2024 Q2 Form 10-Q Financial Statement

#000121390024042948 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $825.8K $1.377M $466.2K
YoY Change 31.1% 195.45% 1174.4%
Cost Of Revenue $543.9K $986.9K $434.7K
YoY Change 40.82% 127.04% 497.0%
Gross Profit $281.9K $390.4K $31.50K
YoY Change 15.68% 1139.31% -186.95%
Gross Profit Margin 34.13% 28.35% 6.76%
Selling, General & Admin $1.881M $2.003M $1.821M
YoY Change 1.0% 9.99% 0.16%
% of Gross Profit 667.36% 513.03% 5780.74%
Research & Development $1.195M $1.274M $1.706M
YoY Change -36.84% -25.36% 41.56%
% of Gross Profit 423.84% 326.21% 5416.35%
Depreciation & Amortization $57.53K $55.32K $38.33K
YoY Change 11.97% 44.32% 34.35%
% of Gross Profit 20.41% 14.17% 121.67%
Operating Expenses $3.076M $3.277M $3.527M
YoY Change -18.06% -7.11% 16.66%
Operating Profit -$2.794M -$2.886M -$3.496M
YoY Change -20.41% -17.44% 14.25%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $26.38K $31.01K -$26.91K
YoY Change -36.38% -215.23% -1646.55%
Pretax Income -$2.768M -$2.855M -$3.523M
YoY Change -20.22% -18.95% 15.2%
Income Tax
% Of Pretax Income
Net Earnings -$2.768M -$2.855M -$3.523M
YoY Change -20.22% -18.95% 15.2%
Net Earnings / Revenue -335.14% -207.3% -755.69%
Basic Earnings Per Share -$0.10 -$0.11 -$0.21
Diluted Earnings Per Share -$0.10 -$0.11 -$0.21
COMMON SHARES
Basic Shares Outstanding 27.52M shares 25.93M shares 16.36M shares
Diluted Shares Outstanding 27.35M shares 25.91M shares 16.41M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.620M $2.435M $4.598M
YoY Change -47.46% -47.04% -64.27%
Cash & Equivalents $1.620M $2.435M $3.602M
Short-Term Investments $995.4K
Other Short-Term Assets $261.5K $407.8K $370.7K
YoY Change -6.21% 10.0% 17.65%
Inventory $1.793M $1.312M $1.174M
Prepaid Expenses $370.7K
Receivables $410.6K $555.6K $214.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.085M $4.710M $6.357M
YoY Change -16.26% -25.91% -52.71%
LONG-TERM ASSETS
Property, Plant & Equipment $472.5K $496.0K $522.8K
YoY Change -19.49% -5.13% -0.04%
Goodwill
YoY Change
Intangibles $72.84K $78.42K $100.7K
YoY Change -23.45% -22.15%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $827.2K $685.2K $848.5K
YoY Change -5.94% -19.26% 31.35%
TOTAL ASSETS
Total Short-Term Assets $4.085M $4.710M $6.357M
Total Long-Term Assets $827.2K $685.2K $848.5K
Total Assets $4.913M $5.395M $7.205M
YoY Change -14.68% -25.12% -48.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $759.3K $780.8K $953.4K
YoY Change -20.81% -18.1% 113.77%
Accrued Expenses $931.7K $759.6K $596.9K
YoY Change 18.07% 27.25% 64.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $121.9K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.691M $1.540M $1.550M
YoY Change -3.26% -0.64% 91.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $209.9K $0.00 $121.9K
YoY Change 136.07% -100.0% -21.88%
Total Long-Term Liabilities $209.9K $0.00 $121.9K
YoY Change 136.07% -100.0% -21.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.691M $1.540M $1.550M
Total Long-Term Liabilities $209.9K $0.00 $121.9K
Total Liabilities $1.901M $1.540M $1.672M
YoY Change 3.49% -7.88% 73.07%
SHAREHOLDERS EQUITY
Retained Earnings -$71.70M -$68.90M -$56.10M
YoY Change 20.4% 22.82%
Common Stock $27.85K $26.32K $16.89K
YoY Change 55.9% 55.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.012M $3.854M $5.533M
YoY Change
Total Liabilities & Shareholders Equity $4.913M $5.395M $7.205M
YoY Change -14.68% -25.12% -48.86%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$2.768M -$2.855M -$3.523M
YoY Change -20.22% -18.95% 15.2%
Depreciation, Depletion And Amortization $57.53K $55.32K $38.33K
YoY Change 11.97% 44.32% 34.35%
Cash From Operating Activities -$2.360M -$2.175M -$3.552M
YoY Change -19.72% -38.75% 10.24%
INVESTING ACTIVITIES
Capital Expenditures $14.80K $31.36K $175.7K
YoY Change -89.37% -82.15% -288.28%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $2.000M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$14.80K -$31.36K $1.824M
YoY Change -101.72% -101.72% -2054.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.561M 1.960M 662.0K
YoY Change -0.02% 196.12% -206962.5%
NET CHANGE
Cash From Operating Activities -2.360M -2.175M -3.552M
Cash From Investing Activities -14.80K -31.36K 1.824M
Cash From Financing Activities 1.561M 1.960M 662.0K
Net Change In Cash -814.7K -246.3K -1.065M
YoY Change 57.06% -76.88% -67.87%
FREE CASH FLOW
Cash From Operating Activities -$2.360M -$2.175M -$3.552M
Capital Expenditures $14.80K $31.36K $175.7K
Free Cash Flow -$2.375M -$2.207M -$3.727M
YoY Change -22.87% -40.8% 19.15%

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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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nmtc Unpaid Deferred Issuance Costsoffset In Prepaids And Other Assets
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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nmtc Purchased Property And Equipment In Accounts Payable
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CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Management’s Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2024Q1 us-gaap Advertising Expense
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15781 usd
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nmtc Number Of Days To Remedy Default
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37500 usd
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us-gaap Royalty Expense
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75000 usd
us-gaap Royalty Expense
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CY2024Q1 us-gaap Operating Lease Right Of Use Asset
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CY2023Q3 us-gaap Operating Lease Right Of Use Asset
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CY2024Q1 us-gaap Operating Lease Liability
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CY2023Q3 us-gaap Operating Lease Liability
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P0Y10M24D
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P1Y4M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.077 pure
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0.078 pure
CY2024Q1 nmtc Lessee Operating Lease Liability To Be Paid Remainder Of Calendar Year
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105365 usd
CY2024Q1 nmtc Lessee Operating Lease Liability Payments Due Fiscal Year
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4696 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
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121896 usd
CY2024Q1 us-gaap Inventory Gross
InventoryGross
850271 usd
CY2023Q3 us-gaap Inventory Gross
InventoryGross
1202778 usd
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
461402 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
343597 usd
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
180311 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
1311673 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
1726686 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
89577 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11158 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
78419 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5579 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11158 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5579 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11158 usd
CY2024Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
939398 usd
CY2023Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
860737 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
939398 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
443383 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
334984 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
496015 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
525753 usd
CY2024Q1 us-gaap Depreciation
Depreciation
55321 usd
us-gaap Depreciation
Depreciation
108399 usd
CY2023Q1 us-gaap Depreciation
Depreciation
38331 usd
us-gaap Depreciation
Depreciation
68641 usd
CY2024Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
579071 usd
CY2023Q3 us-gaap Accrued Payroll Taxes Current
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CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
121896 usd
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
129116 usd
CY2024Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
41646 usd
CY2023Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
104024 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17007 usd
CY2024Q1 us-gaap Accrued Liabilities Current
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759620 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1107522 usd
CY2022 us-gaap Payments For Fees
PaymentsForFees
2000000 usd
CY2022Q3 us-gaap Payment For Management Fee
PaymentForManagementFee
3500000 usd
CY2022 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
3
nmtc Transaction Price Associated With The Development Agreement
TransactionPriceAssociatedWithTheDevelopmentAgreement
5400000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
100000 usd
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
1455188 usd
us-gaap Recognition Of Deferred Revenue
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CY2024Q1 us-gaap Revenues
Revenues
1377294 usd
us-gaap Revenues
Revenues
2354943 usd
CY2023Q1 us-gaap Revenues
Revenues
466176 usd
us-gaap Revenues
Revenues
580755 usd
CY2024Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
280516 usd
CY2023Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
199467 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
523714 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
454932 usd
CY2024Q1 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
76342 usd
CY2023Q1 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
38161 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
141782 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
82877 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
356858 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
237628 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
665496 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
537809 usd
nmtc Shares Outstanding Percentage
SharesOutstandingPercentage
0.13 pure
CY2024Q1 nmtc Option Plan Shares
OptionPlanShares
1051556 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
65000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
56781 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1225669 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
130512 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.91
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.88
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.08
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.75
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2879096 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1708427 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.117 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.581 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.119 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.555 pure
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y2M12D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.043 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.037 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.046 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.039 pure
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
48295 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
84778 shares
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
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CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
104911 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
212224 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
55000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
183130 shares
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3100000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
One
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q4 nmtc Maximum Aggregate Common Stock Offering Price
MaximumAggregateCommonStockOfferingPrice
14500000 usd
CY2022Q4 nmtc Fixed Commission Rate
FixedCommissionRate
0.03 pure
CY2023Q3 nmtc Maximum Aggregate Common Stock Offering Price
MaximumAggregateCommonStockOfferingPrice
2600000 usd
CY2023Q4 nmtc Maximum Aggregate Common Stock Offering Price
MaximumAggregateCommonStockOfferingPrice
4800000 usd
CY2024Q1 nmtc Maximum Aggregate Common Stock Offering Price
MaximumAggregateCommonStockOfferingPrice
9300000 usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1461353 shares
CY2024Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2329596 shares
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2094196 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3350467 usd
CY2023Q4 us-gaap Shares Issued
SharesIssued
5903123 shares
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
516484 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
928257 usd
CY2023Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
183359 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
183359 usd
CY2024Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
nmtc Warrant Expired
WarrantExpired
279727 shares
CY2024Q1 nmtc Warrant Expired
WarrantExpired
1338860 shares
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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false
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q1 nmtc Stock Issued During Period Value Restricted Stock Unit Gross
StockIssuedDuringPeriodValueRestrictedStockUnitGross
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CY2024Q1 nmtc Stock Issued During Period Value Restricted Stock Unit Gross
StockIssuedDuringPeriodValueRestrictedStockUnitGross
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
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nmtc Unpaid Deferred Issuance Costsoffset In Prepaids And Other Assets
UnpaidDeferredIssuanceCostsoffsetInPrepaidsAndOtherAssets
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2023Q3 us-gaap Other Accrued Liabilities Current
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CY2023Q3 us-gaap Deferred Revenue
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us-gaap Recognition Of Deferred Revenue
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CY2024Q1 us-gaap Deferred Revenue
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CY2023Q1 us-gaap Deferred Revenue
DeferredRevenue
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CY2024Q1 us-gaap Deferred Revenue
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CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q1 us-gaap Income Tax Expense Benefit
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001500198

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