2019 Q2 Form 10-Q Financial Statement
#000156459019018839 Filed on May 13, 2019
Income Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.190M | $2.590M | |
YoY Change | |||
% of Gross Profit | |||
Research & Development | $4.250M | $3.759M | $663.0K |
YoY Change | 687.04% | 466.97% | |
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $10.00K | |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $6.439M | $6.348M | $1.037M |
YoY Change | 472.36% | 512.15% | -1643.27% |
Operating Profit | -$6.439M | -$6.348M | -$1.037M |
YoY Change | 472.36% | 512.15% | |
Interest Expense | $380.0K | $400.0K | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $370.0K | $398.0K | -$540.0K |
YoY Change | -157.81% | -173.7% | |
Pretax Income | -$6.070M | -$5.950M | |
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$6.069M | -$5.950M | -$1.577M |
YoY Change | 243.85% | 277.3% | 2246.9% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$349.3K | -$342.3K | |
COMMON SHARES | |||
Basic Shares Outstanding | 17.38M | 17.38M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $56.94M | $61.61M | |
YoY Change | 762.79% | ||
Cash & Equivalents | $22.66M | $21.39M | $6.209M |
Short-Term Investments | $34.28M | $40.21M | |
Other Short-Term Assets | $900.0K | $1.000M | |
YoY Change | 800.0% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $57.80M | $62.63M | |
YoY Change | 762.63% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $77.00K | $83.00K | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $15.00K | $15.00K | |
YoY Change | |||
Total Long-Term Assets | $92.00K | $98.00K | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $57.80M | $62.63M | |
Total Long-Term Assets | $92.00K | $98.00K | |
Total Assets | $57.89M | $62.73M | |
YoY Change | 764.0% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.974M | $1.588M | |
YoY Change | 558.0% | ||
Accrued Expenses | $1.688M | $1.464M | |
YoY Change | 181.33% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.662M | $3.052M | |
YoY Change | 306.89% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $200.0K | $200.0K | |
YoY Change | -77.78% | ||
Total Long-Term Liabilities | $163.0K | $181.0K | |
YoY Change | -98.57% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.662M | $3.052M | |
Total Long-Term Liabilities | $163.0K | $181.0K | |
Total Liabilities | $3.825M | $3.233M | |
YoY Change | -68.9% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$27.53M | -$21.46M | |
YoY Change | |||
Common Stock | $81.51M | $80.91M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $54.06M | $59.49M | -$3.829M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $57.89M | $62.73M | |
YoY Change | 764.0% |
Cashflow Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.069M | -$5.950M | -$1.577M |
YoY Change | 243.85% | 277.3% | 2246.9% |
Depreciation, Depletion And Amortization | $0.00 | $10.00K | |
YoY Change | |||
Cash From Operating Activities | -$4.760M | -$4.464M | -$889.0K |
YoY Change | 131.07% | 402.14% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$50.00K | $11.00K | $5.000K |
YoY Change | 150.0% | 120.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $6.090M | -$2.640M | |
YoY Change | |||
Cash From Investing Activities | $6.040M | -$2.651M | -$5.000K |
YoY Change | -30300.0% | 52920.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | ||
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -4.760M | -4.464M | -889.0K |
Cash From Investing Activities | 6.040M | -2.651M | -5.000K |
Cash From Financing Activities | 0.000 | ||
Net Change In Cash | 1.280M | -7.115M | -894.0K |
YoY Change | -366.67% | 695.86% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.760M | -$4.464M | -$889.0K |
Capital Expenditures | -$50.00K | $11.00K | $5.000K |
Free Cash Flow | -$4.710M | -$4.475M | -$894.0K |
YoY Change | 130.88% | 400.56% |
Facts In Submission
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Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
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Available For Sale Securities Debt Securities Current
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Prepaid Expense And Other Assets Current
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Assets Current
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Property Plant And Equipment Net
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Accrued Liabilities Current
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3052000 | |
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Commitments And Contingencies
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Liabilities And Stockholders Equity
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62727000 | |
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Common Stock Par Or Stated Value Per Share
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|
0.0001 | |
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Common Stock Shares Authorized
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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Research And Development Expense
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General And Administrative Expense
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Operating Income Loss
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Interest Expense Debt
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Investment Income Interest
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Investment Income Interest
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Entity Small Business
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Entity Emerging Growth Company
EntityEmergingGrowthCompany
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Entity Ex Transition Period
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Entity Common Stock Shares Outstanding
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Liabilities And Stockholders Equity
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.0001 | |
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Common Stock Shares Authorized
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Common Stock Shares Issued
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Research And Development Expense
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Increase Decrease In Accounts Payable
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Net Cash Provided By Used In Operating Activities
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Payments To Acquire Property Plant And Equipment
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Profit Loss
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Profit Loss
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Nonoperating Income Expense
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Comprehensive Income Net Of Tax
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Comprehensive Income Net Of Tax
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Earnings Per Share Basic And Diluted
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|
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Capital Expenditures Incurred But Not Yet Paid
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Capital Expenditures Incurred But Not Yet Paid
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6000 | |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Investments Fair Value Disclosure
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Investments Fair Value Disclosure
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Use Of Estimates
UseOfEstimates
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<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the Company’s condensed consolidated financial statements requires the Company to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in the condensed consolidated financial statements and accompanying notes. Significant estimates in the Company’s condensed consolidated financial statements relate to clinical trial accruals and the valuation of equity awards. Management evaluates its estimates on an ongoing basis. Although estimates are based on the Company’s historical experience, knowledge of current events, and actions it may undertake in the future, actual results may ultimately materially differ from these estimates and assumptions. </p> | |
CY2019Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2017-03-16 | |
CY2019Q1 | dei |
Entity Incorporation State Country Name
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Delaware | |
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Cash Cash Equivalents And Short Term Investments
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Share Price
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|
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Available For Sale Debt Securities Amortized Cost Basis
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40164000 | |
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1000 | |
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Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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50000 | |
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Available For Sale Debt Securities Amortized Cost Basis
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5000 | |
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Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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0 | |
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CY2019Q1 | eq |
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|
131000 | |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
96000 | |
CY2019Q1 | eq |
Accrued Preclinical Studies
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Accrued Preclinical Studies
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8000 | |
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Proceeds From Sale Of Available For Sale Securities Equity
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Preferred Stock Shares Authorized
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|
10000000 | |
CY2019Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
3169450 | |
CY2018Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
2126877 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0256 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.9301 | |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y11M1D | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 |