2019 Q2 Form 10-Q Financial Statement

#000119312519142945 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $1.129M $1.249M $433.0K
YoY Change 106.02% 188.45% -90.39%
Cost Of Revenue $1.100M $1.163M $930.0K
YoY Change -0.9% 25.05% -18.92%
Gross Profit $30.00K $86.00K -$497.0K
YoY Change -105.36% -117.3% -114.8%
Gross Profit Margin 2.66% 6.89% -114.78%
Selling, General & Admin $3.740M $3.630M $2.490M
YoY Change 52.03% 45.78% 15.81%
% of Gross Profit 12466.67% 4220.93%
Research & Development $8.030M $9.071M $3.071M
YoY Change 80.04% 195.38% 63.7%
% of Gross Profit 26766.67% 10547.67%
Depreciation & Amortization $30.00K $20.00K $10.00K
YoY Change 200.0% 100.0% 0.0%
% of Gross Profit 100.0% 23.26%
Operating Expenses $11.78M $9.071M $3.071M
YoY Change 70.48% 195.38% 63.7%
Operating Profit -$11.75M -$12.62M -$6.054M
YoY Change 57.3% 108.39% 803.58%
Interest Expense $14.80M -$4.740M $110.0K
YoY Change -225.64% -4409.09% 57.14%
% of Operating Profit
Other Income/Expense, Net $14.36M -$5.200M
YoY Change -247.89%
Pretax Income $3.050M -$17.36M -$5.950M
YoY Change -115.84% 191.76% 891.67%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $3.052M -$17.35M -$5.948M
YoY Change -115.85% 191.76% 888.04%
Net Earnings / Revenue 270.33% -1389.43% -1373.67%
Basic Earnings Per Share $0.04 -$0.24 -$0.16
Diluted Earnings Per Share -$0.15 -$0.24 -$0.16
COMMON SHARES
Basic Shares Outstanding 71.29M 71.20M 37.45M
Diluted Shares Outstanding 71.20M 37.45M

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.50M $82.30M $36.20M
YoY Change -27.46% 127.35% -36.27%
Cash & Equivalents $9.590M $7.426M $6.198M
Short-Term Investments $64.90M $74.90M $30.00M
Other Short-Term Assets $2.400M $3.200M $900.0K
YoY Change 50.0% 255.56% -67.86%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $82.20M $85.44M $37.06M
YoY Change -21.21% 130.58% -37.74%
LONG-TERM ASSETS
Property, Plant & Equipment $204.0K $213.0K $36.00K
YoY Change 537.5% 491.67% 2.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $465.0K $483.0K $341.0K
YoY Change 41.77% 41.64% -9.07%
TOTAL ASSETS
Total Short-Term Assets $82.20M $85.44M $37.06M
Total Long-Term Assets $465.0K $483.0K $341.0K
Total Assets $82.66M $85.93M $37.40M
YoY Change -21.02% 129.77% -37.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.787M $1.969M $1.259M
YoY Change 31.4% 56.39% 420.25%
Accrued Expenses $4.559M $5.685M $2.382M
YoY Change 31.99% 138.66% -35.81%
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 $14.30M $11.85M $4.484M
YoY Change 81.37% 164.3% -10.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.40M $36.20M
YoY Change -55.94%
Total Long-Term Liabilities $20.40M $36.20M $0.00
YoY Change -55.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.30M $11.85M $4.484M
Total Long-Term Liabilities $20.40M $36.20M $0.00
Total Liabilities $34.73M $48.04M $4.500M
YoY Change -35.91% 967.64% -10.0%
SHAREHOLDERS EQUITY
Retained Earnings -$231.2M -$234.3M -$195.1M
YoY Change 7.84% 20.05% 14.8%
Common Stock $279.1M $272.2M $228.1M
YoY Change 5.4% 19.33% 1.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $47.93M $37.88M $32.91M
YoY Change
Total Liabilities & Shareholders Equity $82.66M $85.93M $37.40M
YoY Change -21.02% 129.77% -37.56%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $3.052M -$17.35M -$5.948M
YoY Change -115.85% 191.76% 888.04%
Depreciation, Depletion And Amortization $30.00K $20.00K $10.00K
YoY Change 200.0% 100.0% 0.0%
Cash From Operating Activities -$8.060M -$11.34M -$6.240M
YoY Change 114.93% 81.73% -490.0%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$40.00K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $9.970M $9.800M $5.090M
YoY Change -116.78% 92.53% -201.39%
Cash From Investing Activities $9.960M $9.760M $5.090M
YoY Change -116.76% 91.75% -201.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 280.0K 250.0K 0.000
YoY Change -99.6%
NET CHANGE
Cash From Operating Activities -8.060M -11.34M -6.240M
Cash From Investing Activities 9.960M 9.760M 5.090M
Cash From Financing Activities 280.0K 250.0K 0.000
Net Change In Cash 2.180M -1.330M -1.150M
YoY Change -69.34% 15.65% -66.28%
FREE CASH FLOW
Cash From Operating Activities -$8.060M -$11.34M -$6.240M
Capital Expenditures -$10.00K -$40.00K $0.00
Free Cash Flow -$8.050M -$11.30M -$6.240M
YoY Change 114.67% 81.09% -490.0%

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46000
CY2018Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
21000
CY2019Q1 meip Lease Arrangement Rent Area
LeaseArrangementRentArea
13700
CY2018Q3 meip Lease Arrangement Rent Area
LeaseArrangementRentArea
7000
CY2019Q1 meip Milestone Payments Maximum Amount
MilestonePaymentsMaximumAmount
74500000
CY2019Q1 meip Percentage Of Purchases From Major Suppliers
PercentageOfPurchasesFromMajorSuppliers
1.00
CY2019Q1 meip Shelf Registration Statement Value
ShelfRegistrationStatementValue
150000000
CY2018Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
70200000
CY2018Q2 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
36600000
meip Exercise Of Warrants For Common Stock
ExerciseOfWarrantsForCommonStock
440043
CY2019Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
16061602
us-gaap Revenues
Revenues
1074000
meip Revenue Performance Obligation Amount
RevenuePerformanceObligationAmount
1100000
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
4200000
meip Additional Recognition Of Deferred Revenue
AdditionalRecognitionOfDeferredRevenue
4200000
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
226000
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71281
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
70406
CY2018Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
226000
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71281
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
70406
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
188552
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 6pt; text-indent: 0.8in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes to the financial statements. We use estimates that affect the reported amounts (including assets, liabilities, revenues and expenses) and related disclosures. Actual results could materially differ from those estimates. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M6D
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4632560
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3718739
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.02
CY2019Q1 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
CY2018Q1 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
CY2019Q1 meip Lease Expiration Month And Year
LeaseExpirationMonthAndYear
2020-05
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1514000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
770000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6281615
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.08
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2489250
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.07
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.69
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3428724
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
311473
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.16
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
233854
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
7.43
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8036986
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.29
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.028
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.021
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.849
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.957
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.95
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.10
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
6000000
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
-174331000
CY2019Q1 meip Fair Value Assumptions Exercise Price Warrants Issued
FairValueAssumptionsExercisePriceWarrantsIssued
3.07
CY2018Q2 meip Fair Value Assumptions Exercise Price Warrants Issued
FairValueAssumptionsExercisePriceWarrantsIssued
3.94
CY2019Q1 meip Number Of Clinical Stage Candidates
NumberOfClinicalStageCandidates
4
CY2019Q1 meip Number Of Candidate In An Ongoing Global Registration Trial
NumberOfCandidateInAnOngoingGlobalRegistrationTrial
1
CY2018Q4 meip Manufacturing Rights Commencing Period
ManufacturingRightsCommencingPeriod
P3Y
CY2019Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00000002
CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00000002
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-8788000
CY2017Q3 meip Stock Issued During The Period Value Milestone Payment
StockIssuedDuringThePeriodValueMilestonePayment
500000
CY2017Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
20000
CY2017Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
996000
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
43566000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-6079000
CY2017Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
169000
CY2017Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
702000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
38358000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
770000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
32913000
CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-267000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-14542000
CY2018Q3 meip Stockissuedduringperiodvaluestockwarrantsexercised
Stockissuedduringperiodvaluestockwarrantsexercised
2186000
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
43000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1937000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
39759000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
12025000
CY2018Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
24000
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1663000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
53471000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
252000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1514000
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2019-03-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
MEI Pharma, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001262104
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Trading Symbol
TradingSymbol
MEIP
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Small Business
EntitySmallBusiness
true
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
71290460

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