2015 Q1 Form 10-K Financial Statement

#000114420415019881 Filed on March 31, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2013 Q4
Revenue $911.0K $912.0K $911.0K
YoY Change 0.0% 0.11% -72.05%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.100M $570.0K $620.0K
YoY Change 22.22% -8.06% -45.13%
% of Gross Profit
Research & Development $1.431M $1.600M $930.0K
YoY Change 50.79% 72.04% -63.81%
% of Gross Profit
Depreciation & Amortization $89.00K $80.00K $90.00K
YoY Change 1.14% -11.11% 800.0%
% of Gross Profit
Operating Expenses $2.526M $2.170M $1.550M
YoY Change 36.91% 40.0% -58.11%
Operating Profit -$1.615M
YoY Change 72.91%
Interest Expense -$3.280M $770.0K $430.0K
YoY Change 79.07% 115.0%
% of Operating Profit
Other Income/Expense, Net -$3.282M $10.00K $0.00
YoY Change 277.24% -100.0%
Pretax Income -$4.900M -$470.0K -$210.0K
YoY Change 172.22% 123.81% -25.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.897M -$473.0K -$209.0K
YoY Change 171.45% 126.32% -25.36%
Net Earnings / Revenue -537.54% -51.86% -22.94%
Basic Earnings Per Share -$0.24 -$0.02 $0.00
Diluted Earnings Per Share -$0.24 -$0.06 $0.00
COMMON SHARES
Basic Shares Outstanding 110.3M shares 110.0M shares 82.54M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.40M $15.50M $11.80M
YoY Change 31.37% 31.36% -34.81%
Cash & Equivalents $13.42M $15.47M $11.80M
Short-Term Investments
Other Short-Term Assets $300.0K $100.0K $200.0K
YoY Change 0.0% -50.0% -71.43%
Inventory
Prepaid Expenses
Receivables $3.500M $3.968M $4.818M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.20M $19.58M $16.82M
YoY Change 17.77% 16.43% -28.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.200M $1.268M $1.603M
YoY Change -20.95% -20.9% 15.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.200M $1.268M $1.603M
YoY Change -20.95% -20.9% 15.16%
TOTAL ASSETS
Total Short-Term Assets $17.20M $19.58M $16.82M
Total Long-Term Assets $1.200M $1.268M $1.603M
Total Assets $18.40M $20.85M $18.42M
YoY Change 14.12% 13.18% -25.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.900M $4.408M $5.118M
YoY Change -9.11% -13.87% 35.86%
Accrued Expenses $600.0K $254.0K $118.0K
YoY Change 337.96% 115.25% -77.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $5.300M $6.662M $10.85M
YoY Change -42.14% -38.58% -49.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $8.900M $5.600M $1.800M
YoY Change 229.63% 211.11% -89.53%
Total Long-Term Liabilities $8.900M $5.600M $0.00
YoY Change 229.63% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.300M $6.662M $10.85M
Total Long-Term Liabilities $8.900M $5.600M $0.00
Total Liabilities $14.20M $12.24M $12.66M
YoY Change 19.92% -3.34% -73.59%
SHAREHOLDERS EQUITY
Retained Earnings -$302.8M -$300.4M
YoY Change 0.8% -3.13%
Common Stock $289.2M $284.5M
YoY Change 1.66% 6.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.200M $8.611M $5.760M
YoY Change
Total Liabilities & Shareholders Equity $18.40M $20.85M $18.42M
YoY Change 14.12% 13.18% -25.79%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income -$4.897M -$473.0K -$209.0K
YoY Change 171.45% 126.32% -25.36%
Depreciation, Depletion And Amortization $89.00K $80.00K $90.00K
YoY Change 1.14% -11.11% 800.0%
Cash From Operating Activities -$2.030M -$1.580M -$2.100M
YoY Change 30.13% -24.76% -122.34%
INVESTING ACTIVITIES
Capital Expenditures $7.000K $0.00 -$20.00K
YoY Change 250.0% -100.0% -33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$10.00K $0.00 -$20.00K
YoY Change -100.0% -33.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00K 9.600M 4.920M
YoY Change 95.12% 33.7%
NET CHANGE
Cash From Operating Activities -2.030M -1.580M -2.100M
Cash From Investing Activities -10.00K 0.000 -20.00K
Cash From Financing Activities -10.00K 9.600M 4.920M
Net Change In Cash -2.050M 8.020M 2.800M
YoY Change 31.41% 186.43% -78.54%
FREE CASH FLOW
Cash From Operating Activities -$2.030M -$1.580M -$2.100M
Capital Expenditures $7.000K $0.00 -$20.00K
Free Cash Flow -$2.037M -$1.580M -$2.080M
YoY Change 30.41% -24.04% -122.06%

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TITAN PHARMACEUTICALS INC
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000910267
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q2 dei Entity Public Float
EntityPublicFloat
60700000 USD
CY2014 dei Trading Symbol
TradingSymbol
TTNP
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
110327707 shares
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7974000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2012 ttnp Incremental Common Shares Attributable To Assumed Exercise Of Options
IncrementalCommonSharesAttributableToAssumedExerciseOfOptions
0 shares
CY2013 ttnp Incremental Common Shares Attributable To Assumed Exercise Of Options
IncrementalCommonSharesAttributableToAssumedExerciseOfOptions
493000 shares
CY2014 ttnp Incremental Common Shares Attributable To Assumed Exercise Of Options
IncrementalCommonSharesAttributableToAssumedExerciseOfOptions
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CY2012 ttnp Incremental Common Shares Attributable To Assumed Exercise Of Warrants
IncrementalCommonSharesAttributableToAssumedExerciseOfWarrants
0 shares
CY2013 ttnp Incremental Common Shares Attributable To Assumed Exercise Of Warrants
IncrementalCommonSharesAttributableToAssumedExerciseOfWarrants
67000 shares
CY2014 ttnp Incremental Common Shares Attributable To Assumed Exercise Of Warrants
IncrementalCommonSharesAttributableToAssumedExerciseOfWarrants
0 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2012Q4 ttnp Class Of Warrants Fair Value Disclosure
ClassOfWarrantsFairValueDisclosure
8240000 USD
CY2013Q4 ttnp Class Of Warrants Fair Value Disclosure
ClassOfWarrantsFairValueDisclosure
1817000 USD
CY2013 ttnp Warrants Issued
WarrantsIssued
0 USD
CY2014 ttnp Warrants Issued
WarrantsIssued
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CY2013 ttnp Excercise Of Warrants
ExcerciseOfWarrants
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CY2014 ttnp Excercise Of Warrants
ExcerciseOfWarrants
0 USD
CY2013 ttnp Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
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CY2014 ttnp Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
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CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15200000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9700000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2400000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
106000 USD
CY2013Q1 us-gaap Revenues
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EarningsPerShareBasic
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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CY2014 us-gaap Lease And Rental Expense
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
211000 USD
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OperatingLeasesFutureMinimumPaymentsDue
317000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4157000 USD
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PropertyPlantAndEquipmentGross
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LeaseAndRentalExpense
203000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
210000 USD
CY2012 ttnp Expense Incurred Under Research And License Agreements
ExpenseIncurredUnderResearchAndLicenseAgreements
3000 USD
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ExpenseIncurredUnderResearchAndLicenseAgreements
3000 USD
CY2014 ttnp Expense Incurred Under Research And License Agreements
ExpenseIncurredUnderResearchAndLicenseAgreements
3000 USD
CY2014Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
0 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q1 us-gaap Revenues
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Revenues
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CY2014Q2 us-gaap Revenues
Revenues
911000 USD
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2198000 USD
CY2014Q3 us-gaap Revenues
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911000 USD
CY2013Q4 us-gaap Revenues
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911000 USD
CY2014Q4 us-gaap Revenues
Revenues
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CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
716000 USD
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NetIncomeLoss
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CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareBasic
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CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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CY2012 ttnp Income Tax Reconciliation Noncash Gain From Termination Of Royalty Purchase Agreement
IncomeTaxReconciliationNoncashGainFromTerminationOfRoyaltyPurchaseAgreement
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5134000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3301000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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DeferredTaxAssetsOperatingLossCarryforwards
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CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
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DeferredTaxAssetsOther
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DeferredTaxAssetsOther
3529000 USD
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DeferredTaxAssetsDeferredIncome
2116000 USD
CY2014Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
666000 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
105471000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
105926000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
105471000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-234000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
213000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
592000 USD
CY2012 ttnp Income Tax Reconciliation Book Gains Losses Not Currently Benefited
IncomeTaxReconciliationBookGainsLossesNotCurrentlyBenefited
3120000 USD
CY2013 ttnp Income Tax Reconciliation Book Gains Losses Not Currently Benefited
IncomeTaxReconciliationBookGainsLossesNotCurrentlyBenefited
1656000 USD
CY2014 ttnp Income Tax Reconciliation Book Gains Losses Not Currently Benefited
IncomeTaxReconciliationBookGainsLossesNotCurrentlyBenefited
454000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1901000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-476000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
235000 USD
CY2012 ttnp Income Tax Reconciliationdisallowed Interest Expense
IncomeTaxReconciliationdisallowedInterestExpense
1363000 USD
CY2013 ttnp Income Tax Reconciliationdisallowed Interest Expense
IncomeTaxReconciliationdisallowedInterestExpense
160000 USD
CY2014 ttnp Income Tax Reconciliationdisallowed Interest Expense
IncomeTaxReconciliationdisallowedInterestExpense
0 USD
CY2012 ttnp Income Tax Reconciliation Income From Debt Restructuring
IncomeTaxReconciliationIncomeFromDebtRestructuring
-1615000 USD
CY2013 ttnp Income Tax Reconciliation Income From Debt Restructuring
IncomeTaxReconciliationIncomeFromDebtRestructuring
0 USD
CY2014 ttnp Income Tax Reconciliation Income From Debt Restructuring
IncomeTaxReconciliationIncomeFromDebtRestructuring
0 USD
CY2012 ttnp Income Tax Reconciliation Revaluation Of Warrant Liability
IncomeTaxReconciliationRevaluationOfWarrantLiability
600000 USD
CY2013 ttnp Income Tax Reconciliation Revaluation Of Warrant Liability
IncomeTaxReconciliationRevaluationOfWarrantLiability
-591000 USD
CY2014 ttnp Income Tax Reconciliation Revaluation Of Warrant Liability
IncomeTaxReconciliationRevaluationOfWarrantLiability
-346000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
0 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
583000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
97000 USD
CY2013 ttnp Income Tax Reconciliation Noncash Gain From Termination Of Royalty Purchase Agreement
IncomeTaxReconciliationNoncashGainFromTerminationOfRoyaltyPurchaseAgreement
-3047000 USD
CY2014 ttnp Income Tax Reconciliation Noncash Gain From Termination Of Royalty Purchase Agreement
IncomeTaxReconciliationNoncashGainFromTerminationOfRoyaltyPurchaseAgreement
0 USD
CY2012 ttnp Income Tax Reconciliation Noncash Gain On Settlement Of Longterm Debt
IncomeTaxReconciliationNoncashGainOnSettlementOfLongtermDebt
0 USD
CY2013 ttnp Income Tax Reconciliation Noncash Gain On Settlement Of Longterm Debt
IncomeTaxReconciliationNoncashGainOnSettlementOfLongtermDebt
632000 USD
CY2014 ttnp Income Tax Reconciliation Noncash Gain On Settlement Of Longterm Debt
IncomeTaxReconciliationNoncashGainOnSettlementOfLongtermDebt
0 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1000 USD
CY2014 ttnp Tax Credit Research Generated During Period
TaxCreditResearchGeneratedDuringPeriod
340000 USD
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3100000 USD
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1700000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
500000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
-347000 USD
CY2013 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
0 USD
CY2014 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
0 USD
CY2012 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
417000 USD
CY2013 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-340000 USD
CY2014 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
172000 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012 us-gaap Interest Paid
InterestPaid
2576000 USD
CY2013 us-gaap Interest Paid
InterestPaid
1568000 USD
CY2014 us-gaap Interest Paid
InterestPaid
0 USD
CY2012 ttnp Settlement Of Longterm Debt
SettlementOfLongtermDebt
0 USD
CY2013 ttnp Settlement Of Longterm Debt
SettlementOfLongtermDebt
7500000 USD
CY2014 ttnp Settlement Of Longterm Debt
SettlementOfLongtermDebt
0 USD
CY2012 ttnp Fair Value Of Warrants
FairValueOfWarrants
0 USD
CY2013 ttnp Fair Value Of Warrants
FairValueOfWarrants
4686000 USD
CY2014 ttnp Fair Value Of Warrants
FairValueOfWarrants
0 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
88794222 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
88794222 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
109997533 shares
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
-20079000 USD
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
21789000 shares
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4653000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4925000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4747000 USD
CY2012 ttnp Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
4897000 USD
CY2013 ttnp Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
13461000 USD
CY2012 us-gaap Revenue From Grants
RevenueFromGrants
42000 USD
CY2013 us-gaap Revenue From Grants
RevenueFromGrants
0 USD
CY2014 us-gaap Revenue From Grants
RevenueFromGrants
0 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-36000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2581000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
678000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
543000 USD
CY2014 ttnp Notional Liquidation Damages
NotionalLiquidationDamages
2500000 USD
CY2014 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
0.45
CY2014 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
3.13
CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
6620000 shares
CY2014 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y1M20D
CY2014Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
1.23
CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
6495000 shares
CY2014Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
1.24
CY2014Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
12388000 shares
CY2014Q4 ttnp Underwritten Public Offering Number Of Units Issued
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21000000 shares
CY2014Q4 ttnp Underwritten Public Offering Offering Price Of Units Issued
UnderwrittenPublicOfferingOfferingPriceOfUnitsIssued
0.50
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2014Q4 ttnp Underwritten Public Offering Description Of Units Issued
UnderwrittenPublicOfferingDescriptionOfUnitsIssued
each unit consisting of one share of common stock and 0.75 of a warrant, each full warrant to purchase one share of common stock at an exercise price of $0.60 per share.
CY2014Q4 ttnp Underwritten Public Offering Proceeds From Units Issued
UnderwrittenPublicOfferingProceedsFromUnitsIssued
9600000 USD
CY2012 ttnp Share Based Compensation Expense Impact On Basic Earnings Per Share
ShareBasedCompensationExpenseImpactOnBasicEarningsPerShare
-0.04
CY2013 ttnp Share Based Compensation Expense Impact On Basic Earnings Per Share
ShareBasedCompensationExpenseImpactOnBasicEarningsPerShare
-0.01
CY2014 ttnp Share Based Compensation Expense Impact On Basic Earnings Per Share
ShareBasedCompensationExpenseImpactOnBasicEarningsPerShare
-0.01
CY2012 ttnp Share Based Compensation Expense Impact On Diluted Earnings Per Share
ShareBasedCompensationExpenseImpactOnDilutedEarningsPerShare
-0.04
CY2013 ttnp Share Based Compensation Expense Impact On Diluted Earnings Per Share
ShareBasedCompensationExpenseImpactOnDilutedEarningsPerShare
-0.01
CY2014 ttnp Share Based Compensation Expense Impact On Diluted Earnings Per Share
ShareBasedCompensationExpenseImpactOnDilutedEarningsPerShare
-0.01
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.09
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.64
CY2012 us-gaap Proceeds From Issuance Of Private Placement
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7516000 USD
CY2013 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
4925000 USD
CY2014 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9591000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
113000 USD
CY2012 ttnp Stock Issued From Vesting Of Restricted Stock
StockIssuedFromVestingOfRestrictedStock
0 USD
CY2013 ttnp Stock Issued From Vesting Of Restricted Stock
StockIssuedFromVestingOfRestrictedStock
0 USD
CY2014 ttnp Stock Issued From Vesting Of Restricted Stock
StockIssuedFromVestingOfRestrictedStock
36000 USD

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