2024 Q4 Form 10-Q Financial Statement
#000121390024098375 Filed on November 14, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $887.0K | |
YoY Change | -6.04% | |
Cost Of Revenue | $469.0K | |
YoY Change | 14.67% | |
Gross Profit | $418.0K | |
YoY Change | -21.87% | |
Gross Profit Margin | 47.13% | |
Selling, General & Admin | $2.976M | |
YoY Change | -6.3% | |
% of Gross Profit | 711.96% | |
Research & Development | $657.0K | |
YoY Change | -10.85% | |
% of Gross Profit | 157.18% | |
Depreciation & Amortization | $105.0K | |
YoY Change | 128.26% | |
% of Gross Profit | 25.12% | |
Operating Expenses | $3.633M | |
YoY Change | -7.16% | |
Operating Profit | -$3.215M | |
YoY Change | -4.83% | |
Interest Expense | $31.00K | |
YoY Change | 675.0% | |
% of Operating Profit | ||
Other Income/Expense, Net | $31.00K | |
YoY Change | -32.61% | |
Pretax Income | -$3.184M | |
YoY Change | -4.44% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$3.184M | |
YoY Change | -4.44% | |
Net Earnings / Revenue | -358.96% | |
Basic Earnings Per Share | -$3.63 | |
Diluted Earnings Per Share | -$3.63 | |
COMMON SHARES | ||
Basic Shares Outstanding | 3.137M shares | 3.952M shares |
Diluted Shares Outstanding | 877.0 shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $9.162M | |
YoY Change | 171.79% | |
Cash & Equivalents | $9.162M | |
Short-Term Investments | ||
Other Short-Term Assets | $543.0K | |
YoY Change | 57.39% | |
Inventory | $607.0K | |
Prepaid Expenses | ||
Receivables | $876.0K | |
Other Receivables | $0.00 | |
Total Short-Term Assets | $11.19M | |
YoY Change | 125.43% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $906.0K | |
YoY Change | -5.23% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $482.0K | |
YoY Change | -30.65% | |
Total Long-Term Assets | $1.851M | |
YoY Change | -21.4% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $11.19M | |
Total Long-Term Assets | $1.851M | |
Total Assets | $13.04M | |
YoY Change | 78.18% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.093M | |
YoY Change | 43.25% | |
Accrued Expenses | $908.0K | |
YoY Change | 59.02% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $3.178M | |
YoY Change | 3.01% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $1.670M | |
YoY Change | -2.68% | |
Total Long-Term Liabilities | $1.670M | |
YoY Change | -2.68% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.178M | |
Total Long-Term Liabilities | $1.670M | |
Total Liabilities | $4.848M | |
YoY Change | 0.98% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$65.66M | |
YoY Change | 26.42% | |
Common Stock | $3.000K | |
YoY Change | 50.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $8.191M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $13.04M | |
YoY Change | 78.18% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$3.184M | |
YoY Change | -4.44% | |
Depreciation, Depletion And Amortization | $105.0K | |
YoY Change | 128.26% | |
Cash From Operating Activities | -$2.343M | |
YoY Change | -25.74% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $104.0K | |
YoY Change | 76.27% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$104.0K | |
YoY Change | -123.96% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 9.641M | |
YoY Change | 3593.87% | |
NET CHANGE | ||
Cash From Operating Activities | -2.343M | |
Cash From Investing Activities | -104.0K | |
Cash From Financing Activities | 9.641M | |
Net Change In Cash | 7.194M | |
YoY Change | -392.44% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$2.343M | |
Capital Expenditures | $104.0K | |
Free Cash Flow | -$2.447M | |
YoY Change | -23.86% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Commitments And Contingencies
CommitmentsAndContingencies
|
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Commitments And Contingencies
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|
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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Other Nonoperating Income Expense
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Document Type
DocumentType
|
10-Q | ||
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Document Quarterly Report
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|
true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
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Document Transition Report
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|
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|
001-41364 | ||
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Entity Registrant Name
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|
TENON MEDICAL, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
45-5574718 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
104 Cooper Court | ||
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|
Los Gatos | ||
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EntityAddressCountry
|
CA | ||
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EntityAddressPostalZipCode
|
95032 | ||
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CityAreaCode
|
(408) | ||
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649-5760 | ||
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Security12b Title
Security12bTitle
|
Common Stock, par value $0.001 per share | ||
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Trading Symbol
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|
TNON | ||
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Security Exchange Name
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NASDAQ | ||
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Gross Profit
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Net Income Loss
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46000 | usd | |
us-gaap |
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|
910000 | usd | |
tnon |
Stock And Warrants Issued During Period Value Series B Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValueSeriesBPreferredStockAndWarrants
|
489000 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
3862000 | usd | |
tnon |
Stock Issued During Period Value Issuance Of Common Stock And Warrants Under Inducement Agreement
StockIssuedDuringPeriodValueIssuanceOfCommonStockAndWarrantsUnderInducementAgreement
|
4306000 | usd | |
tnon |
Stock Issued During Period Value Issuance Of Common Stock Upon Exercise Of Warrants
StockIssuedDuringPeriodValueIssuanceOfCommonStockUponExerciseOfWarrants
|
812000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
164000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3184000 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8191000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
903000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
1070000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
453000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
289000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
3164000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-30000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3332000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2517000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
778000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
2962000 | usd | |
tnon |
Stock And Warrants Issued During Period Value Series A Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValueSeriesAPreferredStockAndWarrants
|
3554000 | usd | |
tnon |
Stock And Warrants Issued During Period Value Series B Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValueSeriesBPreferredStockAndWarrants
|
489000 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
3862000 | usd | |
tnon |
Stock Issued During Period Value Issuance Of Common Stock And Warrants Under Inducement Agreement
StockIssuedDuringPeriodValueIssuanceOfCommonStockAndWarrantsUnderInducementAgreement
|
4306000 | usd | |
tnon |
Stock Issued During Period Value Issuance Of Common Stock Upon Exercise Of Warrants
StockIssuedDuringPeriodValueIssuanceOfCommonStockUponExerciseOfWarrants
|
812000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1968000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
46000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-10586000 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8191000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6252000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
3164000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1644000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
453000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
289000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
3164000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-2000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-12447000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2517000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-10586000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-12447000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2962000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3164000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
291000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
106000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
46000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
183000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
169000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
404000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
545000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
53000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
59000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
154000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
257000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
660000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
213000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
143000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-81000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-189000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-168000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7101000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-9905000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
6996000 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
493000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
223000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
269000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-223000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
6234000 | usd | |
tnon |
Proceeds From Issuance Of Series A Convertible Preferred Stock Net
ProceedsFromIssuanceOfSeriesAConvertiblePreferredStockNet
|
2437000 | usd | |
tnon |
Proceeds From Issuance Of Series B Convertible Preferred Stock Net
ProceedsFromIssuanceOfSeriesBConvertiblePreferredStockNet
|
489000 | usd | |
tnon |
Proceeds From Issuance Of Common Stock Prefunded Warrants And Warrants Net
ProceedsFromIssuanceOfCommonStockPrefundedWarrantsAndWarrantsNet
|
3862000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
4306000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2106000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
453000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
812000 | usd | |
tnon |
Proceeds From Issuance Of Common Stock And Warrants Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfIssuanceCosts
|
4808000 | usd | |
tnon |
Payments For Deferred Offering Costs
PaymentsForDeferredOfferingCosts
|
330000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14012000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4931000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
46000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-18000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6734000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1242000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2428000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2129000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9162000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3371000 | usd |
us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
1186000 | usd | |
tnon |
Reclassification Of Deferred Offering Costs To Additional Paidin Capital
ReclassificationOfDeferredOfferingCostsToAdditionalPaidinCapital
|
238000 | usd | |
tnon |
Warrant Modification Costs
WarrantModificationCosts
|
992000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><b>1. Organization and Business</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><i>Nature of operations</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Tenon Medical, Inc. (the “Company”) was incorporated in the State of Delaware on June 19, 2012 and was headquartered in San Ramon, California until June 2021 when it relocated to Los Gatos, California. The Company is a medical device company that has developed The Catamaran™ SI Joint Fusion System (“the Catamaran System”) that offers a novel, less invasive approach to the sacroiliac joint (the “SI Joint”) using a single, robust, titanium implant for treatment of the most common types of SI Joint disorders that cause lower back pain. The Company received U.S. Food and Drug Administration (“FDA”) clearance in 2018 for The Catamaran System and is currently focused on the U.S. market. Since the national launch of the Catamaran System in October 2022, the Company is focused on three commercial opportunities: 1) Primary SI Joint procedures, 2) Revision procedures of failed SI Joint implants and 3) SI Joint fusion adjunct to a spine fusion construct.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><i>Principles of consolidation</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The condensed consolidated financial statements of the Company for the three and six months ended June 30, 2023 and as of December 31, 2023 include the accounts of its wholly-owned subsidiary, Tenon Technology AG (“TTAG”), a Swiss company. All intercompany balances and transactions have been eliminated in consolidation. The financial statements of TTAG are prepared for the same reporting period as the parent, using consistent accounting policies in all material respects. In 2024, TTAG was dissolved and, as such, the financial statements for the three and nine months ended September 30, 2024 and as of September 30, 2024 only include the accounts of the Company.</span></p> | ||
CY2023Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-10 | |
CY2024Q3 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-8 | |
CY2024Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><i>Use of estimates</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Significant estimates made by management include, but are not limited to, realization of deferred tax assets, accrued liabilities, accrued commissions, incremental borrowing rate, obsolescence of inventory, allowance for credit losses, and stock-based compensation.</span></p> | ||
tnon |
Percentage Of Valuation Allowance In Deferred Tax Assets
PercentageOfValuationAllowanceInDeferredTaxAssets
|
1 | pure | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3650982 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
275605 | shares | |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1457000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1234000 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
551000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
273000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
906000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
961000 | usd |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
105000 | usd |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
46000 | usd |
us-gaap |
Depreciation
Depreciation
|
278000 | usd | |
us-gaap |
Depreciation
Depreciation
|
106000 | usd | |
CY2024Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
482000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
334000 | usd |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
426000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
474000 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
908000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
808000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P2026Y | |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
73000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
73000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
219000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
219000 | usd | |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
463000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
646000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
279000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
256000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
216000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
428000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
495000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
684000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
77000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
310000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
144000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
531000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
36000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
495000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
225000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
218000 | usd | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
|
P1Y9M | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | pure |
CY2014Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
130000000 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
55000 | shares |
CY2024Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.001 | |
CY2024Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2024Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
3.55 | |
CY2024Q3 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.125 | |
CY2024Q3 | us-gaap |
Equity Fair Value Disclosure
EquityFairValueDisclosure
|
992 | usd |
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5500000 | usd |
CY2023Q2 | tnon |
Percentage Of Gross Proceeds
PercentageOfGrossProceeds
|
0.03 | pure |
us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
(i) up to 12,500 shares of common stock, if the closing sale price of its common stock on Nasdaq on such business day is at least $15.00 per share and (ii) up to 15,000 shares of common stock, if the closing sale price of its common stock on Nasdaq on such business day is at least $25.00 per share | ||
tnon |
Purchase Exceed Amount
PurchaseExceedAmount
|
500000000 | usd | |
us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
100000 | shares | |
tnon |
Percentage Of Outstanding Shares
PercentageOfOutstandingShares
|
0.0499 | pure | |
CY2024Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
10436 | shares |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
910 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1070 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2962 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3164 | usd | |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
250000 | shares |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P5Y | |
CY2023Q2 | tnon |
Class Of Warrants Of Rights Grant Date Fair Value Of Warrants
ClassOfWarrantsOfRightsGrantDateFairValueOfWarrants
|
3164 | |
CY2023Q2 | tnon |
Fair Value Of Offering Warrant
FairValueOfOfferingWarrant
|
12.64 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
24 | |
CY2023Q2 | tnon |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Daily Return Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDailyReturnRate
|
0.0518 | pure |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
1 | pure |
CY2023Q2 | tnon |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Standarddeviation
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsStandarddeviation
|
0.063 | pure |
CY2024Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y | |
CY2023Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
2377 | usd |
us-gaap |
Loss Contingency Accrual Payments
LossContingencyAccrualPayments
|
246 | usd | |
us-gaap |
Loss Contingency Accrual Provision
LossContingencyAccrualProvision
|
6 | usd | |
CY2024Q3 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
2137 | usd |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
usd | |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2024Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
usd | |
CY2024Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | |
CY2024Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
usd | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
usd | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
usd | ||
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | ||
us-gaap |
Adjustments To Additional Paid In Capital Stock Split
AdjustmentsToAdditionalPaidInCapitalStockSplit
|
usd | ||
us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | ||
us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | ||
us-gaap |
Adjustments To Additional Paid In Capital Stock Split
AdjustmentsToAdditionalPaidInCapitalStockSplit
|
usd | ||
us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | ||
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
usd | ||
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
usd | ||
tnon |
Proceeds From Issuance Of Series A Convertible Preferred Stock Net
ProceedsFromIssuanceOfSeriesAConvertiblePreferredStockNet
|
usd | ||
tnon |
Proceeds From Issuance Of Series B Convertible Preferred Stock Net
ProceedsFromIssuanceOfSeriesBConvertiblePreferredStockNet
|
usd | ||
tnon |
Proceeds From Issuance Of Common Stock Prefunded Warrants And Warrants Net
ProceedsFromIssuanceOfCommonStockPrefundedWarrantsAndWarrantsNet
|
usd | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | ||
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
usd | ||
tnon |
Proceeds From Issuance Of Common Stock And Warrants Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfIssuanceCosts
|
usd | ||
tnon |
Payments For Deferred Offering Costs
PaymentsForDeferredOfferingCosts
|
usd | ||
us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
usd | ||
tnon |
Reclassification Of Deferred Offering Costs To Additional Paidin Capital
ReclassificationOfDeferredOfferingCostsToAdditionalPaidinCapital
|
usd | ||
tnon |
Warrant Modification Costs
WarrantModificationCosts
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001560293 |