2014 Q4 Form 10-Q Financial Statement
#000114420414068743 Filed on November 14, 2014
Income Statement
| Concept | 2014 Q4 | 2014 Q3 | 2014 Q2 |
|---|---|---|---|
| Revenue | $367.0K | $819.0K | $210.0K |
| YoY Change | -66.13% | ||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $1.300M | $1.050M | $1.950M |
| YoY Change | 23.81% | 320.0% | 105.26% |
| % of Gross Profit | |||
| Research & Development | $731.0K | $1.185M | -$590.0K |
| YoY Change | 24.96% | 114.67% | -160.82% |
| % of Gross Profit | |||
| Depreciation & Amortization | $90.00K | $1.000K | $90.00K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| % of Gross Profit | |||
| Operating Expenses | $2.033M | $2.235M | $1.360M |
| YoY Change | 24.27% | -1031.25% | -29.17% |
| Operating Profit | -$1.666M | -$1.416M | |
| YoY Change | 1.83% | -690.0% | |
| Interest Expense | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | $13.00K | $6.000K | $10.00K |
| YoY Change | 18.18% | -95.68% | 0.0% |
| Pretax Income | -$1.650M | -$1.410M | -$1.140M |
| YoY Change | 1.23% | -471.05% | -13.64% |
| Income Tax | $0.00 | $0.00 | |
| % Of Pretax Income | |||
| Net Earnings | -$1.653M | -$1.410M | -$1.140M |
| YoY Change | 1.41% | -472.03% | -13.64% |
| Net Earnings / Revenue | -450.41% | -172.16% | -542.86% |
| Basic Earnings Per Share | -$0.02 | ||
| Diluted Earnings Per Share | -$232.4K | -$0.02 | -$173.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 71.90M shares | 65.86M shares | 65.64M shares |
| Diluted Shares Outstanding | 65.86M shares |
Balance Sheet
| Concept | 2014 Q4 | 2014 Q3 | 2014 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $7.360M | $3.490M | $3.590M |
| YoY Change | 29.58% | 1.45% | -18.59% |
| Cash & Equivalents | $7.363M | $3.486M | $3.590M |
| Short-Term Investments | |||
| Other Short-Term Assets | $280.0K | $80.00K | $8.000K |
| YoY Change | 7.69% | -57.89% | -74.19% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $920.0K | $0.00 | $205.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $8.560M | $4.121M | $3.913M |
| YoY Change | 23.34% | -11.28% | -41.02% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $20.00K | $20.00K | $6.000K |
| YoY Change | 300.0% | 300.0% | 0.0% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $2.516M | $2.575M | |
| YoY Change | -6.29% | -5.09% | |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $2.480M | $2.539M | $2.581M |
| YoY Change | -7.39% | -5.61% | -5.08% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $8.560M | $4.121M | $3.913M |
| Total Long-Term Assets | $2.480M | $2.539M | $2.581M |
| Total Assets | $11.04M | $6.660M | $6.494M |
| YoY Change | 14.78% | -9.2% | -30.58% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $980.0K | $516.0K | $297.0K |
| YoY Change | -21.6% | -60.7% | -87.63% |
| Accrued Expenses | $490.0K | $702.0K | $98.00K |
| YoY Change | 16.67% | 106.47% | -94.8% |
| 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 | $1.480M | $1.218M | $395.0K |
| YoY Change | -11.06% | -26.32% | -90.78% |
| 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 | $1.480M | $1.218M | $395.0K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $1.480M | $1.218M | $395.0K |
| YoY Change | -10.84% | -26.18% | -90.79% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$42.61M | -$41.20M | |
| YoY Change | 14.68% | 9.77% | |
| Common Stock | $48.05M | $47.30M | |
| YoY Change | 12.17% | 11.02% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $9.570M | $5.439M | $6.099M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $11.04M | $6.657M | $6.494M |
| YoY Change | 14.76% | -9.24% | -30.58% |
Cashflow Statement
| Concept | 2014 Q4 | 2014 Q3 | 2014 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.653M | -$1.410M | -$1.140M |
| YoY Change | 1.41% | -472.03% | -13.64% |
| Depreciation, Depletion And Amortization | $90.00K | $1.000K | $90.00K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Cash From Operating Activities | -$1.620M | -$570.0K | -$690.0K |
| YoY Change | 24.62% | -37.43% | -24.18% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$70.00K | $14.00K | -$60.00K |
| YoY Change | 250.0% | 50.0% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$70.00K | -$30.00K | -$60.00K |
| YoY Change | 250.0% | -49.15% | 50.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $500.0K | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 5.580M | 500.0K | 0.000 |
| YoY Change | 57.18% | -100.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | -1.620M | -570.0K | -690.0K |
| Cash From Investing Activities | -70.00K | -30.00K | -60.00K |
| Cash From Financing Activities | 5.580M | 500.0K | 0.000 |
| Net Change In Cash | 3.890M | -100.0K | -750.0K |
| YoY Change | 74.44% | -89.69% | -126.04% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.620M | -$570.0K | -$690.0K |
| Capital Expenditures | -$70.00K | $14.00K | -$60.00K |
| Free Cash Flow | -$1.550M | -$584.0K | -$630.0K |
| YoY Change | 21.09% | -35.89% | -27.59% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
47235000 | USD |
| CY2014Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
47986000 | USD |
| CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6099000 | USD |
| CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-41202000 | USD |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3590000 | USD |
| CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3486000 | USD |
| CY2014Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
205000 | USD |
| CY2014Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
0 | USD |
| CY2014Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
118000 | USD |
| CY2014Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
80000 | USD |
| CY2014Q2 | us-gaap |
Assets Current
AssetsCurrent
|
3913000 | USD |
| CY2014Q3 | us-gaap |
Assets Current
AssetsCurrent
|
4121000 | USD |
| CY2014Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6000 | USD |
| CY2014Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
20000 | USD |
| CY2014Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2575000 | USD |
| CY2014Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2516000 | USD |
| CY2014Q2 | us-gaap |
Assets
Assets
|
6494000 | USD |
| CY2014Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
297000 | USD |
| CY2014Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
516000 | USD |
| CY2014Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
98000 | USD |
| CY2014Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
702000 | USD |
| CY2014Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
395000 | USD |
| CY2014Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1218000 | USD |
| CY2014Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2014Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2014Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2014Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
66000 | USD |
| CY2014Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
68000 | USD |
| CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
2235000 | USD |
| CY2014Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1000 | USD |
| CY2013Q3 | us-gaap |
Royalty Income Nonoperating
RoyaltyIncomeNonoperating
|
15000 | USD |
| CY2013Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
139000 | USD |
| CY2014Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
6000 | USD |
| CY2014Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6494000 | USD |
| CY2014Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-42612000 | USD |
| CY2014Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5439000 | USD |
| CY2014Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6657000 | USD |
| CY2014Q3 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt"> Reclassifications</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Certain amounts in the September 30, 2013 statement of cash flows were reclassified to conform to the current period presentation. In 2013, the changes in operating assets and liabilities were reported as one line item. In 2014, such 2013 changes were reported by account.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2014Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with U.S. GAAP 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, research and development expenses, legal and contractual contingencies 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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2014Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2014Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
175000000 | shares |
| CY2014Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
67460267 | shares |
| CY2014Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
222000 | USD |
| CY2014Q3 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0 | |
| CY2014Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2014Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2014Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1416000 | USD |
| CY2013Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2000 | USD |
| CY2013Q3 | ibio |
Interest Expense Effect Of Settlement Agreement
InterestExpenseEffectOfSettlementAgreement
|
-122000 | USD |
| CY2014Q3 | ibio |
Interest Expense Effect Of Settlement Agreement
InterestExpenseEffectOfSettlementAgreement
|
0 | USD |
| CY2014Q3 | us-gaap |
Royalty Income Nonoperating
RoyaltyIncomeNonoperating
|
5000 | USD |
| CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
379000 | USD |
| CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1410000 | USD |
| CY2013Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
87000 | USD |
| CY2014Q3 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | pure |
| CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5168000 | USD |
| CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5197000 | USD |
| CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2593000 | USD |
| CY2014Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2516000 | USD |
| CY2013Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
0 | USD |
| CY2014Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
819000 | USD |
| CY2013Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
552000 | USD |
| CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1185000 | USD |
| CY2013Q3 | ibio |
Research And Development Expense Effect Of Settlement Agreement
ResearchAndDevelopmentExpenseEffectOfSettlementAgreement
|
-1041000 | USD |
| CY2014Q3 | ibio |
Research And Development Expense Effect Of Settlement Agreement
ResearchAndDevelopmentExpenseEffectOfSettlementAgreement
|
0 | USD |
| CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
949000 | USD |
| CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1050000 | USD |
| CY2013Q3 | ibio |
General And Administrative Expense Effect Of Settlement Agreement
GeneralAndAdministrativeExpenseEffectOfSettlementAgreement
|
-700000 | USD |
| CY2014Q3 | ibio |
General And Administrative Expense Effect Of Settlement Agreement
GeneralAndAdministrativeExpenseEffectOfSettlementAgreement
|
0 | USD |
| CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
-240000 | USD |
| CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
240000 | USD |
| CY2014Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
88000 | USD |
| CY2014Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
8769911 | shares |
| CY2014Q3 | ibio |
Class Of Warrants Or Rights Expired
ClassOfWarrantsOrRightsExpired
|
425587 | shares |
| CY2014Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
8344324 | shares |
| CY2014Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.38 | |
| CY2014Q3 | ibio |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Expired
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExpired
|
0.66 | |
| CY2014Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.41 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
15000000 | shares |
| CY2014Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
8300000 | shares |
| CY2013Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
8100000 | shares |
| CY2014Q3 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
10100000 | shares |
| CY2013Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
20400000 | shares |
| CY2014Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
8300000 | shares |
| CY2013Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
235000 | USD |
| CY2014Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
253000 | USD |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
8483334 | shares |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1640000 | shares |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
10123334 | shares |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
10023545 | shares |
| CY2014Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
610000 | USD |
| CY2013Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-911000 | USD |
| CY2014Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-570000 | USD |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
5933349 | shares |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.25 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.86 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.18 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
1.19 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.46 | |
| CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y | |
| CY2014Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y3M18D | |
| CY2014Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P7Y3M18D | |
| CY2014Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P6Y | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
179000 | USD |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
648000 | USD |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
634000 | USD |
| CY2014Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
341000 | USD |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
4900000 | shares |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.41 | |
| CY2014Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1900000 | USD |
| CY2014Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y4M24D | |
| CY2014Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
253000 | USD |
| CY2013Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
235000 | USD |
| CY2014Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
253000 | USD |
| CY2013Q3 | us-gaap |
Depreciation
Depreciation
|
1000 | USD |
| CY2014Q3 | us-gaap |
Depreciation
Depreciation
|
1000 | USD |
| CY2013Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
0 | USD |
| CY2014Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-205000 | USD |
| CY2013Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1020000 | USD |
| CY2014Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-38000 | USD |
| CY2013Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1088000 | USD |
| CY2014Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
200000 | USD |
| CY2013Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1545000 | USD |
| CY2013Q3 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
59000 | USD |
| CY2014Q3 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
17000 | USD |
| CY2013Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | USD |
| CY2014Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
14000 | USD |
| CY2013Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-59000 | USD |
| CY2014Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-31000 | USD |
| CY2013Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
| CY2014Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
500000 | USD |
| CY2013Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
0 | USD |
| CY2014Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
500000 | USD |
| CY2013Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-970000 | USD |
| CY2014Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-104000 | USD |
| CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4414000 | USD |
| CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3444000 | USD |
| CY2013Q3 | ibio |
Unpaid Intangible Assets Included In Accounts Payable
UnpaidIntangibleAssetsIncludedInAccountsPayable
|
0 | USD |
| CY2014Q3 | ibio |
Unpaid Intangible Assets Included In Accounts Payable
UnpaidIntangibleAssetsIncludedInAccountsPayable
|
20000 | USD |
| CY2013Q3 | ibio |
Unpaid Intangible Assets Included In Accrued Expenses
UnpaidIntangibleAssetsIncludedInAccruedExpenses
|
0 | USD |
| CY2014Q3 | ibio |
Unpaid Intangible Assets Included In Accrued Expenses
UnpaidIntangibleAssetsIncludedInAccruedExpenses
|
-8000 | USD |
| CY2014Q3 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-3000 | USD |
| CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
379000 | USD |
| CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1410000 | USD |
| CY2014Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt">1.    Nature of Business</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">iBio, Inc. and Subsidiaries (“iBio” or the “Company”) is a biotechnology company focused on the commercialization of its proprietary plant-based protein expression technologies - the iBioLaunch™ platform for vaccines and therapeutic proteins and the iBioModulator™ platform for vaccine enhancement – and on developing and commercializing select biopharmaceutical product candidates. The advantages of iBio’s technology include the ability to manufacture therapeutic proteins that are difficult or commercially infeasible to produce with conventional methods, and reduced production time, capital and operating costs for biopharmaceuticals. iBio was established as a public company in August 2008 as the result of a spinoff from Integrated BioPharma, Inc. The Company operates in one business segment under the direction of its Executive Chairman. The Company has two wholly-owned subsidiaries, iBioDefense Biologics LLC (“iBioDefense”), a Delaware limited liability company formed in July 2013 to explore development and commercialization of defense-specific applications of the Company’s proprietary technology, and iBio Peptide Therapeutics LLC, a Delaware limited liability company formed in November 2013 to explore development and commercialization of plant based peptide for the treatment of Fibrosis. Additionally the Company has a 99% interest in a subsidiary organized in Brazil, iBIO DO BRASIL BIOFARMACÊUTICA LTDA. (“iBio Brazil”), to manage and expand the Company’s business activities in Brazil. The activities of iBio Brazil are intended to include coordination and expansion of the Company’s existing relationship with FioCruz (part of the Ministry of Health of Brazil) beyond the current Yellow Fever Vaccine program and development of biosimilar products with private sector participants for the Brazilian market. iBio Brazil commenced operations during the first quarter of the fiscal year ended June 30, 2015. The other subsidiaries have not conducted any activity through September 30, 2014.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2014Q2 | us-gaap |
Liabilities
Liabilities
|
395000 | USD |
| CY2014Q3 | us-gaap |
Liabilities
Liabilities
|
1218000 | USD |
| CY2014Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
| CY2014Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-3000 | USD |
| CY2013Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
| CY2014Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
| CY2013Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
0 | USD |
| CY2014Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-3000 | USD |
| CY2013Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
379000 | USD |
| CY2014Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-1413000 | USD |
| CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
| CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
| CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56692000 | shares |
| CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65859000 | shares |
| CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60626000 | shares |
| CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
65859000 | shares |
| CY2013Q3 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
0 | USD |
| CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
379000 | USD |
| CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1410000 | USD |
| CY2013Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3934000 | shares |
| CY2014Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
| CY2014Q3 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2014Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2014Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | |
| CY2014Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | |
| CY2014Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2014Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
iBio, Inc. | |
| CY2014Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001420720 | |
| CY2014Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
| CY2014Q3 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2014Q3 | dei |
Trading Symbol
TradingSymbol
|
IBIO | |
| CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
71901358 | shares |
| CY2014Q3 | ibio |
Stock Issued During Period Value Capital Contribution And Commitment Fee
StockIssuedDuringPeriodValueCapitalContributionAndCommitmentFee
|
500000 | USD |
| CY2014Q3 | ibio |
Floor Price Of Common Stock
FloorPriceOfCommonStock
|
0.20 | |
| CY2013Q3 | us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
0 | USD |
| CY2014Q3 | us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
555000 | USD |
| CY2014Q2 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
0 | USD |
| CY2014Q3 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
555000 | USD |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.023 | pure |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.967 | pure |
| CY2014Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P9Y | |
| CY2014Q3 | us-gaap |
Obligation With Joint And Several Liability Arrangement Amount Outstanding
ObligationWithJointAndSeveralLiabilityArrangementAmountOutstanding
|
1400000 | USD |
| CY2014Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
3000000 | USD |
