2016 Q4 Form 10-Q Financial Statement
#000147929016000057 Filed on November 04, 2016
Income Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
Revenue | $75.00K | $75.00K | $75.00K |
YoY Change | 0.0% | 0.0% | 0.0% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $7.100M | $7.502M | $5.827M |
YoY Change | 2.75% | 28.75% | 9.94% |
% of Gross Profit | |||
Research & Development | $12.53M | $10.30M | $13.02M |
YoY Change | -16.24% | -20.9% | 51.35% |
% of Gross Profit | |||
Depreciation & Amortization | $380.0K | $370.0K | $510.0K |
YoY Change | -7.32% | -27.45% | -15.0% |
% of Gross Profit | |||
Operating Expenses | $19.63M | $17.80M | $18.84M |
YoY Change | -10.2% | -5.55% | 35.56% |
Operating Profit | -$17.72M | -$18.77M | |
YoY Change | -5.57% | 35.75% | |
Interest Expense | -$10.00K | $256.0K | $390.0K |
YoY Change | -95.0% | -34.36% | 71.05% |
% of Operating Profit | |||
Other Income/Expense, Net | -$130.0K | -$138.0K | -$98.00K |
YoY Change | 18.18% | 40.82% | 1860.0% |
Pretax Income | -$26.80M | -$17.98M | -$19.18M |
YoY Change | 21.32% | -6.26% | 37.2% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$26.80M | -$17.98M | -$19.18M |
YoY Change | 21.31% | -6.24% | 37.19% |
Net Earnings / Revenue | -35736.0% | -23970.67% | -25566.67% |
Basic Earnings Per Share | -$0.64 | -$0.81 | |
Diluted Earnings Per Share | -$950.4K | -$0.64 | -$0.81 |
COMMON SHARES | |||
Basic Shares Outstanding | 28.52M shares | 28.16M shares | 23.76M shares |
Diluted Shares Outstanding | 28.16M shares | 23.76M shares |
Balance Sheet
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $185.5M | $201.3M | $141.9M |
YoY Change | -26.48% | 41.86% | -24.32% |
Cash & Equivalents | $63.50M | $130.5M | $90.49M |
Short-Term Investments | $122.0M | $70.80M | $51.40M |
Other Short-Term Assets | $163.0K | $7.400M | $1.600M |
YoY Change | -38.95% | 362.5% | 1760.47% |
Inventory | |||
Prepaid Expenses | $978.0K | ||
Receivables | $128.0K | ||
Other Receivables | $53.00K | ||
Total Short-Term Assets | $192.7M | $208.7M | $143.5M |
YoY Change | -24.12% | 45.42% | -24.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $10.59M | $17.39M | $19.25M |
YoY Change | -46.29% | -9.71% | 10.69% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | $0.00 | $2.400M |
YoY Change | -100.0% | -100.0% | |
Other Assets | $500.0K | $213.0K | $6.000K |
YoY Change | 3450.0% | -96.72% | |
Total Long-Term Assets | $11.67M | $18.18M | $22.02M |
YoY Change | -46.64% | -17.44% | 22.24% |
TOTAL ASSETS | |||
Total Short-Term Assets | $192.7M | $208.7M | $143.5M |
Total Long-Term Assets | $11.67M | $18.18M | $22.02M |
Total Assets | $204.4M | $226.9M | $165.5M |
YoY Change | -25.91% | 37.06% | -20.78% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.754M | $2.871M | $2.731M |
YoY Change | 41.29% | 5.13% | 2.44% |
Accrued Expenses | $12.42M | $11.31M | $5.990M |
YoY Change | 98.85% | 88.75% | 80.58% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $3.500M | $3.300M | $3.000M |
YoY Change | 12.9% | 10.0% | -65.91% |
Total Short-Term Liabilities | $19.65M | $17.52M | $11.74M |
YoY Change | 63.22% | 49.21% | -20.4% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.900M | $2.800M | $6.200M |
YoY Change | -64.15% | -54.84% | 588.89% |
Other Long-Term Liabilities | $100.0K | $100.0K | $5.200M |
YoY Change | -98.08% | -1.89% | |
Total Long-Term Liabilities | $100.0K | $100.0K | $11.40M |
YoY Change | -99.12% | 83.87% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $19.65M | $17.52M | $11.74M |
Total Long-Term Liabilities | $100.0K | $100.0K | $11.40M |
Total Liabilities | $27.29M | $26.14M | $23.16M |
YoY Change | 20.91% | 12.89% | 10.23% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$421.5M | -$394.7M | -$310.2M |
YoY Change | 26.87% | 27.26% | 26.82% |
Common Stock | $598.7M | $595.4M | $452.5M |
YoY Change | 2.24% | 31.58% | 4.63% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $177.1M | $200.7M | $142.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $204.4M | $226.9M | $165.5M |
YoY Change | -25.91% | 37.06% | -20.78% |
Cashflow Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$26.80M | -$17.98M | -$19.18M |
YoY Change | 21.31% | -6.24% | 37.19% |
Depreciation, Depletion And Amortization | $380.0K | $370.0K | $510.0K |
YoY Change | -7.32% | -27.45% | -15.0% |
Cash From Operating Activities | -$13.47M | -$14.35M | -$13.71M |
YoY Change | -18.12% | 4.67% | 8.04% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$520.0K | -$160.0K | -$560.0K |
YoY Change | 8.33% | -71.43% | -72.28% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$52.33M | $93.01M | -$1.010M |
YoY Change | -5788.04% | -9308.91% | |
Cash From Investing Activities | -$52.84M | $92.84M | -$1.570M |
YoY Change | -12109.09% | -6013.38% | -22.66% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -670.0K | -660.0K | 9.350M |
YoY Change | -100.53% | -107.06% | -942.34% |
NET CHANGE | |||
Cash From Operating Activities | -13.47M | -14.35M | -13.71M |
Cash From Investing Activities | -52.84M | 92.84M | -1.570M |
Cash From Financing Activities | -670.0K | -660.0K | 9.350M |
Net Change In Cash | -66.98M | 77.83M | -5.930M |
YoY Change | -160.32% | -1412.48% | -62.54% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$13.47M | -$14.35M | -$13.71M |
Capital Expenditures | -$520.0K | -$160.0K | -$560.0K |
Free Cash Flow | -$12.95M | -$14.19M | -$13.15M |
YoY Change | -18.91% | 7.91% | 23.24% |
Facts In Submission
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-0.64 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.22 | ||
CY2016Q2 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
200000 | USD |
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
0 | USD | |
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
200000 | USD | |
CY2015Q3 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
126000 | USD |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
226000 | USD | |
CY2016Q3 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
98000 | USD |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
315000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-29000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
5852000 | USD | |
us-gaap |
Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
|
0 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-75000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
145000 | USD | |
us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
940000 | USD | |
us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
144000 | USD | |
CY2016Q3 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
306000 | USD |
CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
390000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
834000 | USD | |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
256000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
857000 | USD | |
CY2015Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
264000 | USD |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
564000 | USD | |
CY2016Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
158000 | USD |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
542000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
564000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
542000 | USD | |
CY2015Q3 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
68000 | USD |
CY2014Q1 | us-gaap |
Lessee Leasing Arrangements Operating Leases Renewal Term
LesseeLeasingArrangementsOperatingLeasesRenewalTerm
|
P36M | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
22570000 | USD |
CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
26142000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
275822000 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
226857000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
12037000 | USD |
CY2016Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
17516000 | USD |
CY2015Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
1751000 | USD |
CY2016Q3 | us-gaap |
Long Term Investments
LongTermInvestments
|
0 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
15541000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1974000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-56861000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22801000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-39218000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-46400000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-46359000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19175000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-51382000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18000000 | USD |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17978000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-62468000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-62500000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-19175000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-51382000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-17978000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-62468000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-19175000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-51382000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-17978000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-62468000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
95000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
29000 | USD | |
CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
18843000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
50756000 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
1307000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
5763000 | USD |
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
17798000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
61775000 | USD | |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18768000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-50531000 | USD | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-17723000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-61550000 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
44633000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
5578000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
5394000 | USD |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
26591000 | USD |
CY2015Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1300000 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
3900000 | USD | |
CY2016Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1300000 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
4000000 | USD | |
us-gaap |
Operations Commenced Date1
OperationsCommencedDate1
|
2002-06-30 | ||
CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
213000 | USD |
CY2015Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
22000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
10000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-132000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
56000 | USD | |
CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
100000 | USD |
CY2015Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-98000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-221000 | USD | |
CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-138000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-406000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
0 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
243000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
762000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
359000 | USD | |
CY2016Q2 | us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
1800000 | USD |
us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
0 | USD | |
us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
1800000 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
54087000 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
159754000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2849000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1152000 | USD | |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1625000 | USD |
CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
7428000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10154000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
0 | USD | |
CY2016Q3 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
5000000 | shares |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
2652000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
139050000 | USD | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
1000000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
738000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1250000 | USD | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
19708000 | USD |
CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
17385000 | USD |
CY2016Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
14900000 | USD |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
1768000 | USD | |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
2622000 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD | |
CY2016Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2000000 | USD |
CY2015Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
13016000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
32573000 | USD | |
CY2016Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10296000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
37851000 | USD | |
us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
0 | USD | |
us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
2000000 | USD | |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
35000 | USD |
CY2016Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
0 | USD |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
400000 | USD |
CY2016Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
580000 | USD |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-332273000 | USD |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-394741000 | USD |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
75000 | USD |
us-gaap |
Revenues
Revenues
|
225000 | USD | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
75000 | USD |
us-gaap |
Revenues
Revenues
|
225000 | USD | |
us-gaap |
Sale Leaseback Transaction Net Proceeds Financing Activities
SaleLeasebackTransactionNetProceedsFinancingActivities
|
9831000 | USD | |
us-gaap |
Sale Leaseback Transaction Net Proceeds Financing Activities
SaleLeasebackTransactionNetProceedsFinancingActivities
|
0 | USD | |
CY2015Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5827000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
18183000 | USD | |
CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
7502000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
21975000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7314000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8984000 | USD | |
CY2015Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
50688000 | USD |
CY2016Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
70770000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
253252000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
200715000 | USD |
CY2015Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | USD |
CY2016Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | USD |
CY2015Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.001 | |
CY2016Q3 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.001 | |
CY2015Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
5000000 | shares |
CY2015Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
0 | shares |
CY2016Q3 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2016Q3 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23755199 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23625869 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28160458 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28085541 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23755199 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23625869 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28160458 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28085541 | shares | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Medicis Settlement</font></div><div style="line-height:120%;padding-top:16px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2009, the Company and Medicis Pharmaceutical Corporation, or Medicis, entered into a license agreement granting Medicis worldwide aesthetic and dermatological rights to the Company’s investigational, injectable botulinum toxin type A product candidate. In October 2012, the Company entered into a settlement and termination agreement with Medicis. The terms of the settlement provided for the reacquisition of the rights related to all territories of RT002 injectable and RT001 topical from Medicis and for consideration payable by the Company to Medicis of up to </font><font style="font-family:inherit;font-size:10pt;">$25.0 million</font><font style="font-family:inherit;font-size:10pt;">, comprised of (i) an upfront payment of </font><font style="font-family:inherit;font-size:10pt;">$7.0 million</font><font style="font-family:inherit;font-size:10pt;">, which was paid in 2012, (ii) a proceeds sharing arrangement payment of </font><font style="font-family:inherit;font-size:10pt;">$14.0 million</font><font style="font-family:inherit;font-size:10pt;"> due upon specified capital raising achievements by the Company, of which </font><font style="font-family:inherit;font-size:10pt;">$6.9 million</font><font style="font-family:inherit;font-size:10pt;"> was paid in 2013 and </font><font style="font-family:inherit;font-size:10pt;">$7.1 million</font><font style="font-family:inherit;font-size:10pt;"> in 2014, and (iii) </font><font style="font-family:inherit;font-size:10pt;">$4.0 million</font><font style="font-family:inherit;font-size:10pt;"> to be paid upon the achievement of regulatory approval for RT002 injectable or RT001 topical by the Company, or Product Approval Payment. Medicis was subsequently acquired by Valeant Pharmaceuticals International, Inc. in December 2012.</font></div><div style="line-height:120%;padding-top:16px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determined that the settlement provisions related to the proceeds sharing arrangement payment in (ii) above and Product Approval Payment in (iii) above were derivative instruments that require fair value accounting as a liability and periodic fair value remeasurements until settled. </font></div><div style="line-height:120%;padding-top:16px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The proceeds sharing arrangement payment derivative in (ii) above was settled upon completion of our initial public offering, or IPO. As of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company determined the fair value of its liability for the Product Approval Payment was </font><font style="font-family:inherit;font-size:10pt;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">, which was measured by assuming a term of </font><font style="font-family:inherit;font-size:10pt;">3.5</font><font style="font-family:inherit;font-size:10pt;"> years, a risk-free rate of </font><font style="font-family:inherit;font-size:10pt;">0.95%</font><font style="font-family:inherit;font-size:10pt;"> and a credit risk adjustment of </font><font style="font-family:inherit;font-size:10pt;">9.00%</font><font style="font-family:inherit;font-size:10pt;">. The Company’s assumption for the expected term is based on an expected Biologics License Application, or BLA, approval in 2020. The Company did not make any payments under the Product Approval Payment during </font><font style="font-family:inherit;font-size:10pt;">nine months ended September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of Condensed Consolidated Financial Statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Such management estimates include accruals, stock-based compensation, the fair value of derivative liability associated with the Medicis settlement, and the valuation of deferred tax assets. The Company bases its estimates on historical experience and also on assumptions that it believes are reasonable, however, actual results could significantly differ from those estimates.</font></div></div> |