2022 Q1 Form 10-Q Financial Statement
#000149315222012445 Filed on May 09, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.244M | $1.530M |
| YoY Change | -18.71% | -26.79% |
| % of Gross Profit | ||
| Research & Development | $1.888M | $1.580M |
| YoY Change | 19.49% | -37.05% |
| % of Gross Profit | ||
| Depreciation & Amortization | $1.720K | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $3.132M | $3.110M |
| YoY Change | 0.7% | -32.39% |
| Operating Profit | -$3.132M | |
| YoY Change | ||
| Interest Expense | $22.05K | -$60.00K |
| YoY Change | -136.75% | -14.29% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$378.0K | -$200.0K |
| YoY Change | 89.0% | -81.82% |
| Pretax Income | -$3.488M | -$3.370M |
| YoY Change | 3.49% | -41.59% |
| Income Tax | $200.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$3.488M | -$3.370M |
| YoY Change | 3.49% | -41.59% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.04 | |
| Diluted Earnings Per Share | -$39.49K | -$41.16K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 88.31M shares | 81.88M |
| Diluted Shares Outstanding | 88.31M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $42.00M | $45.35M |
| YoY Change | -7.39% | 191.08% |
| Cash & Equivalents | $5.733M | $15.60M |
| Short-Term Investments | $36.27M | $29.75M |
| Other Short-Term Assets | $1.378M | $460.0K |
| YoY Change | 199.55% | -91.43% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $120.1K | $140.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $43.50M | $45.94M |
| YoY Change | -5.32% | 119.07% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $32.29K | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $0.00 | $4.610M |
| YoY Change | -100.0% | |
| Other Assets | $23.75K | $20.00K |
| YoY Change | 18.75% | 0.0% |
| Total Long-Term Assets | $4.106M | $4.640M |
| YoY Change | -11.51% | 23100.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $43.50M | $45.94M |
| Total Long-Term Assets | $4.106M | $4.640M |
| Total Assets | $47.60M | $50.58M |
| YoY Change | -5.88% | 140.97% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $469.9K | $560.0K |
| YoY Change | -16.09% | -66.06% |
| Accrued Expenses | $1.568M | $1.500M |
| YoY Change | 4.53% | 102.7% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $1.482M | $3.330M |
| YoY Change | -55.49% | 99.4% |
| Total Short-Term Liabilities | $3.520M | $5.400M |
| YoY Change | -34.82% | 33.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $1.440M |
| YoY Change | -100.0% | -69.3% |
| Other Long-Term Liabilities | $1.674M | $1.350M |
| YoY Change | 23.98% | -76.27% |
| Total Long-Term Liabilities | $1.674M | $2.790M |
| YoY Change | -40.01% | -73.12% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.520M | $5.400M |
| Total Long-Term Liabilities | $1.674M | $2.790M |
| Total Liabilities | $5.194M | $8.190M |
| YoY Change | -36.58% | -43.28% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $42.41M | $42.39M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $47.60M | $50.58M |
| YoY Change | -5.88% | 140.97% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
USD | |
| CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2022Q1 | lpcn |
Net Proceeds From Sale Of Common Stock Through Atm
NetProceedsFromSaleOfCommonStockThroughATM
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | |
| CY2022Q1 | lpcn |
Settlement Of Warrant Liability On Warrant Exercises
SettlementOfWarrantLiabilityOnWarrantExercises
|
USD | |
| CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2022Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
USD | |
| CY2021Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
USD | |
| CY2022Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
USD | |
| CY2022Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
USD | |
| CY2022Q1 | lpcn |
Long Term Debt Maturities Repayments Of Principal After Nine Months
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterNineMonths
|
USD | |
| CY2022Q1 | lpcn |
Adjustment Of Warrants For Settlement Of Liability On Warrant Exercise
AdjustmentOfWarrantsForSettlementOfLiabilityOnWarrantExercise
|
USD |
