2019 Form 10-K Financial Statement
#000114036120003785 Filed on February 21, 2020
Income Statement
Concept | 2019 | 2018 Q4 | 2018 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $5.730M | $2.240M | $7.430M |
YoY Change | -22.88% | 37.42% | 11.9% |
% of Gross Profit | |||
Research & Development | $5.477M | $2.730M | $13.11M |
YoY Change | -58.22% | -16.26% | 22.34% |
% of Gross Profit | |||
Depreciation & Amortization | $3.000K | $10.00K | $50.00K |
YoY Change | -94.0% | 0.0% | 25.0% |
% of Gross Profit | |||
Operating Expenses | $4.193M | $4.966M | $20.54M |
YoY Change | -79.58% | 1.39% | 18.34% |
Operating Profit | -$4.193M | -$4.966M | -$20.54M |
YoY Change | -79.58% | 1.39% | 18.34% |
Interest Expense | $1.409M | $1.850M | $5.800M |
YoY Change | -75.71% | 41.22% | -173.05% |
% of Operating Profit | |||
Other Income/Expense, Net | -$68.00K | $1.850M | $6.169M |
YoY Change | -101.1% | 41.67% | -177.7% |
Pretax Income | -$6.169M | -$3.120M | -$14.37M |
YoY Change | -57.07% | -13.09% | -43.2% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$6.169M | -$3.117M | -$14.37M |
YoY Change | -57.07% | -13.25% | -43.2% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$8.727M | -$4.105M | -$20.83M |
COMMON SHARES | |||
Basic Shares Outstanding | 37.52M | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 | 2018 Q4 | 2018 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $12.22M | $14.73M | $14.73M |
YoY Change | -17.04% | -45.1% | -45.1% |
Cash & Equivalents | $9.220M | $8.744M | $8.740M |
Short-Term Investments | $3.000M | $5.980M | $5.980M |
Other Short-Term Assets | $450.0K | $555.4K | $1.180M |
YoY Change | -61.86% | 8.78% | -9.23% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $12.66M | $15.90M | $15.90M |
YoY Change | -20.38% | -43.49% | -43.5% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $280.0K | $112.5K | $110.0K |
YoY Change | 154.55% | -7.4% | -8.33% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $30.00K | $30.00K | $30.00K |
YoY Change | 0.0% | 0.0% | 0.0% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $310.0K | $143.3K | $140.0K |
YoY Change | 121.43% | -5.9% | -6.67% |
TOTAL ASSETS | |||
Total Short-Term Assets | $12.66M | $15.90M | $15.90M |
Total Long-Term Assets | $310.0K | $143.3K | $140.0K |
Total Assets | $12.97M | $16.04M | $16.04M |
YoY Change | -19.14% | -43.29% | -43.3% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $490.0K | $550.0K | $550.0K |
YoY Change | -10.91% | -38.89% | -38.89% |
Accrued Expenses | $920.0K | $2.610M | $2.610M |
YoY Change | -64.75% | 11.54% | 11.54% |
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 | $2.910M | $3.153M | $3.150M |
YoY Change | -7.62% | -2.4% | -2.48% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $110.0K | $2.330M | $2.330M |
YoY Change | -95.28% | -71.89% | -71.89% |
Total Long-Term Liabilities | $110.0K | $2.330M | $2.330M |
YoY Change | -95.28% | -71.89% | -71.89% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.910M | $3.153M | $3.150M |
Total Long-Term Liabilities | $110.0K | $2.330M | $2.330M |
Total Liabilities | $3.010M | $5.480M | $5.480M |
YoY Change | -45.07% | -52.43% | -52.43% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$154.7M | ||
YoY Change | 10.24% | ||
Common Stock | $165.3M | ||
YoY Change | 5.17% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $9.960M | -$1.699M | $10.56M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $12.97M | $16.04M | $16.04M |
YoY Change | -19.14% | -43.29% | -43.3% |
Cashflow Statement
Concept | 2019 | 2018 Q4 | 2018 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.169M | -$3.117M | -$14.37M |
YoY Change | -57.07% | -13.25% | -43.2% |
Depreciation, Depletion And Amortization | $3.000K | $10.00K | $50.00K |
YoY Change | -94.0% | 0.0% | 25.0% |
Cash From Operating Activities | -$3.593M | -$4.620M | -$18.84M |
YoY Change | -80.93% | 24.86% | 22.17% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $25.00K | $0.00 | -$40.00K |
YoY Change | -162.5% | -100.0% | -50.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $3.120M | $2.000M | $11.95M |
YoY Change | -73.89% | -166.45% | -228.49% |
Cash From Investing Activities | -$25.00K | $2.000M | $11.91M |
YoY Change | -100.21% | -165.36% | -227.08% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $7.654M | $6.873M | |
YoY Change | 11.36% | -58.8% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 4.704M | 6.770M | 6.773M |
YoY Change | -30.55% | -9.01% | -69.37% |
NET CHANGE | |||
Cash From Operating Activities | -3.593M | -4.620M | -18.84M |
Cash From Investing Activities | -25.00K | 2.000M | 11.91M |
Cash From Financing Activities | 4.704M | 6.770M | 6.773M |
Net Change In Cash | 1.086M | 4.150M | -154.9K |
YoY Change | -801.31% | 510.29% | -94.22% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.593M | -$4.620M | -$18.84M |
Capital Expenditures | $25.00K | $0.00 | -$40.00K |
Free Cash Flow | -$3.618M | -$4.620M | -$18.80M |
YoY Change | -80.75% | 26.92% | 22.55% |
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CY2019Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | |
CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | |
CY2019Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | |
CY2019Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3122843 | |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4019141 | |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3122843 | |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4019141 | |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
312 | |
CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
402 | |
CY2018Q4 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | |
CY2019Q4 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | |
CY2018Q4 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | |
CY2019Q4 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
16042926 | |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
12968772 | |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3152550 | |
CY2019Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2905496 | |
CY2018Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
2307586 | |
CY2019Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
41717 | |
CY2019 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:10.8pt 0pt 0pt;text-indent:22.5pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-style:italic;">Concentration of Credit Risk</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">ASC 825, “Financial Instruments,” requires disclosure of any significant off balance sheet risk and credit risk concentration. The Company does not have significant off</font><font style="display: inline;">‑balance sheet risk or credit concentration</font><font style="display: inline;">. The Company maintains cash and cash equivalents with major financial institutions. From time to time the Company has funds on deposit with commercial banks that exceed federally insured limits. The balances are insured by the Federal Deposit Insurance Corporation up to $250,000. </font><font style="display: inline;"> </font><font style="display: inline;">At December 31, 201</font><font style="display: inline;">9</font><font style="display: inline;">, the Company’s uninsured cash balance was </font><font style="display: inline;">$8,969,547</font><font style="display: inline;">.</font><font style="display: inline;"> </font><font style="display: inline;"> Management does not consider this to be a significant credit risk as the banks are large, established financial institutions.</font> </p> <p><font size="1"> </font></p> </div> </div> | |
CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
1500000 | |
CY2019 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
0 | |
CY2018Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
19900 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
||
CY2019Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
||
CY2018Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
41184000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
43844000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
1608000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
1191000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
42987000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
45499000 | |
CY2018 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
120558 | |
CY2019 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
71568 | |
CY2019 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.02 | |
CY2019 | us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
|
0.03 | |
CY2018 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
48211 | |
CY2019 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
40992 | |
CY2018 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-5.25 | |
CY2019 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.18 | |
CY2018Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
682263 | |
CY2018 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-5546049 | |
CY2019 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2265869 | |
CY2018Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | |
CY2019Q4 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | |
CY2018Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | |
CY2019Q4 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
155280 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
17274 | |
CY2019 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-9594 | |
CY2018 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7428615 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1886819 | |
CY2019 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
1500000 | |
CY2018 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
36824 | |
CY2019 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-3724 | |
CY2019 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-608143 | |
CY2018 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
22650 | |
CY2019 | us-gaap |
Lease Cost
LeaseCost
|
229701 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.11 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
220644 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
65364 | |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
5480036 | |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
3010818 | |
CY2019 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 0pt 21.6pt;text-indent:-21.6pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-weight:bold;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">1.</font><font style="display: inline;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">Operations and Organization</font> </p> <p style="margin:10.8pt 0pt 0pt 23.75pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">Rexahn Pharmaceuticals, Inc. (the “Company”), a Delaware corporation, is a biopharmaceutical company whose principal operations are the development of innovative treatments for cancer. The Company had an accumulated deficit of </font><font style="display: inline;">$</font><font style="display: inline;color:#000000;">163,322,676</font><font style="display: inline;"> at December 31, 2019 and anticipates incurring losses in the foreseeable future. In September 2019, the Company commenced a process to explore and evaluate strategic alternatives to enhance shareholder value and engaged a financial advisory firm to assist in the process.</font><font style="display: inline;"> </font> </p> <p style="margin:0pt 0pt 0pt 23.75pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt 0pt 0pt 23.75pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">The Company believes that its cash, cash equivalents and marketable securities of approximately </font><font style="display: inline;">$12.2</font><font style="display: inline;"> million as of December 31, 2019 will be sufficient to cover its cash flow requirements for its current activities for at least the next 12 months from the date these financial statements were issued. </font> </p> <p style="margin:10.8pt 0pt 0pt 23.75pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;background-color:yellow;"></font> </p> <p><font size="1"> </font></p> </div> </div> | |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6772789 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7653828 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
11910996 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3098551 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18838638 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10277133 | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8635434 | |
CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
6169143 | |
CY2019 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
200948 | |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
203370 | |
CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
139765 | |
CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
63605 | |
CY2019 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
197224 | |
CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
203348 | |
CY2019Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y6M | |
CY2018Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
147086000 | |
CY2019Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
156586000 | |
CY2019 | us-gaap |
Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
|
2021-12-31 | |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
1782131 | |
CY2018Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
555430 | |
CY2019Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
447206 | |
CY2018 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
39050 | |
CY2019 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
19920 | |
CY2018 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
39050 | |
CY2019 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
19920 | |
CY2018Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
618417 | |
CY2018 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
100000 | |
CY2018 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
39224 | |
CY2019 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
19383 | |
CY2019 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
8887566 | |
CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2019Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1173847 | |
CY2019Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
447206 | |
CY2019 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;text-indent:22.5pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-style:italic;">Reclassification</font> </p> <p style="margin:10.8pt 0pt 0pt 22.5pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">Certain amounts in the prior year’s financial statements have been reclassified to conform to the current year presentation with no material impact on the financial statements.</font> </p> <p><font size="1"> </font></p> </div> </div> | |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6872789 | |
CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7653828 | |
CY2018 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
11950220 | |
CY2019 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
12000000 | |
CY2019 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
5500 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
821590 | |
CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
347493 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
112473 | |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
75770 | |
CY2018 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
13109058 | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-154687242 | |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-163322676 | |
CY2019 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
3000000 | |
CY2019 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
380935 | |
CY2018Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
30785 | |
CY2019Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
25681 | |
CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1228335 | |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
456750 | |
CY2018Q4 | us-gaap |
Share Price
SharePrice
|
15.60 | |
CY2019Q1 | us-gaap |
Share Price
SharePrice
|
9.60 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16768596 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10562890 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9957954 | |
CY2019Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
0.083 | |
CY2018Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
480770 | |
CY2019Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
895834 | |
CY2018 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
22650 | |
CY2018 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6872789 | |
CY2019 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
7553828 | |
CY2019 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:10.8pt 0pt 0pt 23.75pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-style:italic;">Use of Estimates</font><font style="display: inline;"> </font> </p> <p style="margin:0pt 0pt 0pt 23.75pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America </font><font style="display: inline;">(“U.S. GAAP”) </font><font style="display: inline;">requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Actual results may ultimately differ from these estimates. These estimates are reviewed periodically and as adjustments become necessary, they are reported in earnings in the period in which they become available.</font> </p> <p><font size="1"> </font></p> </div> </div> | |
CY2019 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
28753 |