$ISCO
International Stem Cell CORP

2015 Q2 Form 10-Q Financial Statement

#000156459015007278 Filed on August 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q4 2014 Q2
Revenue $1.815M $1.820M $1.588M
YoY Change 14.29% 4.6% 8.99%
Cost Of Revenue $516.0K $560.0K $409.0K
YoY Change 26.16% 5.66% 24.32%
Gross Profit $1.299M $1.260M $1.179M
YoY Change 10.18% 5.0% 4.52%
Gross Profit Margin 71.57% 69.23% 74.24%
Selling, General & Admin $1.669M $1.980M $2.011M
YoY Change -17.01% -10.41% -14.21%
% of Gross Profit 128.48% 157.14% 170.57%
Research & Development $567.0K $1.630M $1.411M
YoY Change -59.82% 77.17% 44.87%
% of Gross Profit 43.65% 129.37% 119.68%
Depreciation & Amortization $95.00K $110.0K $101.0K
YoY Change -5.94% 0.0% 1.0%
% of Gross Profit 7.31% 8.73% 8.57%
Operating Expenses $2.236M $3.600M $3.422M
YoY Change -34.66% 14.65% 3.13%
Operating Profit -$937.0K -$2.340M -$2.243M
YoY Change -58.23% 20.62% 2.42%
Interest Expense $2.000K $510.0K $1.000K
YoY Change 100.0% -165.38% 0.0%
% of Operating Profit
Other Income/Expense, Net $1.660M -$2.770M -$2.167M
YoY Change -176.6% 5440.0% 26987.5%
Pretax Income $723.0K -$4.600M -$4.410M
YoY Change -116.39% 66.06% 100.45%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $723.0K -$4.600M -$4.410M
YoY Change -116.39% 66.06% 100.45%
Net Earnings / Revenue 39.83% -252.75% -277.71%
Basic Earnings Per Share $0.40 -$3.88
Diluted Earnings Per Share -$0.52 -$3.026M -$3.88
COMMON SHARES
Basic Shares Outstanding 1.800M 1.138M
Diluted Shares Outstanding 1.881M 1.138M

Balance Sheet

Concept 2015 Q2 2014 Q4 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $550.0K $1.110M $750.0K
YoY Change -26.67% -50.45% 15.38%
Cash & Equivalents $550.0K $1.111M $748.0K
Short-Term Investments
Other Short-Term Assets $620.0K $540.0K $590.0K
YoY Change 5.08% -23.94% -16.9%
Inventory $1.760M $1.517M $1.470M
Prepaid Expenses
Receivables $360.0K $453.0K $406.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.300M $3.616M $3.213M
YoY Change 2.71% -21.83% 0.69%
LONG-TERM ASSETS
Property, Plant & Equipment $550.0K $714.0K $847.0K
YoY Change -35.06% -13.98% -8.73%
Goodwill
YoY Change
Intangibles $2.795M $2.522M
YoY Change 24.22% 29.53%
Long-Term Investments
YoY Change
Other Assets $60.00K $50.00K $30.00K
YoY Change 100.0% 66.67% 0.0%
Total Long-Term Assets $3.590M $3.563M $3.402M
YoY Change 5.53% 14.46% 17.03%
TOTAL ASSETS
Total Short-Term Assets $3.300M $3.616M $3.213M
Total Long-Term Assets $3.590M $3.563M $3.402M
Total Assets $6.890M $7.179M $6.615M
YoY Change 4.16% -7.24% 8.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $580.0K $670.0K $798.0K
YoY Change -27.32% 25.94% 7.4%
Accrued Expenses $1.310M $1.711M $960.0K
YoY Change 36.46% 32.64% -30.89%
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 $6.080M $6.858M $2.039M
YoY Change 198.19% -2.32% -20.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.080M $6.858M $2.039M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $6.080M $6.860M $2.040M
YoY Change 198.04% -2.28% -20.93%
SHAREHOLDERS EQUITY
Retained Earnings -$95.31M -$94.75M -$88.12M
YoY Change 8.17% 15.17% 16.39%
Common Stock $239.0K $214.0K
YoY Change 58.28% 89.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $805.0K $321.0K -$365.0K
YoY Change
Total Liabilities & Shareholders Equity $6.885M $7.179M $6.615M
YoY Change 4.08% -7.24% 8.48%

Cashflow Statement

Concept 2015 Q2 2014 Q4 2014 Q2
OPERATING ACTIVITIES
Net Income $723.0K -$4.600M -$4.410M
YoY Change -116.39% 66.06% 100.45%
Depreciation, Depletion And Amortization $95.00K $110.0K $101.0K
YoY Change -5.94% 0.0% 1.0%
Cash From Operating Activities -$2.130M -$1.970M -$1.330M
YoY Change 60.15% 39.72% 27.88%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$240.0K -$400.0K
YoY Change -52.5% -38.46% 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$190.0K -$240.0K -$400.0K
YoY Change -52.5% -38.46% 100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $550.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.260M 2.840M 1.480M
YoY Change 52.7% 27.35%
NET CHANGE
Cash From Operating Activities -2.130M -1.970M -1.330M
Cash From Investing Activities -190.0K -240.0K -400.0K
Cash From Financing Activities 2.260M 2.840M 1.480M
Net Change In Cash -60.00K 630.0K -250.0K
YoY Change -76.0% 46.51% -79.84%
FREE CASH FLOW
Cash From Operating Activities -$2.130M -$1.970M -$1.330M
Capital Expenditures -$190.0K -$240.0K -$400.0K
Free Cash Flow -$1.940M -$1.730M -$930.0K
YoY Change 108.6% 69.61% 10.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Revenue Recognition Sales Of Goods
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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Product Sales </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company recognizes revenue from product sales at the time of shipment to the customer, provided no significant obligations remain and collection of the receivable is reasonably assured. If the customer has a right of return, the Company recognizes product revenues upon shipment, provided that future returns can be reasonably estimated. In the case where returns cannot be reasonably estimated, revenue will be deferred until such estimates can be made or the right of return has lapsed. LCT contributed 50% and 52% of total revenue during the six months ended June 30, 2015 and 2014, respectively. LSC contributed 50% and 48% of total revenue during the six months ended June 30, 2015 and 2014, respectively. </p></div>
us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements. Significant estimates include patent life (remaining legal life versus remaining useful life), inventory carrying values, allowance for sales returns and bad debt, and transactions using the Black-Scholes option pricing model, e.g., warrants and stock options, as well as the Monte-Carlo valuation method for certain warrants. Actual results could differ from those estimates. </p></div>
us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015Q2 isco Percentage Of Ownership In Issue And Outstanding Share Of Common Stock Parent Company
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isco Burn Rate Excluding Capital Expenditures And Patent Costs
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us-gaap Stockholders Equity Reverse Stock Split
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Effective July 29, 2015 and pursuant to the reverse stock split approved by the Company’s Board of Directors, each 150 shares of issued and outstanding common stock were combined into and became one share of common stock and no fractional shares were issued.
isco Maximum Original Maturities Period
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P3M
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us-gaap Depreciation
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CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
47000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
83000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
342000
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
618000
CY2014Q4 isco Fair Value Of Warrant Liabilities In Excess Of Proceeds
FairValueOfWarrantLiabilitiesInExcessOfProceeds
1779000
CY2014Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
4831000
CY2015Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-388000
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
67500
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
721000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M6D
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
92000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
83000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
83000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
50000
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2589000
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2935000
CY2008Q2 isco Advances From Nonaffiliated Collaboration
AdvancesFromNonaffiliatedCollaboration
250000
CY2008Q2 isco Specified Amount Of Revenue To Be Utilized First For Advances
SpecifiedAmountOfRevenueToBeUtilizedFirstForAdvances
250000
CY2015Q2 isco Revenue Realized From Agreement
RevenueRealizedFromAgreement
0
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2008Q2 isco Number Of Accredited Investors
NumberOfAccreditedInvestors
5
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
52000
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32000
CY2013Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
30.00
CY2013Q1 isco Warrant Term
WarrantTerm
P5Y
CY2013Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
16667
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
33334
CY2014Q2 isco Warrant Liability Reclassified To Equity Upon Warrant Exchange
WarrantLiabilityReclassifiedToEquityUponWarrantExchange
3031000
CY2014Q2 isco Warrant Exchange Inducement Expense
WarrantExchangeInducementExpense
3445000
CY2014Q2 isco Stock Issued During Period Value For Warrant Exchange
StockIssuedDuringPeriodValueForWarrantExchange
6428000
CY2014Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2015Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
47000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
374000
CY2013Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
299895
CY2014 isco Warrant Issued
WarrantIssued
837602
CY2014 isco Warrant Exchanged
WarrantExchanged
248144
CY2014 isco Warrant Exercised
WarrantExercised
39295
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
850058
isco Warrant Exercised
WarrantExercised
64113
isco Warrant Forfeited Or Cancelled
WarrantForfeitedOrCancelled
206815
CY2014 isco Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Issued
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsIssued
8.00
CY2014 isco Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exchanged
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExchanged
22.00
CY2014 isco Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercised
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsExercised
8.00
isco Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Forfeited
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsForfeited
12.00
CY2015Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
69000
CY2014Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
79000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
142000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
158000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
184000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
104000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5000
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
293000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
36000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
100000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
123000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-119000
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Deferred Revenue and Allowance for Sales Returns </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company recognizes revenue from product sales when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured. However, the LSC products have a 30-day product return guarantee for website sales. The Company has estimated the historical rate of returns for the 30-day product return guarantee, which has remained consistent for the six months ended June 30, 2015 as compared to the years ended December&#160;31, 2014 and 2013. At June 30, 2015 and December&#160;31, 2014, the estimated allowance for sales returns was $10,000. At June 30, 2015 and December&#160;31, 2014, net deferred revenue totaled $0. </p></div>
us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2015Q2 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
3604000
CY2014Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
3367000
isco Right Of Return Guarantee Period
RightOfReturnGuaranteePeriod
P30D
CY2014 isco Right Of Return Guarantee Period
RightOfReturnGuaranteePeriod
P30D
CY2015Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
0
CY2014Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
0
CY2015Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5000
CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
5000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
51750
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
151858
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
134908
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
43848
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
47216
CY2015Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
579130
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
527379
CY2015Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
234000
CY2014Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
550000
CY2014Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
191000
CY2015Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
586000
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
507000
CY2015Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1008000
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1012000
CY2015Q2 us-gaap Inventory Gross
InventoryGross
1828000
CY2014Q4 us-gaap Inventory Gross
InventoryGross
1710000
CY2015Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
69000
CY2014Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
193000
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2631000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2610000
CY2015Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2085000
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1896000
CY2015Q2 us-gaap Depreciation
Depreciation
95000
us-gaap Depreciation
Depreciation
194000
CY2014Q2 us-gaap Depreciation
Depreciation
101000
CY2003Q4 us-gaap License Costs
LicenseCosts
340000
CY2004Q1 us-gaap License Costs
LicenseCosts
22500
CY2004Q2 us-gaap License Costs
LicenseCosts
400000
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2857000
CY2015Q2 us-gaap License Costs
LicenseCosts
3604000
CY2014Q4 us-gaap License Costs
LicenseCosts
3367000
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
624000
CY2014Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
22223
CY2014Q2 isco Stock Issued During Period New Issues Value Per Share
StockIssuedDuringPeriodNewIssuesValuePerShare
22.50
CY2014Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
500000
CY2014Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
36667
CY2014Q2 isco Stock Issued During Period New Issues Value Per Share
StockIssuedDuringPeriodNewIssuesValuePerShare
15.00
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
40000
CY2014Q3 us-gaap Equity Issuance Per Share Amount
EquityIssuancePerShareAmount
15.00
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
600000
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
29630
CY2014Q3 us-gaap Equity Issuance Per Share Amount
EquityIssuancePerShareAmount
13.50
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
400000
CY2014Q2 isco Stock Issued During Period Shares For Warrant Exchange
StockIssuedDuringPeriodSharesForWarrantExchange
297772
CY2014Q2 isco Warrant Exchanged
WarrantExchanged
243699
CY2015Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2871784
CY2015Q2 isco Related Party Rent Expense
RelatedPartyRentExpense
35000
isco Related Party Rent Expense
RelatedPartyRentExpense
69000
CY2013Q1 isco Warrant Term
WarrantTerm
P5Y
CY2013Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
30.00
CY2013Q3 isco Percentage Of Gross Proceeds Paid To Agent
PercentageOfGrossProceedsPaidToAgent
0.05
CY2014Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1271000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
isco Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
2
isco Number Of Products
NumberOfProducts
160

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