2019 Q2 Form 10-Q Financial Statement
#000119312519143616 Filed on May 10, 2019
Income Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
Revenue | $64.95M | $57.12M | $35.53M |
YoY Change | 49.13% | 60.78% | -10.81% |
Cost Of Revenue | $19.45M | $16.98M | $14.52M |
YoY Change | 12.4% | 16.93% | 9.14% |
Gross Profit | $45.50M | $40.14M | $21.01M |
YoY Change | 73.33% | 91.08% | -20.82% |
Gross Profit Margin | 70.06% | 70.27% | 59.13% |
Selling, General & Admin | $48.96M | $48.89M | $38.17M |
YoY Change | 29.74% | 28.11% | 36.54% |
% of Gross Profit | 107.59% | 121.8% | 181.67% |
Research & Development | $3.864M | $3.371M | $2.824M |
YoY Change | 88.67% | 19.37% | 82.08% |
% of Gross Profit | 8.49% | 8.4% | 13.44% |
Depreciation & Amortization | $859.0K | $902.0K | $872.0K |
YoY Change | -1.83% | 3.44% | |
% of Gross Profit | 1.89% | 2.25% | 4.15% |
Operating Expenses | $52.82M | $52.26M | $40.99M |
YoY Change | 22.05% | 27.51% | 38.93% |
Operating Profit | -$7.319M | -$12.12M | -$19.98M |
YoY Change | -57.01% | -39.34% | 572.53% |
Interest Expense | $2.187M | $1.778M | $2.429M |
YoY Change | -21.36% | -26.8% | 52.58% |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.307M | -$3.508M | -$2.479M |
YoY Change | -22.01% | 41.51% | 72.51% |
Pretax Income | -$9.626M | -$15.63M | -$22.46M |
YoY Change | -51.83% | -30.41% | 409.53% |
Income Tax | $23.00K | $37.00K | $28.00K |
% Of Pretax Income | |||
Net Earnings | -$9.649M | -$15.67M | -$22.49M |
YoY Change | -51.78% | -30.34% | -1088.48% |
Net Earnings / Revenue | -14.86% | -27.43% | -63.29% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$106.0K | -$173.3K | -$10.31K |
COMMON SHARES | |||
Basic Shares Outstanding | 91.32M | 92.01M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $20.00M | $30.60M | $100.0K |
YoY Change | 19900.0% | 30500.0% | -80.0% |
Cash & Equivalents | $20.16M | $30.66M | $918.0K |
Short-Term Investments | |||
Other Short-Term Assets | $3.200M | $4.000M | $200.0K |
YoY Change | 3100.0% | 1900.0% | -50.0% |
Inventory | $18.72M | $17.97M | |
Prepaid Expenses | |||
Receivables | $34.16M | $32.51M | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $76.15M | $85.06M | $300.0K |
YoY Change | 37973.0% | 28254.0% | -66.67% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $40.75M | $39.45M | |
YoY Change | |||
Goodwill | $25.54M | $25.54M | |
YoY Change | |||
Intangibles | $23.84M | $24.59M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.040M | $1.072M | $313.2M |
YoY Change | -99.67% | -99.66% | 1.03% |
Total Long-Term Assets | $91.93M | $91.39M | $313.5M |
YoY Change | -70.8% | -70.85% | 1.03% |
TOTAL ASSETS | |||
Total Short-Term Assets | $76.15M | $85.06M | $300.0K |
Total Long-Term Assets | $91.93M | $91.39M | $313.5M |
Total Assets | $168.1M | $176.5M | $313.8M |
YoY Change | -46.64% | -43.77% | 0.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $22.28M | $24.58M | |
YoY Change | |||
Accrued Expenses | $20.68M | $20.40M | $4.800M |
YoY Change | 282.94% | 324.9% | 4700.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $300.0K |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | $2.400M | $2.300M | |
YoY Change | |||
Total Short-Term Liabilities | $50.40M | $52.31M | $5.100M |
YoY Change | 754.22% | 925.63% | 5000.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $39.66M | $39.64M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $6.220M | $5.680M | $10.90M |
YoY Change | -42.94% | -47.89% | 0.0% |
Total Long-Term Liabilities | $45.88M | $45.32M | $10.90M |
YoY Change | 320.94% | 315.73% | 0.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $50.40M | $52.31M | $5.100M |
Total Long-Term Liabilities | $45.88M | $45.32M | $10.90M |
Total Liabilities | $144.9M | $143.9M | $15.90M |
YoY Change | 767.52% | 804.99% | 44.55% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$155.2M | -$145.6M | |
YoY Change | |||
Common Stock | $178.4M | $178.1M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | $728.5K | $728.5K | |
Shareholders Equity | $23.20M | $32.56M | -$37.44M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $168.1M | $176.5M | $313.8M |
YoY Change | -46.64% | -43.77% | 0.84% |
Cashflow Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.649M | -$15.67M | -$22.49M |
YoY Change | -51.78% | -30.34% | -1088.48% |
Depreciation, Depletion And Amortization | $859.0K | $902.0K | $872.0K |
YoY Change | -1.83% | 3.44% | |
Cash From Operating Activities | -$12.11M | -$9.558M | -$4.457M |
YoY Change | 5666.67% | 114.45% | 3328.46% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.180M | $317.0K | $65.00K |
YoY Change | 387.69% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$1.180M | -$317.0K | -$65.00K |
YoY Change | 387.69% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.800M | 19.13M | 3.082M |
YoY Change | 1455.56% | 520.8% | -816.74% |
NET CHANGE | |||
Cash From Operating Activities | -12.11M | -9.558M | -4.457M |
Cash From Investing Activities | -1.180M | -317.0K | -65.00K |
Cash From Financing Activities | 2.800M | 19.13M | 3.082M |
Net Change In Cash | -10.49M | 9.258M | -1.440M |
YoY Change | 34866.67% | -742.92% | 157.14% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$12.11M | -$9.558M | -$4.457M |
Capital Expenditures | -$1.180M | $317.0K | $65.00K |
Free Cash Flow | -$10.93M | -$9.875M | -$4.522M |
YoY Change | 118.38% |
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CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-65000 | |
CY2019Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
4500000 | |
CY2018Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
3075000 | |
CY2019Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
811000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
19133000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3082000 | |
CY2019Q1 | us-gaap |
Interest Paid
InterestPaid
|
1627000 | |
CY2018Q1 | us-gaap |
Interest Paid
InterestPaid
|
2190000 | |
CY2019Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
58000 | |
CY2018Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1000 | |
CY2019Q1 | orgo |
Non Cash Purchase Of Property Plant And Equipment
NonCashPurchaseOfPropertyPlantAndEquipment
|
415000 | |
CY2018Q1 | orgo |
Non Cash Purchase Of Property Plant And Equipment
NonCashPurchaseOfPropertyPlantAndEquipment
|
715000 | |
CY2019Q1 | orgo |
Working Capital
WorkingCapital
|
32755000 | |
CY2019Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
35801000 | |
CY2018Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
37497000 | |
CY2019Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
3292000 | |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
3420000 | |
CY2019Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
32509000 | |
CY2018Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
34077000 | |
CY2018 | orgo |
Allowance For Doubtful Accounts Receivable Write Offs1
AllowanceForDoubtfulAccountsReceivableWriteOffs1
|
-962000 | |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
3420000 | |
CY2019Q1 | orgo |
Allowance For Doubtful Accounts Receivable Write Offs1
AllowanceForDoubtfulAccountsReceivableWriteOffs1
|
-52000 | |
CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
3225000 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
7266715 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.91 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
6328 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.93 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.91 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.39 | |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1571000 | |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y7M13D | |
CY2019Q1 | us-gaap |
Secured Debt
SecuredDebt
|
635000 | |
CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
3026000 | |
CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
4959000 | |
CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
4386000 | |
CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
1774000 | |
CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
23448000 | |
CY2019Q1 | orgo |
Accrued Legal Expenses
AccruedLegalExpenses
|
1000000 | |
CY2018 | orgo |
Adjustments To Additional Paid In Capital Recapitalization Cost
AdjustmentsToAdditionalPaidInCapitalRecapitalizationCost
|
-11206000 | |
CY2019Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
17585000 | |
CY2019Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
3292000 | |
CY2018 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1157000 | |
CY2019Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
6865000 | |
CY2018Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
4711000 | |
CY2019Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1440000 | |
CY2018Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1759000 | |
CY2019Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
9667000 | |
CY2018Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
917000 | |
CY2019Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
20395000 | |
CY2018Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
20388000 | |
CY2019Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
881000 | |
CY2018Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
660000 | |
CY2019Q1 | orgo |
Business Combination Contingent Consideration Liability Accrued Interest
BusinessCombinationContingentConsiderationLiabilityAccruedInterest
|
692000 | |
CY2018Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
2545000 | |
CY2018Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
12578000 | |
CY2019Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2019Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | |
CY2018Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
6851000 | |
CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
17972000 | |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
13321000 | |
CY2019Q1 | orgo |
Inventory Reserve Charged To Cost Of Goods Sold
InventoryReserveChargedToCostOfGoodsSold
|
520000 | |
CY2018Q1 | orgo |
Inventory Reserve Charged To Cost Of Goods Sold
InventoryReserveChargedToCostOfGoodsSold
|
1482000 | |
CY2019Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2836000 | |
CY2018Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2951000 | |
CY2019Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
79552000 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
79097000 | |
CY2019Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
63337000 | |
CY2018Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
62435000 | |
CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
39454000 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
39623000 | |
CY2019Q1 | us-gaap |
Depreciation
Depreciation
|
902000 | |
CY2018Q1 | us-gaap |
Depreciation
Depreciation
|
872000 | |
CY2019Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
36580000 | |
CY2019Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
11988000 | |
CY2019Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
24592000 | |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
36580000 | |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
10489000 | |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
26091000 | |
CY2019Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1498000 | |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | |
CY2019Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
91316039 | |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
91261413 | |
CY2018 | orgo |
Stock Issued During Period Value Warrant Exercise
StockIssuedDuringPeriodValueWarrantExercise
|
-2707000 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-15317000 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
47041000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
32559000 | |
CY2018Q1 | orgo |
Offering Costs
OfferingCosts
|
270000 | |
CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
44000 | |
CY2018Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
9000 | |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
9258000 | |
CY2019Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 18pt;text-indent: 0.79in;"><div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates </div></div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 6pt;text-indent: 0.79in;"><div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with 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 results of operations during the reporting period. Actual results could differ from those estimates. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2019Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-76000 | |
CY2019Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
15472000 | |
CY2018Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
15218000 | |
CY2018Q2 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
5000000 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0273 | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y10M20D | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.420 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
5.99 | |
CY2018Q1 | orgo |
Fair Value Of Common Share
FairValueOfCommonShare
|
5.82 | |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
266000 | |
CY2019Q1 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
365000 | |
CY2018 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
963000 | |
CY2019Q1 | orgo |
Number Of Shares Issues As Collateral For Secured Debt
NumberOfSharesIssuesAsCollateralForSecuredDebt
|
675990 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
|
17446000 | |
CY2019Q1 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
15109000 | |
CY2019Q1 | us-gaap |
Land Subject To Ground Leases
LandSubjectToGroundLeases
|
43850000 | |
CY2019Q1 | orgo |
Capital Lease Amount Of Minimum Rental Payments Increase In Each Year In Ten Year Option To Extend
CapitalLeaseAmountOfMinimumRentalPaymentsIncreaseInEachYearInTenYearOptionToExtend
|
44000 | |
CY2019Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
39635000 | |
CY2019Q1 | us-gaap |
Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
|
496000 | |
CY2018Q1 | us-gaap |
Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
|
477000 | |
CY2019Q1 | orgo |
Accrued Interest Notes Receivable
AccruedInterestNotesReceivable
|
19000 | |
CY2018Q1 | orgo |
Accrued Interest Notes Receivable
AccruedInterestNotesReceivable
|
19000 | |
CY2019Q1 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
21000 | |
CY2019Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
62000 | |
CY2018Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
60000 | |
CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
1180000 | |
CY2019Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentsDueInFourAndFiveYears
|
8123000 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
|
3231000 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
|
4308000 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
|
4308000 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
|
4738000 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Net Minimum Payments1
CapitalLeasesFutureMinimumPaymentsNetMinimumPayments1
|
26148000 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
|
8702000 | |
CY2019Q1 | orgo |
Capital Lease Amount Of Minimum Rental Payments Increase In Each Year In Five Year Option To Extend
CapitalLeaseAmountOfMinimumRentalPaymentsIncreaseInEachYearInFiveYearOptionToExtend
|
33000 | |
CY2019Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
526000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
263000 | |
CY2019Q1 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
332000 | |
CY2019Q1 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
40000000 | |
CY2019Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
209000 | |
CY2019Q1 | us-gaap |
Stock Issued1
StockIssued1
|
628000 | |
CY2018Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
18000 | |
CY2018Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
10000 | |
CY2019Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
33371464 | |
CY2018Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
33432421 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.17 | |
CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.35 | |
CY2019Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
30984000 | |
CY2018Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
26484000 | |
CY2019Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
40000000 | |
CY2019Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
39635000 | |
CY2018Q4 | us-gaap |
Notes Payable
NotesPayable
|
15885000 | |
CY2018Q4 | us-gaap |
Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
|
762000 | |
CY2018Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
2545000 | |
CY2018Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
12578000 | |
CY2019Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
12222000 | |
CY2019Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
13333000 | |
CY2019Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
13333000 | |
CY2019Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
1112000 | |
CY2019Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
40000000 | |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
57123000 | |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
35529000 | |
CY2019Q1 | us-gaap |
Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
|
Borrower’s achievement of trailing twelve month revenue of at least $221,250 and a trailing three month EBITDA (as defined in the New Credit Agreement) loss not in excess of $5,000; | |
CY2019Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
728548 | |
CY2019Q1 | us-gaap |
Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
|
interest rate equal to 3.75% above the Wall Street Journal Prime Rate | |
CY2019Q1 | orgo |
Additional Payment In Aggregate Of The Principal Amount Percentage
AdditionalPaymentInAggregateOfThePrincipalAmountPercentage
|
0.0625 | |
CY2019Q1 | orgo |
Percentage Available For Revolving Commitments
PercentageAvailableForRevolvingCommitments
|
0.25 | |
CY2019Q1 | us-gaap |
Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
|
0.0025 | |
CY2018Q4 | orgo |
Redeemable Common Stock Liability
RedeemableCommonStockLiability
|
6762000 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
33976000 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
33953000 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
33178000 | |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
28547000 | |
CY2018Q1 | orgo |
Increase Decrease In Accrued Interest Of Affiliate Debt
IncreaseDecreaseInAccruedInterestOfAffiliateDebt
|
-797000 | |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1440000 | |
CY2018 | us-gaap |
Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
|
maintain Minimum Liquidity (as defined in the New Credit Agreement) equal to the greater of (i) 6 months Monthly Burn (as defined in the New Credit Agreement) and (ii) $10,000. | |
CY2019Q1 | orgo |
Provision For Inventory Reserve
ProvisionForInventoryReserve
|
520000 | |
CY2018Q1 | orgo |
Provision For Inventory Reserve
ProvisionForInventoryReserve
|
1482000 | |
CY2019Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-76000 | |
CY2018Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-208000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15666000 | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22488000 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
5668574 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
6976993 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.54 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
1.83 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P5Y10M20D | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P5Y7M24D | |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y | |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y6M10D | |
CY2019Q1 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
113000 | |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30663000 | |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
918000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21405000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2358000 | |
CY2019Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
92044587 | |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
91261413 | |
CY2019Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001661181 | |
CY2019Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2019Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2019Q1 | dei |
Trading Symbol
TradingSymbol
|
ORGO | |
CY2019Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2019Q1 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | |
CY2019Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
false | |
CY2019Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
91316039 | |
CY2019Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
0 | |
CY2019Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
0 | |
CY2019Q1 | orgo |
Redemption Of Redeemable Common Stock
RedemptionOfRedeemableCommonStock
|
-6762000 | |
CY2019Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="margin: 0.25in 0in 0.0001pt; font-family: "times new roman", serif; font-size: 10pt; text-indent: 0.79in;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification of Prior Period Balances</div></div><div style="background: none;;font-weight:bold;display:inline;"> </div></div><div style="margin: 6pt 0in 0.0001pt; text-indent: 0.79in; font-family: "times new roman", serif; font-size: 10pt;">Reclassifications have been made to prior period amounts to conform to the current-year presentation of the reporting of deferred interest and principal on outstanding capital lease obligations and deferred tenant escalations as long-term liabilities on the consolidated balance sheets. The deferred interest and tenant escalation amounts were previously reported as accrued expenses on the consolidated balance sheets and the deferred principal on the capital lease obligations were recorded as part of the current portion of capital lease obligations on the consolidated balance sheet. These reclassifications have no effect on the reported net loss or net equity for the years ended March 31, 2019 and December 31, 2018.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2019Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
4923000 | |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
5170000 | |
CY2019Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
24938461 | |
CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9555490 | |
CY2019Q1 | us-gaap |
Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
|
9563000 | |
CY2019Q1 | us-gaap |
Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
|
5579000 | |
CY2018Q4 | us-gaap |
Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
|
5265000 | |
CY2019Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
773000 | |
CY2018Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
854000 | |
CY2019Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
52000 | |
CY2019Q1 | us-gaap |
Deferred Rent Credit
DeferredRentCredit
|
52000 | |
CY2019Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2019Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2019Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-03-31 | |
CY2019Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | |
CY2019Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2019Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Organogenesis Holdings Inc. |