2015 Q2 Form 10-Q Financial Statement
#000114420415031364 Filed on May 15, 2015
Income Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.050M | $600.0K | $610.0K |
YoY Change | -33.96% | -1.64% | -26.51% |
% of Gross Profit | |||
Research & Development | $1.390M | $546.5K | $625.7K |
YoY Change | -36.82% | -12.67% | -53.96% |
% of Gross Profit | |||
Depreciation & Amortization | $140.0K | $51.33K | $50.00K |
YoY Change | 180.0% | 2.66% | -16.67% |
% of Gross Profit | |||
Operating Expenses | $2.440M | $1.123M | $1.233M |
YoY Change | -35.62% | -8.98% | -43.7% |
Operating Profit | -$1.123M | -$1.233M | |
YoY Change | -8.98% | -43.7% | |
Interest Expense | $1.830M | $1.920M | $2.726M |
YoY Change | -230.71% | -29.55% | 231.48% |
% of Operating Profit | |||
Other Income/Expense, Net | -$310.0K | $871.6K | $2.557M |
YoY Change | 106.67% | -65.92% | -271.39% |
Pretax Income | -$920.0K | -$251.0K | $1.324M |
YoY Change | -82.77% | -118.96% | -135.95% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | ||
Net Earnings | -$920.0K | -$251.0K | $1.324M |
YoY Change | -82.77% | -118.96% | -135.95% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.02 | |
Diluted Earnings Per Share | -$321.7K | -$0.02 | -$0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 57.15M shares | 56.94M shares | 53.32M shares |
Diluted Shares Outstanding | 59.61M shares | 55.03M shares |
Balance Sheet
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $31.47M | $33.92M | $33.27M |
YoY Change | -14.25% | 1.95% | 115.2% |
Cash & Equivalents | $31.47M | $33.92M | $33.27M |
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | $0.00 | $1.340M |
YoY Change | -100.0% | -100.0% | -12.99% |
Inventory | |||
Prepaid Expenses | $214.4K | $308.6K | $1.339M |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $31.68M | $34.29M | $34.60M |
YoY Change | -14.27% | -0.9% | 103.55% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $11.96M | $10.91M | $3.935M |
YoY Change | 117.63% | 177.16% | 755.48% |
Goodwill | |||
YoY Change | |||
Intangibles | $399.7K | $401.8K | $410.5K |
YoY Change | -2.09% | -2.11% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $140.0K | $0.00 | $2.000M |
YoY Change | -86.0% | -100.0% | |
Total Long-Term Assets | $12.50M | $11.31M | $6.346M |
YoY Change | 81.1% | 78.21% | 621.1% |
TOTAL ASSETS | |||
Total Short-Term Assets | $31.68M | $34.29M | $34.60M |
Total Long-Term Assets | $12.50M | $11.31M | $6.346M |
Total Assets | $44.19M | $45.60M | $40.95M |
YoY Change | 0.75% | 11.36% | 129.03% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $410.0K | $20.00K | $1.000M |
YoY Change | -4.65% | -98.0% | 14.94% |
Accrued Expenses | $28.52K | $125.1K | $207.1K |
YoY Change | -68.95% | -39.62% | 38.06% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $600.9K | $523.4K | $1.208M |
YoY Change | 16.06% | -56.67% | -72.6% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $3.887M |
YoY Change | -100.0% | -100.0% | 16.39% |
Other Long-Term Liabilities | $4.620M | $6.350M | $3.820M |
YoY Change | -57.77% | 66.23% | |
Total Long-Term Liabilities | $11.80M | $13.22M | $11.79M |
YoY Change | -40.92% | 12.07% | 253.13% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $600.9K | $523.4K | $1.208M |
Total Long-Term Liabilities | $11.80M | $13.22M | $11.79M |
Total Liabilities | $12.40M | $13.74M | $13.00M |
YoY Change | -39.48% | 5.68% | 67.78% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$54.10M | -$53.18M | -$44.90M |
YoY Change | 4.24% | 18.44% | |
Common Stock | $57.24K | $57.15K | $54.54K |
YoY Change | 4.8% | 4.79% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $31.79M | $31.86M | $27.95M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $44.19M | $45.60M | $40.95M |
YoY Change | 0.75% | 11.36% | 129.03% |
Cashflow Statement
Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$920.0K | -$251.0K | $1.324M |
YoY Change | -82.77% | -118.96% | -135.95% |
Depreciation, Depletion And Amortization | $140.0K | $51.33K | $50.00K |
YoY Change | 180.0% | 2.66% | -16.67% |
Cash From Operating Activities | -$1.250M | -$2.090M | -$1.860M |
YoY Change | 31.58% | 12.37% | 8.77% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.200M | -$250.0K | -$1.260M |
YoY Change | -25.47% | -80.16% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $1.000M | $0.00 |
YoY Change | -100.0% | -100.0% | |
Cash From Investing Activities | -$1.200M | $750.0K | -$1.260M |
YoY Change | 96.72% | -159.52% | 26.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | 19.44M |
YoY Change | -100.0% | -100.0% | 353.15% |
NET CHANGE | |||
Cash From Operating Activities | -1.250M | -2.090M | -1.860M |
Cash From Investing Activities | -1.200M | 750.0K | -1.260M |
Cash From Financing Activities | 0.000 | 0.000 | 19.44M |
Net Change In Cash | -2.450M | -1.340M | 16.32M |
YoY Change | -171.22% | -108.21% | 932.91% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.250M | -$2.090M | -$1.860M |
Capital Expenditures | -$1.200M | -$250.0K | -$1.260M |
Free Cash Flow | -$50.00K | -$1.840M | -$600.0K |
YoY Change | -107.58% | 206.67% | -64.91% |
Facts In Submission
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---|---|---|---|---|
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Property Plant And Equipment Gross
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|
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Property Plant And Equipment Gross
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
1393982 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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Property Plant And Equipment Net
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Finite Lived Intangible Assets Gross
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Assets
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Accounts Payable Trade Current
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Assets Current
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Accounts Payable Related Parties Current
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Accrued Liabilities Current
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125054 | USD |
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Accrued Liabilities Current
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Long Term Debt Noncurrent
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Commitments And Contingencies
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Additional Paid In Capital
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Retained Earnings Accumulated Deficit
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Common Stock Par Or Stated Value Per Share
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Document Type
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10-Q | ||
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2015-03-31 | ||
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Current Fiscal Year End Date
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Trading Symbol
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Entity Common Stock Shares Outstanding
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Entity Registrant Name
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NANOVIRICIDES, INC. | ||
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Property Plant And Equipment Net
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Depreciation
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Preferred Shares Issued As Compensation
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Adjustment For Amortization
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Change In Fair Value Of Derivative Liability
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Increase Decrease In Deferred Charges
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Increase Decrease In Accounts Payable Trade
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Increase Decrease Prepaid Expenses Or Accounts Payable Related Parties
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nnvc |
Increase Decrease Prepaid Expenses Or Accounts Payable Related Parties
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us-gaap |
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|
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us-gaap |
Payments To Acquire Property Plant And Equipment
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Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
6743297 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
19342102 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2777488 | USD | |
CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13923245 | USD |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
33265347 | USD |
us-gaap |
Interest Paid
InterestPaid
|
0 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
0 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
nnvc |
Stock Warrants Granted To Brokers
StockWarrantsGrantedToBrokers
|
248758 | USD | |
nnvc |
Stock Warrants Granted To Brokers
StockWarrantsGrantedToBrokers
|
0 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Note 1 - Organization and Nature of Business</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">NanoViricides, Inc. (the “Company) was incorporated under the laws of the State of Colorado on July 25, 2000 as Edot-com.com, Inc<b>.</b> which was organized for the purpose of conducting internet retail sales.  On April 1, 2005, Edot-com.com, Inc. was incorporated under the laws of the State of Nevada for the purpose of re-domiciling as a Nevada corporation.  On <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">May 12, 2005</font>, the corporations were merged and Edot-com.com, Inc<b>.,</b> the Nevada corporation, became the surviving entity.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On June 1, 2005, Edot-com.com, Inc. (“ECMM”) acquired Nanoviricide, Inc., a privately owned Florida corporation (“NVI”), pursuant to an Agreement and Plan of Share Exchange (the “Exchange”).  Nanoviricide, Inc. was incorporated under the laws of the State of Florida on May 12, 2005.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Pursuant to the terms of the Exchange, ECMM acquired NVI in exchange for an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 80,000,000</font> newly issued shares of ECMM common stock resulting in an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000,000</font></font> shares of ECMM common stock issued and outstanding.  NVI then became a wholly-owned subsidiary of ECMM. The ECMM shares were issued to the NVI shareholders on a pro rata basis, on the basis of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 4,000</font> shares of the Company’s common stock for each share of NVI common stock held by such NVI shareholder at the time of the Exchange.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">As a result of the Exchange transaction, the former NVI stockholders held approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 80</font>% of the voting capital stock of the Company immediately after the Exchange.  For financial accounting purposes, this acquisition was a reverse acquisition of ECCM by NVI, under the purchase method of accounting, and was treated as a recapitalization with NVI as the acquirer. Accordingly, the financial statements have been prepared to give retroactive effect to May 12, 2005 (date of inception), of the reverse acquisition completed on June 1, 2005, and represent the operations of NVI.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On June 28, 2005, NVI was merged into its parent ECMM and the separate corporate existence of NVI ceased.  Effective on the same date, Edot-com.com, Inc. changed its name to NanoViricides, Inc. and its stock symbol to “NNVC”, respectively.  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">NanoViricides,  Inc. (the “Company”), is a nano-biopharmaceutical company whose business goals are to discover, develop and commercialize therapeutics to advance the care of patients suffering from life-threatening viral infections. We are a company with several drugs in various stages of early development. Our drugs are based on several patents, patent applications, provisional patent applications, and other proprietary intellectual property held by TheraCour Pharma, Inc. (“TheraCour”), an entity owned and controlled by a significant stockholder, to which we have the necessary exclusive, worldwide licenses in perpetuity. The first agreement we executed with TheraCour Pharma on  September 1, 2005, gave us an exclusive, worldwide license for the treatment of the following human viral diseases: Human Immunodeficiency Virus (HIV/AIDS), Hepatitis B Virus (HBV), Hepatitis C Virus (HCV), Herpes Simplex Virus (HSV), Influenza and Asian Bird Flu Virus.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On February 15, 2010, the Company executed an Additional License Agreement with TheraCour.  Pursuant to the Additional License Agreement, the Company was granted exclusive, worldwide licenses, in perpetuity, for technologies, developed by TheraCour, for the development of drug candidates for the treatment of Dengue viruses, Ebola/Marburg viruses, Japanese Encephalitis, viruses causing viral Conjunctivitis (a disease of the eye) and Ocular Herpes.  As consideration for obtaining these exclusive licenses, we agreed to pay a onetime licensing fee equal to 2,000,000 shares <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">(adjusted for the 3.5 to 1 reverse split)</font> of the Company’s Series A Convertible Preferred Stock (the “Series A Preferred Stock”).  The Series A Preferred Stock is convertible, only upon sale or merger of the Company, or the sale of or license of substantially all of the Company’s intellectual property, into shares of the Company’s common stock at the rate of 3.5 shares of common stock for each share of Series A Preferred Stock.  The Series A Preferred Stock has a preferred voting preference at the rate of nine votes per share. The Preferred Series A do not contain any rights to dividends, have no liquidation preference, and are not to be amended without the holder’s approval. The <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2,000,000</font> shares were valued at the par value of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2,000</font>.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
dei |
Entity Incorporation State Country Name
EntityIncorporationStateCountryName
|
Colorado | ||
us-gaap |
Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
|
Edot-com.com, Inc. | ||
us-gaap |
Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
|
2005-05-12 | ||
CY2011Q1 | nnvc |
Space For Office And Laboratory
SpaceForOfficeAndLaboratory
|
7000 | sqft |
CY2011Q1 | nnvc |
Monthly Base Rent
MonthlyBaseRent
|
8695 | USD |
CY2011Q1 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2011-02-28 | |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
78255 | USD | |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
78255 | USD | |
invest |
Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
|
3.50 | ||
nnvc |
Number Of Common Stock To Be Issued Upon Conversion Of Warrants
NumberOfCommonStockToBeIssuedUponConversionOfWarrants
|
51444 | shares | |
CY2015Q1 | nnvc |
Fair Value Of Common Stock Warrant Issued During Period For Consulting Services
FairValueOfCommonStockWarrantIssuedDuringPeriodForConsultingServices
|
52130 | USD |
CY2015Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
0 | USD |
CY2014Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
1000000 | USD |
CY2014Q1 | us-gaap |
Interest Expense
InterestExpense
|
2725716 | USD |
CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
1920268 | USD |
us-gaap |
Interest Expense
InterestExpense
|
2972216 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
2412712 | USD | |
CY2015Q1 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
8376336 | USD |
CY2014Q2 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
3099780 | USD |
CY2015Q1 | nnvc |
Office Equipment Gross
OfficeEquipmentGross
|
30048 | USD |
CY2014Q2 | nnvc |
Office Equipment Gross
OfficeEquipmentGross
|
30048 | USD |
CY2015Q1 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
1400 | USD |
CY2014Q2 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
1400 | USD |
CY2015Q1 | nnvc |
Lab Equipment Gross
LabEquipmentGross
|
3893110 | USD |
CY2014Q2 | nnvc |
Lab Equipment Gross
LabEquipmentGross
|
3605514 | USD |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9405780 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6495242 | shares | |
nnvc |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm
|
P0Y | ||
CY2015Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
0 | USD |
CY2014Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
150000 | USD |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | pure | |
nnvc |
Discount On Longterm Convertible Debentures
DiscountOnLongtermConvertibleDebentures
|
419305 | USD | |
nnvc |
Discount On Longterm Convertible Debentures
DiscountOnLongtermConvertibleDebentures
|
860454 | USD | |
us-gaap |
Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
|
charge its costs (direct and indirect) plus no more than 30% of direct costs | ||
nnvc |
Lab Supplies And Chemicals Fees
LabSuppliesAndChemicalsFees
|
25000 | USD | |
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
2000 | USD | |
CY2015Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
9000000 | USD |
CY2014Q2 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
4000000 | USD |
us-gaap |
Fair Value Measurements Significant Assumptions
FairValueMeasurementsSignificantAssumptions
|
a. The common stock price (post-reverse split) was in the range $2.72 to $2.29; b. The calculated weighted average number of shares of common stock in the period; c. A 5.36% premium over the common shares for the voting preferences; d. The calculated weighted average number of total voting shares and the monthly shares representing voting rights of 4.896% to 5.046% of the total; e. The conversion value is based on an assumption for calculation purposes only of a Change of Control in 4 years from March 1, 2013 and a remaining restricted term of 2.08 to 1.92 years; f. 32.61% to 31.42% restricted stock discount (based on a restricted stock analysis and call-put analysis curve: 78.63% to 69.38% volatility, 0.674% to 0.47% risk free rate) applied to the converted common. | ||
CY2014Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
72790654 | USD |
CY2014Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-44900947 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
27947261 | USD |
CY2014Q1 | us-gaap |
Liabilities
Liabilities
|
13002679 | USD |
CY2014Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
11794495 | USD |
CY2014Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | ||
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | ||
CY2014Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
53318736 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56941122 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50307984 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56356105 | shares | |
CY2014Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
3.50 | |
CY2014Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55033023 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
59607788 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50307984 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
59022772 | shares | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
0 | USD | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1152297 | USD | |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1323854 | USD |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1178576 | USD |
CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-947121 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-6601163 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-4021024 | USD | |
CY2014Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.02 | |
CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.02 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.13 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.07 | ||
CY2014Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.02 | |
CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.00 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.13 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.02 | ||
CY2014Q1 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
-2502430 | USD |
CY2015Q1 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
-696103 | USD |
us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
0 | USD | |
us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
-2740562 | USD | |
CY2014Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
1714286 | shares |
CY2015Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2666667 | shares |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares | |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2666667 | shares | |
CY2015Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
375000 | USD |
CY2014Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
0 | USD |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i><u>Reclassifications</u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Certain accounts in the June 30, 2014 financial statements have been reclassified to conform to the current period presentation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For a summary of significant accounting policies, see the Company’s Annual Report on Form 10-K/A for the fiscal year ended June 30, 2014 filed on February 23, 2015.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2015Q1 | nnvc |
Prepaid Expenses Related Parties
PrepaidExpensesRelatedParties
|
66100 | USD |
CY2014Q2 | nnvc |
Prepaid Expenses Related Parties
PrepaidExpensesRelatedParties
|
0 | USD |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
1000000 | USD | |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
-1000000 | USD | |
nnvc |
Series Preferred Shares Issued For Debenture Interest
SeriesPreferredSharesIssuedForDebentureInterest
|
1152297 | USD | |
nnvc |
Bifurccation Of Embedded Derivative
BifurccationOfEmbeddedDerivative
|
0 | USD | |
nnvc |
Bifurccation Of Embedded Derivative
BifurccationOfEmbeddedDerivative
|
1879428 | USD | |
nnvc |
Issuance Of Series C Debenture For Deposit Received
IssuanceOfSeriesCDebentureForDepositReceived
|
0 | USD | |
nnvc |
Issuance Of Series C Debenture For Deposit Received
IssuanceOfSeriesCDebentureForDepositReceived
|
5000000 | USD | |
nnvc |
Series Preferred Shares Issued During Period Employee Stock Compensation Value Issued For July
SeriesPreferredSharesIssuedDuringPeriodEmployeeStockCompensationValueIssuedForJuly
|
181363 | USD | |
nnvc |
Stock Issued During July Value Issued For Share Based Compensation Consulting And Legal Service One
StockIssuedDuringJulyValueIssuedForShareBasedCompensationConsultingAndLegalServiceOne
|
82360 | USD | |
nnvc |
Stock Issued During Shares Issued For Share Based Compensation Consulting And Legal Services For August
StockIssuedDuringSharesIssuedForShareBasedCompensationConsultingAndLegalServicesForAugust
|
52130 | USD | |
nnvc |
Common Stock Issued During Exercise Of Warrants Value Issues One
CommonStockIssuedDuringExerciseOfWarrantsValueIssuesOne
|
6743297 | USD | |
nnvc |
Common Stock Shares Issued For Payment Of Debenture Interest Value
CommonStockSharesIssuedForPaymentOfDebentureInterestValue
|
1502869 | USD | |
nnvc |
Series Preferred Shares Value Issued For Consulting And Legal Services Rendered
SeriesPreferredSharesValueIssuedForConsultingAndLegalServicesRendered
|
24474 | USD | |
us-gaap |
Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
|
the Company, at its sole option, shall have the right, but not the obligation, to repurchase the Debenture at any time prior to the Maturity Date (the Redemption). If the Company intends to repurchase the Debenture, and if the closing bid price of the Common Stock is greater than $5.25 on the Redemption Date, unless the Holder, on or prior to the Redemption Date, elects to receive the Redemption Payment, as that term is defined herein, the Company shall pay to the Holder: (i) 952,381 shares of Common Stock in consideration of the exchange of the principal amount of the Debenture; and (ii) any and all accrued coupon interest. If on or prior to the Redemption Date, the Holder elects to receive the Redemption Payment, or the closing bid price of the Common Stock is less than $5.25, the Company shall issue to the Holder: (i) the principal amount of the Debenture; (ii) any accrued coupon interest; (iii) additional interest of 7% per annum for the period from the date of issuance of the Debenture to the Redemption Date; and (iv) warrants to purchase 619,048 shares of Common Stock which shall expire in three years from the date of issuance at an exercise price of $6.05 per share of Common Stock (the Redemption Warrants, and collectively with (i) (iii), the Redemption Payment). The Company shall use its best efforts to register the shares underlying the Redemption Warrants under a shelf registration statement, provided same is available to the Company, in accordance with the provisions of the Securities Act. | ||
CY2014Q4 | nnvc |
Acuisition And Renovation Expenses Of Manufacturing And Lab Facility
AcuisitionAndRenovationExpensesOfManufacturingAndLabFacility
|
4222549 | USD |
CY2014Q4 | nnvc |
Closing Costs Of Facility
ClosingCostsOfFacility
|
81230 | USD |
CY2014Q3 | nnvc |
Warrants Issued To Purchase Of Common Stock
WarrantsIssuedToPurchaseOfCommonStock
|
1926656 | shares |
CY2014Q3 | nnvc |
Aggregate Purchase Price Of Warrants
AggregatePurchasePriceOfWarrants
|
6743297 | USD |
us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
the converted value to common at a ratio of 1:3.5. |