2019 Q3 Form 10-Q Financial Statement
#000157056219000131 Filed on August 12, 2019
Income Statement
Concept | 2019 Q3 | 2019 Q2 | 2018 Q2 |
---|---|---|---|
Revenue | $13.17M | $2.311M | $0.00 |
YoY Change | |||
Cost Of Revenue | $3.718M | $660.0K | $0.00 |
YoY Change | |||
Gross Profit | $9.449M | $1.651M | $0.00 |
YoY Change | |||
Gross Profit Margin | 71.76% | 71.44% | |
Selling, General & Admin | $30.90M | $34.89M | $6.248M |
YoY Change | 328.59% | 458.45% | 681.0% |
% of Gross Profit | 326.99% | 2113.39% | |
Research & Development | $693.0K | $509.0K | $1.648M |
YoY Change | -64.95% | -69.11% | 20.73% |
% of Gross Profit | 7.33% | 30.83% | |
Depreciation & Amortization | $1.202M | $978.0K | $0.00 |
YoY Change | 39966.67% | -100.0% | |
% of Gross Profit | 12.72% | 59.24% | |
Operating Expenses | $34.59M | $37.65M | $16.10M |
YoY Change | 201.04% | 133.84% | 607.69% |
Operating Profit | -$25.14M | -$36.00M | -$16.10M |
YoY Change | 118.8% | 123.58% | 607.69% |
Interest Expense | -$2.000M | -$1.800M | -$320.0K |
YoY Change | 525.0% | 462.5% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.455M | -$2.412M | -$321.0K |
YoY Change | 662.42% | 651.4% | 32000.0% |
Pretax Income | -$27.13M | -$37.79M | -$16.42M |
YoY Change | 129.73% | 130.16% | 621.49% |
Income Tax | -$149.0K | -$227.0K | $12.00K |
% Of Pretax Income | |||
Net Earnings | -$26.98M | -$37.57M | -$16.43M |
YoY Change | 128.1% | 128.61% | 615.72% |
Net Earnings / Revenue | -204.94% | -1625.57% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$982.2K | -$1.371M | -$693.5K |
COMMON SHARES | |||
Basic Shares Outstanding | 27.42M shares | 27.33M shares | 23.64M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q3 | 2019 Q2 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $74.03M | $99.93M | $43.60M |
YoY Change | -29.63% | 129.19% | |
Cash & Equivalents | $39.12M | $30.29M | $43.60M |
Short-Term Investments | $34.91M | $69.64M | |
Other Short-Term Assets | $3.900M | $3.000M | $1.000M |
YoY Change | 333.33% | 200.0% | 900.0% |
Inventory | $10.04M | $11.52M | |
Prepaid Expenses | |||
Receivables | $7.206M | $1.410M | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $95.18M | $115.8M | $44.62M |
YoY Change | -10.28% | 159.57% | 44523.0% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $984.0K | $290.0K | $5.000K |
YoY Change | 98300.0% | 5700.0% | |
Goodwill | $21.21M | $21.21M | $21.21M |
YoY Change | 0.0% | 0.0% | |
Intangibles | $59.86M | $59.21M | $56.08M |
YoY Change | 6.74% | 5.59% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.195M | $1.206M | $22.00K |
YoY Change | 5381.82% | -89.0% | |
Total Long-Term Assets | $87.48M | $86.96M | $77.31M |
YoY Change | 13.19% | 12.47% | -47.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $95.18M | $115.8M | $44.62M |
Total Long-Term Assets | $87.48M | $86.96M | $77.31M |
Total Assets | $182.7M | $202.8M | $121.9M |
YoY Change | -0.39% | 66.3% | -16.54% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.125M | $7.708M | $751.0K |
YoY Change | 826.63% | 926.36% | 50.2% |
Accrued Expenses | $14.38M | $15.40M | $2.933M |
YoY Change | 199.6% | 425.06% | 877.67% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $25.97M | $23.11M | $3.684M |
YoY Change | 375.71% | 527.17% | -94.69% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $73.18M | $72.86M | $16.50M |
YoY Change | 335.6% | 341.59% | -86.52% |
Other Long-Term Liabilities | $48.60M | $47.90M | $48.80M |
YoY Change | -4.89% | -1.84% | |
Total Long-Term Liabilities | $73.18M | $72.86M | $65.30M |
YoY Change | 7.78% | 11.58% | -46.65% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $25.97M | $23.11M | $3.684M |
Total Long-Term Liabilities | $73.18M | $72.86M | $65.30M |
Total Liabilities | $165.6M | $161.6M | $84.00M |
YoY Change | 87.33% | 92.38% | -60.58% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$198.6M | -$171.6M | -$98.75M |
YoY Change | 79.55% | 73.73% | |
Common Stock | $1.000K | $1.000K | $1.000K |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $17.04M | $41.18M | $37.93M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $182.7M | $202.8M | $121.9M |
YoY Change | -0.39% | 66.3% | -16.54% |
Cashflow Statement
Concept | 2019 Q3 | 2019 Q2 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$26.98M | -$37.57M | -$16.43M |
YoY Change | 128.1% | 128.61% | 615.72% |
Depreciation, Depletion And Amortization | $1.202M | $978.0K | $0.00 |
YoY Change | 39966.67% | -100.0% | |
Cash From Operating Activities | -$25.10M | -$33.16M | -$5.660M |
YoY Change | 332.76% | 485.87% | 76.32% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$640.0K | -$1.970M | -$10.00K |
YoY Change | 19600.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $35.03M | $10.19M | |
YoY Change | |||
Cash From Investing Activities | $34.39M | $8.230M | -$10.00K |
YoY Change | -82400.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -460.0K | 850.0K | -310.0K |
YoY Change | -100.68% | -374.19% | -109.63% |
NET CHANGE | |||
Cash From Operating Activities | -25.10M | -33.16M | -5.660M |
Cash From Investing Activities | 34.39M | 8.230M | -10.00K |
Cash From Financing Activities | -460.0K | 850.0K | -310.0K |
Net Change In Cash | 8.830M | -24.08M | -5.980M |
YoY Change | -85.66% | 302.68% | -59900.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$25.10M | -$33.16M | -$5.660M |
Capital Expenditures | -$640.0K | -$1.970M | -$10.00K |
Free Cash Flow | -$24.46M | -$31.19M | -$5.650M |
YoY Change | 321.72% | 452.04% | 76.01% |
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CY2019Q2 | us-gaap |
Assets
Assets
|
202781000 | USD |
CY2018Q4 | us-gaap |
Assets Current
AssetsCurrent
|
94339000 | USD |
CY2019Q2 | us-gaap |
Assets Current
AssetsCurrent
|
115826000 | USD |
CY2018Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
0 | USD |
CY2019Q2 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
69640000 | USD |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
9100000 | USD | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
6182000 | USD | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | USD | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
55000 | USD | |
CY2019Q2 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
1300000 | USD |
us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
2500000 | USD | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
93162000 | USD |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
30289000 | USD |
CY2019Q2 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
99900000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD |
CY2018Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43585000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
93162000 | USD |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30289000 | USD |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
43585000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-62873000 | USD | |
CY2018Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2019Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2019Q2 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1044840 | shares |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2019Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2019Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
27274991 | shares |
CY2019Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
27393004 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
27274991 | shares |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-9000 | USD |
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-37515000 | USD |
CY2019Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
27393004 | shares |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1000 | USD |
CY2019Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
1000 | USD |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-16433000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-22595000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-48499000 | USD | |
CY2018Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
50200000 | USD |
CY2019Q2 | us-gaap |
Contractual Obligation
ContractualObligation
|
43773000 | USD |
CY2018Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
39700000 | USD |
CY2018Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
0 | USD |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
0 | USD | |
CY2019Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
660000 | USD |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
660000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
22000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-14750000 | USD | |
CY2018Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
15055000 | USD |
CY2019Q2 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
305000 | USD |
CY2018Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4000 | USD | |
CY2019Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
978000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1462000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
4000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1462000 | USD | |
CY2018Q1 | us-gaap |
Dividends
Dividends
|
2002000 | USD |
CY2018Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.69 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.03 | ||
CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.37 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.77 | ||
CY2018Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2577000 | USD |
CY2019Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3365000 | USD |
CY2017Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
39700000 | USD |
CY2018Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
40600000 | USD |
CY2018Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
48800000 | USD |
CY2018Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
50200000 | USD |
CY2019Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
45900000 | USD |
CY2019Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
47169000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1407000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
43798000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
2092000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
2904000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
2904000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
3330000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
4183000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
60618000 | USD |
CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
59211000 | USD |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
21208000 | USD |
CY2019Q2 | us-gaap |
Goodwill
Goodwill
|
21208000 | USD |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD | |
CY2019Q2 | us-gaap |
Gross Profit
GrossProfit
|
1651000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
1651000 | USD | |
CY2018Q2 | us-gaap |
Gross Profit
GrossProfit
|
0 | USD |
us-gaap |
Gross Profit
GrossProfit
|
0 | USD | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-16421000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-22573000 | USD | |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-37794000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-63292000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
12000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
22000 | USD | |
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-227000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-14750000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2405000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
13347000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
11522000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
854000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1997000 | USD | |
CY2018Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
56076000 | USD |
CY2019Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
59211000 | USD |
CY2018Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
77284000 | USD |
CY2019Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
80419000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1544000 | USD | |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
0 | USD |
CY2019Q2 | us-gaap |
Inventory Net
InventoryNet
|
11522000 | USD |
CY2018Q2 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
0 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
0 | USD | |
CY2019Q2 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
615000 | USD |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
1004000 | USD | |
CY2019Q2 | us-gaap |
Lease Cost
LeaseCost
|
327000 | USD |
us-gaap |
Lease Cost
LeaseCost
|
611000 | USD | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
6754000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
1444000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1275000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1221000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1168000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1167000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
479000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1576000 | USD |
CY2019Q2 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
P60M | |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
87460000 | USD |
CY2019Q2 | us-gaap |
Liabilities
Liabilities
|
161600000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
171844000 | USD |
CY2019Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
202781000 | USD |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5276000 | USD |
CY2019Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
23105000 | USD |
CY2019Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
79125000 | USD |
CY2019Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
13908000 | USD |
CY2019Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
39130000 | USD |
CY2018Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
16904000 | USD |
CY2019Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
17408000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
51459000 | USD | |
CY2018Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
16000000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
61283000 | USD | |
CY2019Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
26087000 | USD |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-71798000 | USD | |
CY2018Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
0 | USD |
CY2019Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
72862000 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7865000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7900000 | USD | |
CY2018Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
0 | USD |
CY2019Q2 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
0 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-52358000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-52400000 | USD | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6162000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16433000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16400000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22595000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22600000 | USD | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10975000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37567000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-37600000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-48500000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-48542000 | USD | |
us-gaap |
Number Of Reporting Units
NumberOfReportingUnits
|
1 | unit | |
CY2018Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
16100000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
22145000 | USD | |
CY2019Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
37648000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
62917000 | USD | |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-16100000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-22145000 | USD | |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-35997000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-61266000 | USD | |
CY2019Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
267000 | USD |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
501000 | USD | |
us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
100000 | USD | |
CY2019Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5178000 | USD |
CY2018Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
0 | USD |
CY2019Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1031000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
916000 | USD |
CY2018Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
0 | USD |
CY2019Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
4147000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
138000 | USD |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
0 | USD | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
468000 | USD | |
CY2018Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
0 | USD |
CY2019Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
5040000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1029000 | USD |
CY2019Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.094 | |
CY2019Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y188D | |
CY2018Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
221000 | USD |
CY2019Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1206000 | USD |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
52000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
52000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
43000 | USD | |
CY2018Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-321000 | USD |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
94011000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9000 | USD | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-428000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
346000 | USD | |
CY2019Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2412000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-3030000 | USD | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
0 | USD | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
2441000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2205000 | USD | |
CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2019Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2019Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2019Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2019Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2019Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1177000 | USD |
CY2019Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2965000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
56330000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
73906000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
0 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
25000000 | USD | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1127000 | USD | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | USD | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
0 | USD |
CY2019Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
290000 | USD |
CY2019Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
9700000 | USD |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
5000000 | USD | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | USD | |
CY2018Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1648000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3326000 | USD | |
CY2019Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
509000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2862000 | USD | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-123025000 | USD |
CY2019Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-171600000 | USD |
CY2019Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-171567000 | USD |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
0 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
0 | USD | |
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2311000 | USD |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
5566000 | USD | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2311000 | USD | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | USD | |
CY2018Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
6248000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
9715000 | USD | |
CY2019Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
34892000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
52411000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3630000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4455000 | USD | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
4361291 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1086585 | shares | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
|
0.04 | |
CY2018Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
3257801 | shares |
CY2019Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
3256348 | shares |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
|
217672 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
8.24 | ||
CY2018Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
7.32 | |
CY2019Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
8.70 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P10Y | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
870366 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
6.80 | ||
CY2019Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
28000 | USD |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
49000 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-75543000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
51982000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37934000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
84384000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
75357000 | USD |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
41181000 | USD |
CY2018 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
34500000 | USD |
CY2019Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
32000 | USD |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
61000 | USD | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
23687866 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21961576 | shares | |
CY2019Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
27408774 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
27369691 | shares | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;">Risk and Uncertainties</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The Company received regulatory approval from the FDA and Health Canada to commercialize Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">. The Company commercially launched Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> in the United States in May 2019 and, as such, has a limited history of sales. Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> also requires regulatory approval from the European Medicines Agency (“EMA”) and other similar regulatory authorities prior to commercial sales in the related jurisdictions. If any previously granted approval is retracted or the Company is denied approval or approval is delayed by any other regulators, it may have a material adverse impact on the Company’s business and its financial statements.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The Company is subject to risks common to early stage companies in the pharmaceutical industry including, but not limited to, dependency on the clinical and commercial success of Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and any future product candidates, ability to obtain and maintain regulatory approval of Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> and any future product candidates in the jurisdictions where approval is sought, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and patients, significant competition and untested manufacturing capabilities.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">In 2013, Evolus and Daewoong Pharmaceuticals Co., Ltd. (“Daewoong”) entered into an agreement (the “Daewoong Agreement”), pursuant to which, the Company has an exclusive distribution license to Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> from Daewoong for aesthetic indications in the United States, European Union, Canada, Australia, Russia, Commonwealth of Independent States, and South Africa, as well as co-exclusive distribution rights with Daewoong in Japan. Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> is manufactured by Daewoong in a facility in South Korea. The Company also has the option to negotiate first with Daewoong to secure a distribution license for any product that Daewoong directly or indirectly develops or commercializes that is classified as an injectable botulinum toxin (other than Jeuveau®) in a territory covered by the Daewoong Agreement. The Company relies on Daewoong, its exclusive and sole supplier, to manufacture Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">. Any termination or loss of significant rights, including exclusivity, under the Daewoong Agreement would materially and adversely affect the Company’s commercialization of Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">. The Daewoong Agreement, and Daewoong’s rights relating to Jeuveau</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">®</sup></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">, are subject to litigation. See </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Note 8</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">. </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;">Commitments and Contingencies</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;"> for additional information regarding such litigation.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:13px;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#231f20;font-style:normal;font-weight:normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes. Actual results could materially differ from those estimates, judgments, and assumptions. Management considers many factors in selecting appropriate financial accounting policies and controls and in developing the estimates and assumptions that are used in the preparation of these financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including expected business and operational changes, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process often may yield a range of potentially reasonable estimates of the ultimate future outcomes, and management must select an amount that falls within that range of reasonable estimates</font><font style="font-family:Times New Roman;font-size:10pt;color:#231f20;font-style:italic;font-weight:bold;">.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">On an ongoing basis, the Company evaluates the most significant estimates, including those related to net revenue, allowance for doubtful accounts, the fair values of financial instruments, intangible assets and goodwill, useful lives of intangible assets, inventory valuation, lease liabilities, and royalty obligations, among others. Although the Company bases these estimates on historical experience, knowledge of current events and actions it may undertake in the future, and on various other assumptions that are believed to be reasonable, this process may result in actual results differing materially from those estimated amounts used in the preparation of the financial statements.</font></div></div> |