2023 Q1 Form 10-K Financial Statement

#000156459023002309 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $40.63M $36.06M $99.77M
YoY Change 238.78% 188.13% 32.25%
Cost Of Revenue $5.530M $16.12M $16.00M
YoY Change 142.12% 41.02% -56.7%
Gross Profit $35.10M $19.94M $83.77M
YoY Change 3430.78% 1744.13% 117.66%
Gross Profit Margin 86.39% 55.28% 83.96%
Selling, General & Admin $23.85M $22.10M $91.47M
YoY Change 15.24% -2.78% 18.16%
% of Gross Profit 67.96% 110.84% 109.2%
Research & Development $5.605M $7.156M $19.72M
YoY Change 58.51% 84.15% 60.18%
% of Gross Profit 15.97% 35.9% 23.54%
Depreciation & Amortization $1.038M $1.620M $3.300M
YoY Change 73.29% 32.79% 65.0%
% of Gross Profit 2.96% 8.13% 3.94%
Operating Expenses $16.21M $29.25M $57.50M
YoY Change -33.1% 9.91% -35.92%
Operating Profit -$5.998M -$9.316M -$64.11M
YoY Change -74.19% -63.51% 36.34%
Interest Expense $2.424M -$8.736M $9.552M
YoY Change -187.86% 245.3% -196.5%
% of Operating Profit
Other Income/Expense, Net -$3.797M $105.0K -$23.29M
YoY Change 10400.0% 9644.77%
Pretax Income -$9.795M -$17.95M -$87.40M
YoY Change -62.32% -36.04% 8.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$9.795M -$17.95M -$87.40M
YoY Change -62.32% -36.04% 8.0%
Net Earnings / Revenue -24.11% -49.77% -87.6%
Basic Earnings Per Share -$0.04 -$0.34
Diluted Earnings Per Share -$0.04 -$0.07 -$0.34
COMMON SHARES
Basic Shares Outstanding 263.9M 263.2M 257.1M
Diluted Shares Outstanding 264.0M 257.1M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.1M $170.8M $170.8M
YoY Change 2.28% -16.3% -16.3%
Cash & Equivalents $85.87M $69.77M $69.77M
Short-Term Investments $80.27M $101.1M $101.1M
Other Short-Term Assets $15.45M $25.48M $25.48M
YoY Change 290.81% 631.68% 631.68%
Inventory $22.00M $21.77M $21.77M
Prepaid Expenses
Receivables $19.71M $16.80M $16.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $223.3M $234.9M $234.9M
YoY Change 21.18% 6.9% 6.9%
LONG-TERM ASSETS
Property, Plant & Equipment $54.84M $45.13M $45.13M
YoY Change 32.29% 23.25% 23.25%
Goodwill $2.000M $2.400M
YoY Change
Intangibles $1.133M $1.153M
YoY Change
Long-Term Investments $492.0K $1.961M $1.961M
YoY Change -99.3% -96.54% -96.54%
Other Assets $16.38M $9.718M $9.718M
YoY Change 35.83% 18.71% 18.71%
Total Long-Term Assets $74.84M $60.39M $60.39M
YoY Change -39.67% -40.46% -40.46%
TOTAL ASSETS
Total Short-Term Assets $223.3M $234.9M $234.9M
Total Long-Term Assets $74.84M $60.39M $60.39M
Total Assets $298.1M $295.3M $295.3M
YoY Change -3.3% -8.06% -8.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.89M $11.05M $11.05M
YoY Change 59.61% 58.88% 58.88%
Accrued Expenses $33.00M $35.55M $18.24M
YoY Change 21.61% 29.67% -25.08%
Deferred Revenue $2.316M $1.733M
YoY Change 109.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $21.29M $9.565M $9.565M
YoY Change 126.28% 37.09% 37.09%
Total Short-Term Liabilities $81.85M $67.30M $67.30M
YoY Change 53.01% 39.19% 39.19%
LONG-TERM LIABILITIES
Long-Term Debt $356.7M $368.0M $368.0M
YoY Change -4.9% -1.79% -1.79%
Other Long-Term Liabilities $114.9M $110.5M $110.5M
YoY Change 1529.5% 2132.77% 2.87%
Total Long-Term Liabilities $471.7M $478.5M $478.5M
YoY Change 6586.7% 9567.15% -0.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.85M $67.30M $67.30M
Total Long-Term Liabilities $471.7M $478.5M $478.5M
Total Liabilities $553.5M $545.8M $545.8M
YoY Change 2.43% 2.89% 2.89%
SHAREHOLDERS EQUITY
Retained Earnings -$3.227B -$3.217B
YoY Change 2.26% 3.79%
Common Stock $2.972B $2.967B
YoY Change 1.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$255.4M -$250.5M -$250.5M
YoY Change
Total Liabilities & Shareholders Equity $298.1M $295.3M $295.3M
YoY Change -3.3% -8.06% -8.06%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$9.795M -$17.95M -$87.40M
YoY Change -62.32% -36.04% 8.0%
Depreciation, Depletion And Amortization $1.038M $1.620M $3.300M
YoY Change 73.29% 32.79% 65.0%
Cash From Operating Activities $1.156M -$2.376M -$80.68M
YoY Change -106.33% -80.76% 30.74%
INVESTING ACTIVITIES
Capital Expenditures $8.311M $5.096M $7.589M
YoY Change 64.38% -198.19% -166.19%
Acquisitions $15.34M
YoY Change
Other Investing Activities $22.10M $20.11M $12.46M
YoY Change -164.16% -372.11% -108.9%
Cash From Investing Activities $13.79M $15.01M $4.874M
YoY Change -134.91% -219.33% -103.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.154M 2.825M 21.39M
YoY Change 41.94% -97.1% -92.09%
NET CHANGE
Cash From Operating Activities 1.156M -2.376M -80.68M
Cash From Investing Activities 13.79M 15.01M 4.874M
Cash From Financing Activities 1.154M 2.825M 21.39M
Net Change In Cash 16.10M 15.46M -54.42M
YoY Change -128.28% -78.66% -195.43%
FREE CASH FLOW
Cash From Operating Activities $1.156M -$2.376M -$80.68M
Capital Expenditures $8.311M $5.096M $7.589M
Free Cash Flow -$7.155M -$7.472M -$88.27M
YoY Change -69.3% 4.4% 75.68%

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CY2021 us-gaap Other Nonoperating Income Expense
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CY2020 us-gaap Other Nonoperating Income Expense
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Net Income Loss
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CY2020 mnkd Stock Issued During Period Value Market Price Stock Purchase Plan
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CY2021 mnkd Adjustment To Additional Paid In Capital Premium On Convertible Note
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CY2022 mnkd Stock Issued During Period Value Market Price Stock Purchase Plan
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CY2021 us-gaap Interest Expense
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CY2021 us-gaap Production Related Impairments Or Charges
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CY2020 us-gaap Production Related Impairments Or Charges
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CY2021 mnkd Interest Expense On Promissory Notes
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CY2021 us-gaap Increase Decrease In Inventories
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CY2020 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Other Operating Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 mnkd Increase Decrease In Recognized Loss On Purchase Commitments
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CY2020 mnkd Increase Decrease In Recognized Loss On Purchase Commitments
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CY2022 mnkd Increase Decrease In Operating Lease Liabilities
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CY2021 mnkd Increase Decrease In Operating Lease Liabilities
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CY2020 mnkd Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
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CY2021 mnkd Increase Decrease In Accrued Interest On Promissory Notes
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CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2021 us-gaap Payments To Acquire Held To Maturity Securities
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CY2021 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 mnkd Purchase Of Available For Sale Securities
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CY2021 mnkd Purchase Of Available For Sale Securities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 mnkd Milestone Payments
MilestonePayments
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CY2021 mnkd Proceeds From Net Issuance Of Common Stock Associated With Stock Options And Restricted Stock Units
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CY2020 mnkd Proceeds From Net Issuance Of Common Stock Associated With Stock Options And Restricted Stock Units
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CY2021 mnkd Proceeds From Market Price Stock Purchase Plan And From Employee Stock Purchase Plan
ProceedsFromMarketPriceStockPurchasePlanAndFromEmployeeStockPurchasePlan
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CY2020 mnkd Proceeds From Market Price Stock Purchase Plan And From Employee Stock Purchase Plan
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021 mnkd Deposit For Sale Leaseback Transaction
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CY2021 us-gaap Repayments Of Lines Of Credit
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CY2021 mnkd Payment Of Credit Facility Prepayment Penalty
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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67163000
CY2022Q4 mnkd Discounts And Allowances For Commercial Product Sales
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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CY2022 mnkd Reclassification Of Investments From Long Term To Current
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CY2021 mnkd Reclassification Of Investments From Long Term To Current
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CY2022 mnkd Reclassification Of Convertible Notes And Interest Receivable
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PaymentsOnDebtAndInterestThroughCommonStockIssuance
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CY2021 mnkd Payments On Debt And Interest Through Common Stock Issuance
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CY2020 mnkd Payments On Debt And Interest Through Common Stock Issuance
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CY2021 us-gaap Debt Instrument Decrease Forgiveness
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4873000
CY2022 mnkd Addition Of Right Of Use Assets
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CY2021 mnkd Addition Of Right Of Use Assets
AdditionOfRightOfUseAssets
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CY2022 mnkd Right Of Use Assets Modification
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3793000
CY2021 mnkd Right Of Use Assets Modification
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021 mnkd Common Stock Issuance To Settle Employee Stock Purchase Plan Liability
CommonStockIssuanceToSettleEmployeeStockPurchasePlanLiability
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CY2020 mnkd Common Stock Issuance To Settle Employee Stock Purchase Plan Liability
CommonStockIssuanceToSettleEmployeeStockPurchasePlanLiability
684000
CY2022 mnkd Contingent Milestone Liability
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CY2020 mnkd Common Stock Issued For Acquisition Of In Process Research And Development
CommonStockIssuedForAcquisitionOfInProcessResearchAndDevelopment
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CY2020 mnkd Issuance Of Warrants Associated With Credit Facility
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CY2020 mnkd Receivable From Common Stock Offering
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.25%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications<span style="font-style:normal;"> — Certain prior year reported amounts have been reclassified to conform with the current year presentation. Changes were made to the consolidated statements of operations to present selling expense as a separate line item and to disclose a single caption for interest expense on all outstanding notes. Changes were made to the consolidated balance sheets to reclassify interest receivable from investments from accounts receivable, net to other assets.</span></p>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.25%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Financial Statement Estimates<span style="font-style:normal;"> — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates or assumptions. Management considers many factors in selecting appropriate financial accounting policies, and in developing the estimates and assumptions that are used in the preparation of the financial statements. Management must apply significant judgment in this process. These effects could have a material impact on the estimates and assumptions used in the preparation of the accompanying consolidated financial statements. The more significant estimates include revenue recognition, including gross-to-net adjustments, stand-alone selling price considerations for recognition of collaboration revenue assessing long-lived assets for impairment, clinical trial expenses, inventory costing and recoverability, recognized loss on purchase commitment, stock-based compensation and the determination of the provision for income taxes and corresponding deferred tax assets and liabilities, and the valuation allowance recorded against net deferred tax assets.</span></p>
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99770000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
75442000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65144000
CY2022 us-gaap Operating Expenses
OperatingExpenses
57497000
CY2021 us-gaap Operating Expenses
OperatingExpenses
38857000
CY2020 us-gaap Operating Expenses
OperatingExpenses
24641000
CY2021Q4 mnkd Discounts And Allowances For Commercial Product Sales
DiscountsAndAllowancesForCommercialProductSales
4227000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit Risk<span style="font-style:normal;"> — Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents and investments. Cash and cash equivalents are held in high credit quality institutions. Cash equivalents consist of interest-bearing money market funds and U.S. Treasury securities with original or remaining maturities of 90 days or less at the time of purchase. Investments generally consist of commercial paper, corporate notes or bonds and U.S. Treasury securities. The cash equivalents and investments are regularly monitored by management.</span>
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
100000
CY2022 us-gaap Goodwill Impairment Loss
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0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0725
CY2022 mnkd Number Of Wholesale Distributors
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3
CY2021 mnkd Number Of Wholesale Distributors
NumberOfWholesaleDistributors
3
CY2022 mnkd Percentage Of Sales From Major Customers
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0.79
CY2021 mnkd Percentage Of Sales From Major Customers
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0.79
CY2022 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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12900000
CY2022 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
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300000
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
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109933000
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
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98278000
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-86967000
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
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-80806000
CY2022 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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-0.34
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.32
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700000
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
500000
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0
CY2021Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
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0
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152862000
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HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
156976000
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
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103733000
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103669000
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1961000
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1948000
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
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56619000
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
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56433000
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154823000
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158924000
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160352000
CY2021Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
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160102000
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600000
CY2022Q4 mnkd Amount Receivable On Matured Investment
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5100000
CY2021Q4 mnkd Accrued Interest Receivable
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300000
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16801000
CY2021Q4 us-gaap Accounts Receivable Net Current
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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0
CY2022 mnkd Percentage Of Revenue From Major Customers Collaborations And Services
PercentageOfRevenueFromMajorCustomersCollaborationsAndServices
0.98
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1100000
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4493000
CY2020Q4 mnkd Prompt Pay Discount Reserve Allowance For Wholesale Distribution Fees And Accounts Receivables Return Reserve
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3873000
CY2022 mnkd Prompt Pay Discount Reserve Allowance For Wholesale Distribution Fees And Accounts Receivables Return Reserve Provisions
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17471000
CY2021 mnkd Prompt Pay Discount Reserve Allowance For Wholesale Distribution Fees And Accounts Receivables Return Reserve Provisions
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11494000
CY2022 mnkd Prompt Pay Discount Reserve Allowance For Wholesale Distribution Fees And Accounts Receivables Return Reserve Deductions
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CY2021 mnkd Prompt Pay Discount Reserve Allowance For Wholesale Distribution Fees And Accounts Receivables Return Reserve Deductions
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CY2022Q4 mnkd Prompt Pay Discount Reserve Allowance For Wholesale Distribution Fees And Accounts Receivables Return Reserve
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6644000
CY2021Q4 mnkd Prompt Pay Discount Reserve Allowance For Wholesale Distribution Fees And Accounts Receivables Return Reserve
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2200000
CY2021 us-gaap Production Related Impairments Or Charges
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1900000
CY2020 us-gaap Production Related Impairments Or Charges
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500000
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97661000
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3300000
CY2021 us-gaap Depreciation
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2000000.0
CY2020 us-gaap Depreciation
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1800000
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2400000
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4800000
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100000
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100000
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100000
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100000
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14022000
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8504000
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4227000
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CY2021Q4 us-gaap Accrued Professional Fees Current
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1304000
CY2021Q4 us-gaap Direct Financing Lease Deferred Selling Profit
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1380000
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CY2021Q4 mnkd Current Portion Of Milestone Right Liability
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1088000
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2201000
CY2021Q4 us-gaap Interest Payable Current
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2166000
CY2021Q4 mnkd Retail Inventory Purchase
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875000
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846000
CY2021Q4 us-gaap Construction Payable Current
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786000
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4719000
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1980000
CY2022Q4 us-gaap Accrued Liabilities Current
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35553000
CY2021Q4 us-gaap Accrued Liabilities Current
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27419000
CY2021Q4 mnkd Discounts And Allowances For Commercial Product Sales
DiscountsAndAllowancesForCommercialProductSales
4227000
CY2020Q4 mnkd Discounts And Allowances For Commercial Product Sales
DiscountsAndAllowancesForCommercialProductSales
3688000
CY2022 mnkd Discounts And Allowances For Commercial Product Sales Provisions
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23369000
CY2021 mnkd Discounts And Allowances For Commercial Product Sales Provisions
DiscountsAndAllowancesForCommercialProductSalesProvisions
13057000
CY2022 mnkd Discounts And Allowances For Commercial Product Sales Deductions
DiscountsAndAllowancesForCommercialProductSalesDeductions
20603000
CY2021 mnkd Discounts And Allowances For Commercial Product Sales Deductions
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12518000
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CY2021Q4 us-gaap Senior Notes
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6667000
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20000000
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22163000
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230000000
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235000
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273490000
CY2022 us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
Principal on each term loan advance under Tranche 1 and Tranche 2 are payable in 24 equal monthly installments beginning September 1, 2023, until paid in full on August 1, 2025.
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DebtInstrumentMaturityDate
2024-11-03
CY2021Q2 us-gaap Debt Instrument Maturity Date
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431000
CY2021 mnkd Amortization Of Debt Discount
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377000
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268000
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CY2021 mnkd Contract With Customer Liability Additions
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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4500000
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2027-12-31
CY2022 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The Company will receive a six-month concession at the start of the lease extension period on July 31, 2023. The Company has no further right to extend the lease term beyond the extension period.
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CY2022 us-gaap Defined Benefit Plan Contributions By Employer
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CY2020 us-gaap Income Tax Expense Benefit
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1331000
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1440000
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2591000
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23117000
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24845000
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1624000
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5696000
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22157000
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22983000
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DeferredTaxAssetsProductRevenueAndCosts
370000
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DeferredTaxAssetsProductRevenueAndCosts
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706923000
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2022Q4 us-gaap Deferred Tax Assets Net
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1889000
CY2021Q4 us-gaap Deferred Tax Assets Net
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827000
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1640000
CY2021Q4 mnkd Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
555000
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
249000
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
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827000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
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0.210
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CY2021 mnkd Effective Income Tax Rate Reconciliation Permanent Items
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EffectiveIncomeTaxRateReconciliationPermanentItems
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 mnkd Effective Income Tax Rate Reconciliation Expirations Of Attribute
EffectiveIncomeTaxRateReconciliationExpirationsOfAttribute
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CY2021 mnkd Effective Income Tax Rate Reconciliation Expirations Of Attribute
EffectiveIncomeTaxRateReconciliationExpirationsOfAttribute
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CY2020 mnkd Effective Income Tax Rate Reconciliation Expirations Of Attribute
EffectiveIncomeTaxRateReconciliationExpirationsOfAttribute
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CY2022 mnkd Effective Income Tax Rate Reconciliation Foreign Withholding Tax
EffectiveIncomeTaxRateReconciliationForeignWithholdingTax
0.000
CY2021 mnkd Effective Income Tax Rate Reconciliation Foreign Withholding Tax
EffectiveIncomeTaxRateReconciliationForeignWithholdingTax
0.000
CY2020 mnkd Effective Income Tax Rate Reconciliation Foreign Withholding Tax
EffectiveIncomeTaxRateReconciliationForeignWithholdingTax
0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.072
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0.000
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0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.078
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0.000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
2200000000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
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499600000
CY2022 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
Pursuant to IRC Sections 382 and 383, annual use of the Company’s federal and California net operating loss and research and development credit carryforwards may be limited in the event a cumulative change in ownership of more than 50% occurs within a three-year period.
CY2004Q3 mnkd Operating Loss Carryforwards Subject To Limitation
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105800000
CY2004Q3 mnkd Net Operating Loss Carryforward Annual Limitation
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CY2022Q4 mnkd Deferred Tax Assets Tax Credit Carryforwards Research Expire
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1100000
CY2022 mnkd Research And Development Credits Begin To Expire
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2023
CY2021Q4 us-gaap Unrecognized Tax Benefits
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268902000
CY2020Q4 us-gaap Unrecognized Tax Benefits
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268902000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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268902000
CY2022Q4 us-gaap Unrecognized Tax Benefits
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268902000
CY2021Q4 us-gaap Unrecognized Tax Benefits
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268902000
CY2020Q4 us-gaap Unrecognized Tax Benefits
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268902000
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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0
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0

Files In Submission

Name View Source Status
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mnkd-20221231_lab.xml Edgar Link unprocessable
mnkd-20221231_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
mnkd-20221231_pre.xml Edgar Link unprocessable
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