2014 Q1 Form 10-K Financial Statement

#000114420414014207 Filed on March 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 2012 Q4
Revenue $38.10K $152.4K $20.00K
YoY Change 0.0% 699.98%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.230M $6.660M $1.530M
YoY Change 48.17% 39.33% -52.78%
% of Gross Profit
Research & Development $4.410M $13.66M $1.080M
YoY Change 180.9% -35.03% -614.29%
% of Gross Profit
Depreciation & Amortization $706.00 $1.127K $0.00
YoY Change 513.91% 379.57%
% of Gross Profit
Operating Expenses $7.643M $23.12M $2.610M
YoY Change 103.7% -14.1% -13.58%
Operating Profit -$7.605M -$22.97M
YoY Change 104.77% -14.61%
Interest Expense $226.3K $952.9K $520.0K
YoY Change -2.22% 5.21% -71.74%
% of Operating Profit
Other Income/Expense, Net $57.88K $2.488M $0.00
YoY Change 43.15% 138.72%
Pretax Income -$7.547M -$20.48M -$3.170M
YoY Change 105.44% -20.79% 166.39%
Income Tax $0.00 $0.00 $330.0K
% Of Pretax Income
Net Earnings -$7.547M -$20.48M -$3.460M
YoY Change 105.44% 13.31% 200.87%
Net Earnings / Revenue -19811.65% -13438.82% -17300.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$250.9K -$806.0K -$174.7K
COMMON SHARES
Basic Shares Outstanding 34.37M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.50M $40.50M $16.50M
YoY Change 251.97% 145.45% 70.1%
Cash & Equivalents $49.60M $600.0K $16.46M
Short-Term Investments $3.900M
Other Short-Term Assets $2.800M $1.700M $29.13K
YoY Change 7.69% -15.0% -70.87%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $56.30M $42.30M $18.48M
YoY Change 216.29% 128.65% 88.53%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00 $1.164K
YoY Change
Goodwill $799.4K $799.4K
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.000M $4.900M
YoY Change
Other Assets $76.42K $100.0K $0.00
YoY Change
Total Long-Term Assets $1.874M $5.800M $3.598M
YoY Change -47.95% 61.11% -23.44%
TOTAL ASSETS
Total Short-Term Assets $56.30M $42.30M $18.48M
Total Long-Term Assets $1.874M $5.800M $3.598M
Total Assets $58.17M $48.10M $22.07M
YoY Change 171.84% 117.65% 52.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.600M $4.800M $1.100M
YoY Change 14.29% 336.36% 57.14%
Accrued Expenses $200.0K $700.0K $300.0K
YoY Change -33.33% 133.33% 200.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $700.0K $700.0K
YoY Change -100.0% 0.0% -22.22%
Total Short-Term Liabilities $1.989M $6.300M $2.216M
YoY Change -20.45% 186.36% 38.5%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K $2.500M
YoY Change -95.83% -96.0% -24.24%
Other Long-Term Liabilities $1.600M $1.700M $1.800M
YoY Change -11.11% -5.56%
Total Long-Term Liabilities $1.700M $1.800M $4.300M
YoY Change -59.52% -58.14% 30.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.989M $6.300M $2.216M
Total Long-Term Liabilities $1.700M $1.800M $4.300M
Total Liabilities $3.742M $8.100M $6.524M
YoY Change -44.14% 24.62% 33.14%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $37.53K $25.82K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $234.3K $84.54K
YoY Change
Treasury Stock Shares 41.31K shares 13.53K shares
Shareholders Equity $54.40M $40.10M $15.60M
YoY Change
Total Liabilities & Shareholders Equity $58.17M $48.10M $22.07M
YoY Change 171.84% 117.65% 52.23%

Cashflow Statement

Concept 2014 Q1 2013 2012 Q4
OPERATING ACTIVITIES
Net Income -$7.547M -$20.48M -$3.460M
YoY Change 105.44% 13.31% 200.87%
Depreciation, Depletion And Amortization $706.00 $1.127K $0.00
YoY Change 513.91% 379.57%
Cash From Operating Activities -$8.330M -$10.74M -$840.0K
YoY Change 278.64% 106.94% 1300.0%
INVESTING ACTIVITIES
Capital Expenditures $3.165K $5.681K $0.00
YoY Change 306.08%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$4.920M $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 -$4.930M $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$18.10M -$37.50M
YoY Change -44456.95%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.44M 39.69M -80.00K
YoY Change 1755.32% 233.53% -100.82%
NET CHANGE
Cash From Operating Activities -8.330M -10.74M -840.0K
Cash From Investing Activities 0.000 -4.930M 0.000
Cash From Financing Activities 17.44M 39.69M -80.00K
Net Change In Cash 9.110M 24.02M -920.0K
YoY Change -823.02% 257.97% -109.45%
FREE CASH FLOW
Cash From Operating Activities -$8.330M -$10.74M -$840.0K
Capital Expenditures $3.165K $5.681K $0.00
Free Cash Flow -$8.333M -$10.75M -$840.0K
YoY Change 278.78% 106.99%

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CY2012Q4 us-gaap Deferred Revenue
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CY2013Q4 us-gaap Deferred Revenue
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CY2013 tgtx Additional Amount Receivable On Achievement Of Pre Specified Milestones
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5000000 USD
CY2012 us-gaap Income Tax Expense Benefit
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330000 USD
CY2012 us-gaap Licenses Revenue
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19048 USD
CY2013 us-gaap Licenses Revenue
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152381 USD
CY2012 tgtx Non Cash Stock Expense
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CY2012 tgtx Non Cash Compensation Research And Development Expenses
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CY2013 tgtx Non Cash Compensation Research And Development Expenses
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CY2012 us-gaap Other Research And Development Expense
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CY2012 us-gaap Research And Development Expense
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CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13662680 USD
us-gaap Research And Development Expense
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35017954 USD
CY2012 tgtx Non Cash Compensation General And Administrative Expenses
NonCashCompensationGeneralAndAdministrativeExpenses
2966373 USD
CY2013 tgtx Non Cash Compensation General And Administrative Expenses
NonCashCompensationGeneralAndAdministrativeExpenses
4161629 USD
tgtx Non Cash Compensation General And Administrative Expenses
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7214496 USD
CY2012 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1815083 USD
CY2013 us-gaap Other General And Administrative Expense
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2496461 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
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46282857 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
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us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
4779741 USD
CY2012 us-gaap General And Administrative Expense
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4781456 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6658090 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11994237 USD
CY2012 tgtx Impairment Of In Process Research And Development
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1104700 USD
CY2013 tgtx Impairment Of In Process Research And Development
ImpairmentOfInProcessResearchAndDevelopment
2797600 USD
tgtx Impairment Of In Process Research And Development
ImpairmentOfInProcessResearchAndDevelopment
3902300 USD
CY2012 us-gaap Operating Expenses
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26914147 USD
CY2013 us-gaap Operating Expenses
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23118370 USD
us-gaap Operating Expenses
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50914491 USD
CY2012 us-gaap Operating Income Loss
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CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-22965989 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-50743062 USD
CY2012 us-gaap Investment Income Net
InvestmentIncomeNet
15787 USD
CY2013 us-gaap Investment Income Net
InvestmentIncomeNet
30822 USD
us-gaap Investment Income Net
InvestmentIncomeNet
46609 USD
CY2012 us-gaap Other Income
OtherIncome
272232 USD
CY2013 us-gaap Other Income
OtherIncome
108894 USD
us-gaap Other Income
OtherIncome
381126 USD
CY2012 us-gaap Interest Expense
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905744 USD
CY2013 us-gaap Interest Expense
InterestExpense
952888 USD
us-gaap Interest Expense
InterestExpense
1865729 USD
CY2012 tgtx Change In Fair Value Of Non Current Note Payable
ChangeInFairValueOfNonCurrentNotePayable
1659872 USD
CY2013 tgtx Change In Fair Value Of Non Current Note Payable
ChangeInFairValueOfNonCurrentNotePayable
3300951 USD
tgtx Change In Fair Value Of Non Current Note Payable
ChangeInFairValueOfNonCurrentNotePayable
4960823 USD
CY2012 us-gaap Nonoperating Income Expense
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1042147 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2487779 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3522829 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-20478210 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-47220233 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
330000 USD
CY2012 us-gaap Profit Loss
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CY2013 us-gaap Profit Loss
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-20478210 USD
us-gaap Profit Loss
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-47550233 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012 us-gaap Net Income Loss
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CY2013 us-gaap Net Income Loss
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-20478210 USD
us-gaap Net Income Loss
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-39404003 USD
CY2012 us-gaap Earnings Per Share Basic And Diluted
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-1.38
CY2013 us-gaap Earnings Per Share Basic And Diluted
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-0.81
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25413964 shares
CY2013 tgtx Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
2280773 USD
CY2013 tgtx Stock Issued During Period Value Exercise Of Warrants Cash Less
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CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12181406 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
37648280 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
86494 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
188509 USD
CY2012 us-gaap Increase Decrease In Other Current Assets
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1932710 USD
CY2013 us-gaap Increase Decrease In Other Current Assets
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-229258 USD
us-gaap Increase Decrease In Other Current Assets
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1699859 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Assets
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0 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
85121 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
85121 USD
CY2012 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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595757 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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5203148 USD
CY2011 us-gaap Profit Loss
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CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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9636202 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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2664970 USD
us-gaap Share Based Compensation
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8711824 USD
CY2012 tgtx Shares Issued In Connection With In Licensing Agreement
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16578000 USD
CY2013 tgtx Shares Issued In Connection With In Licensing Agreement
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0 USD
tgtx Shares Issued In Connection With In Licensing Agreement
SharesIssuedInConnectionWithInLicensingAgreement
16875000 USD
CY2012 us-gaap Depreciation
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235 USD
CY2013 us-gaap Depreciation
Depreciation
1127 USD
us-gaap Depreciation
Depreciation
1362 USD
CY2012 tgtx Change In Fair Value Of Notes Payable
ChangeInFairValueOfNotesPayable
815699 USD
CY2013 tgtx Change In Fair Value Of Notes Payable
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2414569 USD
tgtx Change In Fair Value Of Notes Payable
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3230268 USD
CY2013 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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4034605 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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5038672 USD
CY2012 us-gaap Increase Decrease In Interest Payable Net
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61571 USD
CY2013 us-gaap Increase Decrease In Interest Payable Net
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66506 USD
us-gaap Increase Decrease In Interest Payable Net
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CY2012 us-gaap Increase Decrease In Deferred Revenue
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1980952 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
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-152381 USD
us-gaap Increase Decrease In Deferred Revenue
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1828571 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-16098772 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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5681 USD
us-gaap Payments To Acquire Property Plant And Equipment
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7080 USD
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0 USD
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0 USD
us-gaap Cash Acquired From Acquisition
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2012 us-gaap Proceeds From Warrant Exercises
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0 USD
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2280773 USD
us-gaap Proceeds From Warrant Exercises
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2280773 USD
CY2012 us-gaap Repayments Of Short Term Debt
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200001 USD
CY2013 us-gaap Repayments Of Short Term Debt
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0 USD
us-gaap Repayments Of Short Term Debt
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200001 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
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37648280 USD
us-gaap Proceeds From Issuance Of Common Stock
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CY2012 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2013 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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12257309 USD
CY2012 us-gaap Payments Of Stock Issuance Costs
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75903 USD
CY2013 us-gaap Payments Of Stock Issuance Costs
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0 USD
us-gaap Payments Of Stock Issuance Costs
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75903 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
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84538 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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149799 USD
CY2012 tgtx Conversion Of Notes Payable To Preferred Stock
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0 USD
CY2013 tgtx Conversion Of Notes Payable To Preferred Stock
ConversionOfNotesPayableToPreferredStock
0 USD
tgtx Conversion Of Notes Payable To Preferred Stock
ConversionOfNotesPayableToPreferredStock
55271 USD
CY2012 tgtx Accrued Financing Costs
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0 USD
CY2013 tgtx Accrued Financing Costs
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0 USD
tgtx Accrued Financing Costs
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61138 USD
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0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
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CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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11896867 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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39779254 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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61500803 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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6707504 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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24029471 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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40485466 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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9748491 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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0 USD
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CY2013Q4 us-gaap Cash
Cash
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CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-917810 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Research
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75000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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32399879 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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1882238 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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2266167 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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3051920 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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10971912 USD
CY2012Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2013Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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0 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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330000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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0 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
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19241 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
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CY2012Q4 us-gaap Deferred Tax Assets Gross
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36270923 USD
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46282857 USD
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36270923 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
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250000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
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230643 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
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43026 USD
CY2012 tgtx Effective Income Tax Reconciliation Foreign With Holding Tax
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330000 USD
CY2013 tgtx Effective Income Tax Reconciliation Foreign With Holding Tax
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0 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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10392361 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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10011934 USD
CY2011Q2 us-gaap Equity Method Investment Ownership Percentage
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0.15 pure
CY2011Q4 us-gaap Equity Method Investment Ownership Percentage
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0.13 pure
CY2013 dei Document Type
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10-K
CY2013 dei Amendment Flag
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false
CY2013 dei Document Period End Date
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2013-12-31
CY2013 dei Document Fiscal Year Focus
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2013
CY2013 dei Document Fiscal Period Focus
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FY
CY2013 dei Trading Symbol
TradingSymbol
TGTX
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34373925 shares
CY2013 dei Entity Registrant Name
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TG THERAPEUTICS, INC.
CY2013 dei Entity Central Index Key
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0001001316
CY2013 dei Current Fiscal Year End Date
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--12-31
CY2013 dei Entity Well Known Seasoned Issuer
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No
CY2013 dei Entity Voluntary Filers
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No
CY2013 dei Entity Current Reporting Status
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Yes
CY2013 dei Entity Filer Category
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Smaller Reporting Company
CY2013Q2 dei Entity Public Float
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74983321 USD
CY2011Q4 tgtx Business Acquisition Shares Repurchased Percentage
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0.95 pure
CY2011Q4 tgtx Fair Value Per Share Issued
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2.25
CY2012Q1 us-gaap Proceeds From Issuance Of Private Placement
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13908560 USD
CY2011Q4 us-gaap Proceeds From Issuance Of Private Placement
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11091425 USD
CY2012Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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1545396 shares
CY2011Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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1232381 shares
CY2013Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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2777962 shares
CY2012Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
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2.25
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2.25
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2.25
CY2012Q2 tgtx Class Of Warrant Or Rights Exercisable Period
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P5Y
CY2011Q4 tgtx Class Of Warrant Or Rights Exercisable Period
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P5Y
CY2013Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
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8.89 shares
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0 USD
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27169 USD
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0 USD
CY2013Q4 us-gaap Long Term Investments
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4918897 USD
CY2013 tgtx Cash Equivalents Maturity Period
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less than three months
CY2013 us-gaap Use Of Estimates
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<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt">USE OF ESTIMATES</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the applicable reporting period. Actual results could differ from those estimates. Such differences could be material to the financial statements.</font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2012Q2 us-gaap Stockholders Equity Reverse Stock Split
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ratio of 56.25 for 1
CY2012 us-gaap Increase Decrease In Accrued Interest Receivable Net
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0 USD
CY2013 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
27169 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
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27169 USD
CY2012 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 USD
CY2013 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
4919871 USD
us-gaap Payments To Acquire Held To Maturity Securities
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4919871 USD
CY2012Q4 us-gaap Money Market Funds At Carrying Value
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500007 USD
CY2013Q4 us-gaap Money Market Funds At Carrying Value
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554069 USD
CY2011 tgtx Common Stock Issued During Period Value To Founders In Exchange For Seed Capital
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CY2011 tgtx Common Stock Issued During Period Value In Exchange For License Option
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297000 USD
CY2011 us-gaap Stock Issued During Period Value Other
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CY2011 tgtx Stock Issued During Period Value Conversion Of Note Payable To Preferred Stock
StockIssuedDuringPeriodValueConversionOfNotePayableToPreferredStock
55271 USD
CY2011Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
7000000 USD
CY2011 tgtx Stock Issued During Period Value Of Replacement Restricted Preferred Stock To Employees
StockIssuedDuringPeriodValueOfReplacementRestrictedPreferredStockToEmployees
0 USD
CY2012 tgtx Shares Issued To Non Controlling Interest In Connection With Licensing Agreement
SharesIssuedToNonControllingInterestInConnectionWithLicensingAgreement
16578000 USD
CY2013 tgtx Potential Future Milestone Payments
PotentialFutureMilestonePayments
182500000 USD
CY2012 tgtx Upfront Fee Received From Sub License
UpfrontFeeReceivedFromSubLicense
2000000 USD
CY2012 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2012 tgtx Non Controlling Interest Subsidiary Shares Value
NonControllingInterestSubsidiarySharesValue
0 USD
CY2012 tgtx Treasury Stock Value During Peirod
TreasuryStockValueDuringPeirod
-84538 USD
CY2013 tgtx Treasury Stock Value During Peirod
TreasuryStockValueDuringPeirod
-149799 USD
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1104700 USD
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2797600 USD
CY2012 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
-8790003 USD
CY2013 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
-6962592 USD
CY2013Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
4918897 USD
CY2013 us-gaap Held To Maturity Securities Unrecognized Holding Gains
HeldToMaturitySecuritiesUnrecognizedHoldingGains
0 USD
CY2013 us-gaap Held To Maturity Securities Unrecognized Holding Losses
HeldToMaturitySecuritiesUnrecognizedHoldingLosses
650 USD
CY2013Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
4918247 USD
CY2012 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
0 USD
CY2013 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
975 USD
us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
975 USD
CY2012 tgtx Income Tax Reconciliation Change Incontingent Note Payable
IncomeTaxReconciliationChangeIncontingentNotePayable
0 USD
CY2013 tgtx Income Tax Reconciliation Change Incontingent Note Payable
IncomeTaxReconciliationChangeIncontingentNotePayable
-1924558 USD

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