2023 Q3 Form 10-K Financial Statement
#000121390023080842 Filed on September 29, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
Revenue | $901.9K | $2.310M | $4.136M |
YoY Change | 181.14% | 348.75% | 279.61% |
Cost Of Revenue | $787.7K | $740.0K | $2.424M |
YoY Change | 235.14% | 179.2% | 343.97% |
Gross Profit | $21.24K | $1.570M | $1.403M |
YoY Change | -104.33% | 528.7% | 158.13% |
Gross Profit Margin | 2.36% | 67.97% | 33.93% |
Selling, General & Admin | $1.300M | $1.410M | $5.850M |
YoY Change | -16.69% | -19.08% | -12.25% |
% of Gross Profit | 6119.95% | 89.81% | 416.95% |
Research & Development | $1.292M | $620.0K | $3.732M |
YoY Change | -6.28% | -58.69% | -48.75% |
% of Gross Profit | 6082.73% | 39.49% | 266.0% |
Depreciation & Amortization | $54.83K | $50.00K | $202.2K |
YoY Change | 11.79% | -7.39% | 8.94% |
% of Gross Profit | 258.13% | 3.18% | 14.42% |
Operating Expenses | $2.694M | $2.090M | $9.782M |
YoY Change | -9.84% | -36.61% | -45.07% |
Operating Profit | -$2.537M | -$520.0K | -$7.948M |
YoY Change | -27.73% | -82.94% | -57.27% |
Interest Expense | $90.00K | $180.0K | $440.0K |
YoY Change | -471.9% | -603.64% | -2150.33% |
% of Operating Profit | |||
Other Income/Expense, Net | $136.0K | $431.2K | |
YoY Change | 106.79% | -132.81% | |
Pretax Income | -$2.537M | -$340.0K | -$7.935M |
YoY Change | -27.59% | -95.68% | -57.34% |
Income Tax | $0.00 | $13.10K | |
% Of Pretax Income | |||
Net Earnings | -$2.500M | -$340.0K | -$7.948M |
YoY Change | -28.78% | -95.68% | -57.27% |
Net Earnings / Revenue | -277.2% | -14.72% | -192.18% |
Basic Earnings Per Share | -$0.76 | -$3.25 | |
Diluted Earnings Per Share | -$0.76 | -$0.10 | -$3.25 |
COMMON SHARES | |||
Basic Shares Outstanding | 3.328M shares | 3.328M shares | 2.448M shares |
Diluted Shares Outstanding | 3.328M shares | 2.448M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.780M | $8.960M | $8.960M |
YoY Change | -27.82% | 44.01% | 44.01% |
Cash & Equivalents | $6.738M | $8.913M | $8.910M |
Short-Term Investments | $40.00K | $40.00K | $40.00K |
Other Short-Term Assets | $220.0K | $500.0K | $500.0K |
YoY Change | -38.32% | -37.28% | -37.28% |
Inventory | $1.133M | $1.616M | $1.620M |
Prepaid Expenses | |||
Receivables | $165.9K | $260.4K | $260.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $8.295M | $11.33M | $11.33M |
YoY Change | -28.14% | 18.07% | 18.05% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $615.1K | $723.4K | $720.0K |
YoY Change | -23.35% | -20.0% | -20.38% |
Goodwill | |||
YoY Change | |||
Intangibles | $1.946M | ||
YoY Change | -7.71% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $101.8K | $104.9K | $100.0K |
YoY Change | -40.52% | -40.61% | -43.39% |
Total Long-Term Assets | $2.622M | $2.775M | $2.780M |
YoY Change | -13.79% | -13.02% | -12.85% |
TOTAL ASSETS | |||
Total Short-Term Assets | $8.295M | $11.33M | $11.33M |
Total Long-Term Assets | $2.622M | $2.775M | $2.780M |
Total Assets | $10.92M | $14.11M | $14.11M |
YoY Change | -25.14% | 10.31% | 10.34% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $380.0K | $540.0K | $540.0K |
YoY Change | -65.34% | -53.69% | -53.69% |
Accrued Expenses | $960.0K | $1.440M | $1.440M |
YoY Change | -42.52% | -12.91% | -12.91% |
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 | $1.339M | $2.001M | $2.000M |
YoY Change | -59.19% | -39.73% | -39.75% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $20.00K | $20.00K |
YoY Change | -100.0% | -94.87% | -94.87% |
Total Long-Term Liabilities | $0.00 | $20.00K | $20.00K |
YoY Change | -100.0% | -94.87% | -94.87% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.339M | $2.001M | $2.000M |
Total Long-Term Liabilities | $0.00 | $20.00K | $20.00K |
Total Liabilities | $1.339M | $2.017M | $2.020M |
YoY Change | -62.55% | -45.63% | -45.54% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$103.9M | -$101.4M | |
YoY Change | 7.15% | 8.5% | |
Common Stock | $113.4M | $77.62M | |
YoY Change | 56.03% | 9.76% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $9.578M | $12.09M | $12.09M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.92M | $14.11M | $14.11M |
YoY Change | -25.14% | 10.31% | 10.34% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.500M | -$340.0K | -$7.948M |
YoY Change | -28.78% | -95.68% | -57.27% |
Depreciation, Depletion And Amortization | $54.83K | $50.00K | $202.2K |
YoY Change | 11.79% | -7.39% | 8.94% |
Cash From Operating Activities | -$2.174M | -$650.0K | -$7.283M |
YoY Change | -3.61% | -83.94% | -53.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $160.0K | $160.0K | |
YoY Change | 309.16% | ||
Acquisitions | $500.0K | ||
YoY Change | |||
Other Investing Activities | $0.00 | $130.0K | $1.790K |
YoY Change | -117.92% | -100.28% | |
Cash From Investing Activities | -$30.00K | -$661.8K | |
YoY Change | -95.86% | -1.66% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $12.00M | ||
YoY Change | -30.01% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | $10.68M | |
YoY Change | -100.0% | -29.13% | |
NET CHANGE | |||
Cash From Operating Activities | -$2.174M | -650.0K | -$7.283M |
Cash From Investing Activities | -30.00K | -$661.8K | |
Cash From Financing Activities | 0.000 | $10.68M | |
Net Change In Cash | -$2.174M | -680.0K | $2.736M |
YoY Change | -168.51% | -344.12% | -330.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.174M | -$650.0K | -$7.283M |
Capital Expenditures | $160.0K | $160.0K | |
Free Cash Flow | -$810.0K | -$7.443M | |
YoY Change | -79.99% | -52.36% |
Facts In Submission
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---|---|---|---|---|
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2023-06-30 | |
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INMED PHARMACEUTICALS INC. | |
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Suite 310 – 815 W Hastings | |
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Vancouver | |
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192492 | usd |
CY2022 | inm |
Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
|
315 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
3013500 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
79879 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
1314307 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18600117 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
697894 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9078541 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7947622 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18600117 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
202249 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
185657 | usd |
CY2023 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
278155 | usd |
CY2022 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
697894 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
79879 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
393748 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
326133 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-11355 | usd |
CY2023 | us-gaap |
Interest Income Short Term Investment Other
InterestIncomeShortTermInvestmentOther
|
803 | usd |
CY2022 | us-gaap |
Interest Income Short Term Investment Other
InterestIncomeShortTermInvestmentOther
|
115 | usd |
CY2023 | us-gaap |
Unrealized Loss On Foreign Currency Derivatives Before Tax
UnrealizedLossOnForeignCurrencyDerivativesBeforeTax
|
1183 | usd |
CY2022 | us-gaap |
Unrealized Loss On Foreign Currency Derivatives Before Tax
UnrealizedLossOnForeignCurrencyDerivativesBeforeTax
|
1770 | usd |
CY2022 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
3472593 | usd |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
308937 | usd |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
46775 | usd |
CY2022 | inm |
Warrant Modification Expenses
WarrantModificationExpenses
|
1314307 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-565561 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2003732 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-299192 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-190661 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-5507 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
61432 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
219147 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
40008 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-806530 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-811599 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
16171 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-5142 | usd |
CY2023 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
426575 | usd |
CY2022 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
341862 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7283199 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-15583758 | usd |
CY2022 | inm |
Cash Acquired From Acqusition
CashAcquiredFromAcqusition
|
91566 | usd |
CY2023 | us-gaap |
Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
|
500000 | usd |
CY2022 | us-gaap |
Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
|
300457 | usd |
CY2023 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1790 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
160014 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
39108 | usd |
CY2023 | inm |
Sale Of Shortterm Investments
SaleOfShorttermInvestments
|
-42268 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
42268 | usd |
CY2022 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
425000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-661804 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-672999 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
12000436 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
17146114 | usd |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1319782 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1784791 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
290826 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10680654 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
15070497 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2735651 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1186260 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6176866 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7363126 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8912517 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6176866 | usd |
CY2023 | inm |
Preferred Investment Options To Its Placement Agent
PreferredInvestmentOptionsToItsPlacementAgent
|
691484 | usd |
CY2022 | inm |
Preferred Investment Options To Its Placement Agent
PreferredInvestmentOptionsToItsPlacementAgent
|
192491 | usd |
CY2022 | inm |
Shortterm Loan
ShorttermLoan
|
-739920 | usd |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
3013500 | usd |
CY2023 | 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; text-align: left"><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 0pt 0pt 0.25in; text-align: justify; text-indent: 0pt"><b><i>Business</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: 14.7pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">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: 14.7pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">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: 1.2pt"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; 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"><b><i>Going Concern</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.3pt; text-align: justify; text-indent: 14.7pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (Subtopic 205-40), the Company has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s 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; text-indent: -21.3pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">Through June 30, 2023, 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 $7.9 million and $18.6 million for the years ended June 30, 2023 and 2022, respectively. In addition, the Company had an accumulated deficit of approximately $101.4 million at June 30, 2023. 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; text-indent: 0.25in">As of the issuance date of these consolidated annual financial statements, the Company expects its cash, cash equivalents and short-term investments of $9.0 million as of June 30, 2023 will be sufficient to fund its operating expenses and capital expenditure requirements into the first quarter of calendar 2024, depending on the level and timing of realizing BayMedica revenues from the sale of bulk rare cannabinoids in the health & wellness sector 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. 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 0.25in; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">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 0 0pt 0.25in; text-align: justify; text-indent: 0.25in">These consolidated 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 consolidated 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 0pt 0pt 0.25in; text-align: justify; text-indent: 0pt"><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"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">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 consolidated financial statements as of and for the and for the year ended June 30, 2023, 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> | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
7900000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
18600000 | usd |
CY2023Q2 | us-gaap |
Cumulative Earnings Deficit
CumulativeEarningsDeficit
|
101400000 | usd |
CY2023Q2 | us-gaap |
Cash
Cash
|
9000000 | usd |
CY2023 | us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><b><i>Reclassifications</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">Certain prior year amounts in the consolidated financial statements and the notes thereto have been reclassified where necessary to conform to the current year’s presentation. These reclassifications did not affect the prior period’s total assets, total liabilities, stockholders’ deficit, net loss or net cash used in operating activities.</p> | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<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 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">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, income tax provisions, write-down of inventories to net realizable value, and warrant valuations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">Actual results could differ from those estimates.</p> | |
CY2023Q2 | inm |
Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
|
1946279 | usd |
CY2023Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
66775 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
20000 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0pt"><b><i>Concentration of Credit Risk and Other Risks and Uncertainties</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.25in">At times, cash balances may exceed the Federal Deposit Insurance Corporation (“FDIC”) or Canadian Deposit Insurance Corporation (CDIC) insurable limits. The Company has not experienced any losses related to these balances. The uninsured cash balance as of June 30, 2023, was $3.8 million. The Company does not believe it is exposed to significant credit risk on cash and cash equivalents.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">The Company’s customers are primarily concentrated in the United States.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.25in">As of June 30, 2023, we had three customers with an accounts receivable balance representing 41%, 30% and 15% of total accounts receivable.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 0.25in">For the year ended June 30, 2023, the Company had four customers that accounted for 22%, 17%, 16% and 11% of revenue. For the year ended June 30, 2022, the Company had three customer that accounted for 21%, 20%, and 11% of revenue.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> | |
CY2023Q2 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
3800000 | usd |
CY2023Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
93820 | usd |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
308937 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
82000 | shares |
CY2023Q2 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P18Y | |
CY2022 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
1449554 | usd |
CY2023 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | pure |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2023039 | usd |
CY2021Q4 | us-gaap |
Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
|
1000000 | usd |
CY2023Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
usd | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3619171 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
560731 | shares |
CY2022Q2 | inm |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
839638 | usd |
CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
542305 | usd |
CY2022Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
139120 | usd |
CY2023Q2 | us-gaap |
Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
|
P12M | |
CY2023Q2 | inm |
Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
|
357664 | usd |
CY2023Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
208737 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
292577 | usd |
CY2023Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
514113 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1724851 | usd |
CY2023Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
893506 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
473426 | usd |
CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
1616356 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
2490854 | usd |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
308937 | usd |
CY2023Q2 | us-gaap |
Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
93820 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1648747 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1420722 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
925321 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
516470 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
|
723426 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
|
904252 | usd |
CY2023 | us-gaap |
Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
|
39613 | usd |
CY2022 | us-gaap |
Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
|
26426 | usd |
CY2023 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
369239 | usd |
CY2022 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
289594 | usd |
CY2022Q2 | us-gaap |
Goodwill Gross
GoodwillGross
|
2023039 | usd |
CY2022Q2 | us-gaap |
Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
|
216000 | usd |
CY2022Q2 | inm |
Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
|
270439 | usd |
CY2023Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1608735 | usd |
CY2022Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2415265 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2108915 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1946279 | usd |
CY2022Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
2000000 | usd |
CY2022 | us-gaap |
Impairment Charge On Reclassified Assets
ImpairmentChargeOnReclassifiedAssets
|
1200000 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
200000 | usd |
CY2023Q2 | inm |
Finite Lived Intellectual Property
FiniteLivedIntellectualProperty
|
1736420 | usd |
CY2022Q2 | inm |
Finite Lived Intellectual Property
FiniteLivedIntellectualProperty
|
1736420 | usd |
CY2023Q2 | us-gaap |
Finite Lived Patents Gross
FiniteLivedPatentsGross
|
1191000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Patents Gross
FiniteLivedPatentsGross
|
1191000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2927420 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2927420 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
981141 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
818505 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1946279 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2108915 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P18Y | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P18Y | |
CY2023 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P12Y | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
159228 | usd | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
158935 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
158935 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
158935 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
158935 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
158935 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
1151604 | usd |
CY2021Q4 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
425000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P18Y | |
CY2023 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1365755 | usd |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-19260014 | usd |
CY2023 | us-gaap |
Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
|
-34.34 | |
CY2023 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
560829 | shares |
CY2023Q2 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
544179 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
1166068 | usd |
CY2023Q2 | inm |
Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
|
164587 | usd |
CY2022Q3 | inm |
Total Common Share Value
TotalCommonShareValue
|
410376 | usd |
CY2022Q4 | inm |
Total Common Share Value
TotalCommonShareValue
|
263372 | usd |
CY2020Q3 | inm |
Total Common Share Value
TotalCommonShareValue
|
1459051 | usd |
CY2022Q2 | inm |
Total Common Share Value
TotalCommonShareValue
|
754072 | usd |
CY2022Q2 | inm |
Prefunded Warrants
PrefundedWarrants
|
69930 | usd |
CY2022Q2 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
1499999 | usd |
CY2023 | inm |
Prefunded Warrant
PrefundedWarrant
|
2269430 | shares |
CY2022 | inm |
Prefunded Warrant
PrefundedWarrant
|
293952 | shares |
CY2023 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.0001 | |
CY2021Q3 | inm |
Ipo Warrant Issue
IPOWarrantIssue
|
161453 | shares |
CY2021Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
71.2 | |
CY2021Q3 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P5Y | |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
18.5 | |
CY2022Q2 | inm |
Warrant Expiry Date
WarrantExpiryDate
|
2029-06-06 | |
CY2021Q3 | inm |
Warrants Modification Expense
WarrantsModificationExpense
|
1194752 | usd |
CY2017Q1 | inm |
Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
|
0.20 | pure |
CY2023 | inm |
Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
|
0.20 | pure |
CY2021Q2 | inm |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Numbers
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumbers
|
36472 | shares |
CY2021Q2 | inm |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price At Beginning
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceAtBeginning
|
215.35 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
31160 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
34.2 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
12029 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
122.38 | |
CY2022Q2 | inm |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Numbers
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumbers
|
55603 | shares |
CY2022Q2 | inm |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price At Ending
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceAtEnding
|
128.59 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
61720 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.85 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
14681 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
267.13 | |
CY2023Q2 | inm |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Numbers
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumbers
|
102642 | shares |
CY2023Q2 | inm |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price At Ending
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceAtEnding
|
31.28 | |
CY2022 | inm |
Number Of Vested And Exercisable
NumberOfVestedAndExercisable
|
26182 | shares |
CY2022 | inm |
Weighted Average Exercise Price Vested And Exercisable
WeightedAverageExercisePriceVestedAndExercisable
|
228.87 | |
CY2022 | inm |
Number Of Unvested
NumberOfUnvested
|
29421 | shares |
CY2022 | inm |
Weighted Average Exercise Price Unvested
WeightedAverageExercisePriceUnvested
|
39.35 | |
CY2023 | inm |
Number Of Vested And Exercisable
NumberOfVestedAndExercisable
|
51067 | shares |
CY2023 | inm |
Weighted Average Exercise Price Vested And Exercisable
WeightedAverageExercisePriceVestedAndExercisable
|
57.44 | |
CY2023 | inm |
Number Of Unvested
NumberOfUnvested
|
51575 | shares |
CY2023 | inm |
Weighted Average Exercise Price Unvested
WeightedAverageExercisePriceUnvested
|
5.38 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.85 | |
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 | |
CY2023 | 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 |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P3Y3M18D | |
CY2023 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
|
1.2298 | pure |
CY2022 | us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
|
0.9715 | pure |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2023 | inm |
Weighted Average Forfeiture Rate
WeightedAverageForfeitureRate
|
0.05 | pure |
CY2022 | inm |
Weighted Average Forfeiture Rate
WeightedAverageForfeitureRate
|
0.05 | pure |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
278154 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
697894 | usd |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
51575 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P3Y7M6D | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
384713 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
9017 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2023 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
391707 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
375713 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
15994 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
553392 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
241270 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
248254 | usd |
CY2023Q2 | inm |
Deferred Income Tax Lease Liability
DeferredIncomeTaxLeaseLiability
|
98827 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.27 | pure |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7947622 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18600117 | usd |
CY2023 | inm |
Effective Income Tax Rate Reconciliation Income Tax Expenserecovery At The Statutory Rate
EffectiveIncomeTaxRateReconciliationIncomeTaxExpenserecoveryAtTheStatutoryRate
|
-2073116 | usd |
CY2022 | inm |
Effective Income Tax Rate Reconciliation Income Tax Expenserecovery At The Statutory Rate
EffectiveIncomeTaxRateReconciliationIncomeTaxExpenserecoveryAtTheStatutoryRate
|
-4710669 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
2532867 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
4112045 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
9638 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-220491 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
76605 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
613269 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
417194 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
591263 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
553877 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
582548 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
396211 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
-197131 | usd |
CY2023 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
13100 | usd |
CY2023Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
67875659 | usd |
CY2022Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
62921785 | usd |
CY2023 | us-gaap |
Federal State And Local Income Tax Expense Benefit Continuing Operations
FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
4295287 | usd |
CY2023 | us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
3328922 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
19490270 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
17003766 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
|
1265542 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
|
702479 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
11638 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
193549 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
131714 | usd |
CY2022Q2 | inm |
Deferred Income Tax Lease Liability
DeferredIncomeTaxLeaseLiability
|
51994 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
21239261 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
18753434 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
119889 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
16546 | usd |
CY2023Q2 | inm |
Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
|
91377 | usd |
CY2022Q2 | inm |
Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
|
55260 | usd |
CY2023Q2 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
211266 | usd |
CY2022Q2 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
71806 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
21027995 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
18681628 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
21027995 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
18681628 | usd |
CY2023 | inm |
Recognized Tax Benefits
RecognizedTaxBenefits
|
0.50 | pure |
CY2023 | us-gaap |
Revenues
Revenues
|
4135561 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
1089435 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2423588 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
545889 | usd |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
308937 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
9781823 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
17807895 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
431165 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1335768 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7947622 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18600117 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8912517 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6176866 | usd |
CY2023Q2 | inm |
Cost Of Services Directs Materials
CostOfServicesDirectsMaterials
|
2 | usd |
CY2023 | us-gaap |
Cost Direct Material
CostDirectMaterial
|
0.7 | usd |
CY2023 | inm |
Investment Term
InvestmentTerm
|
P1Y | |
CY2023Q2 | us-gaap |
Borrowings Under Guaranteed Investment Agreements
BorrowingsUnderGuaranteedInvestmentAgreements
|
44422 | usd |
CY2022Q2 | us-gaap |
Borrowings Under Guaranteed Investment Agreements
BorrowingsUnderGuaranteedInvestmentAgreements
|
44676 | usd |
CY2023 | inm |
Warrants To Purchase
WarrantsToPurchase
|
700 | shares |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
700 | shares |
CY2023 | inm |
Agreement Amount
AgreementAmount
|
300000 | usd |
us-gaap |
Legal Fees
LegalFees
|
345935 | usd | |
CY2023 | us-gaap |
Legal Fees
LegalFees
|
634208 | usd |
CY2023Q3 | us-gaap |
Share Price
SharePrice
|
1 | |
CY2022 | inm |
Inventory Writedown
InventoryWritedown
|
usd | |
CY2023 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
usd | |
CY2023 | inm |
Warrant Modification Expense
WarrantModificationExpense
|
usd | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2023 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
usd | |
CY2023 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
usd | |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | |
CY2023 | inm |
Warrant Modification Expenses
WarrantModificationExpenses
|
usd | |
CY2023 | inm |
Cash Acquired From Acqusition
CashAcquiredFromAcqusition
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
usd | |
CY2023 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2023 | inm |
Shortterm Loan
ShorttermLoan
|
usd | |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
usd | |
CY2023 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
usd | |
CY2022Q2 | us-gaap |
Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
usd | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
usd | |
CY2023Q2 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
usd | |
CY2022Q2 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
usd | |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001728328 |