2020 Q1 Form 10-K Financial Statement
#000162828020004221 Filed on March 27, 2020
Income Statement
Concept | 2020 Q1 | 2019 | 2018 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.280M | $6.080M | $2.150M |
YoY Change | -22.18% | -40.39% | -19.48% |
% of Gross Profit | |||
Research & Development | $1.652M | $8.086M | $3.330M |
YoY Change | -56.44% | -21.66% | -1.19% |
% of Gross Profit | |||
Depreciation & Amortization | $18.00K | $100.0K | $90.00K |
YoY Change | 23.25% | 101.52% | -74.29% |
% of Gross Profit | |||
Operating Expenses | $3.929M | $14.16M | $5.470M |
YoY Change | -18.84% | -12.25% | -9.29% |
Operating Profit | -$3.929M | -$14.16M | |
YoY Change | -18.84% | -12.25% | |
Interest Expense | $15.00K | $1.768M | $7.420M |
YoY Change | -97.84% | -52.86% | -1039.24% |
% of Operating Profit | |||
Other Income/Expense, Net | -$15.00K | -$6.080M | -$40.00K |
YoY Change | -98.98% | 192.43% | -233.33% |
Pretax Income | -$3.940M | -$20.20M | -$820.0K |
YoY Change | -58.17% | 137.56% | -87.94% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$3.944M | -$20.24M | -$820.0K |
YoY Change | -37.52% | 11.23% | -87.94% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$1.46 | ||
Diluted Earnings Per Share | -$74.86K | -$1.46 | -$828.3K |
COMMON SHARES | |||
Basic Shares Outstanding | 52.63M shares | 13.89M shares | |
Diluted Shares Outstanding | 13.89M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 | 2018 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.190M | $7.440M | $15.54M |
YoY Change | -56.78% | -52.12% | 94.71% |
Cash & Equivalents | $3.193M | $7.440M | $1.628M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $8.170M | $8.320M | $172.0K |
YoY Change | 975.0% | 867.44% | 40.98% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $11.36M | $15.77M | $1.942M |
YoY Change | 39.59% | -3.84% | -76.25% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $249.0K | $220.0K | $245.8K |
YoY Change | 84.44% | 57.14% | -90.97% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $551.2K | $820.0K | $116.3K |
YoY Change | -91.42% | -7.87% | -16.91% |
Total Long-Term Assets | $951.3K | $1.040M | $512.6K |
YoY Change | -85.8% | 0.97% | -82.08% |
TOTAL ASSETS | |||
Total Short-Term Assets | $11.36M | $15.77M | $1.942M |
Total Long-Term Assets | $951.3K | $1.040M | $512.6K |
Total Assets | $12.31M | $16.81M | $2.454M |
YoY Change | -17.01% | -3.56% | -77.76% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.548M | $1.900M | $3.278M |
YoY Change | 40.76% | 19.5% | 322.36% |
Accrued Expenses | $1.384M | $2.440M | $1.403M |
YoY Change | 1297.63% | 144.0% | -48.14% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $7.484M |
YoY Change | |||
Long-Term Debt Due | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $3.315M | $4.540M | $14.11M |
YoY Change | 43.07% | 58.19% | 270.82% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.581M | $1.070M | $1.017M |
YoY Change | |||
Other Long-Term Liabilities | $3.940K | $170.0K | $37.46K |
YoY Change | -99.98% | -98.87% | -99.8% |
Total Long-Term Liabilities | $1.702M | $1.240M | $1.054M |
YoY Change | -90.57% | -91.74% | -94.3% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.315M | $4.540M | $14.11M |
Total Long-Term Liabilities | $1.702M | $1.240M | $1.054M |
Total Liabilities | $5.017M | $5.790M | $15.16M |
YoY Change | -75.37% | -67.64% | -32.01% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$55.40M | $31.24M | |
YoY Change | -75.51% | -115.0% | |
Common Stock | $527.5K | $215.9M | |
YoY Change | -99.76% | 9.64% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $47.86K | ||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $7.297M | $11.02M | -$12.71M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $12.31M | $16.81M | $2.454M |
YoY Change | -17.01% | -3.56% | -77.76% |
Cashflow Statement
Concept | 2020 Q1 | 2019 | 2018 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.944M | -$20.24M | -$820.0K |
YoY Change | -37.52% | 11.23% | -87.94% |
Depreciation, Depletion And Amortization | $18.00K | $100.0K | $90.00K |
YoY Change | 23.25% | 101.52% | -74.29% |
Cash From Operating Activities | -$4.686M | -$16.89M | -$6.940M |
YoY Change | 75.69% | 45.25% | 60.65% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $53.00K | $30.00K | -$70.00K |
YoY Change | 400.9% | -61.25% | -53.33% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$2.330M | $0.00 | |
YoY Change | -358.89% | -100.0% | |
Cash From Investing Activities | -$53.00K | -$2.357M | -$70.00K |
YoY Change | 400.9% | 2944.67% | -109.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | -$1.135M | |
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $488.0K | $25.07M | 17.36M |
YoY Change | -64.09% | 248.89% | -11673.33% |
NET CHANGE | |||
Cash From Operating Activities | -$4.686M | -$16.89M | -6.940M |
Cash From Investing Activities | -$53.00K | -$2.357M | -70.00K |
Cash From Financing Activities | $488.0K | $25.07M | 17.36M |
Net Change In Cash | -$4.251M | $5.816M | 10.35M |
YoY Change | 222.22% | -228.59% | -378.23% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.686M | -$16.89M | -$6.940M |
Capital Expenditures | $53.00K | $30.00K | -$70.00K |
Free Cash Flow | -$4.739M | -$16.92M | -$6.870M |
YoY Change | 76.97% | 44.54% | 64.75% |
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ReclassificationOfWarrantsFromLiabilityToEquity
|
11255740 | USD |
CY2019 | ocgn |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
183034 | USD |
CY2019 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
47864 | USD |
CY2019 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-451 | USD |
CY2019 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
884089 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20242630 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11018411 | USD |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
-20242630 | USD |
CY2018 | us-gaap |
Profit Loss
ProfitLoss
|
-18219664 | USD |
CY2019 | us-gaap |
Depreciation
Depreciation
|
60608 | USD |
CY2018 | us-gaap |
Depreciation
Depreciation
|
49623 | USD |
CY2019 | ocgn |
Non Cash Interest Expense
NonCashInterestExpense
|
1733521 | USD |
CY2018 | ocgn |
Non Cash Interest Expense
NonCashInterestExpense
|
3750630 | USD |
CY2019 | ocgn |
Noncash Lease Expense
NoncashLeaseExpense
|
250361 | USD |
CY2018 | ocgn |
Noncash Lease Expense
NoncashLeaseExpense
|
0 | USD |
CY2019 | us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
-3187380 | USD |
CY2019 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
884089 | USD |
CY2018 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1074687 | USD |
CY2019 | ocgn |
Gains Losses On Conversion Of Debt
GainsLossesOnConversionOfDebt
|
-341136 | USD |
CY2018 | ocgn |
Gains Losses On Conversion Of Debt
GainsLossesOnConversionOfDebt
|
0 | USD |
CY2019 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
4803 | USD |
CY2018 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
0 | USD |
CY2019 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1007367 | USD |
CY2018 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
201861 | USD |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1628621 | USD |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3633394 | USD |
CY2019 | ocgn |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
0 | USD |
CY2018 | ocgn |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
1540 | USD |
CY2019 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
227172 | USD |
CY2018 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
54203 | USD |
CY2019 | ocgn |
Increase Decrease In Lease Obligations
IncreaseDecreaseInLeaseObligations
|
-249389 | USD |
CY2018 | ocgn |
Increase Decrease In Lease Obligations
IncreaseDecreaseInLeaseObligations
|
0 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-16893281 | USD |
CY2019 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
29446 | USD |
CY2018 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
77414 | USD |
CY2019 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
2327273 | USD |
CY2018 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
0 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2356719 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-77414 | USD |
CY2019 | ocgn |
Proceeds From Pre Merger Financing Financing Activities
ProceedsFromPreMergerFinancingFinancingActivities
|
22546353 | USD |
CY2018 | ocgn |
Proceeds From Pre Merger Financing Financing Activities
ProceedsFromPreMergerFinancingFinancingActivities
|
0 | USD |
CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000000 | USD |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2019 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
47864 | USD |
CY2018 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2019 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
183034 | USD |
CY2018 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | USD |
CY2019 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
5290000 | USD |
CY2018 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
0 | USD |
CY2018 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
63817 | USD |
CY2019 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
99202 | USD |
CY2019 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
6800000 | USD |
CY2018 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
7300400 | USD |
CY2018 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
103925 | USD |
CY2019 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
25866 | USD |
CY2018 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
11928 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25066455 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7184547 | USD |
CY2019 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD |
CY2018 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
451 | USD |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5816455 | USD |
CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-4522959 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1778613 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6301572 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7595068 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1778613 | USD |
CY2019 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | USD |
CY2017Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
0 | USD |
CY2019 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
13979788 | USD |
CY2018 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
0 | USD |
CY2019 | ocgn |
Noncash Or Part Noncash Amount Of Deferred Transaction Cost
NoncashOrPartNoncashAmountOfDeferredTransactionCost
|
1150000 | USD |
CY2018 | ocgn |
Noncash Or Part Noncash Amount Of Deferred Transaction Cost
NoncashOrPartNoncashAmountOfDeferredTransactionCost
|
0 | USD |
CY2019 | ocgn |
Noncash Or Part Noncash Operating Lease Right Of Use Asset
NoncashOrPartNoncashOperatingLeaseRightOfUseAsset
|
470356 | USD |
CY2018 | ocgn |
Noncash Or Part Noncash Operating Lease Right Of Use Asset
NoncashOrPartNoncashOperatingLeaseRightOfUseAsset
|
0 | USD |
CY2019 | ocgn |
Deferred Equity Issuance Cost Incurred During Noncash Or Partial Noncash Transaction
DeferredEquityIssuanceCostIncurredDuringNoncashOrPartialNoncashTransaction
|
2252795 | USD |
CY2018 | ocgn |
Deferred Equity Issuance Cost Incurred During Noncash Or Partial Noncash Transaction
DeferredEquityIssuanceCostIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | USD |
CY2019 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of Business<div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Ocugen, Inc. (formerly known as Histogenics Corporation), together with its wholly owned subsidiaries (“Ocugen” or the “Company”), is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing transformative therapies to treat the whole eye. The Company is located in Malvern, Pennsylvania.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Ocugen has a late-stage, Phase 3 program, OCU300, which has received Orphan Drug Designation ("ODD") from the U.S. Food and Drug Administration ("FDA"). OCU300 is a small molecule therapeutic currently in Phase 3 clinical development for patients with ocular redness and discomfort stemming from ocular graft-versus-host disease (“oGVHD”). Ocugen is the first and only company to receive ODD for the treatment of symptoms associated with oGVHD and is the only company conducting Phase 3 studies in this patient population. OCU300 is formulated using the Company’s proprietary nanoemulsion technology, OcuNanoE—Ocugen’s ONE Platform™ (“OcuNanoE™”).</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Ocugen is developing a modifier gene therapy platform for unmet medical needs in the area of retinal diseases, including inherited retinal diseases (“IRDs”). Ocugen’s modifier gene therapy platform is novel in that it targets nuclear hormone receptors (“NHRs”), which have the potential to restore homeostasis to the retina and may target multiple genes that are associated with a range of IRDs. Unlike single-gene replacement therapies, which only target one genetic mutation, the Company believes that its gene therapy platform, through its targeting of NHRs, may impact multiple genes that are associated with a range of genetically diverse diseases. Ocugen’s first gene therapy candidate, OCU400, has received ODD from the FDA, for the treatment of nuclear receptor subfamily 2 group E member 3 ("</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">NR2E3</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">")</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;"> </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">mutation-associated retinal diseases and centrosomal protein 290 ("</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">CEP290</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">") mutation-associated retinal diseases. Ocugen’s second gene therapy product candidate, OCU410, is targeted for dry age-related macular degeneration (“AMD”) and is currently in preclinical development. Currently, there are no FDA-approved therapies to treat this disease.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Ocugen is also developing OCU200, a novel fusion protein for the treatment of wet AMD, diabetic retinopathy (“DR”) and diabetic macular edema (“DME”), which is in preclinical development. Ocugen expects to initiate a Phase 1/2 clinical trial for OCU200 within the next two years. Ocugen plans to expand the therapeutic applications of OCU200 beyond DME, DR and wet AMD to potentially include macular edema following retinal vein occlusion (“RVO”) and myopic choroidal neovascularization (“mCNV”).</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Merger with Histogenics</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On September 27, 2019, the Company completed its reverse merger with Ocugen, OpCo Inc. (formerly known as Ocugen, Inc. (“Former Ocugen”)) in accordance with the terms of the Agreement and Plan of Merger and Reorganization, dated as of April 5, 2019, by and among Histogenics, Former Ocugen and Restore Merger Sub, Inc., a wholly owned subsidiary of Histogenics (“Merger Sub”), as amended (the “Merger Agreement”), pursuant to which Merger Sub merged with and into Former Ocugen, with Former Ocugen surviving as a wholly owned subsidiary of Histogenics (the “Merger”). Immediately after completion of the Merger, Histogenics changed its name to Ocugen, Inc. and the business conducted by Ocugen, Inc. became the business conducted by Former Ocugen. Former Ocugen is deemed to be the accounting acquirer. Accordingly, the historical financial statements of Former Ocugen became the Company’s historical financial statements, including the comparative prior periods. See Note 3 for additional information.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Reverse Stock Split</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In connection with, and immediately prior to the completion of the Merger, Histogenics effected a reverse stock split of the common stock, at a ratio of 1-for-60 (the ‘‘Reverse Stock Split’’). Under the terms of the Merger Agreement, the Company issued common stock to Former Ocugen’s stockholders at an exchange rate of 0.4794 shares of common stock, after taking into account the Reverse Stock Split, for each share of Former Ocugen’s common stock outstanding immediately prior to the Merger.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The capital structure, including the number of shares of common stock issued appearing in the consolidated balance sheets for the periods presented, reflects that of Ocugen. All references in the consolidated financial statements to the number of shares and per-share amounts of common stock have been retroactively restated to reflect the exchange rate.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Going Concern</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company has incurred recurring losses and negative cash flows from operations since inception and has funded its operating losses through the sale of common stock, warrants to purchase common stock, the issuance of convertible notes, and debt. The Company incurred net losses of approximately $20.2 million and $18.2 million for the year ended December 31, 2019 and 2018, respectively, and had an accumulated deficit of $51.5 million as of December 31, 2019. As of December 31, 2019, the Company had cash, cash equivalents and restricted cash totaling $7.6 million.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company has a limited operating history and its prospects are subject to risks, expenses and uncertainties frequently encountered by companies in its industry. The Company intends to continue its research and development efforts for its product candidates, which will require significant funding. If the Company is unable to obtain additional financing in the future or research and development efforts require higher than anticipated capital, there may be a negative impact on the financial viability of the Company. The Company plans to increase working capital by raising additional capital through public and private placements of equity and/or debt, payments from potential strategic research and development arrangements, sale of assets, and licensing and/or collaboration arrangements with pharmaceutical companies or other institutions. Such financing may not be available at all, or on terms that are favorable to the Company. While management of the Company believes that it has a plan to fund ongoing operations, its plan may not be successfully implemented. Failure to generate sufficient cash flows from operations, raise additional capital through one or more financings, or appropriately manage certain discretionary spending could have a material adverse effect on the Company’s ability to achieve its intended business objectives.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">As a result of these factors, together with the anticipated increase in spending that will be necessary to continue to develop the Company’s products, there is substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these audited consolidated financial statements are issued. The audited consolidated financial statements do not contain any adjustments that might result from the resolution of any of the above uncertainties.</span></div> | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20200000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18200000 | USD |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
51500000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7600000 | USD |
CY2019 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of expenses during the reporting period. Due to inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in these estimates. On an ongoing basis, the Company evaluates its estimates and assumptions. These estimates and assumptions include those used in the estimation of clinical trial accruals and the valuation of share-based payment arrangements, warrants, and embedded conversion features on the convertible notes.</span></div> | |
CY2019Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
7000000.0 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7444052 | USD |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1628136 | USD |
CY2019Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
151016 | USD |
CY2018Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
150477 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7595068 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1778613 | USD |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P10Y | |
CY2019 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2019Q4 | ocgn |
Converted Additional Shares Threshold Release Trigger
ConvertedAdditionalSharesThresholdReleaseTrigger
|
0.80 | |
CY2019Q4 | ocgn |
Asset Purchase Agreement Cash Consideration
AssetPurchaseAgreementCashConsideration
|
8500000 | USD |
CY2018 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
-1664689 | USD |
CY2019 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-20242630 | USD |
CY2019 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-20242630 | USD |
CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-18219664 | USD |
CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-18219664 | USD |
CY2019 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
13893819 | shares |
CY2018 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
4960552 | shares |
CY2019 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.46 | |
CY2018 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-3.67 | |
CY2019 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10375137 | shares |
CY2018 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1502772 | shares |
CY2019Q4 | ocgn |
Research And Development Expenses Current
ResearchAndDevelopmentExpensesCurrent
|
271322 | USD |
CY2018Q4 | ocgn |
Research And Development Expenses Current
ResearchAndDevelopmentExpensesCurrent
|
705436 | USD |
CY2019Q4 | ocgn |
Accounts Payable Clinical
AccountsPayableClinical
|
421788 | USD |
CY2018Q4 | ocgn |
Accounts Payable Clinical
AccountsPayableClinical
|
469473 | USD |
CY2019Q4 | ocgn |
Accounts Payable Consulting
AccountsPayableConsulting
|
98245 | USD |
CY2018Q4 | ocgn |
Accounts Payable Consulting
AccountsPayableConsulting
|
86619 | USD |
CY2019Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
624420 | USD |
CY2019Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
819323 | USD |
CY2018 | ocgn |
Embedded Derivative Fair Value Of Embedded Derivative Liability At Issuance
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityAtIssuance
|
3405911 | USD |
CY2018Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
123372 | USD |
CY2018Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
15400 | USD |
CY2019Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
34947 | USD |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2450 | USD |
CY2019Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2270045 | USD |
CY2018Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1402750 | USD |
CY2019 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P18M | |
CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
344574 | USD |
CY2018Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
1741222 | USD |
CY2019 | ocgn |
Embedded Derivative Fair Value Of Embedded Derivative Liability At Issuance
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityAtIssuance
|
567661 | USD |
CY2019 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
1319400 | USD |
CY2019 | ocgn |
Embedded Derivative Conversion And Extinguishment Of Debt
EmbeddedDerivativeConversionAndExtinguishmentOfDebt
|
3628283 | USD |
CY2019Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
0 | USD |
CY2019Q2 | ocgn |
Common Stock Shares Agreed To Be Sold Stock Subscription Agreement
CommonStockSharesAgreedToBeSoldStockSubscriptionAgreement
|
100000 | shares |
CY2019Q2 | us-gaap |
Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
|
1000000.0 | USD |
CY2019Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
12.41 | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
13000000.0 | USD |
CY2019Q2 | ocgn |
Common Stock Shares Agreed To Be Sold Stock Subscription Agreement
CommonStockSharesAgreedToBeSoldStockSubscriptionAgreement
|
100000 | shares |
CY2019Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
12.41 | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
900000 | USD |
CY2019 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
884089 | USD |
CY2019 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
250361 | USD |
CY2019 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
79700 | USD |
CY2019 | us-gaap |
Lease Cost
LeaseCost
|
330061 | USD |
CY2018 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1074687 | USD |
CY2019Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
900000 | USD |
CY2019Q4 | ocgn |
Number Of Equity Compensation Plans
NumberOfEquityCompensationPlans
|
2 | segment |
CY2019 | ocgn |
Share Based Compensation Arrangement By Share Based Payment Award Automatic Increase In Shares To Be Issue Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardAutomaticIncreaseInSharesToBeIssuePercentage
|
0.040 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.84 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
7.97 | |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
1000000.0 | USD |
CY2019Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y | |
CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
172310 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
163198 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
335508 | USD |
CY2019Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.076 | |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
191890 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
160909 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
11354 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
364153 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
28645 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
335508 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P5Y | |
CY2019Q4 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.076 | |
CY2019Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
23856 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
9941 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
1851 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
33797 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
31946 | USD |
CY2019Q4 | ocgn |
Pre Merger Financing Warrants Block Provisions Exercise Restriction Lower Percentage Of Common Stock
PreMergerFinancingWarrantsBlockProvisionsExerciseRestrictionLowerPercentageOfCommonStock
|
0.0499 | |
CY2019Q4 | ocgn |
Pre Merger Financing Warrants Block Provisions Exercise Restriction Higher Percentage Of Common Stock
PreMergerFinancingWarrantsBlockProvisionsExerciseRestrictionHigherPercentageOfCommonStock
|
0.0999 | |
ocgn |
Percentage Of Amount On Market Value For Failure To Issue Common Stock On Pre Merger Financing Warrants
PercentageOfAmountOnMarketValueForFailureToIssueCommonStockOnPreMergerFinancingWarrants
|
0.020 | ||
CY2018Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
0 | shares |
CY2019 | ocgn |
Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
|
49385964 | shares |
CY2019 | ocgn |
Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
|
40612036 | shares |
CY2019Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
8773928 | shares |
CY2017Q4 | ocgn |
Number Of Former Employees With Warrants
NumberOfFormerEmployeesWithWarrants
|
2 | segment |
CY2018Q4 | ocgn |
Deferred Tax Assets Convertible Debt
DeferredTaxAssetsConvertibleDebt
|
498236 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-20200000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18200000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
31575288 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
6864360 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
7298052 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
0 | USD |
CY2019Q4 | ocgn |
Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
|
11234751 | USD |
CY2018Q4 | ocgn |
Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
|
0 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
166611 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
35645 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
555352 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
121694 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
1123100 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
993234 | USD |
CY2019Q4 | ocgn |
Deferred Tax Assets Convertible Debt
DeferredTaxAssetsConvertibleDebt
|
0 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
1926677 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
548399 | USD |
CY2019Q4 | ocgn |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
96895 | USD |
CY2018Q4 | ocgn |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
0 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
53976726 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
9061568 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
53877168 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
9061568 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
99558 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
99558 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
0 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | USD |
CY2019 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
44800000 | USD |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.053 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.076 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0.032 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0.021 | |
CY2019 | ocgn |
Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
|
0.081 | |
CY2018 | ocgn |
Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
|
0.008 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.029 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.0 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.243 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.299 | |
CY2019 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2018 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
CY2018Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2019 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
303050 | USD |
CY2019 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
0 | USD |
CY2019 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
0 | USD |
CY2019 | us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
0 | USD |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
303050 | USD |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
300000 | USD |