2016 Q1 Form 10-K Financial Statement

#000114420416108327 Filed on June 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2016 2015 Q1
Revenue $5.195M $12.50M $1.234M
YoY Change 320.99% 149.21% 20.04%
Cost Of Revenue $1.036M $4.484M $904.0K
YoY Change 14.6% 48.8% -13.58%
Gross Profit $4.159M $8.014M $331.0K
YoY Change 1156.5% 300.38% -1938.89%
Gross Profit Margin 80.06% 64.12% 26.82%
Selling, General & Admin $3.237M
YoY Change 2.29%
% of Gross Profit 40.39%
Research & Development $12.43M
YoY Change -15.61%
% of Gross Profit 155.09%
Depreciation & Amortization $180.0K $666.5K -$70.00K
YoY Change -357.14% 14.54% -158.33%
% of Gross Profit 4.33% 8.32% -21.15%
Operating Expenses $3.588M $16.33M $5.788M
YoY Change -38.01% -11.77% 144.74%
Operating Profit $571.0K -$8.317M -$5.457M
YoY Change -110.46% -49.62% 128.9%
Interest Expense $280.7K
YoY Change -2.28%
% of Operating Profit
Other Income/Expense, Net $7.408M $7.113M -$898.0K
YoY Change -924.94% -67.26% -97.16%
Pretax Income -$1.203M
YoY Change -123.07%
Income Tax -$520.0K -$520.5K -$3.000K
% Of Pretax Income
Net Earnings $8.499M -$683.0K -$6.350M
YoY Change -233.84% -113.08% -92.68%
Net Earnings / Revenue 163.6% -5.46% -514.59%
Basic Earnings Per Share $0.03 -$0.01 -$0.01
Diluted Earnings Per Share $0.00 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 695.2M shares 673.9M shares
Diluted Shares Outstanding 673.9M shares

Balance Sheet

Concept 2016 Q1 2016 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.51M $11.51M $7.460M
YoY Change 54.29% 54.23% 7.49%
Cash & Equivalents $11.51M $7.464M
Short-Term Investments
Other Short-Term Assets $380.0K $377.8K $390.0K
YoY Change -2.56% -2.66% 21.88%
Inventory $3.294M $3.294M $3.032M
Prepaid Expenses
Receivables $1.530M $1.530M $1.446M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.71M $16.71M $12.33M
YoY Change 35.55% 35.55% 24.24%
LONG-TERM ASSETS
Property, Plant & Equipment $8.111M $8.111M $6.402M
YoY Change 26.69% 26.69% 52.44%
Goodwill
YoY Change
Intangibles $6.412M $6.382M
YoY Change 0.47% 0.5%
Long-Term Investments $50.00K $48.71K $200.0K
YoY Change -75.0% -75.46% -94.03%
Other Assets $437.7K $389.0K $806.0K
YoY Change -45.7% -35.98% -79.03%
Total Long-Term Assets $14.96M $14.96M $13.59M
YoY Change 10.09% 10.09% -5.58%
TOTAL ASSETS
Total Short-Term Assets $16.71M $16.71M $12.33M
Total Long-Term Assets $14.96M $14.96M $13.59M
Total Assets $31.67M $31.67M $25.92M
YoY Change 22.2% 22.2% 6.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.804M $1.804M $3.384M
YoY Change -46.67% -54.86% 53.1%
Accrued Expenses $555.4K $555.4K $614.0K
YoY Change -9.55%
Deferred Revenue
YoY Change
Short-Term Debt $34.68K $718.3K $0.00
YoY Change 23.19% -100.0%
Long-Term Debt Due $308.3K $548.8K $265.2K
YoY Change 16.25% 15.49% 202.79%
Total Short-Term Liabilities $4.640M $4.640M $5.069M
YoY Change -8.46% -8.46% -17.72%
LONG-TERM LIABILITIES
Long-Term Debt $2.180M $2.176M $2.070M
YoY Change 5.31% 5.36% 10869.79%
Other Long-Term Liabilities $47.42K $13.69M $629.1K
YoY Change -92.46% -26.04% 379.73%
Total Long-Term Liabilities $15.87M $15.87M $20.58M
YoY Change -22.89% -22.89% -79.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.640M $4.640M $5.069M
Total Long-Term Liabilities $15.87M $15.87M $20.58M
Total Liabilities $20.51M $20.51M $25.65M
YoY Change -20.04% -20.04% -75.69%
SHAREHOLDERS EQUITY
Retained Earnings -$142.7M -$142.0M
YoY Change 0.48% -36.9%
Common Stock $109.8M $107.6M
YoY Change 2.13% -25.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $306.8K $306.8K
YoY Change 0.0% 0.0%
Treasury Stock Shares 100.0K shares 100.0K shares
Shareholders Equity -$33.12M $11.16M -$34.73M
YoY Change
Total Liabilities & Shareholders Equity $31.67M $31.67M $25.92M
YoY Change 22.2% 22.2% 6.59%

Cashflow Statement

Concept 2016 Q1 2016 2015 Q1
OPERATING ACTIVITIES
Net Income $8.499M -$683.0K -$6.350M
YoY Change -233.84% -113.08% -92.68%
Depreciation, Depletion And Amortization $180.0K $666.5K -$70.00K
YoY Change -357.14% 14.54% -158.33%
Cash From Operating Activities $600.0K -$2.765M -$3.850M
YoY Change -115.58% -81.69% 160.14%
INVESTING ACTIVITIES
Capital Expenditures -$570.0K -$1.949M -$600.0K
YoY Change -5.0% -2.41% 361.54%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$570.0K -$1.949M -$600.0K
YoY Change -5.0% -167.69% 757.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.200M
YoY Change -53.16%
Debt Paid & Issued, Net $210.0K
YoY Change -81.08%
Cash From Financing Activities 3.370M $8.762M 3.650M
YoY Change -7.67% -31.26% -50.68%
NET CHANGE
Cash From Operating Activities 600.0K -$2.765M -3.850M
Cash From Investing Activities -570.0K -$1.949M -600.0K
Cash From Financing Activities 3.370M $8.762M 3.650M
Net Change In Cash 3.400M $4.048M -800.0K
YoY Change -525.0% 674.88% -113.68%
FREE CASH FLOW
Cash From Operating Activities $600.0K -$2.765M -$3.850M
Capital Expenditures -$570.0K -$1.949M -$600.0K
Free Cash Flow $1.170M -$816.6K -$3.250M
YoY Change -136.0% -93.77% 140.74%

Facts In Submission

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CY2015 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2016 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
0 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2015 eltp Milestone Issued For Epic Strategic Alliance Agreement Value
MilestoneIssuedForEpicStrategicAllianceAgreementValue
0 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
66922 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
574340 USD
CY2014 eltp Increase Decrease In Prepaid And Other Current Assets
IncreaseDecreaseInPrepaidAndOtherCurrentAssets
169373 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
788445 USD
CY2014 eltp Increase Decrease In Deferred Revenue And Customer Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerDeposits
-13333 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-4216876 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-557669 USD
CY2014 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
502268 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2777 USD
CY2014 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
0 USD
CY2014 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
868051 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
47987 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
11347299 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6572754 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
369023 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2014 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2014 eltp Milestone Issued For Epic Strategic Alliance Agreement Value
MilestoneIssuedForEpicStrategicAllianceAgreementValue
0 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6199643 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
333363 USD
CY2016 eltp Stock Issued During Period Value Execution Of Warrants
StockIssuedDuringPeriodValueExecutionOfWarrants
3017748 USD
CY2016 eltp Park Capital Purchase Agreement
ParkCapitalPurchaseAgreement
84102 USD
CY2016 eltp Stock Issued During Period Value Payment Of Directors Fees
StockIssuedDuringPeriodValuePaymentOfDirectorsFees
100071 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
23751 USD
CY2016 eltp Milestone Issued Value For Epic Strategic Alliance Agreement
MilestoneIssuedValueForEpicStrategicAllianceAgreement
840000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13236624 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
260047 USD
CY2015 eltp Stock Issued During Period Value Execution Of Warrants
StockIssuedDuringPeriodValueExecutionOfWarrants
774853 USD
CY2015 eltp Park Capital Purchase Agreement
ParkCapitalPurchaseAgreement
0 USD
CY2015 eltp Stock Issued During Period Value Payment Of Directors Fees
StockIssuedDuringPeriodValuePaymentOfDirectorsFees
110000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
26000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
-8673388 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
10000000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
82947 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
-81198155 USD
CY2014 eltp Stock Issued During Period Value Execution Of Warrants
StockIssuedDuringPeriodValueExecutionOfWarrants
3601020 USD
CY2014 eltp Park Capital Purchase Agreement
ParkCapitalPurchaseAgreement
0 USD
CY2014 eltp Stock Issued During Period Value Payment Of Directors Fees
StockIssuedDuringPeriodValuePaymentOfDirectorsFees
110000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
24300 USD
CY2016Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
2845246 USD
CY2015Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
2850459 USD
CY2016Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
222784 USD
CY2015Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
58770 USD
CY2016Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
225699 USD
CY2015Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
122773 USD
CY2016 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
30025 USD
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6349919 USD
CY2015 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
31855 USD
CY2016Q1 eltp Derivative Liability Warrants
DerivativeLiabilityWarrants
10368567 USD
CY2015Q1 eltp Derivative Liability Warrants
DerivativeLiabilityWarrants
17762573 USD
CY2016Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
3278887 USD
CY2015Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
125557 USD
CY2016Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1013333 USD
CY2015Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
13333 USD
CY2016 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"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black"><u>USE OF ESTIMATES</u></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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272620 USD
CY2015Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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6074117 USD
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6726401 USD
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2016Q1 eltp Accumulated Amortization Eda Bond Offering Costs
AccumulatedAmortizationEdaBondOfferingCosts
150052 USD
CY2015Q1 eltp Accumulated Amortization Eda Bond Offering Costs
AccumulatedAmortizationEdaBondOfferingCosts
135874 USD
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
995000000 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
690000000 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
711544352 shares
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
631160701 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
711444352 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
631060701 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
100000 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
100000 shares
CY2016 us-gaap Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
straight-line method
CY2016 us-gaap Finite Lived Intangible Assets Amortization Method
FiniteLivedIntangibleAssetsAmortizationMethod
straight-line method
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-1203464 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5217356 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41553508 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-520452 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3249 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-292611 USD
CY2016Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
11500000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
47987 USD
CY2014 eltp Stockissuedduringperiodvaluepaymentofemployeesalaries
Stockissuedduringperiodvaluepaymentofemployeesalaries
368233 USD
CY2014 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
18836 USD
CY2014 eltp Stock Issued During Period Value Payment For Preferred Share Derivative Interest
StockIssuedDuringPeriodValuePaymentForPreferredShareDerivativeInterest
68089 USD
CY2014 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
9825066 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
16365 USD
CY2015 eltp Stockissuedduringperiodvaluepaymentofemployeesalaries
Stockissuedduringperiodvaluepaymentofemployeesalaries
849737 USD
CY2015 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
23999 USD
CY2014 us-gaap Interest Paid
InterestPaid
289494 USD
CY2015 eltp Conversionofseriesbseriescandseriesepreferredsharesintocommonsharesvalue
Conversionofseriesbseriescandseriesepreferredsharesintocommonsharesvalue
2272500 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
84102 USD
CY2016 eltp Stockissuedduringperiodvaluepaymentofemployeesalaries
Stockissuedduringperiodvaluepaymentofemployeesalaries
1039000 USD
CY2016 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
24000 USD
CY2016 eltp Interest Expense Non Cash
InterestExpenseNonCash
0 USD
CY2015 eltp Interest Expense Non Cash
InterestExpenseNonCash
0 USD
CY2014 eltp Interest Expense Non Cash
InterestExpenseNonCash
568395 USD
CY2016 eltp Stock Option Plan Expense1
StockOptionPlanExpense1
24000 USD
CY2015 eltp Stock Option Plan Expense1
StockOptionPlanExpense1
23999 USD
CY2014 eltp Stock Option Plan Expense1
StockOptionPlanExpense1
18836 USD
CY2016 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1139071 USD
CY2015 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
959737 USD
CY2014 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
478233 USD
CY2016 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
135238 USD
CY2015 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
54322 USD
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
528750 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6199643 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13236624 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10000000 USD
CY2016 eltp Increase Decrease In Derivative Interest Payable Net
IncreaseDecreaseInDerivativeInterestPayableNet
0 USD
CY2015 eltp Increase Decrease In Derivative Interest Payable Net
IncreaseDecreaseInDerivativeInterestPayableNet
0 USD
CY2014 eltp Increase Decrease In Derivative Interest Payable Net
IncreaseDecreaseInDerivativeInterestPayableNet
-27500 USD
CY2016 us-gaap Paid In Kind Interest
PaidInKindInterest
0 USD
CY2014 us-gaap Paid In Kind Interest
PaidInKindInterest
68089 USD
CY2016 us-gaap Interest Paid
InterestPaid
215878 USD
CY2015 us-gaap Interest Paid
InterestPaid
89336 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
4048 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
2500 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
3099 USD
CY2015 eltp Commitment Shares Issued
CommitmentSharesIssued
830521 USD
CY2014 eltp Commitment Shares Issued
CommitmentSharesIssued
1112838 USD
CY2016 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
CY2015 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2272500 USD
CY2014 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
9825066 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 USD
CY2015 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
CY2016 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2015 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2014 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
600000 USD
CY2016 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2015 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2014 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
7953591 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
442399 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
804861 USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
107960 USD
CY2016Q1 us-gaap Redeemable Noncontrolling Interest Equity Preferred Redemption Value
RedeemableNoncontrollingInterestEquityPreferredRedemptionValue
-9285715 USD
CY2015Q1 us-gaap Redeemable Noncontrolling Interest Equity Preferred Redemption Value
RedeemableNoncontrollingInterestEquityPreferredRedemptionValue
23709069 USD
CY2014Q1 us-gaap Redeemable Noncontrolling Interest Equity Preferred Redemption Value
RedeemableNoncontrollingInterestEquityPreferredRedemptionValue
55314374 USD
CY2015 us-gaap Depreciation
Depreciation
652284 USD
CY2014 us-gaap Depreciation
Depreciation
566028 USD
CY2016 us-gaap Revenue Recognition Milestone Method Milestone
RevenueRecognitionMilestoneMethodMilestone
The milestones, totaling $500k, consist of amounts due upon the first shipment of each identified product, as follows: Phentermine 37.5mg tablets ($145k), Phentermine 15 &amp;amp; 30mg capsules ($45k), Hydromorphone 8mg ($125k), Naltrexone 50mg ($95k) and the balance of $95k due in relation to the first shipment of generic products which still require marketing authorizations from the FDA, and to which there can be no assurances of such marketing authorizations being granted and accordingly there can be no assurances that the Company will earn and receive these milestone amounts.
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14837122 USD
CY2015Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12475919 USD
CY2014Q2 us-gaap Cost Method Investments
CostMethodInvestments
3329322 USD
CY2014Q2 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1670685 USD
CY2015Q1 eltp Bond Issue Costs
BondIssueCosts
354453 USD
CY2016Q1 eltp Bond Issue Costs
BondIssueCosts
354453 USD
CY2015Q1 eltp Accumulated Amortization Of Bond
AccumulatedAmortizationOfBond
135874 USD
CY2016Q1 eltp Accumulated Amortization Of Bond
AccumulatedAmortizationOfBond
150052 USD
CY2015Q1 eltp Unamortization Of Bond
UnamortizationOfBond
218579 USD
CY2016Q1 eltp Unamortization Of Bond
UnamortizationOfBond
204401 USD
CY2016Q1 eltp Equipment Financing Payable Current
EquipmentFinancingPayableCurrent
342945 USD
CY2015Q1 eltp Equipment Financing Payable Current
EquipmentFinancingPayableCurrent
265165 USD
CY2016Q1 eltp Equipment Financing Payable Non Current
EquipmentFinancingPayableNonCurrent
-520827 USD
CY2015Q1 eltp Equipment Financing Payable Non Current
EquipmentFinancingPayableNonCurrent
-560338 USD
CY2016Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
19528 USD
CY2015Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
42524 USD
CY2016Q1 eltp Lease Termination Costs Current
LeaseTerminationCostsCurrent
0 USD
CY2015Q1 eltp Lease Termination Costs Current
LeaseTerminationCostsCurrent
0 USD
CY2016Q1 eltp Lease Termination Costs Non Current
LeaseTerminationCostsNonCurrent
27896 USD
CY2015Q1 eltp Lease Termination Costs Non Current
LeaseTerminationCostsNonCurrent
26275 USD
CY2016Q1 eltp Short Term Loans And Current Portion Of Long Term Debt
ShortTermLoansAndCurrentPortionOfLongTermDebt
342945 USD
CY2015Q1 eltp Short Term Loans And Current Portion Of Long Term Debt
ShortTermLoansAndCurrentPortionOfLongTermDebt
265165 USD
CY2016Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
442399 USD
CY2015Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
909477 USD
CY2016 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Minimum
DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
0.068 pure
CY2016 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Maximum
DebtInstrumentInterestRateStatedPercentageRateRangeMaximum
0.122 pure
CY2016 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2016-12-31
CY2016 eltp Lease Renewal Term
LeaseRenewalTerm
P5Y
CY2015 eltp Interest Expenses Derivatives
InterestExpensesDerivatives
0 USD
CY2014 eltp Interest Expenses Derivatives
InterestExpensesDerivatives
40588 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-4048000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-3248000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-3099000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2015 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
0 USD
CY2016 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
524500000 USD
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
0 USD
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
295710000 USD
CY2016 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
520452000 USD
CY2015 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-3248000 USD
CY2014 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
292611000 USD
CY2016Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27033000 USD
CY2015Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
24547000 USD
CY2014Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
19813000 USD
CY2016Q1 us-gaap Deferred Tax Assets Valuation Allowance
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27033000 USD
CY2015Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
24547000 USD
CY2014Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19813000 USD
CY2016 eltp Interest Expenses Derivatives
InterestExpensesDerivatives
0 USD
CY2016Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2015Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2014Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7642167 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5435667 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.48
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.54
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
360000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2590000 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
112500 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
223334 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
280000 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
160166 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7609667 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.48
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.60
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.18
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.21
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.12
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.38
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.31
CY2015 us-gaap Paid In Kind Interest
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0 USD
CY2016Q1 eltp Lease Termination Cost Payable
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50000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
0 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2016Q1 us-gaap Deferred Revenue
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4292220 USD
CY2016 eltp Corporate Unallocated Costs
CorporateUnallocatedCosts
1772241 USD
CY2015 eltp Corporate Unallocated Costs
CorporateUnallocatedCosts
1319939 USD
CY2014 eltp Corporate Unallocated Costs
CorporateUnallocatedCosts
1351921 USD
CY2016 us-gaap Investment Income Interest
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9802 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
7 USD
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
0 USD
CY2016 us-gaap Other Noncash Expense
OtherNoncashExpense
1513433 USD
CY2015 us-gaap Other Noncash Expense
OtherNoncashExpense
1281052 USD
CY2014 us-gaap Other Noncash Expense
OtherNoncashExpense
749935 USD
CY2016 us-gaap Gain Loss On Sale Of Derivatives
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7394006 USD
CY2015 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
20340874 USD
CY2014 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-35430386 USD
CY2015Q1 eltp Warrants Outstanding
WarrantsOutstanding
89870034 shares
CY2014Q1 eltp Warrants Outstanding
WarrantsOutstanding
102143091 shares
CY2016Q1 eltp Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
0.06
CY2015Q1 eltp Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
0.06
CY2016Q1 eltp Warrants Outstanding
WarrantsOutstanding
41586066 shares
CY2014Q1 eltp Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
0.06
CY2016 eltp Warrant Exercised Forfeitures And Expirations During Period
WarrantExercisedForfeituresAndExpirationsDuringPeriod
48283968 shares
CY2015 eltp Warrant Exercised Forfeitures And Expirations During Period
WarrantExercisedForfeituresAndExpirationsDuringPeriod
12273057 shares
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
153430 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
180854 USD
CY2016 eltp Warrant Exercised Forfeitures And Expirations During Period Weighted Average Exercise Price
WarrantExercisedForfeituresAndExpirationsDuringPeriodWeightedAverageExercisePrice
0.06
CY2015 eltp Warrant Exercised Forfeitures And Expirations During Period Weighted Average Exercise Price
WarrantExercisedForfeituresAndExpirationsDuringPeriodWeightedAverageExercisePrice
0.07
CY2016 eltp Operating Lease Description
OperatingLeaseDescription
6 years with 2 tenant renewal options for 5 years each
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due Current
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155169 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
0 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
0 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
359019 USD
CY2016 eltp Lease Initiation Date
LeaseInitiationDate
2010-07-01
CY2016 eltp Actual Lease Payments
ActualLeasePayments
203850 USD
CY2015 eltp Actual Lease Payments
ActualLeasePayments
114321 USD
CY2016 eltp Straight Line Deferred Rent Liability Adjustments
StraightLineDeferredRentLiabilityAdjustments
0 USD
CY2015 eltp Straight Line Deferred Rent Liability Adjustments
StraightLineDeferredRentLiabilityAdjustments
-15409 USD
CY2016Q1 us-gaap Deferred Rent Credit
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19528 USD
CY2015Q1 us-gaap Deferred Rent Credit
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42524 USD
CY2016 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
100071 USD
CY2015 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
110000 USD
CY2014 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
110000 USD
CY2016 us-gaap Officers Compensation
OfficersCompensation
1039000 USD
CY2015 us-gaap Officers Compensation
OfficersCompensation
849737 USD
CY2014 us-gaap Officers Compensation
OfficersCompensation
368233 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3000000 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.07
CY2014 eltp Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
202497 USD
CY2016Q1 eltp Common Stock Traded Percent
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0.3 pure
CY2016Q1 eltp Common Stock Weighted Average Price Percent
CommonStockWeightedAveragePricePercent
0.97 pure
CY2015 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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142857143 shares
CY2015 eltp Incremental Common Shares Attributable To Warrant
IncrementalCommonSharesAttributableToWarrant
22926029 shares
CY2015 eltp Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
581020 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5595066 shares
CY2016 us-gaap Valuation Allowance Commentary
ValuationAllowanceCommentary
At March 31, 2016 and 2015, a 100% valuation allowance is provided
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BusinessCombinationConsiderationTransferred1
10000000 USD
CY2016Q1 us-gaap Debt Instrument Convertible Conversion Price1
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0.07
CY2016 us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
14286 pure
CY2016 us-gaap Debt Conversion Original Debt Amount1
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1000 USD
CY2016Q1 us-gaap Sales Revenue Net
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5195000 USD
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SalesRevenueNet
2194000 USD
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SalesRevenueNet
2947000 USD
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2163000 USD
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1036000 USD
CY2015Q4 us-gaap Cost Of Revenue
CostOfRevenue
836000 USD
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1415000 USD
CY2015Q2 us-gaap Cost Of Revenue
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1197000 USD
CY2016Q1 us-gaap Gross Profit
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4159000 USD
CY2015Q4 us-gaap Gross Profit
GrossProfit
1358000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
1532000 USD
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966000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
3588000 USD
CY2015Q4 us-gaap Operating Expenses
OperatingExpenses
4071000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
5299000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
3373000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
571000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2713000 USD
CY2015Q3 us-gaap Operating Income Loss
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-3767000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2407000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
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7408000 USD
CY2015Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9520000 USD
CY2015Q3 us-gaap Nonoperating Income Expense
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2086000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
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7139000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-520000 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
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0 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2016Q1 us-gaap Profit Loss
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8499000 USD
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ProfitLoss
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CY2015Q3 us-gaap Profit Loss
ProfitLoss
-1681000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
4732000 USD
CY2016Q1 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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14142000 USD
CY2015Q4 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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-24786000 USD
CY2015Q3 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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-5071000 USD
CY2015Q2 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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6429000 USD
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22641000 USD
CY2015Q4 us-gaap Net Income Loss
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-37019000 USD
CY2015Q3 us-gaap Net Income Loss
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-6753000 USD
CY2015Q2 us-gaap Net Income Loss
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11161000 USD
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0.03
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-0.05
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-0.01
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0.02
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0.00
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-0.01
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EarningsPerShareDiluted
-0.00
CY2015Q1 us-gaap Sales Revenue Net
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1234000 USD
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
1363000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1256000 USD
CY2014Q4 us-gaap Profit Loss
ProfitLoss
7417000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
6248000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
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1162000 USD
CY2015Q1 us-gaap Cost Of Revenue
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904000 USD
CY2014Q4 us-gaap Cost Of Revenue
CostOfRevenue
700000 USD
CY2014Q3 us-gaap Cost Of Revenue
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682000 USD
CY2014Q2 us-gaap Cost Of Revenue
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729000 USD
CY2015Q1 us-gaap Gross Profit
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331000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
663000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
575000 USD
CY2014Q2 us-gaap Gross Profit
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433000 USD
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OperatingExpenses
5788000 USD
CY2014Q4 us-gaap Operating Expenses
OperatingExpenses
3221000 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
4636000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
4864000 USD
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-5457000 USD
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OperatingIncomeLoss
-2557000 USD
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OperatingIncomeLoss
-4061000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4431000 USD
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NonoperatingIncomeExpense
-898000 USD
CY2014Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9974000 USD
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
10310000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
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2338000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
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-3000 USD
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0 USD
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IncomeTaxExpenseBenefit
0 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q2 us-gaap Profit Loss
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-2094000 USD
CY2015Q1 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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-2715000 USD
CY2014Q4 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
ChangeInValueOfConvertiblePreferredShareMezzanineEquity
13600000 USD
CY2014Q3 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
ChangeInValueOfConvertiblePreferredShareMezzanineEquity
15132000 USD
CY2014Q2 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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-2308000 USD
CY2015Q1 us-gaap Net Income Loss
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-9065000 USD
CY2014Q4 us-gaap Net Income Loss
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21017000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
21380000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-4402000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
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-0.01
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
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EarningsPerShareBasic
0.04
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EarningsPerShareBasic
-0.01
CY2015Q1 us-gaap Earnings Per Share Diluted
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-0.01
CY2014Q4 us-gaap Earnings Per Share Diluted
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-0.01
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EarningsPerShareDiluted
-0.01
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EarningsPerShareDiluted
-0.01
CY2014Q1 us-gaap Sales Revenue Net
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1028000 USD
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1693000 USD
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1159000 USD
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722000 USD
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617000 USD
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-1061000 USD
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ProfitLoss
1119000 USD
CY2014Q1 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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-53056000 USD
CY2013Q4 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
ChangeInValueOfConvertiblePreferredShareMezzanineEquity
1000 USD
CY2013Q3 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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-2061000 USD
CY2013Q2 eltp Change In Value Of Convertible Preferred Share Mezzanine Equity
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-197000 USD
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699000 USD
CY2013Q3 us-gaap Gross Profit
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542000 USD
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143000 USD
CY2014Q1 us-gaap Operating Expenses
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2365000 USD
CY2013Q4 us-gaap Operating Expenses
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1936000 USD
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CY2013Q2 us-gaap Operating Expenses
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1118000 USD
CY2014Q1 us-gaap Operating Income Loss
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-2384000 USD
CY2013Q4 us-gaap Operating Income Loss
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-1237000 USD
CY2013Q3 us-gaap Operating Income Loss
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-687000 USD
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-976000 USD
CY2014Q1 us-gaap Nonoperating Income Expense
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-31652000 USD
CY2013Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
175000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
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-6887000 USD
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2095000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
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-295000 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
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0 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
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2000 USD
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0 USD
CY2013Q4 us-gaap Net Income Loss
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-1062000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-9638000 USD
CY2013Q2 us-gaap Net Income Loss
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922000 USD
CY2014Q1 us-gaap Earnings Per Share Basic
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-0.16
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-0.00
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-0.02
CY2013Q2 us-gaap Earnings Per Share Basic
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0.00
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-0.16
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-0.00
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-0.02
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2016 eltp Derivative Liability Warrants Exercise Price
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0.0625
CY2015 eltp Derivative Liability Warrants Exercise Price
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0.25
CY2016Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2015Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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0 USD
CY2016Q1 eltp Dividend Distribution Rights Issue Redemption Price Per Right
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0.000001
CY2014 eltp Conversionofseriesbseriescandseriesepreferredsharesintocommonsharesvalue
Conversionofseriesbseriescandseriesepreferredsharesintocommonsharesvalue
9825066 USD
CY2015 eltp Stock Issued During Period Value Payment For Preferred Share Derivative Interest
StockIssuedDuringPeriodValuePaymentForPreferredShareDerivativeInterest
0 USD
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0.08
CY2016 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: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black"><u><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>CONCENTRATION OF CREDIT RISK</u></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black">The Company maintains cash balances, which, at times, may exceed the amounts insured by the Federal Deposit Insurance Corp. Uninsured balances at March 31, 2016 are $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">11.5</font> million. Management does not believe that there is any significant risk of losses.</font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black">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 2016, Fiscal 2015 and Fiscal 2014, the Company generated all its revenues from six, seven and ten 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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q2 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
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5000000 USD
CY2014Q1 eltp Derivative Liability Warrants
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38103446 USD
CY2015 eltp Derivative Liability Warrants Exercised In Period
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2578300 USD
CY2015 eltp Derivative Liability Warrants Change In Fair Value Of Warrant Liability
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-18447573 USD
CY2016 eltp Conversionofseriesbseriescandseriesepreferredsharesintocommonsharesvalue
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0 USD
CY2016Q1 us-gaap Short Term Borrowings
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34681 USD
CY2015Q1 us-gaap Short Term Borrowings
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0 USD
CY2016Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
555352 USD
CY2015Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
613995 USD
CY2016 eltp Commitment Shares Issued
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84102 USD
CY2016 eltp Derivative Liability Warrants Exercised In Period
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14788012 USD
CY2016 eltp Derivative Liability Warrants Change In Fair Value Of Warrant Liability
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7394006 USD
CY2013Q1 eltp Derivative Liability Warrants
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7862848 USD
CY2014 eltp Derivative Liability Warrants Exercised In Period
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2757271 USD
CY2014 eltp Derivative Liability Warrants Change In Fair Value Of Warrant Liability
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32997869 USD
CY2016 eltp Stock Issued During Period Value Payment For Preferred Share Derivative Interest
StockIssuedDuringPeriodValuePaymentForPreferredShareDerivativeInterest
0 USD
CY2015 eltp Reversal Of Change In Fair Value Of Warrant Derivatives
ReversalOfChangeInFairValueOfWarrantDerivatives
18447573 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3939000 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
308333 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1195000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.18
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
CY2015 eltp Reversal Of Change In Fair Value Of Convertible Preferred Share Mezzanine Equity
ReversalOfChangeInFairValueOfConvertiblePreferredShareMezzanineEquity
25602370 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-15120269 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.07
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.021 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.022 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.022 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.028 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.19 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.2 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.2 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.21 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.3 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0 pure
CY2016 eltp Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0.027 pure
CY2015 eltp Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0.0 pure
CY2014 eltp Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0.0 pure
CY2016Q1 us-gaap Officers Compensation
OfficersCompensation
207500 USD
CY2016 eltp Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
129913 USD
CY2015 eltp Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
769421 USD
CY2016 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; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.58in"> <div><font style="COLOR: black"><b>NOTE 28</b></font></div> </td> <td style="TEXT-ALIGN: center; WIDTH: 0.32in"> <div>-</div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="COLOR: black"><b>CONTINGENCIES</b></font></div> </td> </tr> </table> <font style="COLOR: black"><b>&#160;</b></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 0.9in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="COLOR: black">As part of the Company&#8217;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&#8217;s salary, and certain Directors and managers would receive an amount equal to six months of such Director&#8217;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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
904409 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
642981 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
22173 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
31513 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
101962 USD
CY2016Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
462308 USD
CY2016 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y

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