2024 Q2 Form 10-K Financial Statement

#000199937124004297 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $2.208M $3.779M $7.768M
YoY Change
Cost Of Revenue $3.367M $2.367M $4.741M
YoY Change
Gross Profit -$1.159M $1.412M $3.027M
YoY Change
Gross Profit Margin -52.49% 37.36% 38.97%
Selling, General & Admin $7.502M $11.62M $34.75M
YoY Change 6.77% 44.29% 15.02%
% of Gross Profit 823.02% 1148.07%
Research & Development $9.698M $17.12M $86.66M
YoY Change -55.87% -30.62% 5.84%
% of Gross Profit 1212.46% 2862.74%
Depreciation & Amortization $1.205M $1.261M $4.291M
YoY Change 33.89% 50.84% 242.46%
% of Gross Profit 89.31% 141.76%
Operating Expenses $17.20M $28.74M $121.4M
YoY Change -21.73% -12.18% 48.28%
Operating Profit -$77.32M -$27.33M -$118.4M
YoY Change 166.59% 5.61%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$605.0K $7.000K $1.722M
YoY Change -193.65%
Pretax Income -$78.78M -$27.32M -$18.45M
YoY Change 177.81% -13.76% -15.11%
Income Tax
% Of Pretax Income
Net Earnings -$78.78M -$27.32M -$116.7M
YoY Change 177.81% -19.84% 5.84%
Net Earnings / Revenue -3567.75% -723.0% -1501.78%
Basic Earnings Per Share -$19.28 -$6.85
Diluted Earnings Per Share -$19.28 -$0.86 -$6.85
COMMON SHARES
Basic Shares Outstanding 84.49M shares 23.85M shares 17.04M shares
Diluted Shares Outstanding 4.085M shares 17.04M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.156M $24.95M $24.95M
YoY Change -83.78% -79.25% -79.25%
Cash & Equivalents $4.156M $24.95M $24.95M
Short-Term Investments
Other Short-Term Assets $8.335M $9.181M $9.181M
YoY Change -30.61% -12.96% -12.96%
Inventory $9.457M $13.64M $13.64M
Prepaid Expenses
Receivables $3.339M
Other Receivables $0.00
Total Short-Term Assets $25.29M $47.77M $47.77M
YoY Change -50.74% -63.47% -63.47%
LONG-TERM ASSETS
Property, Plant & Equipment $43.25M $94.03M $94.85M
YoY Change -54.82% 0.23% 0.34%
Goodwill $965.0K
YoY Change
Intangibles $120.0K $9.743M
YoY Change -98.83% 8019.17%
Long-Term Investments
YoY Change
Other Assets $961.0K $1.129M $1.129M
YoY Change 229.11% 194.01% 194.01%
Total Long-Term Assets $45.02M $106.7M $106.7M
YoY Change -58.47% 12.41% 12.41%
TOTAL ASSETS
Total Short-Term Assets $25.29M $47.77M $47.77M
Total Long-Term Assets $45.02M $106.7M $106.7M
Total Assets $70.31M $154.5M $154.5M
YoY Change -55.99% -31.56% -31.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.41M $3.782M $3.782M
YoY Change 35.62% -53.12% -53.12%
Accrued Expenses $8.817M $12.75M $5.374M
YoY Change -18.13% 26.11% -13.04%
Deferred Revenue $2.980M
YoY Change -8.95%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.820M $2.350M $2.350M
YoY Change
Total Short-Term Liabilities $22.04M $18.88M $18.88M
YoY Change 19.53% 3.87% 3.87%
LONG-TERM LIABILITIES
Long-Term Debt $5.668M $6.561M $6.561M
YoY Change
Other Long-Term Liabilities $493.0K $23.49M $23.49M
YoY Change -40.67% 7060.67% 7060.67%
Total Long-Term Liabilities $5.668M $6.561M $30.05M
YoY Change 582.07% 1900.3% 9060.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.04M $18.88M $18.88M
Total Long-Term Liabilities $5.668M $6.561M $30.05M
Total Liabilities $28.20M $48.93M $48.93M
YoY Change 46.34% 164.38% 164.38%
SHAREHOLDERS EQUITY
Retained Earnings -$694.4M -$600.7M
YoY Change 27.32% 27.79%
Common Stock $736.7M $706.4M
YoY Change 7.39% 4.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.10M $105.5M $105.5M
YoY Change
Total Liabilities & Shareholders Equity $70.31M $154.5M $154.5M
YoY Change -55.99% -31.56% -31.56%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$78.78M -$27.32M -$116.7M
YoY Change 177.81% -19.84% 5.84%
Depreciation, Depletion And Amortization $1.205M $1.261M $4.291M
YoY Change 33.89% 50.84% 242.46%
Cash From Operating Activities -$9.919M -$22.34M -$102.0M
YoY Change -57.55% 0.19% 4.03%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $435.0K $7.895M
YoY Change -100.0% -90.69% -83.6%
Acquisitions
YoY Change
Other Investing Activities $5.000K -$21.18M
YoY Change
Cash From Investing Activities $0.00 -$430.0K -$29.07M
YoY Change -100.0% -90.79% -39.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$4.974M
YoY Change -105.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.025M 40.72M $36.52M
YoY Change 582.7% 463.25% -58.43%
NET CHANGE
Cash From Operating Activities -9.919M -22.34M -$102.0M
Cash From Investing Activities 0.000 -430.0K -$29.07M
Cash From Financing Activities 7.025M 40.72M $36.52M
Net Change In Cash -2.894M 17.94M -$94.62M
YoY Change -93.76% -190.89% 61.94%
FREE CASH FLOW
Cash From Operating Activities -$9.919M -$22.34M -$102.0M
Capital Expenditures $0.00 $435.0K $7.895M
Free Cash Flow -$9.919M -$22.78M -$109.9M
YoY Change -60.66% -15.55% -24.83%

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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1253000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
9275000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
10914000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
283000 usd
CY2023 tnxp Offering Costs Allocated To Warrant Liabilities
OfferingCostsAllocatedToWarrantLiabilities
903000 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
62000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-61000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1573000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
164000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3490000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1045000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
35000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
2000 usd
CY2023 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1786000 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1205000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-102003000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-98053000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7895000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
48147000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
999000 usd
CY2023 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
22174000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29070000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48147000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
29000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
40000 usd
CY2022 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
40591000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
47250000 usd
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
8942000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18939000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
94463000 usd
CY2023 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
22572000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13965000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36517000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
87844000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-65000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-74000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-94621000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-58430000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120470000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178900000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25849000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120470000 usd
CY2023 tnxp Purchases Of Property And Equipment Included In Accounts Payable And Accrued Liabilities
PurchasesOfPropertyAndEquipmentIncludedInAccountsPayableAndAccruedLiabilities
-106000 usd
CY2022 tnxp Purchases Of Property And Equipment Included In Accounts Payable And Accrued Liabilities
PurchasesOfPropertyAndEquipmentIncludedInAccountsPayableAndAccruedLiabilities
-3092000 usd
CY2023 tnxp Debt Financing Costs Included In Accrued Liabilities And Other Current Liabilities
DebtFinancingCostsIncludedInAccruedLiabilitiesAndOtherCurrentLiabilities
-85000 usd
CY2023 tnxp Issuance Costs Included In Accrued Liabilities And Other Current Liabilities
IssuanceCostsIncludedInAccruedLiabilitiesAndOtherCurrentLiabilities
-117000 usd
CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6659000 usd
CY2023 tnxp New Operating Leases And Lease Amendments
NewOperatingLeasesAndLeaseAmendments
898000 usd
CY2022 tnxp New Operating Leases And Lease Amendments
NewOperatingLeasesAndLeaseAmendments
386000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_802_eus-gaap--NatureOfOperations_zK2vWVH6JtKh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – <span id="xdx_825_zZzpVySZPOfb">BUSINESS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Tonix Pharmaceuticals Holding Corp., through its wholly owned subsidiary Tonix Pharmaceuticals, Inc. (“Tonix Sub”), is a fully-integrated biopharmaceutical company focused on developing and commercializing therapeutics to treat and prevent human disease and alleviate suffering. The therapeutics under development include both small molecules and biologics. Tonix, through its recent acquisition, markets Zembrace® SymTouch® (sumatriptan injection) 3 mg (“Zembrace”) and Tosymra® (sumatriptan nasal spray) 10 mg (“Tosymra”). Zembrace and Tosymra, which were acquired as of June 30, 2023 (See Note 12), are each indicated for the treatment of acute migraine with or without aura in adults. All other drug product and vaccine candidates are still in development and are not approved or marketed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The consolidated financial statements include the accounts of Tonix Pharmaceuticals Holding Corp. and its wholly owned subsidiaries, Tonix Sub, Krele LLC, Tonix Pharmaceuticals (Canada), Inc., Tonix Medicines, Inc., Jenner Institute LLC, Tonix R&amp;D Center LLC, Tonix Pharma Holdings Limited and Tonix Pharma Limited (collectively hereafter referred to as the “Company” or “Tonix”). All intercompany balances and transactions have been eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Going Concern</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. The Company has suffered recurring losses from operations and negative cash flows from operating activities. At December 31, 2023, the Company had working capital of approximately <span id="xdx_90F_ecustom--WorkingCapital_iI_pn5n6_c20231231_zMgl13ncOQ1j" title="Working capital">$28.9</span> million. At December 31, 2023, the Company had an accumulated deficit of approximately <span id="xdx_907_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_pn3n3_dxL_c20231231_zsok15Sn14n8" title="Accumulated deficit::XDX::-600658"><span style="-sec-ix-hidden: xdx2ixbrl0566">$600.7</span></span> million. The Company held cash and cash equivalents of approximately <span id="xdx_908_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_dxL_c20231231_zkSF5ndgLl2" title="Cash and cash equivalents::XDX::24948"><span style="-sec-ix-hidden: xdx2ixbrl0568">$24.9</span></span> million as of December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company believes that its cash resources at December 31, 2023 and the proceeds that it raised from equity offerings in the first quarter of 2024 (See Note 23), will not meet its operating and capital expenditure requirements through the second quarter of 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company continues to face significant challenges and uncertainties and must obtain additional funding through public and private financing and collaborative arrangements with strategic partners to increase the funds available to fund operations. However, the Company may not be able to raise capital on terms acceptable to the Company, or at all. Without additional funds, it may be forced to delay, scale back or eliminate some of its research and development activities, or other operations and potentially delay product development in an effort to provide sufficient funds to continue operations. If any of these events occurs, its ability to achieve our development and commercialization goals would be adversely affected and the Company may be forced to cease operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p>
CY2023Q4 tnxp Working Capital
WorkingCapital
28900000 usd
CY2023Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-6.25
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_zUagvVqWVWk2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Risks and uncertainties</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company’s primary efforts are devoted to conducting research and development of innovative pharmaceutical and biological products to address public health challenges. The Company has experienced net losses and negative cash flows from operations since inception and expects these conditions to continue for the foreseeable future. Further, the Company now has commercial products available for sale, and generates revenue from the sale of its Zembrace® SymTouch® and Tosymra® products, with no assurance that the Company will be able to generate sufficient cash flow to fund operations from its commercial products or products in development if and when approved. In addition, there can be no assurance that the Company’s research and development will be successfully completed or that any product will be approved or commercially viable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zYiZkxfdCzq9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-decoration: underline">Use of estimates</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements in accordance with Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include, but are not limited to, provisions for product returns, coupons, rebates, chargebacks, discounts, allowances, inventory realization, the assumptions used in the fair value of stock-based compensation and other equity instruments, the percent of completion of research and development contracts, fair value estimates for assets acquired in business combinations, and assessment of useful lives of acquired intangible assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
23000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
116300000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
900000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
241000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24948000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120229000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
901000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
241000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25849000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120470000 usd
CY2023Q4 us-gaap Inventory Adjustments
InventoryAdjustments
21000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3800000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1300000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
477000 usd
CY2023 us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
30 to 90 days
CY2023 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
2700000 usd
CY2023Q4 us-gaap Government Assistance Amount Cumulative Current
GovernmentAssistanceAmountCumulativeCurrent
200000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
210740246 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
395839 shares
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3611000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2539000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7510000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
13660000 usd
CY2023Q4 us-gaap Inventory Adjustments
InventoryAdjustments
21000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
13639000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
99390000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
95467000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5362000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1653000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94028000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
93814000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
965000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
965000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10100000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
477000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9623000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
120000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
120000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9743000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
120000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
477000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
953000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
953000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
953000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
953000 usd
CY2023Q4 tnxp Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
5811000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9623000 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
22500000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4590000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8043000 usd
CY2023Q4 tnxp Prepaid Interest And Fees
PrepaidInterestAndFees
1513000 usd
CY2023Q4 us-gaap Supplies
Supplies
508000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
143000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1275000 usd
CY2023Q4 tnxp Professional Fees And Other Prepaid Expense Current
ProfessionalFeesAndOtherPrepaidExpenseCurrent
2427000 usd
CY2022Q4 tnxp Professional Fees And Other Prepaid Expense Current
ProfessionalFeesAndOtherPrepaidExpenseCurrent
1230000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9181000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10548000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2980000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3273000 usd
CY2023Q4 tnxp Acquisition Related Accrued Liabilities Current
AcquisitionRelatedAccruedLiabilitiesCurrent
3000000 usd
CY2023Q4 tnxp Compensation And Compensation Related Accrued Liabilities Current
CompensationAndCompensationRelatedAccruedLiabilitiesCurrent
4361000 usd
CY2022Q4 tnxp Compensation And Compensation Related Accrued Liabilities Current
CompensationAndCompensationRelatedAccruedLiabilitiesCurrent
3645000 usd
CY2023Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
743000 usd
CY2022Q4 tnxp Construction In Progress Accrued Liabilities Current
ConstructionInProgressAccruedLiabilitiesCurrent
2103000 usd
CY2023Q4 tnxp Professional Fees And Other Accrued Liabilities Current
ProfessionalFeesAndOtherAccruedLiabilitiesCurrent
1398000 usd
CY2022Q4 tnxp Professional Fees And Other Accrued Liabilities Current
ProfessionalFeesAndOtherAccruedLiabilitiesCurrent
659000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
12482000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
9680000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
11000000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2350000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8650000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2089000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6561000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2350000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2820000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5830000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
11000000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
160000000 shares
CY2023Q4 tnxp Period Of Business Days Of Noncompliance With Minimum Bid Requirement
PeriodOfBusinessDaysOfNoncomplianceWithMinimumBidRequirement
P30D
CY2023Q4 tnxp Minimum Bid Requirement Per Share
MinimumBidRequirementPerShare
1
CY2023Q4 tnxp Period To Regain Compiance With Minimum Bid Requirement
PeriodToRegainCompianceWithMinimumBidRequirement
P180D
CY2023Q4 tnxp Period To Regain Compiance With Minimum Bid Requirement
PeriodToRegainCompianceWithMinimumBidRequirement
P180D
CY2023Q4 tnxp Additional Period To Regain Compiance With Minimum Bid Requirement
AdditionalPeriodToRegainCompianceWithMinimumBidRequirement
P180D
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
160000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
160000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
8000000 shares
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
24000000 shares
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7768000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
160000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
160000000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
101754 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
487.63
CY2022 tnxp Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
P8Y9M29D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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AuditorFirmId
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