2018 Q4 Form 10-Q Financial Statement

#000114420418058784 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q1
Revenue $2.694M $1.363M $1.597M
YoY Change 6.27% -16.05% 18.3%
Cost Of Revenue $1.771M $542.6K $461.0K
YoY Change 24.73% -11.77% 168.02%
Gross Profit $922.8K $820.5K $1.136M
YoY Change -17.23% -18.65% -3.57%
Gross Profit Margin 34.26% 60.2% 71.13%
Selling, General & Admin $784.7K $651.5K
YoY Change
% of Gross Profit 85.03% 79.4%
Research & Development $2.454M $2.455M
YoY Change -2.4% 7.39%
% of Gross Profit 265.93% 299.27%
Depreciation & Amortization $411.2K $313.4K $290.0K
YoY Change 44.02% 38.64% 38.1%
% of Gross Profit 44.55% 38.2% 25.53%
Operating Expenses $3.560M $3.473M $3.759M
YoY Change 12.12% 10.67% -13.94%
Operating Profit -$2.637M -$2.653M -$2.623M
YoY Change 28.02% 24.56% -17.77%
Interest Expense $292.8K $106.0K
YoY Change 216.7% 28.42%
% of Operating Profit
Other Income/Expense, Net $69.44K -$203.0K
YoY Change -98.24% -5175.0%
Pretax Income -$2.344M -$2.584M
YoY Change 52.08% -242.33%
Income Tax $0.00 $0.00 $3.000K
% Of Pretax Income
Net Earnings -$2.344M -$2.584M -$2.829M
YoY Change 378.43% -242.34% -11.21%
Net Earnings / Revenue -87.02% -189.54% -177.14%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share -$2.861K $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 819.5M shares 812.3M shares
Diluted Shares Outstanding 812.3M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.681M $4.705M $7.180M
YoY Change -49.16% -37.76% -32.2%
Cash & Equivalents $4.705M $7.179M
Short-Term Investments
Other Short-Term Assets $897.8K $170.8K $950.0K
YoY Change -15.3% -34.3% 102.13%
Inventory $4.192M $4.486M $4.898M
Prepaid Expenses
Receivables $660.4K $1.016M $675.9K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.431M $10.38M $13.70M
YoY Change -36.1% -28.97% -25.57%
LONG-TERM ASSETS
Property, Plant & Equipment $8.755M $8.755M $8.994M
YoY Change -4.13% -5.55% -0.51%
Goodwill
YoY Change
Intangibles $7.713M $7.713M
YoY Change 20.16%
Long-Term Investments $81.62K $80.58K $80.00K
YoY Change 2.03% 61.16% 60.0%
Other Assets $396.1K $475.0K $473.5K
YoY Change 1.57% 21.79% 21.41%
Total Long-Term Assets $16.95M $16.94M $17.18M
YoY Change -2.13% -2.62% 8.04%
TOTAL ASSETS
Total Short-Term Assets $9.431M $10.38M $13.70M
Total Long-Term Assets $16.95M $16.94M $17.18M
Total Assets $26.38M $27.32M $30.88M
YoY Change -17.76% -14.65% -9.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.309M $1.141M $1.658M
YoY Change 59.89% 32.69% 57.95%
Accrued Expenses $3.031M $2.662M $1.789M
YoY Change 69.77% 98.69% 125.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $586.6K $547.6K $650.0K
YoY Change 17.31% 24.45% 32.65%
Total Short-Term Liabilities $6.940M $5.364M $5.115M
YoY Change 46.42% 46.97% 52.92%
LONG-TERM LIABILITIES
Long-Term Debt $3.399M $3.252M $3.330M
YoY Change 1.77% -2.06% 54.17%
Other Long-Term Liabilities $2.399M $44.30K $41.14K
YoY Change 5959.14% -99.11% 29.51%
Total Long-Term Liabilities $5.798M $6.283M $7.292M
YoY Change 14545.19% -24.03% 22853.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.940M $5.364M $5.115M
Total Long-Term Liabilities $5.798M $6.283M $7.292M
Total Liabilities $12.74M $11.65M $12.41M
YoY Change 4.58% -2.29% 267.45%
SHAREHOLDERS EQUITY
Retained Earnings -$146.8M -$142.5M
YoY Change
Common Stock $148.9M $147.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $306.8K $306.8K
YoY Change
Treasury Stock Shares 100.0K shares 100.0K shares
Shareholders Equity $13.64M $1.770M $4.572M
YoY Change
Total Liabilities & Shareholders Equity $26.38M $27.32M $30.88M
YoY Change -17.75% -14.65% -9.99%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q1
OPERATING ACTIVITIES
Net Income -$2.344M -$2.584M -$2.829M
YoY Change 378.43% -242.34% -11.21%
Depreciation, Depletion And Amortization $411.2K $313.4K $290.0K
YoY Change 44.02% 38.64% 38.1%
Cash From Operating Activities -$1.268M -$1.679M -$1.010M
YoY Change 164.17% -24.72% -75.18%
INVESTING ACTIVITIES
Capital Expenditures -$19.13K $180.0K $110.0K
YoY Change -123.91% -250.0% -137.93%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$19.13K $180.0K $100.0K
YoY Change -123.91% -250.0% -134.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 264.3K 567.5K 850.0K
YoY Change 230.34% 71.97% -49.4%
NET CHANGE
Cash From Operating Activities -1.268M -1.679M -1.010M
Cash From Investing Activities -19.13K 180.0K 100.0K
Cash From Financing Activities 264.3K 567.5K 850.0K
Net Change In Cash -1.023M -931.2K -60.00K
YoY Change 219.65% -53.9% -97.76%
FREE CASH FLOW
Cash From Operating Activities -$1.268M -$1.679M -$1.010M
Capital Expenditures -$19.13K $180.0K $110.0K
Free Cash Flow -$1.249M -$1.859M -$1.120M
YoY Change 123.02% -11.91% -70.37%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2018-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
ELITE PHARMACEUTICALS INC /NV/
dei Entity Central Index Key
EntityCentralIndexKey
0001053369
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Trading Symbol
TradingSymbol
ELTP
CY2018Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
819489751 shares
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Small Business
EntitySmallBusiness
false
us-gaap Revenues
Revenues
3530747 USD
us-gaap Revenues
Revenues
3326351 USD
us-gaap Cost Of Revenue
CostOfRevenue
2118950 USD
us-gaap Cost Of Revenue
CostOfRevenue
1630001 USD
us-gaap Gross Profit
GrossProfit
1411797 USD
us-gaap Gross Profit
GrossProfit
1696350 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3782094 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4108504 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1497749 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1453034 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
73094 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
170758 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
570226 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
335196 USD
us-gaap Operating Expenses
OperatingExpenses
5923163 USD
us-gaap Operating Expenses
OperatingExpenses
6067492 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4511366 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4371142 USD
us-gaap Interest Expense
InterestExpense
189140 USD
us-gaap Interest Expense
InterestExpense
153272 USD
eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
426371 USD
eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
4162436 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
2837 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
8401 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
240068 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4017565 USD
CY2018Q3 us-gaap Revenues
Revenues
1363049 USD
CY2017Q3 us-gaap Revenues
Revenues
1623581 USD
CY2018Q3 us-gaap Cost Of Revenue
CostOfRevenue
542551 USD
CY2017Q3 us-gaap Cost Of Revenue
CostOfRevenue
614941 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
820498 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
1008640 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2455466 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2286514 USD
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
614937 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
594073 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36545 USD
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
73397 USD
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
366522 USD
CY2017Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
184527 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
3473470 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
3138511 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2652972 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2129871 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
106002 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
82541 USD
CY2018Q3 eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
173860 USD
CY2017Q3 eltp Change In Fair Value Of Warrant Derivatives
ChangeInFairValueOfWarrantDerivatives
4023176 USD
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1582 USD
CY2017Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
4419 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
69440 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3945054 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1396284 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
20321 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
73094 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1396280 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
955691 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
181908 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
49957 USD
us-gaap Interest Paid Net
InterestPaidNet
24044 USD
us-gaap Interest Paid Net
InterestPaidNet
38215 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
375194 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
251504 USD
us-gaap Notes Issued1
NotesIssued1
0 USD
us-gaap Notes Issued1
NotesIssued1
1200000 USD
eltp Commitment Shares Issued
CommitmentSharesIssued
20321 USD
eltp Commitment Shares Issued
CommitmentSharesIssued
939318 USD
eltp Retirement Of Common Shares Pursuant To Issuance Of Series J Convertible Preferred Shares
RetirementOfCommonSharesPursuantToIssuanceOfSeriesJConvertiblePreferredShares
0 USD
eltp Retirement Of Common Shares Pursuant To Issuance Of Series J Convertible Preferred Shares
RetirementOfCommonSharesPursuantToIssuanceOfSeriesJConvertiblePreferredShares
20378631 USD
us-gaap Net Income Loss
NetIncomeLoss
-4271298 USD
us-gaap Net Income Loss
NetIncomeLoss
-353577 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
530652 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
412719 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-426371 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4162436 USD
eltp Accrued Compensation Non Cash
AccruedCompensationNonCash
1191339 USD
eltp Accrued Compensation Non Cash
AccruedCompensationNonCash
923500 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
73094 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
170758 USD
eltp Noncash Rent Expense And Lease Accretion
NoncashRentExpenseAndLeaseAccretion
3151 USD
eltp Noncash Rent Expense And Lease Accretion
NoncashRentExpenseAndLeaseAccretion
5205 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
339967 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
151219 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-412059 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-707134 USD
eltp Increase Decrease In Prepaid And Other Current Assets
IncreaseDecreaseInPrepaidAndOtherCurrentAssets
-779835 USD
eltp Increase Decrease In Prepaid And Other Current Assets
IncreaseDecreaseInPrepaidAndOtherCurrentAssets
-208223 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-834553 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-571135 USD
eltp Increase Decrease In Deferred Revenue And Customer Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerDeposits
-506666 USD
eltp Increase Decrease In Deferred Revenue And Customer Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerDeposits
-506667 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
0 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
386564 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
75274 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7570803 USD
CY2017Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10983774 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5099591 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7946651 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2471212 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3037123 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-388767 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-260432 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3388725 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3317495 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-461838 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
917513 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
742210 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
394402 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
391566 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
260 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
807677777 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
800772162 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
807677777 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
807141399 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.15
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.15
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
60000 USD
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
60000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6369237 shares
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17777881 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17402687 USD
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9022541 USD
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8408979 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8755340 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8993708 USD
CY2018Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6419091 USD
CY2018 eltp Intangible Assets Excluding Goodwill Acquired
IntangibleAssetsExcludingGoodwillAcquired
1293910 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
58720 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
40781 USD
CY2018Q3 us-gaap Deferred Revenue
DeferredRevenue
1758890 USD
CY2018Q1 us-gaap Deferred Revenue
DeferredRevenue
2265556 USD
CY2018Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1013333 USD
CY2018Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1013333 USD
CY2018Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
745557 USD
CY2018Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
1252223 USD
CY2017Q2 eltp Fair Value Inputs Preferred Stock Trials
FairValueInputsPreferredStockTrials
200000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50.000 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
24.0344 shares
CY2018Q3 eltp Convertible Preferred Stock Par Value Per Share
ConvertiblePreferredStockParValuePerShare
0.01
CY2018Q3 eltp Convertible Preferred Stock Stated Value
ConvertiblePreferredStockStatedValue
1000000 USD
CY2018Q3 eltp Preferred Stock Conversion Price Per Share
PreferredStockConversionPricePerShare
0.1521
CY2018Q3 eltp Common Shares To Be Issued Upon Conversion
CommonSharesToBeIssuedUponConversion
158017321 shares
CY2018Q1 eltp Warrants Outstanding
WarrantsOutstanding
79008661 shares
CY2017Q1 eltp Warrants Outstanding
WarrantsOutstanding
9379219 shares
eltp Warrants Granted During Period
WarrantsGrantedDuringPeriod
0 shares
CY2018 eltp Warrants Granted During Period
WarrantsGrantedDuringPeriod
79008661 shares
eltp Warrant Exercised Forfeitures And Expirations During Period
WarrantExercisedForfeituresAndExpirationsDuringPeriod
0 shares
CY2018 eltp Warrant Exercised Forfeitures And Expirations During Period
WarrantExercisedForfeituresAndExpirationsDuringPeriod
9379219 shares
CY2018Q3 eltp Warrants Outstanding
WarrantsOutstanding
79008661 shares
CY2018Q1 eltp Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
0.1521
CY2017Q1 eltp Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
0.0625
eltp Warrants Granted During Period Weighted Average Exercise Price
WarrantsGrantedDuringPeriodWeightedAverageExercisePrice
0
CY2018 eltp Warrants Granted During Period Weighted Average Exercise Price
WarrantsGrantedDuringPeriodWeightedAverageExercisePrice
0.1521
CY2018Q3 eltp Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
0.1521
eltp Warrant Exercised Forfeitures And Expiration Weighted Average Exercise Price
WarrantExercisedForfeituresAndExpirationWeightedAverageExercisePrice
0
CY2018 eltp Warrant Exercised Forfeitures And Expiration Weighted Average Exercise Price
WarrantExercisedForfeituresAndExpirationWeightedAverageExercisePrice
0.0625
CY2017Q2 eltp Warrant Expiration Period
WarrantExpirationPeriod
P10Y
CY2018Q1 eltp Derivative Liability Warrants
DerivativeLiabilityWarrants
2667871 USD
eltp Derivative Liability Warrants Change In Fair Value Of Warrant Liability
DerivativeLiabilityWarrantsChangeInFairValueOfWarrantLiability
426371 USD
CY2018Q3 eltp Derivative Liability Warrants
DerivativeLiabilityWarrants
2241500 USD
CY2018Q3 eltp Common Stock Traded Percent
CommonStockTradedPercent
0.3 pure
CY2018Q3 eltp Common Stock Weighted Average Price Percent
CommonStockWeightedAveragePricePercent
0.97 pure
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
902500 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6618000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
403000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6215000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5628334 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M12D
CY2018Q3 eltp Price Difference Between Exercise Price And Quoted Price
PriceDifferenceBetweenExercisePriceAndQuotedPrice
0.09
CY2018Q1 eltp Price Difference Between Exercise Price And Quoted Price
PriceDifferenceBetweenExercisePriceAndQuotedPrice
0.10
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.16
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.30
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4705189 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7179237 USD
CY2018Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1015846 USD
CY2018Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
675879 USD
CY2018Q3 us-gaap Liabilities
Liabilities
11647513 USD
CY2018Q1 us-gaap Liabilities
Liabilities
12407096 USD
CY2018Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
13903960 USD
CY2018Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
13903960 USD
CY2018Q3 us-gaap Common Stock Value
CommonStockValue
816965 USD
CY2018Q1 us-gaap Common Stock Value
CommonStockValue
802629 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
4485942 USD
CY2018Q1 us-gaap Inventory Net
InventoryNet
4898001 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
170806 USD
CY2018Q3 us-gaap Assets
Assets
27321101 USD
CY2018Q1 us-gaap Assets
Assets
30882608 USD
CY2018Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1141109 USD
CY2018Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1658137 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
949284 USD
CY2018Q3 us-gaap Assets Current
AssetsCurrent
10377783 USD
CY2018Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2662385 USD
CY2018Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1788571 USD
CY2018Q3 us-gaap Secured Debt Current
SecuredDebtCurrent
80822 USD
CY2018Q1 us-gaap Secured Debt Current
SecuredDebtCurrent
75822 USD
CY2018Q3 us-gaap Loans Payable Current
LoansPayableCurrent
466778 USD
CY2018Q1 us-gaap Loans Payable Current
LoansPayableCurrent
578841 USD
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
5364427 USD
CY2018Q1 us-gaap Liabilities Current
LiabilitiesCurrent
5114704 USD
CY2018Q3 us-gaap Secured Long Term Debt
SecuredLongTermDebt
1420224 USD
CY2018Q1 us-gaap Secured Long Term Debt
SecuredLongTermDebt
1508134 USD
CY2018Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1200000 USD
CY2018Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1200000 USD
CY2018Q3 us-gaap Long Term Loans Payable
LongTermLoansPayable
631510 USD
CY2018Q1 us-gaap Long Term Loans Payable
LongTermLoansPayable
623020 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
44295 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41144 USD
CY2018Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
6283086 USD
CY2018Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
7292392 USD
CY2018Q1 us-gaap Assets Current
AssetsCurrent
13702401 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7713001 USD
CY2018Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7713001 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
394402 USD
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
391566 USD
CY2018Q3 us-gaap Security Deposit
SecurityDeposit
80575 USD
CY2018Q1 us-gaap Security Deposit
SecurityDeposit
81932 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
474977 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
473498 USD
CY2018Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
148057540 USD
CY2018Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
146602502 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
306841 USD
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
306841 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-146798036 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-142526738 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
27321101 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
30882608 USD
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2018Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9022541 USD
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8408979 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2018Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
50 shares
CY2018Q3 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
24.0344 shares
CY2018Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
50 shares
CY2018Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
24.0344 shares
CY2018Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
24.0344 shares
CY2018Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
24.0344 shares
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
995000000 shares
CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
816962249 shares
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
816862249 shares
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
802626761 shares
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
802526761 shares
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
995000000 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
100000 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
100000 shares
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
4571552 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1769628 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
90000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
85000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;">Reclassifications</div></div></div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; text-indent: 0.5in; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; text-indent: 0.5in;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Certain reclassifications have been made to the prior period financial statements to conform to the current period financial statement presentation. These reclassifications had no effect on net earnings or cash flows as previously reported.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1815183 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4271298 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-353577 USD
CY2018Q3 eltp Effect Of Dilutive Instruments On Net Income
EffectOfDilutiveInstrumentsOnNetIncome
0 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2583532 USD
CY2017Q3 eltp Effect Of Dilutive Instruments On Net Income
EffectOfDilutiveInstrumentsOnNetIncome
4023176 USD
eltp Effect Of Dilutive Instruments On Net Income
EffectOfDilutiveInstrumentsOnNetIncome
0 USD
eltp Effect Of Dilutive Instruments On Net Income
EffectOfDilutiveInstrumentsOnNetIncome
4162436 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2583532 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2207993 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4271298 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4516013 USD
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
812256006 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
782424624 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6369237 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
812256006 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
788793861 shares
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Depreciation
Depreciation
613562 USD
us-gaap Depreciation
Depreciation
410630 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P0Y
CY2018Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
7713001 USD
eltp Intangible Assets Excluding Goodwill Acquired
IntangibleAssetsExcludingGoodwillAcquired
0 USD
CY2018 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P0Y
CY2017Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3544 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7090 USD
CY2018Q3 us-gaap Depreciation
Depreciation
313395 USD
CY2017Q3 us-gaap Depreciation
Depreciation
226044 USD
CY2018Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
27559 USD
CY2017Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
19022 USD
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 9. COMMITMENTS AND CONTINGENCIES</div></div></div><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: rgb(255, 255, 255); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Operating Leases &#8211; 135 Ludlow Ave.</div></div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: rgb(255, 255, 255); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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 135 Ludlow Ave. lease is for approximately 15,000 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 35,000 square feet of floor space in the building (&#8220;135 Ludlow Ave. modified lease&#8221;).</div></div><div style="background: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: rgb(255, 255, 255); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: rgb(255, 255, 255); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: rgb(255, 255, 255); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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 months ended September 30, 2018 and 2017 was $54,909, and $109,818 for the six months ended September 30, 2018 and 2017. Rent expense is recorded in general and administrative expense in the unaudited condensed consolidated statements of operations. Deferred rent as of September 30, 2018 and March 31, 2018 was $11,902 and $9,705, respectively and recorded as a component of other long-term liabilities.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: rgb(255, 255, 255); font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; margin-right: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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, </div><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Asset Retirement and Environmental Obligations &#8211; Asset Retirement Obligations</div></div><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">. 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, 2018, and March 31, 2018, the Company had a liability of $32,398 and $31,443, respectively and recorded as a component of other long-term liabilities.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
eltp Revenues Recognition Milestone Method Milestone
RevenuesRecognitionMilestoneMethodMilestone
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 &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.
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
90390 USD
CY2017Q3 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.28 pure
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
eltp Stock Issued During Period Value Additional Issues
StockIssuedDuringPeriodValueAdditionalIssues
20317 USD
CY2018Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
63107 USD
CY2018Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
229204 USD
CY2018Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
112285 USD
CY2018Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
297350 USD
CY2018Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
4310550 USD
CY2018Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
4371447 USD
CY2018Q3 us-gaap Inventory Gross
InventoryGross
4485942 USD
CY2018Q1 us-gaap Inventory Gross
InventoryGross
4898001 USD

Files In Submission

Name View Source Status
0001144204-18-058784-index-headers.html Edgar Link pending
0001144204-18-058784-index.html Edgar Link pending
0001144204-18-058784.txt Edgar Link pending
0001144204-18-058784-xbrl.zip Edgar Link pending
eltp-20180930.xml Edgar Link completed
eltp-20180930.xsd Edgar Link pending
eltp-20180930_cal.xml Edgar Link unprocessable
eltp-20180930_def.xml Edgar Link unprocessable
eltp-20180930_lab.xml Edgar Link unprocessable
eltp-20180930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tv506444_10q.htm Edgar Link pending
tv506444_ex31-1.htm Edgar Link pending
tv506444_ex31-2.htm Edgar Link pending
tv506444_ex32-1.htm Edgar Link pending
tv506444_ex32-2.htm Edgar Link pending