2013 Q2 Form 10-K Financial Statement

#000114420413053105 Filed on September 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 2012 Q2
Revenue $620.0K $1.007M $350.0K
YoY Change 77.14% -21.14% 2.94%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $950.0K $3.910M $1.360M
YoY Change -30.15% -26.23% -47.89%
% of Gross Profit
Research & Development $970.0K $3.431M $1.050M
YoY Change -7.62% -31.12% -10.26%
% of Gross Profit
Depreciation & Amortization $90.00K $2.000K $90.00K
YoY Change 0.0% -71.43% -10.0%
% of Gross Profit
Operating Expenses $1.920M $7.674M $2.500M
YoY Change -23.2% -27.63% -35.4%
Operating Profit -$6.667M
YoY Change -28.52%
Interest Expense -$20.00K $90.00K $780.0K
YoY Change -102.56% 42.86% -59.79%
% of Operating Profit
Other Income/Expense, Net $10.00K $469.0K $0.00
YoY Change -100.0%
Pretax Income -$1.320M -$6.200M -$1.360M
YoY Change -2.94% 9.15% -13.92%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.320M -$6.198M -$1.360M
YoY Change -2.94% 9.2% -13.92%
Net Earnings / Revenue -212.9% -615.49% -388.57%
Basic Earnings Per Share
Diluted Earnings Per Share -$243.5K -$1.255M -$375.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.410M $4.410M $5.620M
YoY Change -21.53% -21.53% 97.89%
Cash & Equivalents $4.414M $5.624M
Short-Term Investments
Other Short-Term Assets $31.00K $1.210M $750.0K
YoY Change -95.87% 61.33% -2.6%
Inventory
Prepaid Expenses $31.00K $5.000K
Receivables $1.007M $1.010M $351.0K
Other Receivables $0.00 $0.00 $180.0K
Total Short-Term Assets $6.635M $6.640M $6.900M
YoY Change -3.84% -3.77% 60.47%
LONG-TERM ASSETS
Property, Plant & Equipment $6.000K $10.00K $3.000K
YoY Change 100.0% -70.0%
Goodwill
YoY Change
Intangibles $2.713M $2.862M
YoY Change -5.21%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.719M $2.710M $2.865M
YoY Change -5.1% -5.57% -5.76%
TOTAL ASSETS
Total Short-Term Assets $6.635M $6.640M $6.900M
Total Long-Term Assets $2.719M $2.710M $2.865M
Total Assets $9.354M $9.350M $9.765M
YoY Change -4.21% -4.3% 33.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.401M $2.400M $2.846M
YoY Change -15.64% -15.79% -1.86%
Accrued Expenses $1.885M $1.890M $230.0K
YoY Change 719.57% 721.74% 283.33%
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 $4.286M $4.290M $3.596M
YoY Change 19.19% 19.17% -49.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.286M $4.290M $3.596M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $4.290M $4.290M $3.600M
YoY Change 19.17% 19.17% -49.58%
SHAREHOLDERS EQUITY
Retained Earnings -$37.54M -$31.34M
YoY Change 19.78%
Common Stock $42.60M $37.51M
YoY Change 13.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.068M $5.070M $6.169M
YoY Change
Total Liabilities & Shareholders Equity $9.354M $9.350M $9.765M
YoY Change -4.21% -4.3% 33.04%

Cashflow Statement

Concept 2013 Q2 2013 2012 Q2
OPERATING ACTIVITIES
Net Income -$1.320M -$6.198M -$1.360M
YoY Change -2.94% 9.2% -13.92%
Depreciation, Depletion And Amortization $90.00K $2.000K $90.00K
YoY Change 0.0% -71.43% -10.0%
Cash From Operating Activities -$910.0K -$4.849M -$1.040M
YoY Change -12.5% -19.32% -5.45%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K $7.000K -$60.00K
YoY Change -33.33% 600.0% -154.55%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$40.00K -$195.0K -$60.00K
YoY Change -33.33% -20.41% -154.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.284M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.830M $3.834M 0.000
YoY Change -57.57%
NET CHANGE
Cash From Operating Activities -910.0K -$4.849M -1.040M
Cash From Investing Activities -40.00K -$195.0K -60.00K
Cash From Financing Activities 3.830M $3.834M 0.000
Net Change In Cash 2.880M -$1.210M -1.100M
YoY Change -361.82% -143.51% 11.11%
FREE CASH FLOW
Cash From Operating Activities -$910.0K -$4.849M -$1.040M
Capital Expenditures -$40.00K $7.000K -$60.00K
Free Cash Flow -$870.0K -$4.856M -$980.0K
YoY Change -11.22% -19.21% -19.01%

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<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <table style="clear:both;MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><b> 1.</b></div> </td> <td> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"><b>Nature of Business</b></div> </td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">iBio, Inc. (&#8220;iBio&#8221; or the &#8220;Company&#8221;) is a biotechnology company focused on the commercialization of its proprietary plant-based protein expression technologies - the iBioLaunch&#153; platform for vaccines and therapeutic proteins and the iBioModulator&#153; platform for vaccine enhancement &#150; and on developing and commercializing select product candidates derived from the iBioLaunch platform. The advantages of iBio&#8217;s technology include the ability to manufacture therapeutic proteins that are difficult or impossible to produce with conventional methods, reduced production time, and lower capital and operating costs for biopharmaceuticals. iBio was established&#160;as a public company in&#160;August 2008 as the result of a spinoff from Integrated BioPharma, Inc. The Company operates in <font style=" FONT-SIZE: 10pt">one</font> business segment under the direction of its Executive Chairman, and its operations and assets reside exclusively in the United States.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><em><em>Use of Estimates</em></em></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include the valuation of intellectual property, legal and contractual contingencies, a warrant derivative liability and share-based compensation. Although management bases its estimates on historical experience and various other assumptions that are believed to be reasonable under the circumstances, actual results could differ from these estimates.</div> </div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
0 USD
CY2012Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
520000 USD
CY2013Q2 us-gaap Share Price
SharePrice
0.42
CY2013Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
77000 USD
CY2012Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
74000 USD
CY2013Q2 ibio Other Receivables Related Party Reimbursable Patent Costs
OtherReceivablesRelatedPartyReimbursablePatentCosts
0 USD
CY2012Q2 ibio Other Receivables Related Party Reimbursable Patent Costs
OtherReceivablesRelatedPartyReimbursablePatentCosts
179000 USD
CY2013Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
31000 USD
CY2012Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2713000 USD
CY2012Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2862000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4969000 USD
CY2012Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4784000 USD
CY2012Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1922000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2256000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
343000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
343000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
328000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
312000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
288000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1099000 USD
CY2013Q2 ibio Consulting Fees
ConsultingFees
71000 USD
CY2012Q2 ibio Consulting Fees
ConsultingFees
71000 USD
CY2013Q2 ibio Public Company Costs
PublicCompanyCosts
45000 USD
CY2012Q2 ibio Public Company Costs
PublicCompanyCosts
0 USD
CY2013Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
44000 USD
CY2012Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
41000 USD
CY2013Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
25000 USD
CY2012Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18000 USD
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
20940796 shares
CY2013Q1 ibio At Market Equity Offering Sales Agreement Authorized Amount
AtMarketEquityOfferingSalesAgreementAuthorizedAmount
10000000 USD
CY2013Q1 ibio At Market Equity Offering Sales Agreement Commission Percentage
AtMarketEquityOfferingSalesAgreementCommissionPercentage
0.03 pure
CY2013Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
121000 USD
CY2013 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2012 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2013 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.979 pure
CY2012 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
1.0 pure
CY2013 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P2M12D
CY2012 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P1Y2M12D
CY2013Q2 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
10000000 shares
CY2013Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
25400000 shares
CY2008Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4200000 shares
CY2008Q3 ibio Class Of Warrant Or Right Increase In Numbers
ClassOfWarrantOrRightIncreaseInNumbers
800000 USD
CY2013Q2 ibio Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
25395940 shares
CY2012Q2 ibio Warrants Outstanding Exercise Price Per Share
WarrantsOutstandingExercisePricePerShare
1.39
CY2013Q2 ibio Warrants Outstanding Exercise Price Per Share
WarrantsOutstandingExercisePricePerShare
1.23
CY2013Q2 ibio Weighted Average Exercise Price Per Share Warrants Exercisable
WeightedAverageExercisePricePerShareWarrantsExercisable
1.23
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
25395940 shares
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6700000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
25400000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
5500000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
20900000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P9Y
CY2008Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10000000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3200000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2500000 USD
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
700000 USD
CY2013Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.90
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.56
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1263000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2683000 USD
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5510000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1330000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
80000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4266604 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.56
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.02
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.55
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.45
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.45
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.54
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y1M6D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
494000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
161000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
161000 USD
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
139000 USD
CY2008Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
5500000 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
28900000 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
17700000 USD
CY2013Q2 ibio Deferred Tax Asset Research And Development Credit
DeferredTaxAssetResearchAndDevelopmentCredit
737000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2447000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2802000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-366000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-417000 USD
CY2013 ibio Income Tax Expense Benefit Valuation Allowance
IncomeTaxExpenseBenefitValuationAllowance
-2813000 USD
CY2012 ibio Income Tax Expense Benefit Valuation Allowance
IncomeTaxExpenseBenefitValuationAllowance
-3219000 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10856000 USD
CY2012Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8532000 USD
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3198000 USD
CY2012Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2682000 USD
CY2013Q2 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
737000 USD
CY2012Q2 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
400000 USD
CY2013Q2 ibio Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accounts Payable
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccountsPayable
0 USD
CY2012Q2 ibio Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accounts Payable
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccountsPayable
140000 USD
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
-56000 USD
CY2012Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
172000 USD
CY2013Q2 ibio Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Vacation Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsVacationAccruals
18000 USD
CY2012Q2 ibio Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Vacation Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsVacationAccruals
14000 USD
CY2013Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 USD
CY2012Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 USD
CY2013Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
14753000 USD
CY2012Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11940000 USD
CY2013Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2012Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.03 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.26 pure
CY2013 ibio Effective Income Tax Rate Reconciliation Research And Development Tax Credit
EffectiveIncomeTaxRateReconciliationResearchAndDevelopmentTaxCredit
0.04 pure
CY2012 ibio Effective Income Tax Rate Reconciliation Research And Development Tax Credit
EffectiveIncomeTaxRateReconciliationResearchAndDevelopmentTaxCredit
0.07 pure
CY2013 ibio Effective Income Tax Rate Non Utilization Of State Operating Loss
EffectiveIncomeTaxRateNonUtilizationOfStateOperatingLoss
0 pure
CY2012 ibio Effective Income Tax Rate Non Utilization Of State Operating Loss
EffectiveIncomeTaxRateNonUtilizationOfStateOperatingLoss
-0.12 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.02 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.04 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.45 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.57 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013 ibio Current And Deferred Federal And State Taxes
CurrentAndDeferredFederalAndStateTaxes
-2813000 USD
CY2012 ibio Current And Deferred Federal And State Taxes
CurrentAndDeferredFederalAndStateTaxes
-3219000 USD
CY2012 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
1300000 USD
CY2010Q4 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
1700000 USD
CY2013Q2 ibio Long Term Purchase Commitment Total Payments
LongTermPurchaseCommitmentTotalPayments
10000000 USD
CY2013 ibio Long Term Purchase Commitment Payment Frequency
LongTermPurchaseCommitmentPaymentFrequency
semi-annual
CY2013 ibio Long Term Purchase Commitment Payment Amount
LongTermPurchaseCommitmentPaymentAmount
1000000 USD
CY2013 us-gaap Long Term Purchase Commitment Time Period
LongTermPurchaseCommitmentTimePeriod
15 years
CY2013 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
200000 USD
CY2013 ibio Long Term Purchase Commitment Expire Date
LongTermPurchaseCommitmentExpireDate
2015-12-31

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