2023 Q1 Form 10-K Financial Statement

#000106282223000007 Filed on March 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $24.00K $28.00K $139.0K
YoY Change -35.14% 100.0% -53.36%
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $24.00K $139.0K
YoY Change -53.36%
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $19.14M $16.33M $48.08M
YoY Change 125.42% 84.59% 48.67%
% of Gross Profit 79750.0% 34592.09%
Research & Development $12.03M $13.98M $52.82M
YoY Change -19.43% -15.28% -4.05%
% of Gross Profit 50108.33% 37997.12%
Depreciation & Amortization $112.0K $103.0K $427.0K
YoY Change 2.75% -8.04% 46.23%
% of Gross Profit 466.67% 307.19%
Operating Expenses -$31.17M $30.31M $100.9M
YoY Change -233.09% 19.58% 15.46%
Operating Profit -$31.14M -$100.8M
YoY Change 33.2% 15.7%
Interest Expense $1.821M -$1.103M $2.780M
YoY Change 1555.45% 273.9% 246.63%
% of Operating Profit
Other Income/Expense, Net $1.029M $887.0K $1.596M
YoY Change 7250.0% 6235.71% 1091.04%
Pretax Income -$31.93M -$30.49M -$101.9M
YoY Change 36.03% 19.07% 16.16%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$31.93M -$30.49M -$101.9M
YoY Change 36.03% 19.07% 16.16%
Net Earnings / Revenue -133058.33% -108907.14% -73341.01%
Basic Earnings Per Share -$0.17 -$0.62
Diluted Earnings Per Share -$0.17 -$0.16 -$0.62
COMMON SHARES
Basic Shares Outstanding 188.7M shares 188.7M shares 165.7M shares
Diluted Shares Outstanding 189.0M shares 165.7M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.9M $138.4M $138.4M
YoY Change 22.47% 59.5% 59.5%
Cash & Equivalents $26.00M $46.35M $46.35M
Short-Term Investments $79.94M $92.01M $92.01M
Other Short-Term Assets $3.348M $2.481M $2.481M
YoY Change 76.96% 14.65% 14.65%
Inventory $0.00
Prepaid Expenses
Receivables $261.0K $28.00K $28.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $109.5M $140.9M $140.9M
YoY Change 23.88% 58.42% 58.42%
LONG-TERM ASSETS
Property, Plant & Equipment $2.207M $2.071M $4.371M
YoY Change 93.26% 76.11% 25.75%
Goodwill $44.54M $44.54M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.420M $6.819M $4.519M
YoY Change 211.35% 200.53% -14677.42%
Total Long-Term Assets $53.17M $53.43M $53.43M
YoY Change 11.36% 11.35% 11.35%
TOTAL ASSETS
Total Short-Term Assets $109.5M $140.9M $140.9M
Total Long-Term Assets $53.17M $53.43M $53.43M
Total Assets $162.7M $194.3M $194.3M
YoY Change 19.49% 41.92% 41.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.31M $10.40M $10.40M
YoY Change 10.62% 13.58% 13.58%
Accrued Expenses $10.06M $12.78M $12.37M
YoY Change 4.97% -1.5% 18.19%
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 $20.37M $23.17M $23.17M
YoY Change 7.75% 4.74% 4.74%
LONG-TERM LIABILITIES
Long-Term Debt $48.85M $48.58M $48.58M
YoY Change 108.05%
Other Long-Term Liabilities $5.454M $5.424M $5.424M
YoY Change 396.72% 355.8% 355.8%
Total Long-Term Liabilities $54.30M $5.424M $54.00M
YoY Change 120.95% 355.8% 4438.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.37M $23.17M $23.17M
Total Long-Term Liabilities $54.30M $5.424M $54.00M
Total Liabilities $74.67M $77.18M $77.18M
YoY Change 71.73% 231.02% 231.02%
SHAREHOLDERS EQUITY
Retained Earnings -$1.622B -$1.590B
YoY Change 7.31% 6.85%
Common Stock $190.0K $189.0K
YoY Change 26.67% 26.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.885M $2.061M
YoY Change 39.98% -72.59%
Treasury Stock Shares 868.0K shares 488.0K shares
Shareholders Equity $88.05M $117.1M $117.1M
YoY Change
Total Liabilities & Shareholders Equity $162.7M $194.3M $194.3M
YoY Change 19.49% 41.92% 41.92%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$31.93M -$30.49M -$101.9M
YoY Change 36.03% 19.07% 16.16%
Depreciation, Depletion And Amortization $112.0K $103.0K $427.0K
YoY Change 2.75% -8.04% 46.23%
Cash From Operating Activities -$31.61M -$21.57M -$88.85M
YoY Change 34.98% -5.52% 2.11%
INVESTING ACTIVITIES
Capital Expenditures $248.0K $1.246M $1.326M
YoY Change 226.32% -5517.39% 8.6%
Acquisitions
YoY Change
Other Investing Activities $12.34M $25.42M -$69.75M
YoY Change -384.88% 315.43% -2194.03%
Cash From Investing Activities $12.09M $24.17M -$71.08M
YoY Change -374.34% 296.56% -3468.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$93.34M
YoY Change 171.27%
Debt Paid & Issued, Net -$48.87M
YoY Change -517.68%
Cash From Financing Activities -$824.0K 24.91M $142.2M
YoY Change -103.54% -320.0% 526.22%
NET CHANGE
Cash From Operating Activities -$31.61M -21.57M -$88.85M
Cash From Investing Activities $12.09M 24.17M -$71.08M
Cash From Financing Activities -$824.0K 24.91M $142.2M
Net Change In Cash -$20.34M 27.51M -$17.72M
YoY Change 347.61% -198.07% -71.51%
FREE CASH FLOW
Cash From Operating Activities -$31.61M -$21.57M -$88.85M
Capital Expenditures $248.0K $1.246M $1.326M
Free Cash Flow -$31.86M -$22.82M -$90.18M
YoY Change 35.6% 0.04% 2.2%

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CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2022 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2022Q4 us-gaap Stockholders Equity
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427000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
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292000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2022 lxrx Gain On Sale Of Non Financial Assets
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CY2020 lxrx Gain On Sale Of Non Financial Assets
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CY2020 us-gaap Impairment Of Real Estate
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1600000 usd
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CY2020 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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CY2022 us-gaap Gain Loss On Disposition Of Assets
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316000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Interest Paid Net
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2289000 usd
CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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CY2022 us-gaap Business Exit Costs1
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CY2021 us-gaap Business Exit Costs1
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CY2022 lxrx Disclosure On Geographic Areas Revenue From External Customers Attributed To Germany
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1
CY2021 lxrx Disclosure On Geographic Areas Revenue From External Customers Attributed To Germany
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CY2020 lxrx Disclosure On Geographic Areas Revenue From External Customers Attributed To Entitys Country Of Domicile Percent
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CY2022 lxrx Disclosure On Geographic Areas Revenue From External Customers Attributed To Germany
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1
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3252000 usd
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3984000 usd
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 lxrx Write Off Of Tax Credits
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CY2021 lxrx Write Off Of Tax Credits
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CY2020 lxrx Write Off Of Tax Credits
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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368000 usd
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2022 lxrx A2020 Federal Nol Increase
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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8700000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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3200000 usd
CY2022 lxrx Share Based Compensation Arrangement By Share Based Payment Award Stock Bonus And Restricted Stock Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockBonusAndRestrictedStockGrantsInPeriod
74416 shares
CY2021 lxrx Share Based Compensation Arrangement By Share Based Payment Award Stock Bonus And Restricted Stock Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockBonusAndRestrictedStockGrantsInPeriod
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CY2020 lxrx Share Based Compensation Arrangement By Share Based Payment Award Stock Bonus And Restricted Stock Grants In Period
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CY2022 lxrx Sharebased Compensation Arrangementby Sharebased Payment Award Stock Bonusand Restricted Stockto Consultants Grantsin Period Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardStockBonusandRestrictedStocktoConsultantsGrantsinPeriodWeightedAverageGrantDateFairValue
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CY2021 lxrx Sharebased Compensation Arrangementby Sharebased Payment Award Stock Bonusand Restricted Stockto Consultants Grantsin Period Weighted Average Grant Date Fair Value
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CY2020 lxrx Sharebased Compensation Arrangementby Sharebased Payment Award Stock Bonusand Restricted Stockto Consultants Grantsin Period Weighted Average Grant Date Fair Value
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1.86
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CY2022 lxrx Defined Contribution Plan Requisite Service Period
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1300000 usd
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20312500 shares
CY2020Q4 us-gaap Shares Issued Price Per Share
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3.20
CY2020Q4 lxrx Proceeds From December2020 Common Stock Offering
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63000000 usd
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1800000 usd
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200000 usd
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50000000 usd
CY2020 lxrx Shares Sold In Nov2020 Atm Offering
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3709233 shares
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1.992 usd
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7000000 usd
CY2021 lxrx Shares Sold In January2021 Atm Offering
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2000000 shares
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8.463 shares
CY2021 lxrx Proceeds From January2021 Atm Offering
ProceedsFromJanuary2021ATMOffering
16400000 usd
CY2021 lxrx Shares Sold In September2021 Atm Offering
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4176953 usd
CY2021 lxrx Share Price In September2021 Atm Offering
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4.732 usd
CY2021 lxrx Proceeds From September2021 Atm Offering
ProceedsFromSeptember2021ATMOffering
19100000 usd
CY2022 lxrx Shares Sold In July2022 Offering
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39100000 shares
CY2022 lxrx Share Price In July2022 Offering
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2.50 usd
CY2022 lxrx Proceeds From July2022 Offering
ProceedsFromJuly2022Offering
94200000 usd

Files In Submission

Name View Source Status
lxrx-20221231_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
lxrx-20221231_cal.xml Edgar Link unprocessable
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exh1010officerrestrictedst.htm Edgar Link pending
exh231ernstyoungconsent2022.htm Edgar Link pending
exh311certificationofprinc.htm Edgar Link pending
exh312certificationofprinc.htm Edgar Link pending
exh321certificationofprinc.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lxrx-20221231.htm Edgar Link pending
lxrx-20221231.xsd Edgar Link pending
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lxrx-20221231_pre.xml Edgar Link unprocessable
lxrx-20221231_lab.xml Edgar Link unprocessable
lxrx-20221231_htm.xml Edgar Link completed
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