$MEIP
MEI Pharma, Inc.

2018 Q2 Form 10-K Financial Statement

#000119312519232454 Filed on August 28, 2019

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q4
Revenue $548.0K $433.0K $358.0K
YoY Change 22.05% -90.39% -97.92%
Cost Of Revenue $1.110M $930.0K $728.0K
YoY Change 12.12% -18.92% -58.89%
Gross Profit -$560.0K -$497.0K -$370.0K
YoY Change 3.7% -114.8% -102.4%
Gross Profit Margin -102.19% -114.78% -103.35%
Selling, General & Admin $2.460M $2.490M $2.360M
YoY Change 34.43% 15.81% 19.8%
% of Gross Profit
Research & Development $4.460M $3.071M $3.444M
YoY Change 115.46% 63.7% 109.74%
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K $20.00K
YoY Change -80.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $6.910M $3.071M $3.444M
YoY Change 77.18% 63.7% 109.74%
Operating Profit -$7.470M -$6.054M -$6.172M
YoY Change 68.24% 803.58% -152.23%
Interest Expense -$11.78M $110.0K $90.00K
YoY Change -11880.0% 57.14% 28.57%
% of Operating Profit
Other Income/Expense, Net -$9.710M
YoY Change
Pretax Income -$19.25M -$5.950M -$6.080M
YoY Change 343.55% 891.67% -151.14%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$19.25M -$5.948M -$6.079M
YoY Change 343.31% 888.04% -151.15%
Net Earnings / Revenue -3513.32% -1373.67% -1698.04%
Basic Earnings Per Share -$0.36 -$0.16 -$0.16
Diluted Earnings Per Share -$0.36 -$0.16 -$0.16
COMMON SHARES
Basic Shares Outstanding 37.32M shares 37.45M 37.41M
Diluted Shares Outstanding 37.45M 37.41M

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.7M $36.20M $42.40M
YoY Change 91.6% -36.27% -23.19%
Cash & Equivalents $13.31M $6.198M $7.339M
Short-Term Investments $89.40M $30.00M $35.10M
Other Short-Term Assets $1.600M $900.0K $800.0K
YoY Change -11.11% -67.86% -70.37%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $104.3M $37.06M $43.21M
YoY Change 88.58% -37.74% -25.27%
LONG-TERM ASSETS
Property, Plant & Equipment $32.00K $36.00K $40.00K
YoY Change -36.0% 2.86% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $328.0K $341.0K $354.0K
YoY Change -13.91% -9.07% -8.76%
TOTAL ASSETS
Total Short-Term Assets $104.3M $37.06M $43.21M
Total Long-Term Assets $328.0K $341.0K $354.0K
Total Assets $104.7M $37.40M $43.57M
YoY Change 87.88% -37.56% -25.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.643M $1.259M $1.089M
YoY Change 522.74% 420.25% 185.08%
Accrued Expenses $3.454M $2.382M $3.230M
YoY Change 5.14% -35.81% 9.94%
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 $7.885M $4.484M $5.209M
YoY Change 62.04% -10.12% 56.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $46.30M
YoY Change
Total Long-Term Liabilities $46.30M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.885M $4.484M $5.209M
Total Long-Term Liabilities $46.30M $0.00 $0.00
Total Liabilities $54.20M $4.500M $5.200M
YoY Change 1013.81% -10.0% 57.58%
SHAREHOLDERS EQUITY
Retained Earnings -$214.4M -$195.1M -$189.2M
YoY Change 22.98% 14.8% 11.7%
Common Stock $264.9M $228.1M $227.6M
YoY Change 17.63% 1.41% 1.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $50.46M $32.91M $38.36M
YoY Change
Total Liabilities & Shareholders Equity $104.7M $37.40M $43.57M
YoY Change 87.88% -37.56% -25.16%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income -$19.25M -$5.948M -$6.079M
YoY Change 343.31% 888.04% -151.15%
Depreciation, Depletion And Amortization $10.00K $10.00K $20.00K
YoY Change -80.0% 0.0% 0.0%
Cash From Operating Activities -$3.750M -$6.240M -$4.750M
YoY Change 19.43% -490.0% 27.01%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$59.43M $5.090M $4.970M
YoY Change -594400.0% -201.39% -0.8%
Cash From Investing Activities -$59.43M $5.090M $4.970M
YoY Change 148475.0% -201.6% -0.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.29M 0.000 170.0K
YoY Change
NET CHANGE
Cash From Operating Activities -3.750M -6.240M -4.750M
Cash From Investing Activities -59.43M 5.090M 4.970M
Cash From Financing Activities 70.29M 0.000 170.0K
Net Change In Cash 7.110M -1.150M 390.0K
YoY Change -323.58% -66.28% -69.05%
FREE CASH FLOW
Cash From Operating Activities -$3.750M -$6.240M -$4.750M
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$3.750M -$6.240M -$4.750M
YoY Change 21.36% -490.0% 27.01%

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WarrantFinanceCost
2367000
CY2019 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
220000
CY2018 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
70151000
CY2017 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
4212000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
353854
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
8.30
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8356961
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.20
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M6D
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3980033
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.86
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y3M18D
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.027
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.023
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.825
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.937
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.78
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.40
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.074
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.15
CY2019 meip Revenue Performance Obligation Amount
RevenuePerformanceObligationAmount
1700000
CY2019 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
5000000
CY2019 meip Additional Recognition Of Deferred Revenue
AdditionalRecognitionOfDeferredRevenue
2800000
CY2019 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P14Y
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2018 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
CY2018 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
CY2017 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
0
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
71139000
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
41064000
CY2017 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
36435000
CY2018 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
367000
CY2017 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
378000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1246000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
125000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16151
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9474
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7331
CY2019Q2 us-gaap Revenues
Revenues
1129000
CY2019Q1 us-gaap Revenues
Revenues
1249000
CY2018Q4 us-gaap Revenues
Revenues
2049000
CY2018Q3 us-gaap Revenues
Revenues
488000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
3052000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-17354000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
12025000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-14542000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-16819000
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2018Q2 us-gaap Revenues
Revenues
548000
CY2018Q1 us-gaap Revenues
Revenues
433000
CY2017Q4 us-gaap Revenues
Revenues
358000
CY2017Q3 us-gaap Revenues
Revenues
283000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-19253000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-5948000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-6079000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-8788000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-40068000
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-11019000
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.28
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
908000
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
298000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-16819000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-40068000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2670000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-16819000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-40068000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2670000
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
81000
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
94000
CY2018Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49000
CY2019 us-gaap Depreciation
Depreciation
45000
CY2018 us-gaap Depreciation
Depreciation
18000
CY2017 us-gaap Depreciation
Depreciation
50000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3532000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018Q2 meip Deferred Tax Assets Capital Lease Obligations
DeferredTaxAssetsCapitalLeaseObligations
171000
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
85000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-86000
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5370000
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.13
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
158000
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
478000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.03
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
537000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
208000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.08
CY2019 meip Effective Income Tax Rate Reconciliation Capital Loss Expirations
EffectiveIncomeTaxRateReconciliationCapitalLossExpirations
0.0
CY2018 meip Effective Income Tax Rate Reconciliation Capital Loss Expirations
EffectiveIncomeTaxRateReconciliationCapitalLossExpirations
0.0
CY2017 meip Income Tax Reconciliation Capital Loss Expirations
IncomeTaxReconciliationCapitalLossExpirations
26382000
CY2017 meip Effective Income Tax Rate Reconciliation Capital Loss Expirations
EffectiveIncomeTaxRateReconciliationCapitalLossExpirations
9.88
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9082000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.54
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-14914000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.37
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-27655000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-10.36
CY2019 meip Effective Income Tax Rate Reconciliation Revaluation Of Deferred Taxes
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredTaxes
0.0
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
15870000
CY2018 meip Effective Income Tax Rate Reconciliation Revaluation Of Deferred Taxes
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredTaxes
-0.40
CY2017 meip Effective Income Tax Rate Reconciliation Revaluation Of Deferred Taxes
EffectiveIncomeTaxRateReconciliationRevaluationOfDeferredTaxes
0.0
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-138000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.01
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
837000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.02
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0
CY2019 meip Effective Income Tax Rate Reconciliation Tax Expensebenefit Warrant Liability Amount
EffectiveIncomeTaxRateReconciliationTaxExpensebenefitWarrantLiabilityAmount
-5803000
CY2018 meip Effective Income Tax Rate Reconciliation Tax Expensebenefit Warrant Liability Amount
EffectiveIncomeTaxRateReconciliationTaxExpensebenefitWarrantLiabilityAmount
3320000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0
CY2019Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
18510000
CY2018Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8893000
CY2019Q2 meip Deferred Tax Assets Property Plant And Equipment And Intangible Assets
DeferredTaxAssetsPropertyPlantAndEquipmentAndIntangibleAssets
15328000
CY2018Q2 meip Deferred Tax Assets Property Plant And Equipment And Intangible Assets
DeferredTaxAssetsPropertyPlantAndEquipmentAndIntangibleAssets
17790000
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3081000
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2354000
CY2019Q2 meip Deferred Tax Assets Capital Lease Obligations
DeferredTaxAssetsCapitalLeaseObligations
1635000
CY2019 meip Lease Commencement Month And Year
LeaseCommencementMonthAndYear
2017-07
CY2018Q4 meip Manufacturing Rights Commencing Period
ManufacturingRightsCommencingPeriod
P3Y
CY2018Q4 dei Entity Public Float
EntityPublicFloat
186600000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3400000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
411210
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
2.28
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
1564042
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.17
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
4376928
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.58
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
41652000
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
367000
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
41000
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
35000
CY2019Q2 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
22000
CY2018Q2 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
11000
CY2019Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
38702000
CY2018Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
29621000
CY2019Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
38702000
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
29621000
CY2019Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2018Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2019Q2 meip Accrued Preclinical And Clinical Costs
AccruedPreclinicalAndClinicalCosts
2014000
CY2018Q2 meip Accrued Preclinical And Clinical Costs
AccruedPreclinicalAndClinicalCosts
1234000
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1973000
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1766000
CY2019Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
316000
CY2018Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
251000
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
256000
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
203000
CY2019Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
81800000
CY2019Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
19000000
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2019Q2 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
226100000
CY2019 us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote per share
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
3232930
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.15
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2400000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2400000
CY2019Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
73634927
CY2019 dei Trading Symbol
TradingSymbol
MEIP
CY2019 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2019 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
73545000
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
70406000
CY2019 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-37794000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
2670000
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4212000
CY2019 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2019 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2304000
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
50838000
CY2018 meip Stock Issued During The Period Value Private Placement
StockIssuedDuringThePeriodValuePrivatePlacement
35910000
CY2018 meip Stock Issued During The Period Value Milestone Payment
StockIssuedDuringThePeriodValueMilestonePayment
500000
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-267000
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
329000
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3217000
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5444000
CY2019 meip Stockissuedduringperiodvaluestockwarrantsexercised
Stockissuedduringperiodvaluestockwarrantsexercised
2186000
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-324000
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
422000
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6562000
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.97
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.75
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.97
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2019 dei Document Type
DocumentType
10-K
CY2019 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2019 dei Amendment Flag
AmendmentFlag
false
CY2019 dei Document Period End Date
DocumentPeriodEndDate
2019-06-30
CY2019 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2019 dei Entity Registrant Name
EntityRegistrantName
MEI Pharma, Inc.
CY2019 dei Entity Central Index Key
EntityCentralIndexKey
0001262104
CY2019 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2019 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019 dei Entity Shell Company
EntityShellCompany
false
CY2019 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2019 dei Entity Small Business
EntitySmallBusiness
true
CY2019 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019 dei Security12b Title
Security12bTitle
Common Stock
CY2019Q2 meip Non Cash Proceeds From Sale Of Common Stock Receivable
NonCashProceedsFromSaleOfCommonStockReceivable
5224000
CY2019Q2 meip Non Cash Proceeds From Stock Option Exercised Receivable
NonCashProceedsFromStockOptionExercisedReceivable
50000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: &quot;times new roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates </div></div></div></div><div style="text-indent: 4%; font-family: &quot;times new roman&quot;; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">The preparation of financial statements in conformity with&#160;</div>accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) r<div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">equires 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></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019Q2 meip Cash And Cash Equivalentsshort Term Investments And Common Stock Proceeds Receivable
CashAndCashEquivalentsshortTermInvestmentsAndCommonStockProceedsReceivable
79800000
CY2019 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Other Information
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleOtherInformation
An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.
CY2019Q2 meip Change In Fair Value Of Warrants Exercised
ChangeInFairValueOfWarrantsExercised
1068000
CY2019 meip Effective Income Tax Rate Reconciliation Tax Expensebenefit Warrant Liability Percentage
EffectiveIncomeTaxRateReconciliationTaxExpensebenefitWarrantLiabilityPercentage
0.35
CY2018 meip Effective Income Tax Rate Reconciliation Tax Expensebenefit Warrant Liability Percentage
EffectiveIncomeTaxRateReconciliationTaxExpensebenefitWarrantLiabilityPercentage
-0.08
CY2017 meip Effective Income Tax Rate Reconciliation Tax Expensebenefit Warrant Liability Percentage
EffectiveIncomeTaxRateReconciliationTaxExpensebenefitWarrantLiabilityPercentage
0.0

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