2024 Q3 Form 10-Q Financial Statement
#000095017024095777 Filed on August 13, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $7.128M |
YoY Change | -100.0% | ||
Cost Of Revenue | $0.00 | $2.455M | |
YoY Change | -100.0% | -797.44% | |
Gross Profit | $0.00 | $4.673M | |
YoY Change | -100.0% | 1227.56% | |
Gross Profit Margin | 65.56% | ||
Selling, General & Admin | $7.868M | $9.548M | |
YoY Change | -17.6% | 8.01% | |
% of Gross Profit | 204.32% | ||
Research & Development | $3.170M | $4.946M | $7.898M |
YoY Change | -11.8% | -37.38% | -40.71% |
% of Gross Profit | 169.01% | ||
Depreciation & Amortization | $100.0K | $100.0K | $404.0K |
YoY Change | 0.0% | -75.25% | -7.34% |
% of Gross Profit | 8.65% | ||
Operating Expenses | $3.170M | $4.946M | $14.58M |
YoY Change | -11.8% | -66.08% | -34.2% |
Operating Profit | -$9.373M | -$12.81M | -$9.909M |
YoY Change | 3.37% | 29.32% | -54.57% |
Interest Expense | $353.0K | $331.0K | -$1.613M |
YoY Change | -49.57% | -120.52% | -225.53% |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | -$415.0K |
YoY Change | -100.0% | -165.66% | |
Pretax Income | -$15.00M | -$12.26M | -$11.94M |
YoY Change | 129.69% | 2.66% | -39.99% |
Income Tax | $0.00 | $0.00 | -$907.0K |
% Of Pretax Income | |||
Net Earnings | -$15.00M | -$12.26M | -$11.03M |
YoY Change | 129.69% | 11.11% | -42.43% |
Net Earnings / Revenue | -154.74% | ||
Basic Earnings Per Share | -$0.02 | -$0.02 | $0.00 |
Diluted Earnings Per Share | -$0.02 | -$0.02 | -$0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 769.3M | 701.4M | 628.4M |
Diluted Shares Outstanding | 770.1M | 711.8M | 628.4M |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $87.43M | $42.11M | |
YoY Change | 107.61% | -44.89% | |
Cash & Equivalents | $80.50M | $87.43M | $42.11M |
Short-Term Investments | |||
Other Short-Term Assets | $4.254M | $1.376M | |
YoY Change | 209.16% | -49.8% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $86.72M | $93.94M | $54.23M |
YoY Change | 73.23% | -33.71% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $315.0K | $338.0K | $1.565M |
YoY Change | -78.4% | -25.97% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $2.023M | $2.189M | $26.41M |
YoY Change | -91.71% | 0.69% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $86.72M | $93.94M | $54.23M |
Total Long-Term Assets | $2.023M | $2.189M | $26.41M |
Total Assets | $88.75M | $96.13M | $80.64M |
YoY Change | 19.21% | -25.36% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.748M | $2.700M | $1.911M |
YoY Change | 41.29% | -32.26% | |
Accrued Expenses | $3.529M | $3.721M | $4.786M |
YoY Change | -22.25% | -5.94% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $4.931M | $4.674M | |
YoY Change | 5.5% | -71.73% | |
Total Short-Term Liabilities | $14.21M | $15.47M | $17.46M |
YoY Change | -11.41% | -50.41% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $4.638M | |
YoY Change | -100.0% | 218.54% | |
Other Long-Term Liabilities | $568.0K | $536.0K | $797.0K |
YoY Change | -32.75% | -55.43% | |
Total Long-Term Liabilities | $568.0K | $536.0K | $5.435M |
YoY Change | -90.14% | 67.54% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $14.21M | $15.47M | $17.46M |
Total Long-Term Liabilities | $568.0K | $536.0K | $5.435M |
Total Liabilities | $16.21M | $17.48M | $22.89M |
YoY Change | -23.65% | -40.46% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$455.8M | -$440.8M | |
YoY Change | |||
Common Stock | $3.051M | $3.032M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $72.54M | $78.65M | $57.75M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $88.75M | $96.13M | $80.64M |
YoY Change | 19.21% | -25.36% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$15.00M | -$12.26M | -$11.03M |
YoY Change | 129.69% | 11.11% | -42.43% |
Depreciation, Depletion And Amortization | $100.0K | $100.0K | $404.0K |
YoY Change | 0.0% | -75.25% | -7.34% |
Cash From Operating Activities | -$13.26M | ||
YoY Change | -29.48% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $337.0K | ||
YoY Change | 3270.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $468.0K | ||
YoY Change | -52.44% | ||
Cash From Investing Activities | $131.0K | ||
YoY Change | -86.55% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $2.000K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -916.0K | ||
YoY Change | 213.7% | ||
NET CHANGE | |||
Cash From Operating Activities | -13.26M | ||
Cash From Investing Activities | 131.0K | ||
Cash From Financing Activities | -916.0K | ||
Net Change In Cash | -14.05M | ||
YoY Change | -22.5% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$13.26M | ||
Capital Expenditures | $337.0K | ||
Free Cash Flow | -$13.60M | ||
YoY Change | -27.73% |
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|
-0.02 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
711770804 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
711770804 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
628421064 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
628421064 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
706407371 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
706407371 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
626185695 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
626185695 | ||
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12255000 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1751000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-21208000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-13827000 | ||
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
5000 | |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1400000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-793000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
3678000 | ||
CY2024Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12250000 | |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-351000 | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-22001000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-10149000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-21208000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-13827000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4138000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2576000 | ||
us-gaap |
Depreciation
Depreciation
|
64000 | ||
us-gaap |
Depreciation
Depreciation
|
82000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
216000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
171000 | ||
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
252000 | ||
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
245000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
517000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-440000 | ||
mreo |
Interest Expenses
InterestExpenses
|
615000 | ||
mreo |
Interest Expenses
InterestExpenses
|
941000 | ||
mreo |
Interest Income
InterestIncome
|
0 | ||
mreo |
Interest Income
InterestIncome
|
103000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
644000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2010000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-644000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
6108000 | ||
mreo |
Increase Decrease In Research And Development Taxes Receivable
IncreaseDecreaseInResearchAndDevelopmentTaxesReceivable
|
847000 | ||
mreo |
Increase Decrease In Research And Development Taxes Receivable
IncreaseDecreaseInResearchAndDevelopmentTaxesReceivable
|
1924000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
368000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1494000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
306000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1149000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-316000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-280000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-15895000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17002000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
699000 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
419000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-699000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-419000 | ||
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
0 | ||
us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
100000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
47000000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | ||
mreo |
Consideration Paid For Transaction Cost On Issuance Of Ordinary Shares
ConsiderationPaidForTransactionCostOnIssuanceOfOrdinaryShares
|
219000 | ||
mreo |
Consideration Paid For Transaction Cost On Issuance Of Ordinary Shares
ConsiderationPaidForTransactionCostOnIssuanceOfOrdinaryShares
|
0 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
33000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
46781000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
67000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
30187000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-17354000 | ||
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
57421000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
68182000 | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-177000 | ||
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2139000 | ||
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
87431000 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
52967000 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
10000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
863000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
37000 | ||
mreo |
Cash Paid For The Amounts Included In The Measurement Of Operating Lease Liabilities
CashPaidForTheAmountsIncludedInTheMeasurementOfOperatingLeaseLiabilities
|
387000 | ||
mreo |
Cash Paid For The Amounts Included In The Measurement Of Operating Lease Liabilities
CashPaidForTheAmountsIncludedInTheMeasurementOfOperatingLeaseLiabilities
|
377000 | ||
mreo |
Issuance Of Common Stock Transaction Costs Not Yet Paid
IssuanceOfCommonStockTransactionCostsNotYetPaid
|
804000 | ||
mreo |
Issuance Of Common Stock Transaction Costs Not Yet Paid
IssuanceOfCommonStockTransactionCostsNotYetPaid
|
0 | ||
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
50537000 | |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8951000 | |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-798000 | |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2050000 | |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42838000 | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12255000 | |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
5000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates</span></p><p style="text-indent:6.667%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting periods. Significant estimates and assumptions reflected in the Company's unaudited condensed financial statements include, but are not limited to, revenue recognition on contracts with customers and convertible loan notes. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates.</span></p> | ||
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2088000 | |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-2000 | |
CY2024Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
47000000 | |
CY2024Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
999000 | |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
78650000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
51402000 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12076000 | |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2278000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
|
1161000 | |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1635000 | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44400000 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1751000 | |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1400000 | |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
943000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
2000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
|
4617000 | |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
54000 | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
49665000 | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="notes_consolidated_financial_statements" style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">1. Nature </span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">of business</span></p><p style="text-indent:6.667%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Mereo BioPharma Group plc (the “Company” or “Mereo”) is a United Kingdom (“U.K.”) based biopharmaceutical company focused on the development of innovative therapeutics for rare diseases. The Company has developed a portfolio of late-stage clinical product candidates, and its two rare disease product candidates are setrusumab for the treatment of osteogenesis imperfecta (“OI”) and alvelestat primarily for the treatment of severe alpha-1 antitrypsin deficiency-associated lung disease (“AATD-LD”).</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:6.667%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company is a public limited company incorporated and domiciled in the U.K., and registered in England, with shares publicly traded on the Nasdaq Capital Market via American Depositary Shares (“ADSs”) under the ticker symbol “MREO”. The Company’s registered office is located at Fourth Floor, 1 Cavendish Place, London, W1G 0QF, United Kingdom.</span></p> | ||
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-440800000 | |
CY2024Q2 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
653000 | |
CY2023Q4 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
599000 | |
CY2024Q2 | mreo |
Prepaid Research And Development Services
PrepaidResearchAndDevelopmentServices
|
1204000 | |
CY2023Q4 | mreo |
Prepaid Research And Development Services
PrepaidResearchAndDevelopmentServices
|
632000 | |
CY2024Q2 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
0 | |
CY2023Q4 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
1950000 | |
CY2024Q2 | mreo |
Employee Taxes On Performance Share Unit Vesting To Be Remitted To Taxing Authorities
EmployeeTaxesOnPerformanceShareUnitVestingToBeRemittedToTaxingAuthorities
|
1602000 | |
CY2023Q4 | mreo |
Employee Taxes On Performance Share Unit Vesting To Be Remitted To Taxing Authorities
EmployeeTaxesOnPerformanceShareUnitVestingToBeRemittedToTaxingAuthorities
|
0 | |
CY2024Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
475000 | |
CY2023Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
615000 | |
CY2024Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
555000 | |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
1360000 | |
CY2024Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4489000 | |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5156000 | |
mreo |
Amount Received
AmountReceived
|
1600000 | ||
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1215000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1205000 | |
CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
877000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
800000 | |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
338000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
405000 | |
CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
100000 | |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
100000 | |
us-gaap |
Depreciation
Depreciation
|
100000 | ||
us-gaap |
Depreciation
Depreciation
|
100000 | ||
CY2024Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
200000 | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
300000 | ||
CY2023Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
200000 | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
300000 | ||
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y11M12D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y11M12D | |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.10 | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.10 | |
CY2024Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
193000 | |
CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
191000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
387000 | ||
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
377000 | ||
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
|
387000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
|
771000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
|
193000 | |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1351000 | |
CY2024Q2 | mreo |
Lessee Operating Lease Liability Undiscounted Adjustment Amount
LesseeOperatingLeaseLiabilityUndiscountedAdjustmentAmount
|
-120000 | |
CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1231000 | |
CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
679000 | |
CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
552000 | |
CY2024Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
695000 | |
CY2023Q4 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
280000 | |
CY2024Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
1602000 | |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
0 | |
CY2024Q2 | mreo |
Deferred Consideration Liability Current
DeferredConsiderationLiabilityCurrent
|
276000 | |
CY2023Q4 | mreo |
Deferred Consideration Liability Current
DeferredConsiderationLiabilityCurrent
|
711000 | |
CY2024Q2 | mreo |
Equity Issuance Costs Payable Current
EquityIssuanceCostsPayableCurrent
|
804000 | |
CY2023Q4 | mreo |
Equity Issuance Costs Payable Current
EquityIssuanceCostsPayableCurrent
|
0 | |
CY2024Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
58000 | |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
30000 | |
CY2024Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3435000 | |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1021000 | |
CY2024Q2 | mreo |
Accrued Research And Development Costs
AccruedResearchAndDevelopmentCosts
|
765000 | |
CY2023Q4 | mreo |
Accrued Research And Development Costs
AccruedResearchAndDevelopmentCosts
|
1821000 | |
CY2024Q2 | mreo |
Accrued Legal Fees
AccruedLegalFees
|
468000 | |
CY2023Q4 | mreo |
Accrued Legal Fees
AccruedLegalFees
|
266000 | |
CY2024Q2 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
1120000 | |
CY2023Q4 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
1624000 | |
CY2024Q2 | mreo |
Accrued Audit Fees
AccruedAuditFees
|
370000 | |
CY2023Q4 | mreo |
Accrued Audit Fees
AccruedAuditFees
|
671000 | |
CY2024Q2 | us-gaap |
Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
|
223000 | |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
|
338000 | |
CY2024Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
0 | |
CY2023Q4 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
382000 | |
CY2024Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
775000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
365000 | |
CY2024Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
3721000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
5467000 | |
CY2023Q4 | mreo |
Warrant Liability
WarrantLiability
|
412000 | |
CY2022Q4 | mreo |
Warrant Liability
WarrantLiability
|
643000 | |
CY2024Q1 | mreo |
Fair Value Changes During The Year
FairValueChangesDuringTheYear
|
448000 | |
CY2023Q1 | mreo |
Fair Value Changes During The Year
FairValueChangesDuringTheYear
|
-542000 | |
CY2024Q1 | mreo |
Warrant Liability Foreign Exchange
WarrantLiabilityForeignExchange
|
-5000 | |
CY2023Q1 | mreo |
Warrant Liability Foreign Exchange
WarrantLiabilityForeignExchange
|
4000 | |
CY2024Q1 | mreo |
Warrant Liability
WarrantLiability
|
855000 | |
CY2023Q1 | mreo |
Warrant Liability
WarrantLiability
|
105000 | |
CY2024Q2 | mreo |
Fair Value Changes During The Year
FairValueChangesDuringTheYear
|
69000 | |
CY2023Q2 | mreo |
Fair Value Changes During The Year
FairValueChangesDuringTheYear
|
102000 | |
CY2024Q2 | mreo |
Warrant Liability Foreign Exchange
WarrantLiabilityForeignExchange
|
1000 | |
CY2023Q2 | mreo |
Warrant Liability Foreign Exchange
WarrantLiabilityForeignExchange
|
3000 | |
CY2024Q2 | mreo |
Warrant Liability
WarrantLiability
|
925000 | |
CY2023Q2 | mreo |
Warrant Liability
WarrantLiability
|
210000 | |
CY2024Q2 | mreo |
Percentage Of Issued Shares Capital
PercentageOfIssuedSharesCapital
|
0.003 | |
CY2023Q4 | mreo |
Percentage Of Issued Shares Capital
PercentageOfIssuedSharesCapital
|
0.004 | |
mreo |
Disclosure Of Weighted Average Inputs To The Models Used For The Fair Value Of Warrants Granted Explanatory
DisclosureOfWeightedAverageInputsToTheModelsUsedForTheFairValueOfWarrantsGrantedExplanatory
|
<p style="text-indent:6.667%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The following table lists the weighted average inputs to the models used to calculate the fair value of warrants:</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;"> </span></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:80.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:66.967%;"></td> <td style="width:1.16%;"></td> <td style="width:1%;"></td> <td style="width:13.357%;"></td> <td style="width:1%;"></td> <td style="width:1.16%;"></td> <td style="width:1%;"></td> <td style="width:13.357%;"></td> <td style="width:1%;"></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">June 30,</span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">December 31,</span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">2024</span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">2023</span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Expected volatility (%)</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">95</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">102</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Risk-free interest rate (%)</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">4.05</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">3.36</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Expected life of warrants (years)</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">3.7</span></span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">5.2</span></span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Market price of ADS ($)</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">3.60</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">2.31</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Model used</span></p></td> <td style="vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Black-Scholes</span></span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td colspan="3" style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Black-Scholes</span></span></p></td> <td style="vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> </tr> </table> | ||
mreo |
Description Of Expected Volatility Share Options Granted
DescriptionOfExpectedVolatilityShareOptionsGranted
|
0.95 | ||
CY2023 | mreo |
Description Of Expected Volatility Share Options Granted
DescriptionOfExpectedVolatilityShareOptionsGranted
|
1.02 | |
mreo |
Description Of Risk Free Interest Rate Share Options Granted
DescriptionOfRiskFreeInterestRateShareOptionsGranted
|
0.0405 | ||
CY2023 | mreo |
Description Of Risk Free Interest Rate Share Options Granted
DescriptionOfRiskFreeInterestRateShareOptionsGranted
|
0.0336 | |
mreo |
Expected Life Of Share Options Granted
ExpectedLifeOfShareOptionsGranted
|
P3Y8M12D | ||
CY2023 | mreo |
Expected Life Of Share Options Granted
ExpectedLifeOfShareOptionsGranted
|
P5Y2M12D | |
mreo |
Market Price Of Ordinary Shares
MarketPriceOfOrdinaryShares
|
3.6 | ||
CY2023 | mreo |
Market Price Of Ordinary Shares
MarketPriceOfOrdinaryShares
|
2.31 | |
mreo |
Description Of Option Pricing Model Share Options Granted
DescriptionOfOptionPricingModelShareOptionsGranted
|
Black-Scholes | ||
CY2023 | mreo |
Description Of Option Pricing Model Share Options Granted
DescriptionOfOptionPricingModelShareOptionsGranted
|
Black-Scholes | |
CY2024Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
12531300 | |
us-gaap |
Revenues
Revenues
|
0 | ||
CY2024Q2 | us-gaap |
Revenues
Revenues
|
0 | |
CY2024Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
2088000 | |
CY2023Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
943000 | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
4138000 | ||
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
2576000 | ||
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
7300000 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
|
P1Y8M12D | ||
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12255000 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1751000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-21208000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-13827000 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
711770804 | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
711770804 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
628421064 | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
628421064 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
706407371 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
706407371 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
626185695 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
626185695 | ||
us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
0 | ||
CY2024Q2 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
0 | |
us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
0 | ||
CY2023Q2 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
0 | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | mreo |
Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
|
false | |
CY2024Q2 | mreo |
Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |