$PULM
Pulmatrix Inc

2018 Q1 Form 10-K Financial Statement

#000119312518080793 Filed on March 13, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 2016 Q4
Revenue $153.0K $335.0K $120.0K
YoY Change -59.88% -57.14%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.050M $7.570M $1.840M
YoY Change 25.0% -5.61% -12.38%
% of Gross Profit
Research & Development $3.221M $10.24M $2.770M
YoY Change 92.64% 0.9% 12.15%
% of Gross Profit
Depreciation & Amortization $60.00K $246.0K $70.00K
YoY Change -6.25% -1.6% 40.0%
% of Gross Profit
Operating Expenses $5.267M $17.81M $4.610M
YoY Change 59.03% -30.7% 0.88%
Operating Profit -$5.114M -$17.48M
YoY Change 54.41% -29.72%
Interest Expense $106.0K $643.0K -$230.0K
YoY Change -43.32% -27.01% 4.55%
% of Operating Profit
Other Income/Expense, Net -$1.000K -$581.0K -$70.00K
YoY Change -106.25% 28950.0% 250.0%
Pretax Income -$5.220M -$18.06M -$12.79M
YoY Change 50.0% -41.38% 181.72%
Income Tax $0.00 -$2.960M
% Of Pretax Income
Net Earnings -$5.221M -$18.06M -$9.830M
YoY Change 49.9% -35.15% 116.52%
Net Earnings / Revenue -3412.42% -5389.85% -8191.67%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.384M -$9.309M -$6.597M
COMMON SHARES
Basic Shares Outstanding 22.28M shares 14.70M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.550M $3.550M $4.180M
YoY Change -85.29% -15.07% -77.88%
Cash & Equivalents $1.553M $3.550M $4.182M
Short-Term Investments
Other Short-Term Assets $350.0K $700.0K $580.0K
YoY Change -14.63% 20.69% 181.55%
Inventory
Prepaid Expenses
Receivables $153.0K
Other Receivables $0.00
Total Short-Term Assets $2.052M $4.250M $4.759M
YoY Change -81.27% -10.71% -76.74%
LONG-TERM ASSETS
Property, Plant & Equipment $554.0K $610.0K $786.0K
YoY Change -23.27% -22.78% 14.74%
Goodwill $10.91M $10.91M
YoY Change 0.0% -31.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% -20.0%
Total Long-Term Assets $11.67M $11.73M $11.90M
YoY Change -1.42% -1.43% -51.24%
TOTAL ASSETS
Total Short-Term Assets $2.052M $4.250M $4.759M
Total Long-Term Assets $11.67M $11.73M $11.90M
Total Assets $13.72M $15.98M $16.66M
YoY Change -39.79% -4.08% -62.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.192M $460.0K $747.0K
YoY Change 407.23% -38.67% -31.47%
Accrued Expenses $2.479M $2.160M $1.317M
YoY Change 72.27% 63.64% -11.37%
Deferred Revenue
YoY Change
Short-Term Debt $2.520M $0.00 $0.00
YoY Change
Long-Term Debt Due $2.524M $3.220M $2.586M
YoY Change -5.15% 24.32% 151.31%
Total Short-Term Liabilities $6.196M $5.840M $4.650M
YoY Change 42.93% 25.59% 28.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $3.217M
YoY Change -100.0% -100.0% -43.48%
Other Long-Term Liabilities $0.00 $40.00K
YoY Change -100.0% 300.0%
Total Long-Term Liabilities $0.00 $0.00 $3.217M
YoY Change -100.0% -100.0% -43.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.196M $5.840M $4.650M
Total Long-Term Liabilities $0.00 $0.00 $3.217M
Total Liabilities $6.200M $5.840M $7.902M
YoY Change -10.04% -26.08% -35.58%
SHAREHOLDERS EQUITY
Retained Earnings -$179.2M -$155.9M
YoY Change 12.42% 21.73%
Common Stock $186.8M $164.7M
YoY Change 6.51% 2.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.528M $10.14M $8.761M
YoY Change
Total Liabilities & Shareholders Equity $13.72M $15.98M $16.66M
YoY Change -39.79% -4.08% -62.87%

Cashflow Statement

Concept 2018 Q1 2017 2016 Q4
OPERATING ACTIVITIES
Net Income -$5.221M -$18.06M -$9.830M
YoY Change 49.9% -35.15% 116.52%
Depreciation, Depletion And Amortization $60.00K $246.0K $70.00K
YoY Change -6.25% -1.6% 40.0%
Cash From Operating Activities -$3.125M -$14.48M -$2.500M
YoY Change 4.52% 9.34% -16.11%
INVESTING ACTIVITIES
Capital Expenditures $74.00K -$20.00K
YoY Change -83.74% -86.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 $20.00K
YoY Change -100.0%
Cash From Investing Activities -$74.00K $10.00K
YoY Change -82.79% -107.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.847M
YoY Change -80.96%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.128M 13.92M -640.0K
YoY Change -87.94% -1425.62%
NET CHANGE
Cash From Operating Activities -3.125M -14.48M -2.500M
Cash From Investing Activities -74.00K 10.00K
Cash From Financing Activities 1.128M 13.92M -640.0K
Net Change In Cash -1.997M -632.0K -3.130M
YoY Change -131.4% -95.71% 0.32%
FREE CASH FLOW
Cash From Operating Activities -$3.125M -$14.48M -$2.500M
Capital Expenditures $74.00K -$20.00K
Free Cash Flow -$14.55M -$2.480M
YoY Change 6.25% -12.37%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Concentrations of Credit Risk</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Cash is a financial instrument that potentially subjects the Company to concentrations of credit risk. For all periods presented, substantially all of the Company&#x2019;s cash was deposited in an account at a single financial institution that management believes is creditworthy. The Company is exposed to credit risk in the event of default by these financial institutions for amounts in excess of the Federal Deposit Insurance Corporation insured limits. The Company maintains its cash at a high quality financial institution and has not incurred any losses to date.</p> </div>
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CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-290000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
119000
CY2017 us-gaap Interest Expense
InterestExpense
643000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-74000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-14477000
CY2017 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 Segment
CY2017 us-gaap Operating Expenses
OperatingExpenses
17810000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
13919000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-18056000
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-17475000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
28000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
304000
CY2017 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-2695000
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10243000
CY2017 us-gaap Revenues
Revenues
335000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
2818000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2805000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
90597 shares
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M7D
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.19
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y8M23D
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.34
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
8.04
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y9M3D
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1095355 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
138425 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19371564 shares
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-11062000
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
16310000
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
304000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
59000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
122000
CY2017 dei Trading Symbol
TradingSymbol
PULM
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> In preparing consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of expenses during the reporting period. Due to inherent uncertainty involved in making estimates, actual results may differ from these estimates. On an ongoing basis, the Company evaluates its estimates and assumptions. These estimates and assumptions include valuing equity securities in share-based payments, estimating fair value of equity instruments recorded as derivative liabilities, estimating the useful lives of depreciable and amortizable assets, valuation allowance against deferred tax assets, goodwill impairment, and estimating the fair value of long-lived assets to assess whether impairment charges may apply.</p> </div>
CY2017 pulm Cash Restricted For Letter Of Credit
CashRestrictedForLetterOfCredit
153000
CY2017 pulm Noncash Rent Expense
NoncashRentExpense
21000
CY2017 pulm Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
16310000
CY2017 pulm Intrinsic Value Of Common Stock Warrants Outstanding
IntrinsicValueOfCommonStockWarrantsOutstanding
0
CY2017 pulm Non Cash Interest Expenses
NonCashInterestExpenses
171000
CY2017 pulm Fair Value Of Warrant Derivative Liabilities At Issuance Recorded As Debt Discount
FairValueOfWarrantDerivativeLiabilitiesAtIssuanceRecordedAsDebtDiscount
1000
CY2017 pulm Fair Value Adjustment On Derivative Liability
FairValueAdjustmentOnDerivativeLiability
-34000
CY2017 pulm Deferred Tax Assets Tax Credit Carryforwards Expiration Date Description
DeferredTaxAssetsTaxCreditCarryforwardsExpirationDateDescription
Various dates from 2022 through 2037.
CY2017 pulm Operating Loss Carryforwards Expiration Date Description
OperatingLossCarryforwardsExpirationDateDescription
Various dates from 2023 through 2037.
CY2017 pulm Operating Lease Agreement Amended Date
OperatingLeaseAgreementAmendedDate
2015-10-27
CY2017 pulm Effective Income Tax Rate Reconciliation Nondeductible Expense Permanent Differences
EffectiveIncomeTaxRateReconciliationNondeductibleExpensePermanentDifferences
-0.003 pure
CY2017 pulm Effective Income Tax Rate Reconciliation Writedown Of Intangible Asset
EffectiveIncomeTaxRateReconciliationWritedownOfIntangibleAsset
0.000 pure
CY2017 pulm Effective Income Tax Rate Reconciliation Nondeductible Expense Interest
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterest
-0.001 pure
CY2017 pulm Revenue From Technology Access Fees
RevenueFromTechnologyAccessFees
1000000
CY2017 pulm Transition Tax
TransitionTax
0
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6204179 shares
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2827000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-14720000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0
CY2016 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
16000
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
250000
CY2016 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-24000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2356000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2959000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-603000
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
250000
CY2016 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
184000
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.88
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.096 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.202 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.030 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.007 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000 pure
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-82000
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5029000
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8015000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-30802000
CY2016 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
7534000
CY2016 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
4575000
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-312000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2959000
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-346000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
86000
CY2016 pulm Noncash Rent Expense
NoncashRentExpense
43000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-983000
CY2016 us-gaap Interest Expense
InterestExpense
881000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-431000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-13243000
CY2016 us-gaap Operating Expenses
OperatingExpenses
25701000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1046000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-27843000
CY2016 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2000
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-24866000
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
455000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
24000
CY2016 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-1046000
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10152000
CY2016 us-gaap Revenues
Revenues
835000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
3998000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
3998000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M6D
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1171000
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
14815230 shares
CY2016 pulm Impairment Of Intangible Assets Excluding Goodwill After Tax
ImpairmentOfIntangibleAssetsExcludingGoodwillAfterTax
4575000
CY2016 pulm Cash Restricted For Letter Of Credit
CashRestrictedForLetterOfCredit
153000
CY2016 pulm Noncash Or Part Noncash Acquisition Fixed Assets Acquired Trade In Value
NoncashOrPartNoncashAcquisitionFixedAssetsAcquiredTradeInValue
60000
CY2016 pulm Non Cash Interest Expenses
NonCashInterestExpenses
212000
CY2016 pulm Fair Value Adjustment On Derivative Liability
FairValueAdjustmentOnDerivativeLiability
24000
CY2016 pulm Effective Income Tax Rate Reconciliation Nondeductible Expense Permanent Differences
EffectiveIncomeTaxRateReconciliationNondeductibleExpensePermanentDifferences
-0.005 pure
CY2016 pulm Effective Income Tax Rate Reconciliation Writedown Of Intangible Asset
EffectiveIncomeTaxRateReconciliationWritedownOfIntangibleAsset
0.056 pure
CY2016 pulm Effective Income Tax Rate Reconciliation Nondeductible Expense Interest
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterest
-0.001 pure

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