2022 Q2 Form 10-Q Financial Statement
#000121390022047372 Filed on August 12, 2022
Income Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
Revenue | $466.0K | $370.0K | $209.0K |
YoY Change | -4.7% | -2.63% | -82.29% |
Cost Of Revenue | $306.0K | $70.00K | $140.0K |
YoY Change | 8.9% | -69.57% | -78.46% |
Gross Profit | $160.0K | $300.0K | $69.00K |
YoY Change | -23.08% | 100.0% | -86.98% |
Gross Profit Margin | 34.33% | 81.08% | 33.01% |
Selling, General & Admin | $2.661M | $2.267M | $2.368M |
YoY Change | -19.61% | 0.31% | 211.58% |
% of Gross Profit | 1663.13% | 755.67% | 3431.88% |
Research & Development | $1.720M | $1.427M | $1.733M |
YoY Change | -12.24% | 5.7% | 50.7% |
% of Gross Profit | 1075.0% | 475.67% | 2511.59% |
Depreciation & Amortization | $100.0K | $188.0K | $232.0K |
YoY Change | 0.0% | -6.0% | 16.0% |
% of Gross Profit | 62.5% | 62.67% | 336.23% |
Operating Expenses | $4.381M | $3.694M | $4.101M |
YoY Change | -16.87% | 2.61% | 114.71% |
Operating Profit | -$4.221M | -$3.394M | -$4.032M |
YoY Change | -16.61% | -1.62% | 192.17% |
Interest Expense | -$100.0K | -$1.000K | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$1.403M | -$16.00K | -$36.00K |
YoY Change | -2798.08% | -132.0% | -220.0% |
Pretax Income | -$5.624M | -$3.510M | -$4.069M |
YoY Change | 12.26% | 12.86% | 199.19% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$5.624M | -$3.510M | -$4.069M |
YoY Change | 12.26% | 12.86% | 199.19% |
Net Earnings / Revenue | -1206.87% | -948.65% | -1946.89% |
Basic Earnings Per Share | -$0.27 | -$0.17 | |
Diluted Earnings Per Share | -$0.27 | -$167.9K | -$203.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 20.94M shares | 20.91M shares | |
Diluted Shares Outstanding | 20.94M shares | 20.91M shares |
Balance Sheet
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $27.06M | $30.58M | $35.04M |
YoY Change | 26.52% | 25.02% | 4173.54% |
Cash & Equivalents | $20.22M | $22.13M | $25.66M |
Short-Term Investments | $6.837M | $8.449M | $9.385M |
Other Short-Term Assets | $1.041M | $1.190M | $282.0K |
YoY Change | 75.55% | 41.67% | -53.77% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $136.0K | $96.00K | $55.00K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $28.24M | $31.87M | $35.38M |
YoY Change | 27.71% | 25.96% | 1812.43% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.835M | $4.711M | $3.062M |
YoY Change | -45.26% | -13.24% | -46.0% |
Goodwill | |||
YoY Change | |||
Intangibles | $2.358M | $2.334M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $219.0K | $234.0K | $177.0K |
YoY Change | 23.73% | 30.0% | -1.67% |
Total Long-Term Assets | $7.087M | $7.306M | $7.386M |
YoY Change | -8.51% | 2.47% | -0.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $28.24M | $31.87M | $35.38M |
Total Long-Term Assets | $7.087M | $7.306M | $7.386M |
Total Assets | $35.33M | $39.17M | $42.77M |
YoY Change | 18.31% | 20.79% | 362.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $327.0K | $561.0K | $645.0K |
YoY Change | 119.46% | -37.67% | -59.43% |
Accrued Expenses | $823.0K | $1.334M | $1.327M |
YoY Change | -54.3% | -9.86% | -35.27% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | $0.00 | ||
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $3.618M | $2.400M | $2.708M |
YoY Change | 65.58% | -13.67% | -29.3% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Other Long-Term Liabilities | $2.326M | $2.467M | $2.605M |
YoY Change | -19.15% | -18.04% | -17.04% |
Total Long-Term Liabilities | $2.326M | $2.467M | $2.605M |
YoY Change | -23.03% | -21.93% | -24.49% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.618M | $2.400M | $2.708M |
Total Long-Term Liabilities | $2.326M | $2.467M | $2.605M |
Total Liabilities | $5.944M | $4.867M | $5.313M |
YoY Change | 14.15% | -18.06% | -27.02% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$53.07M | -$43.94M | |
YoY Change | |||
Common Stock | $6.000K | $5.000K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $100.0K | $100.0K | |
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $29.38M | $34.31M | $37.45M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $35.33M | $39.17M | $42.77M |
YoY Change | 18.31% | 20.79% | 362.84% |
Cashflow Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.624M | -$3.510M | -$4.069M |
YoY Change | 12.26% | 12.86% | 199.19% |
Depreciation, Depletion And Amortization | $100.0K | $188.0K | $232.0K |
YoY Change | 0.0% | -6.0% | 16.0% |
Cash From Operating Activities | -$3.275M | -$4.152M | -$1.281M |
YoY Change | 10.87% | 37.03% | 156.2% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$97.00K | -$118.0K | -$1.153M |
YoY Change | -21.77% | 2782.5% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $1.612M | $885.0K | -$162.0K |
YoY Change | -135.56% | ||
Cash From Investing Activities | $1.515M | $767.0K | -$1.315M |
YoY Change | -132.53% | 3187.5% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -148.0K | -141.0K | 18.52M |
YoY Change | 572.73% | -100.53% | -61820.0% |
NET CHANGE | |||
Cash From Operating Activities | -3.275M | -4.152M | -1.281M |
Cash From Investing Activities | 1.515M | 767.0K | -1.315M |
Cash From Financing Activities | -148.0K | -141.0K | 18.52M |
Net Change In Cash | -1.908M | -3.526M | 15.92M |
YoY Change | -75.0% | -114.91% | -2892.98% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.275M | -$4.152M | -$1.281M |
Capital Expenditures | -$97.00K | -$118.0K | -$1.153M |
Free Cash Flow | -$3.178M | -$4.034M | -$128.0K |
YoY Change | 12.3% | 33.14% | -72.17% |
Facts In Submission
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2022-06-30 | ||
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Longeveron Inc. | ||
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47-2174146 | ||
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|
-8121000 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.44 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.44 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20943897 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19005007 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20927640 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18252219 | shares | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37453000 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-294000 | usd | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
1356000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-9134000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
29381000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1957 | usd |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2969000 | usd | |
us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
26134000 | usd | |
lgvn |
Class A Common Stock Issued For Consulting
ClassACommonStockIssuedForConsulting
|
1197000 | usd | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
3483000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8121000 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24650000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34306000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-166000 | usd |
CY2022Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
865000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5624000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
29381000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26495000 | usd |
CY2021Q2 | lgvn |
Class A Common Stock Issued For Consulting
ClassACommonStockIssuedForConsulting
|
946000 | usd |
CY2021Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
2219000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5010000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24650000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-9134000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8121000 | usd | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
417000 | usd | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
446000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
300000 | usd | |
us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
-123000 | usd | |
us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
22000 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
170000 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
264000 | usd | |
lgvn |
Equitybased Compensations
EquitybasedCompensations
|
1186000 | usd | |
lgvn |
Equitybased Compensations
EquitybasedCompensations
|
3483000 | usd | |
us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
1398000 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
82000 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-291000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
759000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
541000 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
42000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-241000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1389000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
321000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
220000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-504000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-188000 | usd | |
lgvn |
Increase Decrease Lease Liability
IncreaseDecreaseLeaseLiability
|
280000 | usd | |
lgvn |
Increase Decrease Lease Liability
IncreaseDecreaseLeaseLiability
|
127000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7427000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5984000 | usd | |
us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
-2497000 | usd | |
us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
4533000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
125000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
90000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
124000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
2282000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4657000 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
26696000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
289000 | usd | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
38000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-289000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
26658000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-5434000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
16017000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
25658000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
816000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20224000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16833000 | usd |
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
2057000 | usd | |
lgvn |
Vesting Of Rs Us Into Class A Common Stock
VestingOfRSUsIntoClassACommonStock
|
-1017000 | usd | |
CY2021Q4 | us-gaap |
Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
|
1169288 | shares |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P5Y | ||
lgvn |
Recurring Loss
RecurringLoss
|
9100000 | usd | |
lgvn |
Recurring Loss
RecurringLoss
|
8100000 | usd | |
CY2022Q2 | lgvn |
Accmulated Deficit
AccmulatedDeficit
|
53100000 | usd |
CY2022Q2 | us-gaap |
Cash
Cash
|
20200000 | usd |
CY2022Q2 | lgvn |
Short Term Investments Amount
ShortTermInvestmentsAmount
|
6800000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"><b>Use of estimates:</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt">The presentation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"> </span></p> | ||
us-gaap |
Revenues
Revenues
|
865000 | usd | |
lgvn |
Shortterm Investments
ShorttermInvestments
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"><b>Short-term investments:</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt">Short-term investments at June 30, 2022 and December 31, 2021 consisted of marketable fixed income securities, primarily corporate bonds, as well as U.S. Government and agency obligations which are categorized as trading securities and are thus marked to market and stated at fair value in accordance with ASC 820 <i>Fair</i> <i>Value Measurement</i>. These investments are considered Level 1 and Level 2 investments within the ASC 820 fair value hierarchy. The fair value of Level 1 investments, including cash equivalents, money funds and U.S. government securities, are substantially based on quoted market prices. The fair value of corporate bonds is determined using standard market valuation methodologies, including discounted cash flows, matrix pricing and/or other similar techniques. The inputs to these valuation techniques include but are not limited to market interest rates, credit rating of the issuer or counterparty, industry sector of the issuer, coupon rate, call provisions, maturity, estimated duration and assumptions regarding liquidity and estimated future cash flows. In addition to bond characteristics, the valuation methodologies incorporate market data, such as actual trades completed, bids and actual dealer quotes, where such information is available. Accordingly, the estimated fair values are based on available market information and judgments about financial instruments categorized within Level 1 and Level 2 of the fair value hierarchy. Interest and dividends are recorded when earned. Realized gains and losses on investments are determined by specific identification and are recognized as incurred in the statement of operations. Changes in net unrealized gains and losses are reported in the statement of operations within other income and losses, in the current period and represent the change in the fair value of investment holdings during the reporting period. Changes in net unrealized gains and losses were not significant for the three and six months ended June 30, 2022 and 2021.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"> </span></p> | ||
CY2022Q2 | lgvn |
Accounts And Grants Receivable
AccountsAndGrantsReceivable
|
136000 | usd |
CY2021Q4 | lgvn |
Accounts And Grants Receivable
AccountsAndGrantsReceivable
|
55000 | usd |
us-gaap |
Revenues
Revenues
|
836000 | usd | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"><b>Concentrations of credit risk: </b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 10pt"><b> </b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt">Financial instruments which potentially subject the Company to credit risk consist principally of cash and cash equivalents, short-term investments and accounts and grants receivable. Cash and cash equivalents are held in U.S. financial institutions. At times, the Company may maintain balances in excess of the federally insured amounts.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 10pt"> </span></p> | ||
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3363000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3046000 | usd |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
466000 | usd |
CY2021Q2 | us-gaap |
Revenues
Revenues
|
489000 | usd |
us-gaap |
Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
|
0 | usd | |
us-gaap |
Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
|
6 | usd | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P10Y | ||
CY2022Q2 | us-gaap |
Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
|
42194000 | usd |
CY2021Q4 | us-gaap |
Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
|
21823000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
700000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6198000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6108000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2835000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3062000 | usd |
CY2021Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
100000 | usd |
CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
100000 | usd |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
300000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
400000 | usd | |
CY2022Q2 | lgvn |
Employment Agreements Description
EmploymentAgreementsDescription
|
the Company appointed K. Chris Min, M.D., Ph.D. as its Chief Medical Officer. Dr. Min’s employment agreement provides annual base salary of $350,000, and he will be eligible to receive a performance bonus equal to 30% of his base salary, prorated for his first year of employment. Dr. Min received a $60,000 signing bonus, with 50% of this amount paid in RSUs and 50% in stock options. Dr. Min also received two equity incentive awards; 150,000 RSUs and a stock option award exercisable for 50,000 shares. Each award will vest 25% upon the first-year anniversary of his first day of employment with Longeveron, with 25% vesting thereafter on the second, third and fourth anniversaries of his employment. In each case, the vesting of the equity awards will be subject to Dr. Min’s continued service through the applicable vesting dates. RSUs shall be expensed on a quarterly basis at the rate of $0.1 million for the quarterly vesting amount of 9,375 RSUs, with a price per share of $12.85 (the closing price of the Company’s stock on April 4, 2022). Stock options shall be expensed based upon a Black-Scholes calculation, the price per share to be expensed was $11.34 and a total cost of $0.6 million would be expensed ratably over 48 months. | |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2931000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-573000 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2358000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2807000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-473000 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2334000 | usd |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
100000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
100000 | usd | |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
100000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
100000 | usd | |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
92000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
224000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
224000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
224000 | usd |
CY2022Q2 | lgvn |
Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
|
224000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
482000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1470000 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
40000 | shares |
CY2022Q2 | lgvn |
Rsu Per Share
RSUPerShare
|
8.73 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
6.07 | ||
CY2022Q2 | lgvn |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingNumber
|
415473 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.21 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
5000 | shares |
CY2022Q2 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
8.73 | |
CY2022Q2 | lgvn |
Calculation Price
CalculationPrice
|
7.73 | |
CY2021Q3 | lgvn |
Fair Market Value Per Share
FairMarketValuePerShare
|
6.08 | |
us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
302046 | shares | |
CY2021 | us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
196751 | shares |
CY2022Q1 | lgvn |
Sharebased Compensation Arrangement Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementSharebasedPaymentAwardExpirationPeriod
|
P48M | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1400000 | usd | |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
900000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3500000 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1700000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2900000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1800000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3100000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
473000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
687000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
702000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
718000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
735000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
185000 | usd |
CY2022Q2 | lgvn |
Lessee Operating Lease Liability Payments
LesseeOperatingLeaseLiabilityPayments
|
3500000 | usd |
lgvn |
Operating Lease Interest Expense
OperatingLeaseInterestExpense
|
623000 | usd | |
lgvn |
Present Value Of Lease Liability
PresentValueOfLeaseLiability
|
2877000 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
200000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
200000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
400000 | usd | |
CY2021Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
400000 | usd |
CY2021Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
10000000 | usd |
CY2022Q2 | us-gaap |
Sublease Income
SubleaseIncome
|
0 | usd |
us-gaap |
Sublease Income
SubleaseIncome
|
0 | usd | |
CY2021Q2 | us-gaap |
Sublease Income
SubleaseIncome
|
30000000 | usd |
us-gaap |
Sublease Income
SubleaseIncome
|
60000000 | usd | |
CY2021 | lgvn |
Underwriters Warrants
UnderwritersWarrants
|
95760 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
17.5 | |
CY2021Q4 | lgvn |
Warrants Expire Term
WarrantsExpireTerm
|
P5Y | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
27854 | shares |
CY2022Q2 | lgvn |
Rsu Per Share
RSUPerShare
|
6.1 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
196751 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
265189 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
131960 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
27934 | shares | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
302046 | shares |
lgvn |
Grant Shares
GrantShares
|
0.05 | pure | |
lgvn |
Dividend Yield
dividendYield
|
0 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P10Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.95 | pure | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
415473 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.21 | |
lgvn |
Stock Option Issued And Outstanding
StockOptionIssuedAndOutstanding
|
304449 | shares | |
CY2022Q2 | lgvn |
Weighted Average Exercise Price
WeightedAverageExercisePrice
|
5.96 | |
CY2022Q2 | lgvn |
Total Stock Options Outstanding
TotalStockOptionsOutstanding
|
415473 | shares |
CY2021Q4 | lgvn |
Total Stock Options Outstanding
TotalStockOptionsOutstanding
|
304449 | shares |
CY2021Q4 | lgvn |
Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingNumber
|
304449 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.96 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
164160 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
10.33 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
374 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
5.73 | ||
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
100000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
22000 | shares |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
|
0.25 | pure |
CY2022Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
5.94 | |
CY2022Q1 | lgvn |
Calculation Price
CalculationPrice
|
5.23 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
100000 | usd |
CY2022Q1 | lgvn |
Sharebased Compensation Arrangement Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementSharebasedPaymentAwardExpirationPeriod
|
P48M | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
84825 | shares |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
|
0.25 | pure |
CY2022Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
10 | |
CY2022Q1 | lgvn |
Calculation Price
CalculationPrice
|
8.78 | |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2200000 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
3500000 | usd | |
lgvn |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
|
P3Y9M | ||
CY2017Q4 | lgvn |
Aggregate Of Accrued Technology Service
AggregateOfAccruedTechnologyService
|
200000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
100000 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
100000 | usd |
CY2014Q4 | lgvn |
Licensing Agreement Description
LicensingAgreementDescription
|
The Company is required to pay UM up to 3% of net sales on products or services developed from the technology. The agreement extends for up to 20 years from the last date a product or process is commercialized from the technology. Under the agreement, the Company is required to pay an annual fee to UM. On December 11, 2017, the original agreement with UM was amended. The amendment provided that for a $5,000 fee the dates of the milestone completions were amended and replaced as follows: (a) by December 31, 2021, to have completed Phase II clinical trials for the products; and (b) by September 1, 2025, to have completed Phase III clinical trials for products. In addition, one-year extensions may be granted on these milestone dates by making a payment of $5,000. Upon completion of the Phase II clinical trials, a milestone payment of $250,000 is due. Upon completion of the Phase III clinical trials, a milestone payment of $750,000 is due. As of June 30, 2022, the Company had accrued $46,667 based on the terms of the agreement. In addition, on November 14, 2014, as required by the license agreement the Company issued 20,000 series C membership units valued at $0.5 million to UM. The Company recorded this $500,000 as an intangible asset that is amortized over the life of the license agreement which was defined as 20 years. | |
CY2021Q1 | us-gaap |
Legal Fees
LegalFees
|
100000 | usd |
CY2021Q1 | lgvn |
Defray Patent Costs
DefrayPatentCosts
|
70000 | usd |
CY2021Q1 | lgvn |
Installments Paid
InstallmentsPaid
|
7500 | usd |
CY2021Q1 | lgvn |
Isuuance Of Addritional Unrigistered Shares
IsuuanceOfAddritionalUnrigisteredShares
|
110387 | shares |
lgvn |
Milestone Payments Description
MilestonePaymentsDescription
|
The Company and UM agreed to the following modification of the milestone payments: (a) No payment will be due upon the completion of Phase 2 clinical trials for the product; (b) a one-time payment of $0.5 million, payable within six months of the completion of the first Phase 3 clinical trial of the products (based upon the final data unblinding); (c) a one-time payment of $0.5 million payable within six months of the receipt by the Company of approval for the first new drug application (“NDA”), biologics application (“BLA”), or other marketing or licensing application for the product; and (d) a one-time payment of $0.5 million payable within six months of the first sale following product approval. | ||
CY2021Q3 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
1400000 | usd |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
51000000 | usd | |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
31000000 | usd | |
CY2022Q2 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
19000000 | usd |
CY2021Q2 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
15000000 | usd |
us-gaap |
Stockholders Equity Other Shares
StockholdersEquityOtherShares
|
718000 | shares | |
us-gaap |
Stockholders Equity Other Shares
StockholdersEquityOtherShares
|
988000 | shares | |
lgvn |
Warrants Shares
WarrantsShares
|
1271000 | shares | |
lgvn |
Warrants Shares
WarrantsShares
|
106000 | shares | |
lgvn |
Antidilutive Securities Excluded From Computation Of Net Income Loss Amount Total
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomeLossAmountTotal
|
1989000 | shares | |
lgvn |
Antidilutive Securities Excluded From Computation Of Net Income Loss Amount Total
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomeLossAmountTotal
|
1094000 | shares | |
CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021Q2 | lgvn |
Nonoperating Lawsuit Expense
NonoperatingLawsuitExpense
|
usd | |
CY2022Q2 | lgvn |
Forgiveness Of Paycheck Protection Program Loan
ForgivenessOfPaycheckProtectionProgramLoan
|
usd | |
CY2021Q2 | lgvn |
Forgiveness Of Paycheck Protection Program Loan
ForgivenessOfPaycheckProtectionProgramLoan
|
usd | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
usd | |
us-gaap |
Interest Expense
InterestExpense
|
usd | ||
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | ||
us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
usd | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | ||
us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | ||
CY2022Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
usd | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
usd | ||
CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation Optional Exemption Remaining Duration
RevenueRemainingPerformanceObligationOptionalExemptionRemainingDuration
|
P1Y | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001721484 |