2024 Q3 Form 10-Q Financial Statement
#000149315224032294 Filed on August 14, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
Revenue | $0.00 | ||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $526.6K | ||
YoY Change | 103.64% | ||
% of Gross Profit | |||
Research & Development | $3.261M | $4.124M | $2.379M |
YoY Change | 191.96% | 73.4% | |
% of Gross Profit | |||
Depreciation & Amortization | $79.50K | ||
YoY Change | 143.12% | ||
% of Gross Profit | |||
Operating Expenses | $6.086M | $8.599M | $526.6K |
YoY Change | 897.63% | 1533.0% | 103.64% |
Operating Profit | -$6.086M | -$8.599M | -$2.184M |
YoY Change | 161.74% | 293.64% | |
Interest Expense | $12.46K | $331.5K | |
YoY Change | -96.22% | 140.67% | |
% of Operating Profit | |||
Other Income/Expense, Net | $331.5K | ||
YoY Change | -28.79% | ||
Pretax Income | -$195.1K | ||
YoY Change | -194.23% | ||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$5.884M | -$9.663M | -$195.1K |
YoY Change | 2010.96% | 4854.19% | -194.23% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.03 | -$0.04 | -$0.18 |
Diluted Earnings Per Share | -$0.03 | -$0.04 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 170.6M shares | 164.6M shares | 120.0M shares |
Diluted Shares Outstanding | 170.2M shares | 154.2M shares | 120.0M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $556.0K | ||
YoY Change | 199.49% | ||
Cash & Equivalents | $2.331M | $1.135M | $25.00M |
Short-Term Investments | |||
Other Short-Term Assets | $143.3K | ||
YoY Change | -64.97% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $3.528M | $2.447M | $699.3K |
YoY Change | 783.09% | 249.87% | 17.58% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $337.0K | $377.5K | $1.123M |
YoY Change | -67.25% | -66.38% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $133.3K | $133.3K | $25.68M |
YoY Change | -99.49% | -99.48% | -92.71% |
Total Long-Term Assets | $761.8K | $863.5K | $25.68M |
YoY Change | -97.07% | -96.64% | -92.71% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.528M | $2.447M | $699.3K |
Total Long-Term Assets | $761.8K | $863.5K | $25.68M |
Total Assets | $4.289M | $3.310M | $26.38M |
YoY Change | -83.76% | -87.45% | -92.53% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.838M | $6.666M | $694.9K |
YoY Change | 483.84% | 859.28% | 287.73% |
Accrued Expenses | $1.405M | $1.776M | $882.0K |
YoY Change | -31.68% | 101.37% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $625.7K | ||
YoY Change | |||
Long-Term Debt Due | $62.93M | ||
YoY Change | |||
Total Short-Term Liabilities | $10.42M | $10.61M | $1.521M |
YoY Change | 470.18% | 597.87% | 486.58% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | $14.73M | ||
YoY Change | -0.93% | ||
Total Long-Term Liabilities | $14.73M | ||
YoY Change | -0.93% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.42M | $10.61M | $1.521M |
Total Long-Term Liabilities | $14.73M | ||
Total Liabilities | $10.48M | $10.94M | $16.25M |
YoY Change | -36.73% | -32.65% | 7.43% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$103.9M | -$98.06M | -$15.55M |
YoY Change | 543.0% | 530.52% | 10.7% |
Common Stock | $17.08K | $16.88K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$6.190M | -$7.634M | -$15.55M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.289M | $3.310M | $26.38M |
YoY Change | -83.76% | -87.45% | -92.53% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.884M | -$9.663M | -$195.1K |
YoY Change | 2010.96% | 4854.19% | -194.23% |
Depreciation, Depletion And Amortization | $79.50K | ||
YoY Change | 143.12% | ||
Cash From Operating Activities | -$397.3K | ||
YoY Change | 765.53% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $133.0K | ||
YoY Change | -28.88% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 901.0K | ||
YoY Change | -81.98% | ||
NET CHANGE | |||
Cash From Operating Activities | -397.3K | ||
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | 901.0K | ||
Net Change In Cash | 503.7K | ||
YoY Change | -1197.43% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$397.3K | ||
Capital Expenditures | $133.0K | ||
Free Cash Flow | -$530.3K | ||
YoY Change | 127.69% |
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CY2024Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-38788 | usd |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-6815 | usd | |
CY2023Q2 | TVGN |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-19700000 | usd |
TVGN |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
48468678 | usd | |
TVGN |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-47842865 | usd | |
CY2024Q2 | TVGN |
Change In Fair Value Of Written Call Option Derivative Liabilities
ChangeInFairValueOfWrittenCallOptionDerivativeLiabilities
|
213214 | usd |
TVGN |
Change In Fair Value Of Written Call Option Derivative Liabilities
ChangeInFairValueOfWrittenCallOptionDerivativeLiabilities
|
213214 | usd | |
CY2024Q2 | TVGN |
Loss On Issuance Of Commitment Shares
LossOnIssuanceOfCommitmentShares
|
890000 | usd |
TVGN |
Loss On Issuance Of Commitment Shares
LossOnIssuanceOfCommitmentShares
|
890000 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9663447 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22184353 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1601395 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6075379 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-22184353 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5044907 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-52940497 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-6075379 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-22184353 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-43124798 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-52940497 | usd | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.44 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.29 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.44 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
154167090 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119999989 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
145655205 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119999989 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
154167090 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119999989 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148154361 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119999989 | shares | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-94428897 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2799990 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
200000 | usd |
CY2024Q1 | TVGN |
Stock Issued During Period Value New Issues One
StockIssuedDuringPeriodValueNewIssuesOne
|
3613000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
46622627 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
2883981 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
676500 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
26333249 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11264842 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5802670 | usd |
CY2024Q2 | TVGN |
Stock Issued During Period Value Commitment Shares In Connection With Unsecured Equity Line Of Credit Facility
StockIssuedDuringPeriodValueCommitmentSharesInConnectionWithUnsecuredEquityLineOfCreditFacility
|
890000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
2800000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4142220 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9663447 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7633897 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-33951217 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-30756144 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-64707361 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-64707361 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22184353 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22184353 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-86891714 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-86891714 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1601395 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-52940497 | usd | |
us-gaap |
Depreciation
Depreciation
|
81104 | usd | |
us-gaap |
Depreciation
Depreciation
|
79471 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
30475469 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
159305 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
589135 | usd | |
us-gaap |
Noncash Merger Related Costs
NoncashMergerRelatedCosts
|
7099353 | usd | |
TVGN |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
48468678 | usd | |
TVGN |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-47842865 | usd | |
TVGN |
Loss On Preferred Stock Issuance
LossOnPreferredStockIssuance
|
799990 | usd | |
TVGN |
Loss On Issuance Of Commitment Shares
LossOnIssuanceOfCommitmentShares
|
890000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-6815 | usd | |
TVGN |
Issuance Of Written Call Option
IssuanceOfWrittenCallOption
|
375000 | usd | |
TVGN |
Change In Fair Value Of Written Call Option Derivative Liabilitie
ChangeInFairValueOfWrittenCallOptionDerivativeLiabilitie
|
-161786 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
117189 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
104438 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
479471 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-144472 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
68446 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-21343 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
3151676 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
372614 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-589529 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-500656 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-122091 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-107839 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5146335 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4394654 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
133000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-133000 | usd | |
TVGN |
Cash Acquired In Connection With Reverse Recapitalization
CashAcquiredInConnectionWithReverseRecapitalization
|
229328 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
2000000 | usd | |
TVGN |
Nonrefundable Prepaid Proceeds Towards Anticipated Preferred Stock Issuance
NonrefundablePrepaidProceedsTowardsAnticipatedPreferredStockIssuance
|
3000000 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
2500000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5229328 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2500000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
82993 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2027654 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1052397 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5484265 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1135390 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3456611 | usd |
TVGN |
Despac Transaction Fees Included In Accrued Expenses And Other Liabilities
DespacTransactionFeesIncludedInAccruedExpensesAndOtherLiabilities
|
276000 | usd | |
us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
46622627 | usd | |
TVGN |
Repurchase Of Series B Preferred Stock
RepurchaseOfSeriesBPreferredStock
|
3613000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
3113309 | usd | |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-98056342 | usd |
CY2024Q2 | us-gaap |
Cash
Cash
|
1135390 | usd |
TVGN |
Drawing Down Term Loans
DrawingDownTermLoans
|
1000000 | usd | |
TVGN |
Drawing Down Term Loans Net
DrawingDownTermLoansNet
|
36000000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84F_eus-gaap--UseOfEstimates_zeSwUwmqs8f4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_z23bDAansePa">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing unaudited consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of expenses. Actual results could differ from those estimates. Estimates and assumptions are periodically reviewed, and the effects of revisions are reflected in the unaudited consolidated financial statements in the period they are determined to be necessary.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant areas that require management’s estimates include the fair value of the common stock and convertible promissory notes prior to the Merger, the fair value of the Series A Preferred Stock and Series B Preferred Stock, fair value of the purchase options under the Loan Agreement, stock-based compensation assumptions, the estimated useful lives of property and equipment and accrued research and development expenses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84C_eus-gaap--ConcentrationRiskCreditRisk_zSY2x9IJ02Gl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zaDG4Yhydou">Concentrations of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to significant risk on its cash.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
TVGN |
Free Standing Purchase Options
FreeStandingPurchaseOptions
|
14000000 | shares | |
TVGN |
Embedded Options
EmbeddedOptions
|
36000000 | shares | |
CY2024Q2 | us-gaap |
Share Price
SharePrice
|
10.00 | |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
164614418 | shares |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
229328 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
|
158819 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
|
2501 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
96175 | usd |
CY2024Q1 | TVGN |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accrued Expenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccruedExpenses
|
1269126 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
|
1651000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
|
29000 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
-2654653 | usd |
CY2024Q1 | TVGN |
Merger Transaction Costs Limited To Cash Acquired
MergerTransactionCostsLimitedToCashAcquired
|
-229328 | usd |
CY2024Q1 | TVGN |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net Plus Transaction Costs
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetPlusTransactionCosts
|
-2883981 | usd |
CY2024Q1 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
7728681 | usd |
CY2024Q1 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
229328 | usd |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
7499353 | usd | |
CY2024Q1 | TVGN |
Stock Issued During Period Value New Issues One
StockIssuedDuringPeriodValueNewIssuesOne
|
3613000 | usd |
CY2024Q2 | TVGN |
Accrued Professional Service Fees Current
AccruedProfessionalServiceFeesCurrent
|
1387446 | usd |
CY2023Q4 | TVGN |
Accrued Professional Service Fees Current
AccruedProfessionalServiceFeesCurrent
|
976301 | usd |
CY2024Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
388601 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
120149 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1776047 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1096450 | usd |
TVGN |
Loss On Issuance Of Commitment
LossOnIssuanceOfCommitment
|
890000 | usd | |
TVGN |
Lender Issuance Date Fair Value
LenderIssuanceDateFairValue
|
105000 | usd | |
TVGN |
Additional Issuance Date Fair Value
AdditionalIssuanceDateFairValue
|
270000 | usd | |
CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4142220 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
30475469 | usd | |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
0 | usd | |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
0 | usd |
CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
168826402 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
168826402 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
168826402 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
168826402 | shares |
CY2024Q2 | TVGN |
Vested Performancebased Restricted Stock Units From Satisfaction Of Liquidity Condition Upon Closing
VestedPerformancebasedRestrictedStockUnitsFromSatisfactionOfLiquidityConditionUponClosing
|
5462378 | shares |
CY2024Q2 | TVGN |
Shares Subject To Future Vesting Issuance Of Restricted Common Stock Subject To Forfeiture
SharesSubjectToFutureVestingIssuanceOfRestrictedCommonStockSubjectToForfeiture
|
-19348954 | shares |
CY2024Q2 | TVGN |
Common Stock Shares Issued And Outstanding Inclusion Of Shares To Be Issued And Exclusion Of Shares Subject To Forfeiture
CommonStockSharesIssuedAndOutstandingInclusionOfSharesToBeIssuedAndExclusionOfSharesSubjectToForfeiture
|
154939826 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
us-gaap |
Sponsor Fees
SponsorFees
|
2000000 | usd | |
CY2024Q2 | TVGN |
Sponsor Fees Payable
SponsorFeesPayable
|
250000 | usd |
us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
800396 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9663447 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22184353 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1601395 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-52940497 | usd | |
CY2024Q2 | TVGN |
Cumulative Undeclared Series Dividends
CumulativeUndeclaredSeriesDividends
|
24932 | usd |
TVGN |
Cumulative Undeclared Series Dividends
CumulativeUndeclaredSeriesDividends
|
26301 | usd | |
CY2024Q2 | TVGN |
Preferred Stock Repurchased Basic
PreferredStockRepurchasedBasic
|
3613000 | usd |
TVGN |
Preferred Stock Repurchased Basic
PreferredStockRepurchasedBasic
|
3613000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
143187 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6075379 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-22184353 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5044907 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-52940497 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9663447 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22184353 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1601395 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-52940497 | usd | |
CY2024Q2 | TVGN |
Cumulative Undeclared Series Dividends Diluted
CumulativeUndeclaredSeriesDividendsDiluted
|
24932 | usd |
TVGN |
Cumulative Undeclared Series Dividends Diluted
CumulativeUndeclaredSeriesDividendsDiluted
|
26301 | usd | |
CY2024Q2 | TVGN |
Preferred Stock Repurchased Diluted
PreferredStockRepurchasedDiluted
|
3613000 | usd |
TVGN |
Preferred Stock Repurchased Diluted
PreferredStockRepurchasedDiluted
|
3613000 | usd | |
TVGN |
Convertible Promissory Note Interest Diluted
ConvertiblePromissoryNoteInterestDiluted
|
155786 | usd | |
TVGN |
Convertible Promissory Note Change In Fair Value Diluted
ConvertiblePromissoryNoteChangeInFairValueDiluted
|
-48468678 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-6075379 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-22184353 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-43124798 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-52940497 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
154167090 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119999989 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
145655205 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119999989 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.44 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
154167090 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119999989 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
145655205 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119999989 | shares | |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2499156 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2499156 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
154167090 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119999989 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
148154361 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119999989 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.29 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.44 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
65549698 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11904977 | shares | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |