2018 Q1 Form 10-K Financial Statement

#000145368718000012 Filed on March 15, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q3
Revenue $0.00 $17.00K $27.00K
YoY Change -100.0% -99.42% -97.42%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.670M $5.670M $4.380M
YoY Change 20.36% -1.56% 75.2%
% of Gross Profit
Research & Development $11.14M $13.62M $9.504M
YoY Change 0.86% 23.48% 57.85%
% of Gross Profit
Depreciation & Amortization $200.0K $180.0K $200.0K
YoY Change 0.0% -28.0% 100.0%
% of Gross Profit
Operating Expenses $15.81M $19.29M $13.88M
YoY Change 5.99% 14.91% 63.0%
Operating Profit -$15.81M -$13.85M
YoY Change 6.97% 85.51%
Interest Expense $350.0K -$130.0K $268.0K
YoY Change 16.67% -58.06% -13.83%
% of Operating Profit
Other Income/Expense, Net $0.00 -$140.0K -$16.00K
YoY Change -275.0% -500.0%
Pretax Income -$15.89M -$19.54M -$14.68M
YoY Change 5.02% 38.78% 89.91%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$15.89M -$19.54M -$14.68M
YoY Change 4.98% 38.78% 89.91%
Net Earnings / Revenue -114964.71% -54355.56%
Basic Earnings Per Share
Diluted Earnings Per Share -$711.0K -$876.6K -$664.9K
COMMON SHARES
Basic Shares Outstanding 22.35M shares 22.34M shares 22.07M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.10M $96.60M $104.4M
YoY Change 21.31% 14.86% 31.65%
Cash & Equivalents $58.23M $70.62M $72.15M
Short-Term Investments $24.80M $25.90M $32.20M
Other Short-Term Assets $1.900M $2.100M $3.000M
YoY Change -34.48% -16.0% -16.67%
Inventory
Prepaid Expenses
Receivables $63.00K $63.00K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $98.68M $98.68M $107.4M
YoY Change 38.04% 13.67% 28.72%
LONG-TERM ASSETS
Property, Plant & Equipment $2.091M $2.091M $2.055M
YoY Change 1.8% 2.15% -0.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.700M $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $2.420M $2.420M $2.371M
YoY Change 2.11% -2.62% -0.46%
TOTAL ASSETS
Total Short-Term Assets $98.68M $98.68M $107.4M
Total Long-Term Assets $2.420M $2.420M $2.371M
Total Assets $101.1M $101.1M $109.7M
YoY Change 36.89% 13.21% 27.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.606M $1.606M $1.519M
YoY Change 21.94% -58.63% 46.06%
Accrued Expenses $8.580M $8.580M $6.547M
YoY Change 55.41% 118.82% 168.98%
Deferred Revenue $787.0K $787.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $10.97M $10.97M $11.32M
YoY Change -17.52% -19.94% 47.23%
LONG-TERM LIABILITIES
Long-Term Debt $21.10M $21.00M $21.00M
YoY Change 205.8% 162.5% 130.77%
Other Long-Term Liabilities $1.201M $1.201M $1.250M
YoY Change -90.47%
Total Long-Term Liabilities $1.201M $1.201M $1.250M
YoY Change -93.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.97M $10.97M $11.32M
Total Long-Term Liabilities $1.201M $1.201M $1.250M
Total Liabilities $47.46M $49.29M $44.65M
YoY Change 44.83% 43.51% 119.55%
SHAREHOLDERS EQUITY
Retained Earnings -$215.1M -$216.9M -$197.4M
YoY Change 29.01% 43.07% 43.54%
Common Stock $3.000K $3.000K $2.000K
YoY Change 200.0% 200.0% 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.98M $51.81M $65.08M
YoY Change
Total Liabilities & Shareholders Equity $101.1M $101.1M $109.7M
YoY Change 36.89% 13.21% 27.91%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income -$15.89M -$19.54M -$14.68M
YoY Change 4.98% 38.78% 89.91%
Depreciation, Depletion And Amortization $200.0K $180.0K $200.0K
YoY Change 0.0% -28.0% 100.0%
Cash From Operating Activities -$13.41M -$12.67M -$15.44M
YoY Change -12.45% -912.18% 182.27%
INVESTING ACTIVITIES
Capital Expenditures $192.0K -$150.0K -$120.0K
YoY Change 231.03% 36.36% -57.14%
Acquisitions
YoY Change
Other Investing Activities $1.140M $6.250M -$2.240M
YoY Change -106.92% -222.79% -88.77%
Cash From Investing Activities $945.0K $6.110M -$2.380M
YoY Change -105.72% -217.5% -88.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $51.00K 5.030M 7.340M
YoY Change -117.47% 80.29% 211.02%
NET CHANGE
Cash From Operating Activities -$13.41M -12.67M -15.44M
Cash From Investing Activities $945.0K 6.110M -2.380M
Cash From Financing Activities $51.00K 5.030M 7.340M
Net Change In Cash -$12.39M -1.530M -10.48M
YoY Change -61.29% 80.0% -55.06%
FREE CASH FLOW
Cash From Operating Activities -$13.41M -$12.67M -$15.44M
Capital Expenditures $192.0K -$150.0K -$120.0K
Free Cash Flow -$13.60M -$12.52M -$15.32M
YoY Change -11.53% -849.7% 195.18%

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52905000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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57637000 USD
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DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
69000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
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0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
131000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
108000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
1525000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
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0 USD
CY2015 us-gaap Depreciation
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1000000 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
CY2017 us-gaap Depreciation
Depreciation
800000 USD
CY2017 us-gaap Depreciation
Depreciation
750000 USD
CY2017 us-gaap Dividends Common Stock
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0 USD
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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CY2015 us-gaap Earnings Per Share Basic And Diluted
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CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
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CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
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CY2016 us-gaap Earnings Per Share Basic And Diluted
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CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.82
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
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CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
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CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
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-0.88
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-3.20
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
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
78000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
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
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
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
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-0.398
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.067
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.358
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.007
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.011
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.001
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
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.023
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
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.058
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.010
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.013
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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-0.005
CY2016Q4 us-gaap Employee Related Liabilities Current
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1551000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
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1902000 USD
CY2015 us-gaap Fair Value Adjustment Of Warrants
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-83000 USD
CY2016 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
12000 USD
CY2017 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 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
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-123000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-36000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
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-2327000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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153000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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-610000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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-152000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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1259000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
716000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
5650000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
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-507000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
10409000 USD
CY2017 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2432000 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
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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-673000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8335000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13051000 USD
CY2017 us-gaap General And Administrative Expense
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18826000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
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667000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
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2686000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-525000 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
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-103000 USD
CY2017 us-gaap Increase Decrease In Restricted Cash For Operating Activities
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-689000 USD
CY2015 us-gaap Interest Expense
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948000 USD
CY2016 us-gaap Interest Expense
InterestExpense
1253000 USD
CY2017 us-gaap Interest Expense
InterestExpense
1206000 USD
CY2015 us-gaap Interest Paid
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531000 USD
CY2016 us-gaap Interest Paid
InterestPaid
972000 USD
CY2017 us-gaap Interest Paid
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905000 USD
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81000 USD
CY2017Q4 us-gaap Interest Payable Current
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89000 USD
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171000 USD
CY2016 us-gaap Investment Income Net
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234000 USD
CY2017 us-gaap Investment Income Net
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617000 USD
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34344000 USD
CY2017Q4 us-gaap Liabilities
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49286000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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89301000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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101100000 USD
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13706000 USD
CY2017Q4 us-gaap Liabilities Current
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10973000 USD
CY2016Q4 us-gaap Loans Payable Current
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4067000 USD
CY2017Q4 us-gaap Loans Payable Current
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0 USD
CY2016Q4 us-gaap Long Term Loans Payable
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7977000 USD
CY2017Q4 us-gaap Long Term Loans Payable
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21042000 USD
CY2015 us-gaap Marketable Securities Unrealized Gain Loss
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0 USD
CY2016 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-36000 USD
CY2017 us-gaap Marketable Securities Unrealized Gain Loss
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20000 USD
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-19683000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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43906000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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67659000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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66023000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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-4679000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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-22100000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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-22463000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2015 us-gaap Net Income Loss
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-25174000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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-7728000 USD
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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-14083000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
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-40776000 USD
CY2016Q1 us-gaap Net Income Loss
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-7476000 USD
CY2016Q2 us-gaap Net Income Loss
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CY2016Q3 us-gaap Net Income Loss
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CY2016Q4 us-gaap Net Income Loss
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CY2016 us-gaap Net Income Loss
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CY2017Q1 us-gaap Net Income Loss
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CY2017Q2 us-gaap Net Income Loss
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CY2017Q3 us-gaap Net Income Loss
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CY2017Q4 us-gaap Net Income Loss
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CY2017 us-gaap Net Income Loss
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CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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-32509000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-9832000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-15134000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15967000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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-14676000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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-19544000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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-65321000 USD
CY2017 us-gaap Number Of Operating Segments
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1 segment
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31315000 USD
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OperatingExpenses
9029000 USD
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OperatingExpenses
8418000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
8516000 USD
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
16790000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
42753000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
14919000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
15897000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
13881000 USD
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
19294000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
63991000 USD
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CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-34670000 USD
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CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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3294000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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1437000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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375000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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1482000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
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1100000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1600000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
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1900000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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440000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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617000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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122000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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0 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
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504000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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78000 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
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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20000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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0 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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1201000 USD
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-26000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-152000 USD
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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0 USD
CY2015 us-gaap Paid In Kind Interest
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198000 USD
CY2016 us-gaap Paid In Kind Interest
PaidInKindInterest
263000 USD
CY2017 us-gaap Paid In Kind Interest
PaidInKindInterest
390000 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
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302000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
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4103000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 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
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
733000 USD
CY2015 us-gaap Payments To Acquire Short Term Investments
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3516000 USD
CY2016 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
28416000 USD
CY2017 us-gaap Payments To Acquire Short Term Investments
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61527000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
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2382000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1979000 USD
CY2015 us-gaap Proceeds From Convertible Debt
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7092000 USD
CY2016 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2017 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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
CY2017 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10000000 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
CY2017 us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
0 USD
CY2015 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2016 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2017 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
47114000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6674000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
20957000 USD
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
64465000 USD
CY2016 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
2743000 USD
CY2017 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
10000000 USD
CY2015 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
7335000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
86000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
109000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
149000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
149000 USD
CY2016 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
6900000 USD
CY2017 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
60158000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
706000 USD
CY2015 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 USD
CY2016 us-gaap Temporary Equity Accretion To Redemption Value
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4566000 USD
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705000 USD
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0 USD
CY2017 us-gaap Proceeds From Stock Plans
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180000 USD
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5787000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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6249000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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2047000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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CY2017 us-gaap Realized Investment Gains Losses
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0 USD
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75000 USD
CY2017Q4 us-gaap Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
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0 USD
CY2015 us-gaap Repayments Of Long Term Debt
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2336000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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0 USD
CY2017 us-gaap Repayments Of Long Term Debt
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12934000 USD
CY2015 us-gaap Research And Development Expense
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22980000 USD
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29702000 USD
CY2017 us-gaap Research And Development Expense
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45165000 USD
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78000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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76000 USD
CY2016Q4 us-gaap Restricted Cash And Investments Noncurrent
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316000 USD
CY2017Q4 us-gaap Restricted Cash And Investments Noncurrent
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329000 USD
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-151576000 USD
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-151600000 USD
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-216900000 USD
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CY2016Q4 us-gaap Revenues
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2930000 USD
CY2016 us-gaap Revenues
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CY2017Q3 us-gaap Revenues
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CY2017Q4 us-gaap Revenues
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17000 USD
CY2017 us-gaap Revenues
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207000 USD
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22343254 shares
CY2016Q4 us-gaap Short Term Investments
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25485000 USD
CY2017Q4 us-gaap Short Term Investments
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CY2015 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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3647000 USD
CY2016 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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180000 USD
CY2015Q4 us-gaap Stockholders Equity
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-116493000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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14400000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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4700000 USD
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2150422 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10493939 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20425050 shares
CY2016Q4 us-gaap Stockholders Equity
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54957000 USD
CY2017Q4 us-gaap Stockholders Equity
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51814000 USD
CY2016Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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3.9
CY2016Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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2356000 USD
CY2016Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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2210000 USD
CY2016Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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0 USD
CY2016Q4 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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0 USD
CY2016 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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4566000 USD
CY2017 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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0 USD
CY2017 us-gaap Temporary Equity Accretion To Redemption Value
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0 USD
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7335000 USD
CY2014Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
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0.0001
CY2015Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
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0.0001
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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0 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2015Q4 us-gaap Temporary Equity Shares Authorized
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CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;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:8px;padding-top:8px;text-align:justify;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. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company maintained approximately </font><font style="font-family:inherit;font-size:10pt;">$1.3 million</font><font style="font-family:inherit;font-size:10pt;"> in Russian bank accounts, of which </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> was held in U.S. dollars.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has minimal credit risk as the majority of accounts receivable relates to amounts due under a government sponsored grant, collaboration with large pharmaceutical companies or grants from well&#8209;known and supported non&#8209;profit organizations. The Company did not have any off balance sheet arrangements as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;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:8px;padding-top:8px;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 and estimating accrued research and development expenses. 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:8px;padding-top:8px;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 initial public offering of the Company&#8217;s common stock (the &#8220;IPO&#8221;). 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 its 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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