2017 Q3 Form 10-Q Financial Statement

#000114420417057793 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $1.624M $2.686M
YoY Change -39.55% -8.86%
Cost Of Revenue $614.9K $1.851M
YoY Change -66.78% 30.81%
Gross Profit $1.009M $835.0K
YoY Change 20.8% -45.5%
Gross Profit Margin 62.12% 31.09%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $2.287M $1.267M
YoY Change 80.51% -69.64%
% of Gross Profit 226.69% 151.7%
Depreciation & Amortization $226.0K $165.8K
YoY Change 36.32% 3.12%
% of Gross Profit 22.41% 19.86%
Operating Expenses $3.139M $2.040M
YoY Change 53.85% -61.5%
Operating Profit -$2.130M -$1.205M
YoY Change 76.75% -68.01%
Interest Expense $82.54K $57.38K
YoY Change 43.86% -10.1%
% of Operating Profit
Other Income/Expense, Net $3.945M $5.443M
YoY Change -27.52% 160.93%
Pretax Income $1.815M $4.238M
YoY Change -57.17% -352.06%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $1.815M $4.238M
YoY Change -57.17% -352.11%
Net Earnings / Revenue 111.79% 157.78%
Basic Earnings Per Share $0.00 $0.03
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 782.4M shares 806.9M shares
Diluted Shares Outstanding 788.8M shares 816.0M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.560M $12.58M
YoY Change -39.9% 39.31%
Cash & Equivalents $7.947M $12.58M
Short-Term Investments
Other Short-Term Assets $260.0K $300.0K
YoY Change -13.33% 0.0%
Inventory $5.710M $5.640M
Prepaid Expenses
Receivables $1.090M $1.150M
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.61M $19.66M
YoY Change -25.69% 39.48%
LONG-TERM ASSETS
Property, Plant & Equipment $9.270M $8.352M
YoY Change 10.99% 10.55%
Goodwill
YoY Change
Intangibles $6.418M
YoY Change 0.28%
Long-Term Investments $50.00K $50.00K
YoY Change 0.0% 0.0%
Other Assets $390.0K $390.0K
YoY Change 0.0% -39.92%
Total Long-Term Assets $17.40M $15.21M
YoY Change 14.4% 676.02%
TOTAL ASSETS
Total Short-Term Assets $14.61M $19.66M
Total Long-Term Assets $17.40M $15.21M
Total Assets $32.01M $34.87M
YoY Change -8.2% 21.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $860.0K $2.280M
YoY Change -62.28% -36.85%
Accrued Expenses $1.340M $1.430M
YoY Change -6.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $440.0K $410.0K
YoY Change 7.32% -12.77%
Total Short-Term Liabilities $3.650M $5.135M
YoY Change -28.92% 13.91%
LONG-TERM LIABILITIES
Long-Term Debt $3.320M $1.980M
YoY Change 67.68% -4.12%
Other Long-Term Liabilities $4.950M $35.25K
YoY Change 13942.15% -93.58%
Total Long-Term Liabilities $8.270M $7.260M
YoY Change 13.92% -37.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.650M $5.135M
Total Long-Term Liabilities $8.270M $7.260M
Total Liabilities $11.92M $12.39M
YoY Change -3.83% -23.52%
SHAREHOLDERS EQUITY
Retained Earnings -$137.3M
YoY Change 0.28%
Common Stock $160.1M
YoY Change 36.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $306.8K
YoY Change 0.0%
Treasury Stock Shares 100.0K shares 100.0K shares
Shareholders Equity $20.09M $22.48M
YoY Change
Total Liabilities & Shareholders Equity $32.01M $34.87M
YoY Change -8.2% 21.5%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $1.815M $4.238M
YoY Change -57.17% -352.11%
Depreciation, Depletion And Amortization $226.0K $165.8K
YoY Change 36.32% 3.12%
Cash From Operating Activities -$2.230M -$2.320M
YoY Change -3.88% -33.33%
INVESTING ACTIVITIES
Capital Expenditures -$120.0K -$240.0K
YoY Change -50.0% -65.71%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$120.0K -$240.0K
YoY Change -50.0% -65.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 330.0K 2.320M
YoY Change -85.78% 45.0%
NET CHANGE
Cash From Operating Activities -2.230M -2.320M
Cash From Investing Activities -120.0K -240.0K
Cash From Financing Activities 330.0K 2.320M
Net Change In Cash -2.020M -240.0K
YoY Change 741.67% -90.7%
FREE CASH FLOW
Cash From Operating Activities -$2.230M -$2.320M
Capital Expenditures -$120.0K -$240.0K
Free Cash Flow -$2.110M -$2.080M
YoY Change 1.44% -25.18%

Facts In Submission

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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1453034 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
989274 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
170758 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
20378631 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
23571429 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1368562 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
174169 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
13953 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
43376 USD
us-gaap Operating Expenses
OperatingExpenses
6067492 USD
us-gaap Operating Expenses
OperatingExpenses
4372261 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4371142 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-2444663 USD
us-gaap Interest Expense
InterestExpense
153272 USD
us-gaap Interest Expense
InterestExpense
126320 USD
eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
4162436 USD
eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
7896849 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
8401 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
6256 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4017565 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7776785 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-353577 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5332122 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-353577 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26046408 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
800772162 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
765055707 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
807141399 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
774213953 shares
eltp Stock Issued During Period Value Execution Of Warrants
StockIssuedDuringPeriodValueExecutionOfWarrants
181908 USD
eltp Stock Issued During Period Value Initial Issues
StockIssuedDuringPeriodValueInitialIssues
919732 USD
eltp Stock Issued During Period Value Additional Issues
StockIssuedDuringPeriodValueAdditionalIssues
19586 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
955691 USD
us-gaap Revenue Recognition Milestone Method Milestone
RevenueRecognitionMilestoneMethodMilestone
The milestones, totaling $500k (with $405k already received), consist of amounts due upon the first shipment of each identified product, as follows: Phentermine 37.5mg tablets ($145k), Phentermine 15 & 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.
eltp Effect Of Dilutive Instruments On Net Income
EffectOfDilutiveInstrumentsOnNetIncome
4162436 USD
eltp Effect Of Dilutive Instruments On Net Income
EffectOfDilutiveInstrumentsOnNetIncome
28611135 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4516013 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2564727 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6369237 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
9158246 shares
CY2017Q3 us-gaap Inventory Gross
InventoryGross
5708832 USD
CY2017Q1 us-gaap Inventory Gross
InventoryGross
6415966 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17104223 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16466156 USD
us-gaap Depreciation
Depreciation
226044 USD
us-gaap Depreciation
Depreciation
338330 USD
CY2017Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6419091 USD
eltp Intangible Assets Excluding Goodwill Acquired
IntangibleAssetsExcludingGoodwillAcquired
1275274 USD
CY2017Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6411799 USD
CY2017 eltp Intangible Assets Excluding Goodwill Acquired
IntangibleAssetsExcludingGoodwillAcquired
7292 USD
CY2017Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
19022 USD
CY2016Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
21042 USD
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">NOTE 10. COMMITMENTS AND CONTINGENCIES</font></b></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> Occasionally, the Company may be involved in claims and legal proceedings arising from the ordinary course of its business. The Company records a provision for a liability when it believes that is both probable that a liability has been incurred, and the amount can be reasonably estimated. If these estimates and assumptions change or prove to be incorrect, it could have a material impact on the Company&#8217;s condensed consolidated financial statements. Contingencies are inherently unpredictable and the assessments of the value can involve a series of complex judgments about future events and can rely heavily on estimates and assumptions.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <b><i><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Operating Leases &#150; 135 Ludlow Ave.</font></i></b></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The Company entered into an operating lease for a portion of a one-story warehouse, located at 135 Ludlow Avenue, Northvale, New Jersey (the &#8220;135 Ludlow Ave. lease&#8221;). The <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 135</font> Ludlow Ave. lease is for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 15,000</font></font> square feet of floor space and began on July 1, 2010. During July 2014, the Company modified the 135 Ludlow Ave. lease in which the Company was permitted to occupy the entire <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 35,000</font> square feet of floor space in the building (&#8220;135 Ludlow Ave. modified lease&#8221;).</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The 135 Ludlow Ave. modified lease, includes an initial term, which expired on December 31, 2016 with two tenant renewal options of five years each, at the sole discretion of the Company. On June 22, 2016, the Company exercised the first of these renewal options, with such option including a term that begins on January 1, 2017 and expires on December 31, 2021.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The 135 Ludlow Ave. property required significant leasehold improvements and qualifications, as a prerequisite, for its intended future use. Manufacturing, packaging, warehousing and regulatory activities are currently conducted at this location. Additional renovations and construction to further expand the Company&#8217;s manufacturing resources are in progress.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"></font> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">Rent expense is recorded on the straight-line basis. Rents paid in excess is recognized as deferred rent. Rent expense under the 135 Ludlow Ave. modified lease for the three-month ended September 30, 2017 and 2016 was $54,909 and $45,213, respectively and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">109,818</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">90,426</font> for the six months ended September 30, 2017 and 2016, respectively. Rent expense is recorded in general and administrative expense in the unaudited condensed consolidated statements of operations. Deferred rent as of September 30, 2017 and March 31, 2017 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">6,453</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2,152</font>, respectively and recorded as a component of other long-term liabilities.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; BACKGROUND: transparent; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">The Company has an obligation for the restoration of its leased facility and the removal or dismantlement of certain property and equipment as a result of its business operation in accordance with ASC 410, <i> Asset Retirement and Environmental Obligations &#150; Asset Retirement Obligations</i>. The Company records the fair value of the asset retirement obligation in the period in which it is incurred. The Company increases, annually, the liability related to this obligation. The liability is accreted to its present value each period and the capitalized cost is depreciated over the useful life of the related asset. Upon settlement of the liability, the Company records either a gain or loss. As of September 30, 2017, and March 31, 2017, the Company had a liability of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">30,516</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">29,616</font>, respectively and recorded as a component of other long-term liabilities.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q3 eltp Closing Price On Valuation Date
ClosingPriceOnValuationDate
0.10
CY2017Q1 eltp Closing Price On Valuation Date
ClosingPriceOnValuationDate
0.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.214 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.232 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.2 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.21 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.022 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.024 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.015 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.025 pure
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
85000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
220000 USD

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