2023 Q1 Form 10-Q Financial Statement

#000121390023012859 Filed on February 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $1.034M $469.8K $265.1K
YoY Change 233.97% 77.22%
Cost Of Revenue $841.4K $338.6K $153.5K
YoY Change 560.92% 120.54%
Gross Profit $192.5K $131.2K $111.6K
YoY Change 5.61% 17.58%
Gross Profit Margin 18.62% 27.92% 42.08%
Selling, General & Admin $1.413M $1.465M $1.637M
YoY Change -26.23% -10.5% 74.13%
% of Gross Profit 733.84% 1116.84% 1467.32%
Research & Development $878.3K $851.4K $2.537M
YoY Change -49.91% -66.44% 169.9%
% of Gross Profit 456.24% 649.08% 2274.38%
Depreciation & Amortization $50.69K $49.05K $49.80K
YoY Change -4.97% -1.51% 149.0%
% of Gross Profit 26.33% 37.4% 44.64%
Operating Expenses $2.342M $2.365M $4.224M
YoY Change -37.08% -44.0% 118.84%
Operating Profit -$1.998M -$2.101M -$4.112M
YoY Change -43.55% -48.9% 113.06%
Interest Expense $152.8K $136.0K $7.230K
YoY Change 138.84% 1781.47% -85.54%
% of Operating Profit
Other Income/Expense, Net $22.06K
YoY Change -106.13%
Pretax Income -$1.996M -$2.098M -$4.283M
YoY Change -42.56% -51.01% 91.2%
Income Tax $1.500K $3.000K
% Of Pretax Income
Net Earnings -$1.998M -$2.101M -$4.283M
YoY Change -42.52% -50.94% 91.2%
Net Earnings / Revenue -193.24% -447.25% -1615.61%
Basic Earnings Per Share -$0.60 -$0.91 -$7.73
Diluted Earnings Per Share -$0.60 -$0.91 -$309.3K
COMMON SHARES
Basic Shares Outstanding 3.328M shares 936.8K shares 553.9K shares
Diluted Shares Outstanding 3.328M shares 2.301M shares 553.9K shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.647M $11.50M $11.33M
YoY Change 62.29% 1.5% 12.47%
Cash & Equivalents $9.604M $11.45M $11.28M
Short-Term Investments $43.06K $43.05K $45.42K
Other Short-Term Assets $695.2K $826.9K $140.5K
YoY Change -46.99% 488.52% 368.37%
Inventory $1.330M $1.614M $988.8K
Prepaid Expenses
Receivables $170.3K $81.65K $50.30K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.84M $14.02M $12.51M
YoY Change 35.39% 12.1% 22.0%
LONG-TERM ASSETS
Property, Plant & Equipment $753.2K $703.9K $1.097M
YoY Change -24.89% -35.81% 196.39%
Goodwill
YoY Change
Intangibles $1.987M $2.027M
YoY Change
Long-Term Investments
YoY Change
Other Assets $147.5K $171.1K $109.2K
YoY Change 35.77% 56.74% 991.8%
Total Long-Term Assets $2.888M $2.902M $6.879M
YoY Change -57.15% -57.81% 358.58%
TOTAL ASSETS
Total Short-Term Assets $11.84M $14.02M $12.51M
Total Long-Term Assets $2.888M $2.902M $6.879M
Total Assets $14.73M $16.92M $19.38M
YoY Change -4.88% -12.71% 64.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $737.5K $770.8K $1.707M
YoY Change -56.0% -54.84% -17.95%
Accrued Expenses $1.516M $1.614M $2.044M
YoY Change -4.69% -21.03% 2454.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $58.62K
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.270M $2.401M $4.618M
YoY Change -44.72% -48.01% 114.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $72.79K $183.9K $598.6K
YoY Change -85.25% -69.28% -65.99%
Total Long-Term Liabilities $72.79K $183.9K $598.6K
YoY Change -85.25% -69.28% -70.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.270M $2.401M $4.618M
Total Long-Term Liabilities $72.79K $183.9K $598.6K
Total Liabilities $2.342M $2.585M $5.216M
YoY Change -49.07% -50.45% 25.39%
SHAREHOLDERS EQUITY
Retained Earnings -$101.1M -$99.06M
YoY Change
Common Stock $77.62M $74.86M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.39M $14.34M $14.17M
YoY Change
Total Liabilities & Shareholders Equity $14.73M $16.92M $19.38M
YoY Change -4.88% -12.71% 64.97%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$1.998M -$2.101M -$4.283M
YoY Change -42.52% -50.94% 91.2%
Depreciation, Depletion And Amortization $50.69K $49.05K $49.80K
YoY Change -4.97% -1.51% 149.0%
Cash From Operating Activities -$1.657M -$2.713M -$3.534M
YoY Change -69.03% -23.22% 95.24%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$35.56K
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$128.2K -$500.0K $341.6K
YoY Change -246.38%
Cash From Investing Activities -$128.2K -$500.0K $306.0K
YoY Change 3511.27% -263.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -63.70K 5.315M -836.2K
YoY Change 117.33% -735.68% -112.0%
NET CHANGE
Cash From Operating Activities -1.657M -2.713M -3.534M
Cash From Investing Activities -128.2K -500.0K 306.0K
Cash From Financing Activities -63.70K 5.315M -836.2K
Net Change In Cash -1.849M 2.102M -4.064M
YoY Change -65.65% -151.73% -178.76%
FREE CASH FLOW
Cash From Operating Activities -$1.657M -$2.713M -$3.534M
Capital Expenditures $0.00 $0.00 -$35.56K
Free Cash Flow -$1.657M -$2.713M -$3.498M
YoY Change -69.01% -22.44% 93.27%

Facts In Submission

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12000262 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12000001 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1255911 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1294247 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
232202 usd
inm Settlement Of Debt Upon Acquisition Of Subsidiary
SettlementOfDebtUponAcquisitionOfSubsidiary
425000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10744351 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10048552 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5275712 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3916838 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6176866 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7363126 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11452578 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11279964 usd
us-gaap Nature Of Operations
NatureOfOperations
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"><b>1.</b></td><td style="text-align: justify"><b>CORPORATE INFORMATION AND CONTINUING OPERATIONS</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -21.3pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Business</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">InMed Pharmaceuticals Inc. (“InMed” or the “Company”) was incorporated in the Province of British Columbia on May 19, 1981 under the <i>Business Corporations Act</i> of British Columbia. InMed is a clinical stage pharmaceutical company developing a pipeline of prescription-based products, including rare cannabinoids and novel cannabinoid analogs, targeting the treatment of diseases with high unmet medical needs as well as developing proprietary manufacturing technologies to produce rare cannabinoids for sale in the health and wellness industry.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Company’s shares are listed on the Nasdaq Capital Market (“Nasdaq”) under the trading symbol “INM”. InMed’s office and principal place of business is located at #310 – 815 West Hastings Street, Vancouver, B.C., Canada, V6C 1B4.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -21.3pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Liquidity</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: -21.3pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Through December 31, 2022, the Company has funded its operations primarily with proceeds from the sale of common stock. The Company has incurred recurring losses and negative cash flows from operations since its inception, including net losses of approximately $5.6 million and $7.3 million for the six months ended December 31, 2022 and 2021, respectively. In addition, the Company had an accumulated deficit of approximately $99.1 million at December 31, 2022. The Company expects to continue to generate operating losses for the foreseeable future.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">As of the issuance date of these condensed consolidated interim financial statements, the Company expects its cash and cash equivalents of $11.5 million as of December 31, 2022 will be sufficient to fund its operating expenses and capital expenditure requirements into the last quarter of calendar 2023, depending on the level and timing of realizing revenues from the sale of BayMedica inventory as well as the level and timing of the Company operating expenses. The future viability of the Company is dependent on its ability to raise additional capital to finance its operations. As a result of the recurring losses and requirement for cash in the last quarter of calendar 2023 or the first quarter of calendar 2024, the Company has concluded that there is substantial doubt about its ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The Company expects to continue to seek additional funding through equity financings, debt financings or other capital sources, including collaborations with other companies, government contracts or other strategic transactions. The Company may not be able to obtain financing on acceptable terms, or at all. The terms of any financing may adversely affect the holdings or the rights of the Company’s existing shareholders.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">These condensed consolidated interim financial statements have been prepared on a going concern basis, which assumes that the Company will be able to meet its commitments, realize its assets and discharge its liabilities in the normal course. These condensed consolidated interim financial statements do not reflect adjustments to the carrying values of assets and liabilities that would be necessary if the Company was unable to continue as a going concern and such adjustments could be material.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>COVID-19 Impacts</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The full extent to which the COVID-19 pandemic may directly or indirectly impact the Company’s business, results of operations and financial condition, including expenses, research and development costs and employee-related amounts, will depend on future developments that are evolving and highly uncertain, such as the duration and severity of outbreaks, including potential future waves or cycles, and the effectiveness of actions taken to contain and treat COVID-19. The Company considered the potential impact of COVID-19 when making certain estimates and judgments relating to the preparation of these consolidated financial statements. While there was no material impact to the Company’s condensed consolidated interim financial statements as of and for the three and six months ended December 31, 2022, the Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in a material impact to the Company’s consolidated financial statements in future reporting periods.</p>
us-gaap Profit Loss
ProfitLoss
5600000 usd
us-gaap Profit Loss
ProfitLoss
7300000 usd
CY2022Q4 inm Accumulated Deficit
AccumulatedDeficit
99100000 usd
CY2022Q4 inm Cash And Cash Equivalent
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us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0pt"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The preparation of financial statements in compliance with US GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities as of the balance sheet date, and the corresponding revenues and expenses for the periods reported. It also requires management to exercise judgment in applying the Company’s accounting policies. In the future, actual experience may differ from these estimates and assumptions. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to these consolidated financial statements are the estimate of useful life of intangible assets, the application of the going concern assumption, and determining the fair value of share-based payments and warrants.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0pt"><b><i> </i></b></p>
CY2022Q4 inm Concentration Risk Percentage
ConcentrationRiskPercentage
0.67 pure
inm Concentration Risk Percentage
ConcentrationRiskPercentage
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inm Gross Outstanding Percentage
GrossOutstandingPercentage
0.55 pure
CY2021Q4 inm Concentration Risk Percentage
ConcentrationRiskPercentage
0.76 pure
inm Concentration Risk Percentage
ConcentrationRiskPercentage
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CY2022Q4 us-gaap Inventory Raw Materials
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CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
292577 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1724851 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
473426 usd
CY2022Q4 us-gaap Inventory Net
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1613506 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
2490854 usd
us-gaap Inventory Write Down
InventoryWriteDown
576772 usd
us-gaap Amortization Of Intangible Assets
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CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1420722 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
716800 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
516470 usd
CY2022Q4 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
703922 usd
CY2022Q2 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
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AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
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us-gaap Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
16111 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
6246 usd
us-gaap Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
10463 usd
CY2022Q4 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
90389 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
180633 usd
CY2021Q4 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
88265 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
109608 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1736420 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1736420 usd
CY2022Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
1191000 usd
CY2022Q2 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
1191000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
2927420 usd
CY2022Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
2927420 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
900491 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
818505 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2026929 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2108915 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P12Y
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P5Y
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
40993 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
81986 usd
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43551 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
78424 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
156847 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
156847 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
156847 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
156847 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1321117 usd
CY2022Q4 inm Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
2026929 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
770807 usd
CY2022Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
1166068 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
742515 usd
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
839638 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
387552 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
139120 usd
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
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CY2022 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
270439 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
1970265 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
2415265 usd
CY2022Q4 inm Total Common Share Value
TotalCommonShareValue
410376 usd
inm Total Common Share Value
TotalCommonShareValue
263372 usd
inm Share Of Number Of Cancelled
ShareOfNumberOfCancelled
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CY2022Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
18.5
CY2017Q1 inm Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
0.20 pure
CY2022Q4 inm Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodGross
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CY2022Q2 inm Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodGross
18163 shares
inm Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
0.20 pure
CY2022Q2 inm Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Numbers
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumbers
55603 shares
inm Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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inm Share Based Compensation Arrangement By Shares Based Payment Award Options Outstanding Weighted Average Exercise Price Granted
ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceGranted
1.85
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
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inm Share Based Compensation Arrangement By Shares Based Payment Award Options Outstanding Weighted Average Exercise Price Expired Forfeited
ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceExpiredForfeited
42.84
CY2022Q4 inm Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Numbers
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumbers
113478 shares
inm Share Based Compensation Arrangement By Shares Based Payments Awards Option Outstandings Weighted Average Exercise Price
ShareBasedCompensationArrangementBySharesBasedPaymentsAwardsOptionOutstandingsWeightedAverageExercisePrice
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inm Number Of Vested And Exercisable
NumberOfVestedAndExercisable
26813 shares
inm Weighted Average Exercise Price Vested And Exercisable
WeightedAverageExercisePriceVestedAndExercisable
203.76
inm Number Of Unvested
NumberOfUnvested
86665 shares
inm Weighted Average Exercise Price Unvested
WeightedAverageExercisePriceUnvested
13.2
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.37
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
21.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0374 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0117 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y3M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.2298 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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inm Weighted Average Forfeiture Rate
WeightedAverageForfeitureRate
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CY2022 inm Weighted Average Forfeiture Rate
WeightedAverageForfeitureRate
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CY2022Q4 us-gaap Allocated Share Based Compensation Expense
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CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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inm Allocated Share Based Compensation Expenses
AllocatedShareBasedCompensationExpenses
109113 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
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CY2022Q4 us-gaap Receivable With Imputed Interest Net Amount
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CY2022Q4 us-gaap Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
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inm Current Portion Of Lease Liabilities
CurrentPortionOfLeaseLiabilities
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CY2022Q4 inm Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.91
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-14.03
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2300526 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
553894 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q4 us-gaap Revenues
Revenues
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CY2021Q4 us-gaap Revenues
Revenues
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CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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CY2022Q4 us-gaap Costs And Expenses
CostsAndExpenses
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CY2021Q4 us-gaap Costs And Expenses
CostsAndExpenses
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CY2022Q4 us-gaap Operating Income Loss
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CY2022Q4 us-gaap Restricted Cash Noncurrent
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CY2021Q4 us-gaap Restricted Cash Noncurrent
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
265092 usd
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
573654 usd
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
153537 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
-576772 usd
us-gaap Costs And Expenses
CostsAndExpenses
-5353462 usd
us-gaap Costs And Expenses
CostsAndExpenses
-7316304 usd
us-gaap Other Income
OtherIncome
102030 usd
us-gaap Other Income
OtherIncome
-49680 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5611287 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-7254429 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
11452578 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
11279964 usd
CY2022Q3 us-gaap Common Unit Issued
CommonUnitIssued
44931 shares
CY2022Q3 inm Estimated Fair Value Common Shares
EstimatedFairValueCommonShares
451897 usd
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
118182 shares
CY2022Q4 inm Estimated Fair Value Common Shares
EstimatedFairValueCommonShares
239587 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
63871 usd
CY2021Q3 inm Estimated Fair Value Common Shares
EstimatedFairValueCommonShares
739920 usd
CY2021Q4 us-gaap Common Unit Issued
CommonUnitIssued
2050000 shares
CY2021Q4 inm Estimated Fair Value Common Shares
EstimatedFairValueCommonShares
3013500 usd
CY2022Q4 inm Cost Of Services Directs Materials
CostOfServicesDirectsMaterials
2353861 usd
CY2022 us-gaap Capital Expenditure Discontinued Operations
CapitalExpenditureDiscontinuedOperations
1592951 usd
CY2022 inm Expenditure Balance
ExpenditureBalance
760910 usd
us-gaap Production Costs
ProductionCosts
526704 usd
CY2022Q4 inm Guaranteed Investment
GuaranteedInvestment
43053 usd
CY2022Q2 inm Guaranteed Investment
GuaranteedInvestment
44676 usd
inm Warrants To Purchase
WarrantsToPurchase
700 shares
CY2022Q4 us-gaap Shares Issued
SharesIssued
700 shares
CY2022Q4 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
300000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
1551470 cad
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
1145450 usd
CY2022Q4 us-gaap Cash
Cash
11023864 usd
CY2022Q2 us-gaap Cash
Cash
5087615 usd
CY2022Q4 us-gaap Other Minority Interests
OtherMinorityInterests
428714 usd
CY2022Q2 us-gaap Other Minority Interests
OtherMinorityInterests
1089251 usd
CY2022Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
43053 usd
CY2022Q2 us-gaap Other Short Term Investments
OtherShortTermInvestments
44676 usd
CY2022Q4 inm Short Term Investment
ShortTermInvestment
11495631 usd
CY2022Q2 inm Short Term Investment
ShortTermInvestment
6221670 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2400743 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3181316 usd
CY2022Q4 inm Working Capital Surplus
workingCapitalSurplus
11616972 usd
CY2022Q2 inm Working Capital Surplus
workingCapitalSurplus
6416460 usd
us-gaap Legal Fees
LegalFees
491749 usd
CY2022Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2022Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
usd
inm Interest Incomeaccrued Received On Shortterm Investments
InterestIncomeaccruedReceivedOnShorttermInvestments
usd
inm Bad Debts
BadDebts
usd
inm Cash Acquired From Acquisition Of Bay Medica
CashAcquiredFromAcquisitionOfBayMedica
usd
us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
usd
inm Settlement Of Debt Upon Acquisition Of Subsidiary
SettlementOfDebtUponAcquisitionOfSubsidiary
usd
us-gaap Inventory Write Down
InventoryWriteDown
usd
CY2022Q4 inm Aggregate Intrinsic Value Cancelled
AggregateIntrinsicValueCancelled
usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-14.03
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.54
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.73
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1583073 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2300526 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
516933 shares
dei Amendment Flag
AmendmentFlag
false
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
553894 shares
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001728328

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