPreferredStockSharesIssuedDuringPeriod
|
437.5 | shares |
CY2014 | eltp |
Series E Preferred Stock Shares Issued During Period
SeriesEPreferredStockSharesIssuedDuringPeriod
|
0 | shares |
CY2013 | eltp |
Detachable Warrants Issued During Period
DetachableWarrantsIssuedDuringPeriod
|
0 | shares |
CY2014 | eltp |
Detachable Warrants Issued During Period
DetachableWarrantsIssuedDuringPeriod
|
0 | shares |
CY2013 | eltp |
Proceeds From Issuance Of Series E Convertible Preferred Stock And Warrants Gross
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStockAndWarrantsGross
|
437500 | USD |
CY2014 | eltp |
Proceeds From Issuance Of Series E Convertible Preferred Stock And Warrants Gross
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStockAndWarrantsGross
|
0 | USD |
CY2013 | eltp |
Valuation Of Warrants Issued Gross
ValuationOfWarrantsIssuedGross
|
0 | USD |
CY2014 | eltp |
Valuation Of Warrants Issued Gross
ValuationOfWarrantsIssuedGross
|
0 | USD |
CY2013 | eltp |
Valuation Of Beneficial Conversion Gross
ValuationOfBeneficialConversionGross
|
437500 | USD |
CY2014 | eltp |
Valuation Of Beneficial Conversion Gross
ValuationOfBeneficialConversionGross
|
0 | USD |
CY2013 | eltp |
Proceeds From Issuance Of Detachable Warrants
ProceedsFromIssuanceOfDetachableWarrants
|
0 | USD |
CY2014 | eltp |
Proceeds From Issuance Of Detachable Warrants
ProceedsFromIssuanceOfDetachableWarrants
|
0 | USD |
CY2013 | eltp |
Proceeds From Beneficial Conversion Feature
ProceedsFromBeneficialConversionFeature
|
437500 | USD |
CY2014 | eltp |
Proceeds From Beneficial Conversion Feature
ProceedsFromBeneficialConversionFeature
|
0 | USD |
CY2013 | eltp |
Proceeds From Issuance Of Series E Convertible Preferred Stock And Warrants
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStockAndWarrants
|
437500 | USD |
CY2014 | eltp |
Proceeds From Issuance Of Series E Convertible Preferred Stock And Warrants
ProceedsFromIssuanceOfSeriesEConvertiblePreferredStockAndWarrants
|
0 | USD |
CY2014 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
10000000 | USD |
CY2014Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.07 | |
CY2014Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
90000 | USD |
CY2014Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1670000 | USD |
CY2014Q1 | us-gaap |
Secured Debt
SecuredDebt
|
3385000 | USD |
CY2013Q1 | us-gaap |
Secured Debt
SecuredDebt
|
3385000 | USD |
CY2013Q1 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
0 | USD |
CY2014Q1 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
0 | USD |
CY2013 | eltp |
Stock Issued During Period Value Payment Of Employee Salaries
StockIssuedDuringPeriodValuePaymentOfEmployeeSalaries
|
50072 | USD |
CY2014 | eltp |
Stock Issued During Period Value Payment Of Employee Salaries
StockIssuedDuringPeriodValuePaymentOfEmployeeSalaries
|
368233 | USD |
CY2014 | eltp |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
174359 | shares |
CY2014 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
148917143 | shares |
CY2014 | eltp |
Incremental Common Shares Attributable To Warrant
IncrementalCommonSharesAttributableToWarrant
|
15782718 | shares |
CY2013 | eltp |
Reversal Of Change In Fair Value Of Warrant Derivatives
ReversalOfChangeInFairValueOfWarrantDerivatives
|
561.684 | USD |
CY2013 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1900660 | USD |
CY2013 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
83240744 | shares |
CY2013 | eltp |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
141919 | shares |
CY2013 | eltp |
Incremental Common Shares Attributable To Warrant
IncrementalCommonSharesAttributableToWarrant
|
94421813 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2999000 | shares |
CY2013Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3939000 | shares |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
985000 | shares |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
3000000 | shares |
CY2013 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2014 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
308333 | shares |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
-45000 | shares |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
1195000 | shares |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5435667 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.53 | |
CY2013Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.18 | |
CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.12 | |
CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.07 | |
CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.08 | |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
1.59 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
1.60 | |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.54 | |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
9389684 | shares |
CY2013 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
465181 | USD |
CY2014 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
69512 | USD |
CY2013 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
31354 | USD |
CY2014 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
30835 | USD |
CY2013 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
362347 | USD |
CY2014 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
29668 | USD |
CY2010 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.10 | |
CY2014Q1 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
85344 | USD |
CY2014Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
65196 | USD |
CY2014 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2015-12-31 | |
CY2013 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | USD |
CY2014 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | USD |
CY2014 | eltp |
Operating Lease Description
OperatingLeaseDescription
|
5 years with 2 tenant renewal options for 5 years each | |
CY2013 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | USD |
CY2014 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | USD |
CY2013 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
6099 | USD |
CY2014 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
3099 | USD |
CY2013 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | USD |
CY2014 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
CY2013 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
90338 | USD |
CY2014 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
33820 | USD |
CY2013 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
-359817 | USD |
CY2014 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
-295710 | USD |
CY2014Q1 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
150540 | USD |
CY2014 | us-gaap |
Valuation Allowance Commentary
ValuationAllowanceCommentary
|
At March 31, 2014 and 2013, a 100% valuation allowance is provided | |
CY2013 | eltp |
Actual Lease Payments
ActualLeasePayments
|
81228 | USD |
CY2014 | eltp |
Actual Lease Payments
ActualLeasePayments
|
83259 | USD |
CY2013Q1 | us-gaap |
Deferred Rent Credit
DeferredRentCredit
|
68263 | USD |
CY2014Q1 | us-gaap |
Deferred Rent Credit
DeferredRentCredit
|
18824 | USD |
CY2013 | eltp |
Stock Issued During Period Value Execution Of Warrants
StockIssuedDuringPeriodValueExecutionOfWarrants
|
599384 | USD |
CY2014 | eltp |
Stock Issued During Period Value Execution Of Warrants
StockIssuedDuringPeriodValueExecutionOfWarrants
|
3601020 | USD |
CY2013 | eltp |
Adjustments To Additional Paid In Capital Proceeds Received In Exchange For Beneficial Conversion Provisions Embedded In Series E Preferred Shares
AdjustmentsToAdditionalPaidInCapitalProceedsReceivedInExchangeForBeneficialConversionProvisionsEmbeddedInSeriesEPreferredShares
|
437500 | USD |
CY2012 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
130000 | USD |
CY2013 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
110000 | USD |
CY2014Q1 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
27500 | USD |
CY2012 | us-gaap |
Officers Compensation
OfficersCompensation
|
67917 | USD |
CY2013 | us-gaap |
Officers Compensation
OfficersCompensation
|
368233 | USD |
CY2014Q1 | us-gaap |
Officers Compensation
OfficersCompensation
|
198481 | USD |
CY2013 | us-gaap |
Officers Compensation
OfficersCompensation
|
50072 | USD |
CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1000000 | shares |
CY2014Q1 | eltp |
Lease Termination Costs Current
LeaseTerminationCostsCurrent
|
0 | USD |
CY2010 | eltp |
Sharebased Compensation Arrangements By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
|
93452 | USD |
CY2013 | eltp |
Sharebased Compensation Arrangements By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
|
113842 | USD |
CY2014 | eltp |
Sharebased Compensation Arrangements By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
|
202497 | USD |
CY2013Q1 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
6295 | USD |
CY2014Q1 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
0 | USD |
CY2013Q1 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
0 | USD |
CY2014Q1 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
0 | USD |
CY2013 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
806365 | USD |
CY2014 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
1536039 | USD |
CY2013 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
146119 | USD |
CY2014 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
478233 | USD |
CY2014 | eltp |
Stock Option Plan Expense1
StockOptionPlanExpense1
|
18836 | USD |
CY2013 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
0 | USD |
CY2014 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
7953591 | USD |
CY2014 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
107960 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
18836 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
24300 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
0 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | USD |
CY2013 | eltp |
Stock Issued During Period Value Issued For Capital Purchase Agreement
StockIssuedDuringPeriodValueIssuedForCapitalPurchaseAgreement
|
240144 | USD |
CY2014 | eltp |
Stock Issued During Period Value Issued For Capital Purchase Agreement
StockIssuedDuringPeriodValueIssuedForCapitalPurchaseAgreement
|
-47987 | USD |
CY2013Q1 | eltp |
Equipment Financing Payable Current
EquipmentFinancingPayableCurrent
|
0 | USD |
CY2014Q1 | eltp |
Equipment Financing Payable Current
EquipmentFinancingPayableCurrent
|
18870 | USD |
CY2013Q1 | eltp |
Equipment Financing Payable Non Current
EquipmentFinancingPayableNonCurrent
|
0 | USD |
CY2014Q1 | eltp |
Equipment Financing Payable Non Current
EquipmentFinancingPayableNonCurrent
|
87574 | USD |
CY2013Q1 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
USD | |
CY2014Q1 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
USD | |
CY2013Q1 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
68260 | USD |
CY2014Q1 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
18821 | USD |
CY2013Q1 | eltp |
Lease Termination Costs Current
LeaseTerminationCostsCurrent
|
0 | USD |
CY2014Q1 | eltp |
Lease Termination Costs Non Current
LeaseTerminationCostsNonCurrent
|
24749 | USD |
CY2013Q1 | eltp |
Lease Termination Costs Non Current
LeaseTerminationCostsNonCurrent
|
23311 | USD |
CY2014 | eltp |
Financing Lease Term
FinancingLeaseTerm
|
P60M | |
CY2014Q1 | eltp |
Financing Lease Interest Rate
FinancingLeaseInterestRate
|
0.068 | pure |
CY2014 | eltp |
Financing Lease Expiration Date1
FinancingLeaseExpirationDate1
|
2019-02-28 | |
CY2014 | eltp |
Straight Line Deferred Rent Liability Adjustments
StraightLineDeferredRentLiabilityAdjustments
|
-56518 | USD |
CY2013 | eltp |
Straight Line Deferred Rent Liability Adjustments
StraightLineDeferredRentLiabilityAdjustments
|
0 | USD |
CY2014 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2013 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2014Q1 | eltp |
Accumulated Amortization Of Impaired Assets
AccumulatedAmortizationOfImpairedAssets
|
0 | USD |
CY2013Q1 | eltp |
Accumulated Amortization Of Impaired Assets
AccumulatedAmortizationOfImpairedAssets
|
0 | USD |
CY2014 | us-gaap |
Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
|
straight-line method | |
CY2014 | us-gaap |
Finite Lived Intangible Assets Amortization Method
FiniteLivedIntangibleAssetsAmortizationMethod
|
straight-line method |