2014 Q4 Form 10-Q Financial Statement
#000117825314000020 Filed on November 13, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $1.060M | $61.00K | $4.163M |
YoY Change | -71.12% | -98.53% | |
Cost Of Revenue | $3.660M | $3.986M | |
YoY Change | -8.18% | ||
Gross Profit | $720.0K | $177.0K | |
YoY Change | 306.78% | ||
Gross Profit Margin | 1180.33% | 4.25% | |
Selling, General & Admin | $2.030M | $2.121M | $1.141M |
YoY Change | 65.04% | 85.89% | |
% of Gross Profit | 294.58% | 644.63% | |
Research & Development | $2.670M | $2.478M | $1.050M |
YoY Change | 130.17% | 136.0% | |
% of Gross Profit | 344.17% | 593.22% | |
Depreciation & Amortization | $320.0K | $303.0K | $321.0K |
YoY Change | -5.61% | ||
% of Gross Profit | 42.08% | 181.36% | |
Operating Expenses | $4.700M | $4.599M | $2.189M |
YoY Change | 95.83% | 110.1% | |
Operating Profit | -$4.538M | -$2.012M | |
YoY Change | 125.55% | ||
Interest Expense | $0.00 | $0.00 | -$46.00K |
YoY Change | -100.0% | -100.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | -$1.948M |
YoY Change | -100.0% | ||
Pretax Income | -$3.640M | -$4.538M | -$3.960M |
YoY Change | -83.25% | 14.6% | |
Income Tax | -$260.0K | -$338.0K | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$3.080M | -$3.804M | -$3.960M |
YoY Change | -85.83% | -3.94% | |
Net Earnings / Revenue | -290.57% | -6236.07% | -95.12% |
Basic Earnings Per Share | -$0.45 | -$11.79 | |
Diluted Earnings Per Share | -$3.624M | -$0.45 | -$11.79 |
COMMON SHARES | |||
Basic Shares Outstanding | 8.512M shares | 8.505M shares | 335.9K shares |
Diluted Shares Outstanding | 8.505M shares | 335.9K shares |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $32.20M | $34.00M | |
YoY Change | |||
Cash & Equivalents | $32.24M | $34.04M | $926.0K |
Short-Term Investments | |||
Other Short-Term Assets | $3.000K | $1.800M | |
YoY Change | -40.0% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.118M | $999.0K | |
Other Receivables | $0.00 | ||
Total Short-Term Assets | $39.65M | $36.80M | |
YoY Change | 369.58% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $0.00 | $5.060M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $25.00K | $106.0K | |
YoY Change | 0.0% | ||
Total Long-Term Assets | $25.00K | $5.166M | |
YoY Change | -99.37% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $39.65M | $36.80M | |
Total Long-Term Assets | $25.00K | $5.166M | |
Total Assets | $39.67M | $41.96M | |
YoY Change | 220.27% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $426.0K | $640.0K | |
YoY Change | -71.99% | ||
Accrued Expenses | $2.245M | $2.021M | |
YoY Change | 206.69% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $5.348M | $3.197M | |
YoY Change | -73.2% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | $900.0K | $2.600M | |
YoY Change | |||
Total Long-Term Liabilities | $900.0K | $2.600M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.348M | $3.197M | |
Total Long-Term Liabilities | $900.0K | $2.600M | |
Total Liabilities | $6.241M | $5.822M | |
YoY Change | -81.28% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$117.5M | -$114.4M | |
YoY Change | 3.74% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $33.43M | $36.14M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $39.67M | $41.96M | |
YoY Change | 220.27% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.080M | -$3.804M | -$3.960M |
YoY Change | -85.83% | -3.94% | |
Depreciation, Depletion And Amortization | $320.0K | $303.0K | $321.0K |
YoY Change | -5.61% | ||
Cash From Operating Activities | -$1.720M | -$3.680M | -$150.0K |
YoY Change | 2353.33% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | -$70.00K | -$310.0K | -$60.00K |
YoY Change | 416.67% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | -$70.00K | -$310.0K | -$50.00K |
YoY Change | 520.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | -400.0K | 260.0K |
YoY Change | -253.85% | ||
NET CHANGE | |||
Cash From Operating Activities | -1.720M | -3.680M | -150.0K |
Cash From Investing Activities | -70.00K | -310.0K | -50.00K |
Cash From Financing Activities | 0.000 | -400.0K | 260.0K |
Net Change In Cash | -1.790M | -4.390M | 60.00K |
YoY Change | -7416.67% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.720M | -$3.680M | -$150.0K |
Capital Expenditures | -$70.00K | -$310.0K | -$60.00K |
Free Cash Flow | -$1.650M | -$3.370M | -$90.00K |
YoY Change | 3644.44% |
Facts In Submission
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---|---|---|---|---|
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1932000 | USD |
CY2014Q3 | us-gaap |
Accounts Payable Current
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Accounts Receivable Net Current
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CY2014Q3 | us-gaap |
Accounts Receivable Net Current
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|
999000 | USD |
CY2014Q3 | us-gaap |
Accrued Liabilities Current
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|
2021000 | USD |
CY2013Q4 | us-gaap |
Accrued Liabilities Current
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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17669000 | USD |
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Additional Paid In Capital
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|
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Additional Paid In Capital
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Allocated Share Based Compensation Expense
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Allocated Share Based Compensation Expense
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Allowance For Doubtful Accounts Receivable
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Allowance For Doubtful Accounts Receivable
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Allowance For Doubtful Accounts Receivable Recoveries
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Allowance For Doubtful Accounts Receivable Recoveries
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10000 | USD | |
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Asset Impairment Charges
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Asset Impairment Charges
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Assets
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Assets Current
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents Period Increase Decrease
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Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
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Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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Common Stock Par Or Stated Value Per Share
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Cost Of Revenue
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|
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Earnings Per Share Basic
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|
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-0.59 | ||
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Extinguishment Of Debt Amount
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Extinguishment Of Debt Amount
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Fair Value Adjustment Of Warrants
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us-gaap |
Fair Value Adjustment Of Warrants
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Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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Gain Loss On Disposition Of Assets1
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Gain Loss On Disposition Of Assets1
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us-gaap |
Gain Loss On Disposition Of Assets1
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Gains Losses On Extinguishment Of Debt
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Gains Losses On Extinguishment Of Debt
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|
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CY2013Q3 | us-gaap |
Gross Profit
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|
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us-gaap |
Gross Profit
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|
653000 | USD | |
CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
720000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
1927000 | USD | |
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Increase Decrease In Accounts Payable And Accrued Liabilities
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180000 | USD | |
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907000 | USD | |
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Increase Decrease In Accounts Receivable
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252000 | USD | |
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Increase Decrease In Deferred Revenue
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|
147000 | USD | |
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1580000 | USD | |
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Increase Decrease In Interest Payable Net
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876000 | USD | |
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|
307000 | USD | |
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Incremental Common Shares Attributable To Call Options And Warrants
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|
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|
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|
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|
0 | shares | |
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Insured Event Gain Loss
InsuredEventGainLoss
|
165000 | USD | |
us-gaap |
Insured Event Gain Loss
InsuredEventGainLoss
|
0 | USD | |
CY2014Q3 | us-gaap |
Insured Event Gain Loss
InsuredEventGainLoss
|
0 | USD |
CY2013Q3 | us-gaap |
Insured Event Gain Loss
InsuredEventGainLoss
|
0 | USD |
CY2013Q3 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
249000 | USD |
us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD | |
us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
703000 | USD | |
CY2014Q3 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-49000 | USD | |
CY2013Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-46000 | USD |
CY2014Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
0 | USD |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-142000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
148000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
49000 | USD | |
CY2013Q3 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
237000 | USD |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
687000 | USD | |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
702000 | USD | |
CY2014Q3 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
235000 | USD |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
33339000 | USD |
CY2014Q3 | us-gaap |
Liabilities
Liabilities
|
5822000 | USD |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
12387000 | USD |
CY2014Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
41964000 | USD |
CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
18477000 | USD |
CY2014Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3197000 | USD |
us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
282000 | USD | |
CY2014Q3 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
93000 | USD |
CY2013Q3 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
29000 | USD |
us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
91000 | USD | |
CY2014Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
15000000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
40801000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
902000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-416000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
618000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2979000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-7751000 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3960000 | USD |
CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3804000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-8732000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2792000 | USD | |
CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-3804000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-12872000 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-3960000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-8732000 | USD | |
CY2014Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
0 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
7877000 | USD | |
CY2013Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1948000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-4020000 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
5365000 | USD | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
2189000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
10963000 | USD | |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
4524000 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3804000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4712000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9036000 | USD | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2012000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
5013000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
1156000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
1123000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
1104000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
1075000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
291000 | USD |
CY2014Q3 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
264000 | USD |
CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
114000 | USD |
CY2014Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
106000 | USD |
CY2013Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2014Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-10000 | USD | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
0 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
6875000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
370000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
632000 | USD | |
CY2014Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1373000 | USD |
CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
489000 | USD |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | USD | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
899000 | USD | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
216000 | USD | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
0 | USD | |
CY2014Q2 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
54583000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
62000000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
544000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
68000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
0 | USD | |
CY2014Q1 | us-gaap |
Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
|
500000 | USD |
CY2012Q3 | us-gaap |
Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
|
313000 | USD |
CY2013Q3 | us-gaap |
Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
|
1500000 | USD |
us-gaap |
Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
|
0 | USD | |
us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
988000 | USD | |
us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
0 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
9000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3000 | USD | |
CY2013Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD |
CY2014Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
55000 | USD | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | USD | |
CY2013Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-3960000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
-1159000 | USD | |
CY2014Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-3804000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
-8732000 | USD | |
CY2013Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
23070000 | USD |
CY2014Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
23507000 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5401000 | USD |
CY2014Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5060000 | USD |
us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
0 | USD | |
CY2013Q3 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
0 | USD |
CY2014Q3 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
0 | USD |
us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
500000 | USD | |
CY2013Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1050000 | USD |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2478000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3203000 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5621000 | USD | |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-113277000 | USD |
CY2014Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-114436000 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
5466000 | USD | |
CY2013Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
1822000 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
5466000 | USD | |
CY2014Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
1822000 | USD |
us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition and Deferred Revenue</font></div><div style="line-height:120%;padding-top:8px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company derives the majority of its revenue from providing contract research and development services under fee for service arrangements. The Company also has entered into collaboration arrangements in exchange for non-refundable upfront payments and consideration as services are performed. These arrangements include multiple elements, such as the sale of licenses and the provision of services. Under these arrangements, the Company also is entitled to receive development milestone payments and royalties in the form of a designated percentage of product sales.</font></div><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue is recognized when all of the following conditions are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered, (iii) fees are fixed or determinable, and (iv) collection of fees is reasonably assured.</font></div><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">When entering into an arrangement, the Company first determines whether the arrangement includes multiple deliverables and is subject to accounting guidance in ASC subtopic 605-25, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Multiple-Element Arrangements</font><font style="font-family:inherit;font-size:10pt;">. If the Company determines that an arrangement includes multiple elements, it determines whether the arrangement should be divided into separate units of accounting and how the arrangement consideration should be measured and allocated among the separate units of accounting.</font></div><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An element qualifies as a separate unit of accounting when the delivered element has standalone value to the customer. The Company’s arrangements do not include a general right of return relative to delivered elements. Any delivered elements that do not qualify as separate units of accounting are combined with other undelivered elements within the arrangement as a single unit of accounting. If the arrangement constitutes a single combined unit of accounting, the Company determines the revenue recognition method for the combined unit of accounting and recognizes the revenue over the period from inception through the date the last deliverable within the single unit of accounting is delivered.</font></div><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s contract research and development services revenue is recognized in the period in which the services are performed. The Company historically has recognized milestone payments received on a straight-line basis over the remaining service period. No milestone payments were received in the periods presented in the accompanying statements of operations. In arrangements that include license rights and other non-contingent deliverables, such as participation in a steering committee, these deliverables do not have standalone value because the non-contingent deliverables are dependent on the license rights. That is, the non-contingent deliverables would not have value without the license rights, and only the Company can perform the related services. Upfront license rights and non-contingent deliverables, such as participation in a steering committee, do not have standalone value as they are not sold separately and they cannot be resold. In addition, when non-contingent deliverables are sold with upfront license rights, the license rights do not represent the culmination of a separate earnings process. As such, the Company accounts for the license and the non-contingent deliverables as a single combined unit of accounting. Therefore, license revenue in the form of non-refundable upfront payments is deferred and recognized over the applicable relationship period, which historically has been the estimated period of the Company’s substantive performance obligations or the period the rights granted are in effect. The Company recognizes contingent event-based payments under license agreements when the payments are received. The Company recognized an immaterial amount of license revenue from the receipt of upfront payments in the accompanying statement of operations. The Company has not received any royalty payments to date.</font></div><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company will recognize a milestone payment when earned if it is substantive and the Company has </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> ongoing performance obligations related to the milestone. A milestone payment is considered substantive if it: 1) is commensurate with either the Company’s performance to achieve the milestone or the enhanced value of the delivered item as a result of a specific outcome from the Company’s performance to achieve the milestone; 2) relates solely to past performance; and 3) is reasonable relative to all of the deliverables and payment terms, including other potential milestone consideration, within the arrangement.</font></div><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts received prior to satisfying all revenue recognition criteria are recorded as deferred revenue in the accompanying balance sheets.</font></div><div style="line-height:120%;padding-top:16px;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s deferred revenue comprises upfront payments received and is recognized over the estimated relationship period. The Company received upfront payments of </font><font style="font-family:inherit;font-size:10pt;">$313</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$1,500</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$500</font><font style="font-family:inherit;font-size:10pt;"> in August 2012, August 2013 and January 2014, respectively, which are recognized over periods of </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months, </font><font style="font-family:inherit;font-size:10pt;">70</font><font style="font-family:inherit;font-size:10pt;"> months and </font><font style="font-family:inherit;font-size:10pt;">48</font><font style="font-family:inherit;font-size:10pt;"> months, respectively. The Company recognized revenue from these upfront payments of </font><font style="font-family:inherit;font-size:10pt;">$93</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$282</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">for the three and nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">September 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$29</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$91</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">for the three and nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">September 30, 2013</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div> | ||
CY2013Q3 | us-gaap |
Revenues
Revenues
|
4163000 | USD |
us-gaap |
Revenues
Revenues
|
13184000 | USD | |
us-gaap |
Revenues
Revenues
|
13727000 | USD | |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
4380000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7718000 | USD | |
CY2014Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
2558000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
8261000 | USD | |
CY2013Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
2341000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5507000 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3150000 | USD | |
CY2013Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1141000 | USD |
CY2014Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2046000 | USD |
CY2014Q2 | us-gaap |
Severance Costs1
SeveranceCosts1
|
379000 | USD |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
49734 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
137610 | shares |
CY2014Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
625627 | shares |
CY2014Q2 | us-gaap |
Share Price
SharePrice
|
10.00 | |
us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
1691884 | shares | |
us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
10048 | shares | |
CY2014Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
6200000 | shares |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
6200000 | shares | |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
416 | shares | |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-108109000 | USD |
CY2014Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36142000 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
0.25 | |
CY2014Q2 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
0.196 | |
us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-4 reverse stock split | ||
CY2013Q3 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
0 | USD |
us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
0 | USD | |
CY2014Q3 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
0 | USD |
us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
-510000 | USD | |
CY2014Q2 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
29135824 | shares |
CY2013Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
343000 | USD |
CY2014Q3 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
390000 | USD |
CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8504785 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
335930 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
335938 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4976965 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
335930 | shares | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8504785 | shares |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
335938 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4703278 | shares | |
CY2014Q3 | scyx |
Additional Milestone Payments Maximum
AdditionalMilestonePaymentsMaximum
|
2300000 | USD |
CY2014Q3 | scyx |
Common Stock Capital Shares Reserved For Future Issuance For Conversion Of Preferred Stock And Exercise Of Warrants
CommonStockCapitalSharesReservedForFutureIssuanceForConversionOfPreferredStockAndExerciseOfWarrants
|
0 | shares |
CY2013Q4 | scyx |
Common Stock Capital Shares Reserved For Future Issuance For Conversion Of Preferred Stock And Exercise Of Warrants
CommonStockCapitalSharesReservedForFutureIssuanceForConversionOfPreferredStockAndExerciseOfWarrants
|
1675812 | shares |
CY2013Q4 | scyx |
Common Stock Capital Shares Reserved For Future Issuance Of Exercise Of Outstanding Warrants
CommonStockCapitalSharesReservedForFutureIssuanceOfExerciseOfOutstandingWarrants
|
257242 | shares |
CY2014Q3 | scyx |
Common Stock Capital Shares Reserved For Future Issuance Of Exercise Of Outstanding Warrants
CommonStockCapitalSharesReservedForFutureIssuanceOfExerciseOfOutstandingWarrants
|
0 | shares |
scyx |
Deemed Contribution Of Loan Guarantee
DeemedContributionOfLoanGuarantee
|
3930000 | USD | |
scyx |
Deemed Contribution Of Loan Guarantee
DeemedContributionOfLoanGuarantee
|
0 | USD | |
scyx |
Deemed Dividend Associated With Beneficial Conversion Of Convertible Preferred Stock
DeemedDividendAssociatedWithBeneficialConversionOfConvertiblePreferredStock
|
909000 | USD | |
CY2013Q3 | scyx |
Deemed Dividend Associated With Beneficial Conversion Of Convertible Preferred Stock
DeemedDividendAssociatedWithBeneficialConversionOfConvertiblePreferredStock
|
0 | USD |
CY2013Q3 | scyx |
Deferred Revenue Recognition Period
DeferredRevenueRecognitionPeriod
|
P70M | |
CY2014Q1 | scyx |
Deferred Revenue Recognition Period
DeferredRevenueRecognitionPeriod
|
P48M | |
scyx |
Deemed Dividend Associated With Beneficial Conversion Of Convertible Preferred Stock
DeemedDividendAssociatedWithBeneficialConversionOfConvertiblePreferredStock
|
0 | USD | |
CY2014Q3 | scyx |
Deemed Dividend Associated With Beneficial Conversion Of Convertible Preferred Stock
DeemedDividendAssociatedWithBeneficialConversionOfConvertiblePreferredStock
|
0 | USD |
CY2013Q3 | scyx |
Deemed Dividend For Antidilution Adjustments To Convertible Preferred Stock
DeemedDividendForAntidilutionAdjustmentsToConvertiblePreferredStock
|
0 | USD |
scyx |
Deemed Dividend For Antidilution Adjustments To Convertible Preferred Stock
DeemedDividendForAntidilutionAdjustmentsToConvertiblePreferredStock
|
0 | USD | |
CY2014Q3 | scyx |
Deemed Dividend For Antidilution Adjustments To Convertible Preferred Stock
DeemedDividendForAntidilutionAdjustmentsToConvertiblePreferredStock
|
0 | USD |
scyx |
Deemed Dividend For Antidilution Adjustments To Convertible Preferred Stock
DeemedDividendForAntidilutionAdjustmentsToConvertiblePreferredStock
|
214000 | USD | |
scyx |
Deferred Offering Costs Reclassified To Additional Paid In Capital
DeferredOfferingCostsReclassifiedToAdditionalPaidInCapital
|
4127000 | USD | |
scyx |
Deferred Offering Costs Reclassified To Additional Paid In Capital
DeferredOfferingCostsReclassifiedToAdditionalPaidInCapital
|
0 | USD | |
scyx |
Issuance Of Common Stock Pursuant To Conversion Of Warrants Shares
IssuanceOfCommonStockPursuantToConversionOfWarrantsShares
|
275687 | shares | |
CY2012Q3 | scyx |
Deferred Revenue Recognition Period
DeferredRevenueRecognitionPeriod
|
P6M | |
scyx |
Derivative Fair Value Gain Loss From Mark To Market Adjustment
DerivativeFairValueGainLossFromMarkToMarketAdjustment
|
-10442000 | USD | |
CY2013Q3 | scyx |
Derivative Fair Value Gain Loss From Mark To Market Adjustment
DerivativeFairValueGainLossFromMarkToMarketAdjustment
|
671000 | USD |
scyx |
Derivative Fair Value Gain Loss From Mark To Market Adjustment
DerivativeFairValueGainLossFromMarkToMarketAdjustment
|
671000 | USD | |
scyx |
Excess Of Fair Value Warrants Over Proceeds
ExcessOfFairValueWarrantsOverProceeds
|
362000 | USD | |
scyx |
Excess Of Fair Value Warrants Over Proceeds
ExcessOfFairValueWarrantsOverProceeds
|
269000 | USD | |
CY2013Q3 | scyx |
Excess Of Fair Value Warrants Over Proceeds
ExcessOfFairValueWarrantsOverProceeds
|
0 | USD |
scyx |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
-38000 | USD | |
scyx |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
-97000 | USD | |
CY2014Q1 | scyx |
Ipo Gross Proceeds Threshold That Triggers Automatic Conversion Of Preferred Stock
IpoGrossProceedsThresholdThatTriggersAutomaticConversionOfPreferredStock
|
20000000 | USD |
CY2014Q2 | scyx |
Issuance Of Common Stock Pursuant To Conversion Of Warrants Shares
IssuanceOfCommonStockPursuantToConversionOfWarrantsShares
|
275687 | shares |
CY2014Q2 | scyx |
Issuance Of Common Stock Pursuant To Conversion Of Warrants Shares
IssuanceOfCommonStockPursuantToConversionOfWarrantsShares
|
275687 | shares |
scyx |
Lease Expiration Extension Date Under Option
LeaseExpirationExtensionDateUnderOption
|
2024-03-31 | ||
scyx |
Lease Expiration Year
LeaseExpirationYear
|
2019 | ||
scyx |
Milestone Payments
MilestonePayments
|
19000000 | USD | |
CY2014Q3 | scyx |
Number Of License Agreements
NumberOfLicenseAgreements
|
2 | Agreement |
CY2014Q2 | scyx |
Offering Expenses
OfferingExpenses
|
4127000 | USD |
scyx |
Property And Equipment Purchases In Accounts Payable
PropertyAndEquipmentPurchasesInAccountsPayable
|
11000 | USD | |
scyx |
Property And Equipment Purchases In Accounts Payable
PropertyAndEquipmentPurchasesInAccountsPayable
|
0 | USD | |
CY2014Q3 | scyx |
Remaining Unpaid Accrued Severance Balance
RemainingUnpaidAccruedSeveranceBalance
|
163000 | USD |
scyx |
Required Percentage Written Consent By Holders Of Outstanding Aggregated Principle Amount Of Convertible Notes
RequiredPercentageWrittenConsentByHoldersOfOutstandingAggregatedPrincipleAmountOfConvertibleNotes
|
0.70 | ||
scyx |
Severance Disbursements
SeveranceDisbursements
|
216000 | USD | |
CY2014Q2 | scyx |
Temporary Equity Shares Issued And Outstanding
TemporaryEquitySharesIssuedAndOutstanding
|
17803273 | shares |
scyx |
Warrant Derivative Liability Reclassified To Additional Paid In Capital
WarrantDerivativeLiabilityReclassifiedToAdditionalPaidInCapital
|
0 | USD | |
scyx |
Warrant Derivative Liability Reclassified To Additional Paid In Capital
WarrantDerivativeLiabilityReclassifiedToAdditionalPaidInCapital
|
2701000 | USD | |
CY2013Q3 | scyx |
Warrant Derivative Liability Reclassified To Additional Paid In Capital
WarrantDerivativeLiabilityReclassifiedToAdditionalPaidInCapital
|
0 | USD |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001178253 | ||
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
8512103 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1999-11-04 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
SCYNEXIS INC |