2022 Q1 Form 10-Q Financial Statement

#000165495422001646 Filed on February 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q3
Revenue $216.1K $250.0K $159.5K
YoY Change 143.51% -252.47% -155.27%
Cost Of Revenue $46.91K $29.17K $53.93K
YoY Change -15.39% -0.78% 114.01%
Gross Profit $169.2K $220.8K $105.6K
YoY Change 408.06% -214.2% -133.64%
Gross Profit Margin 78.29% 88.33% 66.18%
Selling, General & Admin $3.010M $3.318M $3.837M
YoY Change -24.95% -34.24% 64.55%
% of Gross Profit 1778.8% 1502.41% 3634.81%
Research & Development $4.980M $5.426M $3.485M
YoY Change 98.45% 35.27% 19.18%
% of Gross Profit 2943.5% 2457.28% 3301.53%
Depreciation & Amortization $44.09K $27.59K $12.56K
YoY Change 199.73% 165.03% -6.58%
% of Gross Profit 26.06% 12.49% 11.9%
Operating Expenses $8.037M $8.773M $7.375M
YoY Change 22.23% -3.44% 101.68%
Operating Profit -$7.820M -$8.451M -$7.216M
YoY Change 20.57% -8.63% 82.89%
Interest Expense $3.019K $2.773K $5.631K
YoY Change 48.21% -24.81%
% of Operating Profit
Other Income/Expense, Net $188.8K -$235.3K $103.1K
YoY Change -75.04% -68.29% 2119.93%
Pretax Income -$7.632M -$8.686M -$7.113M
YoY Change 33.19% -13.06% 80.49%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$7.632M -$8.686M -$7.113M
YoY Change 33.19% -13.06% 80.49%
Net Earnings / Revenue -3531.56% -3474.59% -4459.88%
Basic Earnings Per Share
Diluted Earnings Per Share -$31.96K -$36.46K -$29.86K
COMMON SHARES
Basic Shares Outstanding 231.7M shares 231.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.72M $47.33M $53.42M
YoY Change -45.05% -34.41% -38.3%
Cash & Equivalents $37.72M $47.33M $53.42M
Short-Term Investments
Other Short-Term Assets $2.705M $2.380M $2.947M
YoY Change -2.01% -6.93% 24.86%
Inventory $1.032M $1.079M $1.108M
Prepaid Expenses
Receivables $790.0K $584.0K $914.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $42.25M $51.37M $58.39M
YoY Change -46.78% -39.91% -41.48%
LONG-TERM ASSETS
Property, Plant & Equipment $544.6K $511.3K $140.0K
YoY Change -61.91% -58.43% -89.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $56.92K $56.92K $56.92K
YoY Change -0.01% -0.01% -0.01%
Total Long-Term Assets $1.570M $1.626M $1.343M
YoY Change 5.64% 26.38% -2.24%
TOTAL ASSETS
Total Short-Term Assets $42.25M $51.37M $58.39M
Total Long-Term Assets $1.570M $1.626M $1.343M
Total Assets $43.82M $52.99M $59.73M
YoY Change -45.82% -38.93% -40.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.403M $160.2K $762.8K
YoY Change 178.09% -86.36% -21.47%
Accrued Expenses $3.175M $6.178M $4.991M
YoY Change -42.73% 21.98% 21.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $99.60K $96.92K
YoY Change
Total Short-Term Liabilities $11.98M $13.86M $9.788M
YoY Change 19.33% 91.24% -22.64%
LONG-TERM LIABILITIES
Long-Term Debt $178.1K $204.9K $0.00
YoY Change
Other Long-Term Liabilities $2.955M $3.014M $6.168M
YoY Change -62.87% -74.23% -46.51%
Total Long-Term Liabilities $2.955M $3.014M $6.168M
YoY Change -62.87% -74.23% -46.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.98M $13.86M $9.788M
Total Long-Term Liabilities $2.955M $3.014M $6.168M
Total Liabilities $15.73M $17.80M $16.76M
YoY Change -12.58% -6.04% -30.68%
SHAREHOLDERS EQUITY
Retained Earnings -$375.2M -$367.6M -$358.9M
YoY Change
Common Stock $2.318M $2.317M $2.313M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.09M $35.20M $42.97M
YoY Change
Total Liabilities & Shareholders Equity $43.82M $52.99M $59.73M
YoY Change -45.82% -38.93% -40.95%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$7.632M -$8.686M -$7.113M
YoY Change 33.19% -13.06% 80.49%
Depreciation, Depletion And Amortization $44.09K $27.59K $12.56K
YoY Change 199.73% 165.03% -6.58%
Cash From Operating Activities -$9.491M -$6.289M -$6.424M
YoY Change 170.84% -56.39% -268.47%
INVESTING ACTIVITIES
Capital Expenditures -$77.40K -$89.10K -$57.76K
YoY Change 1253.15%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$77.40K -$89.10K -$57.76K
YoY Change 1253.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.13K 282.3K -$202.4K
YoY Change 705.42% -2606.66% 160.21%
NET CHANGE
Cash From Operating Activities -9.491M -6.289M -$6.424M
Cash From Investing Activities -77.40K -89.10K -$57.76K
Cash From Financing Activities -37.13K 282.3K -$202.4K
Net Change In Cash -9.606M -6.096M -$6.684M
YoY Change 173.3% -57.76% -278.94%
FREE CASH FLOW
Cash From Operating Activities -$9.491M -$6.289M -$6.424M
Capital Expenditures -$77.40K -$89.10K -$57.76K
Free Cash Flow -$9.414M -$6.200M -$6.366M
YoY Change 169.07% -57.01% -266.95%

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us-gaap Basis Of Accounting
BasisOfAccounting
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><strong> (2) BASIS OF PRESENTATION</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnote disclosures required to be presented for complete financial statements. In the opinion of management, these consolidated financial statements contain all adjustments (consisting of normal recurring adjustments) considered necessary for fair presentation. The results of operations for the three and six months ended December 31, 2021 may not necessarily be indicative of the results of operations expected for the full fiscal year.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2021, filed with the U.S. Securities and Exchange Commission (“SEC”), which includes consolidated financial statements as of June 30, 2021 and 2020 and for the fiscal years then ended.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><em>Use of Estimates</em> – The preparation of 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 date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2021Q4 ptn Description Of Finance Lease
DescriptionOfFinanceLease
lease obligations for two new finance leases, each with a term of three years.
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
47053506 USD
CY2021Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
59730428 USD
CY2021Q4 ptn Property And Equipment
PropertyAndEquipment
309791 USD
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
6798625 shares
ptn Accrued Expenses
AccruedExpenses
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><em>Accrued Expenses –</em> Third parties perform a significant portion of the Company’s development activities. The Company reviews the activities performed under all contracts each quarter and accrues expenses and the amount of any reimbursement to be received from its collaborators based upon the estimated amount of work completed considering milestones achieved. Estimating the value or stage of completion of certain services requires judgment based on available information. If the Company does not identify services performed for it but not billed by the service-provider, or if it underestimates or overestimates the value of services performed as of a given date, reported expenses will be understated or overstated.</p>
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
18194000 USD
us-gaap Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
2300000 USD
CY2021Q4 us-gaap Restricted Stock Expense
RestrictedStockExpense
242706 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
54854 USD
CY2021Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
84094 USD
CY2021Q4 ptn Accrued Expenses Inventory Purchases
AccruedExpensesInventoryPurchases
1917633 USD
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27828623 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
37207984 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
7123500 shares
CY2020Q3 ptn Contract Termination Agreement Payments
ContractTerminationAgreementPayments
12000000 USD
CY2021Q1 ptn Contract Termination Agreement Payments
ContractTerminationAgreementPayments
4300000 USD
CY2021Q4 ptn Other Research Related Expenses
OtherResearchRelatedExpenses
1163489 USD
CY2020Q3 ptn Inventory And Prepaid Expenses Estimated Fair Value
InventoryAndPrepaidExpensesEstimatedFairValue
5817795 USD
ptn Gain On License Termination Agreement
GainOnLicenseTerminationAgreement
1623795 USD
us-gaap Loss On Contract Termination
LossOnContractTermination
4407987 USD
CY2021Q2 ptn Net Loss
NetLoss
2784192 USD
ptn Agreement With Fosun
AgreementWithFosun
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><strong>(7) AGREEMENT WITH FOSUN</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">On September 6, 2017, the Company entered into a license agreement with Shanghai Fosun Pharmaceutical Development Co. Ltd. (“Fosun”) for exclusive rights to commercialize Vyleesi in China (the “Fosun License Agreement”). Under the terms of the agreement, the Company received $4,500,000 in October 2017, which consisted of an upfront payment of $5,000,000 less $500,000 that was withheld in accordance with tax withholding requirements in China and recorded as an expense. The Company will receive a $7,500,000 milestone payment when regulatory approval in China is obtained, provided that a commercial supply agreement for Vyleesi has been entered into. Palatin has the potential to receive up to $92,500,000 in additional sales related milestone payments and high single-digit to low double-digit royalties on net sales in the licensed territory. All development, regulatory, sales, marketing, and commercial activities and associated costs in the licensed territory will be the sole responsibility of Fosun. For the three and six months ended December 31, 2021, the Company recorded $250,000 of license and contract revenue from the Fosun License Agreement. </p>
CY2017Q4 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
4500000 USD
CY2017Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
5000000 USD
CY2017Q4 ptn Taxexpenses
taxexpenses
500000 USD
CY2017Q4 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
7500000 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
92500000 USD
CY2021Q4 us-gaap Revenues
Revenues
250000 USD
CY2017Q4 us-gaap Officers Compensation
OfficersCompensation
417500 USD
CY2017Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
500000 USD
CY2017Q4 ptn Taxexpenses
taxexpenses
82500 USD
CY2017Q4 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
3000000 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
37500000 USD
CY2021Q2 ptn Other Research Related Expenses
OtherResearchRelatedExpenses
569370 USD
CY2021Q4 ptn Prepaid Clinical Study Costs
PrepaidClinicalStudyCosts
36352 USD
CY2021Q2 ptn Prepaid Clinical Study Costs
PrepaidClinicalStudyCosts
454750 USD
CY2021Q4 ptn Prepaid Insurance Premiums
PrepaidInsurancePremiums
229365 USD
CY2021Q2 ptn Prepaid Insurance Premiums
PrepaidInsurancePremiums
259468 USD
CY2021Q4 ptn Vyleesi Contractual Advances
VyleesiContractualAdvances
1200000 USD
CY2021Q2 ptn Vyleesi Contractual Advances
VyleesiContractualAdvances
1200000 USD
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
913976 USD
CY2021Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1145461 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2379693 USD
CY2021Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3059679 USD
CY2021Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
47053506 USD
CY2021Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
59730428 USD
CY2021Q4 ptn Clinical Study Costs
ClinicalStudyCosts
1898088 USD
CY2021Q2 ptn Clinical Study Costs
ClinicalStudyCosts
778705 USD
CY2021Q2 ptn Accrued Expenses Inventory Purchases
AccruedExpensesInventoryPurchases
2340000 USD
CY2021Q4 ptn Accrued Selling Expenses
AccruedSellingExpenses
1027073 USD
CY2021Q2 ptn Accrued Selling Expenses
AccruedSellingExpenses
1839724 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
117063 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
185485 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6178200 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5797378 USD
CY2021Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
11049033 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7068033 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3013500 USD
CY2021Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3721907 USD
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6232907 USD
ptn Decription Of Commission
DecriptionOfCommission
The Company pays Canaccord 3.0% of the gross proceeds as a commission.
CY2021Q4 ptn Company Received
CompanyReceived
280000 USD
CY2021Q4 ptn Common Stock Share Issued
CommonStockShareIssued
350000 shares
CY2021Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.80
CY2021Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
380735 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
779547 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
955785 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
21882500 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.72
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P7Y2M12D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1034273 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
103150 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
118152 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.70
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
43600 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.37
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
73349 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.70
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
21750549 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.72
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
373722 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
13571910 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.75
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
370833 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8178639 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.68
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y7M6D
ptn Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestAggregateIntrinsicValue
2889 USD
ptn Unvested Performance Based Restricted Stock
UnvestedPerformanceBasedRestrictedStock
1605573 USD
ptn Unvested Performance Based Restricted Stock
UnvestedPerformanceBasedRestrictedStock
332785 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
476621 USD
CY2020Q4 us-gaap Restricted Stock Expense
RestrictedStockExpense
388720 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
728072 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
14840762 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
81117 shares
ptn Restricted Stock Vested In Period
RestrictedStockVestedInPeriod
-1624158 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
13135487 shares
ptn Vested Shares Not Issued
VestedSharesNotIssued
7123500 USD
CY2021Q2 ptn Performance Based Restricted Stock
PerformanceBasedRestrictedStock
450000 shares
CY2021Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.00
ptn Vesting Of Restricted Share
VestingOfRestrictedShare
372176 shares
ptn Aggregate Value
AggregateValue
208270 USD

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