2024 Q1 Form 10-K Financial Statement
#000121390024020485 Filed on March 06, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | $1.340M | |
YoY Change | -100.0% | -50.43% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.783M | $2.111M | $8.425M |
YoY Change | 23.22% | -32.86% | -46.21% |
% of Gross Profit | |||
Research & Development | $1.179M | $1.766M | $8.971M |
YoY Change | -73.37% | -75.73% | -67.54% |
% of Gross Profit | |||
Depreciation & Amortization | $56.00K | $53.00K | $196.0K |
YoY Change | 51.35% | 211.76% | 237.93% |
% of Gross Profit | |||
Operating Expenses | $1.179M | $3.877M | $8.971M |
YoY Change | -73.37% | -62.8% | -67.54% |
Operating Profit | -$2.962M | -$15.77M | |
YoY Change | -43.13% | -61.16% | |
Interest Expense | $592.0K | $17.17M | $2.037M |
YoY Change | -62.93% | 1610.46% | -41.35% |
% of Operating Profit | |||
Other Income/Expense, Net | $5.088M | $22.89M | |
YoY Change | 218.6% | 8571.97% | |
Pretax Income | $1.534M | $13.30M | $5.088M |
YoY Change | -142.48% | -252.2% | -54.42% |
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | $1.536M | $13.34M | $5.525M |
YoY Change | -142.54% | -256.1% | -114.63% |
Net Earnings / Revenue | 412.31% | ||
Basic Earnings Per Share | $0.04 | $0.14 | |
Diluted Earnings Per Share | $0.04 | $0.32 | $0.14 |
COMMON SHARES | |||
Basic Shares Outstanding | 40.52M shares | 40.34M shares | 40.32M shares |
Diluted Shares Outstanding | 41.56M shares | 40.57M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $18.94M | $119.6M | $162.0M |
YoY Change | -22.59% | 193.05% | 4.06% |
Cash & Equivalents | $18.58M | $9.055M | $9.055M |
Short-Term Investments | $367.0K | $110.6M | $153.0M |
Other Short-Term Assets | $501.0K | $537.0K | $537.0K |
YoY Change | -64.79% | -61.34% | -61.34% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $177.1M | $162.6M | $162.6M |
YoY Change | 14.14% | 3.48% | 3.48% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $819.0K | $873.0K | $1.567M |
YoY Change | -16.17% | 7.12% | -13.04% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $25.10M | $56.37M | $56.37M |
YoY Change | 827.26% | 1982.49% | 1982.49% |
Other Assets | $29.00K | $27.00K | $27.00K |
YoY Change | 20.83% | 12.5% | 12.5% |
Total Long-Term Assets | $26.56M | $57.97M | $57.97M |
YoY Change | 474.45% | 1178.78% | 1178.78% |
TOTAL ASSETS | |||
Total Short-Term Assets | $177.1M | $162.6M | $162.6M |
Total Long-Term Assets | $26.56M | $57.97M | $57.97M |
Total Assets | $203.7M | $220.6M | $220.6M |
YoY Change | 27.46% | 36.44% | 36.44% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.267M | $1.609M | $551.0K |
YoY Change | -68.75% | -61.3% | -74.67% |
Accrued Expenses | $254.0K | $267.0K | $1.325M |
YoY Change | 4.96% | 8.1% | -40.29% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $32.03M | $51.01M | $51.01M |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $33.56M | $53.21M | $53.21M |
YoY Change | 574.9% | 826.11% | 826.11% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $4.375M | $4.444M | $4.444M |
YoY Change | -6.12% | -6.24% | -6.24% |
Total Long-Term Liabilities | $4.375M | $4.444M | $4.444M |
YoY Change | -6.12% | -6.24% | -6.24% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $33.56M | $53.21M | $53.21M |
Total Long-Term Liabilities | $4.375M | $4.444M | $4.444M |
Total Liabilities | $37.93M | $57.66M | $56.73M |
YoY Change | 293.8% | 449.86% | 477.11% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$156.0M | -$157.6M | |
YoY Change | -6.28% | -3.39% | |
Common Stock | $322.7M | $321.4M | |
YoY Change | 66980.87% | 67416.18% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $166.6M | $163.8M | $163.8M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $203.7M | $220.6M | $220.6M |
YoY Change | 27.46% | 36.44% | 36.44% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.536M | $13.34M | $5.525M |
YoY Change | -142.54% | -256.1% | -114.63% |
Depreciation, Depletion And Amortization | $56.00K | $53.00K | $196.0K |
YoY Change | 51.35% | 211.76% | 237.93% |
Cash From Operating Activities | -$1.476M | -$1.418M | -$10.30M |
YoY Change | -73.4% | -82.41% | -63.12% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $2.000K | $3.000K | $254.0K |
YoY Change | -98.99% | -99.03% | -48.79% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $30.00M | $30.00M | -$72.78M |
YoY Change | -330.7% | 159.34% | -337.03% |
Cash From Investing Activities | $30.00M | $30.00M | -$73.04M |
YoY Change | -327.21% | 166.4% | -341.76% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $2.428M | ||
YoY Change | -77.13% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$19.00M | -25.00M | $51.98M |
YoY Change | -881.89% | -698.8% | 382.22% |
NET CHANGE | |||
Cash From Operating Activities | -$1.476M | -1.418M | -$10.30M |
Cash From Investing Activities | $30.00M | 30.00M | -$73.04M |
Cash From Financing Activities | -$19.00M | -25.00M | $51.98M |
Net Change In Cash | $9.521M | 3.579M | -$31.41M |
YoY Change | -158.2% | -51.46% | -341.46% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.476M | -$1.418M | -$10.30M |
Capital Expenditures | $2.000K | $3.000K | $254.0K |
Free Cash Flow | -$1.478M | -$1.421M | -$10.55M |
YoY Change | -74.29% | -83.02% | -62.87% |
Facts In Submission
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CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.94 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.94 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40315068 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38997649 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40566901 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
38997649 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
151156000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
9000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2428000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
4047000 | usd |
CY2023 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
165000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
5088000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
162893000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
166610000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
22000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
11500000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
62000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
11119000 | usd |
CY2022 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
390000 | usd |
CY2022 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
783000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-37764000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
151156000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
5088000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-37764000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
196000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
58000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
13000 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
2172000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1550000 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-16392000 | usd |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
763000 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4212000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11509000 | usd |
CY2023 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
9000 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
22000 | usd |
CY2023 | ormp |
Proceeds From Funds In Respect Of Employee Rights Upon Retirement
ProceedsFromFundsInRespectOfEmployeeRightsUponRetirement
|
3000 | usd |
CY2023 | ormp |
Accrued Interest On Shortterm Borrowings To Maturity
AccruedInterestOnShorttermBorrowingsToMaturity
|
1463000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-852000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-268000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-2225000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-376000 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
8000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-93000 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1340000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-703000 | usd |
CY2023 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
7000 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
2000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-38000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10295000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-27918000 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
254000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
496000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
24000 | usd |
CY2023 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
91369000 | usd |
CY2022 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
151700000 | usd |
CY2022 | us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
5000 | usd |
CY2023 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
99550000 | usd |
CY2022 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
2700000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
|
5000000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
109760000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
178200000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
3375000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
6886000 | usd |
CY2022 | ormp |
Funds In Respect Of Employee Rights Upon Retirement Investing Activities
FundsInRespectOfEmployeeRightsUponRetirementInvestingActivities
|
-2000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-73038000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
30211000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2428000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
11500000 | usd |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
62000 | usd |
CY2023 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
99550000 | usd |
CY2023 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
50000000 | usd |
CY2022 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
783000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
51978000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10779000 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-54000 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-64000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-31409000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
13008000 | 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 |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9055000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
40464000 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
100000 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
574000 | usd |
CY2023 | us-gaap |
Notes Issued1
NotesIssued1
|
5156000 | usd |
CY2022 | us-gaap |
Notes Issued1
NotesIssued1
|
1844000 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
730000 | usd |
CY2021Q1 | ormp |
Capital Stock Shares Issued
CapitalStockSharesIssued
|
1890000 | shares |
CY2021Q1 | ormp |
Shares Issued And Outstanding Percentage
SharesIssuedAndOutstandingPercentage
|
0.63 | pure |
CY2023Q1 | ormp |
Exhibited Over Percentage
ExhibitedOverPercentage
|
0.01 | pure |
CY2023Q3 | ormp |
Purchase Price
PurchasePrice
|
105000000 | usd |
CY2023Q3 | ormp |
Non Refundable Closing Fee
NonRefundableClosingFee
|
450000 | usd |
CY2023Q3 | ormp |
Additional Cash Paid
AdditionalCashPaid
|
5000000 | usd |
CY2023Q3 | ormp |
Debt Conversions Period
DebtConversionsPeriod
|
P18M | |
CY2023Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
101875000 | usd |
CY2023Q3 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
875000 | usd |
CY2023Q3 | us-gaap |
Loan Processing Fee
LoanProcessingFee
|
1000000 | usd |
CY2023Q3 | ormp |
Aggregate Face Amount
AggregateFaceAmount
|
99550000 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in"> </td> <td style="width: 0.5in"><b>c.</b></td> <td style="text-align: justify"><b>Use of estimates in the preparation of financial statements</b></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the financial statements date and the reported revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">As applicable to these consolidated financial statements, the most significant estimates and assumptions relate to stock-based compensation and to the investments at fair value (for further details, see note 4).</p> | |
CY2023Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
110555000 | usd |
CY2022Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
437000 | usd |
CY2023 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
20382000 | usd |
CY2023 | us-gaap |
Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
|
1340000 | usd |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2000000 | usd |
CY2023 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
2000000 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify"> </td> <td style="width: 0.5in; text-align: justify"><b>k.</b></td> <td style="text-align: justify"><b>Concentration of credit risks</b></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Financial instruments that subject the Company to credit risk consist primarily of cash and cash equivalents, short and long-term deposits, which are deposited in major financial institutions, marketable securities, and the Note (as defined herein). The Company is of the opinion that the credit risk in respect of these balances is remote, except for the Note (as defined herein) for which the credit risk is reflected in its fair value measurement (for further details, see note 4).</p> | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
0.50 | pure |
CY2023 | ormp |
Liability Is Expected
LiabilityIsExpected
|
P12Y | |
CY2023 | us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in"> </td> <td style="width: 0.5in"><b>m.</b></td> <td style="text-align: justify"><b>Revenue recognition</b></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><i>HTIT</i></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0 0pt 1in">On November 30, 2015, the Company entered into a Technology License Agreement, 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; text-align: justify; margin: 0pt 0 0pt 1in">As of December 31, 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 December 31, 2023, the Company recognized revenue associated with this agreement in the aggregate amount of $20,382, of which $1,340 was recognized in the twelve month period ended December 31, 2023, and deferred the remaining amount of $2,000, which is presented as long-term deferred revenues on the consolidated balance sheet.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><i>Medicox</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">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 8c.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Under ASC 606 “Revenue from Contracts with Customers,” 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; text-align: justify">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; text-align: justify">The Medicox License Agreement contains a fixed consideration of $2,000, which was received by the Company during the year ended December 31, 2022 and is currently presented under long-term deferred revenues. 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; text-align: justify">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 December 31, 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; text-align: justify">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, going forward. The Company notes that its Phase 3 trial did not meet its primary or secondary endpoints (see note 1a.1). If Medicox chooses to terminate the agreement as a result of the outcome of the Phase 3 trials, the Company will accelerate revenue recognition and recognize it at such time. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1227506 | shares |
CY2022 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3356203 | shares |
CY2023Q4 | us-gaap |
Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
|
P5Y | |
CY2023Q4 | us-gaap |
Deposit Assets
DepositAssets
|
95279000 | usd |
CY2022Q4 | us-gaap |
Deposit Assets
DepositAssets
|
111513000 | usd |
CY2023Q4 | us-gaap |
Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
|
595000 | usd |
CY2022Q4 | us-gaap |
Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
|
595000 | usd |
CY2023Q4 | us-gaap |
Other Investments
OtherInvestments
|
1000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
3306000 | usd |
CY2022 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-82000 | usd |
CY2022Q4 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
3224000 | usd |
CY2023Q4 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
5000000 | usd |
CY2023 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
3056000 | usd |
CY2023 | us-gaap |
Principal Transactions Revenue
PrincipalTransactionsRevenue
|
5000000 | usd |
CY2023 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
0.099 | pure |
CY2023 | ormp |
Warrant Expire
WarrantExpire
|
2027-11-10 | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0315 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0315 | pure |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
267000 | usd |
CY2023Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
101875000 | usd |
CY2023Q4 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
57713000 | usd |
CY2023Q4 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
35353000 | usd |
CY2023Q4 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
7801000 | usd |
CY2022Q3 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.05 | pure |
CY2023 | us-gaap |
Dividend Income Equity Securities Operating
DividendIncomeEquitySecuritiesOperating
|
824000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
551000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
2175000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
453000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
529000 | usd |
CY2022Q4 | ormp |
Accounts Payable To Institutions
AccountsPayableToInstitutions
|
11000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
605000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
1443000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1609000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
4158000 | usd |
CY2023Q3 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
99550 | usd |
CY2023 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
50000 | usd |
CY2023Q4 | ormp |
Short Term Debt Maturities Repayments Of Principal In Next Twelve Months
ShortTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
49550000 | usd |
CY2023Q4 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
49550000 | usd |
CY2023 | ormp |
Description Of License Agreement
DescriptionOfLicenseAgreement
|
According to the HTIT License Agreement, the Company granted HTIT an exclusive commercialization license in the territory of the People’s Republic of China, Macau and Hong Kong (the “Territory”), related to the Company’s oral insulin capsule, ORMD-0801 (the “Product”). Pursuant to the HTIT License Agreement, HTIT will conduct, at its own expense, certain pre-commercialization and regulatory activities with respect to the Subsidiary’s technology and ORMD-0801 capsule, and will pay to the Subsidiary (i) royalties of 10% on net sales of the related commercialized products to be sold by HTIT in the Territory (“Royalties”), and (ii) an aggregate of $37,500, of which $3,000 was payable immediately, $8,000 will be paid subject to the Company entering into certain agreements with certain third parties, and $26,500 will be paid upon achievement of certain milestones and conditions. In the event that the Company does not meet certain conditions, the Royalties rate may be reduced to a minimum of 8%. Following the final expiration of the Company’s patents covering the technology in the Territory in 2033, the Royalties rate may be reduced, under certain circumstances, to 5%. | |
CY2023 | ormp |
Milestone Payment
MilestonePayment
|
20500000 | usd |
CY2016Q1 | ormp |
Initial Payment
InitialPayment
|
3000000 | usd |
CY2020Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
6000000 | usd |
CY2020Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
2000000 | usd |
CY2023Q4 | us-gaap |
Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
|
2559000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
59000 | usd |
CY2023 | us-gaap |
Payments For Fees
PaymentsForFees
|
435 | ils |
CY2023 | us-gaap |
Payments For Fees
PaymentsForFees
|
120 | usd |
CY2022Q1 | us-gaap |
Area Of Land
AreaOfLand
|
264 | sqm |
CY2021Q1 | us-gaap |
Payments For Fees
PaymentsForFees
|
435 | ils |
CY2021Q1 | us-gaap |
Payments For Fees
PaymentsForFees
|
120 | usd |
CY2023 | us-gaap |
Other Expenses
OtherExpenses
|
236000 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
264000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
694000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
987000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
267000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
247000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
342000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
647000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
609000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
894000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y6M | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y4M28D | |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
214000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
282000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
222000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
120000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
10000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
634000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
609000 | usd |
CY2023 | us-gaap |
Legal Fees
LegalFees
|
850000 | usd |
CY2022Q3 | ormp |
Aggregate Purchase Prices
AggregatePurchasePrices
|
2700000 | usd |
CY2022Q3 | ormp |
Percentage Of Stock Issued
PercentageOfStockIssued
|
0.05 | pure |
CY2022Q3 | ormp |
Percentage Of Stock Outstanding
PercentageOfStockOutstanding
|
0.05 | pure |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
4.13 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
150705 | shares |
CY2022Q4 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
|
4.71 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
158375 | shares |
CY2021Q4 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
|
4.78 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
4200 | shares |
CY2022 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.8 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
130705 | shares |
CY2023 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageExercisePrice
|
4.8 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
3470 | shares |
CY2022 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageExercisePrice
|
7.81 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
20000 | shares |
CY2023Q4 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
|
4.13 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
150705 | shares |
CY2022Q4 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
|
4.71 | |
CY2023Q4 | ormp |
Sharebased Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
SharebasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
|
20000 | shares |
CY2023Q4 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Exercisable In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionExercisableInPeriodWeightedAverageExercisePrice
|
4.13 | |
CY2022Q4 | ormp |
Sharebased Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
SharebasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
|
150705 | shares |
CY2022Q4 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Exercisable In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionExercisableInPeriodWeightedAverageExercisePrice
|
4.71 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
150000 | shares |
CY2022Q1 | us-gaap |
Shortterm Debt Fair Value
ShorttermDebtFairValue
|
2084000 | usd |
CY2022Q1 | us-gaap |
Shares Issued
SharesIssued
|
18000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
12.03 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
82875 | shares |
CY2022Q1 | ormp |
Expired Terms
ExpiredTerms
|
2032-01-03 | |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
4500 | shares |
CY2023 | ormp |
Revaluation Of Securities Net
RevaluationOfSecuritiesNet
|
69000 | usd |
CY2022 | ormp |
Revaluation Of Securities Net
RevaluationOfSecuritiesNet
|
763000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
12.03 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
7500 | shares |
CY2022Q2 | ormp |
Expired Terms
ExpiredTerms
|
2032-05-02 | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
34000 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
8.47 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
|
The options will vest in four annual installments as follows: the first installment vested immediately on the grant date and the remaining three installments shall vest on each of December 31, 2022, 2023 and 2024. | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
665000 | usd |
CY2023Q2 | ormp |
Share Based Compensation Arrangement By Share Based Payment Aggregate Shares
ShareBasedCompensationArrangementByShareBasedPaymentAggregateShares
|
245500 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
550000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
20000 | shares |
CY2023Q2 | us-gaap |
Shortterm Debt Fair Value
ShorttermDebtFairValue
|
49000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
2.45 | |
CY2023Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
132000 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
110917 | shares |
CY2023 | us-gaap |
Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
|
663000 | usd |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1479426 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1261426 | shares |
CY2023Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
707000 | usd |
CY2023 | ormp |
Weighted Average Period
WeightedAveragePeriod
|
P0Y9M18D | |
CY2023 | ormp |
Share Based Payment Arrangemen Unrecognized Compensation Costs
ShareBasedPaymentArrangemenUnrecognizedCompensationCosts
|
2693 | usd |
CY2023 | ormp |
Share Based Payment Arrangement Compensation Expenses
ShareBasedPaymentArrangementCompensationExpenses
|
26000 | usd |
CY2022 | ormp |
Share Based Payment Arrangement Compensation Expenses
ShareBasedPaymentArrangementCompensationExpenses
|
92000 | usd |
CY2023 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
8016000 | usd |
CY2022 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
3473000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
|
176000 | usd |
CY2023 | us-gaap |
Interest Income Other
InterestIncomeOther
|
10000 | usd |
CY2022 | us-gaap |
Interest Income Other
InterestIncomeOther
|
100000 | usd |
CY2023 | ormp |
Revaluation Of Securities
RevaluationOfSecurities
|
16461000 | usd |
CY2023 | us-gaap |
Other Income
OtherIncome
|
143000 | usd |
CY2022 | us-gaap |
Other Income
OtherIncome
|
5000 | usd |
CY2023 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
24630000 | usd |
CY2022 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
3754000 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
124000 | usd |
CY2023 | us-gaap |
Noninterest Expense Commission Expense
NoninterestExpenseCommissionExpense
|
29000 | usd |
CY2022 | us-gaap |
Noninterest Expense Commission Expense
NoninterestExpenseCommissionExpense
|
14000 | usd |
CY2022 | us-gaap |
Debt Securities Gain Loss
DebtSecuritiesGainLoss
|
43000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-533000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
2838000 | usd |
CY2022 | us-gaap |
Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
|
100000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
100000 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
CY2022 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
CY2023 | ormp |
Fees Regarding Scilex Transaction
FeesRegardingScilexTransaction
|
1514000 | usd |
CY2023 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
2037000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-4332000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
7290000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
|
731000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
|
1152000 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-305000 | usd |
CY2023 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
3773000 | usd |
CY2022 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
820000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.80 | pure |
CY2023 | ormp |
Corporate Taxation Term
CorporateTaxationTerm
|
P20Y | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
27757000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
27610000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
2731000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
5195000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
|
2611000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
596000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
28473000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
32805000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
11604000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-11164000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-6516000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-26500000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5088000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-37664000 | usd |
CY2022 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
-100000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
100000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5088000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-37664000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | ormp |
Statutory Taxbenefit Expense
StatutoryTaxbenefitExpense
|
1068000 | usd |
CY2022 | ormp |
Statutory Taxbenefit Expense
StatutoryTaxbenefitExpense
|
-7909000 | usd |
CY2023 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
||
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
pure | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
11000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
11000 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
11000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
11000 | usd |
CY2022Q4 | us-gaap |
Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
|
32805000 | usd |
CY2023 | ormp |
Operating Loss Carryforwards Valuation Allowance Additions
OperatingLossCarryforwardsValuationAllowanceAdditions
|
4332000 | usd |
CY2023Q4 | us-gaap |
Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
|
28473000 | usd |
CY2021Q4 | us-gaap |
Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
|
26659000 | usd |
CY2022 | ormp |
Operating Loss Carryforwards Valuation Allowance Additions
OperatingLossCarryforwardsValuationAllowanceAdditions
|
-6146000 | usd |
CY2022Q4 | us-gaap |
Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
|
32805000 | usd |
CY2008Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
40 | usd |
CY2022Q4 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
331000 | usd |
CY2022Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
usd | |
CY2022Q4 | ormp |
Investments At Fair Value
InvestmentsAtFairValue
|
usd | |
CY2022Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
usd | |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
usd | |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | |
CY2022 | ormp |
Proceeds From Funds In Respect Of Employee Rights Upon Retirement
ProceedsFromFundsInRespectOfEmployeeRightsUponRetirement
|
usd | |
CY2022 | ormp |
Accrued Interest On Shortterm Borrowings To Maturity
AccruedInterestOnShorttermBorrowingsToMaturity
|
usd | |
CY2023 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
usd | |
CY2022 | us-gaap |
Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
|
usd | |
CY2023 | ormp |
Funds In Respect Of Employee Rights Upon Retirement Investing Activities
FundsInRespectOfEmployeeRightsUponRetirementInvestingActivities
|
usd | |
CY2023 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | |
CY2022 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
usd | |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
usd | |
CY2023 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
CY2023Q4 | ormp |
Accounts Payable To Institutions
AccountsPayableToInstitutions
|
usd | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
CY2023 | ormp |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
pure | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
|
usd | |
CY2022 | ormp |
Revaluation Of Securities
RevaluationOfSecurities
|
usd | |
CY2022 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
usd | |
CY2023 | us-gaap |
Debt Securities Gain Loss
DebtSecuritiesGainLoss
|
usd | |
CY2022 | ormp |
Fees Regarding Scilex Transaction
FeesRegardingScilexTransaction
|
usd | |
CY2022 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2023 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
usd | |
CY2022 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
usd | |
CY2023 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
usd | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
usd | |
CY2023 | us-gaap |
Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
|
usd | |
CY2023 | ormp |
Effective Income Tax Uncertain Tax Position
EffectiveIncomeTaxUncertainTaxPosition
|
usd | |
CY2022 | ormp |
Effective Income Tax Uncertain Tax Position
EffectiveIncomeTaxUncertainTaxPosition
|
usd | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
usd | |
CY2022 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001176309 |