2018 Q4 Form 10-Q Financial Statement

#000119312518323795 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $2.442M $486.0K $715.0K
YoY Change 161.74% 26.23% 2.0%
Cost Of Revenue $0.00
YoY Change
Gross Profit $715.0K
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $9.270M $7.807M $5.732M
YoY Change 275.3% 203.54% 118.78%
% of Gross Profit 801.68%
Research & Development $4.180M $6.233M $4.765M
YoY Change -2.08% 63.21% 13.18%
% of Gross Profit 666.43%
Depreciation & Amortization $670.0K $43.00K $650.0K
YoY Change 191.3% 10.26% 209.52%
% of Gross Profit 90.91%
Operating Expenses $13.45M $14.04M $10.50M
YoY Change 99.53% 119.68% 53.46%
Operating Profit -$11.01M -$13.55M -$9.782M
YoY Change 89.48% 125.67% 59.42%
Interest Expense -$590.0K $815.0K $720.0K
YoY Change -2066.67% 3500.0%
% of Operating Profit
Other Income/Expense, Net -$19.57M -$24.65M
YoY Change -85195.65%
Pretax Income -$11.59M -$33.13M -$34.43M
YoY Change 100.52% 454.01% 462.58%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$11.59M -$33.13M -$34.43M
YoY Change 100.52% 453.67% 462.92%
Net Earnings / Revenue -474.77% -6816.05% -4815.1%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.010M -$4.406M -$6.215M
COMMON SHARES
Basic Shares Outstanding 94.86M shares 74.51M shares 54.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.30M $55.80M $38.80M
YoY Change 251.16% 372.88% 129.59%
Cash & Equivalents $45.26M $55.76M $38.78M
Short-Term Investments
Other Short-Term Assets $1.400M $1.400M $800.0K
YoY Change 180.0% 250.0% 33.33%
Inventory $279.0K
Prepaid Expenses
Receivables $600.0K $500.0K $400.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $47.60M $57.64M $39.91M
YoY Change 248.85% 359.41% 124.97%
LONG-TERM ASSETS
Property, Plant & Equipment $288.0K $320.0K $253.0K
YoY Change -1.71% -5.04% -19.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $200.0K $200.0K
YoY Change -33.33% -33.33% -33.33%
Total Long-Term Assets $30.57M $31.21M $31.76M
YoY Change 5437.5% 3901.67% 3289.65%
TOTAL ASSETS
Total Short-Term Assets $47.60M $57.64M $39.91M
Total Long-Term Assets $30.57M $31.21M $31.76M
Total Assets $78.17M $88.86M $71.67M
YoY Change 450.6% 566.73% 283.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.640M $4.075M $2.940M
YoY Change 78.02% 132.06% 189.37%
Accrued Expenses $3.789M $3.343M $3.723M
YoY Change 67.51% 33.03% -11.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.46M $22.42M $21.66M
YoY Change 404.92% 423.91% 309.51%
LONG-TERM LIABILITIES
Long-Term Debt $17.62M $17.46M $17.31M
YoY Change
Other Long-Term Liabilities $1.455M $1.269M $1.231M
YoY Change 2313.73%
Total Long-Term Liabilities $19.08M $18.73M $18.54M
YoY Change 36252.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.46M $22.42M $21.66M
Total Long-Term Liabilities $19.08M $18.73M $18.54M
Total Liabilities $40.54M $41.15M $59.98M
YoY Change 844.43% 851.23% 1023.07%
SHAREHOLDERS EQUITY
Retained Earnings -$408.5M -$396.9M -$364.0M
YoY Change 26.63% 25.28% 17.11%
Common Stock $445.3M $443.8M $374.8M
YoY Change 34.26% 36.56% 15.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.63M $47.71M $11.69M
YoY Change
Total Liabilities & Shareholders Equity $78.17M $88.86M $71.67M
YoY Change 450.6% 566.73% 283.73%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income -$11.59M -$33.13M -$34.43M
YoY Change 100.52% 453.67% 462.92%
Depreciation, Depletion And Amortization $670.0K $43.00K $650.0K
YoY Change 191.3% 10.26% 209.52%
Cash From Operating Activities -$10.82M -$11.77M -$6.080M
YoY Change 114.68% 97.15% 36.63%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K $109.0K -$50.00K
YoY Change 70.31% -61.54%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.710M
YoY Change -168.4%
Cash From Investing Activities -$20.00K -$109.0K -$1.750M
YoY Change 70.31% -173.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.90M
YoY Change 2901.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 340.0K 28.86M 30.26M
YoY Change -94.41% 2897.2% 396.07%
NET CHANGE
Cash From Operating Activities -10.82M -11.77M -6.080M
Cash From Investing Activities -20.00K -109.0K -1.750M
Cash From Financing Activities 340.0K 28.86M 30.26M
Net Change In Cash -10.50M 16.99M 22.43M
YoY Change -1109.62% -435.4% 456.58%
FREE CASH FLOW
Cash From Operating Activities -$10.82M -$11.77M -$6.080M
Capital Expenditures -$20.00K $109.0K -$50.00K
Free Cash Flow -$10.80M -$11.88M -$6.030M
YoY Change 114.29% 96.87% 39.58%

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CY2018Q3 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
529000
CY2018Q3 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0
CY2018Q3 us-gaap Interest Paid Net
InterestPaidNet
583000
CY2018Q3 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>1. Operations and Basis of Presentation</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The accompanying condensed consolidated financial statements of EyePoint Pharmaceuticals, Inc. and subsidiaries (collectively, the &#x201C;Company&#x201D;) as of September&#xA0;30, 2018 and for the three months ended September&#xA0;30, 2018 and 2017 are unaudited. Certain information in the footnote disclosures of these financial statements has been condensed or omitted in accordance with the rules and regulations of the Securities and Exchange Commission (the &#x201C;SEC&#x201D;). These financial statements should be read in conjunction with the Company&#x2019;s audited consolidated financial statements and footnotes included in its Annual Report on Form&#xA0;<font style="WHITE-SPACE: nowrap">10-K</font>&#xA0;for the fiscal year ended June&#xA0;30, 2018 (&#x201C;fiscal 2018&#x201D;). In the opinion of management, these statements have been prepared on the same basis as the audited consolidated financial statements as of and for the year ended June&#xA0;30, 2018, and include all adjustments, consisting only of normal recurring adjustments, that are necessary for the fair presentation of the Company&#x2019;s financial position, results of operations, comprehensive loss and cash flows for the periods indicated. The preparation of financial statements in accordance with United States (&#x201C;U.S.&#x201D;) generally accepted accounting principles (&#x201C;GAAP&#x201D;) requires management to make assumptions and estimates that affect, among other things, (i)&#xA0;reported amounts of assets and liabilities; (ii)&#xA0;disclosure of contingent assets and liabilities at the date of the consolidated financial statements; and (iii)&#xA0;reported amounts of revenues and expenses during the reporting period. The results of operations for the three months ended September&#xA0;30, 2018 are not necessarily indicative of the results that may be expected for the entire fiscal year or any future period.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company is a specialty biopharmaceutical company committed to developing and commercializing innovative ophthalmic products for the treatment of eye diseases. Following U.S. Food and Drug Administration (&#x201C;FDA&#x201D;) approval of DEXYCU&#x2122; and YUTIQ&#x2122;, the Company is targeting the direct U.S. commercial launch of YUTIQ in the first quarter of calendar 2019 and DEXYCU in the first half of calendar 2019.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> DEXYCU&#x2122; (dexamethasone intraocular suspension) 9%, approved by the FDA in February 2018 for the treatment of post-operative inflammation, is administered as a single dose at the end of ocular surgery and is the first long-acting intraocular product approved by the FDA for the treatment of post-operative inflammation. DEXYCU utilizes the Company&#x2019;s proprietary Verisome<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">&#xAE;</sup>&#xA0;drug-delivery platform, which allows for a single injection that releases dexamethasone, a corticosteroid, over time. There are approximately four million cataract surgeries performed annually in the U.S. and the Company expects to launch DEXYCU in the U.S. in the first half of 2019 with a primary focus on its use following cataract surgery. The Company acquired DEXYCU in connection with its acquisition of Icon Bioscience, Inc. (&#x201C;Icon&#x201D;) in March 2018.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> YUTIQ&#x2122;, a&#xA0;<font style="WHITE-SPACE: nowrap">non-erodible</font>&#xA0;fluocinolone acetonide insert for the treatment of chronic&#xA0;<font style="WHITE-SPACE: nowrap">non-infectious</font>&#xA0;posterior uveitis affecting the posterior segment of the eye (chronic &#x201C;NIPU&#x201D;), was approved by the FDA on October&#xA0;12, 2018. Injected into the eye in an office visit, YUTIQ is a micro-insert that delivers a micro-dose of a corticosteroid to the back of the eye on a sustained basis (zero order release) for approximately three years. YUTIQ is based on the Company&#x2019;s proprietary Durasert&#x2122; sustained-release drug delivery technology platform, which can deliver drugs for predetermined periods of time ranging from months to years. NIPU is the third leading cause of blindness in the U.S. and is estimated to affect between 55,000 to 120,000 people. The Company expects to launch YUTIQ in the U.S. in the first quarter of calendar 2019.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> ILUVIEN<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">&#xAE;</sup>&#xA0;for diabetic macular edema (&#x201C;DME&#x201D;), the Company&#x2019;s lead licensed product, was also developed from the Durasert technology platform and is sold directly in the U.S. and several European Union (&#x201C;EU&#x201D;) countries by Alimera Sciences, Inc. (&#x201C;Alimera&#x201D;). Retisert<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">&#xAE;</sup>, one of the Company&#x2019;s earlier generation products, was approved in 2005 by the FDA for the treatment of chronic NIPU and is sold in the U.S. by Bausch&#xA0;&amp; Lomb Incorporated (&#x201C;Bausch&#xA0;&amp; Lomb&#x201D;). The Company&#x2019;s development programs are focused primarily on developing sustained release products that utilize its Durasert and Verisome technology platforms to deliver approved drugs to treat chronic diseases. The Company&#x2019;s strategy includes developing products independently while continuing to leverage its technology platforms through collaborations and license agreements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company has financed its operations primarily from sales of equity securities, issuance of debt and the receipt of license fees, milestone payments, research and development funding and royalty income from its collaboration partners. The Company has a history of operating losses and, to date, has not had significant recurring cash inflows from revenue. The Company&#x2019;s anticipated recurring use of cash to fund operations in combination with no probable source of additional capital raises substantial doubt about its ability to continue as a going concern for one year from the issuance of its financial statements. The Company received proceeds of $28.9&#xA0;million in late September 2018 from the exercise of investor warrants (the &#x201C;Second Tranche Warrants) (see Note 8) and had total cash and cash equivalents of $55.8&#xA0;million at September&#xA0;30, 2018. The Company believes that its cash and cash equivalents of $55.8&#xA0;million at September&#xA0;30, 2018, and expected proceeds from existing collaboration agreements, will enable the Company to maintain its current and planned operations (including continuation of its two Phase 3 clinical trials for YUTIQ and plans for the U.S. commercial launch of both DEXYCU and YUTIQ) into the second quarter of calendar year 2019. In order to extend the Company&#x2019;s ability to fund its operations beyond then, management&#x2019;s plans include obtaining additional equity financing and/or additional debt financing and/or, as applicable, reducing or deferring operating expenses. The timing and extent of the Company&#x2019;s implementation of these plans is expected to depend on the amount and timing of cash receipts from existing or any future collaborations or other agreements and/or proceeds from any financing transactions. There is no assurance that the Company will receive significant revenues from its planned commercialization of DEXYCU or YUTIQ, or from its product license revenues under existing collaboration agreements or be able to obtain financing from any other sources.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>Recently Adopted and Recently Issued Accounting Pronouncements</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> New accounting pronouncements are issued periodically by the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) and are adopted by the Company as of the specified effective dates. Unless otherwise disclosed below, the Company believes that recently issued and adopted accounting pronouncements will not have a material impact on the Company&#x2019;s financial position, results of operations and cash flows or do not apply to the Company&#x2019;s operations.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> The Company adopted Accounting Standards Codification (&#x201C;ASC&#x201D;) 606,&#xA0;<i>Revenue from Contracts with Customers</i>, with a date of initial application of July&#xA0;1, 2018. As a result, the Company has updated its accounting policy for revenue recognition to reflect the new standard (see Note 2). The adoption of ASC 606 represents a change in accounting principle that will more closely align revenue recognition with the delivery of the Company&#x2019;s services and will provide financial statement readers with enhanced disclosures. The Company applied ASC 606 using the modified retrospective method. The cumulative effect of initially applying the new revenue standard resulted in a $218,000 reduction to the opening balance of accumulated deficit at July&#xA0;1, 2018.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In February 2016, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">No.&#xA0;2016-02,</font>&#xA0;<i>Leases</i>. The new standard establishes a&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font>&#xA0;(&#x201C;ROU&#x201D;) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December&#xA0;15, 2018, including interim periods within those fiscal years. Based on the change in the Company&#x2019;s fiscal year (see Note 14), ASU&#xA0;<font style="WHITE-SPACE: nowrap">2016-02</font>&#xA0;will become effective on January&#xA0;1, 2019. A modified retrospective transition approach is required for lessee capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is evaluating the impact the adoption of this standard will have on its consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> In June 2018, the FASB issued ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-07,</font>&#xA0;<i>Improvements to Nonemployee Share-Based Payment Accounting</i>. The standard aligns the measurement and classification guidance for share-based payments to nonemployees with the guidance for share-based payments to employees, with certain exceptions. Under the new guidance, the measurement of equity-classified nonemployee awards will be fixed at the grant date. The ASU is effective for fiscal years beginning after December&#xA0;15, 2018, and interim periods within those fiscal years. Early adoption is permitted, but not before an entity adopts the new revenue guidance. ASU&#xA0;<font style="WHITE-SPACE: nowrap">2018-07,</font>&#xA0;which was early adopted on July&#xA0;1, 2018, did not have a significant impact on the Company&#x2019;s financial statements.</p> </div>
CY2018Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-109000
CY2018Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28863000
CY2018Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11766000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-33126000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
129000
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
14040000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-13554000
CY2018Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
109000
CY2018Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
CY2018Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
28863000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
-33126000
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6233000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
486000
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1397000
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3646000
CY2018Q3 dei Trading Symbol
TradingSymbol
EYPT
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
75170000 shares
CY2018Q3 eypt Stock Issued During Period Value Warrant Exercised
StockIssuedDuringPeriodValueWarrantExercised
28863000
CY2018Q3 eypt Finite Lived Intangible Assets Foreign Currency Translation Of Accumulated Amortization
FiniteLivedIntangibleAssetsForeignCurrencyTranslationOfAccumulatedAmortization
0
CY2018Q3 eypt Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
38000
CY2018Q3 eypt Amortization Of Debt Discount
AmortizationOfDebtDiscount
154000
CY2018Q3 eypt Warrants To Purchase Common Shares Expired
WarrantsToPurchaseCommonSharesExpired
0 shares
CY2018Q3 eypt Exercise Price Of Expired Warrants
ExercisePriceOfExpiredWarrants
0.00
CY2018Q3 eypt Stock Issued During Period Shares Settlement Of Derivative Liability To Adjustment To Additional Paid In Capital
StockIssuedDuringPeriodSharesSettlementOfDerivativeLiabilityToAdjustmentToAdditionalPaidInCapital
0 shares
CY2018Q3 eypt Stock Issued During Period Value Settlement Of Derivative Liability To Adjustment To Additional Paid In Capital
StockIssuedDuringPeriodValueSettlementOfDerivativeLiabilityToAdjustmentToAdditionalPaidInCapital
38666000

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