2023 Q1 Form 10-K Financial Statement

#000145368723000040 Filed on March 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $5.938M $16.80M $110.8M
YoY Change -82.53% -43.9% 30.21%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.695M $6.324M $23.86M
YoY Change 2.85% 14.13% 13.97%
% of Gross Profit
Research & Development $18.62M $18.97M $72.38M
YoY Change 5.29% -6.65% 5.3%
% of Gross Profit
Depreciation & Amortization $200.0K $241.0K $700.0K
YoY Change 100.0% -39.9% 16.67%
% of Gross Profit
Operating Expenses $24.32M $25.29M $96.24M
YoY Change 4.71% -2.2% 7.32%
Operating Profit -$18.38M $14.54M
YoY Change -270.62% -416.25%
Interest Expense $808.0K $373.0K $3.031M
YoY Change 14.29% -153.52% 6.58%
% of Operating Profit 20.85%
Other Income/Expense, Net $255.0K $13.73M $330.0K
YoY Change 65.58% 52.6% 2100.0%
Pretax Income -$21.66M $5.605M $34.77M
YoY Change -175.28% -54.71% -457.68%
Income Tax -$288.0K -$609.0K
% Of Pretax Income -5.14% -1.75%
Net Earnings -$21.66M $5.893M $35.38M
YoY Change -175.28% -51.85% -237.73%
Net Earnings / Revenue -364.82% 35.09% 31.94%
Basic Earnings Per Share -$0.14 $0.24
Diluted Earnings Per Share -$0.14 $0.04 $0.10
COMMON SHARES
Basic Shares Outstanding 153.3M shares 153.0M shares 144.8M shares
Diluted Shares Outstanding 153.3M shares 145.9M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.9M $134.6M $134.6M
YoY Change 7.23% 5.11% 5.11%
Cash & Equivalents $125.9M $106.4M $106.4M
Short-Term Investments $0.00 $28.16M $28.16M
Other Short-Term Assets $3.785M $3.778M $3.778M
YoY Change -30.17% -41.64% -41.64%
Inventory
Prepaid Expenses
Receivables $6.839M $6.596M $6.596M
Other Receivables $1.843M $3.162M $3.162M
Total Short-Term Assets $138.4M $148.1M $148.1M
YoY Change 6.45% 2.56% 2.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.765M $2.794M $14.41M
YoY Change 2.83% 30.44% 20.38%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Other Assets $1.335M $1.337M $1.337M
YoY Change -8.81% -8.99% -8.99%
Total Long-Term Assets $17.30M $17.75M $17.75M
YoY Change 10.27% 14.95% 14.95%
TOTAL ASSETS
Total Short-Term Assets $138.4M $148.1M $148.1M
Total Long-Term Assets $17.30M $17.75M $17.75M
Total Assets $155.7M $165.9M $165.9M
YoY Change 6.86% 3.75% 3.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.063M $316.0K $316.0K
YoY Change 302.65% 41.07% 41.07%
Accrued Expenses $9.347M $14.08M $15.69M
YoY Change 5.15% 33.71% 35.49%
Deferred Revenue $4.232M $593.0K
YoY Change -84.88% -98.9%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.22M $8.476M $8.476M
YoY Change 1368.1% 42.19% 42.19%
Total Short-Term Liabilities $26.53M $25.08M $25.08M
YoY Change -32.4% -65.29% -65.29%
LONG-TERM LIABILITIES
Long-Term Debt $16.23M $17.79M $17.79M
YoY Change -35.2% -9.59% -9.59%
Other Long-Term Liabilities $38.36M $29.20M $29.20M
YoY Change 49.57% -35.75% -35.75%
Total Long-Term Liabilities $54.58M $46.98M $46.98M
YoY Change 7.69% -27.84% -27.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.53M $25.08M $25.08M
Total Long-Term Liabilities $54.58M $46.98M $46.98M
Total Liabilities $81.11M $72.06M $72.06M
YoY Change -9.81% -47.54% -47.54%
SHAREHOLDERS EQUITY
Retained Earnings -$416.6M -$394.9M
YoY Change 3.75% -8.23%
Common Stock $15.00K $15.00K
YoY Change 25.0% 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $74.58M $93.83M $93.83M
YoY Change
Total Liabilities & Shareholders Equity $155.7M $165.9M $165.9M
YoY Change 6.86% 3.75% 3.75%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$21.66M $5.893M $35.38M
YoY Change -175.28% -51.85% -237.73%
Depreciation, Depletion And Amortization $200.0K $241.0K $700.0K
YoY Change 100.0% -39.9% 16.67%
Cash From Operating Activities -$8.765M -$11.85M -$31.63M
YoY Change -26.12% -62.34% -47.62%
INVESTING ACTIVITIES
Capital Expenditures $130.0K $211.0K $1.201M
YoY Change -71.43% -175.9% 10.69%
Acquisitions
YoY Change
Other Investing Activities $28.25M $5.700M -$13.80M
YoY Change 182.54% -43.0% -14.04%
Cash From Investing Activities $28.12M $5.489M -$15.00M
YoY Change 194.65% -43.54% -12.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.121M
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $149.0K 0.000 $39.22M
YoY Change -91.38% -100.0% -25.87%
NET CHANGE
Cash From Operating Activities -$8.765M -11.85M -$31.63M
Cash From Investing Activities $28.12M 5.489M -$15.00M
Cash From Financing Activities $149.0K 0.000 $39.22M
Net Change In Cash $19.49M -6.360M -$7.398M
YoY Change -3243.06% 992.78% -69.96%
FREE CASH FLOW
Cash From Operating Activities -$8.765M -$11.85M -$31.63M
Capital Expenditures $130.0K $211.0K $1.201M
Free Cash Flow -$8.895M -$12.06M -$32.83M
YoY Change -27.79% -61.32% -46.59%

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CY2020 selb Stock Issued During Period Value Common Warrants Exercised
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24263000 usd
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AdjustmentsToAdditionalPaidInCapitalOther
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CY2020 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
444000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5422000 usd
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-40000 usd
CY2020 us-gaap Net Income Loss
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-18006000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
161000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
778000 usd
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
51934000 usd
CY2021 selb Stock Issued During Period Value Common Warrants Exercised
StockIssuedDuringPeriodValueCommonWarrantsExercised
5624000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7720000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-25687000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
22521000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
189000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
156000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
2121000 usd
CY2022 selb Stock Issued During The Period Values Common Stock And Warrants
StockIssuedDuringThePeriodValuesCommonStockAndWarrants
21480000 usd
CY2022 selb Stock Issued During The Period Values Common Stock License Agreement
StockIssuedDuringThePeriodValuesCommonStockLicenseAgreement
1000000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
780000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10194000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
18000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
35379000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
93828000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
35379000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-25687000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-68876000 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1287000 usd
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1252000 usd
CY2020 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
734000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
375000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-57000 usd
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1337000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1119000 usd
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1127000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
147000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
52000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
11194000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
7720000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
5422000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
953000 usd
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
1012000 usd
CY2020 us-gaap Paid In Kind Interest
PaidInKindInterest
620000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-20882000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2339000 usd
CY2020 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
10443000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-461000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3318000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2690000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2224000 usd
CY2022 selb Increase Decrease In Contract With Customer Asset Allowance For Credit Loss Current
IncreaseDecreaseInContractWithCustomerAssetAllowanceForCreditLossCurrent
3162000 usd
CY2021 selb Increase Decrease In Contract With Customer Asset Allowance For Credit Loss Current
IncreaseDecreaseInContractWithCustomerAssetAllowanceForCreditLossCurrent
0 usd
CY2020 selb Increase Decrease In Contract With Customer Asset Allowance For Credit Loss Current
IncreaseDecreaseInContractWithCustomerAssetAllowanceForCreditLossCurrent
0 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2471000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1451000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4418000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
92000 usd
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-219000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-57000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-601000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
601000 usd
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-64707000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-45496000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
94462000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2212000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1061000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2761000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-31631000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-60382000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34881000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
19700000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
16400000 usd
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2000000 usd
CY2020 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
33501000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
30455000 usd
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1201000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1085000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
815000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
74000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15002000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17140000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-741000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
24736000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
19313000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-110000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2121000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
51958000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2108000 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
36859000 usd
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2020 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2020 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
10268000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4381000 usd
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-343000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2020 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
979000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
156000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
778000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
193000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
189000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
161000 usd
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
184000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
39215000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52897000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14431000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-58000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7398000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24628000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
48513000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115436000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140064000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91551000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108038000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115436000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140064000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2248000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2002000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1018000 usd
CY2022 selb Issuance Of Common Stock License Agreement In Stock Based Compensation Expense
IssuanceOfCommonStockLicenseAgreementInStockBasedCompensationExpense
1000000 usd
CY2021 selb Issuance Of Common Stock License Agreement In Stock Based Compensation Expense
IssuanceOfCommonStockLicenseAgreementInStockBasedCompensationExpense
0 usd
CY2020 selb Issuance Of Common Stock License Agreement In Stock Based Compensation Expense
IssuanceOfCommonStockLicenseAgreementInStockBasedCompensationExpense
0 usd
CY2022 selb Noncash Or Part Noncash Warrant Exercises
NoncashOrPartNoncashWarrantExercises
0 usd
CY2021 selb Noncash Or Part Noncash Warrant Exercises
NoncashOrPartNoncashWarrantExercises
5624000 usd
CY2020 selb Noncash Or Part Noncash Warrant Exercises
NoncashOrPartNoncashWarrantExercises
21790000 usd
CY2022 selb Noncash Or Part Noncash Reclassification Of Warrant Liability To Equity
NoncashOrPartNoncashReclassificationOfWarrantLiabilityToEquity
780000 usd
CY2021 selb Noncash Or Part Noncash Reclassification Of Warrant Liability To Equity
NoncashOrPartNoncashReclassificationOfWarrantLiabilityToEquity
0 usd
CY2020 selb Noncash Or Part Noncash Reclassification Of Warrant Liability To Equity
NoncashOrPartNoncashReclassificationOfWarrantLiabilityToEquity
1494000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021 us-gaap Stock Issued1
StockIssued1
0 usd
CY2020 us-gaap Stock Issued1
StockIssued1
444000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
224000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4000 usd
CY2022Q4 selb Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents And Debt Securities Available For Sale
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAndDebtSecuritiesAvailableForSale
136200000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1600000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-394900000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
The preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’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 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.
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
13998000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash, cash equivalents, short-term deposits and marketable securities, investments, 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’s deposits are financially creditworthy and, accordingly, minimal risk exists with respect to those balances. The Company also maintains cash in Russian bank accounts in denominations of both Russian rubles and U.S. dollars.
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
28175000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
11000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
28164000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13999000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
35379000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-25687000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-68876000 usd
CY2022 selb Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
20882000 usd
CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
14497000 usd
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-25687000 usd
CY2020 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-68876000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144758555 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114328798 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101202176 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1116334 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145874889 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114328798 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101202176 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.68
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.68
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18013373 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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Show.js Edgar Link pending
selb-20221231_cal.xml Edgar Link unprocessable
selb-20221231_def.xml Edgar Link unprocessable
selb-20221231_lab.xml Edgar Link unprocessable
selb-20221231_pre.xml Edgar Link unprocessable
selb-20221231_htm.xml Edgar Link completed