2024 Q1 Form 10-K Financial Statement

#000182912624002110 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $184.0K
YoY Change -100.0% -66.97%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.063M $1.444M $5.548M
YoY Change -13.86% 12.02% -8.05%
% of Gross Profit
Research & Development $487.0K $1.913M
YoY Change -66.25% -59.79%
% of Gross Profit
Depreciation & Amortization $2.000K $3.000K $112.0K
YoY Change -95.35% -93.33% -42.86%
% of Gross Profit
Operating Expenses $1.063M $1.931M $7.461M
YoY Change 89.48% -29.32% -30.87%
Operating Profit -$1.063M -$7.277M
YoY Change -37.36% -28.9%
Interest Expense $1.000K -$13.00K $5.000K
YoY Change -95.45% -148.15% -90.57%
% of Operating Profit
Other Income/Expense, Net $3.000K -$49.00K $1.708M
YoY Change -86.36% -372.22% 5789.66%
Pretax Income -$1.060M -$1.970M -$5.569M
YoY Change -36.72% -23.23% -45.43%
Income Tax $1.000K
% Of Pretax Income
Net Earnings -$1.060M -$1.970M -$5.569M
YoY Change -36.72% -23.23% -45.43%
Net Earnings / Revenue -3026.63%
Basic Earnings Per Share -$1.24 -$7.41
Diluted Earnings Per Share -$1.24 -$2.61 -$7.41
COMMON SHARES
Basic Shares Outstanding 914.2K shares 15.02M shares 752.0K shares
Diluted Shares Outstanding 853.0K shares 752.0K shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.159M $6.760M $6.760M
YoY Change 442.17% 130.17% 130.17%
Cash & Equivalents $6.159M $6.760M $6.760M
Short-Term Investments
Other Short-Term Assets $318.0K $212.0K $212.0K
YoY Change -40.56% -59.54% -59.54%
Inventory $0.00 $0.00
Prepaid Expenses
Receivables $134.0K $46.00K $46.00K
Other Receivables $0.00 $1.000M $1.000M
Total Short-Term Assets $6.611M $8.018M $8.018M
YoY Change 270.36% 122.54% 122.54%
LONG-TERM ASSETS
Property, Plant & Equipment $3.000K $5.000K $68.00K
YoY Change -98.34% -97.77% -83.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $35.00K $68.00K $68.00K
YoY Change -90.86% -85.05% -85.05%
TOTAL ASSETS
Total Short-Term Assets $6.611M $8.018M $8.018M
Total Long-Term Assets $35.00K $68.00K $68.00K
Total Assets $6.646M $8.086M $8.086M
YoY Change 206.55% 99.26% 99.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $371.0K $348.0K $348.0K
YoY Change -34.57% -49.93% -49.93%
Accrued Expenses $188.0K $584.0K $584.0K
YoY Change -88.21% -63.73% -63.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $500.0K $500.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $559.0K $1.444M $1.444M
YoY Change -77.16% -45.1% -45.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $559.0K $1.444M $1.444M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $559.0K $1.444M $1.444M
YoY Change -77.46% -46.42% -46.42%
SHAREHOLDERS EQUITY
Retained Earnings -$392.9M -$391.8M
YoY Change 1.28% 1.44%
Common Stock $1.000K $1.000K
YoY Change -93.33% -93.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.087M $6.642M $6.642M
YoY Change
Total Liabilities & Shareholders Equity $6.646M $8.086M $8.086M
YoY Change 206.55% 99.26% 99.26%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$1.060M -$1.970M -$5.569M
YoY Change -36.72% -23.23% -45.43%
Depreciation, Depletion And Amortization $2.000K $3.000K $112.0K
YoY Change -95.35% -93.33% -42.86%
Cash From Operating Activities -$613.0K -$2.246M -$7.092M
YoY Change -67.72% 42.24% -13.33%
INVESTING ACTIVITIES
Capital Expenditures $2.000K $2.000K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $506.0K $734.0K
YoY Change
Cash From Investing Activities $504.0K $732.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 406.0K $10.00M
YoY Change 100.64%
NET CHANGE
Cash From Operating Activities -$613.0K -2.246M -$7.092M
Cash From Investing Activities 504.0K $732.0K
Cash From Financing Activities 406.0K $10.00M
Net Change In Cash -$613.0K -1.336M $3.640M
YoY Change -67.72% -15.39% -213.79%
FREE CASH FLOW
Cash From Operating Activities -$613.0K -$2.246M -$7.092M
Capital Expenditures $2.000K $2.000K
Free Cash Flow -$2.248M -$7.094M
YoY Change 42.37% -13.31%

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CY2023 us-gaap Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
750000 usd
CY2023 us-gaap Repayments Of Subordinated Short Term Debt
RepaymentsOfSubordinatedShortTermDebt
250000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4984000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3640000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-3199000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3133000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6332000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6773000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3133000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
21000 usd
CY2023 ttnp Inventory Transferred With Sale Of Assets
InventoryTransferredWithSaleOfAssets
106000 usd
CY2023 ttnp Property And Equipment Net Transferred With Sale Of Assets
PropertyAndEquipmentNetTransferredWithSaleOfAssets
109000 usd
CY2023 ttnp Notes Receivable Received In Connection With Sale Of Assets
NotesReceivableReceivedInConnectionWithSaleOfAssets
1000000 usd
CY2023 ttnp Other Accrued Liabilities Transferred With Sale Of Assets
OtherAccruedLiabilitiesTransferredWithSaleOfAssets
236000 usd
CY2023 ttnp Other Accrued Liabilities Related To Stockbased Compensation
OtherAccruedLiabilitiesRelatedToStockbasedCompensation
310000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6760000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2937000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
13000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
196000 usd
CY2023Q4 ttnp Cash And Cash Equivalents And Restricted Cash Equivalents
CashAndCashEquivalentsAndRestrictedCashEquivalents
6773000 usd
CY2022Q4 ttnp Cash And Cash Equivalents And Restricted Cash Equivalents
CashAndCashEquivalentsAndRestrictedCashEquivalents
3133000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
6800000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_z520yFiurfS3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><b><i><span id="xdx_867_zGrxKvFzk8Cg">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
60000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
46000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
106000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
106000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
0 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
2600000 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
0 usd
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000000 usd
CY2021Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
112000 usd
CY2022 ttnp Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
557000 usd
CY2022 ttnp Contract With Customer Asset Deductions
ContractWithCustomerAssetDeductions
-633000 usd
CY2022Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
36000 usd
CY2023 ttnp Contract With Customer Asset Additions
ContractWithCustomerAssetAdditions
184000 usd
CY2023 ttnp Contract With Customer Asset Deductions
ContractWithCustomerAssetDeductions
-174000 usd
CY2023Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
46000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
497000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
331000 shares
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
66000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
66000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
65000 usd
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
781503 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
750815 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
950000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
711000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1817000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
706000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1593000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
224000 usd
CY2023 ttnp Reimbursement Fees
ReimbursementFees
50000000 usd
CY2023 ttnp Operating Leases Rent Expenses
OperatingLeasesRentExpenses
100000 usd
CY2022 ttnp Operating Leases Rent Expenses
OperatingLeasesRentExpenses
100000 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Share Price
SharePrice
10.00
CY2023 ttnp Purchase Price
PurchasePrice
9500000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2500 shares
CY2023 ttnp Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Released In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsReleasedInPeriod
-2500 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
484000 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
577000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
46000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
164.95
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y4M2D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
79000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
17.23
CY2023Q4 ttnp Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedIntrinsicValue1
283000 usd
CY2023 ttnp Share Based Compensation Arrangement By Share Based Payment Award Options Released In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsReleasedInPeriod
-28000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
4000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
479.56
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
93000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
73.46
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P8Y4M6D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
93000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
73.46
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y4M6D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.041 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.019 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M10D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M3D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.0110 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.0116 pure
CY2023 ttnp Estimated Forfeiture Rates For Options Granted To Management
EstimatedForfeitureRatesForOptionsGrantedToManagement
0.07 pure
CY2022 ttnp Estimated Forfeiture Rates For Options Granted To Management
EstimatedForfeitureRatesForOptionsGrantedToManagement
0.06 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.66
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.00
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1013000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
947000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
53225000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
57895000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
9841000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
10521000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1980000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1968000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
65046000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
70384000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
19000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
46000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
19000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
46000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
65027000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
70338000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
5300000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
7500000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1084000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2144000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
11000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-488000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-5310000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-7545000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
218000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
627000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
233000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-3489000 usd
CY2023 ttnp Tax Attributes Expirations
TaxAttributesExpirations
-6314000 usd
CY2022 ttnp Tax Attributes Expirations
TaxAttributesExpirations
-6216000 usd
CY2023 ttnp Income Tax Reconciliation Impact Of Internal Revenue Code
IncomeTaxReconciliationImpactOfInternalRevenueCode
83000 usd
CY2022 ttnp Income Tax Reconciliation Impact Of Internal Revenue Code
IncomeTaxReconciliationImpactOfInternalRevenueCode
-159000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023 ttnp Proceeds From Promissory Note
ProceedsFromPromissoryNote
109000000 usd
CY2022 ttnp Proceeds From Promissory Note
ProceedsFromPromissoryNote
75000000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8096000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
13000 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
26000 usd
CY2023Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
1500000 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
244000 usd
CY2023Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
20000 usd
CY2023Q3 us-gaap Assets Current
AssetsCurrent
9899000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
94000 usd
CY2023Q3 us-gaap Assets
Assets
9999000 usd
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
407000 usd
CY2023Q3 ttnp Note Payable To Related Party
NotePayableToRelatedParty
500000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
790000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
97000 usd
CY2023Q3 ttnp Deferred Grant Revenue
DeferredGrantRevenue
12000 usd
CY2023Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
60000 usd
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1866000 usd
CY2023Q3 us-gaap Liabilities
Liabilities
1866000 usd
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
1000 usd
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
15000 usd
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
398383000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-390266000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
8133000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9999000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4000 usd
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
424000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2047000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
2471000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2467000 usd
CY2023Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-11000 usd
CY2023Q3 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
1732000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1723000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-744000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15016000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15016000 shares
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
184000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1426000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4510000 usd
us-gaap Costs And Expenses
CostsAndExpenses
5936000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5752000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
18000 usd
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
1732000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1747000 usd
us-gaap Profit Loss
ProfitLoss
-4005000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15016000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15016000 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4005000 usd
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
1732000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
109000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
965000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-122000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-374000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-184000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-152000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5252000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
228000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
228000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
9500000 usd
us-gaap Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
750000 usd
us-gaap Repayments Of Subordinated Short Term Debt
RepaymentsOfSubordinatedShortTermDebt
250000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
4976000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3133000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8109000 usd
us-gaap Interest Paid Net
InterestPaidNet
4000 usd
ttnp Inventory Transferred With Sale Of Assets
InventoryTransferredWithSaleOfAssets
106000 usd
ttnp Property And Equipment Net Transferred With Sale Of Assets
PropertyAndEquipmentNetTransferredWithSaleOfAssets
109000 usd
ttnp Notes Receivable Received In Connection With Sale Of Assets
NotesReceivableReceivedInConnectionWithSaleOfAssets
1500000 usd
ttnp Accounts Payable Related To Sale Of Assets
AccountsPayableRelatedToSaleOfAssets
17000 usd
ttnp Other Accrued Liabilities Transferred With Sale Of Assets
OtherAccruedLiabilitiesTransferredWithSaleOfAssets
236000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8096000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
13000 usd
CY2023Q3 ttnp Cash Cash Equivalents And Restricted Cash Shown In Condensed Statements Of Cash Flows
CashCashEquivalentsAndRestrictedCashShownInCondensedStatementsOfCashFlows
8109000 usd

Files In Submission

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0001829126-24-002110-index.html Edgar Link pending
0001829126-24-002110.txt Edgar Link pending
0001829126-24-002110-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
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titanpharma_10k.htm Edgar Link pending
titanpharma_ex23-1.htm Edgar Link pending
titanpharma_ex31-1.htm Edgar Link pending
titanpharma_ex32-1.htm Edgar Link pending
titanpharma_ex97i.htm Edgar Link pending
ttnp-20231231.xsd Edgar Link pending
ttnp-20231231_def.xml Edgar Link unprocessable
ttnp-20231231_lab.xml Edgar Link unprocessable
ttnp-20231231_pre.xml Edgar Link unprocessable
titanpharma_10k_htm.xml Edgar Link completed
ttnp-20231231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable