2022 Q1 Form 10-Q Financial Statement
#000165495422001646 Filed on February 14, 2022
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% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q1 | dei |
Entity Common Stock Shares Outstanding
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|
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CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
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Accounts Receivable Net Current
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|
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CY2021Q2 | us-gaap |
Accounts Receivable Net Current
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|
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Inventory Net
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|
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Inventory Net
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|
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Prepaid Expense And Other Assets Current
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Prepaid Expense And Other Assets Current
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Assets Current
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Property Plant And Equipment Net
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Property Plant And Equipment Net
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Operating Lease Right Of Use Asset
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Accrued Liabilities Current
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Operating Lease Liability Current
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Operating Lease Liability Current
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Short Term Finance Lease Liabilities
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|
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Short Term Finance Lease Liabilities
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|
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Investment Income Interest
InvestmentIncomeInterest
|
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CY2020Q4 | us-gaap |
Investment Income Interest
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|
4800 | USD |
CY2021Q2 | us-gaap |
Additional Paid In Capital
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|
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Retained Earnings Accumulated Deficit
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|
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Liabilities
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|
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
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Preferred Stock Value
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|
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Preferred Stock Value
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|
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License And Contract
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Gain Loss On Contract Termination
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|
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us-gaap |
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|
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us-gaap |
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|
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Foreign Currency Transaction Gain Loss Before Tax
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Foreign Currency Transaction Gain Loss Before Tax
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Foreign Currency Transaction Gain Loss Before Tax
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Nonoperating Income Expense
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|
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|
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|
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Earnings Per Share Basic And Diluted
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|
-0.06 | ||
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|
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|
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|
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Stockholders Equity
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|
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Stock Issued During Period Value Share Based Compensation
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|
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Restricted Stock Value Shares Issued Net Of Tax Withholdings
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|
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|
280000 | USD | |
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Option Exercises Amount
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Stockholders Equity
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Depreciation Depletion And Amortization
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Depreciation Depletion And Amortization
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|
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Gain On Termination Agreement
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|
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ptn |
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|
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ptn |
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Share Based Compensation
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|
1256168 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1683857 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-996452 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
446623 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-679986 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1818695 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-83104 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
213293 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-480470 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
458821 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
380822 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-399536 | USD | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-175825 | USD | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-145167 | USD | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
0 | USD | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
7091452 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12712413 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10607131 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
146862 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-146862 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
208270 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
89029 | USD | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
280000 | USD | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
16132 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
79903 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-89029 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-12779372 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-10696160 | USD | |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
60104919 | USD |
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
82852270 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
47325547 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
72156110 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
8404 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
9360 | USD | |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-367594492 | USD |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8686476 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-15799095 | USD | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
47325547 | USD |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
13863992 | USD |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2544120 | USD |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2503966 | USD |
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 |