2024 Q2 Form 10-Q Financial Statement
#000121390024042906 Filed on May 14, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
Revenue | $1.235B | $0.00 | |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.080M | $1.588M | $1.223M |
YoY Change | 6.85% | 71.32% | -30.98% |
% of Gross Profit | |||
Research & Development | $566.3K | $465.9K | $914.6K |
YoY Change | -11.64% | -47.7% | -37.94% |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $1.646M | $2.054M | $1.698M |
YoY Change | -3.67% | -6.32% | -50.37% |
Operating Profit | -$1.646M | -$2.054M | |
YoY Change | -3.67% | -6.32% | |
Interest Expense | $13.37K | $13.38K | -$3.670K |
YoY Change | -108.13% | 43.72% | -99.22% |
% of Operating Profit | |||
Other Income/Expense, Net | $13.37K | $13.38K | -$790.00 |
YoY Change | -108.13% | 43.66% | -100.19% |
Pretax Income | -$1.632M | -$2.041M | -$1.702M |
YoY Change | -12.84% | -6.54% | -51.06% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.632M | -$2.041M | -$1.702M |
YoY Change | -12.84% | -6.54% | -51.06% |
Net Earnings / Revenue | -0.17% | ||
Basic Earnings Per Share | -$0.24 | -$0.46 | |
Diluted Earnings Per Share | -$0.24 | -$0.46 | -$0.39 |
COMMON SHARES | |||
Basic Shares Outstanding | 4.889M shares | 4.404M shares | 4.346M shares |
Diluted Shares Outstanding | 6.876M shares | 4.399M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $9.655M | $7.563M | $9.292M |
YoY Change | -16.55% | -42.86% | 39.99% |
Cash & Equivalents | $9.655M | $7.563M | $9.292M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $299.7K | $843.7K | $135.4K |
YoY Change | -4.82% | 335.57% | 53.04% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $9.955M | $8.406M | $9.428M |
YoY Change | -16.24% | -37.4% | 40.16% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $41.10K | $48.22K | $55.17K |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $36.82K | $36.82K | $37.40K |
YoY Change | 11.58% | 11.58% | 13.33% |
Other Assets | $85.04K | $92.57K | |
YoY Change | |||
Total Long-Term Assets | $77.92K | $85.04K | $92.57K |
YoY Change | 136.13% | 157.7% | 180.52% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.955M | $8.406M | $9.428M |
Total Long-Term Assets | $77.92K | $85.04K | $92.57K |
Total Assets | $10.03M | $8.491M | $9.520M |
YoY Change | -15.82% | -36.92% | 40.85% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $333.3K | $360.9K | $35.59K |
YoY Change | -35.98% | -53.9% | -94.88% |
Accrued Expenses | $317.4K | $249.6K | $643.1K |
YoY Change | -72.68% | -52.91% | -3.69% |
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 | $680.8K | $639.8K | $678.7K |
YoY Change | -60.33% | -52.47% | -51.1% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $11.04K | $18.90K | $26.33K |
YoY Change | -95.58% | -92.44% | -89.47% |
Total Long-Term Liabilities | $11.04K | $18.90K | $26.33K |
YoY Change | -95.58% | -92.44% | -89.47% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $680.8K | $639.8K | $678.7K |
Total Long-Term Liabilities | $11.04K | $18.90K | $26.33K |
Total Liabilities | $691.9K | $658.7K | $705.0K |
YoY Change | -64.81% | -58.73% | -56.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$56.60M | -$54.99M | -$52.94M |
YoY Change | 15.14% | 16.29% | 17.4% |
Common Stock | $536.00 | $440.00 | $435.00 |
YoY Change | 62.42% | 33.33% | 234.62% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $9.341M | $7.833M | $8.815M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.03M | $8.491M | $9.520M |
YoY Change | -15.82% | -36.92% | 40.85% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.632M | -$2.041M | -$1.702M |
YoY Change | -12.84% | -6.54% | -51.06% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$1.592M | -$1.724M | -$3.067M |
YoY Change | 9.8% | -24.7% | 20.28% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.682M | -2.650K | |
YoY Change | -105.2% | ||
NET CHANGE | |||
Cash From Operating Activities | -1.592M | -$1.724M | -3.067M |
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | 3.682M | -2.650K | |
Net Change In Cash | 2.091M | -$1.724M | -3.070M |
YoY Change | -244.21% | -126.03% | 22.47% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.592M | -$1.724M | -$3.067M |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$3.067M | ||
YoY Change | 19.92% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2482824 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4398909 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.46 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.88 | |
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Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
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Document Type
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|
10-Q | |
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Document Quarterly Report
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true | |
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Document Period End Date
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|
2024-03-31 | |
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Document Fiscal Year Focus
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2024 | |
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Document Transition Report
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false | |
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Entity File Number
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|
001-38803 | |
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Entity Registrant Name
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|
Hoth Therapeutics, Inc. | |
CY2024Q1 | dei |
Entity Incorporation State Country Code
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|
NV | |
CY2024Q1 | dei |
Entity Tax Identification Number
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82-1553794 | |
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Entity Address Address Line1
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590 Madison Ave | |
CY2024Q1 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
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21st Floor | |
CY2024Q1 | dei |
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New York | |
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NY | |
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10022 | |
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(646) | |
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756-2997 | |
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Common Stock, $0.0001 par value | |
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HOTH | |
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NASDAQ | |
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|
-581 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
157799 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
96244 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-39305 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-47225 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1723956 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2289418 | usd |
CY2023Q1 | hoth |
Proceeds From Issuance Common Stock Common Stock Warrants And Prefunded Warrants Net
ProceedsFromIssuanceCommonStockCommonStockWarrantsAndPrefundedWarrantsNet
|
8909530 | usd |
CY2023Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1860 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8911390 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1723956 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
6621972 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-5768 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-6201 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9292352 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6428611 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7562628 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13044382 | usd |
CY2024Q1 | hoth |
Increase In Deferred Offering Cost And Additional Paidin Capital
IncreaseInDeferredOfferingCostAndAdditionalPaidinCapital
|
550500 | usd |
CY2024Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2017-05-16 | |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7600000 | usd |
CY2024Q2 | hoth |
Warrants Purchase To Shares
WarrantsPurchaseToShares
|
2500000 | shares |
CY2024Q2 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1.6775 | |
CY2024Q2 | hoth |
Net Proceeds After Deduction
NetProceedsAfterDeduction
|
4200000 | usd |
CY2024Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Reclassifications</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain line items on the condensed consolidated statement of operations and comprehensive loss for the three months ended March 31, 2023 have been reclassified to conform to the current period presentation. Research and development - licenses acquired (including stock-based compensation) of $48,033 was reclassified to research and development. Compensation and related expenses (including stock-based compensation) of $295,564, professional fees (including stock-based compensation) of $616,375, rent of $15,120, and other general and administrative expense of $326,880 were consolidated into one general and administrative line item. These reclassifications did not change our reported net loss or comprehensive loss for the three months ended March 31, 2023.</p> | |
CY2024Q1 | hoth |
Compensation And Related Expenses
CompensationAndRelatedExpenses
|
295564 | usd |
CY2024Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
616375 | usd |
CY2024Q1 | us-gaap |
Prepaid Rent
PrepaidRent
|
15120 | usd |
CY2024Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
326880 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
1235000000 | usd |
CY2024Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
1000000000 | usd |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of condensed consolidated 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 contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting periods. The most significant estimates in the Company’s condensed consolidated financial statements relate to stock-based compensation, the valuation of modified warrants, and the valuation allowance of deferred tax assets resulting from net operating losses. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations may be affected. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7562628 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9292352 | usd |
CY2024Q1 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
100000 | usd |
CY2023 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
100000 | usd |
CY2024Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentrations of credit risk and off-balance sheet risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has significant cash balances at financial institutions which, throughout the year, regularly exceed the federally insured limit of $250,000. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.</p> | |
CY2024Q1 | us-gaap |
Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
|
250000 | usd |
CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4455903 | shares |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3110875 | shares |
CY2024Q1 | hoth |
Schedule Of Research And Development Expenses For Licenses Acquired
ScheduleOfResearchAndDevelopmentExpensesForLicensesAcquired
|
<span style="font-family: Times New Roman, Times, Serif">The following summarizes the Company’s research and development expenses for licenses acquired </span> <span style="font-family: Times New Roman, Times, Serif">during the three months ended March 31, 2024 and 2023:</span><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Three Months Ended<br/> March 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2024</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">The George Washington University</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">41,158</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">North Carolina State University</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,562</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-48">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Virginia Commonwealth University</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-49">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,250</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">University of Cincinnati</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-50">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">625</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,812</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">48,033</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | |
CY2024Q1 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
2812 | usd |
CY2023Q1 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
48033 | usd |
CY2024Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
|
36819 | usd |
CY2023Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
|
37400 | usd |
CY2023Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.17 | |
CY2024Q2 | us-gaap |
Shares Issued
SharesIssued
|
79 | shares |
CY2024Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.0036 | |
CY2024Q1 | us-gaap |
Other Investments
OtherInvestments
|
36819 | usd |
CY2023Q4 | us-gaap |
Other Investments
OtherInvestments
|
37400 | usd |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2024Q1 | hoth |
Preferred Stock Shares Undesignated
PreferredStockSharesUndesignated
|
3000000 | shares |
CY2023Q4 | hoth |
Preferred Stock Shares Undesignated
PreferredStockSharesUndesignated
|
3000000 | shares |
CY2024Q1 | hoth |
Exercise Of Pre Funded Warrants
ExerciseOfPreFundedWarrants
|
55675 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1693 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
3.16 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1693 | shares |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
3.16 | |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1878 | usd |
CY2024Q1 | hoth |
Unrecognized Stockbased Compensation Term
UnrecognizedStockbasedCompensationTerm
|
P0Y9M | |
CY2024Q1 | hoth |
Directors To Purchase Shares
DirectorsToPurchaseShares
|
450000 | shares |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
|
512685 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
1.36 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
1.20 | pure |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0402 | pure |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
169362 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
26.78 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P8Y4M24D | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
|
450000 | shares |
CY2024Q1 | hoth |
Share Based Compensation Arrangements By Share Based Payment Award Options Weighted Average Exercise Price Employee Options Issued
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsWeightedAverageExercisePriceEmployeeOptionsIssued
|
1.36 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
2000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
147 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
617362 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
7.86 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P9Y4M24D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
617362 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
7.86 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P9Y4M24D | |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
0 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
513350 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10630 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
513350 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10630 | usd |
CY2024Q1 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1.6775 | |
CY2024Q1 | hoth |
Deducting Placement Agent Fees
DeductingPlacementAgentFees
|
4200000 | |
CY2024Q1 | us-gaap |
Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
|
2028-07-03 | |
CY2024Q2 | hoth |
Placement Agent Warrant
PlacementAgentWarrant
|
125000 | shares |
CY2024Q1 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
3750000 | shares |
CY2023Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
550500 | usd |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y3M | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
1.098 | pure |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0418 | pure |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
8617 | usd |
CY2024Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
4653 | usd |
CY2023Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
15120 | usd |
CY2024Q1 | us-gaap |
Lease Cost
LeaseCost
|
13270 | usd |
CY2023Q1 | us-gaap |
Lease Cost
LeaseCost
|
15120 | usd |
CY2024Q1 | hoth |
Right Of Use Asset Gross
RightOfUseAssetGross
|
59698 | usd |
CY2023Q4 | hoth |
Right Of Use Asset Gross
RightOfUseAssetGross
|
59698 | usd |
CY2024Q1 | hoth |
Accumulated Amortizationof Rightof Use Assets
AccumulatedAmortizationofRightofUseAssets
|
11476 | usd |
CY2023Q4 | hoth |
Accumulated Amortizationof Rightof Use Assets
AccumulatedAmortizationofRightofUseAssets
|
4533 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
48222 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
55165 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
29321 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
28839 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
18901 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
26326 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
48222 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
55165 | usd |
CY2024Q1 | us-gaap |
Proceeds From Lease Payments
ProceedsFromLeasePayments
|
8196 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y3M | |
CY2023 | hoth |
Weighted Average Incremental Borrowing Rate
WeightedAverageIncrementalBorrowingRate
|
0.10 | pure |
CY2024Q1 | hoth |
Weighted Average Incremental Borrowing Rate
WeightedAverageIncrementalBorrowingRate
|
0.10 | pure |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
32784 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
19124 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
51908 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3686 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
48222 | usd |
CY2024Q1 | us-gaap |
Shares Issued
SharesIssued
|
125000 | shares |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
usd | |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2024Q1 | hoth |
Research And Developmentlicenses Acquired Expensed
ResearchAndDevelopmentlicensesAcquiredExpensed
|
usd | |
CY2024Q1 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
usd | |
CY2023Q1 | us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
usd | |
CY2024Q1 | hoth |
Proceeds From Issuance Common Stock Common Stock Warrants And Prefunded Warrants Net
ProceedsFromIssuanceCommonStockCommonStockWarrantsAndPrefundedWarrantsNet
|
usd | |
CY2024Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | |
CY2023Q1 | hoth |
Increase In Deferred Offering Cost And Additional Paidin Capital
IncreaseInDeferredOfferingCostAndAdditionalPaidinCapital
|
usd | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
shares | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
shares | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
||
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
pure | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
pure | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
usd | |
CY2024Q1 | hoth |
Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value Employee Options Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValueEmployeeOptionsIssued
|
usd | |
CY2024Q1 | hoth |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Weighted Average Remaining Contractual Lifein Years Employee Options Issued
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsWeightedAverageRemainingContractualLifeinYearsEmployeeOptionsIssued
|
||
CY2024Q1 | hoth |
Share Based Compensation Arrangement By Share Based Payment Award Options Total Intrinsic Value Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsTotalIntrinsicValueExpired
|
usd | |
CY2024Q1 | hoth |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Weighted Average Remaining Contractual Lifein Years Expired
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsWeightedAverageRemainingContractualLifeinYearsExpired
|
||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
usd | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
usd | |
CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
usd | |
CY2024Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2024Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2024Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001711786 |