2021 Q2 Form 10-Q Financial Statement
#000156459021042129 Filed on August 06, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
Revenue | $9.013M | $4.122M | $7.490M |
YoY Change | 118.66% | -42.83% | 272.27% |
Cost Of Revenue | $1.929M | $500.0K | $980.0K |
YoY Change | 285.8% | -29.18% | 196.97% |
Gross Profit | $7.084M | $3.620M | $6.510M |
YoY Change | 95.69% | -44.34% | 287.04% |
Gross Profit Margin | 78.6% | 87.82% | 86.92% |
Selling, General & Admin | $11.84M | $10.88M | $12.49M |
YoY Change | 8.84% | -10.07% | 4.73% |
% of Gross Profit | 167.18% | 300.58% | 191.78% |
Research & Development | $5.605M | $3.276M | $4.853M |
YoY Change | 71.09% | -17.17% | 27.81% |
% of Gross Profit | 79.12% | 90.5% | 74.55% |
Depreciation & Amortization | $682.0K | $670.0K | $33.00K |
YoY Change | 1.79% | 3.08% | -25.0% |
% of Gross Profit | 9.63% | 18.51% | 0.51% |
Operating Expenses | $19.99M | $15.27M | $18.93M |
YoY Change | 30.89% | -12.09% | 13.62% |
Operating Profit | -$10.98M | -$11.15M | -$11.44M |
YoY Change | -1.55% | 9.71% | -21.89% |
Interest Expense | $1.376M | $1.806M | $1.784M |
YoY Change | -23.81% | 12.95% | 74.9% |
% of Operating Profit | |||
Other Income/Expense, Net | $969.0K | -$1.798M | -$1.730M |
YoY Change | -153.89% | 34.88% | -62.28% |
Pretax Income | -$10.01M | -$12.95M | -$13.17M |
YoY Change | -22.7% | 12.61% | -31.55% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$10.01M | -$12.95M | -$13.17M |
YoY Change | -22.7% | 12.63% | -31.52% |
Net Earnings / Revenue | -111.06% | -314.17% | -175.89% |
Basic Earnings Per Share | -$0.35 | ||
Diluted Earnings Per Share | -$0.35 | -$1.038M | -$1.140M |
COMMON SHARES | |||
Basic Shares Outstanding | 28.74M | ||
Diluted Shares Outstanding | 28.74M |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $127.6M | $22.80M | $26.30M |
YoY Change | 459.78% | -48.42% | -39.4% |
Cash & Equivalents | $127.6M | $22.80M | $26.45M |
Short-Term Investments | |||
Other Short-Term Assets | $3.704M | $5.900M | $5.600M |
YoY Change | -37.22% | 90.32% | 211.11% |
Inventory | $5.381M | $3.773M | $3.400M |
Prepaid Expenses | |||
Receivables | $15.11M | $7.400M | $14.40M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $151.8M | $39.80M | $49.70M |
YoY Change | 281.47% | -32.05% | 2.75% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.868M | $3.300M | $3.400M |
YoY Change | -13.09% | 691.37% | 700.0% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $150.0K | $200.0K | $200.0K |
YoY Change | -25.0% | 0.0% | 0.0% |
Total Long-Term Assets | $27.00M | $29.90M | $30.60M |
YoY Change | -9.71% | -8.72% | -8.61% |
TOTAL ASSETS | |||
Total Short-Term Assets | $151.8M | $39.80M | $49.70M |
Total Long-Term Assets | $27.00M | $29.90M | $30.60M |
Total Assets | $178.8M | $69.70M | $80.30M |
YoY Change | 156.56% | -23.68% | -1.9% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.421M | $3.900M | $5.200M |
YoY Change | 39.0% | -35.71% | -17.7% |
Accrued Expenses | $9.114M | $5.131M | $5.100M |
YoY Change | 77.63% | 21.76% | 74.42% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $95.00K | $100.0K | $0.00 |
YoY Change | -5.0% | ||
Total Short-Term Liabilities | $16.25M | $9.586M | $10.30M |
YoY Change | 69.52% | -10.59% | -58.23% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $36.27M | $50.26M | $47.80M |
YoY Change | -27.83% | 8.67% | 49.6% |
Other Long-Term Liabilities | $19.44M | $3.026M | $5.800M |
YoY Change | 542.37% | 0.87% | 176.19% |
Total Long-Term Liabilities | $55.71M | $53.29M | $53.60M |
YoY Change | 4.55% | 8.19% | 57.41% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $16.25M | $9.586M | $10.30M |
Total Long-Term Liabilities | $55.71M | $53.29M | $53.60M |
Total Liabilities | $71.96M | $65.50M | $63.80M |
YoY Change | 9.86% | 3.77% | 2.94% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$491.4M | ||
YoY Change | 11.88% | ||
Common Stock | $494.8M | ||
YoY Change | 6.03% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $106.9M | $4.194M | $16.47M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $178.8M | $69.69M | $80.30M |
YoY Change | 156.62% | -23.7% | -1.9% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$10.01M | -$12.95M | -$13.17M |
YoY Change | -22.7% | 12.63% | -31.52% |
Depreciation, Depletion And Amortization | $682.0K | $670.0K | $33.00K |
YoY Change | 1.79% | 3.08% | -25.0% |
Cash From Operating Activities | -$10.54M | -$5.120M | -$16.35M |
YoY Change | 105.9% | -70.08% | 22.58% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$25.00K | -$20.00K | $16.00K |
YoY Change | 25.0% | -33.33% | -91.21% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$25.00K | -$20.00K | -$16.00K |
YoY Change | 25.0% | -33.33% | -91.21% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $20.29M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -382.0K | 1.660M | 20.45M |
YoY Change | -123.01% | -90.74% | 75.74% |
NET CHANGE | |||
Cash From Operating Activities | -10.54M | -5.120M | -16.35M |
Cash From Investing Activities | -25.00K | -20.00K | -16.00K |
Cash From Financing Activities | -382.0K | 1.660M | 20.45M |
Net Change In Cash | -10.95M | -3.480M | 4.085M |
YoY Change | 214.63% | -546.15% | -317.06% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$10.54M | -$5.120M | -$16.35M |
Capital Expenditures | -$25.00K | -$20.00K | $16.00K |
Free Cash Flow | -$10.52M | -$5.100M | -$16.36M |
YoY Change | 106.22% | -70.14% | 21.05% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2021Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
16336000 | ||
CY2021Q2 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesCurrent | |
CY2020Q4 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesCurrent | |
CY2021Q2 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesCurrent | |
CY2020Q4 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesCurrent | |
CY2021Q2 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
CY2020Q4 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-26124000 | ||
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16474000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12950000 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-71000 | |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
735000 | |
eypt |
Cost Of Sales Excluding Amortization Of Acquired Intangible Assets
CostOfSalesExcludingAmortizationOfAcquiredIntangibleAssets
|
3319000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
11084000 | ||
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
12318000 | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
2065000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22290000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
5943000 | ||
CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
41883000 | |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4188000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10010000 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-12000 | |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1180000 | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
106865000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8330000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-26124000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
19990000 | ||
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
187000 | ||
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-90000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1895000 | ||
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4188000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18541000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22290000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
108403000 | ||
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
173000 | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
10000 | ||
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-140000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2168000 | ||
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
106865000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1230000 | ||
us-gaap |
Depreciation
Depreciation
|
88000 | ||
eypt |
Amortization Of Debt Discount
AmortizationOfDebtDiscount
|
348000 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
0 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
647000 | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
2065000 | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2168000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1895000 | ||
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-4472000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
43000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1635000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1354000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-2342000 | ||
eypt |
Increase Decrease In Operating Lease Liabilities And Right Of Use Asset
IncreaseDecreaseInOperatingLeaseLiabilitiesAndRightOfUseAsset
|
-74000 | ||
eypt |
Increase Decrease In Operating Lease Liabilities And Right Of Use Asset
IncreaseDecreaseInOperatingLeaseLiabilitiesAndRightOfUseAsset
|
-30000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-421000 | ||
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-15000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-25642000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-21466000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
25000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
42000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-25000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-42000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
108403000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
19990000 | ||
eypt |
Proceeds From Paycheck Protection Program Loan
ProceedsFromPaycheckProtectionProgramLoan
|
0 | ||
eypt |
Proceeds From Paycheck Protection Program Loan
ProceedsFromPaycheckProtectionProgramLoan
|
2041000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
140000 | ||
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
58000 | ||
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
20000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
82721000 | ||
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
45059000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
2403000 | ||
eypt |
Non Cash Unpaid Stock Issuance Costs
NonCashUnpaidStockIssuanceCosts
|
65000 | ||
eypt |
Non Cash Unpaid Stock Issuance Costs
NonCashUnpaidStockIssuanceCosts
|
0 | ||
eypt |
Payments Forgiven Under Paycheck Protection Program Loan
PaymentsForgivenUnderPaycheckProtectionProgramLoan
|
2041000 | ||
eypt |
Payments Forgiven Under Paycheck Protection Program Loan
PaymentsForgivenUnderPaycheckProtectionProgramLoan
|
0 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.<span style="font-weight:normal;margin-left:36pt;"/>Operations</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> <span style="Background-color:#FFFFFF;color:#000000;">The accompanying condensed consolidated financial statements of EyePoint Pharmaceuticals, Inc., a Delaware corporation </span>(together with its subsidiaries, the “Company”), <span style="Background-color:#FFFFFF;color:#000000;">as of June 30, 2021 and for the three and six months ended June 30, 2021 and 2020 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 “SEC”). These financial statements should be read in conjunction with the Company’s audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. 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 December 31, 2020, and include all adjustments, consisting only of normal recurring adjustments, that are necessary for the fair presentation of the Company’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 (“U.S.”) generally accepted accounting principles (“GAAP”) requires management to make assumptions and estimates that affect, among other things, (i) reported amounts of assets and liabilities; (ii) disclosure of contingent assets and liabilities at the date of the consolidated financial statements; and (iii) reported amounts of revenues and expenses during the reporting period. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the entire fiscal year or any future period.<br/></span><br/> The Company is a pharmaceutical company committed to developing and commercializing innovative therapeutics to help improve the lives of patients with serious eye disorders. The Company’s pipeline leverages its proprietary Durasert<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup> technology for extended intraocular drug delivery including EYP-1901, a potential twice-yearly sustained delivery intravitreal anti-VEGF treatment initially targeting wet age-related macular degeneration (“wet AMD”), the leading cause of vision loss among people 50 years of age and older in the United States. The Company’s product candidate pipeline also includes YUTIQ<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup> 50, a potential twice-yearly treatment for non-infectious uveitis affecting the posterior segment of the eye, one of the leading causes of blindness. The Company also has two commercial products: YUTIQ<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup>, a once every three-year treatment for chronic non-infectious uveitis affecting the posterior segment of the eye, and DEXYCU<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup>, a single dose treatment for postoperative inflammation following ocular surgery<span style="Background-color:#FFFFFF;">. </span></p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Local drug delivery for treating ocular diseases is a significant challenge due to the effectiveness of the blood-eye barrier. This barrier makes it difficult for systemically-administered drugs to reach the eye in sufficient quantities to have a beneficial effect without causing unacceptable adverse side effects to other organs. The Company’s validated Durasert technology, which has already been included in four products approved for marketing by the U.S. Food and Drug Administration (“FDA”), is designed to provide consistent, sustained delivery of small molecule drugs over a period of months to years through a single intravitreal injection. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">The Company’s lead product candidate, EYP-1901, combines a bioerodible formulation of its proprietary Durasert sustained-release technology with vorolanib, a tyrosine kinase inhibitor (“TKI”). The Company is currently evaluating EYP-1901 in a Phase 1 clinical trial as a potential twice-yearly sustained delivery intravitreal treatment for wet AMD. Current approved treatments for wet AMD require monthly or bi-monthly eye injections in a physician’s office, which can cause inconvenience and discomfort and often lead to reduced compliance and poor outcomes. On May 25, 2021, the Company announced the completion of the enrollment of the Phase 1 DAVIO clinical trial of EYP-1901 and expects initial data from trial in the fourth quarter of 2021. </span></p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">The Company is also developing YUTIQ 50 as a potential twice-yearly intravitreal treatment for chronic non-infectious uveitis affecting the posterior segment of the eye. The Company has consulted with the FDA and identified a clinical pathway for a supplemental new drug application (“sNDA”) filing that the Company expects will involve a clinical trial of a small population. The Company expects to initiate the Phase 3 clinical trial for YUTIQ 50 by the end of this year.</span></p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">The Company also has two commercial products, YUTIQ<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup> and DEXYCU<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup>, that are being sold directly in the U.S. </span></p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">YUTIQ<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup> (fluocinolone acetonide intravitreal implant) 0.18 mg for intravitreal injection, is a non-erodible intravitreal implant containing fluocinolone acetonide (“FA”) lasting for up to 36 months and is indicated for the treatment of chronic non-infectious uveitis affecting the posterior segment of the eye. This disease affects between 60,000 to 100,000 people each year in the U.S. causes approximately 30,000 new cases of blindness every year and </span></p> <p style="margin-top:10pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">is </span><span style="Background-color:#FFFFFF;">the third leading cause of blindness.</span><span style="Background-color:#FFFFFF;"> YUTIQ utilizes </span><span style="Background-color:#FFFFFF;">the Company’s proprietary Durasert</span><span style="Background-color:#FFFFFF;"><sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup></span><span style="Background-color:#FFFFFF;"> sustained-release drug delivery technology platform.</span></p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">DEXYCU<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup> (dexamethasone intraocular suspension) 9%, for intraocular administration, is indicated for the treatment of post-operative ocular inflammation, with the Company’s primary focus on its use immediately following cataract surgery as a single dose treatment. DEXYCU utilizes the Company’s proprietary Verisome<sup style="font-size:85%;line-height:120%;vertical-align:top">®</sup> drug-delivery technology.</span></p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:10pt;text-indent:4.81%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is also seeking to enhance its long-term growth potential by expanding EYP-1901 beyond wet AMD into diabetic retinopathy (“DR”) and retinal vein occlusion (“RVO”), both large and growing ocular disease areas. The Company also expects to potentially identify and advance additional product pipeline candidates through clinical and regulatory development. This may be accomplished through internal discovery efforts, potential research collaborations and/or in-licensing arrangements with partner molecules and potential acquisitions of additional ophthalmic products, product candidates or technologies that complement the Company’s current product portfolio.</p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Effects of the COVID-19 Coronavirus Pandemic<span style="Background-color:#FFFFFF;"> </span></p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:4.76%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The ongoing COVID-19 coronavirus pandemic<span style="Background-color:#FFFFFF;"> (the “Pandemic”)</span> has had a material and adverse impact on the Company’s business, including as a result of measures that the Company, other businesses, and governments have taken and will possibly continue to take. This includes a significant impact on cash flows from expected revenues due to the closure of ambulatory surgery centers for DEXYCU and a significant reduction in physician office visits impacting YUTIQ in 2020. The ongoing Pandemic continued to have an adverse impact on the Company’s revenues, financial condition and cash flows in the first quarter and second quarter of 2021. Further, the future progression of the Pandemic and its effects on the Company’s business and operations are uncertain at this time. Depending on the future developments that are uncertain and difficult to predict, including new information that may emerge concerning the Pandemic, the Company’s revenues, financial condition and cash flows may be adversely affected in the future as well. The Company is continuously monitoring the Pandemic and its potential effect on the Company’s financial position, results of operations and cash flows. This uncertainty could have an impact in future periods on certain estimates used in the preparation of the Company’s periodic financial results, including reserves for variable consideration related to product sales, realizability of certain receivables, assessment for excess or obsolete inventory, and impairment of long-lived assets. <span style="Background-color:#FFFFFF;">Uncertainty around the extent and duration of the Pandemic, and any future related financial impact cannot be reasonably estimated at this time.</span></p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Liquidity</p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:4.81%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company had cash and cash equivalents of $127.6<span style="font-size:12pt;color:#000000;"> </span>million at June 30, 2021.<span style="Background-color:#FFFFFF;"> T</span>he Company has a history of operating losses and has not had significant recurring cash inflows from revenue. The Company’s operations have been financed primarily from sales of its equity securities, issuance of debt and a combination of license fees, milestone payments, royalty income and other fees received from its collaboration partners<span style="Background-color:#FFFFFF;">.</span> In the first quarter of 2019, the Company commenced the U.S. launch of its first two commercial products, YUTIQ and DEXYCU. However, the Company has not received sufficient revenues from its product sales to fund operations and the Company does not expect revenues from its product sales to generate sufficient funding to sustain its operations in the near-term. The Company expects to continue fulfilling its funding needs through cash inflows from revenue of YUTIQ and DEXYCU product sales, licensing and research collaboration transactions, additional equity capital raises and other arrangements. The Company believes that its cash and cash equivalents of $127.6 million at June 30, 2021, coupled with expected cash inflows from its product sales will enable the Company to fund its current and planned operations for <span style="Background-color:#FFFFFF;">at least the next twelve months from the date these consolidated financial statements were issued. A</span>ctual cash requirements could differ from management’s projections due to many factors, including the continued effect of the Pandemic on the Company’s business and the medical community, <span style="Background-color:#FFFFFF;">the timing and results of the Company’s clinical trials for EYP-1901, </span>additional <span style="Background-color:#FFFFFF;">investments</span> in research and development programs, the success of <span style="Background-color:#FFFFFF;">commercialization</span> for YUTIQ and DEXYCU, the actual costs of these commercialization efforts, competing technological and market developments and the costs of any strategic acquisitions and/or development of complementary business opportunities.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Recently Adopted and Recently Issued Accounting Pronouncements</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">New accounting pronouncements are issued periodically by the Financial Accounting Standards Board (“FASB”) and are adopted by the Company as of the specified effective dates. Unless otherwise disclosed below, the </p> <p style="margin-top:10pt;margin-bottom:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Company believes that recently issued and adopted pronouncements will not have a material impact on the Company’s financial position, results of operations and cash flows or do not apply to the Company’s operations. </span></p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:4.81%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2021, the FASB issued ASU No. 2021-04, <span style="font-style:italic;color:#000000;">Earnings Per Share (Topic 260), Debt— Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40)</span> (“ASU 2021-04”)<span style="font-style:italic;">: Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options. </span>The amendments<span style="Background-color:#FFFFFF;color:#444444;font-size:17pt;font-family:Arial;"> </span>are designed to clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options that remain equity-classified after modification or exchange. The ASU provides guidance on how an issuer would measure and recognize the effects of these transactions. The standard provides a principles-based framework to determine whether an issuer should recognize the modification or exchange as an adjustment to equity or an expense. ASU 2021-04 is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. Early adoption is permitted, including adoption in interim or annual periods for which financial statements have not yet been issued. ASU 2021-04 will be effective for the Company in the first quarter of its fiscal year ending December 31, 2022. The Company is currently evaluating the impact the adoption of this update will have on its consolidated financial statements.</p> | ||
eypt |
Number Of Products Approved
NumberOfProductsApproved
|
4 | ||
eypt |
Number Of Products
NumberOfProducts
|
2 | ||
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
127600000 | |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
127600000 | |
eypt |
Contract With Customer Allowance For Credit Loss Increase Decrease
ContractWithCustomerAllowanceForCreditLossIncreaseDecrease
|
-172000 | ||
eypt |
Contract With Customer Allowance For Deductions Applied And Payments Made
ContractWithCustomerAllowanceForDeductionsAppliedAndPaymentsMade
|
-3931000 | ||
CY2021Q2 | us-gaap |
Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
|
3003000 | |
CY2019Q4 | us-gaap |
Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
|
2241000 | |
eypt |
Contract With Customer Allowance For Credit Loss Additions
ContractWithCustomerAllowanceForCreditLossAdditions
|
1547000 | ||
CY2021Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
3135000 | |
CY2020Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
2664000 | |
CY2021Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
153000 | |
CY2020Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
747000 | |
CY2021Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2093000 | |
CY2020Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1926000 | |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
5381000 | |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
5337000 | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
68322000 | |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
68322000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
68322000 | |
CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
68322000 | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
43113000 | |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
40653000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1230000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1230000 | ||
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
44343000 | |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
23979000 | |
CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
26439000 | |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
615000 | |
CY2020Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
615000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1200000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1200000 | ||
CY2021Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3457000 | |
CY2020Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
5686000 | |
CY2021Q2 | eypt |
Accrued Clinical Expense Current
AccruedClinicalExpenseCurrent
|
259000 | |
CY2021Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
616000 | |
CY2020Q4 | eypt |
Accrued Clinical Expense Current
AccruedClinicalExpenseCurrent
|
0 | |
CY2020Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
647000 | |
CY2021Q2 | eypt |
Accrued Sales Chargebacks Rebates And Other Revenue Reserves
AccruedSalesChargebacksRebatesAndOtherRevenueReserves
|
2584000 | |
CY2020Q4 | eypt |
Accrued Sales Chargebacks Rebates And Other Revenue Reserves
AccruedSalesChargebacksRebatesAndOtherRevenueReserves
|
1109000 | |
CY2021Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2198000 | |
CY2020Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1003000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
442000 | ||
CY2021Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9114000 | |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
8445000 | |
us-gaap |
Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
|
P5Y | ||
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y9M18D | |
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.125 | |
CY2021Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
613000 | |
CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
568000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2013000 | |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2330000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2626000 | |
CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2898000 | |
CY2021Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
213000 | |
CY2020Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
213000 | |
CY2020Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
9000 | |
CY2021Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
9000 | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
427000 | ||
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
427000 | ||
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
18000 | ||
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
18000 | ||
CY2021Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
221000 | |
CY2020Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
215000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
430000 | ||
eypt |
Number Of Finance Leases
NumberOfFinanceLeases
|
2 | ||
CY2021Q2 | eypt |
Finance Lease Property And Equipment Gross
FinanceLeasePropertyAndEquipmentGross
|
239000 | |
CY2020Q4 | eypt |
Finance Lease Property And Equipment Gross
FinanceLeasePropertyAndEquipmentGross
|
239000 | |
CY2021Q2 | eypt |
Finance Lease Accumulated Amortization Property And Equipment
FinanceLeaseAccumulatedAmortizationPropertyAndEquipment
|
115000 | |
CY2020Q4 | eypt |
Finance Lease Accumulated Amortization Property And Equipment
FinanceLeaseAccumulatedAmortizationPropertyAndEquipment
|
52000 | |
CY2021Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
124000 | |
CY2020Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
187000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
95000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
119000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
35000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
71000 | |
CY2021Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
48683 | |
CY2020Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
12.33 | |
CY2021Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
130000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
190000 | |
CY2021Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
30000 | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
62000 | ||
CY2021Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
4000 | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
10000 | ||
CY2021Q2 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
4000 | |
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
10000 | ||
CY2021Q2 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
29000 | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
58000 | ||
CY2020Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
13000 | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
27000 | ||
CY2020Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
2000 | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
5000 | ||
CY2020Q2 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
2000 | |
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
4000 | ||
CY2020Q2 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
12000 | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
20000 | ||
CY2021Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y3M18D | |
CY2021Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.125 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
448000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
65000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
849000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
75000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
815000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
0 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
830000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
0 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
346000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
0 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3288000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
140000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
662000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
10000 | |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2626000 | |
CY2021Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
130000 | |
CY2020Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
48683 | |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
12.33 | |
CY2019Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
48683 | |
CY2019Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
12.33 | |
CY2021Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
12.33 | |
CY2020Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
48683 | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1180000 | |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
735000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2168000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1895000 | ||
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
10700000 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y7M20D | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2450203 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1572012 |