2013 Q1 Form 10-K Financial Statement
#000119312513133515 Filed on March 29, 2013
Income Statement
Concept | 2013 Q1 | 2012 Q4 | 2011 Q4 |
---|---|---|---|
Revenue | $53.00K | $40.00K | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $12.93M | $620.0K | $940.0K |
YoY Change | 1624.0% | -34.04% | |
% of Gross Profit | |||
Research & Development | $13.77M | $1.140M | $1.550M |
YoY Change | 1093.33% | -26.45% | |
% of Gross Profit | |||
Depreciation & Amortization | $26.00K | $30.00K | $40.00K |
YoY Change | -35.0% | -25.0% | |
% of Gross Profit | |||
Operating Expenses | $14.45M | $1.750M | $2.490M |
YoY Change | 658.37% | -29.72% | |
Operating Profit | -$14.39M | ||
YoY Change | 655.59% | ||
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$3.000K | $0.00 | $40.00K |
YoY Change | -400.0% | -100.0% | |
Pretax Income | -$14.40M | -$1.710M | -$2.450M |
YoY Change | 646.11% | -30.2% | |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$14.40M | -$1.710M | -$2.450M |
YoY Change | 647.51% | -30.2% | |
Net Earnings / Revenue | -27164.15% | -4275.0% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$15.20B | -$2.334B | -$4.483B |
COMMON SHARES | |||
Basic Shares Outstanding | 321.6M shares | 158.7M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q1 | 2012 Q4 | 2011 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.64M | $5.130M | $500.0K |
YoY Change | 5355.56% | 926.0% | |
Cash & Equivalents | $19.64M | $5.127M | $503.0K |
Short-Term Investments | |||
Other Short-Term Assets | $150.0K | $260.0K | $240.0K |
YoY Change | 150.0% | 8.33% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $0.00 | $600.0K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $19.80M | $5.392M | $1.339M |
YoY Change | 1860.2% | 302.69% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $172.0K | $198.0K | $355.0K |
YoY Change | -46.25% | -44.23% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Total Long-Term Assets | $174.0K | $200.0K | $355.0K |
YoY Change | -45.63% | -43.66% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $19.80M | $5.392M | $1.339M |
Total Long-Term Assets | $174.0K | $200.0K | $355.0K |
Total Assets | $19.97M | $5.592M | $1.694M |
YoY Change | 1401.65% | 230.11% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $366.0K | $416.0K | $387.0K |
YoY Change | -51.2% | 7.49% | |
Accrued Expenses | $1.126M | $767.0K | $544.0K |
YoY Change | 108.52% | 40.99% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $10.00K | $30.00K |
YoY Change | -100.0% | -66.67% | |
Total Short-Term Liabilities | $1.958M | $1.679M | $1.776M |
YoY Change | -6.76% | -5.46% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $510.0K |
YoY Change | -100.0% | -100.0% | |
Other Long-Term Liabilities | $0.00 | $30.00K | $0.00 |
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $30.00K | $510.0K |
YoY Change | -100.0% | -94.12% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.958M | $1.679M | $1.776M |
Total Long-Term Liabilities | $0.00 | $30.00K | $510.0K |
Total Liabilities | $1.958M | $1.706M | $2.281M |
YoY Change | -36.84% | -25.21% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $17.16M | ||
YoY Change | |||
Common Stock | $32.00K | $16.00K | $10.00K |
YoY Change | 60.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $8.118M | -$5.840M | -$587.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $19.97M | $5.592M | $1.694M |
YoY Change | 1401.65% | 230.11% |
Cashflow Statement
Concept | 2013 Q1 | 2012 Q4 | 2011 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$14.40M | -$1.710M | -$2.450M |
YoY Change | 647.51% | -30.2% | |
Depreciation, Depletion And Amortization | $26.00K | $30.00K | $40.00K |
YoY Change | -35.0% | -25.0% | |
Cash From Operating Activities | -$1.128M | -$1.150M | -$2.810M |
YoY Change | -6.7% | -59.07% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$10.00K | -$10.00K | |
YoY Change | 0.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $10.00K | -$50.00K | |
YoY Change | -120.0% | ||
Cash From Investing Activities | $10.00K | -$60.00K | |
YoY Change | -116.67% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $15.65M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 15.64M | 0.000 | 2.950M |
YoY Change | 1448.91% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -1.128M | -1.150M | -2.810M |
Cash From Investing Activities | 10.00K | -60.00K | |
Cash From Financing Activities | 15.64M | 0.000 | 2.950M |
Net Change In Cash | 14.52M | -1.140M | 80.00K |
YoY Change | -7394.47% | -1525.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.128M | -$1.150M | -$2.810M |
Capital Expenditures | -$10.00K | -$10.00K | |
Free Cash Flow | -$1.128M | -$1.140M | -$2.800M |
YoY Change | -6.7% | -59.29% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1500000000 | shares |
CY2012Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2012Q1 | rxii |
Number Of Shares Authorized At Incorporation
NumberOfSharesAuthorizedAtIncorporation
|
1000 | shares |
CY2013Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
321627134 | shares |
CY2011Q3 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
1000 | |
CY2011Q3 | us-gaap |
Derivative Liability Fair Value Net1
DerivativeLiabilityFairValueNet1
|
||
CY2011Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
8722000 | |
CY2011Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2011Q3 | rxii |
Value Of Shares Agreed To Purchase Under Agreement
ValueOfSharesAgreedToPurchaseUnderAgreement
|
9500000 | |
CY2011Q3 | rxii |
Amount Of Investment
AmountOfInvestment
|
9500000 | |
CY2011Q3 | rxii |
Onetime Milestone Payment To Be Paid Under Agreement
OnetimeMilestonePaymentToBePaidUnderAgreement
|
350000 | |
CY2011Q3 | rxii |
Maximum Percentage Of Shares Owned By Stockholders
MaximumPercentageOfSharesOwnedByStockholders
|
0.09999 | pure |
CY2011Q3 | rxii |
Number Of Shares Agreed To Purchase Under Agreement
NumberOfSharesAgreedToPurchaseUnderAgreement
|
9500 | shares |
CY2012Q2 | dei |
Entity Public Float
EntityPublicFloat
|
10537000 | |
CY2003Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-89000 | |
CY2004Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-968000 | |
CY2005Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-450000 | |
CY2006Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-268000 | |
CY2007Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10823000 | |
CY2008Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8968000 | |
CY2009Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
741000 | |
CY2010Q4 | us-gaap |
Derivative Liability Fair Value Net1
DerivativeLiabilityFairValueNet1
|
3138000 | |
CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2430000 | |
CY2011Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1113000 | |
CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1500000000 | shares |
CY2011Q4 | us-gaap |
Due From Affiliate Current
DueFromAffiliateCurrent
|
597000 | |
CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1776000 | |
CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
186000 | |
CY2011Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
53000 | |
CY2011Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
816000 | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
53000 | |
CY2011Q4 | us-gaap |
Assets
Assets
|
1694000 | |
CY2011Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
53000 | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
503000 | |
CY2011Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
||
CY2011Q4 | us-gaap |
Valuation Allowance Amount
ValuationAllowanceAmount
|
1113000 | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2011Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
500000 | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
shares | |
CY2011Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2011Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
986000 | |
CY2011Q4 | us-gaap |
Capital Leased Assets Gross
CapitalLeasedAssetsGross
|
236000 | |
CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1694000 | |
CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
100439841 | shares |
CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
10000 | |
CY2011Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1113000 | |
CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
2281000 | |
CY2011Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
127000 | |
CY2011Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
29000 | |
CY2011Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
544000 | |
CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
355000 | |
CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
100439841 | shares |
CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1339000 | |
CY2011Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
10000000 | shares |
CY2011Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
3680000 | |
CY2011Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
0 | shares |
CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2011Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
93000 | |
CY2011Q4 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
646000 | |
CY2011Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-587000 | |
CY2011Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
5000 | |
CY2011Q4 | us-gaap |
Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
4277000 | |
CY2011Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
387000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
1900 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.11 | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3501000 | |
CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1500000000 | shares |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
90000000 | shares |
CY2012Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
138462 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1679000 | |
CY2012Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
212000 | |
CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
53000 | |
CY2012Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
491000 | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
53000 | |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
17157000 | |
CY2012Q4 | us-gaap |
Assets
Assets
|
5592000 | |
CY2012Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
53000 | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5127000 | |
CY2012Q4 | us-gaap |
Grants Receivable
GrantsReceivable
|
800000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
70000 | |
CY2012Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
27000 | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
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CY2012Q4 | us-gaap |
Valuation Allowance Amount
ValuationAllowanceAmount
|
2387000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.10 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
63847938 | shares |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
26152062 | shares |
CY2012Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
9726 | shares |
CY2012Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3054000 | |
CY2012Q4 | us-gaap |
Capital Leased Assets Gross
CapitalLeasedAssetsGross
|
26000 | |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5592000 | |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
158670223 | shares |
CY2012Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
801362084 | shares |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
16000 | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3501000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
13000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
4716656 | shares |
CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
282000 | |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
1706000 | |
CY2012Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
2000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
57000 | |
CY2012Q4 | us-gaap |
Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
|
9726000 | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
105000 | |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
5000 | |
CY2012Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
767000 | |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
198000 | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
57000 | |
CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
158670223 | shares |
CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
3000 | |
CY2012Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
10000000 | shares |
CY2012Q4 | us-gaap |
Assets Current
AssetsCurrent
|
5392000 | |
CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
11301000 | |
CY2012Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
9726 | shares |
CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
17000 | |
CY2012Q4 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
585000 | |
CY2012Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
CY2012Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
9726000 | |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5840000 | |
CY2012Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
950 | |
CY2012Q4 | us-gaap |
Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
17157000 | |
CY2012Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
7800000 | |
CY2012Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
416000 | |
CY2012Q4 | rxii |
Percentage Of Deferred Tax Assets Valuation Allowance
PercentageOfDeferredTaxAssetsValuationAllowance
|
1.00 | pure |
CY2012Q4 | rxii |
Number Of Common Shares Reserved For Future Issuance
NumberOfCommonSharesReservedForFutureIssuance
|
711223622 | shares |
CY2012Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio
StockholdersEquityNoteStockSplitConversionRatio
|
1004397.41 | Ratio |
CY2012Q2 | us-gaap |
Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
|
66959894 | shares |
us-gaap |
Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
-2611000 | ||
rxii |
Reclassification Of Derivative Liability Upon Elimination Of Obligation
ReclassificationOfDerivativeLiabilityUponEliminationOfObligation
|
9249000 | ||
CY2012Q2 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
9500 | shares |
CY2012Q2 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
1000000 | |
rxii |
Cash Contributions From Parent Company
CashContributionsFromParentCompany
|
2000 | ||
CY2011Q3 | us-gaap |
Stock Issued During Period Value Issued For Noncash Considerations
StockIssuedDuringPeriodValueIssuedForNoncashConsiderations
|
1.00 | |
CY2011Q3 | us-gaap |
Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
|
100 | shares |
CY2011Q3 | rxii |
Issuance Price Of Initial Shares
IssuancePriceOfInitialShares
|
0.01 | |
CY2011Q3 | rxii |
Maintenance Costs To Be Paid Under Agreement
MaintenanceCostsToBePaidUnderAgreement
|
100000 | |
CY2011Q3 | rxii |
Maximum Amount Of Funding
MaximumAmountOfFunding
|
1500000 | |
CY2011Q3 | rxii |
Percentage Of Royalty Required To Pay
PercentageOfRoyaltyRequiredToPay
|
0.01 | pure |
CY2011Q3 | rxii |
Percentage Of Fully Diluted Shares Issued Upon Completion Of Spin Off Transaction
PercentageOfFullyDilutedSharesIssuedUponCompletionOfSpinOffTransaction
|
0.05 | pure |
CY2003 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-89000 | |
CY2005 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2209000 | |
CY2005 | rxii |
Net Transactions With Parent
NetTransactionsWithParent
|
2727000 | |
CY2006 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2405000 | |
CY2006 | rxii |
Net Transactions With Parent
NetTransactionsWithParent
|
2587000 | |
CY2007 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10990000 | |
CY2007 | rxii |
Cash Contributions From Parent Company
CashContributionsFromParentCompany
|
15679000 | |
CY2007 | rxii |
Non Cash Equity Adjustments From Parent Company
NonCashEquityAdjustmentsFromParentCompany
|
4318000 | |
CY2007 | rxii |
Adjustments To Divisional Equity Share Based Compensation Requisite Service Period Recognition Value
AdjustmentsToDivisionalEquityShareBasedCompensationRequisiteServicePeriodRecognitionValue
|
1814000 | |
CY2009 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18387000 | |
CY2009 | rxii |
Cash Contributions From Parent Company
CashContributionsFromParentCompany
|
7714000 | |
CY2009 | rxii |
Non Cash Equity Adjustments From Parent Company
NonCashEquityAdjustmentsFromParentCompany
|
-1756000 | |
CY2009 | rxii |
Adjustments To Divisional Equity Share Based Compensation Requisite Service Period Recognition Value
AdjustmentsToDivisionalEquityShareBasedCompensationRequisiteServicePeriodRecognitionValue
|
4202000 | |
CY2010 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11993000 | |
CY2010 | rxii |
Cash Contributions From Parent Company
CashContributionsFromParentCompany
|
11640000 | |
CY2010 | rxii |
Non Cash Equity Adjustments From Parent Company
NonCashEquityAdjustmentsFromParentCompany
|
-2326000 | |
CY2010 | rxii |
Adjustments To Divisional Equity Share Based Compensation Requisite Service Period Recognition Value
AdjustmentsToDivisionalEquityShareBasedCompensationRequisiteServicePeriodRecognitionValue
|
4368000 | |
CY2011 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2551000 | |
CY2011 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-229000 | |
CY2011 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.28 | |
CY2011 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6624000 | |
CY2011 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P0Y | |
CY2011 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
36334413 | shares |
CY2011 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
4357000 | |
CY2011 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
163000 | |
CY2011 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
||
CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12770000 | |
CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
122000 | |
CY2011 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1113000 | |
CY2011 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10219000 | |
CY2011 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
53000 | |
CY2011 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6146000 | |
CY2011 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
||
CY2011 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
||
CY2011 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-10219000 | |
CY2011 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
||
CY2011 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
-79000 | |
CY2011 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-10219000 | |
CY2011 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
shares | |
CY2011 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
6190000 | |
CY2011 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
220000 | |
CY2011 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-884000 | |
CY2011 | rxii |
Research And Development Employee Stock Based Compensation Expense
ResearchAndDevelopmentEmployeeStockBasedCompensationExpense
|
513000 | |
CY2011 | rxii |
Research And Development Non Employee Stock Based Compensation Expense
ResearchAndDevelopmentNonEmployeeStockBasedCompensationExpense
|
-79000 | |
CY2011 | rxii |
Reclassification Of Derivative Liability Upon Elimination Of Obligation
ReclassificationOfDerivativeLiabilityUponEliminationOfObligation
|
9249000 | |
CY2011 | rxii |
Cash Contributions From Parent Company
CashContributionsFromParentCompany
|
1500000 | |
CY2011 | rxii |
Cash Contributions To Parent Company
CashContributionsToParentCompany
|
369000 | |
CY2011 | rxii |
Adjustments To Additional Paid In Capital Expenses Paid By Parent Company
AdjustmentsToAdditionalPaidInCapitalExpensesPaidByParentCompany
|
2058000 | |
CY2011 | rxii |
Net Income Loss Attributable To Predecessor Company
NetIncomeLossAttributableToPredecessorCompany
|
-7682000 | |
CY2011 | rxii |
Non Cash Equity Adjustments From Parent Company
NonCashEquityAdjustmentsFromParentCompany
|
-8083000 | |
CY2011 | rxii |
General And Administrative Employee Stock Based Compensation
GeneralAndAdministrativeEmployeeStockBasedCompensation
|
1675000 | |
CY2011 | rxii |
Predecessor Equity Instruments Issued To Other Than Employees
PredecessorEquityInstrumentsIssuedToOtherThanEmployees
|
114000 | |
CY2011 | rxii |
Adjustments To Divisional Equity Share Based Compensation Requisite Service Period Recognition Value
AdjustmentsToDivisionalEquityShareBasedCompensationRequisiteServicePeriodRecognitionValue
|
1987000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
6441000 | ||
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
12815000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
56182000 | ||
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
27637000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-95922000 | ||
us-gaap |
Revenue From Grants
RevenueFromGrants
|
97000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-88883000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
39837000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
598000 | ||
us-gaap |
Revenues
Revenues
|
97000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
|||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-101698000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-88883000 | ||
us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
36619000 | ||
rxii |
Research And Development Employee Stock Based Compensation Expense
ResearchAndDevelopmentEmployeeStockBasedCompensationExpense
|
3338000 | ||
rxii |
Research And Development Non Employee Stock Based Compensation Expense
ResearchAndDevelopmentNonEmployeeStockBasedCompensationExpense
|
6098000 | ||
rxii |
General And Administrative Employee Stock Based Compensation
GeneralAndAdministrativeEmployeeStockBasedCompensation
|
9498000 | ||
rxii |
Equity Instruments Issued To Other Than Employees
EquityInstrumentsIssuedToOtherThanEmployees
|
13000 | ||
rxii |
Research And Development Intangibles Purchased From Others
ResearchAndDevelopmentIntangiblesPurchasedFromOthers
|
6173000 | ||
rxii |
Predecessor Research And Development Intangibles Purchased From Others
PredecessorResearchAndDevelopmentIntangiblesPurchasedFromOthers
|
3954000 | ||
rxii |
Predecessor Equity Instruments Issued To Other Than Employees
PredecessorEquityInstrumentsIssuedToOtherThanEmployees
|
2689000 | ||
CY2004 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3272000 | |
CY2004 | rxii |
Net Transactions With Parent
NetTransactionsWithParent
|
2393000 | |
CY2008 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14373000 | |
CY2008 | rxii |
Cash Contributions From Parent Company
CashContributionsFromParentCompany
|
7944000 | |
CY2008 | rxii |
Non Cash Equity Adjustments From Parent Company
NonCashEquityAdjustmentsFromParentCompany
|
750000 | |
CY2008 | rxii |
Adjustments To Divisional Equity Share Based Compensation Requisite Service Period Recognition Value
AdjustmentsToDivisionalEquityShareBasedCompensationRequisiteServicePeriodRecognitionValue
|
3824000 | |
CY2012 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2012 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2012 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
CY2012 | dei |
Document Type
DocumentType
|
10-K | |
CY2012 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-12-31 | |
CY2012 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2011-09-08 | |
CY2012 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001533040 | |
CY2012 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2012 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2012 | dei |
Trading Symbol
TradingSymbol
|
RXII | |
CY2012 | dei |
Entity Registrant Name
EntityRegistrantName
|
RXI PHARMACEUTICALS CORP | |
CY2012 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2012 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2012 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2012 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
125000 | |
CY2012 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2012 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-484000 | |
CY2012 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
12815000 | |
CY2012 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
147000 | |
CY2012 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Concentrations of Credit Risk</i> — Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents. The Company maintains cash balances in several accounts with one bank, which at times are in excess of federally insured limits. The Company’s investment policy requires investment in any debt securities be at least “investment grade” by national ratings services. All of the non-interest bearing cash balances were fully insured at December 31, 2012 due to temporary federal program in effect from December 31, 2010 through December 31, 2012. Under the program, there is no limit to the amount of insurance for eligible accounts. Beginning 2013, insurance coverage will revert to $250,000 per depositor at each financial institution, and the non-interest bearing cash balances may again exceed federally insured limits. As of December 31, 2012, the Company did not have any balances in excess of federally insured limits.</font></p> </div> | |
CY2012 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Reclassifications</i> — Certain prior period items have been reclassified to conform to the current year presentation, which affect balance sheet presentation only.</font></p> </div> | |
CY2012 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.19 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
16000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
63847938 | shares |
CY2012 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10451000 | |
CY2012 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
|
0.65 | |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
13000 | |
CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P9Y4M21D | |
CY2012 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-298000 | |
CY2012 | us-gaap |
Operating Loss Carryforwards Expiration Dates
OperatingLossCarryforwardsExpirationDates
|
2031 | |
CY2012 | us-gaap |
Interest Paid
InterestPaid
|
30000 | |
CY2012 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
137213630 | shares |
CY2012 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
8000 | |
CY2012 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
2172000 | |
CY2012 | us-gaap |
Increase Decrease In Due To Other Related Parties Current
IncreaseDecreaseInDueToOtherRelatedPartiesCurrent
|
597000 | |
CY2012 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
968000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.10 | |
CY2012 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
147000 | |
CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
4624000 | |
CY2012 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
||
CY2012 | us-gaap |
Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
|
Three months or less | |
CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12975000 | |
CY2012 | us-gaap |
Revenue From Grants
RevenueFromGrants
|
97000 | |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
968000 | |
CY2012 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1000000 | |
CY2012 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
224000 | |
CY2012 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. Nature of Business</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Prior to April 13, 2011, Galena Biopharma, Inc. (“<b>Galena</b>” or the “<b>Parent Company</b>”) (formerly known as RXi Pharmaceuticals Corporation) was engaged primarily in conducting discovery research and preclinical development activities based on RNAi, and Galena’s financial statements for periods prior to April 13, 2011 reflected solely the assets, liabilities and results of operations attributable to Galena’s RNAi-based assets, liabilities and results of operations. On April 13, 2011, Galena broadened its strategic direction by adding the development and commercialization of cancer therapies that utilize peptide-based immunotherapy products, including a main product candidate, NeuVax, for the treatment of various cancers. On September 24, 2011, Galena contributed to RXi Pharmaceuticals Corporation (“<b>RXi</b>,” “<b>Registrant</b>,” or the “<b>Company</b>”), a newly formed subsidiary of Galena, substantially all of Galena’s RNAi-related technologies and assets. The newly formed RXi was incorporated on September 8, 2011 with the issuance of 100 initial shares at a price of $0.01 per share, for total consideration of $1.00. RXi was not engaged in any activities other than its initial incorporation from September 8, 2011 to September 23, 2011.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As a result of these transactions, certain historical financial information for the fiscal year ended December 31, 2011, as well as the cumulative period from inception (January 1, 2003) through December 31, 2012, has been “carved out” of the financial statements of Galena (the “Predecessor”) for such periods, and includes “carved out” activities through September 23, 2011. Such financial information is limited to Galena’s RNAi-related activities, assets and liabilities only, and excludes activities, assets and liabilities that are attributable to Galena’s cancer therapy activities.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The carved-out financial information includes both direct and indirect expenses. The historical direct expenses consist primarily of the various costs for technology license agreements, sponsored research agreements, fees paid to scientific advisors and employee expenses of employees directly involved in RNAi-related activities. Indirect expenses represent expenses incurred by Galena that were allocable to the RNAi business. The indirect expenses are based upon: (1) estimates of the percentage of time spent by Galena employees working on RNAi business matters, and (2) allocations of various expenses associated with the employees, including salary, benefits, rent associated with the employees’ office space, accounting and other general and administrative expenses. The percentage of time spent by Galena employees was multiplied by these allocable expenses to arrive at the total employee expenses allocable to the RNAi business and reflected in the carved out financial statements.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Management believes the assumptions underlying the carve-out financial information are reasonable; however, the financial position, expenses and cash flows may have been materially different if the RNAi business had operated as a stand-alone entity during the periods presented.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The financial statements reflect the recapitalization of our Predecessor’s divisional deficit as of September 24, 2011, the date Galena contributed assets to RXi. The recapitalization on September 24, 2011 reflects the elimination of the Predecessor’s divisional deficit of $1,730,000 and the issuance of 100,439,841 shares of RXi common stock, par value $0.0001, with a corresponding charge of $1,740,000 to deficit accumulated since incorporation and increase in par value of $10,000. No amounts were reflected in additional paid-in capital due to the divisional deficit at the date of the recapitalization.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">RXi was formed on September 8, 2011 and was not engaged in any activities other than its initial incorporation from September 8, 2011 to September 23, 2011. The RNAi business operated as a division of Galena prior to September 24, 2011. The balance of $17,157,000 in deficit accumulated since the development stage at December 31, 2012 includes RXi’s net loss of $15,417,000 for the period September 24, 2011 to December 31, 2012 and the Predecessor’s cumulative net loss of $73,466,000 through September 23, 2011 offset by cash and non-cash equity transactions of $71,726,000.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">To date, RXi’s principal activities, including that of its Predecessor, have consisted of conducting discovery research and preclinical development activities utilizing its RNAi therapeutic platform, acquiring RNAi technologies and patent rights through exclusive, co-exclusive and non-exclusive licenses, recruiting an RNAi-focused management and scientific/clinical advisory team, capital raising activities and conducting business development activities aimed at establishing research and development partnerships with pharmaceutical and larger biotechnology companies.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company and the Predecessor have generated significant losses since inception. Additionally, the Company has not generated any product revenues, nor are any revenues expected for the foreseeable future, and as such the Company is considered a development stage company for accounting purposes. The Company expects to incur significant operating losses for the foreseeable future while the Company advances its future product candidates from discovery through preclinical studies and clinical trials and seeks regulatory approval and potential commercialization, even if the Company is collaborating with pharmaceutical and larger biotechnology companies. The Company will need to generate significant revenues to achieve profitability and may never do so. On September 24, 2011, RXi entered into a contribution agreement with Galena pursuant to which:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Galena assigned and contributed to RXi substantially all of its RNAi-related technologies and assets, which consist primarily of novel RNAi compounds and licenses from Dharmacon, Inc., Northwestern University, the Carnegie Institute of Washington, and the University of Massachusetts Medical School relating to its RNAi technologies, as well as the lease of its former Worcester, Massachusetts laboratory facility, fixed assets and other equipment located at the facility and its employment arrangements with certain scientific, corporate and administrative personnel who became employees of RXi, as well as research grants from the National Institute of Neurological Disorders and Stroke, National Institute of Allergy and Infectious Diseases, and the National Institute of General Medical Sciences of approximately $800,000 that were subject to the approval of the granting institutions, which was received in 2012; and</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">RXi agreed to assume certain accrued expenses of the RXI-109 development program and all future obligations under the contributed licenses, employment arrangements and other agreements, and RXi agreed to make future milestone payments to Galena of up to $45 million, consisting of two one-time payments of $15 million and $30 million, respectively, if RXi achieves annual net sales equal to or greater than $500 million and $1 billion, respectively, of any covered products that may be developed with the contributed RNAi technologies.</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">On September 24, 2011, RXi entered into a securities purchase agreement (the “<b>Series A SPA</b>”) with Galena, Tang Capital Partners, LP (“<b>TCP</b>”) and RTW Investments, LLC (“<b>RTW</b>”) pursuant to which:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">TCP and RTW agreed to purchase a total of 9,500 shares of RXi’s Series A Convertible Preferred Stock (the “<b>Series A Preferred Stock</b>”), for an aggregate purchase price of $9,500,000, at the closing of the spin-off transaction (see below) and to lend RXi up to $1,500,000 to fund RXi’s operations prior to the closing, which would be applied against the $9,500,000 purchase price of the Series A Preferred Stock. The outstanding principal and accrued interest on the loan(s), along with the receipt of the remaining $9,500,000 purchase price, was converted into Series A Preferred Stock at the closing at a conversion price of $1,000 per share;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">RXi agreed that the Series A Preferred Stock would be convertible by TCP or RTW at any time into shares of RXi common stock, except to the extent that the holder would own more than 9.999% of the shares of RXi common stock outstanding immediately after giving effect to such conversion;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Galena contributed $1.5 million of cash to RXi;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Galena agreed to distribute to its stockholders 8% of the fully-diluted shares of common stock of RXi that will be outstanding immediately upon the completion of the spin-off transaction; and</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">RXi agreed to reimburse, upon completion of the spin-off transaction, Galena for up to a total of $300,000, and TCP and RTW for a total of up to $100,000, of transaction costs relating to the contribution agreement with Galena, the Series A SPA summarized above and the transactions contemplated by those agreements.</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">On April 27, 2012, the date of completion of RXi’s spinoff from Galena, the Company issued 9,500 of Series A Preferred Stock to TCP and RTW upon the conversion of approximately $1.0 million in principal and accrued interest under the bridge notes and the receipt of the remaining $8.5 million from TCP and RTW, as provided for in the Series A SPA. At the closing of the spin-off transaction, RXi reimbursed Galena and TCP $300,000 and $100,000, respectively, for transaction related expenses.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As part of the transactions contemplated by the contribution agreement and Series A SPA, on September 24, 2011, RXi entered into an agreement with Advirna, LLC (“<b>Advirna</b>”), a company affiliated with the Company’s former Senior Vice President and Chief Scientific Officer, pursuant to which:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Advirna assigned to RXi its existing patent and technology rights related to sd-rxRNA technology in exchange for RXi’s agreement to pay Advirna an annual $100,000 maintenance fee and a one-time $350,000 milestone payment upon the future issuance of the first patent with valid claims covering the assigned patent and technology rights;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">RXi will also be required to pay a 1% royalty to Advirna for any licensing revenue received by RXi with respect to future licensing of the assigned Advirna patent and technology rights;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">RXi has granted back to Advirna a license under the assigned patent and technology for fields of use outside the fields of human therapeutics and diagnostics; and</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">RXi agreed to issue to Advirna, upon the completion of the spin-off transaction, shares of RXi’s common stock equal to approximately 5% of the fully diluted shares of RXi common stock assuming the conversion in full of all outstanding Series A Preferred Stock. Accordingly, at the date of the completion of the spin-off, the Company issued 41,849,934 shares of common stock to Advirna. The Company recorded -research and development expense of $6,173,000 to recognize the fair value of the common shares issued in exchange for the sd-rxRNA patent and technology rights assigned to RXi by Advirna.</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">On March 6, 2013, RXi entered into a common stock purchase agreement (the “<b>Common Stock SPA</b>”) pursuant to which RXi agreed to issue 112,956,011 shares of common stock at a price of $0.145 per share. The gross proceeds from the offering, which closed on March 12, 2013, were approximately $16.4 million, and the net proceeds, after payment of commissions, were approximately $16.0 million. The Company believes that its existing cash and cash equivalents will be sufficient to fund the Company’s operations, including the planned Phase 2 program for RXI-109, into fiscal 2015.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We expect to incur significant operating losses as we advance our product candidates through the drug development and regulatory process. We have generated significant losses to date, have not generated any product revenue to date and may not generate product revenue in the foreseeable future, if ever. In the future, RXi will be dependent on obtaining funding from third parties, such as proceeds from the issuance of debt, sale of equity, funded research and development programs and payments under partnership and collaborative agreements, in order to maintain RXi’s operations and meet RXi’s obligations to licensors. There is no guarantee that debt, additional equity or other funding will be available to the Company on acceptable terms, or at all. If the Company fails to obtain additional funding when needed, RXi would be forced to scale back, or terminate the Company operations or to seek to merge with or to be acquired by another company.</font></p> </div> | |
CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y4M24D | |
CY2012 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
29000 | |
CY2012 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
224000 | |
CY2012 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2387000 | |
CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12880000 | |
CY2012 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
-9500000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
||
CY2012 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
19000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
shares | |
CY2012 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2621000 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9670000 | |
CY2012 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
3315000 | |
CY2012 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
||
CY2012 | us-gaap |
Revenues
Revenues
|
97000 | |
CY2012 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2012 | us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
699000 | |
CY2012 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
|
7.50 | |
CY2012 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
||
CY2012 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
8500000 | |
CY2012 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
26000 | |
CY2012 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-30000 | |
CY2012 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
500000 | |
CY2012 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6173000 | |
CY2012 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15000 | |
CY2012 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
3315000 | |
CY2012 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
13000 | |
CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-25695000 | |
CY2012 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
||
CY2012 | us-gaap |
Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
|
9500000 | |
CY2012 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
2000 | |
CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
114000 | |
CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-12880000 | |
CY2012 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
775210022 | shares |
CY2012 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
138000 | |
CY2012 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Uses of estimates in preparation of financial statements</i> — The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ materially from those estimates.</font></p> </div> | |
CY2012 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
223000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.07 | |
CY2012 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
29000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
CY2012 | us-gaap |
Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
|
2865000 | |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
|
-3315000 | |
CY2012 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
33000 | |
CY2012 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-1903000 | |
CY2012 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
3746000 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5062000 | |
CY2012 | rxii |
Future Milestone Payments
FutureMilestonePayments
|
45000000 | |
CY2012 | rxii |
Entity Incorporation Date Of Incorporation End Date
EntityIncorporationDateOfIncorporationEndDate
|
2011-09-23 | |
CY2012 | rxii |
Preferred Stock Beneficial Conversion Feature
PreferredStockBeneficialConversionFeature
|
9500000 | |
CY2012 | rxii |
Research And Development Employee Stock Based Compensation Expense
ResearchAndDevelopmentEmployeeStockBasedCompensationExpense
|
418000 | |
CY2012 | rxii |
Research And Development Non Employee Stock Based Compensation Expense
ResearchAndDevelopmentNonEmployeeStockBasedCompensationExpense
|
114000 | |
CY2012 | rxii |
Patent And Technology Rights Expenses
PatentAndTechnologyRightsExpenses
|
6173000 | |
CY2012 | rxii |
Adjustments To Additional Paid In Capital Expenses Paid By Parent Company
AdjustmentsToAdditionalPaidInCapitalExpensesPaidByParentCompany
|
699000 | |
CY2012 | rxii |
Maximum Annual Net Sales Achieve In First Payment
MaximumAnnualNetSalesAchieveInFirstPayment
|
500000000 | |
CY2012 | rxii |
Maximum Annual Net Sales Achieve In Second Payment
MaximumAnnualNetSalesAchieveInSecondPayment
|
1000000000 | |
CY2012 | rxii |
Non Cash Equity Transactions
NonCashEquityTransactions
|
71726000 | |
CY2012 | rxii |
Future Milestone Payments First Payment
FutureMilestonePaymentsFirstPayment
|
15000000 | |
CY2012 | rxii |
Future Milestone Payments Second Payment
FutureMilestonePaymentsSecondPayment
|
30000000 | |
CY2012 | rxii |
General And Administrative Employee Stock Based Compensation
GeneralAndAdministrativeEmployeeStockBasedCompensation
|
436000 | |
CY2012 | rxii |
Forfeiture Rate For Options Granted To Directors
ForfeitureRateForOptionsGrantedToDirectors
|
0.00 | pure |
CY2012 | rxii |
Forfeiture Rate For Options Granted To Employees
ForfeitureRateForOptionsGrantedToEmployees
|
0.050 | pure |
CY2012 | rxii |
Stock Issued During Period Shares Issued For Exchange Of Patent And Technology Rights
StockIssuedDuringPeriodSharesIssuedForExchangeOfPatentAndTechnologyRights
|
41849934 | shares |
CY2012 | rxii |
Distribution Ratio Description
DistributionRatioDescription
|
One share of RXi common stock for every one share of Galena common stock. | |
CY2012 | rxii |
Equity Instruments Issued To Other Than Employees
EquityInstrumentsIssuedToOtherThanEmployees
|
13000 | |
CY2012 | rxii |
Research And Development Intangibles Purchased From Others
ResearchAndDevelopmentIntangiblesPurchasedFromOthers
|
6173000 |