2022 Q4 Form 10-K Financial Statement

#000141057822002878 Filed on October 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q2 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $660.0K $621.2K $2.329M
YoY Change 0.11% 26.74% -11.44%
% of Gross Profit
Research & Development $1.171M $1.172M $5.785M
YoY Change -7.18% -26.04% -5.39%
% of Gross Profit
Depreciation & Amortization $184.9K $188.0K $715.1K
YoY Change 5.44% 6.69% 1.49%
% of Gross Profit
Operating Expenses $1.834M $1.793M $8.114M
YoY Change -4.51% -13.57% -7.21%
Operating Profit -$1.834M -$8.114M
YoY Change -4.51% -7.21%
Interest Expense $94.00 $12.79K $5.123K
YoY Change -96.43% 820.14% -106.74%
% of Operating Profit
Other Income/Expense, Net $88.86K $6.736K
YoY Change -16024.73% -108.63%
Pretax Income -$1.745M -$1.780M -$8.107M
YoY Change -9.16% -14.13% -8.11%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.745M -$1.780M -$8.100M
YoY Change -9.16% -14.13% -8.19%
Net Earnings / Revenue
Basic Earnings Per Share -$0.15 -$0.70
Diluted Earnings Per Share -$0.15 -$154.0K -$0.70
COMMON SHARES
Basic Shares Outstanding 11.59M 11.55M 11.53M
Diluted Shares Outstanding 11.61M 11.53M

Balance Sheet

Concept 2022 Q4 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.45M $14.07M $14.07M
YoY Change -33.96% -31.44% -31.44%
Cash & Equivalents $11.45M $14.10M $14.07M
Short-Term Investments
Other Short-Term Assets $104.6K $350.0K $350.0K
YoY Change -41.69% 13.98% 13.98%
Inventory
Prepaid Expenses $104.5K $350.0K
Receivables
Other Receivables
Total Short-Term Assets $11.55M $14.42M $14.42M
YoY Change -34.04% -30.77% -30.77%
LONG-TERM ASSETS
Property, Plant & Equipment $8.418M $8.694M $8.694M
YoY Change -5.89% -4.3% -4.3%
Goodwill
YoY Change
Intangibles $337.7K $341.8K
YoY Change -2.39% -2.36%
Long-Term Investments
YoY Change
Other Assets $26.51K $42.44K $42.44K
YoY Change 653.13% 1105.68% 1105.68%
Total Long-Term Assets $8.782M $9.078M $9.078M
YoY Change -5.51% -3.81% -3.81%
TOTAL ASSETS
Total Short-Term Assets $11.55M $14.42M $14.42M
Total Long-Term Assets $8.782M $9.078M $9.078M
Total Assets $20.33M $23.49M $23.49M
YoY Change -24.15% -22.36% -22.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $412.7K $272.4K $272.4K
YoY Change 28.92% 17.62% 17.62%
Accrued Expenses $51.88K $45.69K $45.69K
YoY Change 114.75% 88.15% 88.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $94.79K $94.79K
YoY Change -0.55% -0.55%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $464.6K $412.8K $412.8K
YoY Change 34.94% 17.57% 17.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $464.6K $412.8K $412.8K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $464.6K $412.8K $412.8K
YoY Change 34.94% 17.57% 17.57%
SHAREHOLDERS EQUITY
Retained Earnings -$125.8M -$122.5M
YoY Change 5.72% 7.09%
Common Stock $11.63K $11.59K
YoY Change 0.87% 0.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.87M $23.08M $23.08M
YoY Change
Total Liabilities & Shareholders Equity $20.33M $23.49M $23.49M
YoY Change -24.15% -22.36% -22.36%

Cashflow Statement

Concept 2022 Q4 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$1.745M -$1.780M -$8.100M
YoY Change -9.16% -14.13% -8.19%
Depreciation, Depletion And Amortization $184.9K $188.0K $715.1K
YoY Change 5.44% 6.69% 1.49%
Cash From Operating Activities -$1.401M -$1.398M -$5.900M
YoY Change -33.76% -37.26% -28.17%
INVESTING ACTIVITIES
Capital Expenditures $45.34K -$75.36K $324.3K
YoY Change -124.46% -10.96% -235.85%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$45.34K -$75.36K -$324.4K
YoY Change -75.54% -10.96% 35.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.84K -32.71K -234.7K
YoY Change -61.15% -53.6% -101.54%
NET CHANGE
Cash From Operating Activities -1.401M -1.398M -5.900M
Cash From Investing Activities -45.34K -75.36K -324.4K
Cash From Financing Activities -23.84K -32.71K -234.7K
Net Change In Cash -1.470M -1.506M -6.135M
YoY Change -37.75% -36.81% -190.11%
FREE CASH FLOW
Cash From Operating Activities -$1.401M -$1.398M -$5.900M
Capital Expenditures $45.34K -$75.36K $324.3K
Free Cash Flow -$1.446M -$1.322M -$6.224M
YoY Change -25.04% -38.3% -21.95%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:1.19;margin:0pt 0pt 12pt 0pt;">Note 1 – Organization and Nature of Business</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">NanoViricides, Inc. (the “Company”) is a nano-biopharmaceutical research and development company specializing in the discovery, development, and commercialization of drugs to combat viral infections using its unique and novel nanomedicines technology. NanoViricides is also unique in the bio-pharma field in that it possesses its own state of the art facilities for the design, synthesis, analysis and characterization of the nanomedicines that we develop, as well as for production scale-up, and c-GMP-like production in quantities needed for human clinical trials, where our design, development, and production work is performed. The biological studies such as the effectiveness, safety, bio-distribution and Pharmacokinetics/Pharmacodynamics on our drug candidates are performed by external collaborators and contract organizations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The Company has several drugs in various stages of early development. COVID-19 has become our lead drug program due to the necessity of responding to the pandemic. The Company has a clinical lead candidate NV-CoV-2 for the treatment of SARS-CoV-2 infection (COVID-19 disease) that has shown excellent effectiveness and safety in pre-clinical studies. IND-enabling studies of NV-CoV-2 have been completed. The Company is working on IND writing and engaging a Clinical Trials Clinical Research Organization in pursuit of Phase I/II human clinical trials of this drug. The Company is also working on performing clinical trials of this drug outside the USA. The Company began development of a drug to treat COVID-19 patients just as the cases of the novel disease were being reported from China. The Company cannot provide a timeline at this point because of external dependencies in the filing of regulatory applications, their approval(s) and beginning of clinical trials. As of June 30, 2022, there is only one antiviral drug (remdesivir) approved, and two non-antibody antiviral drugs (Paxlovid, Pfizer and Molnupiravir, Merck) given Emergency Use Authorization (EUA) by the FDA. Several of previously approved antibody therapies have lost efficacy and their EUAs have been revoked, as the virus mutated and new variants came in the field, as previously predicted by the Company. The antibodies that remain under EUA are expected to lose effectiveness as the virus continues to mutate and new escape variants take over. All of these drug approvals are restricted to specific population subsets, and there is no drug that is generally approved for treatment of COVID-19, particularly for patients with no co-morbidities and not at risk of hospitalization (https://www.fda.gov/drugs/emergency-preparedness-drugs/coronavirus-covid-19-drugs). In addition, there are at least three vaccines licensed in the USA and several more are in use internationally.  Internationally, virus variants have continued to emerge with resistance to drugs and vaccines. Scientists believe it is only a matter of time before escape variants against existing antibodies and vaccines, including the newly introduced Omicron/Original Strain bi-valent vaccines, and therapeutics become commonplace. Thus there is an unmet need that the Company’s broad-spectrum, pan-coronavirus drug NV-CoV-2 is expected to fulfill for therapeutics that the virus would not escape by mutations. Additionally, specific populations such as immune-compromised persons, HIV-positive persons, and others would require therapeutics even if they are fully vaccinated, as the weak immune system in these populations limits the ability of vaccines to protect from COVID-19 infection and disease. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">In response to the recent Monkeypox virus (MPXV) epidemic, the Company has begun a limited drug development program to treat MPXV patients.  At present, while it appears that this epidemic is quieting down, experts expect that this virus will become endemic in the Western world, as it is in the African subcontinent (https://www.cdc.gov/poxvirus/monkeypox/cases-data/technical-report/report-3.html#dynamics).  A vaccine against smallpox appears to have substantial effectiveness in protecting vaccinated persons from MPXV infection. The only currently available drug, tecovirimat, approved for smallpox, has a low escape barrier for virus mutations, and has other limitations on its use. Thus there remains an urgent need for broad-spectrum drugs that can treat MPXV, smallpox, and other poxviruses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Additionally, in response to the ongoing pediatric “acute flaccid myelitis” (AFM, a disease that can lead to paralysis) cases that appear to be on an uptick, the Company has initiated a limited broad-spectrum drug development program for the treatment of Enterovirus D68 (EV68), the cause of AFM, and potentially other enteroviruses including the poliovirus. Cases of polio have begun to emerge in the United States. Apparently due to loss of “herd immunity” as the poliovirus immunizations in childhood have dropped, the cases are caused by what is believed to a be a revertant of the attenuated strain of poliovirus that is used for vaccination in certain underdeveloped countries.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The Company intends to run both MPXV and EVD68 programs by initially evaluating the Company’s existing drug candidate library for effectiveness. If effective existing drug candidates are found, the Company intends to undertake additional work as well as seek additional financing, preferably via non-dilutive funding sources.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The Company plans on re-engaging our other lead antiviral program against herpes viruses, i.e. the HerpeCide<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">™</sup> program, as soon as it becomes feasible to conduct the corresponding antiviral human clinical studies. In the HerpeCide program alone, the Company has drug candidates against at least five indications at different stages of development. Of these, the Company is advancing the shingles drug candidate towards human clinical trials. The IND-enabling Safety/Toxicology studies required for doing so have been completed and the Company was in the process of preparing an IND application for this drug candidate when the SRAS-CoV-2 virus struck, whereupon we pivoted our efforts to respond to the threat of what has now become the COVID-19 pandemic. In addition, the Company’s drug candidates against HSV-1 “cold sores” and HSV-2 “genital herpes” are in advanced studies and are expected to follow the shingles drug candidate into human clinical trials. Shingles in adults and chicken pox in children is caused by the same virus, namely VZV (Varicella-zoster virus, aka HHV-3 or human herpesvirus-3). There are estimated to be approximately 120,000-150,000 annual chickenpox cases in the USA in the post-vaccination-era, i.e. since childhood vaccination with the live attenuated varicella virus Oka strain has become standard. In addition, the Company has drugs in development against all influenzas in our FluCide<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">™</sup> program, as well as drug candidates against HIV/AIDS, Dengue, Ebola/Marburg, and other viruses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt;">The Company’s drugs are based on several patents, patent applications, provisional patent applications, and other proprietary intellectual property held by TheraCour Pharma, Inc. (“TheraCour”), to which the Company has broad, exclusive licenses. The first license agreement the Company executed with TheraCour on September 1, 2005 (“Exclusive License Agreement”), gave the Company 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. On February 15, 2010, the Company executed an Additional Agreement (“Additional License Agreement”) with TheraCour. Pursuant to the Additional License Agreement, the Company was granted exclusive licenses 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. In addition, on November 1, 2019, the Company entered into a world-wide, exclusive, sub-licensable, license (“VZV License Agreement”) to use, promote, offer for sale, import, export, sell and distribute drugs that treat VZV infections, using TheraCour’s proprietary as well as patented technology and intellectual property. The discovery of ligands and polymer materials as well as formulations, the chemistry and chemical characterization, as well as process development and related work will be performed by TheraCour under the same compensation terms as prior agreements between the parties, with no duplication of costs allowed. Upon commercialization, NanoViricides will pay 15% of net sales to TheraCour, as defined in the agreement. The Company was not required to make any upfront payments to TheraCour and agreed to the following milestone payments to TheraCour; the issuance of 75,000 shares of the Company’s Series A preferred stock upon the grant of an IND Application; $1,500,000 in cash upon completion of Phase I Clinical Trials; $2,500,000 in cash upon completion of Phase II clinical trials; and $5,000,000 in cash upon completion of Phase III clinical trials.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt;">On September 9, 2021, the Company entered into a world-wide, exclusive, sub-licensable, license (“Covid-19 License Agreement”) to use, promote, offer for sale, import, export, sell and distribute drugs that treat COVID-19 infections, using TheraCour’s proprietary as well as patented technology and intellectual property. The discovery of ligands and polymer materials as well as formulations, the chemistry and chemical characterization, as well as process development and related work will be performed by TheraCour under the same compensation terms as prior agreements between the parties, with no duplication of costs allowed. Upon commercialization, NanoViricides will pay 15% of net sales to TheraCour, as defined in the agreement. The Company was not required to make any upfront cash payments to TheraCour and agreed to the following milestone payments to TheraCour: (i) the issuance of 100,000 shares of the Company’s Series A preferred stock within 30 days upon execution of this agreement; (ii) the issuance of 50,000 shares of the Company’s Series A preferred stock upon the approval of the Company’s IND Application or its equivalent by a competent regulatory authority; (iii) $1,500,000 upon initiation of Phase I clinical trials, or its equivalent, for at least one licensed product within-the field on, or before, three (3) months from the date of the authority’s acceptance of the IND, or its equivalent; (iv) $2,000,000 in cash upon completion of Phase 1 clinical trials; (v) $2,500,000 in cash upon completion of Phase IIA clinical trials, or, its equivalent; (vi) the issuance of 100,000 shares of the Company’s Series A preferred stock upon the initiation of Phase 3 clinical trials, or, its equivalent, for at least one licensed product within the field; and (vii) $5,000,000 in cash, or 500,000 shares of the Company’s Series A preferred stock upon completion of Phase III clinical trials, or its equivalent. Upon commercialization, NanoViricides will pay 15% of net sales to TheraCour, as defined in the agreement. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt;">At present the Company does not hold a license for monkeypox therapeutics. As with the Company’s standard policy, if the exploratory work commissioned by the Company leads to potentially effective candidates, and if the Company chooses to further engage in commercial development of the same, then the Company will perform the activities required to obtain such a license. TheraCour has not denied any licenses to NanoViricides to date. </p>
CY2019Q4 nnvc Stock Issued During Period Value New Issues Cash Upon Completion Of Phase1 Clinical Trials
StockIssuedDuringPeriodValueNewIssuesCashUponCompletionOfPhase1ClinicalTrials
1500000
CY2019Q4 nnvc Stock Issued During Period Value New Issues Cash Upon Completion Of Phase2 Clinical Trials
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2500000
CY2019Q4 nnvc Stock Issued During Period Value New Issues Cash Upon Completion Of Phase3 Clinical Trials
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5000000
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-122500000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-8100000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5900000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14100000
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9146
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14416
CY2022Q2 us-gaap Land
Land
260000
CY2021Q2 us-gaap Land
Land
260000
CY2022Q2 nnvc Office Equipment Gross
OfficeEquipmentGross
57781
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><i style="text-decoration-line:underline;text-decoration-style:solid;">Use of Estimates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. The amounts of assets and liabilities reported in the Company’s balance sheet and the amounts of expenses reported for each of the periods presented are affected by estimates and assumptions, which are used for but not limited to, accounting for share-based compensation and accounting for income taxes. Actual results could differ from those estimates.</p>
CY2021Q2 nnvc Office Equipment Gross
OfficeEquipmentGross
57781
CY2022Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
5607
CY2021Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
5607
CY2022Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
6185210
CY2021Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
5989807
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14658014
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14333666
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5963820
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5248765
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
1258
CY2021 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><i style="text-decoration-line:underline;text-decoration-style:solid;">Concentrations of Risk</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject us to a significant concentration of credit risk consist primarily of cash and cash equivalents. The Company maintains deposits in FDIC or SIPC insured institutions in excess of federally insured limits under the FDIC. The Company does not believe it is exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held.</p>
CY2022Q2 nnvc Debt Instrument Interest Payable Escrowed
DebtInstrumentInterestPayableEscrowed
132000
CY2022 nnvc Interest Expense Which Reduced Interest Escrow Deposit Retained By Lender Amount
InterestExpenseWhichReducedInterestEscrowDepositRetainedByLenderAmount
0
CY2021 nnvc Interest Expense Which Reduced Interest Escrow Deposit Retained By Lender Amount
InterestExpenseWhichReducedInterestEscrowDepositRetainedByLenderAmount
62773
CY2022 nnvc Interest Expense Which Reduced Interest Escrow Deposit Included In Prepaid Expenses
InterestExpenseWhichReducedInterestEscrowDepositIncludedInPrepaidExpenses
0
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LeaseholdImprovementsGross
8149416
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LeaseholdImprovementsGross
8020471
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8694194
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PropertyPlantAndEquipmentNet
9084901
CY2022 us-gaap Depreciation
Depreciation
715055
CY2021 us-gaap Depreciation
Depreciation
696268
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
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458954
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FiniteLivedIntangibleAssetsGross
458954
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
117106
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
108836
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
341848
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
350118
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8271
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8271
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8271
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8271
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8271
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
300493
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
341848
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38676
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24285
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
7016
CY2021Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
0
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
45692
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
24285
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
234198
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
235476
CY2022Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
23932
CY2021Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
24062
CY2022Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0474
CY2021Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0474
CY2022Q2 us-gaap Loans Payable
LoansPayable
94788
CY2021Q2 us-gaap Loans Payable
LoansPayable
95306
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
5123
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2020Q3 nnvc Gross Proceeds Offering
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CY2020Q3 nnvc Offering Costs
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CY2020Q3 us-gaap Proceeds From Issuance Of Common Stock
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CY2021Q1 nnvc Gross Proceeds Offering
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CY2021Q1 nnvc Offering Costs
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CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2021 nnvc Percentage Of Us Federal Income Tax Rate
PercentageOfUsFederalIncomeTaxRate
0.21
CY2020 nnvc Percentage Of Us Federal Income Tax Rate
PercentageOfUsFederalIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.0890
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.0062
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.0593
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0593
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0273
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.1530
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.2631
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27127620
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
26676579
CY2022Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
7774567
CY2021Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
7053228
CY2022Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1604592
CY2021Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1536892
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
36506779
CY2021Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
35266699
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
36506779
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
35266699
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2021Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
36506779
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
35266699
CY2021 nnvc Operating Loss That Can Be Carried Forward Indefinitely
OperatingLossThatCanBeCarriedForwardIndefinitely
16100000
CY2022 nnvc Operating Loss That Can Be Carried Forward Indefinitely
OperatingLossThatCanBeCarriedForwardIndefinitely
16100000
CY2018Q1 nnvc Net Operating Losses Incurred In Income Tax Payable Net
NetOperatingLossesIncurredInIncomeTaxPayableNet
0.80
CY2022 nnvc Employment Agreement Term
EmploymentAgreementTerm
P3Y

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