2019 Q2 Form 10-Q Financial Statement
#000156459019018686 Filed on May 13, 2019
Income Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.700M | $2.010M | $1.870M |
YoY Change | -3.95% | 7.49% | 78.78% |
% of Gross Profit | |||
Research & Development | $3.750M | $2.760M | $1.180M |
YoY Change | 118.79% | 133.9% | 260.86% |
% of Gross Profit | |||
Depreciation & Amortization | $490.0K | $490.0K | $490.0K |
YoY Change | 0.0% | 0.0% | 226.67% |
% of Gross Profit | |||
Operating Expenses | $5.623M | $4.978M | $3.475M |
YoY Change | 64.75% | 43.25% | 153.1% |
Operating Profit | -$5.623M | -$4.978M | -$3.475M |
YoY Change | 64.75% | 43.25% | 153.1% |
Interest Expense | -$170.0K | -$190.0K | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$4.385M | -$2.052M | $185.0K |
YoY Change | 36.1% | -1209.19% | -127.53% |
Pretax Income | -$10.01M | -$7.030M | -$3.290M |
YoY Change | 50.75% | 113.68% | 60.49% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$10.01M | -$7.030M | -$3.804M |
YoY Change | 41.8% | 84.81% | 31.76% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$315.0K | -$221.3K | -$194.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 31.78M | 31.76M | 19.49M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $16.13M | $20.19M | $14.87M |
YoY Change | 28.12% | 35.78% | 41.08% |
Cash & Equivalents | $15.50M | $19.40M | $14.87M |
Short-Term Investments | $620.0K | $790.0K | |
Other Short-Term Assets | $470.0K | $600.0K | $940.0K |
YoY Change | -34.72% | -36.17% | 213.33% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $16.62M | $20.87M | $15.81M |
YoY Change | 24.82% | 31.99% | 33.97% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $22.00K | $19.00K | $17.00K |
YoY Change | 69.23% | 11.76% | -81.72% |
Goodwill | |||
YoY Change | |||
Intangibles | $17.50M | $17.98M | $19.93M |
YoY Change | -10.0% | -9.76% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $126.0K | ||
YoY Change | 0.0% | ||
Total Long-Term Assets | $17.52M | $18.00M | $20.52M |
YoY Change | -12.55% | -12.28% | -6.99% |
TOTAL ASSETS | |||
Total Short-Term Assets | $16.62M | $20.87M | $15.81M |
Total Long-Term Assets | $17.52M | $18.00M | $20.52M |
Total Assets | $34.13M | $38.87M | $36.33M |
YoY Change | 2.37% | 6.98% | 7.28% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.740M | $1.258M | $1.133M |
YoY Change | 77.37% | 11.03% | 21.18% |
Accrued Expenses | $1.120M | $990.0K | $720.0K |
YoY Change | 30.23% | 37.5% | -41.94% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.855M | $2.250M | $1.942M |
YoY Change | 46.79% | 15.86% | -10.59% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $17.44M | $12.99M | $13.00K |
YoY Change | 134053.85% | 99823.08% | -98.92% |
Total Long-Term Liabilities | $17.44M | $12.99M | $13.00K |
YoY Change | 134053.85% | 99823.08% | -98.92% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.855M | $2.250M | $1.942M |
Total Long-Term Liabilities | $17.44M | $12.99M | $13.00K |
Total Liabilities | $20.29M | $15.24M | $13.08M |
YoY Change | 21.53% | 16.49% | 251.49% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$134.1M | -$117.5M | |
YoY Change | 14.09% | 16.11% | |
Common Stock | $157.7M | $140.8M | |
YoY Change | 12.04% | 7.16% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $13.84M | $23.63M | $23.25M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $34.13M | $38.87M | $36.33M |
YoY Change | 2.36% | 6.98% | 7.28% |
Cashflow Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$10.01M | -$7.030M | -$3.804M |
YoY Change | 41.8% | 84.81% | 31.76% |
Depreciation, Depletion And Amortization | $490.0K | $490.0K | $490.0K |
YoY Change | 0.0% | 0.0% | 226.67% |
Cash From Operating Activities | -$3.890M | -$3.687M | -$2.520M |
YoY Change | 41.45% | 46.31% | 15.44% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$10.00K | $10.00K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$10.00K | -$10.00K | $0.00 |
YoY Change | -100.0% | ||
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 | 0.000 | 288.0K |
YoY Change | -100.0% | -100.0% | -97.12% |
NET CHANGE | |||
Cash From Operating Activities | -3.890M | -3.687M | -2.520M |
Cash From Investing Activities | -10.00K | -10.00K | 0.000 |
Cash From Financing Activities | 0.000 | 0.000 | 288.0K |
Net Change In Cash | -3.900M | -3.697M | -2.232M |
YoY Change | 76.47% | 65.64% | -128.57% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.890M | -$3.687M | -$2.520M |
Capital Expenditures | -$10.00K | $10.00K | |
Free Cash Flow | -$3.880M | -$3.697M | |
YoY Change | 41.09% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Minority Interest Investment In Subsidiary
MinorityInterestInvestmentInSubsidiary
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|
24670000 | |
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Property Plant And Equipment Net
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|
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Property Plant And Equipment Net
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|
12000 | |
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Intangible Assets Net Excluding Goodwill
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|
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Intangible Assets Net Excluding Goodwill
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Accrued Liabilities And Other Liabilities
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|
1877000 | |
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Asset Acquisition Contingent Consideration Liability Noncurrent
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|
5855000 | |
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Asset Acquisition Contingent Consideration Liability Noncurrent
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Liabilities
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Liabilities
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|
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Commitments And Contingencies
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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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Prepaid Expense And Other Assets Current
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Prepaid Expense And Other Assets Current
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Retained Earnings Accumulated Deficit
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Preferred Stock Par Or Stated Value Per Share
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Payments To Acquire Property Plant And Equipment
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|
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|
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Gain Loss On Contract Termination
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Depreciation And Amortization
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Share Based Compensation
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|
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Increase Decrease In Accounts Payable
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|
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-3697000 | |
CY2018Q1 | slno |
Cash And Cash Equivalents Period Increase Decrease Included In Current Assets Held For Sale
CashAndCashEquivalentsPeriodIncreaseDecreaseIncludedInCurrentAssetsHeldForSale
|
-2000 | |
CY2018Q1 | slno |
Accrued Liability For Cost Of Issuing Common Stock
AccruedLiabilityForCostOfIssuingCommonStock
|
91000 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.03 | |
CY2019Q1 | slno |
Working Capital
WorkingCapital
|
18600000 | |
CY2015Q3 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P4Y | |
CY2015Q3 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
8171 | |
CY2015Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
23300 | |
CY2015Q3 | slno |
Lessee Leasing Arrangements Operating Leases Increasesto Monthly Payments Term
LesseeLeasingArrangementsOperatingLeasesIncreasestoMonthlyPaymentsTerm
|
P3Y | |
CY2016Q1 | slno |
Additional Operating Lease Office Space
AdditionalOperatingLeaseOfficeSpace
|
5265 | |
CY2019Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
54000 | |
CY2018Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
85000 | |
CY2019Q1 | us-gaap |
Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
|
65000 | |
CY2018Q1 | us-gaap |
Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
|
98000 | |
CY2018Q4 | us-gaap |
Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
|
2000000 | |
CY2019Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
202000 | |
CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
359000 | |
CY2018Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.026 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.027 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.71 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.70 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.08 | |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
1500000 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
476000 | |
CY2019Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9962085 | |
CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9599742 | |
CY2017Q1 | slno |
Asset Acquisition Fair Value Of Stock Consideration
AssetAcquisitionFairValueOfStockConsideration
|
4200000 | |
CY2017Q1 | slno |
Asset Acquisition Fair Value Of Cash Consideration
AssetAcquisitionFairValueOfCashConsideration
|
1100000 | |
CY2017Q1 | slno |
Asset Acquisition Consideration Transferred1
AssetAcquisitionConsiderationTransferred1
|
5300000 | |
CY2019Q1 | slno |
First Commercial Sales Milestone
FirstCommercialSalesMilestone
|
100000000 | |
CY2019Q1 | slno |
Second Commercial Sales Milestone
SecondCommercialSalesMilestone
|
200000000 | |
CY2019Q1 | slno |
Contingent Liability Payment On Achievement Of Sales Milestone
ContingentLiabilityPaymentOnAchievementOfSalesMilestone
|
5900000 | |
CY2017Q1 | slno |
Contingent Liability Payment On Achievement Of Sales Milestone
ContingentLiabilityPaymentOnAchievementOfSalesMilestone
|
2600000 |