2024 Q3 Form 10-Q Financial Statement

#000149315224032294 Filed on August 14, 2024

View on sec.gov

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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StockholdersEquity
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StockholdersEquity
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us-gaap Paid In Kind Interest
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us-gaap Paid In Kind Interest
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ChangeInFairValueOfConvertiblePromissoryNotes
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LossOnPreferredStockIssuance
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TVGN Issuance Of Written Call Option
IssuanceOfWrittenCallOption
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us-gaap Finance Lease Right Of Use Asset Amortization
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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IncreaseDecreaseInOtherOperatingAssets
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IncreaseDecreaseInOtherOperatingAssets
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IncreaseDecreaseInAccountsPayableTrade
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IncreaseDecreaseInAccountsPayableTrade
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IncreaseDecreaseInAccruedLiabilities
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IncreaseDecreaseInAccruedLiabilities
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IncreaseDecreaseInOtherOperatingLiabilities
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IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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TVGN Cash Acquired In Connection With Reverse Recapitalization
CashAcquiredInConnectionWithReverseRecapitalization
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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
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TVGN Nonrefundable Prepaid Proceeds Towards Anticipated Preferred Stock Issuance
NonrefundablePrepaidProceedsTowardsAnticipatedPreferredStockIssuance
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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TVGN Despac Transaction Fees Included In Accrued Expenses And Other Liabilities
DespacTransactionFeesIncludedInAccruedExpensesAndOtherLiabilities
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us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
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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
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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
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CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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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
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CY2024Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
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CY2024Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
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CY2024Q1 TVGN Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accrued Expenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccruedExpenses
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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
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CY2024Q1 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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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
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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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
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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

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