2015 Q1 Form 10-K Financial Statement
#000119312515093802 Filed on March 16, 2015
Income Statement
Concept | 2015 Q1 | 2014 Q4 | 2014 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.900M | $2.120M | $1.648M |
YoY Change | 55.11% | 158.54% | 106.0% |
% of Gross Profit | |||
Research & Development | $5.208M | $5.280M | $5.051M |
YoY Change | 34.16% | 69.23% | 71.02% |
% of Gross Profit | |||
Depreciation & Amortization | $44.25K | $50.00K | $40.79K |
YoY Change | 27.8% | 66.67% | 22.47% |
% of Gross Profit | |||
Operating Expenses | $5.208M | $7.400M | $6.699M |
YoY Change | 1.98% | 87.82% | 78.48% |
Operating Profit | -$7.113M | -$6.699M | |
YoY Change | 39.28% | 81.01% | |
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $3.564K | $4.827K | |
YoY Change | -25.33% | 30068.75% | |
Pretax Income | -$7.110M | -$7.390M | -$6.694M |
YoY Change | 39.41% | 90.96% | 80.88% |
Income Tax | $0.00 | -$76.76K | |
% Of Pretax Income | |||
Net Earnings | -$7.109M | -$7.394M | -$6.618M |
YoY Change | 39.34% | 91.19% | 78.81% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.39 | -$0.35 | |
Diluted Earnings Per Share | -$375.0K | -$0.39 | -$0.35 |
COMMON SHARES | |||
Basic Shares Outstanding | 18.99M shares | 18.89M shares | 18.89M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q1 | 2014 Q4 | 2014 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $46.60M | $55.20M | $61.40M |
YoY Change | -18.25% | 2300.0% | |
Cash & Equivalents | $46.57M | $55.20M | $61.36M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $800.0K | $900.0K | $600.0K |
YoY Change | 14.29% | -65.38% | |
Inventory | |||
Prepaid Expenses | $704.4K | $819.9K | $507.7K |
Receivables | |||
Other Receivables | $1.000K | $22.33K | $22.39K |
Total Short-Term Assets | $47.34M | $56.12M | $61.95M |
YoY Change | -17.93% | 1049.04% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $420.4K | $452.3K | $481.9K |
YoY Change | 10.89% | 13.12% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $700.0K | $700.0K | |
YoY Change | |||
Total Long-Term Assets | $1.117M | $1.149M | $481.9K |
YoY Change | 194.62% | 187.34% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $47.34M | $56.12M | $61.95M |
Total Long-Term Assets | $1.117M | $1.149M | $481.9K |
Total Assets | $48.46M | $57.26M | $62.43M |
YoY Change | -16.54% | 983.83% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.183M | $874.0K | $583.7K |
YoY Change | -34.14% | -23.66% | |
Accrued Expenses | $2.626M | $4.736M | $3.446M |
YoY Change | 369.0% | 590.59% | |
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 | $4.104M | $6.461M | $4.714M |
YoY Change | 55.31% | 183.44% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.104M | $6.461M | $4.714M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $4.104M | $6.461M | $4.723M |
YoY Change | 51.43% | 171.9% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$81.51M | -$74.40M | -$67.00M |
YoY Change | 17.58% | ||
Common Stock | $19.01K | $125.2M | $18.90K |
YoY Change | 1.2% | 8767435.22% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $44.36M | $50.80M | $57.71M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $48.46M | $57.26M | $62.43M |
YoY Change | -16.54% | 983.83% |
Cashflow Statement
Concept | 2015 Q1 | 2014 Q4 | 2014 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$7.109M | -$7.394M | -$6.618M |
YoY Change | 39.34% | 91.19% | 78.81% |
Depreciation, Depletion And Amortization | $44.25K | $50.00K | $40.79K |
YoY Change | 27.8% | 66.67% | 22.47% |
Cash From Operating Activities | -$8.710M | -$6.150M | -$4.760M |
YoY Change | 236.68% | 10.41% | 40.41% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $2.339K | -$10.00K | -$100.0K |
YoY Change | -83.2% | 0.0% | 150.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | $0.00 | -$10.00K | -$100.0K |
YoY Change | -100.0% | 0.0% | 150.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 80.00K | 0.000 | 0.000 |
YoY Change | -99.86% | -100.0% | -100.0% |
NET CHANGE | |||
Cash From Operating Activities | -8.710M | -6.150M | -4.760M |
Cash From Investing Activities | 0.000 | -10.00K | -100.0K |
Cash From Financing Activities | 80.00K | 0.000 | 0.000 |
Net Change In Cash | -8.630M | -6.160M | -4.860M |
YoY Change | -115.79% | 14.5% | 57.28% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.710M | -$6.150M | -$4.760M |
Capital Expenditures | $2.339K | -$10.00K | -$100.0K |
Free Cash Flow | -$8.712M | -$6.140M | -$4.660M |
YoY Change | 234.97% | 10.43% | 39.1% |
Facts In Submission
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CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.000 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.415 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.001 | pure |
CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1196162 | shares |
CY2013 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-8.87 | |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0.077 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
0.044 | pure |
CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1196162 | shares |
CY2013 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1976891 | |
CY2013 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
558932 | |
CY2013 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-10606480 | |
CY2013 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
894 | |
CY2013 | us-gaap |
Revenues
Revenues
|
3992649 | |
CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
82091 | |
CY2013 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10605586 | |
CY2013 | us-gaap |
Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
|
90518 | |
CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
425689 | |
CY2013 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
425689 | |
CY2013 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-3992649 | |
CY2013 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
11701155 | |
CY2013 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2897974 | |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-15062229 | |
CY2013 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
369938 | |
CY2013 | us-gaap |
Depreciation
Depreciation
|
133051 | |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
558932 | |
CY2013 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
425689 | |
CY2013 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
187134 | |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-82091 | |
CY2013 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
14599129 | |
CY2013 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
380700 | |
CY2013 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2013 | glyc |
Number Of Warrants Exercised
NumberOfWarrantsExercised
|
0 | shares |
CY2013 | glyc |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
558932 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
6.70 | |
CY2014 | us-gaap |
Tax Credit Carryforward Expiration Date
TaxCreditCarryforwardExpirationDate
|
2026-12-31 | |
CY2014 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2014 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.60 | |
CY2014 | us-gaap |
Property Plant And Equipment Basis Of Valuation
PropertyPlantAndEquipmentBasisOfValuation
|
Cost | |
CY2014 | dei |
Document Type
DocumentType
|
10-K | |
CY2014 | dei |
Entity Registrant Name
EntityRegistrantName
|
GLYCOMIMETICS INC | |
CY2014 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2014 | dei |
Trading Symbol
TradingSymbol
|
GLYC | |
CY2014 | us-gaap |
Operations Commenced Date1
OperationsCommencedDate1
|
2003-05-21 | |
CY2014 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2003-04-04 | |
CY2014 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.024 | pure |
CY2014 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b>1. Description of the Business</b></p> <!-- xbrl,body --> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> GlycoMimetics, Inc. (the Company), a Delaware corporation headquartered in Gaithersburg, Maryland, was incorporated on April 4, 2003 and commenced operations on May 21, 2003. The company is a clinical stage biotechnology company focused on the discovery and development of novel glycomimetic drugs to address unmet medical needs resulting from diseases in which carbohydrate biology plays a key role. Glycomimetics are molecules that mimic the structure of carbohydrates involved in important biological processes. Using its expertise in carbohydrate chemistry and knowledge of carbohydrate biology, the Company is developing a pipeline of proprietary glycomimetics that inhibit disease-related functions of carbohydrates, such as the roles they play in inflammation, cancer and infection.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> On January 15, 2014, the Company completed an initial public offering of its common stock, which resulted in the sale of 8,050,000 shares, including all additional shares available to cover over-allotments, at a price to the public of $8.00 per share. The Company received net proceeds of approximately $57.2 million.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company’s executive personnel have devoted substantially all of their time to date to the planning and organization of the Company, the process of hiring scientists, initiating research and development programs and securing adequate capital for anticipated growth and operations. The Company has not commercialized any of its product candidates and planned commercial operations have not commenced. The Company has incurred significant losses in the development of its product candidates. The losses in prior periods were primarily attributable to the research and development of the Company’s lead drug candidate, rivipansel, and the preclinical and manufacturing expenses related to GMI-1271. The Company has not generated revenues from product sales. As a result, the Company has consistently reported negative cash flows from operating activities and net losses, had an accumulated deficit of $74,396,975 at December 31, 2014 and expects to continue incurring losses for the foreseeable future. The Company currently anticipates that its cash and cash equivalents will be sufficient to meet its anticipated cash requirements into the second half of 2016.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company’s operations are subject to certain risks and uncertainties. The risks include the need to manage growth, the need to retain key personnel, the need to protect intellectual property, the availability of additional capital financing on terms acceptable to the Company and reliance on its collaboration with Pfizer. The Company’s current operating assumptions and projections, which reflect management’s best estimate of future revenue and operating expenses, indicate that anticipated operating expenditures into the second half of 2016 can be met by available working capital; however, the Company’s ability to meet its projections is subject to uncertainties, and there can be no assurance that the Company’s current projections will be accurate. If the Company’s cash requirements are more than projected, the Company may require additional financing. The type, timing and terms of financing selected by the Company, if required, will be dependent upon the Company’s cash needs, the availability of financing sources and the prevailing conditions in the financial markets. There can be no assurance that such financing will be available to the Company at any given time or available on favorable terms.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Management believes that the Company has access to capital resources through private investments of equity from its existing stockholders. However, it has not secured any commitment for new financing as of the date of this report, nor can it provide any assurance that new financing will be available on commercially acceptable terms, if at all. If the Company is unable to secure additional capital, it will be required to curtail its operations, and if these measures fail, it may not be able to continue its business. Curtailment of operations would cause significant delays in the Company’s efforts to introduce its products to market, which is critical to the realization of its business plan and the future operations of the Company.</p> </div> | |
CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-4281587 | |
CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | |
CY2014 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
0.3 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.046 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.000 | pure |
CY2014 | us-gaap |
Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
|
P5Y | |
CY2014 | us-gaap |
Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
|
Straight-line basis | |
CY2014 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Although actual results could differ from those estimates, management does not believe that such differences would be material.</p> </div> | |
CY2014 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-12-31 | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.558 | pure |
CY2014 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2014 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18452252 | shares |
CY2014 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.60 | |
CY2014 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001253689 | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0.074 | pure |
CY2014 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2014 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Concentration of Credit Risk</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Credit risk represents the risk that the Company would incur a loss if counterparties failed to perform pursuant to the terms of their agreements. Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents. Cash and cash equivalents consist of certificates of deposit and money market funds with major financial institutions in the United States. These deposits and funds may be redeemed upon demand and, therefore, bear minimal risk. The Company does not anticipate any losses on such balances.</p> </div> | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
0.013 | pure |
CY2014 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18452252 | shares |
CY2014 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
57248219 | |
CY2014 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1656823 | |
CY2014 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-1424 | |
CY2014 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11139807 | |
CY2014 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
80000 | |
CY2014 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
18241 | |
CY2014 | us-gaap |
Revenues
Revenues
|
15027004 | |
CY2014 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
212603 | |
CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11121566 | |
CY2014 | us-gaap |
Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
|
103935 | |
CY2014 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1635065 | |
CY2014 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1635065 | |
CY2014 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
19571073 | |
CY2014 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
6595738 | |
CY2014 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
52888320 | |
CY2014 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
385668 | |
CY2014 | us-gaap |
Depreciation
Depreciation
|
158708 | |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
57382510 | |
CY2014 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
57248219 | |
CY2014 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
1635065 | |
CY2014 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
4459292 | |
CY2014 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-212603 | |
CY2014 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
26166811 | |
CY2014 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-270867 | |
CY2014 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2014 | glyc |
Warrants Exercised Weighted Average Exercise Price
WarrantsExercisedWeightedAverageExercisePrice
|
0.33 | |
CY2014 | glyc |
Operating Lease Agreements Expiring Date
OperatingLeaseAgreementsExpiringDate
|
2015-10 | |
CY2014 | glyc |
Lease Agreement Date Of Commencement
LeaseAgreementDateOfCommencement
|
2015-11-01 | |
CY2014 | glyc |
Stockholder Equity Reverse Stock Split Effective Date
StockholderEquityReverseStockSplitEffectiveDate
|
2013-10-25 | |
CY2014 | glyc |
Lease Effective Date
LeaseEffectiveDate
|
2014-07-23 | |
CY2014 | glyc |
Number Of Leases
NumberOfLeases
|
2 | Lease |
CY2014 | glyc |
Number Of Warrants Exercised
NumberOfWarrantsExercised
|
44654 | shares |
CY2014 | glyc |
Warrant Expiry Period
WarrantExpiryPeriod
|
2016-10 | |
CY2014 | glyc |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
134291 | |
CY2014 | glyc |
Exercise Of Warrants And Stock Options Values
ExerciseOfWarrantsAndStockOptionsValues
|
134291 | |
CY2014 | glyc |
Increase Decrease In Prepaid Research And Development Expenses
IncreaseDecreaseInPrepaidResearchAndDevelopmentExpenses
|
696531 | |
CY2014 | glyc |
Effect Tax Rate Reconciliation Orphan Tax Credits
EffectTaxRateReconciliationOrphanTaxCredits
|
0.087 | pure |
CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
260913 | shares |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-10473399 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.055 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.000 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.396 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.001 | pure |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
520641 | shares |
CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11016532 | shares |
CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.93 | |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
9305359 | shares |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | pure |
CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
929619 | shares |
CY2012 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
10000 | |
CY2012 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
83453 | |
CY2012 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
237 | |
CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3635029 | |
CY2012 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
20993 | |
CY2012 | us-gaap |
Revenues
Revenues
|
15257351 | |
CY2012 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
316180 | |
CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3656022 | |
CY2012 | us-gaap |
Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
|
48827 | |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
415208 | |
CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
415208 | |
CY2012 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-14757351 | |
CY2012 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9438400 | |
CY2012 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2183922 | |
CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-10799342 | |
CY2012 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
321140 | |
CY2012 | us-gaap |
Depreciation
Depreciation
|
99923 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
237 | |
CY2012 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
415208 | |
CY2012 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
16481 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-326180 | |
CY2012 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
11622322 | |
CY2012 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
228598 | |
CY2012 | glyc |
Number Of Warrants Exercised
NumberOfWarrantsExercised
|
0 | shares |
CY2012 | glyc |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
237 | |
CY2013Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2013Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.49 | |
CY2013Q1 | us-gaap |
Revenues
Revenues
|
3807591 | |
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
459687 | |
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.30 | |
CY2014Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.30 | |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5101850 | |
CY2013Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.70 | |
CY2013Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.70 | |
CY2013Q2 | us-gaap |
Revenues
Revenues
|
55074 | |
CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3497060 | |
CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.39 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.42 | |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
15027004 | |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7991721 | |
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.00 | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.00 | |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
52571 | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3700885 | |
CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.35 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6617577 | |
CY2013Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.80 | |
CY2013Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.80 | |
CY2013Q4 | us-gaap |
Revenues
Revenues
|
77413 | |
CY2013Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3867328 | |
CY2014Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.39 | |
CY2014Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.39 | |
CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7393860 |