2024 Q3 Form 10-K Financial Statement
#000141057824001650 Filed on September 27, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2024 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.209M | ||
YoY Change | 59.11% | ||
% of Gross Profit | |||
Research & Development | $1.933M | $1.182M | $5.437M |
YoY Change | 31.8% | -59.38% | -14.94% |
% of Gross Profit | |||
Depreciation & Amortization | $193.5K | $190.6K | $750.7K |
YoY Change | 3.47% | 0.32% | 1.55% |
% of Gross Profit | |||
Operating Expenses | $3.168M | $2.391M | $8.516M |
YoY Change | 55.93% | -35.02% | -4.78% |
Operating Profit | -$3.168M | -$8.516M | |
YoY Change | 55.93% | -4.78% | |
Interest Expense | $35.37K | ||
YoY Change | -67.85% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $41.02K | $222.0K | |
YoY Change | -34.72% | -37.46% | |
Pretax Income | -$2.356M | ||
YoY Change | -34.01% | ||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$3.100M | -$2.356M | -$8.300M |
YoY Change | 55.0% | -34.01% | -3.49% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.23 | -$0.70 | |
Diluted Earnings Per Share | -$0.23 | -$0.19 | -$0.70 |
COMMON SHARES | |||
Basic Shares Outstanding | 14.68M | 11.81M | 11.87M |
Diluted Shares Outstanding | 13.72M | 11.87M |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.798M | $4.798M | |
YoY Change | -41.13% | -41.13% | |
Cash & Equivalents | $3.900M | $4.800M | $4.798M |
Short-Term Investments | |||
Other Short-Term Assets | $172.7K | $172.7K | |
YoY Change | -42.42% | -42.42% | |
Inventory | |||
Prepaid Expenses | $175.1K | $172.7K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $4.041M | $4.971M | $4.971M |
YoY Change | -43.42% | -41.14% | -41.18% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $7.366M | $7.512M | $7.512M |
YoY Change | -7.09% | -7.33% | -7.37% |
Goodwill | |||
YoY Change | |||
Intangibles | $323.2K | $325.3K | |
YoY Change | -2.49% | -2.48% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $14.56K | $14.56K | |
YoY Change | 45.6% | 45.6% | |
Total Long-Term Assets | $7.699M | $7.852M | $7.852M |
YoY Change | -6.95% | -7.12% | -7.07% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.041M | $4.971M | $4.971M |
Total Long-Term Assets | $7.699M | $7.852M | $7.852M |
Total Assets | $11.74M | $12.82M | $12.82M |
YoY Change | -23.85% | -24.12% | -24.13% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.096M | $1.096M | |
YoY Change | 181.11% | 181.11% | |
Accrued Expenses | $283.3K | $262.5K | $262.5K |
YoY Change | -16.59% | 82.57% | 87.48% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.633M | $1.359M | $1.359M |
YoY Change | 72.17% | 154.33% | 156.37% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.633M | $1.359M | $1.359M |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $1.633M | $1.359M | $1.359M |
YoY Change | -33.3% | -33.19% | -33.07% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$142.5M | -$139.4M | |
YoY Change | 7.1% | 6.41% | |
Common Stock | $140.00 | $131.00 | |
YoY Change | 19.66% | 12.93% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.11M | $11.46M | $11.46M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $11.74M | $12.82M | $12.82M |
YoY Change | -23.85% | -24.12% | -24.13% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.100M | -$2.356M | -$8.300M |
YoY Change | 55.0% | -34.01% | -3.49% |
Depreciation, Depletion And Amortization | $193.5K | $190.6K | $750.7K |
YoY Change | 3.47% | 0.32% | 1.55% |
Cash From Operating Activities | -$2.600M | -$1.481M | -$6.300M |
YoY Change | 116.67% | -1.24% | 10.53% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $46.76K | $98.16K | $156.6K |
YoY Change | 464.03% | 3.2% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$46.76K | -$98.16K | -$156.6K |
YoY Change | 367.64% | 3.2% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.710M | 3.120M | 3.120M |
YoY Change | -3391.59% | ||
NET CHANGE | |||
Cash From Operating Activities | -2.600M | -1.481M | -6.300M |
Cash From Investing Activities | -46.76K | -98.16K | -156.6K |
Cash From Financing Activities | 1.710M | 3.120M | 3.120M |
Net Change In Cash | -936.6K | 1.541M | -3.337M |
YoY Change | -21.95% | -202.7% | -43.89% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.600M | -$1.481M | -$6.300M |
Capital Expenditures | $46.76K | $98.16K | $156.6K |
Free Cash Flow | -$2.647M | -$1.579M | -$6.457M |
YoY Change | 119.05% | 5.3% | 10.34% |
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|
-28079 | |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
219213 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
99096 | |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
486605 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
19037 | |
CY2024 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
168516 | |
CY2023 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
98068 | |
CY2023 | nnvc |
Increase Decrease In Other Non Current Liability Related Party
IncreaseDecreaseInOtherNonCurrentLiabilityRelatedParty
|
1500000 | |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6315507 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5670051 | |
CY2024 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
156560 | |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
151712 | |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-156560 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-151712 | |
CY2023 | nnvc |
Payment Of Loans Payable
PaymentOfLoansPayable
|
94788 | |
CY2024 | nnvc |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
3120037 | |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3120037 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-94788 | |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-3352030 | |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-5916551 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8149808 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14066359 | |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4797778 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8149808 | |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
938 | |
CY2024 | nnvc |
Related Party Shares Issued To Note Payable
RelatedPartySharesIssuedToNotePayable
|
1500000 | |
CY2024 | nnvc |
Forgiveness Of Interest On Related Party Debt
ForgivenessOfInterestOnRelatedPartyDebt
|
49808 | |
CY2024 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;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;text-align:justify;margin:0pt 0pt 12pt 0pt;">NanoViricides, Inc. (the “Company”) is a clinical stage nano-biopharmaceutical company specializing in the discovery, development, and commercialization of drugs to combat viral infections using its unique and novel nanomedicines technology. NanoViricides possesses its own facility that supports research and development and drug discovery, drug candidate optimization, cGMP-compliant drug substance manufacturing, cGMP-compliant manufacturing and packaging of drug products for human clinical trials, and early commercialization. The Company has several drugs in various stages of development.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">NanoViricides, Inc. is domiciled under the laws of the State of Delaware, with its principal operations located in the State of Connecticut. The Company’s fiscal year begins on July 1<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">st</sup> and ends on the next June 30<sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">th</sup> of the calendar year. The Company operates in one reportable business segment. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company devotes substantially all its activity to advancing research and development, including efforts in connection with clinical trials. The Company’s lead drug candidate is the active pharmaceutical ingredient (API) NV-387. NV-387 is a uniquely broad-spectrum antiviral drug that has demonstrated strong activity in lethal lung infection animal model studies of Coronavirus, RSV, Influenza and even an Orthopoxvirus model for Smallpox and MPox. The Company plans on developing NV-387 first as a treatment of RSV infection in pediatric patients.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">At present, NV-387 is undergoing a PhaseIa/Ib human clinical trial for safety and tolerability in healthy subjects for the treatment of COVID-19, sponsored by our licensee and collaborator in India, Karveer Meditech Private Limited (KMPL). The trial involved Phase Ia single-ascending dose and Phase Ib multiple ascending dose studies in healthy subjects. Subjects were sequestered upon enrollment in a dedicated ward of the hospital clinical trial site during treatment. All subjects have been discharged and follow-up visits have been completed as of approximately the end of December 2023. The results of this clinical trial were consistent with the results of a single-injection safety/tolerability study in rats performed in support of the clinical trial application.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The clinical trial application for this clinical trial was submitted during the pandemic and a separate part of the clinical trial for the treatment of COVID patients with NV-387 was also proposed. This second part of the clinical trials was cancelled due to inability to find patients to enroll despite opening a second site. The second site was subsequently closed around April/May 2024. Meanwhile, data upload and crosschecking activities for the healthy subjects Phase Ia/Ib part have now been completed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company is now working on developing the necessary datasets, documentation, and clinical trial pathway and trial designs, for a Phase II clinical trial application for the use of NV-387 for the treatment of RSV infection, as the Phase Ia/Ib study progresses into the data analysis phase.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company further plans on expanding the indications of NV-387 to other respiratory viral infections including Influenzas, Coronaviruses, and others. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Additionally, the Company has previously developed a clinical drug candidate, NV-HHV-1 formulated as skin cream, for the treatment of Shingles. The Company plans on taking NV-HHV-1 into human clinical trials, and further develop the HerpeCide™ program after engaging into clinical trials of NV-387 in Phase II for RSV and possibly for multiple indications, including Influenzas. In the HerpeCide program alone, the Company has drug candidates against at least five indications at different stages of development. The Company’s drug candidates against HSV-1 “cold sores” and HSV-2 “genital herpes” are in advanced pre-clinical studies and are expected to follow the shingles drug candidate into human clinical trials. In addition, the Company has drug candidates against HIV/AIDS, Dengue, Ebola/Marburg, and other viruses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 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”), a related party substantially owned by Dr. Anil Diwan, to which the Company has broad, exclusive licenses. The licenses are to entire fields and not to specific compounds. In all, the Company has exclusive, worldwide licenses 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-1 and HSV-2), Influenza and Asian Bird Flu Virus, Dengue viruses, Ebola/Marburg viruses, Japanese Encephalitis virus, viruses causing viral Conjunctivitis (a disease of the eye) and Ocular Herpes (restated), Varicella Zoster Virus (“VZV”) infections (i.e. Shingles and Chickenpox), and SARS-CoV-2 infections. In all cases, 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, a related party substantially owned by Dr. Anil Diwan, 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. Milestone payments were made or are specified in certain of the license agreements, details of which have been disclosed at the time the agreements were entered into. The Company negotiates and licenses specific verticals of therapeutic applications from TheraCour if promising drug candidates are found in early research and development against a virus target. TheraCour has not denied any such licenses when requested.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company has executed a new Memorandum of Understanding with TheraCour by signing as of September 23, 2024 and becoming effective as of September 20, 2024, subsequent to the reported period, whereby the Company has obtained a right of first refusal for all antiviral drug developments including unlicensed ones, and has codified the process of development of drugs for unlicensed viral indications leading later to appropriate license agreements. The Parties have also agreed in this MoU that any cash milestone payments related to development activities, that are awardable, will become payable only upon the Company having sufficient revenue, thus extending the provisions previously incorporated in the Amendment to the COVID License Agreement, to all present and future license agreements. This removes any potential cash flow stress that may occur due to such milestone payments while the Company continues its developments while not raising profits.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company has out-licensed NV-CoV-2 and NV-CoV-2-R for further clinical drug development and commercialization in the territory of India to KMPL, a company of which Dr. Anil Diwan is a passive investor and advisor. KMPL has sponsored NV-CoV-2 for human clinical trials and has obtained regulatory approvals in India. KMPL has retained a local clinical research organization (CRO) to conduct the clinical trials. NV-CoV-2, Phase Ia/Ib human clinical trials in India, sponsored by KMPL began on June 17, 2023. The clinical trial drug products, NV-CoV-2 Oral Syrup, and NV-CoV-2 Oral Gummies, were manufactured at the Company’s Shelton campus, and then shipped to and received by KMPL. Under the agreement with KMPL, the Company will pay for the expenses of the clinical trials, and in return will benefit from having the data and reports made available for regulatory filings in other territories of the world. Upon commercialization, the Company will receive royalties from KMPL equal to 70% of sales net of costs to unaffiliated third parties.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-size:1pt;margin-bottom:12pt;visibility:hidden;"></span></p> | |
CY2024 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2024 | nnvc |
Percentage Of Royalties On Sales
PercentageOfRoyaltiesOnSales
|
0.70 | |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-139400000 | |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8300000 | |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6300000 | |
CY2024 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
0 | |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4798000 | |
CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
1359000 | |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
262000 | |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4800000 | |
CY2024Q2 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
3000000 | |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><i style="text-decoration-color:#000000;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;text-align:justify;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. Actual results could differ from those estimates.</p> | |
CY2023Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2024Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2024 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><i style="text-decoration-color:#000000;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;text-align:justify;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company 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. Although the Company currently believes that the financial institutions with whom it does business will be able to fulfill their commitments to the Company, there is no assurance that those institutions will be able to continue to do so. The Company has not experienced any credit losses associated with its balances in such accounts for the fiscal years ended June 30, 2024 and 2023.</p> | |
CY2024 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
49808 | |
CY2024Q2 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
8168045 | |
CY2023Q2 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
8168045 | |
CY2024Q2 | us-gaap |
Land
Land
|
260000 | |
CY2023Q2 | us-gaap |
Land
Land
|
260000 | |
CY2024Q2 | nnvc |
Office Equipment Gross
OfficeEquipmentGross
|
63056 | |
CY2023Q2 | nnvc |
Office Equipment Gross
OfficeEquipmentGross
|
60347 | |
CY2024Q2 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
5607 | |
CY2023Q2 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
5607 | |
CY2024Q2 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
6469578 | |
CY2023Q2 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
6315727 | |
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14966286 | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14809726 | |
CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7453823 | |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6703079 | |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7512463 | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8106647 | |
CY2024 | us-gaap |
Depreciation
Depreciation
|
750744 | |
CY2023 | us-gaap |
Depreciation
Depreciation
|
739259 | |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
458954 | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
458954 | |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
133646 | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
125376 | |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
325308 | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
333578 | |
CY2024Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
23532 | |
CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
39060 | |
CY2024Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
11500 | |
CY2023Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
4700 | |
CY2024Q2 | nnvc |
Accrued Clinical Trial Costs Current
AccruedClinicalTrialCostsCurrent
|
227435 | |
CY2023Q2 | nnvc |
Accrued Clinical Trial Costs Current
AccruedClinicalTrialCostsCurrent
|
100000 | |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
262467 | |
CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
143760 | |
CY2024 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
49808 | |
CY2024 | nnvc |
Number Of Common Stock To Be Issued Upon Conversion Of Warrants
NumberOfCommonStockToBeIssuedUponConversionOfWarrants
|
1144 | |
CY2024 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
563 | |
CY2023Q2 | nnvc |
Adjustments To Additional Paid In Capital For Redomiciliation
AdjustmentsToAdditionalPaidInCapitalForRedomiciliation
|
11596 | |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
44000 | |
CY2024 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | |
CY2024 | nnvc |
Percentage Of Us Federal Income Tax Rate
PercentageOfUsFederalIncomeTaxRate
|
0.21 | |
CY2023 | nnvc |
Percentage Of Us Federal Income Tax Rate
PercentageOfUsFederalIncomeTaxRate
|
0.21 | |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
-0.0345 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
-0.0110 | |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.0593 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.0593 | |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0095 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0065 | |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.2443 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.2648 | |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
29351534 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
27960157 | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
8154686 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
7868816 | |
CY2024Q2 | nnvc |
Deferred Tax Assets Tax Credit Carryforwards Research Expenses Capitalized
DeferredTaxAssetsTaxCreditCarryforwardsResearchExpensesCapitalized
|
2243662 | |
CY2023Q2 | nnvc |
Deferred Tax Assets Tax Credit Carryforwards Research Expenses Capitalized
DeferredTaxAssetsTaxCreditCarryforwardsResearchExpensesCapitalized
|
1536679 | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
22087 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
25194 | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
39771969 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
37390846 | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
39771969 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
37390846 | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
39771969 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
37390846 | |
CY2024Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
109000000 | |
CY2024Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
109000000 | |
CY2023 | nnvc |
Operating Loss That Can Be Carried Forward Indefinitely
OperatingLossThatCanBeCarriedForwardIndefinitely
|
8100000 | |
CY2024 | nnvc |
Operating Loss That Can Be Carried Forward Indefinitely
OperatingLossThatCanBeCarriedForwardIndefinitely
|
8100000 | |
CY2018 | nnvc |
Net Operating Losses Incurred In Income Tax Payable Net
NetOperatingLossesIncurredInIncomeTaxPayableNet
|
0.80 |