2023 Q4 Form 20-F Financial Statement

#000149315224013203 Filed on April 04, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.030M $912.0K $3.923M
YoY Change -3.83% -19.93% -15.74%
% of Gross Profit
Research & Development $1.121M $556.0K $3.569M
YoY Change -18.65% -86.89% -72.54%
% of Gross Profit
Depreciation & Amortization $6.000K $5.000K $31.00K
YoY Change -33.33% -37.5% -11.43%
% of Gross Profit
Operating Expenses $2.151M $1.468M $7.492M
YoY Change -12.17% -72.71% -57.55%
Operating Profit
YoY Change
Interest Expense $135.0K -$5.000K $591.0K
YoY Change -171.05% -116.67% -406.22%
% of Operating Profit
Other Income/Expense, Net $100.0K
YoY Change -146.51%
Pretax Income -$2.016M -$1.473M -$6.912M
YoY Change -23.61% -72.47% -61.31%
Income Tax
% Of Pretax Income
Net Earnings -$2.016M -$1.473M -$6.912M
YoY Change -23.61% -72.47% -61.31%
Net Earnings / Revenue
Basic Earnings Per Share $2.50
Diluted Earnings Per Share -$1.41 -$0.24 $2.50
COMMON SHARES
Basic Shares Outstanding 5.045M shares 2.770M shares
Diluted Shares Outstanding 2.770M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.64M $13.31M $12.64M
YoY Change -8.29% -30.71% -8.29%
Cash & Equivalents $2.900M $1.482M $2.861M
Short-Term Investments $9.781M $11.83M $9.781M
Other Short-Term Assets $117.0K $115.0K $432.0K
YoY Change 2.63% 0.88% -46.99%
Inventory
Prepaid Expenses $315.0K
Receivables $480.0K $770.0K
Other Receivables $480.0K $0.00
Total Short-Term Assets $13.24M $14.20M $13.24M
YoY Change -10.09% -30.67% -10.09%
LONG-TERM ASSETS
Property, Plant & Equipment $83.00K $175.0K $125.0K
YoY Change -27.19% -55.24% -62.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.265M $3.265M $3.265M
YoY Change 117.67% 117.67%
Other Assets
YoY Change
Total Long-Term Assets $3.390M $3.440M $3.390M
YoY Change 84.54% 779.8% 84.54%
TOTAL ASSETS
Total Short-Term Assets $13.24M $14.20M $13.24M
Total Long-Term Assets $3.390M $3.440M $3.390M
Total Assets $16.63M $17.64M $16.63M
YoY Change 0.41% -15.48% 0.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.879M $1.474M $1.879M
YoY Change -26.6% -68.96% -26.6%
Accrued Expenses
YoY Change
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 $2.750M $2.091M $2.750M
YoY Change -11.12% -58.44% -11.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.750M $2.091M $2.750M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.750M $2.091M $2.750M
YoY Change -12.36% -59.16% -12.36%
SHAREHOLDERS EQUITY
Retained Earnings -$193.0M
YoY Change 3.76%
Common Stock $209.0K
YoY Change 198.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.88M $15.55M $13.88M
YoY Change
Total Liabilities & Shareholders Equity $16.63M $17.64M $16.63M
YoY Change 0.41% -15.48% 0.41%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$2.016M -$1.473M -$6.912M
YoY Change -23.61% -72.47% -61.31%
Depreciation, Depletion And Amortization $6.000K $5.000K $31.00K
YoY Change -33.33% -37.5% -11.43%
Cash From Operating Activities -$898.0K -$2.179M -$6.137M
YoY Change -77.68% -30.03% -66.83%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $2.279M -$3.539M $800.0K
YoY Change 15.1% -169.05% -95.45%
Cash From Investing Activities $2.279M -$3.539M $800.0K
YoY Change 15.16% -169.05% -95.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.185M $0.00
YoY Change 8735.71%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 6.185M $6.185M
YoY Change 8735.71% 8735.71%
NET CHANGE
Cash From Operating Activities -898.0K -2.179M -$6.137M
Cash From Investing Activities 2.279M -3.539M $800.0K
Cash From Financing Activities 0.000 6.185M $6.185M
Net Change In Cash 1.381M 467.0K $848.0K
YoY Change -167.53% -77.56% -197.7%
FREE CASH FLOW
Cash From Operating Activities -$898.0K -$2.179M -$6.137M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$898.0K -$2.179M -$6.137M
YoY Change -77.69% -30.03% -66.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001595353
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
usd
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
usd
CY2023 GLMD Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
usd
CY2022 GLMD Interest Income From Shortterm Deposits
InterestIncomeFromShorttermDeposits
usd
CY2022 GLMD Change In Fair Value Convertible Note
ChangeInFairValueConvertibleNote
usd
CY2021 GLMD Change In Fair Value Convertible Note
ChangeInFairValueConvertibleNote
usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
CY2023 GLMD Increase Decrease In Restricted Deposits
IncreaseDecreaseInRestrictedDeposits
usd
CY2022 GLMD Increase Decrease In Restricted Deposits
IncreaseDecreaseInRestrictedDeposits
usd
CY2023 GLMD Payments For Proceeds From Investment In Convertible Note
PaymentsForProceedsFromInvestmentInConvertibleNote
usd
CY2021 GLMD Payments For Proceeds From Investment In Convertible Note
PaymentsForProceedsFromInvestmentInConvertibleNote
usd
CY2022 GLMD Payments For Proceeds From Investment In Associate
PaymentsForProceedsFromInvestmentInAssociate
usd
CY2021 GLMD Payments For Proceeds From Investment In Associate
PaymentsForProceedsFromInvestmentInAssociate
usd
CY2022 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
CY2022 GLMD Issuance Of Ordinary Shares Prefunded Warrants And Warrants Net Of Issuance Costs
IssuanceOfOrdinarySharesPrefundedWarrantsAndWarrantsNetOfIssuanceCosts
usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022 GLMD Conversion Of Convertible Note Into Investment In Associate
ConversionOfConvertibleNoteIntoInvestmentInAssociate
usd
CY2021 GLMD Conversion Of Convertible Note Into Investment In Associate
ConversionOfConvertibleNoteIntoInvestmentInAssociate
usd
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
usd
CY2022 GLMD Change In Fair Value Of Convertible Note
ChangeInFairValueOfConvertibleNote
usd
CY2021 GLMD Change In Fair Value Of Convertible Note
ChangeInFairValueOfConvertibleNote
usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2023 dei Document Type
DocumentType
20-F
CY2023 dei Document Registration Statement
DocumentRegistrationStatement
false
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Document Shell Company Report
DocumentShellCompanyReport
false
CY2023 dei Entity File Number
EntityFileNumber
001-36345
CY2023 dei Entity Registrant Name
EntityRegistrantName
GALMED PHARMACEUTICALS LTD.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
L3
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
16 Abba Hillel Road
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Ramat Gan
CY2023 dei Entity Address Country
EntityAddressCountry
IL
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
5250608
CY2023 dei Security12b Title
Security12bTitle
Ordinary shares, par value NIS 0.15 per share
CY2023 dei Trading Symbol
TradingSymbol
GLMD
CY2023 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5045324 shares
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023 dei Auditor Firm
AuditorFirmId
1197
CY2023 dei Auditor Name
AuditorName
Brightman Almagor Zohar & Co.
CY2023 dei Auditor Location
AuditorLocation
Tel Aviv, Israel
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2861000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2016000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
117000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
114000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
2253000 usd
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
7528000 usd
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
11769000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
480000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
825000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
13239000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
14724000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
223000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
83000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
114000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3265000 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
1500000 usd
CY2023Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
3390000 usd
CY2022Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
1837000 usd
CY2023Q4 us-gaap Assets
Assets
16629000 usd
CY2022Q4 us-gaap Assets
Assets
16561000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1879000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2560000 usd
CY2023Q4 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
871000 usd
CY2022Q4 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
534000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2750000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3094000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
44000 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
44000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.15
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.15
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5045324 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5045324 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1692342 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1692342 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
209000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
70000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
207076000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
200138000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-454000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-745000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-192952000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-186040000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
13879000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
13423000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16629000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16561000 usd
CY2023 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 for 15 reverse share split
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3569000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
12995000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27220000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3923000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4656000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5661000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
7492000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
17651000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
32881000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
580000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-215000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
414000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-6912000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-17866000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-32467000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.50
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.50
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.65
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.65
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
19.80
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
19.80
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2769539 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2769539 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1676183 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1676183 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1639843 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1639843 shares
CY2023 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 for 15 reverse share split
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6137000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18501000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-32892000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-6912000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-17866000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-32467000 usd
CY2023 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
291000 usd
CY2022 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-574000 usd
CY2021 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-443000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-6621000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-18440000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-32910000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
44153000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
1886000 usd
CY2021 GLMD Issuance Of Ordinary Shares In At The Market At Offering Net Of Issuance Costs
IssuanceOfOrdinarySharesInAtTheMarketAtOfferingNetOfIssuanceCosts
8147000 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
9221000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-443000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-32467000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
30497000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
1296000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
70000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-574000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-17866000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
13423000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
13423000 usd
CY2023 GLMD Warrants Net Of Issuance Costs
WarrantsNetOfIssuanceCosts
815000 usd
CY2023 GLMD Stock Issued During Period Value Ordinary Shares Prefunded Warrants And Warrants Net Of Issuance Costs
StockIssuedDuringPeriodValueOrdinarySharesPrefundedWarrantsAndWarrantsNetOfIssuanceCosts
6185000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
892000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
291000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-6912000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
13879000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
13879000 usd
CY2023 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 for 15 reverse share split
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-6912000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-17866000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-32467000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
35000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42000 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
19000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-2000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
121000 usd
CY2023 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-13000 usd
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-523000 usd
CY2021 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
37000 usd
CY2023 GLMD Proceeds Finance Lease Interest Expense Income
ProceedsFinanceLeaseInterestExpenseIncome
6000 usd
CY2022 GLMD Proceeds Finance Lease Interest Expense Income
ProceedsFinanceLeaseInterestExpenseIncome
-36000 usd
CY2021 GLMD Proceeds Finance Lease Interest Expense Income
ProceedsFinanceLeaseInterestExpenseIncome
6000 usd
CY2023 GLMD Interest Income From Shortterm Deposits
InterestIncomeFromShorttermDeposits
53000 usd
CY2021 GLMD Interest Income From Shortterm Deposits
InterestIncomeFromShorttermDeposits
-7000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
892000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1296000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1886000 usd
CY2023 GLMD Change In Fair Value Convertible Note
ChangeInFairValueConvertibleNote
265000 usd
CY2023 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-345000 usd
CY2022 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-300000 usd
CY2021 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
313000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-681000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2311000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2175000 usd
CY2023 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
468000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-440000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
38000 usd
CY2021 GLMD Increase Decrease In Restricted Deposits
IncreaseDecreaseInRestrictedDeposits
1000 usd
CY2023 GLMD Payments For Investment In Available For Sale Securities
PaymentsForInvestmentInAvailableForSaleSecurities
4133000 usd
CY2022 GLMD Payments For Investment In Available For Sale Securities
PaymentsForInvestmentInAvailableForSaleSecurities
2373000 usd
CY2021 GLMD Payments For Investment In Available For Sale Securities
PaymentsForInvestmentInAvailableForSaleSecurities
13569000 usd
CY2022 GLMD Payments For Proceeds From Investment In Convertible Note
PaymentsForProceedsFromInvestmentInConvertibleNote
1500000 usd
CY2023 GLMD Payments For Proceeds From Investment In Associate
PaymentsForProceedsFromInvestmentInAssociate
1500000 usd
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
8633000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
21440000 usd
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
21243000 usd
CY2023 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
2200000 usd
CY2021 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-3800000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
800000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
17563000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11462000 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
70000 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
8147000 usd
CY2023 GLMD Issuance Of Ordinary Shares Prefunded Warrants And Warrants Net Of Issuance Costs
IssuanceOfOrdinarySharesPrefundedWarrantsAndWarrantsNetOfIssuanceCosts
-6185000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9221000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6185000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
70000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17368000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
848000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-868000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4062000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2130000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2998000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7060000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2978000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2130000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2998000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
376000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
297000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
562000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
199000 usd
CY2023 GLMD Conversion Of Convertible Note Into Investment In Associate
ConversionOfConvertibleNoteIntoInvestmentInAssociate
1765000 usd
CY2023 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2013-07-31
CY2023 us-gaap Operations Commenced Date1
OperationsCommencedDate1
2014-02-02
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2900000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
2300000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
7500000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
32400000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
17900000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
6900000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-193000000.0 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
7982000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_zzqlevzFSGd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>B.</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zLy9zFeMBtW3">Use of estimates</span></b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>GALMED PHARMACEUTICALS LTD.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Notes to Consolidated Financial Statements</b></span></p> <div style="margin-left: auto; margin-right: auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 2 – Significant Accounting Policies (Cont.)</b></span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zOK8xoVNiqCj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>H.</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_869_zavLyP0HdQY5" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Concentrations of credit risk (Cont.)</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments which potentially subject the Company to credit risk consist primarily of cash, cash equivalents, marketable debt securities and short-term deposits. The Company hold these investments in highly-rated financial institutions, and, by policy, limit the amounts of credit exposure to any one financial institution. These amounts at times may exceed federally insured limits. The Company has not experienced any credit losses in such accounts and does not believe we are exposed to any significant credit risk on these funds. The Company has no off-balance sheet concentrations of credit risk, such as foreign currency exchange contracts, option contracts, or other hedging arrangements.</span></p>
CY2023Q4 us-gaap Property Plant And Equipment Salvage Value
PropertyPlantAndEquipmentSalvageValue
30000.00 usd
CY2023 GLMD Monthly Deposits Of Employees Percentage On Monthly Salary
MonthlyDepositsOfEmployeesPercentageOnMonthlySalary
0.0833 pure
CY2023 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
16000 usd
CY2023 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
470000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
6667 shares
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
7528000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
12514000 usd
CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
30000 usd
CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
775000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
11769000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
315000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
668000 usd
CY2023Q4 us-gaap Grants Receivable
GrantsReceivable
47000 usd
CY2022Q4 us-gaap Grants Receivable
GrantsReceivable
124000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
118000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
33000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
480000 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
825000 usd
CY2023Q4 us-gaap Area Of Land
AreaOfLand
590 sqft
CY2023 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-03-21
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
44000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
41000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
223000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
216000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y3M
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.023 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
42000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
41000 usd
CY2023Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
737000 usd
CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
737000 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
55000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
54000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
75000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
76000 usd
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
235000 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
235000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1102000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1102000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1019000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
988000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
83000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
114000 usd
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
60000000 usd
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
100000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
571000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
160000 usd
CY2023Q4 GLMD Shortterm Lease Obligation
ShorttermLeaseObligation
41000 usd
CY2022Q4 GLMD Shortterm Lease Obligation
ShorttermLeaseObligation
171000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
7000 usd
CY2023Q4 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
259000 usd
CY2022Q4 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
196000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
871000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
534000 usd
CY2023 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2800000 usd
CY2022 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2800000 usd
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
4100000 usd
CY2023 GLMD Bank Lien On Marketable Securities
BankLienOnMarketableSecurities
117000 usd
CY2021Q2 GLMD Upfront License Fee
UpfrontLicenseFee
100000 usd
CY2023Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
380000000 shares
CY2023Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6200000 usd
CY2021Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1249 shares
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1000 usd
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3000 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
62.4
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2021 GLMD Interest Income
InterestIncome
-562000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
46.5
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
200000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2500 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
42.45
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
10000.00 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2667 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
24.15
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y
CY2023 us-gaap Other Expenses
OtherExpenses
100000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
75000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
75000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.05
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
900000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
21654 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1000.000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
21654 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
200000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3569000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
12995000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27220000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3923000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4656000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5661000 usd
CY2023 GLMD Bank Fees
BankFees
-11000 usd
CY2022 GLMD Bank Fees
BankFees
-22000 usd
CY2021 GLMD Bank Fees
BankFees
-43000 usd
CY2023 GLMD Interest Income
InterestIncome
-375000 usd
CY2022 GLMD Interest Income
InterestIncome
-297000 usd
CY2023 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
13000 usd
CY2022 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
526000 usd
CY2021 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
80000 usd
CY2023 GLMD Change In Fair Value Of Convertible Note
ChangeInFairValueOfConvertibleNote
-265000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
36000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-36000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
25000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
580000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-215000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
414000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
165100000 usd
CY2023Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
165100000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6912000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17866000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-32467000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.23 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.12 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.12 pure
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1590000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2144000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3896000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1590000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2144000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3896000 usd

Files In Submission

Name View Source Status
0001493152-24-013203-index-headers.html Edgar Link pending
0001493152-24-013203-index.html Edgar Link pending
0001493152-24-013203.txt Edgar Link pending
0001493152-24-013203-xbrl.zip Edgar Link pending
ex12-1.htm Edgar Link pending
ex12-2.htm Edgar Link pending
ex13-1.htm Edgar Link pending
ex15-1.htm Edgar Link pending
ex2-1.htm Edgar Link pending
ex8-1.htm Edgar Link pending
ex97-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form20-f.htm Edgar Link pending
form20-f_001.jpg Edgar Link pending
form20-f_002.jpg Edgar Link pending
form20-f_003.jpg Edgar Link pending
form20-f_004.jpg Edgar Link pending
form20-f_005.jpg Edgar Link pending
glmd-20231231.xsd Edgar Link pending
form20-f_htm.xml Edgar Link completed
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
glmd-20231231_cal.xml Edgar Link unprocessable
glmd-20231231_def.xml Edgar Link unprocessable
glmd-20231231_lab.xml Edgar Link unprocessable
glmd-20231231_pre.xml Edgar Link unprocessable