2024 Q3 Form 10-Q Financial Statement
#000182666724000039 Filed on August 14, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
Revenue | $7.349M | $7.364M | $4.612M |
YoY Change | 41.52% | 59.67% | |
Cost Of Revenue | $1.004M | $912.0K | $772.0K |
YoY Change | 70.46% | 18.13% | |
Gross Profit | $6.345M | $6.452M | $3.840M |
YoY Change | 37.81% | 68.02% | |
Gross Profit Margin | 86.34% | 87.62% | 83.26% |
Selling, General & Admin | $10.87M | $9.960M | $8.412M |
YoY Change | -20.77% | 18.4% | 2818.1% |
% of Gross Profit | 171.24% | 154.37% | 219.06% |
Research & Development | $4.219M | $4.666M | $6.862M |
YoY Change | -54.96% | -32.0% | |
% of Gross Profit | 66.49% | 72.32% | 178.7% |
Depreciation & Amortization | $169.0K | $194.0K | $334.0K |
YoY Change | 1.81% | -41.92% | |
% of Gross Profit | 2.66% | 3.01% | 8.7% |
Operating Expenses | $15.08M | $14.63M | $15.27M |
YoY Change | -34.65% | -4.24% | 5198.5% |
Operating Profit | -$8.739M | -$8.174M | -$1.430M |
YoY Change | -52.7% | 471.61% | 396.05% |
Interest Expense | -$984.0K | $877.0K | -$3.572M |
YoY Change | -24700.0% | -124.55% | -1235.01% |
% of Operating Profit | |||
Other Income/Expense, Net | -$13.00K | -$44.00K | $477.7K |
YoY Change | 0.0% | -109.21% | -80.0% |
Pretax Income | -$2.402M | -$4.325M | -$952.3K |
YoY Change | 86.78% | 354.16% | -139.44% |
Income Tax | -$3.000K | $7.000K | $42.72K |
% Of Pretax Income | |||
Net Earnings | -$2.399M | -$4.332M | -$995.0K |
YoY Change | 86.55% | 335.36% | -141.7% |
Net Earnings / Revenue | -32.64% | -58.83% | -21.58% |
Basic Earnings Per Share | -$0.12 | -$0.21 | -$35.84 |
Diluted Earnings Per Share | -$0.12 | -$0.21 | -$0.61 |
COMMON SHARES | |||
Basic Shares Outstanding | 29.31M shares | 26.76M shares | 446.3K shares |
Diluted Shares Outstanding | 26.50M shares | 23.90M shares | 446.3K shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $11.29M | $16.48M | $3.904M |
YoY Change | -47.21% | 322.16% | 5543.25% |
Cash & Equivalents | $11.29M | $16.48M | $104.0K |
Short-Term Investments | |||
Other Short-Term Assets | $3.609M | $3.311M | $4.859M |
YoY Change | 21.23% | -31.86% | 2363.37% |
Inventory | $3.999M | $3.443M | $1.522M |
Prepaid Expenses | $3.609M | $3.311M | $57.48K |
Receivables | $4.912M | $4.706M | $2.094M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $23.81M | $27.94M | $161.5K |
YoY Change | -18.02% | 17205.86% | -39.4% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.818M | $1.830M | $3.207M |
YoY Change | -4.16% | -42.94% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $424.0K | $424.0K | $367.0K |
YoY Change | 15.53% | 15.53% | -99.85% |
Total Long-Term Assets | $3.669M | $4.490M | $12.08M |
YoY Change | -18.7% | -62.82% | -95.18% |
TOTAL ASSETS | |||
Total Short-Term Assets | $23.81M | $27.94M | $161.5K |
Total Long-Term Assets | $3.669M | $4.490M | $12.08M |
Total Assets | $27.48M | $32.43M | $12.24M |
YoY Change | -18.11% | 165.01% | -95.12% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.446M | $1.976M | $4.297M |
YoY Change | -23.85% | -54.01% | 461.52% |
Accrued Expenses | $7.877M | $9.407M | $9.490M |
YoY Change | 19.35% | -0.87% | |
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 | $9.918M | $12.00M | $6.031M |
YoY Change | 6.59% | 98.91% | 247.14% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $21.68M | $21.29M | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $16.32M | $23.30M | $1.672M |
YoY Change | 3.51% | 1293.36% | -82.96% |
Total Long-Term Liabilities | $21.68M | $21.29M | $1.672M |
YoY Change | 37.53% | 1173.09% | -83.78% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $9.918M | $12.00M | $6.031M |
Total Long-Term Liabilities | $21.68M | $21.29M | $1.672M |
Total Liabilities | $47.91M | $56.58M | $15.31M |
YoY Change | 91.13% | 269.51% | 27.08% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$269.4M | -$265.9M | -$15.12M |
YoY Change | 26.58% | 1658.71% | |
Common Stock | $3.000K | $2.000K | |
YoY Change | 50.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$20.43M | -$24.15M | -$15.12M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $27.48M | $32.43M | $12.24M |
YoY Change | -18.11% | 165.01% | -95.12% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.399M | -$4.332M | -$995.0K |
YoY Change | 86.55% | 335.36% | -141.7% |
Depreciation, Depletion And Amortization | $169.0K | $194.0K | $334.0K |
YoY Change | 1.81% | -41.92% | |
Cash From Operating Activities | -$10.85M | -$13.42M | -$19.04M |
YoY Change | -49.45% | -29.5% | 2632.54% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $169.0K | $60.00K | $38.00K |
YoY Change | -5.06% | 57.89% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $164.0K |
YoY Change | -100.0% | -100.0% | 105.0% |
Cash From Investing Activities | -$169.0K | -$60.00K | $126.0K |
YoY Change | -87.17% | -147.62% | 57.5% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 5.823M | 25.99M | 13.41M |
YoY Change | -85.53% | 93.79% | 2012.28% |
NET CHANGE | |||
Cash From Operating Activities | -10.85M | -13.42M | -19.04M |
Cash From Investing Activities | -169.0K | -60.00K | 126.0K |
Cash From Financing Activities | 5.823M | 25.99M | 13.41M |
Net Change In Cash | -5.193M | 12.51M | -5.500M |
YoY Change | -129.71% | -327.47% | -30236.99% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$10.85M | -$13.42M | -$19.04M |
Capital Expenditures | $169.0K | $60.00K | $38.00K |
Free Cash Flow | -$11.02M | -$13.48M | -$19.08M |
YoY Change | -49.08% | -29.33% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
59000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2660000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2064000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-24289000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-19739000 | usd | |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16831000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4154000 | usd |
CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
222437000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25938000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
25725000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
13821000 | usd | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25938000 | usd |
CY2024Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2763000 | usd |
CY2024Q2 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
1664000 | usd |
CY2024Q2 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
351000 | usd |
CY2024Q2 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
386000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1113000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1127000 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
466000 | usd |
CY2024Q2 | us-gaap |
Assets
Assets
|
32431000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
25725000 | usd |
CY2024Q2 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
1976000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
3391000 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9407000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
10556000 | usd |
CY2024Q2 | tlsi |
Lease Liability Current
LeaseLiabilityCurrent
|
323000 | usd |
CY2023Q4 | tlsi |
Lease Liability Current
LeaseLiabilityCurrent
|
351000 | usd |
CY2024Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
291000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
389000 | usd |
CY2024Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
11997000 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
14687000 | usd |
CY2023Q4 | 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 | |
CY2024Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
424000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
21286000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
0 | usd |
CY2024Q2 | tlsi |
Revenue Base Redemption Liability
RevenueBaseRedemptionLiability
|
715000 | usd |
CY2023Q4 | tlsi |
Revenue Base Redemption Liability
RevenueBaseRedemptionLiability
|
0 | usd |
CY2024Q2 | tlsi |
Lease Liability Noncurrent
LeaseLiabilityNoncurrent
|
1154000 | usd |
CY2023Q4 | tlsi |
Lease Liability Noncurrent
LeaseLiabilityNoncurrent
|
1244000 | usd |
CY2024Q2 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
8931000 | usd |
CY2023Q4 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
18632000 | usd |
CY2024Q2 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
12497000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
17100000 | usd |
CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
56580000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
51663000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
10.00 | |
CY2024Q2 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
10.00 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
4015002 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
4015002 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
26413213 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
26413213 | shares |
CY2024Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | usd |
CY2024Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
241777000 | usd |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-265928000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-248377000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-24149000 | usd |
CY2024Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
32431000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7596000 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1883000 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1434000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
11938000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
6162000 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10523000 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12504000 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
12691000 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
6741000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8583000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8472000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-19859000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-21555000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
189000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
71000 | usd | |
CY2024Q2 | us-gaap |
Interest Expense
InterestExpense
|
877000 | usd |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
4000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
880000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
9000 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
0 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
-4189000 | usd | |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
0 | usd | |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
0 | usd | |
tlsi |
Gain Loss On Change In Fair Value Of Warrants And Other Liabilities
GainLossOnChangeInFairValueOfWarrantsAndOtherLiabilities
|
-6495000 | usd | |
tlsi |
Gain Loss On Change In Fair Value Of Warrants And Other Liabilities
GainLossOnChangeInFairValueOfWarrantsAndOtherLiabilities
|
3491000 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-9701000 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
0 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-197000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-43000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-17541000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-22234000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-17551000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22242000 | usd | |
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 Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1602000 | usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-19153000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-25223000 | usd | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.21 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.21 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-35.84 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-35.84 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-59.79 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-59.79 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
446287 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
446287 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
421861 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
421861 | shares | |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
7000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1086000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3141000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13219000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-34923000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
5000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1275000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3602000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
11923000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
1699000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4332000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-24149000 | usd |
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
|
74000 | 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
|
-184473000 | 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
|
-198363000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-198363000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-17551000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22242000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
382000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
334000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
152000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
0 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-6921000 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
3491000 | usd | |
tlsi |
Gain Loss On Change In Fair Value Of Revenue Base Redemption And Warrant Liability
GainLossOnChangeInFairValueOfRevenueBaseRedemptionAndWarrantLiability
|
426000 | usd | |
tlsi |
Gain Loss On Change In Fair Value Of Revenue Base Redemption And Warrant Liability
GainLossOnChangeInFairValueOfRevenueBaseRedemptionAndWarrantLiability
|
0 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
-9701000 | usd | |
us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
0 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
151000 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
0 | usd | |
tlsi |
Gain Loss On Equity Issuance
GainLossOnEquityIssuance
|
-4189000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2361000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
142000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-18000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-60000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
267000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1152000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
537000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
899000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
51000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
2025000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
266000 | usd | |
us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
-43000 | usd | |
us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
0 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-170000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
126000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
38000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
66000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-126000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-104000 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
9184000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6743000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
5126000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2593000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | usd | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
25000000 | usd | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
0 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
43000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
43000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
66000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
29119000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14333000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4704000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5510000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12127000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9664000 | usd |
tlsi |
Warrants Issued In Connection With Debt Value
WarrantsIssuedInConnectionWithDebtValue
|
811000 | usd | |
tlsi |
Warrants Issued In Connection With Debt Value
WarrantsIssuedInConnectionWithDebtValue
|
0 | usd | |
tlsi |
Revenue Base Redemption Feature In Connection With Debt Value
RevenueBaseRedemptionFeatureInConnectionWithDebtValue
|
729000 | usd | |
tlsi |
Revenue Base Redemption Feature In Connection With Debt Value
RevenueBaseRedemptionFeatureInConnectionWithDebtValue
|
0 | usd | |
tlsi |
Warrants Issued In Connection With Issuance Of Preferred Stock Value
WarrantsIssuedInConnectionWithIssuanceOfPreferredStockValue
|
0 | usd | |
tlsi |
Warrants Issued In Connection With Issuance Of Preferred Stock Value
WarrantsIssuedInConnectionWithIssuanceOfPreferredStockValue
|
14701000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
90000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd | |
tlsi |
Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
|
0 | usd | |
tlsi |
Class Of Warrant Or Right Transfer Of Warrant To Preferred Stock
ClassOfWarrantOrRightTransferOfWarrantToPreferredStock
|
12082000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of Business<div style="margin-top:9pt;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 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(3) Business Combination</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, Legacy TriSalus was deemed to be the accounting acquirer and predecessor company in the Business Combination. Thus, the prior periods presented in these condensed 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 dedicated to the research, development, and commercialization of an innovative drug delivery technology platform and an immuno-oncology therapeutic, aimed at improving outcomes for patients with difficult-to-treat liver and pancreatic cancers. Our advanced technology is designed for use by interventional radiologists to enhance the delivery of therapeutics and improve patient outcomes. </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 market our cutting-edge Pressure Enabled Drug Delivery (PEDD™) infusion systems, which optimize therapeutic delivery for hepatocellular carcinoma, pancreatic cancer, and other solid liver tumors. Additionally, we are developing nelitolimod, a TLR9 agonist with the potential to bolster the immune system's response. We are developing and marketing a product line — PEDD infusion systems, in use today—and we are developing a drug product candidate, nelitolimod, which has demonstrated a potential to enhance immune system response, when delivered via PEDD, in the treatment of hepatocellular cancer, pancreatic cancer and other liver solid tumors. The combination of our PEDD technology with nelitolimod is focused on solving the two main barriers in the tumor microenvironment that inhibits the success of systemic therapies. The first barrier (mechanical) 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. nelitolimod 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-bottom:6pt;margin-top:6pt;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 expired at the end of 2023. On June 1, 2023, </span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">we applied for a new technology APC code with CMS. In December 2023, CMS granted a New Technology Healthcare Common Procedure Coding System ("HCPCS") code for both mapping and therapeutic procedures involving TriNav. This new code, HCPCS C9797, has been assigned to the Ambulatory Payment Classification ("APC") code 5194 - Level 4 Endovascular procedures. The new code became effective on January 1, 2024, and may be reported by hospital outpatient departments and ambulatory surgical centers.</span></div><div style="margin-bottom:6pt;margin-top:6pt;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, nelitolimod, and began clinical development of nelitolimod for treatment of liver and pancreatic cancers.</span></div><div style="margin-bottom:6pt;margin-top:6pt;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 June 30, 2024, 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 $7,315 from common stock and $57,466 from convertible notes and warrants, has funded our accumulated deficit of $265,928. During the six months ended June 30, 2024, we raised $6,743 in cash through the sale of common stock under the Standby Equity Purchase Agreement, which we entered into with YA II PN, Ltd. ("Yorkville") on October 2, 2023 (the "SEPA") and $12 from the exercise of stock options. See Note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(13) Standby Equity Purchase Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for discussion of the SEPA.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 30, 2024 (the "OrbiMed Closing Date"), we entered into a Credit Agreement (the "Credit Agreement") with OrbiMed Royalty & Credit Opportunities IV, LP ("OrbiMed"), a healthcare investment firm. Under the terms of the Credit Agreement, we may borrow up to $50,000, of which we immediately drew $25,000, before expenses. The remaining debt is available in two increments of $10,000 and $15,000, subject to the achievement of certain revenue targets. See Note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(14) Debt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion.</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 June 30, 2024, we had cash, cash equivalents, and restricted cash of $16,831. The Company is still in its early stage, has a history of recurring operating losses, has yet to generate revenues sufficient to create positive cash flow and has an accumulated deficit of $265,928 as of June 30, 2024. We expect that our existing cash and cash equivalents will not be sufficient to fund our projected liquidity requirements for the next 12 months from the issuance date of the financial statements. If we are able to achieve certain targets specified in the Credit Agreement and are then able to draw the remainder of the funds available, and if market conditions allow us to sell additional shares under the SEPA, we believe we can fund our operations through the end of 2025.</span></div><div style="margin-bottom:6pt;margin-top:6pt;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 that could raise substantial doubt about our ability to continue as a going concern within one year after the date that these condensed 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 condensed consolidated financial statements as to 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 of collaborations, strategic alliances and licensing arrangements, and issuance of additional equity and/or debt. As described in Note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(13) Standby Equity Purchase Agreement</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, we have the right but not the obligation to sell up to $30,000 of our Common Stock at our request under the SEPA, subject to terms and conditions specified in the agreement. During the six months ended June 30, 2024, we sold 750,000 shares of common stock under the SEPA, raising $6,743. In addition, as described in Note </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(14) Debt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, in April 2024, we entered into a secured loan for up to $50,000, of which we immediately drew $25,000, before expenses. Outside of these agreements, 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-bottom:6pt;margin-top:6pt;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-bottom:6pt;margin-top:6pt;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, 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> | ||
CY2023Q3 | tlsi |
Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
|
36854000 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
7315000 | usd | |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-265928000 | usd |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000 | usd | |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16831000 | usd |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-265928000 | usd |
us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
750000 | shares | |
us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
6743000 | usd | |
CY2023Q3 | tlsi |
Derivative Instrument Contingent Consideration Liability Earnout Period
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriod
|
P5Y | |
CY2023Q4 | tlsi |
Standby Equity Purchase Agreement Term
StandbyEquityPurchaseAgreementTerm
|
P24M | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:6.91pt">Use of Estimates</span>The preparation of the condensed 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 condensed 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 | 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 | tlsi |
Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
|
0.02471853 | shares |
CY2023Q3 | tlsi |
Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
|
21999886 | shares |
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 |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
28927000 | usd |
CY2024Q2 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
8931000 | usd |
CY2023Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
16916000 | usd |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-6712000 | usd | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
|
-11923000 | usd | |
CY2024Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
11705000 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
16481000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11777000 | usd |
CY2024Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
350000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
350000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16831000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12127000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
350000 | usd |
CY2024Q2 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
350000 | usd |
CY2024Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
901000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
607000 | usd |
CY2024Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
2542000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
2055000 | usd |
CY2024Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
0 | usd |
CY2023Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
117000 | usd |
CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
3443000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
2545000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
13000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
22000 | usd | |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
25000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
51000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
51000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
51000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
51000 | usd |
CY2024Q2 | tlsi |
Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
|
884000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1113000 | usd |
CY2024Q2 | tlsi |
Accrued Clinical Trial Liability Current
AccruedClinicalTrialLiabilityCurrent
|
3706000 | usd |
CY2023Q4 | tlsi |
Accrued Clinical Trial Liability Current
AccruedClinicalTrialLiabilityCurrent
|
3115000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2790000 | usd |
CY2023Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
3736000 | usd |
CY2023Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
327000 | usd |
CY2023Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
557000 | usd |
CY2024Q2 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
500000 | usd |
CY2023Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
0 | usd |
CY2024Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
37000 | usd |
CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
31000 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9407000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
10556000 | 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 | |
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 |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
28927000 | usd |
CY2023Q4 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
18632000 | usd |
CY2024Q2 | us-gaap |
Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
8931000 | usd |
CY2024Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
14345917 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
14215112 | shares |
tlsi |
Class Of Warrant Or Right Threshold Number Of Days For Warrants To Be Transferable
ClassOfWarrantOrRightThresholdNumberOfDaysForWarrantsToBeTransferable
|
P30D | ||
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
1699000 | usd |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | ||
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | tlsi |
Standby Equity Purchase Agreement Term
StandbyEquityPurchaseAgreementTerm
|
P24M | |
CY2023Q4 | tlsi |
Standby Equity Purchase Agreement Maximum Allowable Percentage Of Outstanding Common Stock
StandbyEquityPurchaseAgreementMaximumAllowablePercentageOfOutstandingCommonStock
|
0.1999 | |
CY2024Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
400000 | shares |
us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
750000 | shares | |
CY2024Q2 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
3602000 | usd |
us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
6743000 | usd | |
CY2024Q2 | tlsi |
Debt Instrument Paid In Kind Interest Term
DebtInstrumentPaidInKindInterestTerm
|
P15M | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2593000 | usd | |
CY2024Q2 | tlsi |
Warrant Liability
WarrantLiability
|
811000 | usd |
CY2024Q2 | tlsi |
Revenue Base Redemption Feature Amount
RevenueBaseRedemptionFeatureAmount
|
729000 | usd |
CY2024Q2 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
445000 | usd |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
25000000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2593000 | usd | |
CY2024Q2 | tlsi |
Revenue Base Redemption Feature Amount
RevenueBaseRedemptionFeatureAmount
|
729000 | usd |
CY2024Q2 | tlsi |
Warrant Liability
WarrantLiability
|
811000 | usd |
CY2024Q2 | us-gaap |
Preferred Stock Capital Shares Reserved For Future Issuance
PreferredStockCapitalSharesReservedForFutureIssuance
|
5984998 | shares |
CY2024Q2 | tlsi |
Preferred Stock Dividends Undeclared Cumulative Dividends
PreferredStockDividendsUndeclaredCumulativeDividends
|
2860000 | 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 | |
CY2023Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
25237155000 | usd |
us-gaap |
Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
|
0 | usd | |
CY2024Q2 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
25237155000 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
49504834 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
20161418 | shares | |
tlsi |
Number Of Equity Incentive Plans
NumberOfEquityIncentivePlans
|
2 | plan | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
9523627 | shares |
CY2024Q2 | tlsi |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
|
5411058 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
4112569 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
2385694 | shares |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
927 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1307613 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
9.11 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
1 | ||
CY2024Q1 | tlsi |
Common Stock Period Increase Decrease In Capital Shares Reserved For Future Issuance
CommonStockPeriodIncreaseDecreaseInCapitalSharesReservedForFutureIssuance
|
954278 | shares |
CY2024Q2 | tlsi |
Lessee Number Of Operating Leases
LesseeNumberOfOperatingLeases
|
4 | lease |