2022 Q1 Form 10-Q Financial Statement
#000161883522000110 Filed on May 10, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $4.251M | $1.105M |
YoY Change | 284.71% | |
Cost Of Revenue | $1.066M | $506.0K |
YoY Change | 110.67% | |
Gross Profit | $3.185M | $599.0K |
YoY Change | 431.72% | |
Gross Profit Margin | 74.92% | 54.21% |
Selling, General & Admin | $21.72M | $38.21M |
YoY Change | -43.15% | 154.78% |
% of Gross Profit | 682.04% | 6378.8% |
Research & Development | $10.39M | $7.262M |
YoY Change | 43.09% | 70.99% |
% of Gross Profit | 326.25% | 1212.35% |
Depreciation & Amortization | $265.0K | $200.0K |
YoY Change | 32.5% | 185.71% |
% of Gross Profit | 8.32% | 33.39% |
Operating Expenses | $32.11M | $45.98M |
YoY Change | -30.15% | 138.92% |
Operating Profit | -$28.93M | -$44.87M |
YoY Change | -35.53% | 133.17% |
Interest Expense | $523.0K | $1.152M |
YoY Change | -54.6% | |
% of Operating Profit | ||
Other Income/Expense, Net | -$2.956M | -$1.280M |
YoY Change | 130.94% | -1406.12% |
Pretax Income | -$31.89M | -$46.15M |
YoY Change | -30.91% | 141.05% |
Income Tax | $3.000K | -$1.000K |
% Of Pretax Income | ||
Net Earnings | -$31.89M | -$46.15M |
YoY Change | -30.91% | 141.05% |
Net Earnings / Revenue | -750.13% | -4176.56% |
Basic Earnings Per Share | -$2.88 | -$8.46 |
Diluted Earnings Per Share | -$2.88 | -$8.46 |
COMMON SHARES | ||
Basic Shares Outstanding | 11.09M shares | 5.456M shares |
Diluted Shares Outstanding | 11.09M shares | 5.456M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.761M | $45.30M |
YoY Change | -93.91% | 335.58% |
Cash & Equivalents | $2.761M | $45.32M |
Short-Term Investments | ||
Other Short-Term Assets | $8.797M | $23.10M |
YoY Change | -61.92% | 670.0% |
Inventory | $7.161M | $8.990M |
Prepaid Expenses | ||
Receivables | $4.416M | $2.914M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $21.36M | $80.34M |
YoY Change | -73.41% | 485.66% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.518M | $5.614M |
YoY Change | -1.71% | 802.57% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $2.706M | $1.022M |
YoY Change | 164.77% | -2.11% |
Total Long-Term Assets | $13.21M | $13.13M |
YoY Change | 0.62% | 580.96% |
TOTAL ASSETS | ||
Total Short-Term Assets | $21.36M | $80.34M |
Total Long-Term Assets | $13.21M | $13.13M |
Total Assets | $34.57M | $93.46M |
YoY Change | -63.01% | 497.4% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $14.04M | $6.501M |
YoY Change | 115.98% | -8.69% |
Accrued Expenses | $9.749M | $8.978M |
YoY Change | 8.59% | 259.26% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $267.0K | $53.20M |
YoY Change | -99.5% | |
Long-Term Debt Due | $113.8M | |
YoY Change | ||
Total Short-Term Liabilities | $154.5M | $75.71M |
YoY Change | 104.04% | 423.52% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $25.70M |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $4.059M | $5.700M |
YoY Change | -28.79% | 2750.0% |
Total Long-Term Liabilities | $4.059M | $31.40M |
YoY Change | -87.07% | 15600.0% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $154.5M | $75.71M |
Total Long-Term Liabilities | $4.059M | $31.40M |
Total Liabilities | $158.5M | $107.1M |
YoY Change | 48.02% | 632.37% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$892.6M | -$701.6M |
YoY Change | 27.22% | 31.81% |
Common Stock | $759.2M | $688.0M |
YoY Change | 10.35% | 29.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$128.1M | -$13.64M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $34.57M | $93.46M |
YoY Change | -63.01% | 497.4% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$31.89M | -$46.15M |
YoY Change | -30.91% | 141.05% |
Depreciation, Depletion And Amortization | $265.0K | $200.0K |
YoY Change | 32.5% | 185.71% |
Cash From Operating Activities | -$20.92M | -$34.46M |
YoY Change | -39.29% | 131.63% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $66.00K | $956.0K |
YoY Change | -93.1% | 906.32% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $250.0K |
YoY Change | -100.0% | -96.38% |
Cash From Investing Activities | -$66.00K | -$706.0K |
YoY Change | -90.65% | -110.23% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $28.05M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $15.13M | $28.01M |
YoY Change | -45.98% | 1953.23% |
NET CHANGE | ||
Cash From Operating Activities | -$20.92M | -$34.46M |
Cash From Investing Activities | -$66.00K | -$706.0K |
Cash From Financing Activities | $15.13M | $28.01M |
Net Change In Cash | -$5.856M | -$7.158M |
YoY Change | -18.19% | 8.29% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$20.92M | -$34.46M |
Capital Expenditures | $66.00K | $956.0K |
Free Cash Flow | -$20.99M | -$35.41M |
YoY Change | -40.74% | 136.55% |
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|
11092862 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11092862 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5456221 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5456221 | shares |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-31888000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-46151000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Financial Liability Fair Value Option After Tax And Reclassification Adjustment
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment
|
181000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Financial Liability Fair Value Option After Tax And Reclassification Adjustment
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment
|
0 | USD |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-31707000 | USD |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-46151000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-31888000 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-104315000 | USD |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5400000 | USD |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
708000 | USD |
CY2022Q1 | evfm |
Temporary Equity Convertible Preferred Stock Deemed Dividends
TemporaryEquityConvertiblePreferredStockDeemedDividends
|
81000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Financial Liability Fair Value Option After Tax And Reclassification Adjustment
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment
|
181000 | USD |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
828000 | USD |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1067000 | USD |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-128100000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1347000 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
27709000 | USD |
CY2021Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
7000 | USD |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3464000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-46151000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-13638000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-31888000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-46151000 | USD |
CY2022Q1 | evfm |
Loss On Issuance Of Financial Instruments
LossOnIssuanceOfFinancialInstruments
|
852000 | USD |
CY2021Q1 | evfm |
Loss On Issuance Of Financial Instruments
LossOnIssuanceOfFinancialInstruments
|
0 | USD |
CY2022Q1 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
-1634000 | USD |
CY2021Q1 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
-142000 | USD |
CY2022Q1 | evfm |
Warrant Modification
WarrantModification
|
828000 | USD |
CY2021Q1 | evfm |
Warrant Modification
WarrantModification
|
0 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1067000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3464000 | USD |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
265000 | USD |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
195000 | USD |
CY2022Q1 | us-gaap |
Lease Cost
LeaseCost
|
395000 | USD |
CY2021Q1 | us-gaap |
Lease Cost
LeaseCost
|
330000 | USD |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
523000 | USD |
CY2021Q1 | us-gaap |
Interest Expense
InterestExpense
|
1152000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2033000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1847000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-755000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1676000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1036000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-13606000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3735000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4647000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-85000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
4713000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
469000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-3510000 | USD |
CY2022Q1 | evfm |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-466000 | USD |
CY2021Q1 | evfm |
Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
|
-229000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-20919000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-34458000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
0 | USD |
CY2021Q1 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
250000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
66000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
956000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-66000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-706000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
10000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
CY2022Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
351000 | USD |
CY2021Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
37000 | USD |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | USD |
CY2021Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
7000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
15129000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
28006000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5856000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-7158000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13588000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
72251000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7732000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
65093000 | USD |
CY2022Q1 | evfm |
Deferred Offering Costs Included In Accounts Payable And Accrued Expense
DeferredOfferingCostsIncludedInAccountsPayableAndAccruedExpense
|
61000 | USD |
CY2021Q1 | evfm |
Deferred Offering Costs Included In Accounts Payable And Accrued Expense
DeferredOfferingCostsIncludedInAccountsPayableAndAccruedExpense
|
304000 | USD |
CY2022Q1 | evfm |
Receivable From Issuance Of Common Stock
ReceivableFromIssuanceOfCommonStock
|
331000 | USD |
CY2021Q1 | evfm |
Receivable From Issuance Of Common Stock
ReceivableFromIssuanceOfCommonStock
|
0 | USD |
CY2022Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
57000 | USD |
CY2021Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
519000 | USD |
CY2022Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
644000 | USD |
CY2021Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
0 | USD |
CY2022Q1 | evfm |
Temporary Equity Value Exchange Of Convertible Securities
TemporaryEquityValueExchangeOfConvertibleSecurities
|
1616000 | USD |
CY2021Q1 | evfm |
Temporary Equity Value Exchange Of Convertible Securities
TemporaryEquityValueExchangeOfConvertibleSecurities
|
0 | USD |
CY2022Q1 | evfm |
Proceeds From Issuance Of Notes And Warrants
ProceedsFromIssuanceOfNotesAndWarrants
|
10000000 | USD |
CY2022Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
5700000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
2800000 | USD |
CY2022Q1 | evfm |
Working Capital Surplus Deficit
WorkingCapitalSurplusDeficit
|
-133100000 | USD |
CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-892600000 | USD |
CY2022Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the notes thereto.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">S</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ignificant estimates affecting amounts reported or disclosed in the condensed consolidated financial statements include, but are not limited to: the assumptions used in measuring the revenue gross-to-net variable consideration items, the trade accounts receivable credit loss reserve estimate, the discount rate used in estimating the fair value of the lease right</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">-</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">-</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">use (ROU) assets and lease liabilities, the assumptions used in estimating the fair value of notes, derivative liabilities, warrants and purchase rights issued, the useful lives of property and equipment, the recoverability of long-lived assets, inventory reserves, clinical trial accruals, the assumptions used in estimating the fair value of stock-based compensation expense and in assessing the probability of achieving certain milestones associated with the performance-based restricted stock awards (performance-based RSAs). These assumptions are more fully described in </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if4fda611da6c47bfbe4d89fbb91555ab_43" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 3- Revenue</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if4fda611da6c47bfbe4d89fbb91555ab_49" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 4- Debt</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if4fda611da6c47bfbe4d89fbb91555ab_58" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 6- Fair Value of Financial Instruments</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if4fda611da6c47bfbe4d89fbb91555ab_61" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 7- Commitments and Contingencies</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if4fda611da6c47bfbe4d89fbb91555ab_70" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 9- Stock-based Compensation</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Company bases its estimates on historical experience and other market-specific or other relevant assumptions that it believes to be reasonable under the circumstances and adjusts when facts and circumstances dictate. The estimates are the basis for making judgments about the carrying values of assets, liabilities and recorded expenses that are not readily apparent from other sources. As future events and their effects cannot be determined with precision, actual results may materially differ from those estimates or assumptions.</span></div> | |
CY2022Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2022Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit Risk</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents and restricted cash. Deposits in the Company’s checking, time deposit and investment accounts are maintained in federally insured financial institutions and are subject to federally insured limits or limits set by Securities Investor Protection Corporation. The Company invests in funds through a major U.S. bank and is exposed to credit risk in the event of default to the extent of amounts recorded on the condensed consolidated balance sheets.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has not experienced any losses in such accounts and believes it is not exposed to significant concentrations of credit risk on its cash, cash equivalents and restricted cash balances on amounts in excess of federally insured limits due to the financial position of the depository institutions in which these deposits are held.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is also subject to credit risk related to its trade accounts receivable from product sales. Its customers are located in the United States and consist of wholesale distributors, retail pharmacies, and a mail-order specialty pharmacy. The </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company extends credit to its customers in the normal course of business after evaluating their overall financial condition and evaluates the collectability of its accounts receivable by periodically reviewing the age of the receivables, the financial condition of its customers, and its past collection experience. Historically, the Company has not experienced any credit losses. As of March 31, 2022, based on the evaluation of these factors, the Company did not record an allowance for doubtful accounts. </span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Phexxi is distributed primarily through three major distributors and a mail-order pharmacy, who receive service fees calculated as a percentage of the gross sales, and fee per units shipped, respectively. These entities are not obligated to purchase any set number of units and distribute Phexxi on demand as orders are received. For the three months ended March 31, 2022 and 2021, the Company’s three largest customers combined made up approximately 70% and 87% of its gross product sales, respectively. As of March 31, 2022 and December 31, 2021, the Company's three largest customers combined made up 73% and 75%, respectively, of its trade accounts receivable balance.</span></div> | |
CY2020Q4 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
25000000 | USD |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2761000 | USD |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
45318000 | USD |
CY2022Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
4171000 | USD |
CY2021Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
18975000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7732000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
65093000 | USD |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9449211 | shares |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2785622 | shares |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
1000400 | shares |
CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
5.88 | |
CY2022Q1 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
1037885 | shares |
CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
7.1805 | |
CY2022Q1 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2022Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
574000 | USD |
CY2021Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
574000 | USD |
CY2022Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1737000 | USD |
CY2021Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1712000 | USD |
CY2022Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
4850000 | USD |
CY2021Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
5629000 | USD |
CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
7161000 | USD |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
7915000 | USD |
CY2022Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
300000 | USD |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
300000 | USD |
CY2022Q1 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
1800000 | USD |
CY2021Q4 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
200000 | USD |
CY2022Q1 | evfm |
Accrued Clinical Studies Current
AccruedClinicalStudiesCurrent
|
6549000 | USD |
CY2021Q4 | evfm |
Accrued Clinical Studies Current
AccruedClinicalStudiesCurrent
|
5294000 | USD |
CY2022Q1 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
1972000 | USD |
CY2021Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
1997000 | USD |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
8370000 | USD |
CY2022Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
608000 | USD |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
550000 | USD |
CY2022Q1 | evfm |
Accrued Manufacturing Related Costs Current
AccruedManufacturingRelatedCostsCurrent
|
0 | USD |
CY2021Q4 | evfm |
Accrued Manufacturing Related Costs Current
AccruedManufacturingRelatedCostsCurrent
|
201000 | USD |
CY2022Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
620000 | USD |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
328000 | USD |
CY2022Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9749000 | USD |
CY2022Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
5121000 | USD |
CY2021Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
11176000 | USD |
CY2022Q1 | evfm |
Lessee Operating Lease Number Of Vehicles Leased
LesseeOperatingLeaseNumberOfVehiclesLeased
|
71 | vehicle |
CY2019Q4 | evfm |
Office Square Footage
OfficeSquareFootage
|
24474 | sqft |
CY2019Q4 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
P5Y | |
CY2020Q2 | evfm |
Office Square Footage
OfficeSquareFootage
|
8816 | sqft |
CY2022Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
576000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
593000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y4M17D | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y6M29D | |
CY2022Q1 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.12 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.12 | |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1818000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2160000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2192000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1502000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
7672000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1395000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
6277000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
634000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
486000 | USD |
CY2022Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
|
0 | USD |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
|
1100000 | USD |
CY2022Q1 | us-gaap |
Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
|
0 | claim |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
6556094 | shares |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
16.34 | |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
6556094 | shares |
CY2022Q1 | evfm |
Common Stock Reserved Upon Exercise Of Common Stock Warrants
CommonStockReservedUponExerciseOfCommonStockWarrants
|
6556094 | shares |
CY2022Q1 | evfm |
Common Stock Reserved For The Conversion Of Preferred Stock
CommonStockReservedForTheConversionOfPreferredStock
|
892664 | shares |
CY2022Q1 | evfm |
Common Stock Reserved For The Conversion Of Convertible Notes
CommonStockReservedForTheConversionOfConvertibleNotes
|
6256088 | shares |
CY2022Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
14961009 | shares |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1067000 | USD |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3464000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
217718 | shares |