2020 Q4 Form 10-Q Financial Statement

#000162828020016121 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $15.16M $15.28M $15.41M
YoY Change -2.13% -0.82% -7.58%
Cost Of Revenue $14.78M $14.93M $15.42M
YoY Change 2.78% -3.18% 4.93%
Gross Profit $390.0K $346.0K -$17.00K
YoY Change -64.86% -2135.29% -100.86%
Gross Profit Margin 2.57% 2.26% -0.11%
Selling, General & Admin $6.550M $5.291M $6.450M
YoY Change -0.15% -17.97% 4.71%
% of Gross Profit 1679.49% 1529.19%
Research & Development $1.910M $1.745M $1.475M
YoY Change -2.55% 18.31% 82.1%
% of Gross Profit 489.74% 504.34%
Depreciation & Amortization $220.0K $200.0K $200.0K
YoY Change 4.76% 0.0% 5.26%
% of Gross Profit 56.41% 57.8%
Operating Expenses $8.460M $7.036M $7.925M
YoY Change -0.59% -11.22% 13.7%
Operating Profit -$8.070M -$6.690M -$7.942M
YoY Change 9.05% -15.76% 58.84%
Interest Expense -$590.0K $666.0K $16.00K
YoY Change -690.0% 4062.5% -46.67%
% of Operating Profit
Other Income/Expense, Net $0.00 -$660.0K $87.00K
YoY Change -858.62%
Pretax Income -$8.660M -$7.350M -$7.860M
YoY Change 18.63% -6.49% 58.15%
Income Tax
% Of Pretax Income
Net Earnings -$8.660M -$7.350M -$7.855M
YoY Change 18.63% -6.43% 58.05%
Net Earnings / Revenue -57.12% -48.1% -50.98%
Basic Earnings Per Share -$0.10
Diluted Earnings Per Share -$92.42K -$0.10 -$123.2K
COMMON SHARES
Basic Shares Outstanding 93.57M shares 71.81M shares
Diluted Shares Outstanding 71.81M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.68M $67.30M $29.00M
YoY Change 125.3% 132.08% 63.84%
Cash & Equivalents $48.68M $56.60M $14.42M
Short-Term Investments $9.997M $10.70M $14.58M
Other Short-Term Assets $2.710M $2.620M $2.860M
YoY Change -9.06% -8.39% 72.29%
Inventory $3.913M $3.877M $3.580M
Prepaid Expenses
Receivables $4.171M $4.129M $5.120M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $69.47M $77.94M $40.56M
YoY Change 88.4% 92.17% 26.39%
LONG-TERM ASSETS
Property, Plant & Equipment $2.642M $2.785M $5.520M
YoY Change 8.59% -49.55% 106.74%
Goodwill $900.0K $921.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $629.0K $629.0K $1.080M
YoY Change 44.6% -41.76% -55.0%
Total Long-Term Assets $8.279M $7.293M $7.530M
YoY Change 11.23% -3.15% 25.71%
TOTAL ASSETS
Total Short-Term Assets $69.47M $77.94M $40.56M
Total Long-Term Assets $8.279M $7.293M $7.530M
Total Assets $77.75M $85.24M $48.09M
YoY Change 75.44% 77.24% 26.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.155M $4.190M $3.190M
YoY Change 37.67% 31.35% -53.97%
Accrued Expenses $5.013M $4.968M $5.400M
YoY Change 10.96% -8.0% 98.53%
Deferred Revenue $2.175M $2.180M
YoY Change -2.64%
Short-Term Debt $0.00 $0.00 $1.150M
YoY Change -100.0% -100.0%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $12.79M $12.71M $12.39M
YoY Change 3.39% 2.57% -2.36%
LONG-TERM LIABILITIES
Long-Term Debt $20.95M $20.86M $0.00
YoY Change
Other Long-Term Liabilities $0.00 $9.600M $11.99M
YoY Change -100.0% -19.93% -5.81%
Total Long-Term Liabilities $20.95M $20.86M $11.99M
YoY Change 73.94% -5.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.79M $12.71M $12.39M
Total Long-Term Liabilities $20.95M $20.86M $11.99M
Total Liabilities $43.58M $43.16M $24.38M
YoY Change 81.6% 77.03% -4.05%
SHAREHOLDERS EQUITY
Retained Earnings -$337.4M -$328.7M
YoY Change 10.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.17M $42.08M $23.70M
YoY Change
Total Liabilities & Shareholders Equity $77.75M $85.24M $48.09M
YoY Change 75.44% 77.24% 26.29%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$8.660M -$7.350M -$7.855M
YoY Change 18.63% -6.43% 58.05%
Depreciation, Depletion And Amortization $220.0K $200.0K $200.0K
YoY Change 4.76% 0.0% 5.26%
Cash From Operating Activities -$8.570M -$4.920M -$6.170M
YoY Change 61.7% -20.26% 29.08%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$690.0K -$140.0K
YoY Change -42.86% 392.86% -44.0%
Acquisitions
YoY Change
Other Investing Activities $710.0K $2.570M -$990.0K
YoY Change 129.03% -359.6% -113.08%
Cash From Investing Activities $630.0K $1.880M -$1.140M
YoY Change 270.59% -264.91% -115.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 32.96M 320.0K
YoY Change -100.0% 10200.0%
NET CHANGE
Cash From Operating Activities -8.570M -4.920M -6.170M
Cash From Investing Activities 630.0K 1.880M -1.140M
Cash From Financing Activities 0.000 32.96M 320.0K
Net Change In Cash -7.940M 29.92M -6.990M
YoY Change 201.9% -528.04% -375.2%
FREE CASH FLOW
Cash From Operating Activities -$8.570M -$4.920M -$6.170M
Capital Expenditures -$80.00K -$690.0K -$140.0K
Free Cash Flow -$8.490M -$4.230M -$6.030M
YoY Change 64.53% -29.85% 33.11%

Facts In Submission

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OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-6000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-19000 USD
CY2020Q2 rmti Adjustmentsto Additional Paidin Capital Warrant Modification Expense
AdjustmentstoAdditionalPaidinCapitalWarrantModificationExpense
837000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
-1461000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
16211000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-7350000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
250000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
42075000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
27277000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-8679000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-7000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
20161000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-10292000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
148000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-95000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1517000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
12000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1502000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
29592000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-7855000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
6000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-85000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
876000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
23702000 USD
us-gaap Net Income Loss
NetIncomeLoss
-22227000 USD
us-gaap Net Income Loss
NetIncomeLoss
-26826000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
614000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
582000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
-276000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3895000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
837000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
305000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
1271000 USD
rmti Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1090000 USD
rmti Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1430000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
200000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-7000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
8000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
24000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
953000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-293000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-74000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1857000 USD
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
0 USD
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
-371000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-161000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-931000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1172000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1298000 USD
us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
-104000 USD
us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
-147000 USD
rmti Increase Decrease In Operating Lease Liabilites
IncreaseDecreaseInOperatingLeaseLiabilites
-1056000 USD
rmti Increase Decrease In Operating Lease Liabilites
IncreaseDecreaseInOperatingLeaseLiabilites
-1369000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
423000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1229000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1338000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1690000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
1621000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
2281000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21072000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21954000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
23531000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
34202000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
27076000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
30479000 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
970000 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
449000 USD
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
0 USD
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
750000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2575000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4922000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
22500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1343000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
763000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
763000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
148000 USD
rmti Repurchase Of Common Shares To Pay Employee Withholding Taxes
RepurchaseOfCommonSharesToPayEmployeeWithholdingTaxes
18000 USD
rmti Repurchase Of Common Shares To Pay Employee Withholding Taxes
RepurchaseOfCommonSharesToPayEmployeeWithholdingTaxes
180000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
63317000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18583000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
44820000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8293000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11794000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22714000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56614000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14421000 USD
us-gaap Stock Issued1
StockIssued1
501000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-11000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 USD
us-gaap Notes Assumed1
NotesAssumed1
0 USD
us-gaap Notes Assumed1
NotesAssumed1
1145000 USD
us-gaap Interest Paid Net
InterestPaidNet
906000 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56600000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
10700000 USD
CY2020Q3 rmti Working Capital Net
WorkingCapitalNet
65200000 USD
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-328700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21100000 USD
CY2020Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
3670212 shares
CY2020Q1 rmti Proceeds From Issuance Of Common Stock Net Of Stock Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfStockIssuanceCosts
8000000.0 USD
CY2020Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
21200000 USD
CY2020Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
23178809 shares
CY2020Q3 rmti Proceeds From Issuance Of Common Stock Net Of Stock Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfStockIssuanceCosts
32700000 USD
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1128608 shares
rmti Proceeds From Issuance Of Common Stock Net Of Stock Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfStockIssuanceCosts
2300000 USD
rmti Saleof Stock Remaining Sales Amount
SaleofStockRemainingSalesAmount
32300000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</span></div>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33501260 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12412135 shares
rmti Number Of Distribution And License Agreements
NumberOfDistributionAndLicenseAgreements
4 agreement
rmti Average Payment Term Of Customers
AveragePaymentTermOfCustomers
P30D
rmti Average Payment Term Of Distributors
AveragePaymentTermOfDistributors
P45D
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15280000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
47033000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
15407000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
45812000 USD
CY2020Q3 us-gaap Other Receivables
OtherReceivables
4129000 USD
CY2019Q4 us-gaap Other Receivables
OtherReceivables
4203000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10738000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12076000 USD
CY2019Q3 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 USD
us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 USD
us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 USD
CY2020Q3 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 USD
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
10700000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
10679000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000 USD
CY2020Q3 rmti Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossCurrent
21000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
10702000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
14238000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
13000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000 USD
CY2019Q4 rmti Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossCurrent
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
14250000 USD
CY2020Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2794000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2471000 USD
CY2020Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
329000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
185000 USD
CY2020Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1613000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1432000 USD
CY2020Q3 rmti Current And Non Current Inventory
CurrentAndNonCurrentInventory
4736000 USD
CY2019Q4 rmti Current And Non Current Inventory
CurrentAndNonCurrentInventory
4088000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9105000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8298000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6320000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5865000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2785000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2433000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
200000 USD
CY2019Q3 us-gaap Depreciation
Depreciation
200000 USD
us-gaap Depreciation
Depreciation
600000 USD
us-gaap Depreciation
Depreciation
600000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2584000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1018000 USD
CY2020Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
172000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
182000 USD
CY2020Q3 rmti Research And Development Related Liabilities Current
ResearchAndDevelopmentRelatedLiabilitiesCurrent
258000 USD
CY2019Q4 rmti Research And Development Related Liabilities Current
ResearchAndDevelopmentRelatedLiabilitiesCurrent
283000 USD
CY2020Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
100000 USD
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
61000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1854000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2974000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4968000 USD
CY2020Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
170000000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
170000000 shares
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4518000 USD
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
93573165 shares
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
93573165 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
65378890 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65378890 shares
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2100000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
382000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
532000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1228000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1592000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
90000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
90000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
403000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
258000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
472000 USD
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
622000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
1631000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
1850000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
12000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
98000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2366000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1532000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
172000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
12000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
476000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
626000 USD
us-gaap Lease Cost
LeaseCost
1643000 USD
us-gaap Lease Cost
LeaseCost
1862000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
393000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
494000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1248000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
136000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4442000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2194000 USD
CY2020Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
3000000.0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
387000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1055000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
592000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
234000 USD
CY2020Q3 rmti Supply Agreement Percentage Of Raw Materials To Be Paid
SupplyAgreementPercentageOfRawMaterialsToBePaid
0.50
CY2020Q3 rmti Supply Agreement Percentage Of Raw Materials Paid
SupplyAgreementPercentageOfRawMaterialsPaid
0.50
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
250000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
877000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-276000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3895000 USD
rmti Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodIntrinsicValue
12074 USD
CY2018Q4 rmti Number Of Additional Agreements
NumberOfAdditionalAgreements
3 agreement
CY2020Q3 rmti Related Party Transactions Accrued Reimbursement Of Ip Expenses And Sublicense Royalty Fees
RelatedPartyTransactionsAccruedReimbursementOfIPExpensesAndSublicenseRoyaltyFees
100000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2200000 USD
CY2019 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
400000 USD

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0001628280-20-016121.txt Edgar Link pending
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