2017 Q1 Form 10-K Financial Statement

#000145368717000014 Filed on March 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2015 Q4
Revenue $137.0K $2.930M $2.134M
YoY Change -93.44% 37.3%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.880M $5.760M $2.030M
YoY Change 63.03% 183.74%
% of Gross Profit
Research & Development $11.04M $11.03M $7.210M
YoY Change 66.13% 52.98%
% of Gross Profit
Depreciation & Amortization $200.0K $250.0K $170.0K
YoY Change 12.36% 47.06%
% of Gross Profit
Operating Expenses $14.92M $16.79M $9.241M
YoY Change 65.23% 81.69%
Operating Profit -$14.78M
YoY Change 112.97%
Interest Expense $300.0K -$310.0K $230.0K
YoY Change -3.23% -234.78%
% of Operating Profit
Other Income/Expense, Net $0.00 $80.00K $20.00K
YoY Change -100.0% 300.0%
Pretax Income -$15.13M -$14.08M -$6.850M
YoY Change 102.27% 105.55%
Income Tax
% Of Pretax Income
Net Earnings -$15.13M -$14.08M -$6.849M
YoY Change 102.43% 105.62%
Net Earnings / Revenue -11046.72% -480.65% -320.95%
Basic Earnings Per Share
Diluted Earnings Per Share -$819.2K -$768.1K -$816.4K
COMMON SHARES
Basic Shares Outstanding 18.48M shares 18.19M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.50M $84.10M
YoY Change 163.46%
Cash & Equivalents $26.64M $58.66M $32.34M
Short-Term Investments $41.90M $25.50M
Other Short-Term Assets $2.900M $2.500M
YoY Change 26.09%
Inventory
Prepaid Expenses
Receivables $63.00K $215.0K $824.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $71.49M $86.82M $38.91M
YoY Change 139.08% 123.1%
LONG-TERM ASSETS
Property, Plant & Equipment $2.054M $2.047M $2.029M
YoY Change 2.7% 0.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $122.0K $1.566M
YoY Change -100.0% -92.21%
Total Long-Term Assets $2.370M $2.485M $3.911M
YoY Change -50.63% -36.46%
TOTAL ASSETS
Total Short-Term Assets $71.49M $86.82M $38.91M
Total Long-Term Assets $2.370M $2.485M $3.911M
Total Assets $73.86M $89.30M $42.82M
YoY Change 112.84% 108.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.317M $3.882M $2.179M
YoY Change 64.63% 78.16%
Accrued Expenses $5.521M $3.921M $3.378M
YoY Change 97.18% 16.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.500M $4.100M
YoY Change 542.86%
Total Short-Term Liabilities $13.30M $13.71M $7.290M
YoY Change 111.17% 88.01%
LONG-TERM LIABILITIES
Long-Term Debt $6.900M $8.000M
YoY Change -38.39%
Other Long-Term Liabilities $12.60M $0.00 $290.0K
YoY Change 293.75% -100.0%
Total Long-Term Liabilities $19.50M $0.00 $290.0K
YoY Change 35.42% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.30M $13.71M $7.290M
Total Long-Term Liabilities $19.50M $0.00 $290.0K
Total Liabilities $32.77M $34.34M $21.84M
YoY Change 58.29% 57.29%
SHAREHOLDERS EQUITY
Retained Earnings -$166.7M -$151.6M -$111.5M
YoY Change 35.96%
Common Stock $1.000K $1.000K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.09M $54.96M -$116.5M
YoY Change
Total Liabilities & Shareholders Equity $73.86M $89.30M $42.82M
YoY Change 112.84% 108.53%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income -$15.13M -$14.08M -$6.849M
YoY Change 102.43% 105.62%
Depreciation, Depletion And Amortization $200.0K $250.0K $170.0K
YoY Change 12.36% 47.06%
Cash From Operating Activities -$15.32M $1.560M -$7.640M
YoY Change 50.66% -120.42%
INVESTING ACTIVITIES
Capital Expenditures $58.00K -$110.0K -$130.0K
YoY Change -59.44% -15.38%
Acquisitions
YoY Change
Other Investing Activities -$16.47M -$5.090M -$2.780M
YoY Change 382.99% 83.09%
Cash From Investing Activities -$16.53M -$5.200M -$2.910M
YoY Change 365.04% 78.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $728.0K
YoY Change
Cash From Financing Activities -$292.0K 2.790M 5.690M
YoY Change -82.59% -50.97%
NET CHANGE
Cash From Operating Activities -$15.32M 1.560M -7.640M
Cash From Investing Activities -$16.53M -5.200M -2.910M
Cash From Financing Activities -$292.0K 2.790M 5.690M
Net Change In Cash -$32.02M -850.0K -4.860M
YoY Change 107.92% -82.51%
FREE CASH FLOW
Cash From Operating Activities -$15.32M $1.560M -$7.640M
Capital Expenditures $58.00K -$110.0K -$130.0K
Free Cash Flow -$15.37M $1.670M -$7.510M
YoY Change 49.13% -122.24%

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CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
131000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
1728000 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
1525000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
39420000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
2305000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
3052000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
570000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
904000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
493000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
713000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
38500000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
52905000 USD
CY2015 us-gaap Depreciation
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1044000 USD
CY2016 us-gaap Depreciation
Depreciation
802000 USD
CY2016 us-gaap Depreciation
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800000 USD
CY2016 us-gaap Dividends Common Stock
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0 USD
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-7.84
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
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-3.50
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
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-4.26
CY2015 us-gaap Earnings Per Share Basic And Diluted
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-15.13
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
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-4.52
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
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-2.75
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
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-0.43
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
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-0.77
CY2016 us-gaap Earnings Per Share Basic And Diluted
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-3.89
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-3323000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-1019000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
443000 USD
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.330
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.400
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.398
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.007
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.011
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.078
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.059
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.057
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.058
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.016
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.010
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.007
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.013
CY2015Q4 us-gaap Employee Related Liabilities Current
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669000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1551000 USD
CY2014 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
38000 USD
CY2015 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-83000 USD
CY2016 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
12000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3004000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
933000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-525000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7953000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8335000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13051000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-90000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
667000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2686000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
514000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
153000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-610000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
415000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1259000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
716000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-20000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-507000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
10409000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
404000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1011000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
860000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
1779000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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-977000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-103000 USD
CY2014 us-gaap Interest Expense
InterestExpense
552000 USD
CY2015 us-gaap Interest Expense
InterestExpense
948000 USD
CY2016 us-gaap Interest Expense
InterestExpense
1253000 USD
CY2014 us-gaap Interest Paid
InterestPaid
366000 USD
CY2015Q4 us-gaap Interest Payable Current
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34000 USD
CY2016Q4 us-gaap Interest Payable Current
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81000 USD
CY2014 us-gaap Investment Income Net
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111000 USD
CY2015 us-gaap Interest Paid
InterestPaid
531000 USD
CY2016 us-gaap Interest Paid
InterestPaid
972000 USD
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21835000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
34344000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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42824000 USD
CY2015 us-gaap Investment Income Net
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171000 USD
CY2016 us-gaap Investment Income Net
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234000 USD
CY2014 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 USD
CY2015 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 USD
CY2016 us-gaap Marketable Securities Unrealized Gain Loss
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36000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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89301000 USD
CY2015Q4 us-gaap Liabilities Current
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7290000 USD
CY2016Q4 us-gaap Liabilities Current
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13706000 USD
CY2015Q4 us-gaap Loans Payable Current
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0 USD
CY2016Q4 us-gaap Loans Payable Current
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4067000 USD
CY2015Q4 us-gaap Long Term Loans Payable
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11855000 USD
CY2016Q4 us-gaap Long Term Loans Payable
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7977000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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24771000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
43906000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
67659000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-227000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-4679000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-22100000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-12686000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-22463000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-19683000 USD
CY2014 us-gaap Net Income Loss
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-12880000 USD
CY2015Q1 us-gaap Net Income Loss
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CY2015Q2 us-gaap Net Income Loss
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-6867000 USD
CY2015Q3 us-gaap Net Income Loss
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-5725000 USD
CY2015Q4 us-gaap Net Income Loss
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CY2015 us-gaap Net Income Loss
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CY2016Q2 us-gaap Net Income Loss
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CY2016Q4 us-gaap Net Income Loss
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-14083000 USD
CY2016 us-gaap Net Income Loss
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-36210000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
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-16372000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7294000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8429000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7561000 USD
CY2015Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9225000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-32509000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9832000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7728000 USD
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14083000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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-40776000 USD
CY2016 us-gaap Number Of Operating Segments
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1 segment
CY2014 us-gaap Operating Expenses
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18439000 USD
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OperatingExpenses
6844000 USD
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OperatingExpenses
42753000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
7552000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
7678000 USD
CY2015Q4 us-gaap Operating Expenses
OperatingExpenses
9241000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
31315000 USD
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OperatingExpenses
9029000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
8418000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
8516000 USD
CY2016Q4 us-gaap Operating Expenses
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16790000 USD
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CY2015 us-gaap Operating Income Loss
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OperatingIncomeLoss
-34670000 USD
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4200000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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1244000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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335000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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1330000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1291000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
600000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1100000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1600000 USD
CY2014 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
700000 USD
CY2015 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
200000 USD
CY2016 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
0 USD
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54000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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479000 USD
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1566000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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122000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-3281000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-1110000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
504000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
468000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-36000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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290000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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0 USD
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-44000 USD
CY2015 us-gaap Other Nonoperating Income Expense
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-26000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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4000 USD
CY2016 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
CY2014 us-gaap Paid In Kind Interest
PaidInKindInterest
155000 USD
CY2015 us-gaap Paid In Kind Interest
PaidInKindInterest
198000 USD
CY2016 us-gaap Paid In Kind Interest
PaidInKindInterest
263000 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
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0 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
302000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4103000 USD
CY2015 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
7335000 USD
CY2016 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
4566000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
227000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1163000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
586000 USD
CY2014 us-gaap Payments To Acquire Short Term Investments
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0 USD
CY2015 us-gaap Payments To Acquire Short Term Investments
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3516000 USD
CY2014Q4 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Stockholders Equity
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CY2016Q4 us-gaap Stockholders Equity
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54957000 USD
CY2016Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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0.2564
CY2014 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
4951000 USD
CY2016 us-gaap Payments To Acquire Short Term Investments
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28416000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
1459000 USD
CY2015Q1 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2015Q2 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2015Q3 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2015Q4 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2015 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2016Q1 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2016Q2 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2016Q3 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2016Q4 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2016 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1494000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2382000 USD
CY2014 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2015 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
7092000 USD
CY2016 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2014 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2015 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2016 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
68870000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2743000 USD
CY2014 us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
20140000 USD
CY2015 us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
32669000 USD
CY2016 us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
0 USD
CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4494000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6674000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
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CY2016 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Credit Risk and Off&#8209;Balance Sheet Risk</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash, cash equivalents, and accounts receivable. Cash and cash equivalents are deposited with federally insured financial institutions in the United States and may, at times, exceed federally insured limits. Management believes that the financial institutions that hold the Company&#8217;s deposits are financially credit worthy and, accordingly, minimal risk exists with respect to those balances. Generally, these deposits may be redeemed upon demand and therefore bear minimal interest rate risk. As an integral part of operating its Russian subsidiary, the Company also maintains cash in Russian bank accounts in denominations of both Russian rubles and U.S. dollars.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company&#8217;s management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company&#8217;s management considers many factors in selecting appropriate financial accounting policies and controls, and bases its estimates on historical experience and other market-specific or other relevant assumptions that it believes to be reasonable under the circumstances. In preparing these consolidated financial statements, management used significant estimates in the following areas, among others: revenue recognition, the fair value of common stock and other equity instruments, accounting for stock-based compensation, income taxes, collectability of accounts receivable, useful lives of long-lived assets, accrued expenses, and accounting for project development. The Company assesses the above estimates on an ongoing basis; however, actual results could materially differ from those estimates.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s management made significant estimates and assumptions in determining the fair value of its common stock for those periods reported prior to the completion of the IPO. The Company utilized various valuation methodologies in accordance with the framework of the 2004 American Institute of Certified Public Accountants&#8217; Technical Practice Aid, Valuation of Privately-Held Company Equity Securities Issued as Compensation, to estimate the fair value of its common stock. Each valuation methodology included estimates and assumptions that require the Company&#8217;s judgment. These estimates and assumptions included a number of objective and subjective factors, including external market conditions affecting the biotechnology industry sector, the prices at which the Company sold shares of preferred stock, the superior rights and preferences of securities senior to the Company&#8217;s common stock at the time and the likelihood of achieving a liquidity event, such as an initial public offering or sale. Significant changes to the key assumptions used in the valuations could result in different fair values of common stock at each valuation date.</font></div></div>

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