2023 Q4 Form 10-Q Financial Statement
#000182666723000007 Filed on November 14, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
Revenue | $5.721M | $5.193M | $0.00 |
YoY Change | |||
Cost Of Revenue | $582.0K | $589.0K | |
YoY Change | -15.98% | ||
Gross Profit | $5.139M | $4.604M | |
YoY Change | 42.89% | ||
Gross Profit Margin | 89.83% | 88.66% | |
Selling, General & Admin | $11.62M | $13.71M | $1.356M |
YoY Change | 756.9% | 3072.85% | 18.77% |
% of Gross Profit | 226.08% | 297.87% | |
Research & Development | $7.639M | $9.367M | |
YoY Change | 94.82% | ||
% of Gross Profit | 148.65% | 203.45% | |
Depreciation & Amortization | $202.0K | $166.0K | |
YoY Change | |||
% of Gross Profit | 3.93% | 3.61% | |
Operating Expenses | $19.26M | $23.08M | $1.356M |
YoY Change | 1320.32% | 5239.98% | 18.77% |
Operating Profit | -$14.12M | -$18.48M | |
YoY Change | 4174.86% | ||
Interest Expense | $59.00K | $4.000K | $1.629M |
YoY Change | -96.38% | -99.61% | 20470.45% |
% of Operating Profit | |||
Other Income/Expense, Net | -$21.45M | -$13.00K | -$265.3K |
YoY Change | 7983.9% | -101.01% | -106.58% |
Pretax Income | -$35.51M | -$1.286M | $8.030K |
YoY Change | -442291.78% | -251.16% | -99.72% |
Income Tax | $1.000K | $0.00 | $351.4K |
% Of Pretax Income | 4375.72% | ||
Net Earnings | -$36.31M | -$1.286M | -$343.3K |
YoY Change | 10475.23% | -295.01% | -111.86% |
Net Earnings / Revenue | -634.66% | -24.76% | |
Basic Earnings Per Share | -$0.13 | ||
Diluted Earnings Per Share | -$0.81 | -$0.13 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 26.32M shares | 13.17M shares | |
Diluted Shares Outstanding | 13.17M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $11.78M | $21.38M | $153.6K |
YoY Change | 7569.31% | 10200.1% | -23.56% |
Cash & Equivalents | $11.78M | $21.38M | $153.6K |
Short-Term Investments | |||
Other Short-Term Assets | $5.972M | $2.977M | $206.3K |
YoY Change | 2794.39% | 2918.35% | -36.51% |
Inventory | $2.545M | $1.629M | $1.471M |
Prepaid Expenses | $2.986M | $2.977M | $206.3K |
Receivables | $3.554M | $3.052M | $1.557M |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $20.86M | $29.04M | $359.9K |
YoY Change | 5696.74% | 9383.61% | -31.56% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.270M | $1.897M | $2.231M |
YoY Change | 46.57% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $466.0K | $367.0K | $19.83M |
YoY Change | -97.65% | -99.85% | -92.07% |
Total Long-Term Assets | $4.863M | $4.513M | $19.83M |
YoY Change | -75.47% | -98.2% | -92.07% |
TOTAL ASSETS | |||
Total Short-Term Assets | $20.86M | $29.04M | $359.9K |
Total Long-Term Assets | $4.863M | $4.513M | $19.83M |
Total Assets | $25.73M | $33.55M | $20.19M |
YoY Change | 27.43% | -86.65% | -91.94% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.391M | $1.899M | $1.443M |
YoY Change | 135.01% | 135.53% | 36.43% |
Accrued Expenses | $10.88M | $6.600M | $6.377M |
YoY Change | 70.55% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $14.69M | $9.305M | $2.502M |
YoY Change | 487.01% | 386.22% | 56.22% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $1.341M |
YoY Change | -100.0% | -100.0% | |
Other Long-Term Liabilities | $36.98M | $15.76M | $9.811M |
YoY Change | 276.87% | 65.12% | -37.3% |
Total Long-Term Liabilities | $36.98M | $15.76M | $11.15M |
YoY Change | 231.55% | 53.84% | -28.73% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $14.69M | $9.305M | $2.502M |
Total Long-Term Liabilities | $36.98M | $15.76M | $11.15M |
Total Liabilities | $51.66M | $25.07M | $13.65M |
YoY Change | 278.36% | 106.15% | -20.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$248.4M | -$212.9M | -$13.27M |
YoY Change | 1772.11% | 1725.65% | -20.64% |
Common Stock | $2.000K | $2.000K | $0.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$25.94M | $8.487M | -$13.27M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $25.73M | $33.55M | $20.19M |
YoY Change | 27.43% | -86.65% | -91.94% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$36.31M | -$1.286M | -$343.3K |
YoY Change | 10475.23% | -295.01% | -111.86% |
Depreciation, Depletion And Amortization | $202.0K | $166.0K | |
YoY Change | |||
Cash From Operating Activities | -$8.849M | -$21.46M | -$1.266M |
YoY Change | 599.14% | 6055.37% | 85.88% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $372.0K | $178.0K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$328.0K | -$1.139M | $232.8M |
YoY Change | -100.14% | -496.86% | 387933.57% |
Cash From Investing Activities | -$700.0K | -$1.317M | $232.8M |
YoY Change | -100.3% | -558.89% | 387933.57% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 43.00K | 40.25M | -231.6M |
YoY Change | -100.02% | 20026.5% | -42675.08% |
NET CHANGE | |||
Cash From Operating Activities | -8.849M | -21.46M | -1.266M |
Cash From Investing Activities | -700.0K | -1.317M | 232.8M |
Cash From Financing Activities | 43.00K | 40.25M | -231.6M |
Net Change In Cash | -9.506M | 17.48M | -54.02K |
YoY Change | 17497.19% | 12528.42% | -29.77% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.849M | -$21.46M | -$1.266M |
Capital Expenditures | $372.0K | $178.0K | |
Free Cash Flow | -$9.221M | -$21.63M | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
tlsi |
Common Stock Share Price Market Price Number Of Consecutive Trading Days
CommonStockSharePriceMarketPriceNumberOfConsecutiveTradingDays
|
P3D | ||
CY2023Q3 | tlsi |
Preferred Stock Number Of Trading Days Volume Weighted Average Price
PreferredStockNumberOfTradingDaysVolumeWeightedAveragePrice
|
P10D | |
CY2023Q3 | tlsi |
Lease Liability Current
LeaseLiabilityCurrent
|
379000 | usd |
CY2022Q4 | tlsi |
Lease Liability Current
LeaseLiabilityCurrent
|
370000 | usd |
CY2023Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
427000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
142000 | usd |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
9305000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
32357000 | usd |
CY2023Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
164006000 | usd |
CY2023Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
1000 | usd |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30898162 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
26316681 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
26316681 | shares |
CY2023Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | usd |
CY2023Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
221351000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
10028000 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-212867000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-186358000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8487000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-176330000 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
33554000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
21995000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5193000 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3923000 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
2023000 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1442000 | usd | |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
4604000 | usd |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
3222000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
10767000 | usd | |
CY2023Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9367000 | usd |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
15091000 | usd | |
CY2022Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3030000 | usd |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
11430000 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
8881000 | usd | |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9025000 | usd |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3495000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
17498000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8425000 | usd | |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18477000 | usd |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8111000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-40032000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-24667000 | usd | |
CY2023Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
116000 | usd |
CY2022Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
49000 | usd |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
187000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
75000 | usd | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
4000 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
0 | usd |
us-gaap |
Interest Expense
InterestExpense
|
13000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
0 | usd | |
CY2023Q3 | tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
0 | usd |
CY2022Q3 | tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
0 | usd |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
-4171000 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
0 | usd | |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-13000 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-31000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-56000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-71000 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1286000 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8093000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-23521000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-24642000 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1286000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8093000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-23529000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24645000 | usd | |
CY2023Q3 | us-gaap |
Preferred Stock Convertible Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
PreferredStockConvertibleDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
|
0 | usd |
CY2022Q3 | us-gaap |
Preferred Stock Convertible Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
PreferredStockConvertibleDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
|
0 | usd |
us-gaap |
Preferred Stock Convertible Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
PreferredStockConvertibleDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
|
2981000 | usd | |
us-gaap |
Preferred Stock Convertible Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
PreferredStockConvertibleDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
|
0 | usd | |
CY2023Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
458000 | usd |
CY2022Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | usd |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
458000 | usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1744000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-8093000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-26968000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-24645000 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-25.95 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-25.95 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.68 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5.68 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-82.17 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-82.17 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13173422 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13173422 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
311823 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
311823 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4749849 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4749849 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
299936 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
299936 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-176330000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
50000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
73000 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Convertible Down Round Feature Increase Decrease In Equity Amount1
PreferredStockConvertibleDownRoundFeatureIncreaseDecreaseInEquityAmount1
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8268000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-184475000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
16000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
69000 | usd |
CY2023Q2 | us-gaap |
Preferred Stock Convertible Down Round Feature Increase Decrease In Equity Amount1
PreferredStockConvertibleDownRoundFeatureIncreaseDecreaseInEquityAmount1
|
0 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13974000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-198364000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
29000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
259000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
204236000 | usd |
CY2023Q3 | tlsi |
Adjustments To Additional Paid In Capital Warrants Assumed In Reverse Recapitalization
AdjustmentsToAdditionalPaidInCapitalWarrantsAssumedInReverseRecapitalization
|
2568000 | usd |
CY2023Q3 | tlsi |
Stock Issued During Period Value Reverse Recapitalization
StockIssuedDuringPeriodValueReverseRecapitalization
|
957000 | usd |
CY2023Q3 | tlsi |
Adjustments To Additional Paid In Capital Recognition Of Derivative Instrument Contingent Consideration Liability
AdjustmentsToAdditionalPaidInCapitalRecognitionOfDerivativeInstrumentContingentConsiderationLiability
|
28927000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
34151000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1286000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8487000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-129604000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
61000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
62000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7873000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-137354000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
5000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
70000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8679000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-145958000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
7000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
119000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8093000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-153925000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-23529000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24645000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
500000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
452000 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
-4171000 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
0 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
402000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
251000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-60000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-50000 | usd | |
tlsi |
Gain Loss On Milestone Payment For Asset Acquistion
GainLossOnMilestonePaymentForAssetAcquistion
|
-1000000 | usd | |
tlsi |
Gain Loss On Milestone Payment For Asset Acquistion
GainLossOnMilestonePaymentForAssetAcquistion
|
-1000000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1477000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
936000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
158000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-6000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-1041000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
1306000 | usd | |
tlsi |
Payments For Assets Acquisition Milestone
PaymentsForAssetsAcquisitionMilestone
|
1000000 | usd | |
tlsi |
Payments For Assets Acquisition Milestone
PaymentsForAssetsAcquisitionMilestone
|
1000000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
205000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
63000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1421000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1514000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
9189000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
3499000 | usd | |
tlsi |
Proceeds From Refundable Prepayments For Preferred Stock
ProceedsFromRefundablePrepaymentsForPreferredStock
|
0 | usd | |
tlsi |
Proceeds From Refundable Prepayments For Preferred Stock
ProceedsFromRefundablePrepaymentsForPreferredStock
|
3986000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
9630000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | usd | |
tlsi |
Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
|
36854000 | usd | |
tlsi |
Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
|
0 | usd | |
tlsi |
Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
|
1116000 | usd | |
tlsi |
Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
|
0 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
65000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
4000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
94000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
73000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
54586000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7554000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
11969000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-17963000 | usd | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21633000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12338000 | usd |
tlsi |
Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
|
25409000 | usd | |
tlsi |
Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
|
0 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of Business<div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 10, 2023 (the "Closing Date"), TriSalus Life Sciences, Inc., a Delaware corporation (the “Company,” “TriSalus,” “we,” “us”), formerly known as MedTech Acquisition Corporation (“MTAC”), consummated the previously announced merger pursuant to the Agreement and Plan of Merger, dated as of November 11, 2022, as amended by that certain First Amendment to Agreement and Plan of Merger, dated as of April 4, 2023, the Second Amendment to Agreement and Plan of Merger, dated as of May 13, 2023, and the Third Amendment to Agreement and Plan of Merger, dated as of July 5, 2023 (as amended, the “Merger Agreement”), by and between MTAC Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of MTAC (“Merger Sub”) and TriSalus Operating Life Sciences, Inc. (formerly known as TriSalus Life Sciences, Inc.), a Delaware corporation (“Legacy TriSalus”), whereby Merger Sub merged with and into Legacy TriSalus with the separate corporate existence of Merger Sub ceasing (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”) and TriSalus Life Sciences, Inc. becoming the surviving company. The closing of the Business Combination is herein referred to as “the Closing.” In connection with the consummation of the Merger, on August 10, 2023, Legacy TriSalus changed its name from TriSalus Life Sciences, Inc. to TriSalus Operating Life Sciences, Inc., and MTAC changed its name from MedTech Acquisition Corporation to TriSalus Life Sciences, Inc., the surviving company ("New TriSalus”). As further described in Note 3, Legacy TriSalus was deemed to be the accounting acquirer and predecessor company in the Business Combination. Thus, the prior periods presented in these consolidated financial statements are of Legacy TriSalus.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Description of the Business</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are engaged in the research, development, and sales of innovative drug delivery technology and immune-oncology therapeutics to improve outcomes in difficult to treat liver and pancreatic cancer. Our technology is utilized in the delivery of our therapeutics and administered by interventional radiologists. We are developing and marketing two product lines — Pressure Enabled Drug Delivery (“PEDD™) infusion systems, in use today, and an investigational agent, SD-101, which shows potential to enhance immune system response in the treatment of hepatocellular cancer, pancreatic cancer and other liver solid tumors. The combination of our PEDD technology with SD-101, is focused on solving the two main barriers in the tumor micro environment that inhibits the success of immunotherapy. The first barrier (mechanical) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">is comprised of high intratumoral pressure within tumors that limits drug uptake and the second barrier (biological) is the reversal of intratumoral immunosuppression. Our PEDD with SmartValve™ is the only technology designed to work in synchrony with the cardiac cycle to open collapsed vessels in the tumor to enable deeper perfusion and improve therapeutic drug delivery in tumors with high intratumoral pressure. PEDD with SmartValve has been shown in prospective and retrospective clinical studies and in multiple pre-clinical models to improve therapy uptake and tumor response.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TriNav™ is the newest therapy delivery device with SmartValve technology for the proprietary PEDD approach. Current sales consist of the TriNav Infusion System, introduced in 2020, and a family of related guiding catheters. In 2020, we gained transitional pass-through payments (“TPT”) approval from the Centers for Medicare & Medicaid Services (“CMS”), which allows hospitals to cover the cost of using TriNav. The approval is scheduled to expire at the end of 2023. On June 1, 2023, TriSalus applied for a new technology Ambulatory Payment Classifications ("APC”) code with CMS and met with CMS on June 26, 2023, to review the application. If granted, the new technology APC code would allow for continuing reimbursement for the TriNav device at similar reimbursement rates for the period beginning January 1, 2024, but there can be no assurance that such code will be granted or that continuing reimbursement will be available at similar reimbursement rates, or at all.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SD-101 has a dual mechanism of action in solid tumors which includes the alteration of the tumor microenvironment by reducing immunosuppressive myeloid derived suppressor cells while simultaneously activating immune response and recruiting T cells to the tumor, allowing checkpoint inhibitors to work more effectively. </span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe the full potential of our technology can be realized through the combination of our drug delivery technology with immune-oncology drugs. In July 2020, we acquired our first immune-oncology drug, SD-101, and began clinical development of SD-101 for treatment of liver and pancreatic cancers.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have funded operations to date principally with proceeds from the sale of preferred stock, from the issuance of debt and convertible debt, and the closing of the Business Combination. Since inception of the Company in 2009 through September 30, 2023, we have issued for cash $164,364 of preferred stock (of which $36,854 was raised at the closing of the Business Combination, including issuance of Series A convertible preferred stock), which, along with </span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$551 from common stock and $44,692 from convertible notes and warrants, has funded our accumulated deficit of $212,867. During the nine months ended September 30, 2023, we raised $9,189 in cash through the issuance of Series B-2 preferred stock, $9,630 in cash through the issuance of Series B-3 preferred stock, $94 from the exercise of stock options, and $36,854 from the Business Combination. </span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2023, we had cash and cash equivalents of $21,383. The Company is still in its early stage, has yet to generate revenues sufficient to create positive cash flow and has an accumulated deficit of $212,867 as of September 30, 2023. We are currently undergoing a strategic transformation from a company focused solely on the sale of our infusion systems to a therapeutics company whereby our medical devices will be marketed in combination with the pharmaceutical drugs and other treatments that the devices deliver to patients. This transformation requires that we restructure our operating infrastructure, resulting in an increase in operating expenses — including the development of a candidate pharmaceutical — that, in the short term, will not be fully offset by increased revenues. Without additional financing and based on our sales, operations and research and development plans, our management estimates that our existing cash and cash equivalents will be insufficient to fund our projected liquidity requirements for the next 12 months.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In accordance with ASC Topic 205-40, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Presentation of Financial Statements, Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, we are required to evaluate whether there is substantial doubt about our ability to continue as a going concern each reporting period. In evaluating our ability to continue as a going concern, management projected our cash flow sources and needs and evaluated the conditions and events have raised substantial doubt about our ability to continue as a going concern within one year after the date that these consolidated financial statements were issued. Management’s plans to address the conditions and events have considered our current projections of future cash flows, current financial condition, sources of liquidity and debt obligations for at least one year from the date of issuance of these consolidated financial statements in considering whether we have the ability to fund future operations and meet our obligations as they become due in the normal course of business.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our ability to fund future operations and to continue the execution of our long-term business plan and strategy, including our transformation into a therapeutics company, will require that we raise additional capital through a combination collaborations, strategic alliances and licensing arrangements, and issuance of additional equity and/or long-term debt. There can be no assurance that we will be able to raise such additional financing or, if available, that such financing can be obtained on satisfactory terms. If adequate capital resources are not available on a timely basis, we intend to consider limiting our operations substantially. This limitation of operations could include a hiring freeze, reductions in our workforce, reduction in cash compensation, deferring clinical trials and capital expenditures, and reducing other operating costs.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our current operating plan, which is in part determined based on our most recent results and trends, along with the items noted above, causes substantial doubt to exist about our ability to continue as a going concern and management’s plans do not alleviate the existence of substantial doubt. Our financial statements have been prepared assuming we will continue as a going concern, which contemplates the continuity of normal business activities and realization of assets and settlement of liabilities in the normal course of business, and do not include any adjustments that might be necessary should we be unable to continue as a going concern.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to various risks and uncertainties frequently encountered by companies in the early stages of growth, particularly companies in the rapidly evolving market for medical technology-based and pharmaceutical products and services. Such risks and uncertainties include, but are not limited to, a limited operating history, need for additional capital, a volatile business and technological environment, the process to test and obtain approval to market the candidate pharmaceutical, the process to obtain continuing CMS approval and application for a new ACS code for our PEDD product for reimbursement, an evolving business model, and demand for our products. To address these risks, we must, among other things, gain access to capital in sufficient amounts and on acceptable terms, maintain and increase our customer base, implement and successfully execute our business strategy, develop the candidate pharmaceutical, continue to enhance our technology, provide superior customer service, and attract, retain, and motivate qualified personnel. There can be no guarantee that we will succeed in addressing such risks.</span></div><div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Subsequent Event</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 2, 2023, we entered into a Standby Equity Purchase Agreement (the “Yorkville Purchase Agreement”) with YA II PN, Ltd. (“Yorkville”). Yorkville is a fund managed by Yorkville Advisors Global, LP, headquartered in Mountainside, New Jersey.</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Yorkville Purchase Agreement, the Company shall have the right, but not the obligation, to sell to Yorkville up to $30,000 of common stock, par value $0.0001 per share of the Company (the “Common Stock”), at the Company’s request any time during the commitment period commencing on October 2, 2023 (the “Effective Date”), and terminating on the first day of the month following the 24-month anniversary of the Effective Date. Each issuance </span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and sale by the Company to Yorkville under the Yorkville Purchase Agreement (an “Advance”) is subject to a maximum limit equal to the greater of: (i) an amount equal to 100% of the average of the daily volume traded of the Company’s Common Stock on the Nasdaq Stock Market (“Nasdaq”) for the 10 trading days immediately preceding an Advance notice, or (ii) 1,000,000 shares of Common Stock. The shares will be issued and sold to Yorkville at a per-share price equal to, at the election of the Company as specified in the relevant Advance notice: (i) 96% of the Market Price (as defined below) for any period commencing on the receipt of the Advance notice by Yorkville and ending on </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4:00</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> p.m. New York City time on the applicable Advance notice date (the “Option 1 Pricing Period”), and (ii) 97% of the Market Price for any <span style="-sec-ix-hidden:f-385">three</span> consecutive trading days commencing on the Advance notice date (the “Option 2 Pricing Period,” and each of the Option 1 Pricing Period and the Option 2 Pricing Period, a “Pricing Period”). “Market Price” is defined as, for any Option 1 Pricing Period, the daily volume-weighted average price (“VWAP”) of the Common Stock on Nasdaq, and for any Option 2 Pricing Period, the lowest VWAP of the Common Stock on the Nasdaq during the Option 2 Pricing Period. The Advances are subject to certain limitations, including that Yorkville cannot purchase any shares that would result in it beneficially owning more than 4.99% of the Company’s outstanding Common Stock at the time of an Advance or acquiring since the Effective Date under the Yorkville Purchase Agreement more than 19.99% of the Company’s outstanding Common Stock, as of the date of the Yorkville Purchase Agreement.</span> | ||
tlsi |
Number Of Product Lines In Development
NumberOfProductLinesInDevelopment
|
2 | product_line | |
tlsi |
Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
|
36854000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
551000 | usd | |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-212867000 | usd |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
9189000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
9630000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
94000 | usd | |
tlsi |
Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
|
36854000 | usd | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21383000 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-212867000 | usd |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
tlsi |
Standby Equity Purchase Agreement Term
StandbyEquityPurchaseAgreementTerm
|
P24M | ||
CY2023Q3 | tlsi |
Purchase Agreement Ownership Limitation
PurchaseAgreementOwnershipLimitation
|
0.0499 | |
CY2023Q3 | tlsi |
Purchase Agreement Exchange Cap
PurchaseAgreementExchangeCap
|
0.1999 | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
Concentrations of Credit Risk and Other Risks and UncertaintiesOur cash and cash equivalents are deposited primarily with two financial institutions and one investment institution. At times, the deposits in these institutions may exceed the amount of insurance provided on such deposits. We have not experienced any losses in such accounts and believe that we are not exposed to any significant risk on these balances. | ||
CY2023Q3 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
40150000 | usd |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
tlsi |
Preferred Stock Conversion Percentage Of Outstanding Shares
PreferredStockConversionPercentageOfOutstandingShares
|
0.992 | ||
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
Use of EstimatesThe preparation of the consolidated financial statements in conformity with GAAP requires us 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 consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates. The most significant estimates relate to the valuation of earnout, warrant and tranche liabilities, and the valuation allowance on deferred tax assets. | ||
CY2023Q3 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
4015002 | shares |
CY2023Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
10.00 | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
CY2023Q3 | tlsi |
Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
|
0.02471853 | shares |
CY2023Q3 | tlsi |
Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
|
21999886 | shares |
CY2023Q3 | tlsi |
Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
|
0.02471853 | shares |
CY2023Q3 | tlsi |
Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
|
42854000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
2704000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
40150000 | usd |
CY2023Q3 | tlsi |
Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
|
36854000 | usd |
CY2023Q3 | tlsi |
Reverse Recapitalization Transaction Costs Incurred
ReverseRecapitalizationTransactionCostsIncurred
|
6069000 | usd |
CY2023Q3 | tlsi |
Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
|
1742000 | usd |
CY2023Q3 | tlsi |
Reverse Recapitalization Transaction Costs Paid
ReverseRecapitalizationTransactionCostsPaid
|
4327000 | usd |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
26316681 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
2816224 | shares |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
14266605 | shares |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
11.50 | |
CY2023Q3 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
28927000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
16188000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21383000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9414000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
250000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
250000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21633000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9664000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
250000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
250000 | usd |
CY2023Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
289000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
753000 | usd |
CY2023Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1340000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
718000 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
1629000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
1471000 | usd |
CY2023Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
0 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
43000 | usd |
CY2023Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3404000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2905000 | usd |
CY2023Q3 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
2706000 | usd |
CY2022Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
2896000 | usd |
CY2023Q3 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
475000 | usd |
CY2022Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
329000 | usd |
CY2023Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
15000 | usd |
CY2022Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
247000 | usd |
CY2023Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
6600000 | usd |
CY2023Q3 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
28927000 | usd |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
14266605 | shares |
tlsi |
Class Of Warrant Or Right Threshold Number Of Days For Warrants To Be Transferable
ClassOfWarrantOrRightThresholdNumberOfDaysForWarrantsToBeTransferable
|
P30D | ||
CY2023Q3 | tlsi |
Class Of Warrant Or Right Repurchase Program Authorized Amount
ClassOfWarrantOrRightRepurchaseProgramAuthorizedAmount
|
4000000 | usd |
CY2023Q3 | tlsi |
Share Based Compensation Arrangement Number Of Plans
ShareBasedCompensationArrangementNumberOfPlans
|
2 | plan |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
7500732 | shares |
CY2023Q3 | tlsi |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
|
2816224 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
4684508 | shares |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | ||
CY2023Q3 | us-gaap |
Preferred Stock Capital Shares Reserved For Future Issuance
PreferredStockCapitalSharesReservedForFutureIssuance
|
5984998 | shares |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
458000 | usd | |
CY2023Q3 | tlsi |
Preferred Stock Automatic Conversion Period
PreferredStockAutomaticConversionPeriod
|
P4Y | |
CY2023Q3 | tlsi |
Preferred Stock Conversion Price Automatic Reset Duration First Reset
PreferredStockConversionPriceAutomaticResetDurationFirstReset
|
P18M | |
CY2023Q3 | tlsi |
Preferred Stock Conversion Price Automatic Reset Duration Second Reset
PreferredStockConversionPriceAutomaticResetDurationSecondReset
|
P47M | |
CY2023Q3 | tlsi |
Preferred Stock Conversion Price Floor
PreferredStockConversionPriceFloor
|
2.10 | |
CY2023Q3 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
706243 | shares |
CY2023Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
203974000 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
164006000 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
164006000 | usd |
us-gaap |
Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
|
39968000 | usd | |
tlsi |
Temporary Equity Value Conversion Of Convertible Securities
TemporaryEquityValueConversionOfConvertibleSecurities
|
203974000 | usd | |
CY2021Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
160507000 | usd |
us-gaap |
Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
|
3499000 | usd | |
CY2022Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
164006000 | usd |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2871084 | shares |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
9630000 | usd | |
tlsi |
Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
|
25409000 | usd | |
tlsi |
Reverse Recapitalization Stock Value If Converted Amount
ReverseRecapitalizationStockValueIfConvertedAmount
|
220000000 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
-4171000 | usd | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
21097831 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
13381126 | shares | |
us-gaap |
Preferred Stock Convertible Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
PreferredStockConvertibleDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
|
2981000 | usd | |
tlsi |
Income Loss From Preferred Stock Convertible Down Round Feature Per Basic Share
IncomeLossFromPreferredStockConvertibleDownRoundFeaturePerBasicShare
|
-0.72 | ||
tlsi |
Share Based Compensation Arrangement By Share Based Payment Award Automatic Increase Per Year Number Of Years
ShareBasedCompensationArrangementByShareBasedPaymentAwardAutomaticIncreasePerYearNumberOfYears
|
P10Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1179480 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.66 |