2022 Q3 Form 10-Q Financial Statement
#000165495422011073 Filed on August 11, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.377M | $1.337M | $1.541M |
YoY Change | -47.83% | 5.2% | 12.46% |
% of Gross Profit | |||
Research & Development | $1.540M | $1.524M | $1.178M |
YoY Change | 32.51% | 119.91% | -94.74% |
% of Gross Profit | |||
Depreciation & Amortization | $1.200K | $1.200K | $1.400K |
YoY Change | 18.81% | 20.0% | 27.27% |
% of Gross Profit | |||
Operating Expenses | $2.917M | $2.862M | $2.719M |
YoY Change | -23.27% | 45.68% | -88.55% |
Operating Profit | $2.917M | $2.862M | $2.719M |
YoY Change | -23.27% | 45.68% | -88.55% |
Interest Expense | $372.00 | $1.484K | -$2.590K |
YoY Change | 341.67% | ||
% of Operating Profit | 0.01% | 0.05% | -0.1% |
Other Income/Expense, Net | $1.320K | $2.360K | $1.551K |
YoY Change | -63.74% | -100.95% | |
Pretax Income | -$2.917M | -$2.861M | -$2.722M |
YoY Change | -23.22% | 66.63% | -88.54% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $2.917M | $2.861M | -$2.722M |
YoY Change | -23.22% | 66.63% | -88.54% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$110.8K | -$113.5K | -$108.0K |
COMMON SHARES | |||
Basic Shares Outstanding | 25.21M shares | 25.21M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.806M | $7.229M | $2.869M |
YoY Change | -54.44% | 86.73% | -28.82% |
Cash & Equivalents | $3.806M | $7.229M | $2.869M |
Short-Term Investments | |||
Other Short-Term Assets | $707.2K | $872.4K | $587.0K |
YoY Change | 208.61% | 149.35% | 19.79% |
Inventory | |||
Prepaid Expenses | $707.2K | $872.4K | $587.0K |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $4.514M | $8.102M | $3.456M |
YoY Change | -47.41% | 219.94% | -23.55% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.633K | $10.84K | $12.08K |
YoY Change | 48.45% | 86.29% | -59.74% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $8.435K | $8.435K | $8.435K |
YoY Change | 0.0% | 0.0% | -15.65% |
Total Long-Term Assets | $225.4K | $253.9K | $281.9K |
YoY Change | -31.35% | -28.05% | 604.87% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.514M | $8.102M | $3.456M |
Total Long-Term Assets | $225.4K | $253.9K | $281.9K |
Total Assets | $4.739M | $8.355M | $3.738M |
YoY Change | -46.82% | 189.6% | -18.03% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $265.4K | $919.4K | $1.287M |
YoY Change | -65.81% | 16.09% | 28.71% |
Accrued Expenses | $424.4K | $434.5K | $460.5K |
YoY Change | -38.05% | 13.44% | 109.32% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $91.88K | $228.8K |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $689.8K | $1.446M | $1.976M |
YoY Change | -52.8% | 23.05% | 38.21% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $95.35K | $125.9K | $155.0K |
YoY Change | -54.94% | -47.34% | |
Total Long-Term Liabilities | $95.35K | $125.9K | $155.0K |
YoY Change | -54.94% | -47.34% | 416.75% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $689.8K | $1.446M | $1.976M |
Total Long-Term Liabilities | $95.35K | $125.9K | $155.0K |
Total Liabilities | $785.2K | $1.572M | $2.131M |
YoY Change | -53.07% | 11.15% | 45.99% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$287.0M | -$284.1M | -$281.2M |
YoY Change | 4.25% | 4.64% | |
Common Stock | $2.998K | $2.521K | $2.521K |
YoY Change | 18.97% | -100.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.954M | $6.784M | $1.606M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.739M | $8.355M | $3.738M |
YoY Change | -46.82% | 189.6% | -18.03% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $2.917M | $2.861M | -$2.722M |
YoY Change | -23.22% | 66.63% | -88.54% |
Depreciation, Depletion And Amortization | $1.200K | $1.200K | $1.400K |
YoY Change | 18.81% | 20.0% | 27.27% |
Cash From Operating Activities | -$3.331M | -$3.431M | -$2.938M |
YoY Change | 10.24% | 85.85% | -8.8% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $6.323K |
YoY Change | -100.0% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Cash From Investing Activities | $0.00 | $0.00 | -$6.323K |
YoY Change | -100.0% | -100.0% | -82.89% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -91.88K | 7.792M | $228.8K |
YoY Change | -101.0% | 167463.66% | -58.0% |
NET CHANGE | |||
Cash From Operating Activities | -3.331M | -3.431M | -$2.938M |
Cash From Investing Activities | 0.000 | 0.000 | -$6.323K |
Cash From Financing Activities | -91.88K | 7.792M | $228.8K |
Net Change In Cash | -3.423M | 4.360M | -$2.715M |
YoY Change | -151.22% | -334.58% | 0.07% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.331M | -$3.431M | -$2.938M |
Capital Expenditures | $0.00 | $0.00 | $6.323K |
Free Cash Flow | -$3.331M | -$3.431M | -$2.944M |
YoY Change | 10.3% | 86.04% | -8.6% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
tenx |
Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
|
-1.60 | ||
tenx |
Remaining Lease Term
RemainingLeaseTerm
|
P21Y | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000034956 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4818654 | shares |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5583922 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
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CY2021Q4 | us-gaap |
Prepaid Expense Current
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CY2022Q2 | us-gaap |
Assets Current
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8101542 | usd |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
5689000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
234662 | usd |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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Common Stock Shares Outstanding
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|
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
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Document Type
DocumentType
|
10-Q | ||
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true | ||
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Document Period End Date
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2022-06-30 | ||
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Document Transition Report
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Entity File Number
EntityFileNumber
|
001-34600 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
TENAX THERAPEUTICS, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
26-2593535 | ||
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Entity Address Address Line1
EntityAddressAddressLine1
|
ONE Copley Parkway | ||
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Entity Address Address Line2
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Suite 490 | ||
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Entity Address City Or Town
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Morrisville | ||
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Entity Address State Or Province
EntityAddressStateOrProvince
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NC | ||
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
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27560 | ||
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City Area Code
CityAreaCode
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919 | ||
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Local Phone Number
LocalPhoneNumber
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855-2100 | ||
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Security12b Title
Security12bTitle
|
Common Stock, $0.0001 par value per share | ||
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Trading Symbol
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TENX | ||
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Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
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Entity Current Reporting Status
EntityCurrentReportingStatus
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Yes | ||
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Entity Interactive Data Current
EntityInteractiveDataCurrent
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Yes | ||
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Entity Filer Category
EntityFilerCategory
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Non-accelerated Filer | ||
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Entity Small Business
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Common Stock Par Or Stated Value Per Share
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Interest Expense
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Interest Expense
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Comprehensive Income Net Of Tax
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Comprehensive Income Net Of Tax
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Comprehensive Income Net Of Tax
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Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
|
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Earnings Per Shares Basic And Diluted
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|
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Earnings Per Shares Basic And Diluted
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|
-0.22 | ||
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Weighted Average Number Of Shares Outstanding Basic And Diluted
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Weighted Average Number Of Shares Outstanding Basic And Diluted
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|
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Compensation On Options Issued
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StockholdersEquity
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Common Stock Issued For Convertible Preferred Stock Amount
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Profit Loss
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Stockholders Equity
StockholdersEquity
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1606201 | usd |
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Pre Fiunded Warrants And Warrants Sold Net Of Offering Costs
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Compensation On Options Issued
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Stockholders Equity
StockholdersEquity
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Net Loss
NetLoss
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tenx |
Net Loss
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|
-25465156 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2588 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2026 | usd | |
us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
-4071 | usd | |
us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
-949 | usd | |
us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
53029 | usd | |
us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
53859 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
247233 | usd | |
tenx |
Issuance And Vesting Of Compensatory Stock Options And Warrants
IssuanceAndVestingOfCompensatoryStockOptionsAndWarrants
|
193100 | usd | |
tenx |
Issuance And Vesting Of Compensatory Stock Options And Warrants
IssuanceAndVestingOfCompensatoryStockOptionsAndWarrants
|
183948 | usd | |
tenx |
Issuance Of Common Stock And Preferred Stock For Asset Acquisition
IssuanceOfCommonStockAndPreferredStockForAssetAcquisition
|
0 | usd | |
tenx |
Issuance Of Common Stock And Preferred Stock For Asset Acquisition
IssuanceOfCommonStockAndPreferredStockForAssetAcquisition
|
21582331 | usd | |
tenx |
Amortization Of Premium On Marketable Securities
AmortizationOfPremiumOnMarketableSecurities
|
0 | usd | |
tenx |
Amortization Of Premium On Marketable Securities
AmortizationOfPremiumOnMarketableSecurities
|
6896 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
771355 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
267284 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-210056 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-923295 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-57706 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
6720 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6368886 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5066239 | usd | |
tenx |
Sale Of Marketable Securities
SaleOfMarketableSecurities
|
0 | usd | |
tenx |
Sale Of Marketable Securities
SaleOfMarketableSecurities
|
-290184 | usd | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | usd | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
345540 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6323 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1875 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6323 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-57231 | usd | |
tenx |
Proceeds From Issuance Of Warrants And Pre Funded Warrants Net Of Issuance Costs
ProceedsFromIssuanceOfWarrantsAndPreFundedWarrantsNetOfIssuanceCosts
|
7928591 | usd | |
tenx |
Proceeds From Issuance Of Warrants And Pre Funded Warrants Net Of Issuance Costs
ProceedsFromIssuanceOfWarrantsAndPreFundedWarrantsNetOfIssuanceCosts
|
0 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
364546 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
272671 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
544651 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8020466 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
544651 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1645257 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4578819 | usd | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5583922 | usd |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6250241 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7229179 | usd |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1671422 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
333779 | usd | |
CY2022Q2 | tenx |
Accumulated Deficit
AccumulatedDeficit
|
-284100000 | usd |
CY2021Q4 | tenx |
Accumulated Deficit
AccumulatedDeficit
|
-278500000 | usd |
tenx |
Net Cash Used In Operating Activities
NetCashUsedInOperatingActivities
|
-6400000 | usd | |
tenx |
Net Cash Used In Operating Activities
NetCashUsedInOperatingActivities
|
-5100000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">On an ongoing basis, management reviews its estimates to ensure that these estimates appropriately reflect changes in the Company’s business and new information as it becomes available. If historical experience and other factors used by management to make these estimates do not reasonably reflect future activity, the Company’s results of operations and financial position could be materially impacted.</p> | ||
tenx |
Liquidity And Capital Resources
LiquidityAndCapitalResources
|
<p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">On June 30, 2022, the Company had cash and cash equivalents of approximately $7.2 million. The Company used $6.4 million of cash for operating activities during the six months ended June 30, 2022 and had stockholders’ equity of $6.8 million, versus $4.2 million on December 31, 2021.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">The Company expects to continue to incur expenses related to development of imatinib for PAH, levosimendan for pulmonary hypertension, and other potential indications, as well as identifying and developing other potential product candidates. Based on its resources on June 30, 2022, the Company believes that it has sufficient capital to fund its planned operations through the fourth quarter of calendar year 2022. However, the Company will need substantial additional financing in order to fund its operations beyond such period and thereafter until it can achieve profitability, if ever. The Company depends on its ability to raise additional funds through various potential sources, such as equity and debt financing, or licensing its product candidates to another pharmaceutical company. The Company will continue to fund operations from cash on hand and through sources of capital similar to those previously described. The Company cannot provide assurance that it will be able to secure such additional financing on reasonable terms, or if available, that it will be sufficient to meet its needs.</p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">To the extent that the Company raises additional funds by issuing shares of its common stock or other securities convertible or exchangeable for shares of common stock, stockholders will experience dilution, which may be significant. In the event the Company raises additional capital through debt financings, the Company may incur significant interest expense and become subject to restrictive covenants in the related transaction documentation that may affect the manner in which the Company conducts its business. To the extent that the Company raises additional funds through collaboration and licensing arrangements, it may be necessary to relinquish some rights to its technologies or product candidates or grant licenses on terms that may not be favorable to the Company.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">The continued spread of COVID-19 globally could adversely affect the Company’s clinical trial operations, including its ability to recruit and retain patients, principal investigators and site staff who, as healthcare providers, may have heightened exposure to COVID-19 if an outbreak occurs in their geography. Further, some patients may be unable to comply with clinical trial protocols if quarantines or travel restrictions impede patient movement or interrupt healthcare services, or if the patients become infected with COVID-19 themselves, which would delay the Company’s ability to initiate and/or complete planned clinical and preclinical studies in the future.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Any or all of the foregoing may have a material adverse effect on the Company’s business and financial performance.</p> | ||
CY2022Q2 | tenx |
Cash And Cash Equivalents
CashAndCashEquivalents
|
7200000 | usd |
tenx |
Net Cash Used In Operating Activities
NetCashUsedInOperatingActivities
|
-6400000 | usd | |
CY2022Q2 | tenx |
Total Stockholders Equity
TotalStockholdersEquity
|
6800000 | usd |
CY2021Q4 | tenx |
Total Stockholders Equity
TotalStockholdersEquity
|
4200000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
64095 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
129797 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
65702 | usd |
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P12Y | ||
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
1200 | usd |
CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
1000 | usd |
us-gaap |
Depreciation
Depreciation
|
2600 | usd | |
us-gaap |
Depreciation
Depreciation
|
2000 | usd | |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
259594 | usd |
CY2022Q2 | tenx |
Less Imputed Interest
LessImputedInterest
|
-20555 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
239039 | usd |
CY2022Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
239534 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
113156 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
107192 | usd |
CY2022Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
81849 | usd |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
597148 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
434539 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
704340 | usd |
us-gaap |
Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
|
364546 | usd | |
CY2022Q2 | us-gaap |
Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
|
0.0324 | pure |
tenx |
Monthly Installment
MonthlyInstallment
|
46124 | usd | |
CY2022Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
1484 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
4070 | usd | |
CY2022Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
91875 | usd |
CY2015Q3 | us-gaap |
Area Of Land
AreaOfLand
|
5954 | sqft |
tenx |
Lease Term Period
LeaseTermPeriod
|
P64Y | ||
us-gaap |
Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
|
The Company has two five-year options to extend the Lease and a one-time option to terminate the Lease 36 months after the commencement of the initial term if no additional space became available. On April 2, 2021, the Company negotiated a three-year extension to the existing lease term | ||
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
125034 | usd | |
tenx |
Percentage Of Annual Increase In Rent
PercentageOfAnnualIncreaseInRent
|
0.025 | pure | |
tenx |
Classification Of Lease Liabilities Tabletextblock
ClassificationOfLeaseLiabilitiesTabletextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>June 30, 2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>December 31, 2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Current portion included in accrued liabilities</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">113,156</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">107,192</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Long term lease liability</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">125,883</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">183,589</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">239,039</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">290,781</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | ||
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
113156 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
107192 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
125883 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
183589 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
239039 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
290781 | usd |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.080 | pure |
us-gaap |
Lease Cost
LeaseCost
|
62121 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
396 | usd | |
tenx |
Common Stock Acquired
CommonStockAcquired
|
1892905 | shares | |
CY2022Q2 | tenx |
Series B Convertible Preferred Stock Conversion
SeriesBConvertiblePreferredStockConversion
|
10232 | shares |
CY2022Q2 | tenx |
Common Stock For Conversion
CommonStockForConversion
|
10232000 | shares |
us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
1212492 | shares | |
tenx |
Percentage Of Preferred Stock Carries Voting Rights
PercentageOfPreferredStockCarriesVotingRights
|
0.10 | pure | |
tenx |
Fgdf
fgdf
|
881.5 shares of common stock, and (ii) the right to receive up to 118.5 Holdback Shares, to be delivered 24 months after the date of issuance of the Series B Stock, subject to reduction for indemnification claims | ||
us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
3369371 | usd | |
us-gaap |
Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
|
18212960 | usd | |
us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
21582331 | usd | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
0 | usd |
CY2022Q2 | tenx |
Accounts Payable Assumed
AccountsPayableAssumed
|
-150000 | usd |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
-150000 | usd |
tenx |
In Process Research And Development Expense
InProcessResearchAndDevelopmentExpense
|
21732331 | usd | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
21582331 | usd | |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | tenx |
Conversion Price Per Share
ConversionPricePerShare
|
1.93 | |
CY2022Q2 | tenx |
Conversion Of Preferred Stock Into Common Stock Maximum Ownership Limit Percentage
ConversionOfPreferredStockIntoCommonStockMaximumOwnershipLimitPercentage
|
0.0499 | pure |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
25206914 | shares |
CY2022Q2 | tenx |
Sell And Issue Units
SellAndIssueUnits
|
4773269 | shares |
CY2021Q3 | tenx |
Purchase Price Per Unit
PurchasePricePerUnit
|
2.095 | |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
31524794 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
20928767 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.45 | |
us-gaap |
Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
|
10596027 | shares | |
tenx |
Weighted Average Exercise Price Issued
WeightedAverageExercisePriceIssued
|
0.63 | ||
tenx |
Warrants Amended And Restated
WarrantsAmendedAndRestated
|
-9206120 | shares | |
tenx |
Weighted Average Exercise Price Amended And Restared
WeightedAverageExercisePriceAmendedAndRestared
|
1.72 | ||
tenx |
Warrants Amended And Restated One
WarrantsAmendedAndRestatedOne
|
9206120 | shares | |
tenx |
Weighted Average Exercise Price Amended And Restared One
WeightedAverageExercisePriceAmendedAndRestaredOne
|
0.63 | ||
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
31524794 | shares |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.86 | |
CY2020Q1 | tenx |
Unregistered Warrants To Purchase
UnregisteredWarrantsToPurchase
|
2360313 | shares |
CY2020Q1 | tenx |
Exercise Price Per Unit
ExercisePricePerUnit
|
1.04 | |
CY2022Q2 | tenx |
Reducing Exercise Price
ReducingExercisePrice
|
0.63 | |
tenx |
Shares Available For Grant
SharesAvailableForGrant
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Shares</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Available for </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Grant</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Balances, at December 31, 2021</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Shares reserved under 2022 Plan</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,100,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Shares rolled over from 2016 Plan</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">819,750</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Options granted</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(571,250</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Balances, at June 30, 2022</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,348,500</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> |