2015 Q1 Form 10-Q Financial Statement

#000139047815000024 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $2.750M $2.173M
YoY Change 26.55% -20.98%
Cost Of Revenue $393.0K $331.0K
YoY Change 18.73%
Gross Profit $2.357M $1.842M
YoY Change 27.96% -21.85%
Gross Profit Margin 85.71% 84.77%
Selling, General & Admin $3.087M $6.830M
YoY Change -54.8% 346.41%
% of Gross Profit 130.97% 370.79%
Research & Development $5.825M $6.770M
YoY Change -13.96% 33.24%
% of Gross Profit 247.14% 367.54%
Depreciation & Amortization $98.00K $232.0K
YoY Change -57.76% 11500.0%
% of Gross Profit 4.16% 12.6%
Operating Expenses $8.912M $13.60M
YoY Change -34.47% 105.72%
Operating Profit -$8.912M -$11.85M
YoY Change -24.79% 79.23%
Interest Expense $930.0K $9.480M
YoY Change -90.19% -289.6%
% of Operating Profit
Other Income/Expense, Net -$321.0K -$2.536M
YoY Change -87.34% -78.96%
Pretax Income -$8.310M -$2.540M
YoY Change 227.17% -78.93%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$10.54M -$2.536M
YoY Change 315.5% -84.62%
Net Earnings / Revenue -383.16% -116.71%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$1.831B -$654.5M
COMMON SHARES
Basic Shares Outstanding 133.7M shares 117.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.90M $52.40M
YoY Change 0.95% 92.72%
Cash & Equivalents $52.86M $52.43M
Short-Term Investments
Other Short-Term Assets $2.800M $1.500M
YoY Change 86.67% 400.0%
Inventory $637.0K $358.0K
Prepaid Expenses
Receivables $1.060M $1.466M
Other Receivables $0.00 $0.00
Total Short-Term Assets $57.32M $55.78M
YoY Change 2.76% 102.82%
LONG-TERM ASSETS
Property, Plant & Equipment $528.0K $653.0K
YoY Change -19.14% 2318.52%
Goodwill $6.069M $5.898M
YoY Change 2.9% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.200M $100.0K
YoY Change 8100.0% 0.0%
Total Long-Term Assets $51.29M $36.51M
YoY Change 40.47% 7.55%
TOTAL ASSETS
Total Short-Term Assets $57.32M $55.78M
Total Long-Term Assets $51.29M $36.51M
Total Assets $108.6M $92.29M
YoY Change 17.68% 50.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.293M $1.574M
YoY Change 109.21% -25.86%
Accrued Expenses $12.15M $9.793M
YoY Change 24.06% 30.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.994M $3.102M
YoY Change 28.76%
Total Short-Term Liabilities $33.96M $26.84M
YoY Change 26.54% 1.75%
LONG-TERM LIABILITIES
Long-Term Debt $3.534M $6.883M
YoY Change -48.66% 6783.0%
Other Long-Term Liabilities $7.000M $7.000M
YoY Change 0.0% 4.48%
Total Long-Term Liabilities $3.534M $6.883M
YoY Change -48.66% 1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.96M $26.84M
Total Long-Term Liabilities $3.534M $6.883M
Total Liabilities $49.52M $45.79M
YoY Change 8.16% 20.05%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $289.0M $231.8M
YoY Change 24.67% 74.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.849M $3.849M
YoY Change 0.0% 0.0%
Treasury Stock Shares 675.0K shares 675.0K shares
Shareholders Equity $59.08M $46.50M
YoY Change
Total Liabilities & Shareholders Equity $108.6M $92.29M
YoY Change 17.68% 50.18%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$10.54M -$2.536M
YoY Change 315.5% -84.62%
Depreciation, Depletion And Amortization $98.00K $232.0K
YoY Change -57.76% 11500.0%
Cash From Operating Activities -$11.56M -$8.048M
YoY Change 43.59% 50.97%
INVESTING ACTIVITIES
Capital Expenditures $18.00K $22.00K
YoY Change -18.18%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$518.0K -$2.032M
YoY Change -74.51% -79.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $42.12M $0.00
YoY Change
Debt Paid & Issued, Net $947.0K $3.000K
YoY Change 31466.67%
Cash From Financing Activities $41.28M $14.72M
YoY Change 180.46% 15900.0%
NET CHANGE
Cash From Operating Activities -$11.56M -$8.048M
Cash From Investing Activities -$518.0K -$2.032M
Cash From Financing Activities $41.28M $14.72M
Net Change In Cash $29.21M $4.640M
YoY Change 529.53% -130.28%
FREE CASH FLOW
Cash From Operating Activities -$11.56M -$8.048M
Capital Expenditures $18.00K $22.00K
Free Cash Flow -$11.57M -$8.070M
YoY Change 43.42% 51.38%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001390478
CY2015Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
161715398 shares
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
Galena Biopharma, Inc.
CY2015Q1 dei Trading Symbol
TradingSymbol
GALE
CY2014Q1 gale Change In Fair Value Of Common Stock Warrants Issued In Connection With Various Equity Financings
ChangeInFairValueOfCommonStockWarrantsIssuedInConnectionWithVariousEquityFinancings
9792000 USD
CY2014Q4 gale Purchase Agreement Term
PurchaseAgreementTerm
P36M
CY2015Q1 gale Change In Fair Value Of Common Stock Warrants Issued In Connection With Various Equity Financings
ChangeInFairValueOfCommonStockWarrantsIssuedInConnectionWithVariousEquityFinancings
1151000 USD
CY2014Q1 gale Change In Fair Value Of Contingent Purchase Consideration
ChangeInFairValueOfContingentPurchaseConsideration
-166000 USD
CY2015Q1 gale Change In Fair Value Of Contingent Purchase Consideration
ChangeInFairValueOfContingentPurchaseConsideration
-321000 USD
CY2014Q1 gale Change In Fair Value Of Contingent Purchase Price Consideration
ChangeInFairValueOfContingentPurchasePriceConsideration
166000 USD
CY2015Q1 gale Fair Value Of Warrants Liabilities
FairValueOfWarrantsLiabilities
14528000 USD
CY2015Q1 gale Fair Valueof Warrants Granted
FairValueofWarrantsGranted
10296000 USD
CY2014Q4 gale Fair Value Of Warrants Potentially Settleable In Cash
FairValueOfWarrantsPotentiallySettleableInCash
5383000 USD
CY2015Q1 gale Fair Value Of Warrants Potentially Settleable In Cash
FairValueOfWarrantsPotentiallySettleableInCash
14528000 USD
CY2015Q1 gale Change In Fair Value Of Contingent Purchase Price Consideration
ChangeInFairValueOfContingentPurchasePriceConsideration
321000 USD
CY2015Q1 gale Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
-1151000 USD
CY2013Q2 gale Classof Warrantor Right Average Market Price Used For Exercise Price
ClassofWarrantorRightAverageMarketPriceUsedForExercisePrice
P20D
CY2015Q1 gale Classof Warrantor Right Granted
ClassofWarrantorRightGranted
14006000 shares
CY2013Q2 gale Classof Warrantor Right Term
ClassofWarrantorRightTerm
P7Y
CY2015Q1 gale Common Stock Capital Shares Reserved For Future Issuance Of Employee Stock Purchase Plan
CommonStockCapitalSharesReservedForFutureIssuanceOfEmployeeStockPurchasePlan
674000 shares
CY2014Q4 gale Contingent Purchase Price Consideration Net Of Current Portion
ContingentPurchasePriceConsiderationNetOfCurrentPortion
6651000 USD
CY2015Q1 gale Contingent Purchase Price Consideration Net Of Current Portion
ContingentPurchasePriceConsiderationNetOfCurrentPortion
6972000 USD
CY2014Q4 gale Contract Research Payable
ContractResearchPayable
6967000 USD
CY2015Q1 gale Contract Research Payable
ContractResearchPayable
4728000 USD
CY2014Q4 gale Credit Memos Acquisition Channel Inventory Current
CreditMemosAcquisitionChannelInventoryCurrent
1995000 USD
CY2015Q1 gale Credit Memos Acquisition Channel Inventory Current
CreditMemosAcquisitionChannelInventoryCurrent
1995000 USD
CY2013Q2 gale Debt Instrument Cash Facility Fee
DebtInstrumentCashFacilityFee
0.01
CY2013Q2 gale Debt Instrument Cash Final Payment
DebtInstrumentCashFinalPayment
0.055
CY2013Q2 gale Debt Instrument Term Interest Only
DebtInstrumentTermInterestOnly
P12M
CY2014Q4 gale Deficit Accumulated During Developmental Stage
DeficitAccumulatedDuringDevelopmentalStage
-215481000 USD
CY2015Q1 gale Deficit Accumulated During Developmental Stage
DeficitAccumulatedDuringDevelopmentalStage
-226018000 USD
CY2015Q1 gale Employee Service Share Based Compensation Unrecognized Compensation Costs
EmployeeServiceShareBasedCompensationUnrecognizedCompensationCosts
5411000 USD
CY2015Q1 gale Employee Service Share Based Compensation Unrecognized Compensation Costs Weighted Average Period Of Recognition
EmployeeServiceShareBasedCompensationUnrecognizedCompensationCostsWeightedAveragePeriodOfRecognition
P2Y11M23D
CY2015Q1 gale Estimated Annualized Forfeiture Rate For Options Granted To Employees
EstimatedAnnualizedForfeitureRateForOptionsGrantedToEmployees
0.15
CY2015Q1 gale Estimated Annualized Forfeiture Rate For Options Granted To Senior Management
EstimatedAnnualizedForfeitureRateForOptionsGrantedToSeniorManagement
0.08
CY2015Q1 gale Fair Value Of Warrants Issued In Connection With Common Stock Recorded As Cost Of Equity
FairValueOfWarrantsIssuedInConnectionWithCommonStockRecordedAsCostOfEquity
10296000 USD
CY2014Q4 gale Fair Value Of Warrants Liabilities
FairValueOfWarrantsLiabilities
5383000 USD
CY2013Q2 gale Fair Valueof Warrants Grantedper Share
FairValueofWarrantsGrantedperShare
1.93
CY2014Q4 gale Future Milestone Payment
FutureMilestonePayment
740000 USD
CY2015Q1 gale Future Milestone Payment
FutureMilestonePayment
240000 USD
CY2014Q4 gale Gale401rights
GALE401rights
9255000 USD
CY2015Q1 gale Gale401rights
GALE401rights
9255000 USD
CY2014Q4 gale In Process Research Development
InProcessResearchDevelopment
12864000 USD
CY2015Q1 gale In Process Research Development
InProcessResearchDevelopment
12864000 USD
CY2014Q1 gale Loss On Warrant Exchange
LossOnWarrantExchange
-9792000 USD
CY2015Q1 gale Loss On Warrant Exchange
LossOnWarrantExchange
-1152000 USD
CY2014Q3 gale Maximum Maturity Period To Consider All Highly Liquid Debt Instruments As Cash And Cash Equivalents
MaximumMaturityPeriodToConsiderAllHighlyLiquidDebtInstrumentsAsCashAndCashEquivalents
P90D
CY2014Q1 gale Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
1000 USD
CY2015Q1 gale Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
0 USD
CY2014Q1 gale Net Proceeds From Exercise Of Common Stock Warrants
NetProceedsFromExerciseOfCommonStockWarrants
10611000 USD
CY2015Q1 gale Net Proceeds From Exercise Of Common Stock Warrants
NetProceedsFromExerciseOfCommonStockWarrants
0 USD
CY2015Q1 gale Numberof Commerical Products
NumberofCommericalProducts
1 products
CY2013Q2 gale Numberof Days Averagedfor Exercise Price
NumberofDaysAveragedforExercisePrice
P20D
CY2015Q1 gale Numberof Dosing Strengths
NumberofDosingStrengths
6 dosing_strength
CY2015Q1 gale Numberof Shares Per Unit
NumberofSharesPerUnit
0.50 shares
CY2015Q1 gale Options Reserved For Future Issuance Under Companies Incentive Plan
OptionsReservedForFutureIssuanceUnderCompaniesIncentivePlan
794000 shares
CY2014Q4 gale Patient Assistance Program Current
PatientAssistanceProgramCurrent
2444000 USD
CY2015Q1 gale Patient Assistance Program Current
PatientAssistanceProgramCurrent
1428000 USD
CY2015Q1 gale Proceeds From Issuanceor Saleof Equity Net Underwriting Discounts Commissionsand Offering Expenses
ProceedsFromIssuanceorSaleofEquityNetUnderwritingDiscountsCommissionsandOfferingExpenses
35400000 USD
CY2014Q1 gale Reclassification Of Warrant Liability Upon Exercise
ReclassificationOfWarrantLiabilityUponExercise
26808000 USD
CY2014Q4 gale Sales And Distributions Rights
SalesAndDistributionsRights
14533000 USD
CY2015Q1 gale Sales And Distributions Rights
SalesAndDistributionsRights
14387000 USD
CY2014Q4 gale Sales And Distributions Rights Zuplenz
SalesAndDistributionsRightsZuplenz
8101000 USD
CY2015Q1 gale Sales And Distributions Rights Zuplenz
SalesAndDistributionsRightsZuplenz
8101000 USD
CY2015Q1 gale Share Based Compensation Arrangement By Share Based Payment Award Options Expired In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodIntrinsicValue
0 USD
CY2015Q1 gale Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateAggregateIntrinsicValue
0 USD
CY2015Q1 gale Stock Issued During Period Shares Overallotment Option
StockIssuedDuringPeriodSharesOverallotmentOption
1826923 shares
CY2013Q2 gale Warrants Granted Numberof Shares
WarrantsGrantedNumberofShares
182186 shares
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2271000 USD
CY2015Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
3293000 USD
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1839000 USD
CY2015Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1060000 USD
CY2014Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
15669000 USD
CY2015Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12149000 USD
CY2014Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
860000 USD
CY2015Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1596000 USD
CY2014Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
408000 USD
CY2015Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
738000 USD
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
256377000 USD
CY2015Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
288936000 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
627000 USD
CY2014Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1684000 USD
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
627000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
160000 USD
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
160000 USD
CY2014Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
91000 USD
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
146000 USD
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19408000 shares
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33229000 shares
CY2014Q4 us-gaap Assets
Assets
80488000 USD
CY2015Q1 us-gaap Assets
Assets
108607000 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
29024000 USD
CY2015Q1 us-gaap Assets Current
AssetsCurrent
57321000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47787000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52427000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23650000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52860000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4640000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
29210000 USD
CY2013Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.47
CY2015Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.08
CY2015Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1826923 shares
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
8540000 shares
CY2015Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
22546000 shares
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
34697000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3653846 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
110100701 shares
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
121457118 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
109425701 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
121457118 shares
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
12000 USD
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
15000 USD
CY2014Q1 us-gaap Cost Of Revenue
CostOfRevenue
331000 USD
CY2015Q1 us-gaap Cost Of Revenue
CostOfRevenue
393000 USD
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
14022000 USD
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
13876000 USD
CY2013Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0845
CY2013Q2 us-gaap Debt Instrument Term
DebtInstrumentTerm
P30M
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-5053000 USD
CY2015Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-5053000 USD
CY2014Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
87000 USD
CY2015Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
82000 USD
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
232000 USD
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
264000 USD
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2198000 USD
CY2015Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1373000 USD
CY2013Q2 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.0000
CY2013Q2 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P7Y
CY2013Q2 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.7534
CY2013Q2 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0120
CY2014Q4 us-gaap Goodwill
Goodwill
6069000 USD
CY2015Q1 us-gaap Goodwill
Goodwill
6069000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1086000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1022000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2217000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-779000 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1026000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3020000 USD
CY2014Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-28000 USD
CY2015Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-18000 USD
CY2014Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-74000 USD
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-121000 USD
CY2014Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-314000 USD
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-242000 USD
CY2014Q1 us-gaap Interest Paid
InterestPaid
211000 USD
CY2015Q1 us-gaap Interest Paid
InterestPaid
166000 USD
CY2014Q4 us-gaap Interest Payable Current
InterestPayableCurrent
57000 USD
CY2015Q1 us-gaap Interest Payable Current
InterestPayableCurrent
51000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
200000 USD
CY2015Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
182000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
655000 USD
CY2015Q1 us-gaap Inventory Net
InventoryNet
637000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
455000 USD
CY2015Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
455000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
43429000 USD
CY2015Q1 us-gaap Liabilities
Liabilities
49523000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
80488000 USD
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
108607000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
27233000 USD
CY2015Q1 us-gaap Liabilities Current
LiabilitiesCurrent
33964000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3910000 USD
CY2015Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
3994000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4492000 USD
CY2015Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3534000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14720000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
41284000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2032000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-518000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8048000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11556000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-2536000 USD
us-gaap Net Income Loss
NetIncomeLoss
-10537000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-10537000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-11849000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-11126000 USD
CY2014Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-165000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-321000 USD
CY2014Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
9313000 USD
CY2015Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
589000 USD
CY2014Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
2010000 USD
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2013Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10000000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
555000 USD
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
528000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
947000 USD
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2680000 USD
CY2015Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2564000 USD
CY2014Q1 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
5000 USD
CY2015Q1 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
2000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
42121000 USD
CY2015Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
38000000 USD
CY2014Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
53000 USD
CY2015Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
110000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4059000 USD
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6770000 USD
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5910000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
200000 USD
CY2015Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
200000 USD
us-gaap Sales Discounts Services
SalesDiscountsServices
0 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
2173000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
2750000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6830000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7427000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1623000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
627000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7853
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7462
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0206
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0141
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5768000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.50
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
338000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2431000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.16
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
478000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8590000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10683000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.25
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.93
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
413000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
59084000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
37059000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
59084000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
675000 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
675000 shares
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.71
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.75
CY2015Q1 us-gaap Share Price
SharePrice
1.56
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2015Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P10Y
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
24358974 shares
CY2015Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-10296000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
110000 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
42121000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
37059000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3849000 USD
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
3849000 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
116244209 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
136054864 shares
CY2015Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentrations of Credit Risk</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Financial instruments that potentially subject the company to significant concentrations of credit risk consist principally of cash and cash equivalents. The company maintains cash balances in several accounts with two banks, which at times are in excess of federally insured limits. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the company&#8217;s cash equivalents were invested in money market mutual funds. The company&#8217;s investment policy does not allow investment in any debt securities rated less than &#8220;investment grade&#8221; by national ratings services. The company has not experienced any losses on its deposits of cash and cash equivalents. The company maintains significant cash and cash equivalents at two financial institutions that are in excess of federally insured limits.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2015Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Certain prior year amounts have been reclassified to conform to current year presentation. These reclassifications had no effect on net loss per share.</font></div></div>
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:65px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Uses of Estimates in Preparation of Financial Statements</font><font style="font-family:inherit;font-size:10pt;"> &#8212; The preparation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0001390478-15-000024-index-headers.html Edgar Link pending
0001390478-15-000024-index.html Edgar Link pending
0001390478-15-000024.txt Edgar Link pending
0001390478-15-000024-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gale-20150331.xml Edgar Link completed
gale-20150331.xsd Edgar Link pending
gale-20150331x10q.htm Edgar Link pending
gale-20150331xex311.htm Edgar Link pending
gale-20150331xex312.htm Edgar Link pending
gale-20150331xex321.htm Edgar Link pending
gale-20150331_cal.xml Edgar Link unprocessable
gale-20150331_def.xml Edgar Link unprocessable
gale-20150331_lab.xml Edgar Link unprocessable
gale-20150331_pre.xml Edgar Link unprocessable
pipeline4302015.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending