2024 Q3 Form 10-Q Financial Statement

#000121390024073545 Filed on August 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $406.9K $704.8K $0.00
YoY Change
Cost Of Revenue $301.4K $604.1K
YoY Change
Gross Profit $105.4K $100.7K
YoY Change
Gross Profit Margin 25.91% 14.29%
Selling, General & Admin $2.642M $2.221M $79.00K
YoY Change -38.11% 2711.74% -97.37%
% of Gross Profit 2506.23% 2205.48%
Research & Development $109.4K -$3.680K $846.9K
YoY Change -50.12% -100.43% -34.53%
% of Gross Profit 103.75% -3.65%
Depreciation & Amortization $201.3K $0.00
YoY Change -100.0%
% of Gross Profit 199.87%
Operating Expenses $2.751M $13.72M $6.650M
YoY Change -38.7% 106.26% 54.83%
Operating Profit -$2.646M -$13.62M -$6.650M
YoY Change -41.05% 104.75% 54.83%
Interest Expense -$609.3K $214.0K
YoY Change -384.73% 606.26%
% of Operating Profit
Other Income/Expense, Net -$1.238M -$640.9K -$215.7K
YoY Change 44.14% 197.17% -103.13%
Pretax Income -$3.884M -$14.26M -$6.870M
YoY Change -27.41% 107.51% 61.09%
Income Tax -$56.00K $50.77K
% Of Pretax Income
Net Earnings -$3.827M -$14.31M -$6.865M
YoY Change -28.42% 108.39% 60.98%
Net Earnings / Revenue -940.72% -2029.76%
Basic Earnings Per Share -$2.93 -$0.64 -$0.43
Diluted Earnings Per Share -$2.93 -$0.64 -$0.21
COMMON SHARES
Basic Shares Outstanding 29.79M shares 22.33M shares 15.91M shares
Diluted Shares Outstanding 1.306M shares 22.20M shares 15.91M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $930.5K $9.220M
YoY Change -89.91% -58.55%
Cash & Equivalents $341.5K $930.5K $9.223M
Short-Term Investments
Other Short-Term Assets $717.7K $690.0K
YoY Change 4.01% -44.88%
Inventory $121.8K $160.3K $1.172M
Prepaid Expenses $685.4K
Receivables $98.03K $171.3K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.048M $2.035M $11.41M
YoY Change -89.02% -82.15% -51.5%
LONG-TERM ASSETS
Property, Plant & Equipment $69.32K $69.19K $14.12K
YoY Change 454.4% 390.01% -20.58%
Goodwill $38.86M $36.50M
YoY Change
Intangibles $21.41M $20.31M $17.91M
YoY Change 19.59% 13.43%
Long-Term Investments
YoY Change
Other Assets $366.1K $420.0K
YoY Change -12.83% 313.55%
Total Long-Term Assets $60.87M $57.43M $18.34M
YoY Change 231.89% 213.09% 15269.7%
TOTAL ASSETS
Total Short-Term Assets $1.048M $2.035M $11.41M
Total Long-Term Assets $60.87M $57.43M $18.34M
Total Assets $61.92M $59.46M $29.75M
YoY Change 122.08% 99.9% 25.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.112M $3.170M $2.077M
YoY Change 29.47% 52.63% 113.44%
Accrued Expenses $1.338M $1.439M $1.420M
YoY Change -13.06% 1.34% -31.75%
Deferred Revenue
YoY Change
Short-Term Debt $14.99M $8.620M
YoY Change 73.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.36M $20.60M $12.13M
YoY Change -1.64% 69.8% 296.7%
LONG-TERM LIABILITIES
Long-Term Debt $111.3K $4.540M
YoY Change -97.55%
Other Long-Term Liabilities $435.9K
YoY Change
Total Long-Term Liabilities $547.1K $4.540M
YoY Change -87.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.36M $20.60M $12.13M
Total Long-Term Liabilities $547.1K $4.540M
Total Liabilities $20.90M $23.96M $16.67M
YoY Change 18.4% 43.7% 445.05%
SHAREHOLDERS EQUITY
Retained Earnings -$86.00M -$82.21M -$29.09M
YoY Change 149.74% 182.63% 136.65%
Common Stock $83.00 $228.00 $169.00
YoY Change -54.64% 34.91% 38.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $625.8K $625.8K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $33.91M -$35.81M $13.08M
YoY Change
Total Liabilities & Shareholders Equity $61.92M $59.46M $29.75M
YoY Change 122.08% 99.9% 25.87%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$3.827M -$14.31M -$6.865M
YoY Change -28.42% 108.39% 60.98%
Depreciation, Depletion And Amortization $201.3K $0.00
YoY Change -100.0%
Cash From Operating Activities -$3.200M -$1.780M
YoY Change 79.75% -44.07%
INVESTING ACTIVITIES
Capital Expenditures $17.70K $6.080M
YoY Change -99.71% -146959.9%
Acquisitions
YoY Change
Other Investing Activities -$3.950M
YoY Change
Cash From Investing Activities -$17.70K -$10.04M
YoY Change -99.82% 242412.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -343.4K -210.0K
YoY Change 63.53% -103.08%
NET CHANGE
Cash From Operating Activities -3.200M -1.780M
Cash From Investing Activities -17.70K -10.04M
Cash From Financing Activities -343.4K -210.0K
Net Change In Cash -3.561M -12.03M
YoY Change -70.4% -431.14%
FREE CASH FLOW
Cash From Operating Activities -$3.200M -$1.780M
Capital Expenditures $17.70K $6.080M
Free Cash Flow -$3.217M -$7.860M
YoY Change -59.07% 147.3%

Facts In Submission

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CY2024Q2 onco Stock Issued During Period Value Of Changes In Pension Benefit Obligation
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CY2024Q2 us-gaap Net Income Loss
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2023Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2023Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
3500000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
15453000 usd
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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3530716 usd
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Amortization Of Financing Costs And Discounts
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onco Amortization Of Debt Discount Related Party
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onco Loss On Related Party Receivable
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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onco Fair Value Of Subscription Agreement Liability
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us-gaap Pension Expense
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us-gaap Share Based Compensation
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InterestAccruedOnNotePayableRelatedParty
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us-gaap Impairment Of Intangible Assets Finitelived
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us-gaap Liabilities Fair Value Adjustment
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
51900 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
220928 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Cash Acquired From Acquisition
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Payments To Acquire Restricted Certificates Of Deposit
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us-gaap Payments For Advance To Affiliate
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454557 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22284 usd
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Proceeds From Notes Payable
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us-gaap Payments Of Financing Costs
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Payments Of Stock Issuance Costs
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onco Payments For Purchase Of Treasury Shares
PaymentsForPurchaseOfTreasuryShares
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
12947000 usd
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
150000 usd
onco Deferred Offering Costs Previously Prepaid
DeferredOfferingCostsPreviouslyPrepaid
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onco Exerciseofprefundedwarrants
Exerciseofprefundedwarrants
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us-gaap Stock Issued1
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
87864 usd
CY2024Q2 us-gaap Investments And Cash
InvestmentsAndCash
900000 usd
CY2024Q2 us-gaap Capital Units
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18600000 usd
CY2024Q2 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. The most significant estimates in the Company’s condensed consolidated financial statements relate to accounting for acquisitions, valuation of inventory, the useful life of the amortizable intangible assets, estimates of future cash flows used to evaluate impairment of intangible assets, assumptions related to the pension benefit obligation, assumptions related to the related party subscription agreement liability, and accounting for income taxes. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected.</span></p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2023Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2024Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
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CY2024Q2 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2641 usd
CY2023Q4 us-gaap Other Liabilities Current
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CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
700000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1400000 usd
CY2024Q2 us-gaap Other Assets
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56000 usd
us-gaap Accounts Receivable Sale
AccountsReceivableSale
171000 usd
CY2023 us-gaap Accounts Receivable Sale
AccountsReceivableSale
150000 usd
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CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
194805 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
68301 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
30039 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
160272 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
364052 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
400000 usd
CY2024Q2 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
400000 usd
CY2024Q2 us-gaap Prepaid Insurance
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525848 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
122004 usd
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
312551 usd
CY2024Q2 onco Prepaids Research And Development
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74881 usd
CY2023Q4 onco Prepaids Research And Development
PrepaidsResearchAndDevelopment
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CY2023Q4 onco Prepaid Professional Fees
PrepaidProfessionalFees
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AccountsReceivableGrossCurrent
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CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
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CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
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us-gaap Goodwill And Intangible Asset Impairment
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1415884 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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us-gaap Adjustment For Amortization
AdjustmentForAmortization
-397587 usd
onco Accumulated Amortization Foreign Currency Translation
AccumulatedAmortizationForeignCurrencyTranslation
10118 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
25410887 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
20310890 usd
CY2024Q2 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P15Y
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
196000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
398000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets
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200000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
400590 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
801180 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
801180 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
801180 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
801180 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
7988107 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11593417 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P14Y5M19D
CY2024Q2 us-gaap Indefinite Lived Trade Names
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8700000 usd
CY2023Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
9300000 usd
CY2024Q2 us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
10300000 usd
us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
15500000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
15453000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
3720810 usd
CY2024Q2 us-gaap Goodwill
Goodwill
36502332 usd
CY2024Q2 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
206722 usd
CY2023Q4 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
487579 usd
CY2024Q2 onco Accrued Research And Development Current
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378532 usd
CY2023Q4 onco Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
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CY2024Q2 us-gaap Accrued Professional Fees Current And Noncurrent
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212565 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
550415 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
358180 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
265849 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
93787 usd
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
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100000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
60530 usd
CY2024Q2 onco Accrued Interest Related Party
AccruedInterestRelatedParty
87123 usd
CY2024Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
95750 usd
CY2023Q4 onco Accrued Deferred Offering Costs
AccruedDeferredOfferingCosts
125000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1438872 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2199867 usd
onco Royalty Sales Percentage
RoyaltySalesPercentage
0.06 pure
CY2024Q2 onco Sales Payments Amount
SalesPaymentsAmount
22500000 usd
CY2024Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
5000000 usd
us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
6000000 usd
us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable
12947000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
79771 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
19026771 usd
onco Inventory Fair Value
InventoryFairValue
300000 usd
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1200000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3500000 usd
CY2024Q2 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
400000 usd
CY2023Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
14700000 usd
CY2023Q4 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
1200000 usd
CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
1 pure
us-gaap Business Acquisition Pro Forma Information Description
BusinessAcquisitionProFormaInformationDescription
(i) $3.5 million in cash at signing of the WraSer APA; (ii) $4.5 million in cash on the later of (x) 90 days after the signing of the WraSer APA or (y) the date that all closing conditions under the WraSer APA are met or otherwise waived (the “WraSer Closing Date”); (iii) 1.0 million shares of the Company’s common stock (the “Closing Shares”) issuable on the WraSer Closing Date, and (iv) $500,000 in cash one year from the WraSer Closing Date.
CY2023Q2 onco Initial Payment Amount
InitialPaymentAmount
3500000 usd
CY2023Q2 onco Payments
Payments
3500000 usd
CY2023Q2 us-gaap Deposits
Deposits
3500000 usd
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
1100000 usd
CY2024Q2 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Costs
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCosts
500000 usd
CY2023Q4 onco Voting Interest Percentage
VotingInterestPercentage
1 pure
CY2023Q4 onco Stock Issued During Period Shares Issuance Of Common Stock And Series B Preferred Stock In Connection With Pmx Transaction
StockIssuedDuringPeriodSharesIssuanceOfCommonStockAndSeriesBPreferredStockInConnectionWithPMXTransaction
3675414 shares
onco Business Acquisition Description Of Acquired
BusinessAcquisitionDescriptionOfAcquired
i) the Company obtained 100% of the outstanding common stock and voting interest of PMX, (ii) at closing of the PMX Transaction, the PMX shareholders were issued approximately 17% of Onconetix’s outstanding common stock and none of the former PMX shareholders held more than 5% of Onconetix’s common stock individually, (iii) the composition of executive management and the governing body did not change sufficiently to give PMX or its former shareholders control over these functions within Onconetix, and (iv) Onconetix was significantly larger when considering both total assets and operations.
onco Royalty Rate
RoyaltyRate
0.06 pure
CY2024Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
1500000 usd
CY2023Q3 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2025-07-14
CY2024Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
100000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
400000 usd
CY2024Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1100000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1800000 usd
onco Milestone Payments
MilestonePayments
2500000 usd
onco Milestone Payments Paid
MilestonePaymentsPaid
500000 usd
onco Payable Average Discount Rate Percentage
PayableAverageDiscountRatePercentage
0.082 pure
CY2023Q3 onco Cash Payment To The Seller
CashPaymentToTheSeller
1000000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
490000 usd
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
5709935 shares
CY2024Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
10000 usd
us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.15 pure
onco Percentage Of Net Proceeds
PercentageOfNetProceeds
0.10 pure
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
90000 usd
CY2024Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
100000 usd
CY2024Q2 us-gaap Interest Expense Other
InterestExpenseOther
200000 usd
us-gaap Interest Expense Other
InterestExpenseOther
400000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
100000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
100000 usd
onco Financing Fees
FinancingFees
700000 usd
CY2024Q2 us-gaap Investment Interest Rate Paid In Kind
InvestmentInterestRatePaidInKind
0.0779 pure
CY2024Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
300000 usd
onco Installment Payments
installmentPayments
78000 usd
CY2023Q4 onco Sale Of Units
SaleOfUnits
20000000 shares
CY2023Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.25
CY2024Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.25
CY2023 us-gaap Product Liability Contingency Third Party Recovery Percentage
ProductLiabilityContingencyThirdPartyRecoveryPercentage
0.55 pure
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
3000000 usd
CY2024Q2 us-gaap Preferred Stock Convertible Shares Issuable
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