2019 Q2 Form 10-Q Financial Statement

#000168875719000047 Filed on August 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $21.68M $13.71M
YoY Change 58.17% 58.85%
Cost Of Revenue $8.672M $5.492M
YoY Change 57.9% 22.04%
Gross Profit $13.01M $8.217M
YoY Change 58.35% 98.96%
Gross Profit Margin 60.01% 59.94%
Selling, General & Admin $18.39M $10.83M
YoY Change 69.86% 33.2%
% of Gross Profit 141.36% 131.79%
Research & Development $4.001M $3.705M
YoY Change 7.99% 150.34%
% of Gross Profit 30.75% 45.09%
Depreciation & Amortization $21.00K $24.00K
YoY Change -12.5% -95.64%
% of Gross Profit 0.16% 0.29%
Operating Expenses $22.40M $14.53M
YoY Change 54.09% 51.4%
Operating Profit -$9.383M -$6.317M
YoY Change 48.54% 15.48%
Interest Expense $2.521M $2.173M
YoY Change 16.01% -144.17%
% of Operating Profit
Other Income/Expense, Net $118.0K -$2.159M
YoY Change -105.47% 2059.0%
Pretax Income -$9.005M -$5.208M
YoY Change 72.91% -56.92%
Income Tax $35.00K $152.0K
% Of Pretax Income
Net Earnings -$9.040M -$5.360M
YoY Change 68.66% -55.67%
Net Earnings / Revenue -41.69% -39.1%
Basic Earnings Per Share
Diluted Earnings Per Share -$442.1K -$261.8K
COMMON SHARES
Basic Shares Outstanding 20.41M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.90M $11.60M
YoY Change 175.0%
Cash & Equivalents $31.87M $11.64M
Short-Term Investments
Other Short-Term Assets $4.500M $4.300M
YoY Change 4.65%
Inventory $26.54M $13.20M
Prepaid Expenses
Receivables $21.31M $16.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $84.18M $45.30M
YoY Change 85.82%
LONG-TERM ASSETS
Property, Plant & Equipment $16.71M $13.20M
YoY Change 26.58%
Goodwill $465.0K
YoY Change
Intangibles $3.081M
YoY Change
Long-Term Investments
YoY Change
Other Assets $370.0K $1.100M
YoY Change -66.36%
Total Long-Term Assets $20.62M $18.00M
YoY Change 14.58%
TOTAL ASSETS
Total Short-Term Assets $84.18M $45.30M
Total Long-Term Assets $20.62M $18.00M
Total Assets $104.8M $63.30M
YoY Change 65.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.531M $7.500M
YoY Change 13.75%
Accrued Expenses $8.718M $5.400M
YoY Change 61.44%
Deferred Revenue $751.0K
YoY Change
Short-Term Debt $0.00 $4.200M
YoY Change -100.0%
Long-Term Debt Due $400.0K $300.0K
YoY Change 33.33%
Total Short-Term Liabilities $21.39M $18.80M
YoY Change 13.76%
LONG-TERM LIABILITIES
Long-Term Debt $24.10M $20.70M
YoY Change 16.43%
Other Long-Term Liabilities $3.415M $21.50M
YoY Change -84.12%
Total Long-Term Liabilities $3.415M $42.20M
YoY Change -91.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.39M $18.80M
Total Long-Term Liabilities $3.415M $42.20M
Total Liabilities $51.01M $61.00M
YoY Change -16.37%
SHAREHOLDERS EQUITY
Retained Earnings -$108.8M
YoY Change
Common Stock $146.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.854M
YoY Change
Treasury Stock Shares 408.1K shares
Shareholders Equity $53.79M $2.371M
YoY Change
Total Liabilities & Shareholders Equity $104.8M $63.30M
YoY Change 65.56%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$9.040M -$5.360M
YoY Change 68.66% -55.67%
Depreciation, Depletion And Amortization $21.00K $24.00K
YoY Change -12.5% -95.64%
Cash From Operating Activities -$7.060M -$8.980M
YoY Change -21.38% 9.51%
INVESTING ACTIVITIES
Capital Expenditures -$4.210M -$320.0K
YoY Change 1215.63% 68.42%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$4.210M -$320.0K
YoY Change 1215.63% 68.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00K 14.32M
YoY Change -100.14% 1545.98%
NET CHANGE
Cash From Operating Activities -7.060M -8.980M
Cash From Investing Activities -4.210M -320.0K
Cash From Financing Activities -20.00K 14.32M
Net Change In Cash -11.29M 5.020M
YoY Change -324.9% -166.76%
FREE CASH FLOW
Cash From Operating Activities -$7.060M -$8.980M
Capital Expenditures -$4.210M -$320.0K
Free Cash Flow -$2.850M -$8.660M
YoY Change -67.09% 8.11%

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FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
109000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
345000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
674000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
714000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
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2790000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1900000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
0 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-67000 USD
CY2018Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
5830000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
4525000 USD
CY2019Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
2640000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
2608000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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-24000 USD
CY2018Q4 us-gaap Goodwill
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465000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
465000 USD
us-gaap Goodwill Acquired During Period
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0 USD
CY2018 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Goodwill Impairment Loss
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0 USD
CY2018Q2 us-gaap Gross Profit
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us-gaap Gross Profit
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16132000 USD
CY2019Q2 us-gaap Gross Profit
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13012000 USD
us-gaap Gross Profit
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24264000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-5208000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11728000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-9005000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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24.39
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-19740000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
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152000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
79000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
89000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
146000 USD
us-gaap Increase Decrease In Accounts Payable
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-487000 USD
us-gaap Increase Decrease In Accounts Payable
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2413000 USD
us-gaap Increase Decrease In Accounts Receivable
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3660000 USD
us-gaap Increase Decrease In Accrued Liabilities
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2694000 USD
us-gaap Increase Decrease In Accrued Liabilities
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2709000 USD
us-gaap Increase Decrease In Inventories
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1007000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
725000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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799000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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56000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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273000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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407000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1417000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
234000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
291000 USD
CY2019Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
291000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4658000 USD
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4675000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
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3445000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3081000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
2173000 USD
us-gaap Interest Expense
InterestExpense
4344000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
2521000 USD
us-gaap Interest Expense
InterestExpense
4763000 USD
us-gaap Interest Paid Net
InterestPaidNet
2630000 USD
us-gaap Interest Paid Net
InterestPaidNet
2724000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
20252000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22136000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
24845000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
26540000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3349000 USD
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3189000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
200000 USD
CY2019Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
400000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1244000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1215000 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Inventory Write Down
InventoryWriteDown
-22000 USD
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
0 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
4000 USD
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
10000 USD
CY2018Q2 us-gaap Lease And Rental Expense
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300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-732000 USD
us-gaap Proceeds From Stock Options Exercised
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436000 USD
CY2019Q2 us-gaap Lease And Rental Expense
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400000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
CY2018Q4 us-gaap Liabilities
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47088000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
500000 USD
CY2018Q4 us-gaap Liabilities Current
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16447000 USD
CY2019Q2 us-gaap Liabilities Current
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21386000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-5666000 USD
CY2019Q2 us-gaap Liabilities
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51014000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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116573000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
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104801000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-87000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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16304000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-42000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14910000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-15061000 USD
CY2018Q1 us-gaap Net Income Loss
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-6530000 USD
CY2018Q2 us-gaap Net Income Loss
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-5360000 USD
us-gaap Net Income Loss
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-11890000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-10779000 USD
CY2019Q2 us-gaap Net Income Loss
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-9040000 USD
us-gaap Net Income Loss
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-19819000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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1257000 USD
us-gaap Number Of Reportable Segments
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1 segment
us-gaap Number Of Reporting Units
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1 reportingunit
CY2018Q2 us-gaap Operating Expenses
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14534000 USD
us-gaap Operating Expenses
OperatingExpenses
25329000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
22395000 USD
us-gaap Operating Expenses
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42035000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6317000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-9197000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-9383000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-17771000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3606000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
361000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
354000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
400000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
538000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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1645000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
308000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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30000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current
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856000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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315000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
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370000 USD
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-6000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
529000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
523000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
67000 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-154000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-87000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
529000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
523000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Proceeds From Stock Options Exercised
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176000 USD
CY2018Q4 us-gaap Other Liabilities Current
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4083000 USD
CY2019Q2 us-gaap Other Liabilities Current
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4137000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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3551000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
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3415000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
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CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
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568000 USD
CY2019Q2 us-gaap Other Sundry Liabilities Noncurrent
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459000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
118000 USD
CY2017Q3 us-gaap Payments For Repurchase Of Warrants
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4700000 USD
us-gaap Payments Of Stock Issuance Costs
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81000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
91000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4303000 USD
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4455000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16102000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
58000 USD
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
148000 USD
CY2019Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
236000 USD
us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
P50Y
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18143000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22945000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12913000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16708000 USD
us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
153000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
185000 USD
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3705000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5852000 USD
CY2019Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4001000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7585000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-88975000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-108794000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13709000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28525000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21684000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
42462000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10829000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19477000 USD
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18394000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
34450000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
445000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
13.11
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
20296 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
439000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.57
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23778000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
15724000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1486363 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1876837 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.43
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.52
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
9200000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
549795 shares
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y8M27D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y6M
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
5.32
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
28230 shares
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1610000 USD
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14492000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
337000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1894000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
436000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
743000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1470000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1836000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
84000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
92000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
2371000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
69485000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
61030000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
53787000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
479000 USD
CY2019Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
0 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
408070 shares
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
408070 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2854000 USD
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2854000 USD
us-gaap Unrealized Gain Loss On Derivatives
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4525000 USD
us-gaap Unrealized Gain Loss On Derivatives
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2608000 USD
CY2018Q4 us-gaap Warrants And Rights Outstanding
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2300000 USD
CY2019Q2 us-gaap Warrants And Rights Outstanding
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2300000 USD
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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15351899 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14981070 shares
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20448643 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20407912 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:4px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk and Other Risks and Uncertainties</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and accounts receivable. The majority of the Company&#8217;s cash is held at one financial institution in the United States. The Company has not experienced any losses to its deposits of cash.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">All of the Company&#8217;s revenue has been derived from sales of its products in international markets, principally Europe, the Middle East, Latin America, and Asia. In the international markets in which the Company participates, the Company uses a combination of distributors and makes direct sales to customers. The Company performs ongoing credit evaluations of its distributors and customers, does not require collateral, and maintains allowances for potential credit losses on customer accounts when deemed necessary.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">During the </font><font style="font-family:Arial;font-size:10pt;">six</font><font style="font-family:Arial;font-size:10pt;"> months ended </font><font style="font-family:Arial;font-size:10pt;">June&#160;30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:Arial;font-size:10pt;">, no customers accounted for more than 10% of the Company&#8217;s revenue. Substantially all of the Company&#8217;s revenues are derived from the sale of Motiva Implants. </font><font style="font-family:Arial;font-size:10pt;">One</font><font style="font-family:Arial;font-size:10pt;"> customer accounted for </font><font style="font-family:Arial;font-size:10pt;">10.6%</font><font style="font-family:Arial;font-size:10pt;"> of the Company&#8217;s accounts receivable balance as of June 30, 2019. No customers accounted for more than 10% of the Company&#8217;s accounts receivable balance as of </font><font style="font-family:Arial;font-size:10pt;color:#231f20;">December&#160;31, 2018</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company relies on NuSil Technology, LLC, or NuSil, as the sole supplier of medical-grade silicone used in Motiva Implants. During the </font><font style="font-family:Arial;font-size:10pt;">six</font><font style="font-family:Arial;font-size:10pt;"> months ended </font><font style="font-family:Arial;font-size:10pt;">June&#160;30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">2018</font><font style="font-family:Arial;font-size:10pt;">, the Company had purchases of </font><font style="font-family:Arial;font-size:10pt;">$8.1 million</font><font style="font-family:Arial;font-size:10pt;">, or </font><font style="font-family:Arial;font-size:10pt;">62.1%</font><font style="font-family:Arial;font-size:10pt;"> of total purchases, and </font><font style="font-family:Arial;font-size:10pt;">$5.8 million</font><font style="font-family:Arial;font-size:10pt;">, or </font><font style="font-family:Arial;font-size:10pt;">62.1%</font><font style="font-family:Arial;font-size:10pt;"> of total purchases, respectively, from Nusil. As of </font><font style="font-family:Arial;font-size:10pt;">June&#160;30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#231f20;">December&#160;31, 2018</font><font style="font-family:Arial;font-size:10pt;">, we had an outstanding balance owed to this vendor of </font><font style="font-family:Arial;font-size:10pt;">$1.5 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">$0.8 million</font><font style="font-family:Arial;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company&#8217;s future results of operations involve a number of risks and uncertainties. Factors that could affect the Company&#8217;s future operating results and cause actual results to vary materially from expectations include, but are not limited to, uncertainty of regulatory approval of the Company&#8217;s current and potential future products, uncertainty of market acceptance of the Company&#8217;s products, competition from substitute products and larger companies, securing and protecting proprietary technology, strategic relationships and dependence on key individuals and sole source suppliers. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Products developed by the Company require clearances from the FDA or other international regulatory agencies prior to commercial sales. There can be no assurance that the products will receive the necessary clearances. If the Company was denied clearance, clearance was delayed, or the Company was unable to maintain its existing clearances, these developments could have a material adverse impact on the Company.</font></div></div>
us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Debt and Embedded Derivatives</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company applies the accounting standards for derivatives and hedging and for distinguishing liabilities from equity when accounting for hybrid contracts. The Company accounts for convertible debt instruments when the Company has determined that the embedded conversion options should not be bifurcated from their host instruments in accordance with ASC 470-20 </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Debt with Conversion and Other Options</font><font style="font-family:Arial;font-size:10pt;"> (see Note 6).</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Company uses option pricing valuation models to determine the fair value of embedded derivatives and records any change in fair value as a component of other income or expense in the condensed consolidated statements of operations (see Note&#160;5).</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:4px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#231f20;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant accounting </font><font style="font-family:Arial;font-size:10pt;">estimates and management judgments reflected in the condensed </font><font style="font-family:Arial;font-size:10pt;color:#231f20;">consolidated</font><font style="font-family:Arial;font-size:10pt;"> financial statements include items such as accounts receivable valuation and allowances, inventory valuation and allowances, valuation of acquired intangible assets, valuation of derivatives, estimation of assets&#8217; useful lives and valuation of deferred income tax assets, including tax valuation allowances. Estimates are based</font><font style="font-family:Arial;font-size:10pt;color:#231f20;"> on historical experience, where applicable, and other assumptions believed to be reasonable by management. Actual results may differ from those estimates under different assumptions or conditions.</font></div></div>

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