2019 Q1 Form 10-K Financial Statement
#000119312519043624 Filed on February 19, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q4 | 2018 |
---|---|---|---|
Revenue | $0.00 | $153.0K | $153.0K |
YoY Change | -100.0% | -54.33% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.990M | $1.590M | $7.520M |
YoY Change | -2.93% | -13.59% | -0.66% |
% of Gross Profit | |||
Research & Development | $2.176M | $3.221M | $12.97M |
YoY Change | -32.44% | 24.36% | 26.58% |
% of Gross Profit | |||
Depreciation & Amortization | $50.00K | $50.00K | $231.0K |
YoY Change | -16.67% | -16.67% | -6.1% |
% of Gross Profit | |||
Operating Expenses | $4.957M | $5.267M | $20.55M |
YoY Change | -5.89% | 18.89% | 15.4% |
Operating Profit | -$4.957M | -$5.114M | -$20.40M |
YoY Change | -3.07% | 16.74% | |
Interest Expense | $0.00 | $106.0K | $186.0K |
YoY Change | -100.0% | -206.0% | -71.07% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.000K | -$1.000K | -$163.0K |
YoY Change | -200.0% | -71.94% | |
Pretax Income | -$5.160M | -$4.340M | -$20.56M |
YoY Change | -1.15% | -3.98% | 13.87% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$5.156M | -$5.221M | -$20.56M |
YoY Change | -1.24% | 15.51% | 13.88% |
Net Earnings / Revenue | -3412.42% | -13439.87% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$743.5K | -$869.7K | -$4.978M |
COMMON SHARES | |||
Basic Shares Outstanding | 8.028M | 46.93M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q1 | 2018 Q4 | 2018 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.150M | $2.560M | $2.560M |
YoY Change | 38.71% | -27.89% | -27.89% |
Cash & Equivalents | $2.146M | $2.563M | $2.560M |
Short-Term Investments | |||
Other Short-Term Assets | $1.230M | $720.0K | $720.0K |
YoY Change | 251.43% | 2.86% | 2.86% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $3.382M | $3.280M | $3.280M |
YoY Change | 64.81% | -22.75% | -22.82% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $354.0K | $394.0K | $390.0K |
YoY Change | -36.1% | -35.83% | -36.07% |
Goodwill | $10.05M | $10.85M | |
YoY Change | -7.91% | -0.63% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $200.0K | $200.0K | $200.0K |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Assets | $10.61M | $11.44M | $11.44M |
YoY Change | -9.11% | -2.46% | -2.47% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.382M | $3.280M | $3.280M |
Total Long-Term Assets | $10.61M | $11.44M | $11.44M |
Total Assets | $13.99M | $14.72M | $14.72M |
YoY Change | 1.95% | -7.85% | -7.88% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.611M | $1.183M | $1.180M |
YoY Change | 35.15% | 158.86% | 156.52% |
Accrued Expenses | $2.184M | $1.696M | $1.700M |
YoY Change | -11.9% | -21.55% | -21.3% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $0.00 | ||
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $3.795M | $2.879M | $2.880M |
YoY Change | -38.75% | -50.7% | -50.68% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.795M | $2.879M | $2.880M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $3.800M | $2.879M | $2.880M |
YoY Change | -38.71% | -50.71% | -50.68% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$199.7M | -$194.6M | |
YoY Change | 11.44% | 11.82% | |
Common Stock | $209.9M | $206.4M | |
YoY Change | 12.4% | 12.09% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.20M | $11.84M | $11.84M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $13.99M | $14.72M | $14.72M |
YoY Change | 1.95% | -7.85% | -7.88% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q4 | 2018 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.156M | -$5.221M | -$20.56M |
YoY Change | -1.24% | 15.51% | 13.88% |
Depreciation, Depletion And Amortization | $50.00K | $50.00K | $231.0K |
YoY Change | -16.67% | -16.67% | -6.1% |
Cash From Operating Activities | -$3.456M | -$4.160M | -$16.76M |
YoY Change | 10.59% | 29.6% | 15.78% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $10.00K | -$10.00K | $19.00K |
YoY Change | -66.67% | -74.32% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$10.00K | -$10.00K | -$19.00K |
YoY Change | -66.67% | -74.32% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $2.500M | $3.700M | |
YoY Change | 35.35% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.049M | 2.930M | 15.79M |
YoY Change | 170.3% | 565.91% | 13.46% |
NET CHANGE | |||
Cash From Operating Activities | -3.456M | -4.160M | -16.76M |
Cash From Investing Activities | -10.00K | -10.00K | -19.00K |
Cash From Financing Activities | 3.049M | 2.930M | 15.79M |
Net Change In Cash | -417.0K | -1.240M | -987.0K |
YoY Change | -79.12% | -55.71% | 56.17% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.456M | -$4.160M | -$16.76M |
Capital Expenditures | $10.00K | -$10.00K | $19.00K |
Free Cash Flow | -$3.466M | -$4.150M | -$16.78M |
YoY Change | 30.5% | 15.32% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
204000 | |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
204000 | |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
10845000 | |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
10914000 | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2563000 | |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3550000 | |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
717000 | |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
696000 | |
CY2018Q4 | us-gaap |
Assets Current
AssetsCurrent
|
3280000 | |
CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
4246000 | |
CY2018Q4 | us-gaap |
Assets
Assets
|
14723000 | |
CY2017Q4 | us-gaap |
Assets
Assets
|
15978000 | |
CY2018Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | |
CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
3221000 | |
CY2018Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1183000 | |
CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
457000 | |
CY2018Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1696000 | |
CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2162000 | |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2879000 | |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5840000 | |
CY2018Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
0 | |
CY2017Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
1000 | |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
2879000 | |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
5841000 | |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | |
CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14723000 | |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15978000 | |
CY2018Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
206409000 | |
CY2017Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
184139000 | |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-194565000 | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-174002000 | |
CY2018 | us-gaap |
Revenues
Revenues
|
153000 | |
CY2017 | us-gaap |
Revenues
Revenues
|
335000 | |
CY2018 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12966000 | |
CY2017 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10243000 | |
CY2018 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7518000 | |
CY2017 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7567000 | |
CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
20484000 | |
CY2017 | us-gaap |
Operating Expenses
OperatingExpenses
|
17810000 | |
CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-20331000 | |
CY2017 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-17475000 | |
CY2018 | us-gaap |
Interest Expense
InterestExpense
|
186000 | |
CY2017 | us-gaap |
Interest Expense
InterestExpense
|
643000 | |
CY2018 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
1000 | |
CY2017 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
34000 | |
CY2018 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-4.98 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
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|
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CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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-74000 | |
CY2017 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-9.32 | |
CY2018 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
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CY2017 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
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CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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CY2017 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
16310000 | |
CY2017 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2818000 | |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18056000 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10137000 | |
CY2018 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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2973000 | |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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CY2018 | us-gaap |
Profit Loss
ProfitLoss
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2017 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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246000 | |
CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2973000 | |
CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
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2818000 | |
CY2018 | pulm |
Fair Value Adjustment On Derivative Liability
FairValueAdjustmentOnDerivativeLiability
|
-1000 | |
CY2017 | pulm |
Fair Value Adjustment On Derivative Liability
FairValueAdjustmentOnDerivativeLiability
|
-34000 | |
CY2018 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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21000 | |
CY2017 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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119000 | |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
726000 | |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-290000 | |
CY2018 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-221000 | |
CY2017 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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754000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-16761000 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
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CY2018 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
19000 | |
CY2017 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
74000 | |
CY2018 | pulm |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
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CY2018 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
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-3259000 | |
CY2017 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
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CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13919000 | |
CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-987000 | |
CY2017 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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4182000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2563000 | |
CY2018Q4 | pulm |
Working Capital Deficit
WorkingCapitalDeficit
|
400000 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2018Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
243000 | |
CY2017Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
203000 | |
CY2018Q4 | pulm |
Prepaid Clinical Trials
PrepaidClinicalTrials
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419000 | |
CY2017Q4 | pulm |
Prepaid Clinical Trials
PrepaidClinicalTrials
|
421000 | |
CY2018Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
27000 | |
CY2017Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
44000 | |
CY2017Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1000 | |
CY2018Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
28000 | |
CY2017Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
27000 | |
CY2017Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
35000 | |
CY2017Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
3000 | |
CY2017Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3221000 | |
CY2018Q4 | pulm |
Debt Instrument Accretion Of Debt Discount
DebtInstrumentAccretionOfDebtDiscount
|
35000 | |
CY2018 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3000 | |
CY2018Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
59000 | |
CY2017Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
57000 | |
CY2018Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
915000 | |
CY2017Q4 | us-gaap |
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AccruedSalariesCurrent
|
1113000 | |
CY2018Q4 | pulm |
Accrued Clinical And Consulting Current
AccruedClinicalAndConsultingCurrent
|
517000 | |
CY2018 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2017Q4 | pulm |
Accrued Clinical And Consulting Current
AccruedClinicalAndConsultingCurrent
|
568000 | |
CY2018Q4 | pulm |
Accrued Legal And Patent Current
AccruedLegalAndPatentCurrent
|
67000 | |
CY2017Q4 | pulm |
Accrued Legal And Patent Current
AccruedLegalAndPatentCurrent
|
61000 | |
CY2017Q4 | pulm |
Accrued End Of Term Fee
AccruedEndOfTermFee
|
225000 | |
CY2018Q4 | us-gaap |
Deferred Rent Credit
DeferredRentCredit
|
67000 | |
CY2017Q4 | us-gaap |
Deferred Rent Credit
DeferredRentCredit
|
68000 | |
CY2018Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
71000 | |
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
70000 | |
CY2018Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
3014000 | |
CY2018 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y11M19D | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2510000 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3484000 | |
CY2018Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2116000 | |
CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2870000 | |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
394000 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
614000 | |
CY2018 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
231000 | |
CY2017 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
246000 | |
CY2018Q4 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
|
993000 | |
CY2017Q4 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
|
47000 | |
CY2018 | us-gaap |
Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
|
985000 | |
CY2017 | us-gaap |
Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
|
47000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
676000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
698000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1374000 | |
CY2018 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4703517 | |
CY2017 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
706589 | |
CY2018 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
2973000 | |
CY2017 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
2805000 | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
369619 | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
56.92 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
674104 | |
CY2018 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.68 | |
CY2018 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
71150 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
13.92 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
972573 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
23.85 | |
CY2018 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y5M16D | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
516.087 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
36.31 | |
CY2018 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P7Y10M2D | |
CY2018Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
0 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
959929 | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
24.04 | |
CY2018 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P8Y5M12D | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
149374000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
99230000 | |
CY2018Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
37640000 | |
CY2017Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
32820000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
3170000 | |
CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
2789000 | |
CY2017 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
12000 | |
CY2018Q4 | pulm |
Deferred Tax Assets Deferred Expense Capitalized Startup
DeferredTaxAssetsDeferredExpenseCapitalizedStartup
|
851000 | |
CY2017Q4 | pulm |
Deferred Tax Assets Deferred Expense Capitalized Startup
DeferredTaxAssetsDeferredExpenseCapitalizedStartup
|
983000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
520000 | |
CY2017Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
472000 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
44770000 | |
CY2017Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
38969000 | |
CY2018Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
44770000 | |
CY2017Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
38969000 | |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
0 | |
CY2017Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
0 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.062 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.050 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0.019 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0.009 | |
CY2018 | pulm |
Effective Income Tax Rate Reconciliation Nondeductible Expense Interest
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterest
|
0.000 | |
CY2017 | pulm |
Effective Income Tax Rate Reconciliation Nondeductible Expense Interest
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterest
|
-0.001 | |
CY2018 | pulm |
Effective Income Tax Rate Reconciliation Nondeductible Expense Permanent Differences
EffectiveIncomeTaxRateReconciliationNondeductibleExpensePermanentDifferences
|
-0.006 | |
CY2017 | pulm |
Effective Income Tax Rate Reconciliation Nondeductible Expense Permanent Differences
EffectiveIncomeTaxRateReconciliationNondeductibleExpensePermanentDifferences
|
-0.003 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.003 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.031 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.282 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.613 | |
CY2018 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2017 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2018 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
69000 | |
CY2018 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
22000 | |
CY2017 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
28000 | |
CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-232000 | |
CY2017 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-581000 | |
CY2018 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
69000 | |
CY2017 | pulm |
Noncash Rent Expense
NoncashRentExpense
|
21000 | |
CY2018 | pulm |
Non Cash Interest Expenses
NonCashInterestExpenses
|
35000 | |
CY2017 | pulm |
Non Cash Interest Expenses
NonCashInterestExpenses
|
171000 | |
CY2018 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
3000 | |
CY2018 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-8000 | |
CY2017 | pulm |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
16310000 | |
CY2017 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
304000 | |
CY2018 | pulm |
End Of Term Loan Payments
EndOfTermLoanPayments
|
-245000 | |
CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
131000 | |
CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
472000 | |
CY2018 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
19297000 | |
CY2017 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
304000 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.000 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
-0.977 | |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
2589000 | |
CY2017Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
1905000 | |
CY2018Q4 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
2162000 | |
CY2018 | pulm |
Cash Restricted For Letter Of Credit
CashRestrictedForLetterOfCredit
|
153000 | |
CY2018Q4 | us-gaap |
Deposits Money Market Deposits
DepositsMoneyMarketDeposits
|
51000 | |
CY2017 | pulm |
Cash Restricted For Letter Of Credit
CashRestrictedForLetterOfCredit
|
153000 | |
CY2017Q4 | us-gaap |
Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
|
0 | |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | |
CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4932723 | |
CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2104750 | |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4932723 | |
CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2104750 | |
CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3700000 | |
CY2018 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-12-31 | |
CY2018 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001574235 | |
CY2018 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2017 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | |
CY2018 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
5801000 | |
CY2018 | pulm |
Operating Loss Carryforwards Expiration Date Description
OperatingLossCarryforwardsExpirationDateDescription
|
Various dates from 2023 through 2038. | |
CY2018 | pulm |
Deferred Tax Assets Tax Credit Carryforwards Expiration Date Description
DeferredTaxAssetsTaxCreditCarryforwardsExpirationDateDescription
|
Various dates from 2022 through 2038. | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | |
CY2018 | pulm |
Milestone Payments
MilestonePayments
|
0 | |
CY2018Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
0 | |
CY2018Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
0 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
0 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
|
0 | |
CY2018Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
0 | |
CY2018 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | |
CY2018 | us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
3259000 | |
CY2018 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3000 | |
CY2018Q4 | pulm |
Accrued End Of Term Fee
AccruedEndOfTermFee
|
0 | |
CY2018 | dei |
Document Type
DocumentType
|
10-K | |
CY2018 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2018 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | |
CY2018 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2018 | dei |
Entity Registrant Name
EntityRegistrantName
|
Pulmatrix, Inc. | |
CY2018 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2018 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2018 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2018 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2018Q2 | dei |
Entity Public Float
EntityPublicFloat
|
17229294 | |
CY2018 | dei |
Trading Symbol
TradingSymbol
|
PULM | |
CY2018 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2018 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2018 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | |
CY2018 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2019Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
8027895 | |
CY2017 | pulm |
Decrease In Deferred Tax Assets
DecreaseInDeferredTaxAssets
|
17600000 | |
CY2017 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
17600000 | |
CY2016Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1172000 | |
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 | |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1109000 | |
CY2018 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
115000 | |
CY2018 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
20000 | |
CY2018Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1244000 | |
CY2018 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:12pt; margin-bottom:0pt"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates</div></div></div><div style="color: rgb(0, 0, 0); font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">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 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.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2018 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="color: rgb(0, 0, 0); font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentrations of Credit Risk</div></div></div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:6pt; margin-bottom:0pt"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Cash is a financial instrument that potentially subjects the Company to concentrations of credit risk. For all periods presented, substantially all of the Company’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.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> |