2013 Q4 Form 10-Q Financial Statement

#000119312513435186 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $135.0K $23.00K $469.0K
YoY Change -61.32% -95.1%
Cost Of Revenue $0.00
YoY Change
Gross Profit $470.0K
YoY Change
Gross Profit Margin 100.21%
Selling, General & Admin $2.379M $4.003M $2.981M
YoY Change 11.12% 34.28% 9836.67%
% of Gross Profit 634.26%
Research & Development $2.359M $1.622M $1.106M
YoY Change 108.76% 46.65%
% of Gross Profit 235.32%
Depreciation & Amortization $100.0K $100.0K $80.00K
YoY Change 25.0% 25.0%
% of Gross Profit 17.02%
Operating Expenses $4.738M $5.625M $4.087M
YoY Change 44.85% 37.63% 13523.33%
Operating Profit -$4.626M -$5.602M -$3.618M
YoY Change 58.32% 54.84%
Interest Expense -$580.0K -$4.780M $42.25M
YoY Change -91.27% -111.31%
% of Operating Profit
Other Income/Expense, Net -$582.0K -$4.784M $42.10M
YoY Change -91.24% -111.36%
Pretax Income -$5.210M -$10.39M $38.48M
YoY Change -45.56% -127.0% -192500.0%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$5.208M -$10.39M $38.48M
YoY Change -45.55% -126.99% -192490.0%
Net Earnings / Revenue -3857.78% -45156.52% 8204.26%
Basic Earnings Per Share -$0.14 $0.87
Diluted Earnings Per Share -$1.350M -$0.14 $0.69
COMMON SHARES
Basic Shares Outstanding 77.28M shares 72.72M shares 44.10M shares
Diluted Shares Outstanding 72.72M shares 55.85M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.82M $53.36M $7.680M
YoY Change 236.17% 594.79%
Cash & Equivalents $49.82M $53.36M $7.676M
Short-Term Investments
Other Short-Term Assets $620.0K $300.0K $140.0K
YoY Change 16.98% 114.29%
Inventory $82.00K $74.00K $310.0K
Prepaid Expenses
Receivables $100.0K
Other Receivables $0.00
Total Short-Term Assets $50.53M $53.74M $8.230M
YoY Change 218.47% 552.92%
LONG-TERM ASSETS
Property, Plant & Equipment $915.0K $1.031M $610.0K
YoY Change 28.15% 69.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $92.00K $94.00K $210.0K
YoY Change 13.58% -55.24%
Total Long-Term Assets $1.086M $1.163M $810.0K
YoY Change 22.99% 43.58%
TOTAL ASSETS
Total Short-Term Assets $50.53M $53.74M $8.230M
Total Long-Term Assets $1.086M $1.163M $810.0K
Total Assets $51.62M $54.90M $9.040M
YoY Change 208.17% 507.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $311.0K $477.0K $60.00K
YoY Change -26.82% 695.0% 100.0%
Accrued Expenses $1.559M $1.583M $830.0K
YoY Change 58.92% 90.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $2.901M $2.940M $980.0K
YoY Change -86.83% 200.0% 3166.67%
LONG-TERM LIABILITIES
Long-Term Debt $10.00K $10.00K $20.00K
YoY Change -50.0% -50.0%
Other Long-Term Liabilities $10.00K $10.00K $35.47M
YoY Change -99.97%
Total Long-Term Liabilities $20.00K $20.00K $35.49M
YoY Change 0.0% -99.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.901M $2.940M $980.0K
Total Long-Term Liabilities $20.00K $20.00K $35.49M
Total Liabilities $2.914M $2.956M $36.47M
YoY Change -86.79% -91.89% 121466.67%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $77.00K $77.00K
YoY Change 30.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $48.70M $51.94M -$27.42M
YoY Change
Total Liabilities & Shareholders Equity $51.62M $54.90M $9.040M
YoY Change 208.17% 507.28%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$5.208M -$10.39M $38.48M
YoY Change -45.55% -126.99% -192490.0%
Depreciation, Depletion And Amortization $100.0K $100.0K $80.00K
YoY Change 25.0% 25.0%
Cash From Operating Activities -$3.900M -$3.600M -$2.300M
YoY Change 96.97% 56.52%
INVESTING ACTIVITIES
Capital Expenditures $20.00K -$20.00K -$180.0K
YoY Change -120.0% -88.89%
Acquisitions
YoY Change
Other Investing Activities -$40.00K $0.00 $0.00
YoY Change
Cash From Investing Activities -$20.00K -$20.00K -$170.0K
YoY Change -81.82% -88.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $43.40M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 390.0K 44.11M 1.680M
YoY Change -95.77% 2525.6%
NET CHANGE
Cash From Operating Activities -3.900M -3.600M -2.300M
Cash From Investing Activities -20.00K -20.00K -170.0K
Cash From Financing Activities 390.0K 44.11M 1.680M
Net Change In Cash -3.530M 40.49M -790.0K
YoY Change -149.44% -5225.32%
FREE CASH FLOW
Cash From Operating Activities -$3.900M -$3.600M -$2.300M
Capital Expenditures $20.00K -$20.00K -$180.0K
Free Cash Flow -$3.920M -$3.580M -$2.120M
YoY Change 108.51% 68.87%

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dei Trading Symbol
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dei Document Type
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10-Q
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
60000 shares
us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Revenue Arrangements with Multiple Deliverables</p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company occasionally enters into revenue arrangements that contain multiple deliverables. Judgment is required to properly identify the accounting units of the multiple deliverable transactions and to determine the manner in which revenue should be allocated among the accounting units. Moreover, judgment is used in interpreting the commercial terms and determining when all criteria of revenue recognition have been met for each deliverable in order for revenue recognition to occur in the appropriate accounting period. For multiple deliverable agreements, consideration is allocated at the inception of the agreement to all deliverables based on their relative selling price. The relative selling price for each deliverable is determined using vendor-specific objective evidence (&#x201C;VSOE&#x201D;) of selling price or third-party evidence of selling price if VSOE does not exist. If neither VSOE nor third-party evidence of selling price exists, the Company uses its best estimate of the selling price for the deliverable.</p> <p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company recognizes revenue for delivered elements only when it determines there are no uncertainties regarding customer acceptance. While changes in the allocation of the arrangement consideration between the units of accounting will not affect the amount of total revenue recognized for a particular sales arrangement, any material changes in these allocations could impact the timing of revenue recognition, which could affect the Company&#x2019;s results of operations.</p> <p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company expects to periodically receive license fees for non-exclusive research licensing associated with funded research projects. License fees under these arrangements are recognized over the term of the contract or development period as it has been determined that such licenses do not have stand-alone value.</p> </div>
us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Product Revenue</p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company recognizes product revenue at the time of shipment to the customer, provided all other revenue recognition criteria have been met. The Company recognizes product revenues upon shipment to distributors, provided that (i)&#xA0;the price is substantially fixed or determinable at the time of sale; (ii)&#xA0;the distributor&#x2019;s obligation to pay the Company is not contingent upon resale of the products; (iii)&#xA0;title and risk of loss passes to the distributor at the time of shipment; (iv)&#xA0;the distributor has economic substance apart from that provided by the Company; (v)&#xA0;the Company has no significant obligation to the distributor to bring about the resale of the products; and (vi)&#xA0;future returns can be reasonably estimated. For any sales that do not meet all of the above criteria, revenue is deferred until all such criteria have been met.</p> <p>&#xA0;</p> </div>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.00842 pure
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68776718 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8482 pure
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y10M24D
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1870986 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.09
us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
The estimated useful lives of the fixed assets range between two and five years.
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6256000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
574540 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68776718 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
10855 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y8M12D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
7300 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
3.85
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6900000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <i>Use of estimates</i></p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Significant estimates used in preparing the condensed consolidated financial statements include those assumed in computing the valuation of warrants, revenue recognized under the proportional performance model, the valuation of stock-based compensation expense, and the valuation allowance on deferred tax assets.</p> </div>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
356250 shares
us-gaap Revenues
Revenues
129000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
49000
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
767000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
20000
us-gaap Investment Income Interest
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7000
us-gaap Profit Loss
ProfitLoss
-14157000
us-gaap Revenue From Grants
RevenueFromGrants
12000
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-9336000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-4000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
5000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4821000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-14000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2088000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
176000
us-gaap Unrealized Gain Loss On Derivatives
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-4811000
us-gaap Net Cash Provided By Used In Financing Activities
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44111000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
19000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
22192
us-gaap Share Based Compensation
ShareBasedCompensation
2088000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
37729000
us-gaap Increase Decrease In Accrued Liabilities
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803000
us-gaap Interest Expense
InterestExpense
13000
us-gaap Increase Decrease In Accounts Payable
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-164000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-126000
us-gaap Cost Of Services Amortization
CostOfServicesAmortization
72000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3061000
us-gaap Proceeds From Stock Options Exercised
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20000
us-gaap Depreciation Depletion And Amortization
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190000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
210000
us-gaap Restructuring Costs
RestructuringCosts
2100000
us-gaap Selling General And Administrative Expense
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6404000
onvo Number Of Warrants Exercised
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2278557 shares
onvo Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
44096000
onvo Stock Issued During Period Value Public Offering
StockIssuedDuringPeriodValuePublicOffering
43445000
onvo Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
4811000
onvo Decrease In Warrant Liability
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10147000
onvo Changes In Fair Value Of Derivative Liability
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4800000
onvo Adjustments To Additional Paid In Capital Expense On Modification Of Warrant
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12000
onvo Adjustments To Additional Paid In Capital Warrant Liability From Exercises Of Warrants
AdjustmentsToAdditionalPaidInCapitalWarrantLiabilityFromExercisesOfWarrants
10147000
onvo Adjustments To Additional Paid In Capital Warrant Liability Reclassified To Equity
AdjustmentsToAdditionalPaidInCapitalWarrantLiabilityReclassifiedToEquity
767000
onvo Cashless Exercise For Issuance Of Common Stock
CashlessExerciseForIssuanceOfCommonStock
1627486 shares
onvo Companys Stockholders Retained Voting Interest
CompanysStockholdersRetainedVotingInterest
0.25 pure
onvo Deduction In Warrant Liability
DeductionInWarrantLiability
10147000
onvo Fee For Additional Research And Development Services
FeeForAdditionalResearchAndDevelopmentServices
135000
onvo Former Security Holders Common Stock Voting Interest
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0.75 pure
onvo Increase Decrease In Grants Receivable
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onvo Lease Term With Option To Extend
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onvo Payment For Expense On Warrant Modification
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12000
onvo Research And Development Services Contract Value
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onvo Revenue From Collaborations
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117000
onvo Stockholders Equity During Period Value Issuance Of Common Stock From Warrant Exercises
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onvo Warrant Or Right Expense Or Revenue Recognized
WarrantOrRightExpenseOrRevenueRecognized
72000
onvo Warrant Reclassified Equity Instruments
WarrantReclassifiedEquityInstruments
767000
onvo Warrants Cashless Exercise Number
WarrantsCashlessExerciseNumber
2035057 shares
onvo Increase Decrease In Cash Deposits Released From Restriction
IncreaseDecreaseInCashDepositsReleasedFromRestriction
50000
onvo Number Of Warrant Exercised During Period Recorded As Derivative Liability
NumberOfWarrantExercisedDuringPeriodRecordedAsDerivativeLiability
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22034000
us-gaap Revenues
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3192000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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304000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
438000
us-gaap Sales Revenue Goods Net
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224000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-30000
us-gaap Income Taxes Paid
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3000
us-gaap Investment Income Interest
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17000
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us-gaap Revenue From Grants
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us-gaap Repayments Of Related Party Debt
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us-gaap Interest Paid
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10000
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us-gaap Increase Decrease In Inventories
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Impairment Of Long Lived Assets Held For Use
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0
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
528000
us-gaap Net Cash Provided By Used In Financing Activities
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76640000
us-gaap Cost Of Goods Sold
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134000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4630000
us-gaap Increase Decrease In Deferred Revenue
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81000
us-gaap Share Based Compensation
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4388000
us-gaap Cash And Cash Equivalents Period Increase Decrease
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53357000
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2000
CY2010 us-gaap Profit Loss
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1583000
us-gaap Interest Expense
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3484000
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477000
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Warrants
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32743000
us-gaap Cost Of Services Amortization
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890000
us-gaap Research And Development Expense
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us-gaap Proceeds From Stock Options Exercised
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38000
us-gaap Depreciation Depletion And Amortization
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us-gaap Proceeds From Related Party Debt
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250000
us-gaap Amortization Of Financing Costs
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438000
us-gaap Lease And Rental Expense
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966000
us-gaap Amortization Of Debt Discount Premium
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2084000
us-gaap Selling General And Administrative Expense
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18943000
onvo Proceeds From Issuance Of Common Stock And Warrants
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72534000
onvo Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
26782000
onvo Accrued Interest On Convertible Notes
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485000
onvo Convertible Notes Principal Amount
ConvertibleNotesPrincipalAmount
4530000
onvo Deduction In Warrant Liability
DeductionInWarrantLiability
57337000
onvo Fair Value Of Warrant Liabilities In Excess Of Proceeds Received
FairValueOfWarrantLiabilitiesInExcessOfProceedsReceived
19019000
onvo Financing Transaction Costs In Excess Of Proceeds Received
FinancingTransactionCostsInExcessOfProceedsReceived
2130000
onvo Interest Accrued On Convertible Notes Payable
InterestAccruedOnConvertibleNotesPayable
495000
onvo Issuance Of Common Stock To Note Holders Shares
IssuanceOfCommonStockToNoteHoldersShares
9202215 shares
onvo Issued Warrants To Purchase Share Of Common Stock For Consulting Services Shares
IssuedWarrantsToPurchaseShareOfCommonStockForConsultingServicesShares
650000 shares
onvo Loss On Inducement To Exercise
LossOnInducementToExercise
1904000
onvo Payment For Expense On Warrant Modification
PaymentForExpenseOnWarrantModification
77000
onvo Purchased Equipment Through Capital Lease
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34000
onvo Repayment Of Convertible Notes And Interest Payable
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110000
onvo Revenue From Collaborations
RevenueFromCollaborations
2013000
onvo Warrant Or Right Expense Or Revenue Recognized
WarrantOrRightExpenseOrRevenueRecognized
890000
onvo Warrant Reclassified Equity Instruments
WarrantReclassifiedEquityInstruments
2653000
onvo Warrants And Related Beneficial Conversion Feature Value
WarrantsAndRelatedBeneficialConversionFeatureValue
824000
onvo Increase Decrease In Cash Deposits Released From Restriction
IncreaseDecreaseInCashDepositsReleasedFromRestriction
-38000
onvo Issued Warrants To Purchase Shares Of Common Stock Or Consulting Services
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890000
onvo Warrant Issued In Connection With Convertible Notes Payable
WarrantIssuedInConnectionWithConvertibleNotesPayable
1260000
us-gaap Profit Loss
ProfitLoss
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
CY2013Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
10350000 shares
CY2013Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
43400000
CY2012Q4 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
7700000
CY2009 us-gaap Profit Loss
ProfitLoss
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CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4000
CY2011 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
1111000
CY2011 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
239000
CY2011 us-gaap Profit Loss
ProfitLoss
-4383000
CY2011 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
3490000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9000
CY2008 us-gaap Profit Loss
ProfitLoss
-98000
CY2008 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1380000 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.95
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.08
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2023394 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
5000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.25
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1143735 shares
CY2012 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
890000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
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18000
CY2012 us-gaap Profit Loss
ProfitLoss
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CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1435000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
564641
CY2012 onvo Adjustments To Additional Paid In Capital Loss On Inducement To Exercise Warrants
AdjustmentsToAdditionalPaidInCapitalLossOnInducementToExerciseWarrants
1904000
CY2012 onvo Adjustments To Additional Paid In Capital Warrant Liability From Exercises Of Warrants
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23321000
CY2012 onvo Amount Of Warrant Tender Offer
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9600000 shares
CY2012 onvo Class Of Warrant Or Right Induced Exercise Expense
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1900000
CY2012 onvo Costs Associated With Merger
CostsAssociatedWithMerger
13723000
CY2012 onvo Duration After Which Warrants Are Exercisable
DurationAfterWhichWarrantsAreExercisable
P5Y
CY2012 onvo Issuance Of Common Stock Through Conversion Of Notes Payable And Accrued Interest In Connection With Merger
IssuanceOfCommonStockThroughConversionOfNotesPayableAndAccruedInterestInConnectionWithMerger
1526000
CY2012 onvo Issuance Of Common Stock Through Private Placements In Connection With Merger
IssuanceOfCommonStockThroughPrivatePlacementsInConnectionWithMerger
13723000
CY2012 onvo Number Of Shares To Be Exchanged For Amended Outstanding Warrants
NumberOfSharesToBeExchangedForAmendedOutstandingWarrants
14500000 shares
CY2012 onvo Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedAndExpirationsInPeriod
185516 shares
CY2012 onvo Stockholders Equity During Period Value Issuance Of Common Stock From Warrant Exercises
StockholdersEquityDuringPeriodValueIssuanceOfCommonStockFromWarrantExercises
10991000
CY2012 onvo Warrant Induced Exercise Placement Agent Fees Legal Cost And Other Fees Expense
WarrantInducedExercisePlacementAgentFeesLegalCostAndOtherFeesExpense
400000
CY2012 onvo Number Of Offerings Under Private Placement Reverse Merger
NumberOfOfferingsUnderPrivatePlacementReverseMerger
3 Private_placement
CY2012 onvo Number Of Agreement With Consultants For Services
NumberOfAgreementWithConsultantsForServices
4 Agreement
CY2012Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1500000
CY2012Q1 onvo Accrued Interest On Convertible Notes
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25387
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
55000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.93
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
927981 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
shares
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CY2013Q1 onvo Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited And Expirations In Period
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CY2013Q1 onvo Stockholders Equity During Period Value Issuance Of Common Stock From Warrant Exercises
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CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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CY2012Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2012Q3 onvo Number Of Warrants Exercised
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CY2012Q3 onvo Changes In Fair Value Of Derivative Liability
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CY2012Q3 onvo Cashless Exercise For Issuance Of Common Stock
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CY2012Q3 onvo Revenue From Collaborations
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CY2012Q3 onvo Warrants Cashless Exercise Number
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CY2012Q3 onvo Number Of Warrant Exercised During Period Recorded As Derivative Liability
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CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2013Q3 us-gaap Earnings Per Share Basic
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CY2013Q3 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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CY2013Q3 us-gaap Revenues
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CY2013Q3 us-gaap Investment Income Interest
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CY2013Q3 us-gaap Profit Loss
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CY2013Q3 us-gaap Operating Income Loss
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CY2013Q3 us-gaap Research And Development Expense
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CY2013Q3 us-gaap Lease And Rental Expense
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105000
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4026000
CY2013Q3 onvo Number Of Warrants Exercised
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2026428 shares
CY2013Q3 onvo Change In Fair Value Of Warrant Liabilities
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4787000
CY2013Q3 onvo Decrease In Warrant Liability
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10018000
CY2013Q3 onvo Changes In Fair Value Of Derivative Liability
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4800000
CY2013Q3 onvo Cashless Exercise For Issuance Of Common Stock
CashlessExerciseForIssuanceOfCommonStock
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CY2013Q3 onvo Fee For Additional Research And Development Services
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135000
CY2013Q3 onvo Research And Development Services Contract Value
ResearchAndDevelopmentServicesContractValue
1500000
CY2013Q3 onvo Revenue From Collaborations
RevenueFromCollaborations
23000
CY2013Q3 onvo Warrants Cashless Exercise Number
WarrantsCashlessExerciseNumber
1782928 shares
CY2013Q3 onvo Number Of Warrant Exercised During Period Recorded As Derivative Liability
NumberOfWarrantExercisedDuringPeriodRecordedAsDerivativeLiability
1782928 shares

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