2023 Q3 Form 10-Q Financial Statement
#000121390023065678 Filed on August 10, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $674.0K | |
YoY Change | 0.0% | |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $1.936M | $2.644M |
YoY Change | -45.06% | -9.2% |
% of Gross Profit | ||
Research & Development | $957.0K | $1.821M |
YoY Change | -82.1% | -80.16% |
% of Gross Profit | ||
Depreciation & Amortization | $50.00K | $52.00K |
YoY Change | 233.33% | 246.67% |
% of Gross Profit | ||
Operating Expenses | $2.893M | $4.465M |
YoY Change | -67.39% | -63.07% |
Operating Profit | -$2.893M | -$3.791M |
YoY Change | -64.67% | -66.8% |
Interest Expense | $826.0K | $2.478M |
YoY Change | -20.27% | 608.0% |
% of Operating Profit | ||
Other Income/Expense, Net | $435.0K | $2.478M |
YoY Change | -58.01% | |
Pretax Income | -$3.284M | -$1.313M |
YoY Change | -54.09% | -88.14% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$3.222M | -$1.194M |
YoY Change | -55.58% | -89.21% |
Net Earnings / Revenue | -177.15% | |
Basic Earnings Per Share | $0.08 | $0.03 |
Diluted Earnings Per Share | $0.08 | $0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 40.28M shares | 40.03M shares |
Diluted Shares Outstanding | 40.45M shares | 40.23M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $175.0M | $7.101M |
YoY Change | 365.49% | -80.39% |
Cash & Equivalents | $5.468M | $6.767M |
Short-Term Investments | $169.6M | $334.0K |
Other Short-Term Assets | $700.0K | $769.0K |
YoY Change | 12.36% | -19.73% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $175.7M | $151.0M |
YoY Change | 9.7% | 11.94% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $923.0K | $945.0K |
YoY Change | 72.52% | 120.28% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $53.50M | $3.531M |
YoY Change | 1880.01% | -86.36% |
Other Assets | $0.00 | $26.00K |
YoY Change | -100.0% | 13.04% |
Total Long-Term Assets | $55.19M | $5.344M |
YoY Change | 1193.97% | -80.51% |
TOTAL ASSETS | ||
Total Short-Term Assets | $175.7M | $151.0M |
Total Long-Term Assets | $55.19M | $5.344M |
Total Assets | $230.9M | $156.3M |
YoY Change | 40.41% | -3.68% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.600M | $828.0K |
YoY Change | -38.17% | -76.21% |
Accrued Expenses | $300.0K | $236.0K |
YoY Change | 31.58% | 1.29% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $75.36M | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $78.18M | $1.067M |
YoY Change | 1098.08% | -83.37% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $4.500M | $4.592M |
YoY Change | -5.56% | 61.92% |
Total Long-Term Liabilities | $4.488M | $4.592M |
YoY Change | -5.81% | 61.92% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $78.18M | $1.067M |
Total Long-Term Liabilities | $4.488M | $4.592M |
Total Liabilities | $82.66M | $5.659M |
YoY Change | 632.18% | -38.85% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$170.9M | -$167.7M |
YoY Change | 10.58% | 13.69% |
Common Stock | $320.0M | $484.0K |
YoY Change | 67990.21% | 4.54% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $149.1M | $151.5M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $230.9M | $156.3M |
YoY Change | 40.41% | -3.68% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$3.222M | -$1.194M |
YoY Change | -55.58% | -89.21% |
Depreciation, Depletion And Amortization | $50.00K | $52.00K |
YoY Change | 233.33% | 246.67% |
Cash From Operating Activities | -$700.0K | -$2.634M |
YoY Change | -68.76% | -68.98% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $30.00K | $20.00K |
YoY Change | -124.79% | -200.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$75.09M | -$14.69M |
YoY Change | -5662.22% | -241.48% |
Cash From Investing Activities | -$75.13M | -$14.71M |
YoY Change | -6213.1% | -241.95% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 74.55M | 0.000 |
YoY Change | 1628.5% | -100.0% |
NET CHANGE | ||
Cash From Operating Activities | -700.0K | -2.634M |
Cash From Investing Activities | -75.13M | -14.71M |
Cash From Financing Activities | 74.55M | 0.000 |
Net Change In Cash | -1.280M | -17.34M |
YoY Change | -138.78% | -1026.5% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$700.0K | -$2.634M |
Capital Expenditures | $30.00K | $20.00K |
Free Cash Flow | -$730.0K | -$2.654M |
YoY Change | -65.57% | -68.67% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40144725 | shares | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.54 | ||
CY2022Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
|
50000 | usd |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
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Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-35813 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ORAMED PHARMACEUTICALS INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
98-0376008 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1185 Avenue of the Americas | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Third Floor | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
New York | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NY | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
10036 | ||
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Local Phone Number
LocalPhoneNumber
|
844-967-2633 | ||
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City Area Code
CityAreaCode
|
844 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, par value $0.012 | ||
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Trading Symbol
TradingSymbol
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ORMP | ||
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Security Exchange Name
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NASDAQ | ||
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Entity Current Reporting Status
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Yes | ||
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Yes | ||
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Non-accelerated Filer | ||
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
153037000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
150148000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
1770000 | usd |
CY2023Q2 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
|
50000 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-1313000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
150655000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
162223000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-1000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
1882000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-11067000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
153037000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-4924000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-21775000 | usd | |
us-gaap |
Depreciation
Depreciation
|
89000 | usd | |
us-gaap |
Depreciation
Depreciation
|
26000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
457000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
319000 | usd | |
ormp |
Changes At Fair Value Of Investments
ChangesAtFairValueOfInvestments
|
820000 | usd | |
ormp |
Changes At Fair Value Of Investments
ChangesAtFairValueOfInvestments
|
-375000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1993000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5911000 | usd | |
ormp |
Gain On Amounts Funded In Respect Of Employee Rights Upon Retirement
GainOnAmountsFundedInRespectOfEmployeeRightsUponRetirement
|
2000 | usd | |
ormp |
Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
|
620000 | usd | |
ormp |
Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
|
699000 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
3328000 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
1054000 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
25000 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
99000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1340000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1340000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
6000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1000 | usd | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
5000 | usd | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-38000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-8183000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17615000 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
89919000 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
107000000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
59500000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
121000000 | usd | |
us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
2725000 | usd | |
us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
3786000 | usd | |
ormp |
Proceeds From Funds In Respect Of Employee Rights Upon Retirement
ProceedsFromFundsInRespectOfEmployeeRightsUponRetirement
|
-3000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
219000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
67000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-27913000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
17722000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2430000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2968000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
677000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2430000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2291000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-31000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
38000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-33697000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2436000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
40464000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
27456000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6767000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29892000 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2866000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
739000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
678000 | usd | |
CY2023Q2 | us-gaap |
Common Unit Issued
CommonUnitIssued
|
1890000 | shares |
ormp |
Shares Issued And Outstanding Percentage
SharesIssuedAndOutstandingPercentage
|
0.63 | pure | |
ormp |
Aggregate Face Amount
AggregateFaceAmount
|
99550000 | usd | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3694057 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3470361 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
4026508 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3477121 | shares |
us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px"> </td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>c.</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Revenue recognition</b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><i>HTIT</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">On November 30, 2015, the Company entered into a Technology License Agreement (the “TLA”), with Hefei Tianhui Incubator of Technologies Co. Ltd. (“HTIT”) and on December 21, 2015, the parties entered into an Amended and Restated Technology License Agreement that was further amended by the parties on June 3, 2016 and July 24, 2016 (the “HTIT License Agreement”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">As of June 30, 2023, an aggregate amount of $22,382 was allocated to the HTIT License Agreement, all of which were received through the balance sheet date. Through June 30, 2023, the Company recognized revenue associated with this agreement in the aggregate amount of $20,382, of which $1,340 was recognized in the six month period ended June 30, 2023, and deferred the remaining amount of $2,000, which is presented as long-term deferred revenues on the condensed consolidated balance sheet.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><i>Medicox</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">On November 13, 2022, the Company entered into a distribution license agreement (“Medicox License Agreement”) with Medicox Co., Ltd. (“Medicox”). The Medicox License Agreement grants Medicox an exclusive license to apply for regulatory approval and distribute ORMD-0801 in the Republic of Korea. For further details, see note 3a.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Under ASC 606, the Company identified Medicox as a customer and the Medicox License Agreement as a contract with a customer.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">The Company identified a performance obligation in the Medicox License Agreement to stand-ready and provide Medicox with support in its commercialization efforts in the Republic of Korea. This performance obligation includes a non-distinct distribution license for ORMD-0801, which the Company views a predominant item in the combined performance obligation. The Company concluded that the license is not distinct, as no party other than the Company is capable of providing related services to Medicox, and both the license and related services are necessary for the customer to obtain a regulatory approval in the Republic of Korea. In addition, the agreement covers the terms of future manufacturing services, that are contingent on the completion and success of the commercialization efforts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">The Medicox License Agreement contains a fixed consideration of $2,000, which was received by the Company in fiscal year 2022 and is presented under long-term deferred revenues as of June 30, 2023. It also contains variable consideration of contractual milestone payments and sales-based royalties.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">The Company’s obligation to stand-ready and support Medicox will be recognized on a straight-line basis over the period the Company expects to provide support to Medicox. As of June 30, 2023, this support has not commenced, and no revenue was recognized from the Medicox License Agreement.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">If Medicox proceeds with the regulatory approval process in the Republic of Korea, the Company expects most of the revenue to be recognized at a later stage. The Company notes that its Phase 3 trial did not meet its primary and secondary endpoints. If Medicox chooses to terminate the agreement as a result of the outcome of the applicable Phase 3 trials, the Company expects to accelerate revenue recognition and recognize it at such time.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><span style="font-size: 9pt"> </span></p> | ||
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
20382000 | usd | |
us-gaap |
Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
|
1340000 | usd | |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2000000 | usd |
us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
2000000 | usd | |
CY2022Q4 | ormp |
Right Terminate Years
RightTerminateYears
|
P10Y | |
CY2022Q4 | us-gaap |
Advances For Gas Exploration Development And Production Amount
AdvancesForGasExplorationDevelopmentAndProductionAmount
|
15000000 | usd |
CY2022Q4 | ormp |
Development Received Amount
DevelopmentReceivedAmount
|
2000000 | usd |
CY2022Q4 | ormp |
Royalties Percentage
RoyaltiesPercentage
|
0.15 | pure |
CY2023Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
2548000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
96000 | usd |
CY2023Q2 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
334000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
352000 | usd |
CY2023Q2 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
99000 | usd |
CY2022Q4 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
85000 | usd |
CY2023Q2 | us-gaap |
Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
|
510000 | usd |
CY2022Q4 | us-gaap |
Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
|
3306000 | usd |
CY2023Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
943000 | usd |
CY2022Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
3743000 | usd |
CY2023Q2 | us-gaap |
Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
|
595000 | usd |
CY2022Q4 | us-gaap |
Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
|
595000 | usd |
CY2023Q2 | us-gaap |
Other Investments
OtherInvestments
|
1000 | usd |
CY2023Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
510000 | usd |
ormp |
Gross Unrealized Gainslosses
GrossUnrealizedGainslosses
|
-10000 | usd | |
CY2023Q2 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
500000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
3306000 | usd |
CY2022 | ormp |
Gross Unrealized Gainslosses
GrossUnrealizedGainslosses
|
-82000 | usd |
CY2022Q4 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
3224000 | usd |
CY2022Q3 | ormp |
Aggregate Purchase Prices
AggregatePurchasePrices
|
2700000 | usd |
CY2022Q3 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.05 | pure |
us-gaap |
Dividend Income Equity Securities Operating
DividendIncomeEquitySecuritiesOperating
|
824000 | usd | |
CY2021Q3 | us-gaap |
Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
|
100000000 | usd |
CY2021Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
|
0.03 | pure |
CY2023Q2 | us-gaap |
Stockholders Equity Other Shares
StockholdersEquityOtherShares
|
1971447 | shares |
CY2023Q2 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
26253000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
26253000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
842000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
987000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
236000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
247000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
488000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
647000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
724000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
894000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
138000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
291000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
276000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
291000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
217000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
228000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
118000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
124000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
10000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
10000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
759000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
944000 | usd |
CY2023Q2 | us-gaap |
Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
|
35000 | usd |
CY2023Q2 | ormp |
Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
|
724000 | usd |
CY2022Q4 | ormp |
Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
|
894000 | usd |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
190000 | usd | |
CY2022Q4 | us-gaap |
Sponsor Fees
SponsorFees
|
88023000 | ils |
CY2022Q4 | us-gaap |
Sponsor Fees
SponsorFees
|
24000 | usd |
CY2022Q4 | us-gaap |
Salaries And Wages
SalariesAndWages
|
46901000 | ils |
CY2022Q4 | us-gaap |
Salaries And Wages
SalariesAndWages
|
13000 | usd |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
1 | ||
CY2023Q2 | us-gaap |
Liabilities Subject To Compromise Early Contract Termination Fees
LiabilitiesSubjectToCompromiseEarlyContractTerminationFees
|
3413000 | usd |
us-gaap |
Investment Company Expense After Reduction Of Fee Waiver And Reimbursement
InvestmentCompanyExpenseAfterReductionOfFeeWaiverAndReimbursement
|
1000000 | usd | |
CY2023Q2 | us-gaap |
Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
|
0.15 | pure |
us-gaap |
Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
|
0.03 | pure | |
CY2023Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
usd | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
38732636 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
38795318 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40225594 | shares |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | ||
ormp |
Gain On Amounts Funded In Respect Of Employee Rights Upon Retirement
GainOnAmountsFundedInRespectOfEmployeeRightsUponRetirement
|
usd | ||
ormp |
Proceeds From Funds In Respect Of Employee Rights Upon Retirement
ProceedsFromFundsInRespectOfEmployeeRightsUponRetirement
|
usd | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001176309 |