2023 Q2 Form 10-Q Financial Statement
#000165495423006575 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $1.760M | $1.196M | $216.1K |
YoY Change | 128.35% | 453.3% | 143.51% |
Cost Of Revenue | $100.0K | $129.2K | $46.91K |
YoY Change | 14.26% | 175.52% | -15.39% |
Gross Profit | $1.660M | $1.066M | $169.2K |
YoY Change | 142.97% | 530.32% | 408.06% |
Gross Profit Margin | 94.32% | 89.19% | 78.29% |
Selling, General & Admin | $5.070M | $3.537M | $3.010M |
YoY Change | -20.13% | 17.54% | -24.95% |
% of Gross Profit | 305.42% | 331.7% | 1778.8% |
Research & Development | $7.410M | $4.830M | $4.980M |
YoY Change | -0.35% | -3.01% | 98.45% |
% of Gross Profit | 446.39% | 452.94% | 2943.5% |
Depreciation & Amortization | $80.00K | $77.88K | $44.09K |
YoY Change | 88.55% | 76.64% | 199.73% |
% of Gross Profit | 4.82% | 7.3% | 26.06% |
Operating Expenses | $12.48M | $8.497M | $8.037M |
YoY Change | -9.46% | 5.73% | 22.23% |
Operating Profit | -$10.82M | -$7.301M | -$7.820M |
YoY Change | -17.41% | -6.64% | 20.57% |
Interest Expense | $100.0K | $3.434K | $3.019K |
YoY Change | -70.01% | 13.75% | |
% of Operating Profit | |||
Other Income/Expense, Net | $153.3K | $188.8K | |
YoY Change | -18.79% | -75.04% | |
Pretax Income | -$10.71M | -$7.148M | -$7.632M |
YoY Change | -16.12% | -6.34% | 33.19% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$10.71M | -$7.148M | -$7.632M |
YoY Change | -16.12% | -6.34% | 33.19% |
Net Earnings / Revenue | -608.52% | -597.81% | -3531.56% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.91 | -$0.63 | -$31.96K |
COMMON SHARES | |||
Basic Shares Outstanding | 11.52M shares | 11.15M shares | 231.7M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $11.00M | $19.63M | $37.72M |
YoY Change | -63.26% | -47.95% | -45.05% |
Cash & Equivalents | $10.98M | $19.63M | $37.72M |
Short-Term Investments | $3.000M | ||
Other Short-Term Assets | $1.900M | $2.278M | $2.705M |
YoY Change | -1.68% | -15.8% | -2.01% |
Inventory | $526.0K | $630.0K | $1.032M |
Prepaid Expenses | |||
Receivables | $2.916M | $1.699M | $790.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $16.32M | $24.24M | $42.25M |
YoY Change | -52.82% | -42.62% | -46.78% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $684.9K | $713.6K | $544.6K |
YoY Change | 27.0% | 31.02% | -61.91% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $56.92K | $56.92K | $56.92K |
YoY Change | 0.0% | 0.0% | -0.01% |
Total Long-Term Assets | $1.618M | $1.370M | $1.570M |
YoY Change | 9.71% | -12.77% | 5.64% |
TOTAL ASSETS | |||
Total Short-Term Assets | $16.32M | $24.24M | $42.25M |
Total Long-Term Assets | $1.618M | $1.370M | $1.570M |
Total Assets | $17.94M | $25.61M | $43.82M |
YoY Change | -50.27% | -41.55% | -45.82% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.304M | $2.786M | $2.403M |
YoY Change | 36.29% | 15.96% | 178.09% |
Accrued Expenses | $6.511M | $5.536M | $3.175M |
YoY Change | -5.3% | 74.34% | -42.73% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $100.0K | $105.0K | $99.60K |
YoY Change | -0.91% | 5.42% | |
Total Short-Term Liabilities | $15.13M | $11.85M | $11.98M |
YoY Change | -6.94% | -1.05% | 19.33% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $73.14K | $178.1K |
YoY Change | -100.0% | -58.94% | |
Other Long-Term Liabilities | $2.083M | $3.771M | $2.955M |
YoY Change | -27.19% | 27.63% | -62.87% |
Total Long-Term Liabilities | $2.083M | $3.771M | $2.955M |
YoY Change | -27.19% | 27.63% | -62.87% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $15.13M | $11.85M | $11.98M |
Total Long-Term Liabilities | $2.083M | $3.771M | $2.955M |
Total Liabilities | $17.81M | $16.02M | $15.73M |
YoY Change | -10.09% | 1.81% | -12.58% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$415.5M | -$404.8M | -$375.2M |
YoY Change | 7.1% | 7.89% | |
Common Stock | $116.6K | $111.5K | $2.318M |
YoY Change | 25.73% | -95.19% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $134.1K | $9.593M | $28.09M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $17.94M | $25.61M | $43.82M |
YoY Change | -50.27% | -41.55% | -45.82% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$10.71M | -$7.148M | -$7.632M |
YoY Change | -16.12% | -6.34% | 33.19% |
Depreciation, Depletion And Amortization | $80.00K | $77.88K | $44.09K |
YoY Change | 88.55% | 76.64% | 199.73% |
Cash From Operating Activities | -$9.610M | -$1.408M | -$9.491M |
YoY Change | 24.5% | -85.16% | 170.84% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $50.00K | $116.9K | -$77.40K |
YoY Change | -234.73% | -250.99% | 1253.15% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$2.990M | ||
YoY Change | |||
Cash From Investing Activities | -$3.050M | -$116.9K | -$77.40K |
YoY Change | 8118.81% | 50.99% | 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 | 1.010M | -25.32K | -37.13K |
YoY Change | -4237.65% | -31.81% | 705.42% |
NET CHANGE | |||
Cash From Operating Activities | -9.610M | -1.408M | -9.491M |
Cash From Investing Activities | -3.050M | -116.9K | -77.40K |
Cash From Financing Activities | 1.010M | -25.32K | -37.13K |
Net Change In Cash | -11.65M | -1.551M | -9.606M |
YoY Change | 49.74% | -83.86% | 173.3% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$9.610M | -$1.408M | -$9.491M |
Capital Expenditures | $50.00K | $116.9K | -$77.40K |
Free Cash Flow | -$9.660M | -$1.525M | -$9.414M |
YoY Change | 25.75% | -83.8% | 169.07% |
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CY2022Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
190719 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-352121 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
64000 | usd | |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
3434 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
3019 | usd |
us-gaap |
Interest Expense
InterestExpense
|
18523 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
11423 | usd | |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
153344 | usd |
CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
188827 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
138362 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
56677 | usd | |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-7147919 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-7631586 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-21502423 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-23430681 | usd | |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-4674999 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7147919 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7631586 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16827424 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-23430681 | usd | |
CY2023Q1 | ptn |
Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
|
-0.63 | |
CY2022Q1 | ptn |
Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
|
-0.80 | |
ptn |
Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
|
-1.59 | ||
ptn |
Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
|
-2.46 | ||
CY2023Q1 | ptn |
Weighted Average Number Of Common Shares Outstanding Used In Computing Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingUsedInComputingBasicAndDiluted
|
11432380 | shares |
CY2022Q1 | ptn |
Weighted Average Number Of Common Shares Outstanding Used In Computing Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingUsedInComputingBasicAndDiluted
|
9552214 | shares |
ptn |
Weighted Average Number Of Common Shares Outstanding Used In Computing Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingUsedInComputingBasicAndDiluted
|
10613830 | shares | |
ptn |
Weighted Average Number Of Common Shares Outstanding Used In Computing Basic And Diluted
WeightedAverageNumberOfCommonSharesOutstandingUsedInComputingBasicAndDiluted
|
9537768 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16343586 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
396757 | usd |
CY2023Q1 | ptn |
Redemption Of Convertible Series B Series C Preferred Stock
RedemptionOfConvertibleSeriesBSeriesCPreferredStock
|
0 | usd |
CY2023Q1 | ptn |
Warrant Exercises Amount
WarrantExercisesAmount
|
78 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7147919 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9592502 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16267875 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1188918 | usd | |
ptn |
Taxes Withheld Related To Restricted Stock Units Amount
TaxesWithheldRelatedToRestrictedStockUnitsAmount
|
-146062 | usd | |
ptn |
Redemption Of Convertible Series B Series C Preferred Stock Amount
RedemptionOfConvertibleSeriesBSeriesCPreferredStockAmount
|
0 | usd | |
ptn |
Sale Of Common Stock And Warrants Net Of Costs Amount
SaleOfCommonStockAndWarrantsNetOfCostsAmount
|
9109117 | usd | |
ptn |
Warrant Exercises Amount
WarrantExercisesAmount
|
78 | usd | |
ptn |
Reverse Stock Split Fractional Shares Amount
ReverseStockSplitFractionalSharesAmount
|
0 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16827424 | usd | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9592502 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35196307 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
533779 | usd |
CY2022Q1 | ptn |
Taxes Withheld Related To Restricted Stock Units Amount
TaxesWithheldRelatedToRestrictedStockUnitsAmount
|
-13041 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7631586 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28085459 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
49651372 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1789947 | usd | |
ptn |
Taxes Withheld Related To Restricted Stock Units Amount
TaxesWithheldRelatedToRestrictedStockUnitsAmount
|
-221311 | usd | |
ptn |
Warrant Exercises Amount
WarrantExercisesAmount
|
280000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
16132 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-23430681 | usd | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28085459 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
16827424 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
23430681 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
207278 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
84244 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
279023 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
268856 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-352121 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
64000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1188918 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1789947 | usd | |
ptn |
Gainloss On Purchase Commitment
GainlossOnPurchaseCommitment
|
1027322 | usd | |
ptn |
Gainloss On Purchase Commitment
GainlossOnPurchaseCommitment
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-80910 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-790438 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
345044 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-354793 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-314438 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-130012 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-407673 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
224258 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1762089 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1339183 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-2621964 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-278863 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-263235 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1010416 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1004400 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18813237 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22203901 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
381531 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-381531 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-224258 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
146062 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
221311 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9109117 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
75189 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
32050 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
78 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
280000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
16132 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8887944 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
42771 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-10306824 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-22385388 | usd | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29939154 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
60104919 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19632330 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
37719531 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
18523 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
11423 | usd | |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-404821120 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7147919 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16827424 | usd | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
19632330 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
11851363 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><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> | ||
CY2023Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
18930140 | usd |
CY2022Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
29740565 | usd |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Credit Risk</em> – Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, and accounts receivable. Total cash and cash equivalent balances have exceeded balances insured by the Federal Depository Insurance Company. Currently, product revenues and related accounts receivable are generated primarily from one specialty pharmacy.</p> | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2837912 | usd | |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2630634 | usd |
ptn |
Accrued Expensespolicytextblock
AccruedExpensespolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><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> | ||
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3425323 | shares |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1107775 | shares |
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
279700 | shares | |
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
280500 | shares | |
CY2020Q3 | ptn |
Contract Termination Agreement Payments
ContractTerminationAgreementPayments
|
12000000 | usd |
CY2021Q1 | ptn |
Contract Termination Agreement Payments
ContractTerminationAgreementPayments
|
4300000 | usd |
us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
18194000 | usd | |
us-gaap |
Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
|
2300000 | usd | |
CY2020Q3 | ptn |
Inventory And Prepaid Expenses Estimated Fair Value
InventoryAndPrepaidExpensesEstimatedFairValue
|
5817795 | usd |
CY2022Q2 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
1623795 | usd |
CY2021Q2 | us-gaap |
Loss On Contract Termination
LossOnContractTermination
|
4407987 | usd |
CY2021Q2 | ptn |
Net Loss
NetLoss
|
2784192 | usd |
us-gaap |
Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
|
1027322 | usd | |
CY2017Q3 | us-gaap |
Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
4500000 | usd |
CY2017Q3 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
5000000 | usd |
CY2017Q3 | ptn |
Taxexpenses
taxexpenses
|
500000 | usd |
CY2017Q3 | us-gaap |
Payments To Acquire Receivables
PaymentsToAcquireReceivables
|
7500000 | usd |
CY2017Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
|
92500000 | usd |
CY2023Q1 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
18930140 | 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 |
CY2023Q1 | ptn |
Prepaid Clinical Study Costs
PrepaidClinicalStudyCosts
|
118418 | usd |
CY2022Q2 | ptn |
Prepaid Clinical Study Costs
PrepaidClinicalStudyCosts
|
310573 | usd |
CY2023Q1 | ptn |
Prepaid Insurance Premiums
PrepaidInsurancePremiums
|
483661 | usd |
CY2022Q2 | ptn |
Prepaid Insurance Premiums
PrepaidInsurancePremiums
|
132413 | usd |
CY2023Q1 | ptn |
Vyleesi Contractual Advances
VyleesiContractualAdvances
|
815750 | usd |
CY2022Q2 | ptn |
Vyleesi Contractual Advances
VyleesiContractualAdvances
|
815750 | usd |
CY2023Q1 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
859669 | usd |
CY2022Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
673718 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
2277498 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
1932454 | usd |
CY2022Q2 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
29740565 | usd |
CY2023Q1 | ptn |
Clinical Study Costs
ClinicalStudyCosts
|
4398822 | usd |
CY2022Q2 | ptn |
Clinical Study Costs
ClinicalStudyCosts
|
3944798 | usd |
CY2023Q1 | ptn |
Other Research Related Expenses
OtherResearchRelatedExpenses
|
86034 | usd |
CY2022Q2 | ptn |
Other Research Related Expenses
OtherResearchRelatedExpenses
|
35172 | usd |
CY2023Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
7504 | usd |
CY2022Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
351257 | usd |
CY2023Q1 | ptn |
Personal Cost
PersonalCost
|
0 | usd |
CY2022Q2 | ptn |
Personal Cost
PersonalCost
|
1545896 | usd |
CY2023Q1 | ptn |
Accrued Selling Expenses
AccruedSellingExpenses
|
901347 | usd |
CY2022Q2 | ptn |
Accrued Selling Expenses
AccruedSellingExpenses
|
840703 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
142326 | usd |
CY2022Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
157390 | usd |
CY2023Q1 | ptn |
Tota Acrrued Liabilities
TotaAcrruedLiabilities
|
5536033 | usd |
CY2022Q2 | ptn |
Tota Acrrued Liabilities
TotaAcrruedLiabilities
|
6875216 | usd |
CY2023Q1 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
7837100 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
3122850 | usd |
CY2023Q1 | ptn |
Accrued Other Long Term Liabilities
AccruedOtherLongTermLiabilities
|
3771400 | usd |
CY2022Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
5754986 | usd |
CY2022Q2 | ptn |
Accrued Other Long Term Liabilities
AccruedOtherLongTermLiabilities
|
2861250 | usd |
us-gaap |
Accounts Receivable Purchase
AccountsReceivablePurchase
|
15750000 | usd | |
us-gaap |
Proceeds From Grantors
ProceedsFromGrantors
|
15000000 | usd | |
ptn |
Voting Of Shares Description
VotingOfSharesDescription
|
The holders of Series C Preferred Stock were entitled to 20,000 votes per share | ||
CY2022Q4 | ptn |
Description Of Securities Purchase
DescriptionOfSecuritiesPurchase
|
1,020,000 shares of the Company’s common stock, (ii) prefunded warrants (the “Pre-Funded Warrants”) to purchase up to 798,182 shares of the Company’s common stock, and (iii) common stock warrants (the “Common Warrants”) to purchase up to 1,818,182 shares of the Company’s common stock. Each share of common stock was offered with one accompanying Common Warrant with a combined offering price of $5.50. Each Pre-Funded Warrant was offered with one accompanying Common Warrant with a combined offering price of $5.4999 | |
CY2022Q4 | ptn |
Exercise Price Per Share Warrants Outstanding
ExercisePricePerShareWarrantsOutstanding
|
5.83 | |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.0001 | |
ptn |
Shares Of Common Stock
SharesOfCommonStock
|
798182 | shares | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
9109117 | usd | |
CY2023Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
194245 | usd |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
576786 | usd | |
CY2022Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
329146 | usd |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
1108693 | usd | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1163962 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
15.98 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P7Y1M6D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
33160 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.58 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
274440 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
12.00 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
38274 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
18.21 | ||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
884408 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
13.05 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y3M18D | ||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
430873 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
14.85 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y1M6D | ||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
0 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
453535 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
11.34 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P8Y4M24D | ||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | usd |
CY2022Q2 | ptn |
Unvested Performance Based Stock Options Granted To Executive Officers And Other Employees
UnvestedPerformanceBasedStockOptionsGrantedToExecutiveOfficersAndOtherEmployees
|
166233 | shares |
CY2022Q2 | ptn |
Unvested Performance Based Stock Options Granted
UnvestedPerformanceBasedStockOptionsGranted
|
18921 | shares |
CY2020Q2 | ptn |
Unvested Performances Based Restricted Stock Unit
UnvestedPerformancesBasedRestrictedStockUnit
|
87303 | usd |
CY2021Q2 | ptn |
Unvested Performances Based Restricted Stock Unit
UnvestedPerformancesBasedRestrictedStockUnit
|
95167 | usd |
CY2022Q2 | ptn |
Unvested Performances Based Restricted Stock Unit
UnvestedPerformancesBasedRestrictedStockUnit
|
60566 | usd |
CY2023Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
202512 | usd |
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
612132 | usd | |
CY2022Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
204633 | usd |
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
681254 | usd | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
649149 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
|
3312 | shares | |
ptn |
Restricted Stock Vested In Period
RestrictedStockVestedInPeriod
|
-84062 | shares | |
ptn |
Fractional Shares
FractionalShares
|
-6 | shares | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
561769 | shares |
CY2021Q2 | ptn |
Performance Based Restricted Stock
PerformanceBasedRestrictedStock
|
18000 | shares |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
50.00 | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
4674999 | usd |
ptn |
Decription Of Commission
DecriptionOfCommission
|
The Company pays Canaccord 3.0% of the gross proceeds as a commission |