2018 Q4 Form 10-Q Financial Statement
#000114420418058784 Filed on November 09, 2018
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
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---|---|---|---|---|
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10-Q | ||
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2018-09-30 | ||
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Entity Registrant Name
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ELITE PHARMACEUTICALS INC /NV/ | ||
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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|
260 | shares | |
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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 "times new roman", 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: "times new roman", 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 "times new roman", 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: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", 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: "times new roman", 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: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: "times new roman", 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: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: "times new roman", 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: "times new roman", 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’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: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="background: rgb(255, 255, 255); font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: "times new roman", 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 – 135 Ludlow Ave.</div></div></div></div><div style="background: none; font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="background: rgb(255, 255, 255); font-family: "times new roman", 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: "times new roman", 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 “135 Ludlow Ave. lease”). 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 (“135 Ludlow Ave. modified lease”).</div></div><div style="background: none; font-family: "times new roman", 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: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="background: rgb(255, 255, 255); font-family: "times new roman", 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: "times new roman", 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: "times new roman", 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: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="background: rgb(255, 255, 255); font-family: "times new roman", 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: "times new roman", 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: "times new roman", 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: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="background: rgb(255, 255, 255); font-family: "times new roman", 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: "times new roman", 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: "times new roman", 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: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="background: rgb(255, 255, 255); font-family: "times new roman", 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: "times new roman", 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: "times new roman", 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 – Asset Retirement Obligations</div></div><div style="font-family: "times new roman", 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 & 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 |