$RKDA
Arcadia Biosciences, Inc.

2019 Q4 Form 10-K Financial Statement

#000156459020012875 Filed on March 25, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $420.0K $1.169M $440.0K
YoY Change -4.55% -20.15% -69.23%
Cost Of Revenue $560.0K $890.0K $230.0K
YoY Change 143.48% 34.85% 1050.0%
Gross Profit -$150.0K $280.0K $210.0K
YoY Change -171.43% -65.0% -85.11%
Gross Profit Margin -35.71% 23.95% 47.73%
Selling, General & Admin $3.200M $13.57M $3.020M
YoY Change 5.96% 16.92% 34.82%
% of Gross Profit 4845.36% 1438.1%
Research & Development $1.640M $7.098M $1.550M
YoY Change 5.81% 16.96% -28.57%
% of Gross Profit 2535.0% 738.1%
Depreciation & Amortization $60.00K $194.0K $30.00K
YoY Change 100.0% 25.97% -50.0%
% of Gross Profit 69.29% 14.29%
Operating Expenses $4.850M $20.55M $4.570M
YoY Change 6.13% 12.09% 3.63%
Operating Profit -$5.000M -$19.38M -$4.360M
YoY Change 14.68% 14.88% 45.33%
Interest Expense -$2.460M $5.000K $3.580M
YoY Change -168.72% -99.95%
% of Operating Profit
Other Income/Expense, Net $120.0K $466.0K $120.0K
YoY Change 0.0% 18.27% 200.0%
Pretax Income -$6.320M -$28.87M -$660.0K
YoY Change 857.58% 114.34% -77.78%
Income Tax -$10.00K $2.000K -$20.00K
% Of Pretax Income
Net Earnings -$6.240M -$28.81M -$650.0K
YoY Change 860.0% 113.69% -78.04%
Net Earnings / Revenue -1485.71% -2464.07% -147.73%
Basic Earnings Per Share
Diluted Earnings Per Share -$720.6K -$4.530M -$136.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.33M $25.33M $21.82M
YoY Change 16.09% 16.09% 67.59%
Cash & Equivalents $8.417M $8.420M $12.00M
Short-Term Investments $16.92M $16.92M $9.830M
Other Short-Term Assets $710.0K $710.0K $700.0K
YoY Change 1.43% 1.43% 25.0%
Inventory $1.794M $1.790M $181.0K
Prepaid Expenses
Receivables $602.0K $600.0K $165.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $28.44M $28.44M $22.88M
YoY Change 24.32% 24.3% 52.03%
LONG-TERM ASSETS
Property, Plant & Equipment $1.799M $3.760M $395.0K
YoY Change 355.44% 840.0% 32.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.000K $370.0K $7.000K
YoY Change 14.29% -50.67% -87.5%
Total Long-Term Assets $4.134M $4.130M $1.148M
YoY Change 260.1% 262.28% -24.62%
TOTAL ASSETS
Total Short-Term Assets $28.44M $28.44M $22.88M
Total Long-Term Assets $4.134M $4.130M $1.148M
Total Assets $32.57M $32.57M $24.02M
YoY Change 35.59% 35.6% 44.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.00K $530.0K $30.00K
YoY Change 33.33% 1666.67% 0.0%
Accrued Expenses $610.0K $4.800M
YoY Change
Deferred Revenue $42.00K $96.00K
YoY Change -56.25% -90.4%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00K $20.00K $0.00
YoY Change
Total Short-Term Liabilities $5.708M $5.710M $3.054M
YoY Change 86.9% 87.21% -13.36%
LONG-TERM LIABILITIES
Long-Term Debt $107.0K $110.0K $0.00
YoY Change
Other Long-Term Liabilities $2.000M $18.43M $3.072M
YoY Change -34.9% 125.86% 2.4%
Total Long-Term Liabilities $2.107M $18.54M $3.072M
YoY Change -31.41% 127.21% 2.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.708M $5.710M $3.054M
Total Long-Term Liabilities $2.107M $18.54M $3.072M
Total Liabilities $24.25M $24.87M $11.21M
YoY Change 116.33% 121.86% 30.9%
SHAREHOLDERS EQUITY
Retained Earnings -$207.2M -$178.4M
YoY Change 16.15% 6.64%
Common Stock $214.9M $191.2M
YoY Change 12.39% 9.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.705M $7.710M $12.82M
YoY Change
Total Liabilities & Shareholders Equity $32.57M $32.57M $24.02M
YoY Change 35.59% 35.6% 44.98%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$6.240M -$28.81M -$650.0K
YoY Change 860.0% 113.69% -78.04%
Depreciation, Depletion And Amortization $60.00K $194.0K $30.00K
YoY Change 100.0% 25.97% -50.0%
Cash From Operating Activities -$5.010M -$17.20M -$2.690M
YoY Change 86.25% 26.17% 0.0%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K $1.477M -$160.0K
YoY Change 275.0% 490.8%
Acquisitions
YoY Change
Other Investing Activities -$6.480M -$6.890M $8.180M
YoY Change -179.22% 20.24% -7.88%
Cash From Investing Activities -$7.080M -$8.369M $8.020M
YoY Change -188.28% 40.07% -9.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00K 21.99M 0.000
YoY Change -2.19%
NET CHANGE
Cash From Operating Activities -5.010M -17.20M -2.690M
Cash From Investing Activities -7.080M -8.369M 8.020M
Cash From Financing Activities -20.00K 21.99M 0.000
Net Change In Cash -12.11M -3.581M 5.330M
YoY Change -327.2% -224.64% -13.89%
FREE CASH FLOW
Cash From Operating Activities -$5.010M -$17.20M -$2.690M
Capital Expenditures -$600.0K $1.477M -$160.0K
Free Cash Flow -$4.410M -$18.68M -$2.530M
YoY Change 74.31% 34.54% -5.95%

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OfferingCostsIncurredDuringNoncashOrPartialNoncashTransactionIncludedInAccountsPayableAndAccruedExpenses
20000
CY2018 rkda Offering Costs Incurred During Noncash Or Partial Noncash Transaction Included In Accounts Payable And Accrued Expenses
OfferingCostsIncurredDuringNoncashOrPartialNoncashTransactionIncludedInAccountsPayableAndAccruedExpenses
23000
CY2019 rkda Reclassification Of Common Stock Warrant Liability Balance With Warrant Exercises
ReclassificationOfCommonStockWarrantLiabilityBalanceWithWarrantExercises
7016000
CY2018 rkda Reclassification Of Unearned Revenue To Other Short Term Liabilities
ReclassificationOfUnearnedRevenueToOtherShortTermLiabilities
259000
CY2018 rkda Adjustments To Additional Paid In Capital Reclassification Of Common Stock Warrant To Liability
AdjustmentsToAdditionalPaidInCapitalReclassificationOfCommonStockWarrantToLiability
8378000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2328000
CY2019 rkda Right Of Use Assets Obtained Through Modification Of Existing Lease Agreement
RightOfUseAssetsObtainedThroughModificationOfExistingLeaseAgreement
194000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
139000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:5.24%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions in the Company&#8217;s consolidated financial statements and notes thereto. Significant estimates and assumptions made by management included the determination of the provision for income taxes, stock-based compensation, fair value of certain equity instruments, and net realizable value of inventory. Management bases its estimates on historical experience and on various other market-specific and relevant assumptions that management believes to be reasonable under the circumstances. Actual results could differ from those estimates.</p>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:8pt;margin-bottom:0pt;text-indent:5.24%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of Risk</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company seeks to mitigate its credit risks by spreading such risks across multiple counterparties and monitoring the risk profiles of these counterparties.</p>
CY2019 rkda Entity Incorporation Year Of Incorporation
EntityIncorporationYearOfIncorporation
2002
CY2019 rkda Entity Reincorporation State Country Name
EntityReincorporationStateCountryName
Delaware
CY2019 rkda Entity Reincorporation Date Of Reincorporation
EntityReincorporationDateOfReincorporation
2015-03
CY2019 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1:20
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2019Q4 rkda Inventory Raw Materials Current And Non Current
InventoryRawMaterialsCurrentAndNonCurrent
67000
CY2019Q4 rkda Inventory Goods In Process Current And Non Current
InventoryGoodsInProcessCurrentAndNonCurrent
188000
CY2019 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.05
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2287000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1550000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
96000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6442000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5196000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4643000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4801000
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
24678000
CY2019 dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
Arizona
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
24679000
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
21072000
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
21072000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
24679000
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
21072000
CY2019 us-gaap Variable Interest Entity Terms Of Arrangements
VariableInterestEntityTermsOfArrangements
Both the Company and Bioceres incur expenses in support of specific activities agreed, as defined by joint work plans, which apply fair market value to each partner’s activities. Unequal contributions of services are equalized by the partners through cash payments. Verdeca is not the primary obligor for these activities performed by the Company or Bioceres. An agreement executed in conjunction with the formation of Verdeca specified that if Bioceres determines it requires cash to fund its contributed services (subject to certain annual limits), Bioceres, S.A. may elect to sell shares of its common stock to the Company for an amount not exceeding $5.0
CY2019 rkda Contributed Services Period
ContributedServicesPeriod
P4Y
CY2019 us-gaap Variable Interest Entity Activity Between Vie And Entity Expense
VariableInterestEntityActivityBetweenVIEAndEntityExpense
559000
CY2018 us-gaap Variable Interest Entity Activity Between Vie And Entity Expense
VariableInterestEntityActivityBetweenVIEAndEntityExpense
947000
CY2019Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
492000
CY2018Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
285000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1290000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1096000
CY2019Q4 rkda Accrued Inventory
AccruedInventory
1143000
CY2018Q4 rkda Accrued Inventory
AccruedInventory
0
CY2019Q4 rkda Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
629000
CY2018Q4 rkda Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
433000
CY2019Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
226000
CY2018Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
187000
CY2019Q4 rkda Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
397000
CY2018Q4 rkda Accrued Consulting Fees Current
AccruedConsultingFeesCurrent
92000
CY2019Q4 rkda Accrued Rent And Utilities Current
AccruedRentAndUtilitiesCurrent
23000
CY2018Q4 rkda Accrued Rent And Utilities Current
AccruedRentAndUtilitiesCurrent
91000
CY2019Q4 rkda Accrued Audit And Tax Fees
AccruedAuditAndTaxFees
113000
CY2018Q4 rkda Accrued Audit And Tax Fees
AccruedAuditAndTaxFees
23000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
138000
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
285000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
234000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
153000
CY2019Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08
CY2019 us-gaap Debt Instrument Term
DebtInstrumentTerm
P5Y
CY2019 rkda Notes Payable Maturity Year
NotesPayableMaturityYear
2024
CY2018Q4 us-gaap Notes Payable
NotesPayable
0
CY2019 rkda Period Of Trading Days Taken For Calculation Of Volume Weighted Average Price
PeriodOfTradingDaysTakenForCalculationOfVolumeWeightedAveragePrice
P3D
CY2019 rkda Percentage Of Volume Weighted Average Price Of Common Stock
PercentageOfVolumeWeightedAveragePriceOfCommonStock
0.80
CY2019 rkda Percentage Of Volume Weighted Average Price Of Warrant
PercentageOfVolumeWeightedAveragePriceOfWarrant
1.10
CY2019Q4 us-gaap Share Price
SharePrice
32.52
CY2019Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2019 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
4000000
CY2019 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
10000000
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
50000000
CY2019Q4 rkda Fair Value Of Common Stock Warrants At Inception
FairValueOfCommonStockWarrantsAtInception
9000000
CY2019Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
226000
CY2019 rkda Number Of Equity Incentive Plans
NumberOfEquityIncentivePlans
2
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
288129
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
302077
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
44354
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4006
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
11802
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
530044
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
208571
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
546
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
30132
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
46236
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
661701
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
654170
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
410270
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
63.62
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.65
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
21.73
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
14.21
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
43.73
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.53
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.13
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.63
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
33.95
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
98.69
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.60
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
21.74
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
29.24
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
305000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
301000
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
192000
CY2019 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 Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2200000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1300000
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
900000
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.13
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.65
CY2019Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4170651
CY2019Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
9.18
CY2019Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
500000
CY2019Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
750000
CY2019Q4 us-gaap Contractual Obligation
ContractualObligation
1250000
CY2019Q4 rkda Royalties On Licensed Revenue Accrued
RoyaltiesOnLicensedRevenueAccrued
266000
CY2018Q4 rkda Royalties On Licensed Revenue Accrued
RoyaltiesOnLicensedRevenueAccrued
216000
CY2019 rkda Milestones Payments Yet To Be Achieved
MilestonesPaymentsYetToBeAchieved
2000000
CY2018 rkda Milestones Payments Yet To Be Achieved
MilestonesPaymentsYetToBeAchieved
2000000
CY2019 rkda Milestones Payment
MilestonesPayment
0
CY2018 rkda Milestones Payment
MilestonesPayment
0
CY2019 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2019 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Some leases (the Davis office, warehouse, greenhouse and a copy machine) include one or more options to renew, with renewal terms that can extend the lease term from one to six years.
CY2019Q4 rkda Operating Lease Assets
OperatingLeaseAssets
1963000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2108000
CY2019 us-gaap Lease Cost
LeaseCost
858000
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07
CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
1300000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
735000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
681000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
575000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
372000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2363000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
255000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-28871000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-13470000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28871000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13470000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.264
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.273
CY2019 rkda Effective Income Tax Rate Reconciliation Transaction Costs Percentage
EffectiveIncomeTaxRateReconciliationTransactionCostsPercentage
0.00
CY2018 rkda Effective Income Tax Rate Reconciliation Transaction Costs Percentage
EffectiveIncomeTaxRateReconciliationTransactionCostsPercentage
-0.029
CY2019 rkda Effective Income Tax Rate Reconciliation Related Offering Costs Percentage
EffectiveIncomeTaxRateReconciliationRelatedOfferingCostsPercentage
-0.005
CY2018 rkda Effective Income Tax Rate Reconciliation Related Offering Costs Percentage
EffectiveIncomeTaxRateReconciliationRelatedOfferingCostsPercentage
-0.011
CY2019Q4 rkda Deferred Tax Assets Common Stock Warrant Liability
DeferredTaxAssetsCommonStockWarrantLiability
988000
CY2018Q4 rkda Deferred Tax Assets Common Stock Warrant Liability
DeferredTaxAssetsCommonStockWarrantLiability
0
CY2019Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
2000
CY2018Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
3000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.085
CY2019 rkda Effective Income Tax Rate Reconciliation Excess Windfall Benefit Percentage
EffectiveIncomeTaxRateReconciliationExcessWindfallBenefitPercentage
0.00
CY2018 rkda Effective Income Tax Rate Reconciliation Excess Windfall Benefit Percentage
EffectiveIncomeTaxRateReconciliationExcessWindfallBenefitPercentage
0.014
CY2019 rkda Effective Income Tax Rate Reconciliation Withholding Taxes
EffectiveIncomeTaxRateReconciliationWithholdingTaxes
0.00
CY2018 rkda Effective Income Tax Rate Reconciliation Withholding Taxes
EffectiveIncomeTaxRateReconciliationWithholdingTaxes
-0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.006
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
13267000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
42097000
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
11000
CY2018Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
26000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3384000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2855000
CY2019Q4 rkda Deferred Tax Assets Accrued Payroll And Benefits
DeferredTaxAssetsAccruedPayrollAndBenefits
224000
CY2018Q4 rkda Deferred Tax Assets Accrued Payroll And Benefits
DeferredTaxAssetsAccruedPayrollAndBenefits
255000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
0
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
171000
CY2019Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
90000
CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
114000
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
568000
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
508000
CY2019Q4 rkda Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
565000
CY2018Q4 rkda Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
0
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
19099000
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
46029000
CY2019Q4 rkda Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
526000
CY2018Q4 rkda Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
0
CY2019Q4 rkda Deferred Tax Liabilities Common Stock Warrant Liabilities
DeferredTaxLiabilitiesCommonStockWarrantLiabilities
0
CY2018Q4 rkda Deferred Tax Liabilities Common Stock Warrant Liabilities
DeferredTaxLiabilitiesCommonStockWarrantLiabilities
1529000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
526000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1529000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18573000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
44500000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-25900000
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3200000
CY2019 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
it has not forfeited the right to carryforward tax losses up to 20 years
CY2019 rkda Income Tax Examination Year Subject Under Examination
IncomeTaxExaminationYearSubjectUnderExamination
2000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2019 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03
CY2019 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
Employees’ rights to employer contributions vest on the one-year anniversary of their date of employment.
CY2019 rkda Defined Benefit Plan Contribution Vesting Period
DefinedBenefitPlanContributionVestingPeriod
P1Y
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4832352
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3352947

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