2021 Q2 Form 10-Q Financial Statement
#000119312521153237 Filed on May 06, 2021
Income Statement
Concept | 2021 Q2 | 2021 Q1 | 2020 Q1 |
---|---|---|---|
Revenue | $19.38M | $8.109M | $1.244M |
YoY Change | -24.02% | 551.85% | -0.4% |
Cost Of Revenue | $0.00 | $405.0K | $860.0K |
YoY Change | -100.0% | -52.91% | -26.05% |
Gross Profit | $19.38M | $7.704M | $384.0K |
YoY Change | -22.55% | 1906.25% | 346.51% |
Gross Profit Margin | 100.0% | 95.01% | 30.87% |
Selling, General & Admin | $6.634M | $6.220M | $3.860M |
YoY Change | 46.45% | 61.14% | 6.34% |
% of Gross Profit | 34.24% | 80.74% | 1005.21% |
Research & Development | $16.29M | $17.88M | $8.963M |
YoY Change | 107.3% | 99.53% | -1.19% |
% of Gross Profit | 84.09% | 232.14% | 2334.11% |
Depreciation & Amortization | $65.00K | $80.00K | $30.00K |
YoY Change | 225.0% | 166.67% | 50.0% |
% of Gross Profit | 0.34% | 1.04% | 7.81% |
Operating Expenses | $22.93M | $17.88M | $8.963M |
YoY Change | 85.05% | 99.53% | -1.19% |
Operating Profit | -$3.551M | -$16.40M | -$12.44M |
YoY Change | -128.12% | 31.76% | -1.37% |
Interest Expense | $7.100M | -$9.210M | $8.110M |
YoY Change | -122.82% | -213.56% | -271.1% |
% of Operating Profit | |||
Other Income/Expense, Net | $4.000K | -$13.00K | $0.00 |
YoY Change | -100.0% | ||
Pretax Income | $3.553M | -$31.31M | -$4.330M |
YoY Change | -119.23% | 623.09% | -75.06% |
Income Tax | $8.000K | ||
% Of Pretax Income | 0.23% | ||
Net Earnings | $3.545M | -$25.62M | -$4.329M |
YoY Change | -119.19% | 491.87% | -75.05% |
Net Earnings / Revenue | 18.29% | -315.97% | -347.99% |
Basic Earnings Per Share | -$0.23 | -$0.04 | |
Diluted Earnings Per Share | $31.49K | -$0.23 | -$0.04 |
COMMON SHARES | |||
Basic Shares Outstanding | 112.6M | 112.6M | 106.0M |
Diluted Shares Outstanding | 112.6M | 106.0M |
Balance Sheet
Concept | 2021 Q2 | 2021 Q1 | 2020 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $153.4M | $164.6M | $92.80M |
YoY Change | -15.98% | 77.37% | 12.76% |
Cash & Equivalents | $8.543M | $9.745M | $7.438M |
Short-Term Investments | $144.9M | $154.9M | $85.40M |
Other Short-Term Assets | $3.809M | $4.500M | $2.100M |
YoY Change | -23.82% | 114.29% | -34.38% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $7.400M | $500.0K | |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $164.8M | $176.6M | $95.40M |
YoY Change | -21.01% | 85.07% | 11.66% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.507M | $1.569M | $986.0K |
YoY Change | 39.02% | 59.13% | 362.91% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $9.281M | $9.561M | $1.221M |
YoY Change | 756.18% | 683.05% | 152.8% |
TOTAL ASSETS | |||
Total Short-Term Assets | $164.8M | $176.6M | $95.40M |
Total Long-Term Assets | $9.281M | $9.561M | $1.221M |
Total Assets | $174.1M | $186.1M | $96.62M |
YoY Change | -16.99% | 92.63% | 12.45% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.355M | $5.571M | $2.492M |
YoY Change | 160.77% | 123.56% | 26.56% |
Accrued Expenses | $8.402M | $7.762M | $5.287M |
YoY Change | 37.96% | 46.81% | -7.0% |
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 | $20.21M | $33.38M | $10.26M |
YoY Change | -13.27% | 225.4% | -13.45% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $104.4M | $107.8M | $11.90M |
YoY Change | -3.49% | 805.88% | -67.13% |
Total Long-Term Liabilities | $104.4M | $107.8M | $11.90M |
YoY Change | -3.49% | 805.88% | -67.13% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $20.21M | $33.38M | $10.26M |
Total Long-Term Liabilities | $104.4M | $107.8M | $11.90M |
Total Liabilities | $124.6M | $141.2M | $22.13M |
YoY Change | -5.23% | 538.01% | -53.95% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$319.7M | -$322.1M | -$258.8M |
YoY Change | 15.32% | 24.48% | 10.45% |
Common Stock | $369.2M | $367.1M | $333.3M |
YoY Change | 3.86% | 10.14% | 22.45% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $49.47M | $55.73M | $74.50M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $174.1M | $186.1M | $96.62M |
YoY Change | -16.99% | 92.63% | 12.45% |
Cashflow Statement
Concept | 2021 Q2 | 2021 Q1 | 2020 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.545M | -$25.62M | -$4.329M |
YoY Change | -119.19% | 491.87% | -75.05% |
Depreciation, Depletion And Amortization | $65.00K | $80.00K | $30.00K |
YoY Change | 225.0% | 166.67% | 50.0% |
Cash From Operating Activities | -$11.25M | -$15.65M | -$10.29M |
YoY Change | -116.28% | 52.09% | -9.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$8.000K | $0.00 | -$780.0K |
YoY Change | -92.0% | -100.0% | 1850.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $9.996M | $15.39M | $9.880M |
YoY Change | -111.77% | 55.77% | 0.82% |
Cash From Investing Activities | $9.988M | $15.39M | $9.100M |
YoY Change | -111.75% | 69.12% | -6.76% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 68.00K | 120.0K | -10.00K |
YoY Change | -99.67% | -1300.0% | -104.0% |
NET CHANGE | |||
Cash From Operating Activities | -11.25M | -15.65M | -10.29M |
Cash From Investing Activities | 9.988M | 15.39M | 9.100M |
Cash From Financing Activities | 68.00K | 120.0K | -10.00K |
Net Change In Cash | -1.198M | -140.0K | -1.200M |
YoY Change | -124.45% | -88.33% | -9.77% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$11.25M | -$15.65M | -$10.29M |
Capital Expenditures | -$8.000K | $0.00 | -$780.0K |
Free Cash Flow | -$11.25M | -$15.65M | -$9.510M |
YoY Change | -116.25% | 64.56% | -15.84% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2020Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2020Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00000002 | |
CY2020Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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CY2021Q1 | us-gaap |
Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
|
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CY2021Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
112592000 | |
CY2020Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
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CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
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us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
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Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
|
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us-gaap |
General And Administrative Expense
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CY2021Q1 | us-gaap |
Liabilities
Liabilities
|
141160000 | |
CY2021Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
24504000 | |
CY2020Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
13687000 | |
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Costs And Expenses
CostsAndExpenses
|
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CY2020Q2 | us-gaap |
Liabilities
Liabilities
|
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Costs And Expenses
CostsAndExpenses
|
40584000 | ||
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-31313000 | |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-4329000 | |
CY2021Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-65166000 | ||
CY2020Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
209728000 | |
CY2021Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
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Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-27540000 | ||
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Commitments And Contingencies
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|
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Revenues
Revenues
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Revenues
Revenues
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CY2021Q1 | us-gaap |
Preferred Stock Value
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Common Stock Value
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Revenues
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|
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Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
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us-gaap |
Revenues
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|
3409000 | ||
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Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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Operating Income Loss
OperatingIncomeLoss
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Operating Income Loss
OperatingIncomeLoss
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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-56873000 | ||
us-gaap |
Operating Income Loss
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|
-9272000 | |
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Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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11035000 | ||
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
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Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
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Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
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CY2020Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
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us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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Research And Development Expense
ResearchAndDevelopmentExpense
|
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Research And Development Expense
ResearchAndDevelopmentExpense
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Research And Development Expense
ResearchAndDevelopmentExpense
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Research And Development Expense
ResearchAndDevelopmentExpense
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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0.01 | |
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Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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100000 | |
CY2021Q1 | us-gaap |
Preferred Stock Shares Outstanding
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CY2021Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
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Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
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Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2021Q1 | us-gaap |
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CommonStockSharesIssued
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CY2020Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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Preferred Stock Par Or Stated Value Per Share
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0.01 | |
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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1569000 | |
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Property Plant And Equipment Net
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Assets
Assets
|
186122000 | |
CY2020Q2 | us-gaap |
Assets
Assets
|
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Short Term Investments
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|
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ShortTermInvestments
|
170299000 | |
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Cash Cash Equivalents And Short Term Investments
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164624000 | |
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Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
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Prepaid Expense And Other Assets Current
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Assets Current
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|
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|
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|
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Liabilities Current
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|
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Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
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Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
1074000 | ||
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Net Income Loss
NetIncomeLoss
|
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us-gaap |
Net Income Loss
NetIncomeLoss
|
-27540000 | ||
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.28 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
us-gaap |
Earnings Per Share Basic
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|
-0.40 | ||
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.32 | ||
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Earnings Per Share Diluted
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|
-0.28 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.57 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.32 | ||
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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112505000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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112557000 | |
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Weighted Average Number Of Diluted Shares Outstanding
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|
113991000 | ||
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Weighted Average Number Of Diluted Shares Outstanding
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|
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Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
11035000 | ||
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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|
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
215000 | ||
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Depreciation Depletion And Amortization
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|
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us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
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|
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us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
169000 | ||
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
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Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
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Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1672000 | ||
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Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
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Profit Loss
ProfitLoss
|
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Profit Loss
ProfitLoss
|
-27540000 | ||
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IncreaseDecreaseInContractWithCustomerLiability
|
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Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
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us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
700000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
785000 | ||
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
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Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
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ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
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Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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|
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us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
14720000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
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us-gaap |
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ProceedsFromStockOptionsExercised
|
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us-gaap |
Proceeds From Stock Options Exercised
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us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3401000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
53948000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-20707000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-34854000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2586000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2152000 | ||
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
12331000 | |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9590000 | |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9745000 | |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7438000 | |
CY2020Q2 | meip |
Accounts Receivable Net Beginning Balance
AccountsReceivableNetBeginningBalance
|
2605000 | |
CY2019Q2 | meip |
Accounts Receivable Net Beginning Balance
AccountsReceivableNetBeginningBalance
|
||
CY2021Q1 | meip |
Accounts Receivable Net Ending Balance
AccountsReceivableNetEndingBalance
|
0 | |
CY2020Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
335000 | |
CY2019Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
511000 | |
CY2021Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
7432000 | |
CY2020Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
353000 | |
CY2020Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
82497000 | |
CY2019Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
7771000 | |
CY2021Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
89877000 | |
CY2020Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
5292000 | |
CY2021Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
89900000 | |
meip |
Percentage Of Purchases From Major Suppliers
PercentageOfPurchasesFromMajorSuppliers
|
1.00 | ||
meip |
Agreement Termination Notice Period
AgreementTerminationNoticePeriod
|
P90D | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-27540000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-44859000 | ||
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4329000 | |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-31313000 | |
CY2021Q1 | meip |
Milestone Payments Maximum Amount
MilestonePaymentsMaximumAmount
|
74500000 | |
CY2021Q1 | meip |
Shelf Registration Statement Value
ShelfRegistrationStatementValue
|
100000 | |
CY2021Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
10200000 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y8M12D | ||
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
0 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | ||
CY2020Q1 | 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 | ||
us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
0 | ||
CY2020Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2021Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2020Q1 | meip |
Accounts Receivable Net Ending Balance
AccountsReceivableNetEndingBalance
|
74000 | |
meip |
Number Of Clinical Stage Candidates
NumberOfClinicalStageCandidates
|
4 | ||
CY2021Q1 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
70734000 | |
CY2020Q2 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
67723000 | |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2645000 | |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1550000 | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8196000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5434000 | ||
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
11252976 | |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.81 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
5763300 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
3.40 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
119042 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
2.22 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
223828 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
3.65 | ||
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
16673406 | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.01 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y10M24D | ||
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
7802361 | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
2.74 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y8M12D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.32 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.60 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | ||
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
9775096 | |
CY2021Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
7006856 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.005 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.018 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.811 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.736 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family: times new roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; 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="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "times new roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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> | ||
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2645000 | |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
47930000 | |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2994000 | |
CY2019Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
159000 | |
CY2019Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
72000 | |
CY2019Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2113000 | |
CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
47280000 | |
CY2019Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20217000 | |
CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-13000 | |
CY2019Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
48451000 | |
CY2019Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1771000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
77285000 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4329000 | |
CY2020Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-8000 | |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2092000 | |
CY2020Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3136000 | |
CY2020Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
124000 | |
CY2020Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2942000 | |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
82328000 | |
CY2020Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11454000 | |
CY2020Q4 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
15000 | |
CY2020Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2609000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
73498000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-31313000 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
126000 | |
CY2021Q1 | meip |
Stockissuedduringperiodvaluestockwarrantsexercised
Stockissuedduringperiodvaluestockwarrantsexercised
|
6000 | |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1550000 | |
meip |
Revenue Performance Obligation Amount
RevenuePerformanceObligationAmount
|
2300000 | ||
meip |
Revenue Performance Obligation Amount
RevenuePerformanceObligationAmount
|
15000000 | ||
CY2020Q1 | meip |
Revenue Performance Obligation Amount
RevenuePerformanceObligationAmount
|
800000 | |
CY2021Q1 | meip |
Revenue Performance Obligation Amount
RevenuePerformanceObligationAmount
|
2300000 | |
CY2020Q2 | meip |
Receivable For Foreign Tax Withholding
ReceivableForForeignTaxWithholding
|
20420000 | |
CY2021Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
7992000 | |
CY2021Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
900000 | |
CY2021Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
7608000 | |
CY2020Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
482000 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1000 | ||
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
74498000 | |
meip |
Non Cash Lease Expense
NonCashLeaseExpense
|
697000 | ||
meip |
Increase Or Decrease In Receivable For Foreign Tax Withholding
IncreaseOrDecreaseInReceivableForForeignTaxWithholding
|
20420000 | ||
meip |
Increase Decrease In Operating Lease Liabilities Current
IncreaseDecreaseInOperatingLeaseLiabilitiesCurrent
|
-181000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
8689000 | ||
meip |
Proceeds From Previously Issued Common Stock
ProceedsFromPreviouslyIssuedCommonStock
|
5274000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
48602000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3136000 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
368000 | |
CY2021Q1 | meip |
Aggregate Value Of Securities Available Under Agreement
AggregateValueOfSecuritiesAvailableUnderAgreement
|
175700000 | |
meip |
Unsold Securities Shares And Warrants Under Agreement
UnsoldSecuritiesSharesAndWarrantsUnderAgreement
|
107500000 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-1000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-8000 | ||
CY2021Q1 | meip |
Cash And Cash Equivalentsshort Term Investments And Common Stock Proceeds Receivable
CashAndCashEquivalentsshortTermInvestmentsAndCommonStockProceedsReceivable
|
164600000 | |
meip |
Dilutive Securities Effect On Basic Earnings Per Share Change In Fair Value Of Warrant Liability
DilutiveSecuritiesEffectOnBasicEarningsPerShareChangeInFairValueOfWarrantLiability
|
-20307000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
27036000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
21402000 | ||
CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
27126000 | |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
32651000 | |
CY2021Q1 | meip |
Initial Recognition Of Operating Lease Right Of Use Asset
InitialRecognitionOfOperatingLeaseRightOfUseAsset
|
8700000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
603000 | ||
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1130000 | ||
CY2020Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
201000 | |
CY2021Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
377000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
603000 | ||
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
615000 | ||
CY2020Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
201000 | |
CY2021Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
369000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1710000 | |
CY2021Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0750 | |
CY2021Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y | |
CY2021Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
8508000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2556000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
11064000 | |
CY2021Q1 | meip |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
3122000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1168000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1612000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1565000 | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1519000 | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2021-03-31 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2021 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Trading Symbol
TradingSymbol
|
MEIP | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
MEI Pharma, Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001262104 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
CY2021Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
112591778 | |
meip |
Number Of Warrants Exercised
NumberOfWarrantsExercised
|
2617 | ||
meip |
Number Of Shares Issued On Warrant Exercise
NumberOfSharesIssuedOnWarrantExercise
|
964 | ||
CY2021Q1 | meip |
Profits And Costs Sharing Ratio
ProfitsAndCostsSharingRatio
|
0.5 | |
meip |
Receivables Amounts Billed
ReceivablesAmountsBilled
|
15744000 | ||
meip |
Receivables Amounts Billed
ReceivablesAmountsBilled
|
1088000 | ||
meip |
Receivables Payments Received
ReceivablesPaymentsReceived
|
-18349000 | ||
meip |
Contract Assets Billable Amounts
ContractAssetsBillableAmounts
|
930000 | ||
meip |
Receivables Payments Received
ReceivablesPaymentsReceived
|
-1014000 | ||
meip |
Contract Assets Billable Amounts
ContractAssetsBillableAmounts
|
22841000 | ||
meip |
Contract Assets Amounts Billed
ContractAssetsAmountsBilled
|
-15744000 | ||
meip |
Contract Assets Amounts Billed
ContractAssetsAmountsBilled
|
-1088000 | ||
CY2021Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-2100000 | |
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | ||
meip |
Warrants Issued Pursuant To Cashless Exercise
WarrantsIssuedPursuantToCashlessExercise
|
6000 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1486000 | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CA |