2022 Q4 Form 10-Q Financial Statement
#000095017022024525 Filed on November 10, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $5.543M | $4.577M | $3.064M |
YoY Change | 105.91% | 49.38% | |
% of Gross Profit | |||
Research & Development | $17.56M | $13.32M | $39.29M |
YoY Change | 109.22% | -66.11% | |
% of Gross Profit | |||
Depreciation & Amortization | $1.000K | $0.00 | $1.000K |
YoY Change | -50.0% | -100.0% | |
% of Gross Profit | |||
Operating Expenses | $23.10M | $17.89M | $42.35M |
YoY Change | 108.61% | -57.76% | |
Operating Profit | -$17.89M | -$39.68M | |
YoY Change | -54.9% | ||
Interest Expense | $1.961M | $205.0K | -$734.0K |
YoY Change | -192.94% | -127.93% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$50.00K | $1.087M | -$21.99M |
YoY Change | -99.79% | -104.94% | |
Pretax Income | -$21.19M | -$16.81M | -$65.08M |
YoY Change | -43.24% | -74.18% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$21.19M | -$16.81M | -$65.08M |
YoY Change | -43.24% | -74.18% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.45 | -$10.03 | |
Diluted Earnings Per Share | -$0.56 | -$0.45 | -$2.055M |
COMMON SHARES | |||
Basic Shares Outstanding | 33.35M | 33.43M | 6.167M |
Diluted Shares Outstanding | 37.32M | 6.167M |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $279.4M | $292.1M | $129.6M |
YoY Change | 124.3% | 125.39% | |
Cash & Equivalents | $279.4M | $292.1M | $129.6M |
Short-Term Investments | |||
Other Short-Term Assets | $11.21M | $8.094M | $49.00K |
YoY Change | 7851.77% | 16418.37% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $290.6M | $300.2M | $129.6M |
YoY Change | 133.04% | 131.55% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.586M | $600.0K | $207.0K |
YoY Change | 13200.0% | 189.86% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $22.00K | $21.00K | $332.0K |
YoY Change | -99.01% | -93.67% | |
Total Long-Term Assets | $26.60M | $21.92M | $539.0K |
YoY Change | 984.75% | 3967.16% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $290.6M | $300.2M | $129.6M |
Total Long-Term Assets | $26.60M | $21.92M | $539.0K |
Total Assets | $317.2M | $322.1M | $130.2M |
YoY Change | 149.46% | 147.43% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.744M | $875.0K | $1.225M |
YoY Change | 363.28% | -28.57% | |
Accrued Expenses | $8.210M | $7.700M | $1.683M |
YoY Change | -10.41% | 357.52% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $139.5M |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $13.05M | $8.633M | $193.5M |
YoY Change | -94.27% | -95.54% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $14.79M | $4.737M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $575.0K | $379.0K | $160.0K |
YoY Change | 57400.0% | 136.88% | |
Total Long-Term Liabilities | $15.37M | $5.116M | $160.0K |
YoY Change | 1536600.0% | 3097.5% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $13.05M | $8.633M | $193.5M |
Total Long-Term Liabilities | $15.37M | $5.116M | $160.0K |
Total Liabilities | $49.98M | $34.88M | $193.7M |
YoY Change | -78.07% | -81.99% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$265.0M | -$243.8M | |
YoY Change | 151.93% | ||
Common Stock | $532.5M | $531.0M | |
YoY Change | 11928.53% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $267.2M | $287.2M | -$63.50M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $317.2M | $322.1M | $130.2M |
YoY Change | 149.46% | 147.43% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$21.19M | -$16.81M | -$65.08M |
YoY Change | -43.24% | -74.18% | |
Depreciation, Depletion And Amortization | $1.000K | $0.00 | $1.000K |
YoY Change | -50.0% | -100.0% | |
Cash From Operating Activities | -$18.52M | -$19.55M | -$2.684M |
YoY Change | 341.51% | 628.28% | 179.58% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $3.829M | -$185.0K | -$15.00K |
YoY Change | -12863.33% | 1133.33% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$2.763M |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$3.829M | -$185.0K | -$2.778M |
YoY Change | 12663.33% | -93.34% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $1.000K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 9.687M | -2.820M | 135.0M |
YoY Change | -1327.76% | -102.09% | 13006.89% |
NET CHANGE | |||
Cash From Operating Activities | -18.52M | -19.55M | -2.684M |
Cash From Investing Activities | -3.829M | -185.0K | -2.778M |
Cash From Financing Activities | 9.687M | -2.820M | 135.0M |
Net Change In Cash | -12.66M | -22.55M | 129.5M |
YoY Change | 152.52% | -117.41% | 184955.71% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$18.52M | -$19.55M | -$2.684M |
Capital Expenditures | $3.829M | -$185.0K | -$15.00K |
Free Cash Flow | -$22.35M | -$19.36M | -$2.669M |
YoY Change | 436.65% | 625.44% | 178.02% |
Facts In Submission
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NonoperatingIncomeExpense
|
-22728000 | ||
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16805000 | |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-61868000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-138621000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-65081000 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.45 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.45 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-10.03 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-10.03 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.86 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5.86 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-12.26 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-12.26 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
37323626 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
37323626 | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6166500 | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6166500 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23640388 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23640388 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5306710 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5306710 | ||
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
303154000 | |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
844000 | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16805000 | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
287193000 | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5986000 | |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1000 | |
CY2021Q3 | hlvx |
Stock Issued During Period Value Vesting Of Restricted Shares
StockIssuedDuringPeriodValueVestingOfRestrictedShares
|
1000 | |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-61868000 | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-63497000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-100757000 | |
hlvx |
Stock Issued During Period Value Conversion Of Notes And Accrued Interest Into Common Shares
StockIssuedDuringPeriodValueConversionOfNotesAndAccruedInterestIntoCommonShares
|
215364000 | ||
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
100020000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1672000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-138621000 | ||
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
287193000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2773000 | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1000 | ||
hlvx |
Vesting Restrictions Placed On Previously Issued And Outstanding Common Stock
VestingRestrictionsPlacedOnPreviouslyIssuedAndOutstandingCommonStock
|
1000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-65081000 | ||
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-63497000 | |
us-gaap |
Profit Loss
ProfitLoss
|
-138621000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-65081000 | ||
us-gaap |
Depreciation
Depreciation
|
1000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1672000 | ||
hlvx |
Change In Fair Value Of Convertible Promissory Notes Related Party
ChangeInFairValueOfConvertiblePromissoryNotesRelatedParty
|
13196000 | ||
hlvx |
Change In Fair Value Of Convertible Promissory Notes Related Party
ChangeInFairValueOfConvertiblePromissoryNotesRelatedParty
|
1435000 | ||
hlvx |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
51469000 | ||
hlvx |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
1392000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
43575000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
20598000 | ||
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
182000 | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
48000 | ||
hlvx |
Research And Development In Process With Related Party
ResearchAndDevelopmentInProcessWithRelatedParty
|
2500000 | ||
hlvx |
Research And Development In Process With Related Party
ResearchAndDevelopmentInProcessWithRelatedParty
|
37666000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-42000 | ||
hlvx |
Increase Decrease In Prepaid Expenses And Other Assets Related Parties Current
IncreaseDecreaseInPrepaidExpensesAndOtherAssetsRelatedPartiesCurrent
|
0 | ||
hlvx |
Increase Decrease In Prepaid Expenses And Other Assets Related Parties Current
IncreaseDecreaseInPrepaidExpensesAndOtherAssetsRelatedPartiesCurrent
|
47000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
7951000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
24000 | ||
hlvx |
Increase Decrease In Accounts Payable Accrued Expenses And Other Long Term Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLongTermLiabilitiesRelatedParties
|
-4137000 | ||
hlvx |
Increase Decrease In Accounts Payable Accrued Expenses And Other Long Term Liabilities Related Parties
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLongTermLiabilitiesRelatedParties
|
-89000 | ||
hlvx |
Increase Decrease In Accounts Payable Accrued Liabilities And Other Long Term Liabilities
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLongTermLiabilities
|
-713000 | ||
hlvx |
Increase Decrease In Accounts Payable Accrued Liabilities And Other Long Term Liabilities
IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLongTermLiabilities
|
1616000 | ||
hlvx |
Increase Decrease In Interest Payable Related Parties
IncreaseDecreaseInInterestPayableRelatedParties
|
717000 | ||
hlvx |
Increase Decrease In Interest Payable Related Parties
IncreaseDecreaseInInterestPayableRelatedParties
|
205000 | ||
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
2823000 | ||
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
734000 | ||
hlvx |
Increase Decrease In Operating Lease Right Of Use Assets And Liabilities
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilities
|
1502000 | ||
hlvx |
Increase Decrease In Operating Lease Right Of Use Assets And Liabilities
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilities
|
-3000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-43472000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3101000 | ||
us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
2500000 | ||
us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
2763000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
185000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2685000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2778000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000 | ||
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
230006000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
19389000 | ||
us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
4665000 | ||
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
135000000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
215282000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
135001000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
169125000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
129122000 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
124566000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
457000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
293691000 | |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
129579000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
104000 | ||
hlvx |
Accrued Interest Exchanged For Convertible Promissory Notes
AccruedInterestExchangedForConvertiblePromissoryNotes
|
47000 | ||
hlvx |
Noncash Or Part Noncash Operating Lease
NoncashOrPartNoncashOperatingLease
|
20317000 | ||
hlvx |
Noncash Or Part Noncash Operating Lease
NoncashOrPartNoncashOperatingLease
|
180000 | ||
hlvx |
Warrants Issued
WarrantsIssued
|
30534000 | ||
us-gaap |
Stock Issued1
StockIssued1
|
4357000 | ||
hlvx |
Unpaid Initial Public Offering Costs
UnpaidInitialPublicOfferingCosts
|
313000 | ||
hlvx |
Unpaid Initial Public Offering Costs
UnpaidInitialPublicOfferingCosts
|
309000 | ||
hlvx |
Unpaid Property And Equipment Purchases
UnpaidPropertyAndEquipmentPurchases
|
415000 | ||
hlvx |
Conversion Of Convertible Promissory Notes And Interest Into Common Stock
ConversionOfConvertiblePromissoryNotesAndInterestIntoCommonStock
|
215364000 | ||
hlvx |
Conversion Of Warrant Liability Into Equity
ConversionOfWarrantLiabilityIntoEquity
|
100020000 | ||
hlvx |
Accreted Final Interest Payment Fees
AccretedFinalInterestPaymentFees
|
158000 | ||
CY2022Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
1.681 | |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:16.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Arial", sans-serif;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Arial", sans-serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:8.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Arial", sans-serif;min-width:fit-content;">The preparation of the Company’s unaudited condensed consolidated financial statements requires it to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in the Company’s condensed consolidated financial statements and accompanying notes. The most significant estimates in the Company’s unaudited condensed consolidated financial statements relate to accruals for research and development expenses, and the valuation of convertible promissory notes, warrant liabilities and various other equity instruments. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results could differ materially from those estimates and assumptions.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Arial", sans-serif;min-width:fit-content;"> </span></p> | ||
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
5883500 | |
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.0000595 | |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
292060000 | |
CY2022Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
1631000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
293691000 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:16.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Arial", sans-serif;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Arial", sans-serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:8.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Arial", sans-serif;min-width:fit-content;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents and restricted cash. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses in such accounts and management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Arial", sans-serif;min-width:fit-content;"> </span></p> | ||
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
7700000 | |
CY2022Q3 | hlvx |
Accrued Research And Development
AccruedResearchAndDevelopment
|
3500000 | |
CY2022Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2800000 | |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1400000 | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
CY2022Q3 | hlvx |
Weighted Average Unvested Shares Excluded From Computation Of Earnings Per Share Amount
WeightedAverageUnvestedSharesExcludedFromComputationOfEarningsPerShareAmount
|
1954126 | |
CY2021Q3 | hlvx |
Weighted Average Unvested Shares Excluded From Computation Of Earnings Per Share Amount
WeightedAverageUnvestedSharesExcludedFromComputationOfEarningsPerShareAmount
|
3049685 | |
hlvx |
Weighted Average Unvested Shares Excluded From Computation Of Earnings Per Share Amount
WeightedAverageUnvestedSharesExcludedFromComputationOfEarningsPerShareAmount
|
2214463 | ||
hlvx |
Weighted Average Unvested Shares Excluded From Computation Of Earnings Per Share Amount
WeightedAverageUnvestedSharesExcludedFromComputationOfEarningsPerShareAmount
|
2699099 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3585049 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2734764 | ||
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y2M12D | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.074 | |
CY2022Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
800000 | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1600000 | ||
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
0 | ||
CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
0 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
30000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
3480000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
3581000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
3685000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
3782000 | |
CY2022Q3 | hlvx |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
24935000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
39493000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
12336000 | |
CY2022Q3 | hlvx |
Lessee Operating Lease Tenant Improvement Reimbursements
LesseeOperatingLeaseTenantImprovementReimbursements
|
5989000 | |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
21168000 | |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
34000 | |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
21134000 | |
CY2022Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
5000000 | |
CY2022Q3 | hlvx |
Accumulated Paid In Kind Interest Amount
AccumulatedPaidInKindInterestAmount
|
48000 | |
CY2022Q3 | hlvx |
Debt Instrument Carrying Amount Including Paid In Kind Interest
DebtInstrumentCarryingAmountIncludingPaidInKindInterest
|
5048000 | |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
311000 | |
CY2022Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
4737000 | |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
77000 | |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
316000 | |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
327000 | |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | ||
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
1690000 | |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
2661000 | |
CY2022Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
3980000 | |
CY2022Q3 | hlvx |
Principal Payments Interest Payments And Final Payment Fee
PrincipalPaymentsInterestPaymentsAndFinalPaymentFee
|
9051000 | |
CY2022Q3 | hlvx |
Debt Instrument Interest And Final Payment Fee
DebtInstrumentInterestAndFinalPaymentFee
|
4003000 | |
CY2022Q3 | hlvx |
Long Term Debt Net Of Interest Pik Interest And Back End Fee
LongTermDebtNetOfInterestPikInterestAndBackEndFee
|
5048000 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
4547570 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.027 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.040 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.019 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.040 | ||
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.929 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.943 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.834 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.943 | ||
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
844000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1672000 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | ||
CY2022Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
11000000.0 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y2M23D | ||
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
11.11 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
8.49 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | ||
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
2625435 | |
hlvx |
Share Based Compensation Arrangement By Share Based Payment Award Other Than Options Non Vested Number Of Shares Repurchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherThanOptionsNonVestedNumberOfSharesRepurchased
|
81949 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
761612 | ||
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1781874 | |
CY2022Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
12637059 |