2023 Q1 Form 10-K Financial Statement

#000121390023024901 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $675.0K $0.00 $951.0K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $62.00K $1.485M $383.0K
YoY Change -96.13% 6.76% -86.78%
% of Gross Profit
Research & Development $3.030M $3.840M $12.44M
YoY Change 56.75% 182.15% 104.54%
% of Gross Profit
Depreciation & Amortization $2.000K $2.000K $428.0K
YoY Change 0.0% 100.0% 42700.0%
% of Gross Profit
Operating Expenses $4.877M $5.325M $19.00M
YoY Change 37.89% 93.5% 111.69%
Operating Profit -$4.202M -$18.05M
YoY Change 101.09%
Interest Expense $12.00K -$3.000K $6.000K
YoY Change -100.96%
% of Operating Profit
Other Income/Expense, Net -$10.38M $0.00 -$6.000K
YoY Change -98.61%
Pretax Income -$14.58M -$5.328M -$18.06M
YoY Change 312.07% 93.6% 80.27%
Income Tax
% Of Pretax Income
Net Earnings -$14.58M -$5.328M -$18.06M
YoY Change 312.07% 93.6% 80.27%
Net Earnings / Revenue -2159.26% -1898.84%
Basic Earnings Per Share -$0.97 -$1.20
Diluted Earnings Per Share -$0.97 -$0.35 -$1.20
COMMON SHARES
Basic Shares Outstanding 15.23M shares 15.09M shares 15.06M shares
Diluted Shares Outstanding 15.23M shares 15.06M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.33M $455.0K $455.0K
YoY Change 78.65% -97.26% -97.26%
Cash & Equivalents $24.33M $455.0K
Short-Term Investments
Other Short-Term Assets $1.852M $2.189M $2.189M
YoY Change 0.43% 19.49% 19.49%
Inventory $1.852M $2.189M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $26.18M $2.644M $2.644M
YoY Change 69.32% -85.64% -85.64%
LONG-TERM ASSETS
Property, Plant & Equipment $21.00K $22.00K $174.0K
YoY Change -92.91% -21.43% -47.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.018M $174.0K $174.0K
YoY Change 243.92% -47.75% -47.75%
TOTAL ASSETS
Total Short-Term Assets $26.18M $2.644M $2.644M
Total Long-Term Assets $1.018M $174.0K $174.0K
Total Assets $27.20M $2.818M $2.818M
YoY Change 72.6% -84.97% -84.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $790.0K $892.0K $892.0K
YoY Change 34.13% 20.22% 20.22%
Accrued Expenses $1.698M $2.237M $2.392M
YoY Change -6.34% 84.57% 75.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.97M $3.284M $3.284M
YoY Change 564.86% 56.01% 56.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $715.0K $0.00 $0.00
YoY Change 527.19% -100.0% -100.0%
Total Long-Term Liabilities $715.0K $0.00 $0.00
YoY Change 527.19% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.97M $3.284M $3.284M
Total Long-Term Liabilities $715.0K $0.00 $0.00
Total Liabilities $16.69M $3.284M $3.284M
YoY Change 563.16% 45.31% 45.31%
SHAREHOLDERS EQUITY
Retained Earnings -$48.57M -$34.00M
YoY Change 113.29%
Common Stock $15.00K $15.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$15.08M -$466.0K -$466.0K
YoY Change
Total Liabilities & Shareholders Equity $27.20M $2.818M $2.818M
YoY Change 72.6% -84.97% -84.97%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$14.58M -$5.328M -$18.06M
YoY Change 312.07% 93.6% 80.27%
Depreciation, Depletion And Amortization $2.000K $2.000K $428.0K
YoY Change 0.0% 100.0% 42700.0%
Cash From Operating Activities -$3.920M -$6.084M -$15.65M
YoY Change 32.57% 333.64% 171.39%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $2.000K
YoY Change -100.0% -106.9%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$2.000K
YoY Change -100.0% -93.1%
FINANCING ACTIVITIES
Cash Dividend Paid $200.0K
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $27.80M -471.0K -$471.0K
YoY Change -102.11%
NET CHANGE
Cash From Operating Activities -$3.920M -6.084M -$15.65M
Cash From Investing Activities 0.000 -$2.000K
Cash From Financing Activities $27.80M -471.0K -$471.0K
Net Change In Cash $23.88M -6.555M -$16.12M
YoY Change 357.75% -197.26%
FREE CASH FLOW
Cash From Operating Activities -$3.920M -$6.084M -$15.65M
Capital Expenditures $0.00 $2.000K
Free Cash Flow -$3.920M -$6.084M -$15.65M
YoY Change 32.66% 342.79% 172.8%

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the periods presented. Management believes that these estimates and assumptions are reasonable; however, actual results may differ and could have a material effect on future results of operations and financial position. Significant items subject to such estimates and assumptions include stock-based compensation. Actual results may materially differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentration of Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash. All of the Company’s cash was deposited in one account at a financial institution during 2021 and 2022, and the account balance may at times exceed federally insured limits. The cash and cash equivalents we use to satisfy our working capital and operating expense needs are currently held in accounts at various financial institutions. Cash and cash equivalents could be adversely impacted, including the loss of uninsured deposits and other uninsured financial assets, if one or more of the financial institutions in which the Company holds its cash or cash equivalents fails or is subject to other adverse conditions in the financial or credit markets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>3. Significant Agreements</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With regards to manufacturing, testing and potential commercial supply of Renazorb, the Company has entered into an agreement with Shilpa Medicare Ltd based in India. According to the terms of the agreement Unicycive will pay the vendor $2 million in the first calendar year when the net revenue reaches $10 million from sales of Renazorb following its approval by the FDA and commercial supply of the product by the vendor (First Payment). Thereafter, the Company will pay $2 million per year for four consecutive years, after the first year’s payment, for the total payments of $10 million, provided all commercial supplies are continued to be manufactured and supplied by the vendor. Unicycive is not obligated to make any payments to the vendor until FDA approval of the product is obtained and commercial revenue is generated.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In October 2017, the Company entered into an exclusive license agreement with Sphaera, a stockholder, for the rights to further develop the drug candidate, UNI 494, for commercialization. No payments were made upon execution of the agreement but rather payments for $50,000 will be due commencing with the initiation by the Company of a second clinical trial and $50,000 on completion of such trial. At the time the FDA accepts a NDA application submitted by the Company for the product, the Company will pay Sphaera $1.65 million. Upon commercialization and sale of the drug product, royalty payments will also be payable quarterly to Sphaera equal to 2% of net sales on the preceding quarter.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In September 2018, the Company entered into an Assignment and Asset Purchase Agreement with Spectrum Pharmaceuticals, Inc. (“Spectrum Agreement”) pursuant to which the Company purchased certain assets from Spectrum, including Spectrum’s right, title, interest in and intellectual property related to Renazorb RZB 012, also known as RENALAN™ (“Renalan”) and RZB 014, also known as SPI 014 (“SPI” and together with Renalan, the “Compounds”), to further develop and commercialize Renazorb and related compounds. In partial consideration for the Spectrum Agreement, the Company issued 313,663 shares of common stock to Spectrum valued at approximately $4,000 which represented four percent of the Company on a fully-diluted basis at the date of the execution of the Spectrum Agreement. The Spectrum Agreement has an anti-dilution provision, which provides that Spectrum maintain its ownership interest in the Company at 4% of the Company’s shares on a fully-diluted basis. Fully-diluted shares of common stock for purposes of the Renazorb Purchase Agreement assumes conversion of any security convertible into or exchangeable or exercisable for common stock or any combination thereof, including any common stock reserved for issuance under a stock option plan, restricted stock plan, or other equity incentive plan approved by the Board of Directors of the Company immediately following the issuance of additional shares of the Company’s common stock (but prior to the issuance of any additional shares of common stock to Spectrum). Spectrum’s ownership shall not be subject to dilution until the earlier of thirty-six months from the first date the Company’s stock trades on a public market, or the date upon which the Company attains a public market capitalization of at least $50 million. On July 13, 2021, the Company’s initial public offering resulted in a public market capitalization of at least $50 million, and as a result the Company was required to issue 438,374 anti-dilution shares of common stock. This issuance represented the final anti-dilution calculation required under the Spectrum Agreement, and no further anti-dilution shares will be issued. The Company calculated the fair value of the shares and recognized $2.2 million to research and development expenses as cost to issue those shares during the third quarter of 2021. In the event an NDA filing for Renazorb is accepted by the FDA, the Company will be required to pay $0.2 million to Altair Nanomaterials, Inc., (“Altair”) in accordance with the Spectrum Agreement. In addition, in the event FDA approval for Renazorb is received, the Company will be required to pay $4.5 million to Altair. The Company is also required to pay Spectrum 40% of all of the Company’s sublicense income for any sublicense granted to certain sublicensees during the first 12 months after the Closing Date (as that term is defined in the Renazorb Purchase Agreement) and 20% of all other sublicense income. The Company’s payment obligations to Spectrum will expire on the twentieth (20<sup>th</sup>) anniversary of the Closing Date of the Renazorb Purchase Agreement. In August 2022, the Company received an upfront payment of approximately $1.0 million as a result of a sublicense development agreement with Lee’s Pharmaceutical (HK) Limited. The payment represents sublicense income as described in the Spectrum Agreement, and 20% of the amount received has been accrued as an R&amp;D expense in the accompanying statements of operations for the year ended December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 19, 2021, the Company entered into an agreement with Syneos Health LLC (“Syneos”) pursuant to which Syneos will provide preclinical research and analysis services related to the development of UNI-494. The initial budget for the study, which includes clinical pharmacology, translational sciences, and bioanalytical services, was approximately $2.3 million. Related payments totaling approximately $1.8 million have been paid to Syneos as of December 31, 2022, and approximately $0.2 million has been recorded as accounts payable or accrued expense in the accompanying balance sheet as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On January 6, 2022, the Company entered into a Master Services Agreement with Quotient Sciences Limited (“Quotient”), a UK based company that provides drug development and analysis services, for the purpose of performing clinical research in support of UNI-494. The initial budget for the study is approximately $3.7 million, and subsequent revisions reduced the overall budget to $2.6 million. Related payments totaling approximately $1.5 million have been paid to Quotient as of December 31, 2022, approximately $0.9 million of related expense has been recorded, and approximately $1.0 million has been recorded as prepaid expense in the accompanying balance sheet as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 9, 2022, the Company entered into a Master Services Agreement with CBCC Global Research Inc. (“CBCC”), a California based company that provides clinical trial and related services, for the purpose of performing clinical research in support of Renazorb. The budget for the initial study was approximately $1.4 million. Payments relating to the initial agreement totaling approximately $0.4 million have been paid to CBCC as of December 31, 2022, and approximately $0.4 million of related expense has been recorded. In September 2022, a statement of work revised the remaining services budget to approximately $0.1 million.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 29, 2022, the Company entered into an Agreement with Inotiv, an Indiana based company that provides preclinical trial and related services, for the purpose of performing research in support of Renazorb. The budget for the services is approximately $1.0 million. Approximately $0.7 million has been paid to Inotiv as of December 31, 2022 and approximately $0.4 million has been recorded as prepaid expense in the accompanying balance sheet as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 14, 2022, the Company entered into a license agreement with Lee’s Pharmaceutical (HK) Limited (see Note 4). Under the terms of the agreement, Lee’s Pharmaceutical will be responsible for development, registration filing and approval for Renazorb in China, Hong Kong, and certain other Asian markets. In addition, Lee’s Pharmaceutical will have sole responsibility for the importation of the drug product from the Company and for the costs of commercialization of Renazorb in the licensed territories. The Company has received an upfront payment of $1.0 million, expects to receive up to $1.0 million in milestone payments upon product launch in China and will be eligible for tiered royalties of between 7% and 10% upon achievement of prespecified regulatory and commercial achievements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 27, 2022, the Company entered into an Agreement with Celerion, a Nebraska based company that provides clinical trial and related services, for the purpose of performing research in support of Renazorb. The budget for the services is approximately $2.7 million, and approximately $2.7 million has been paid to Celerion as of December 31, 2022.</p>
CY2022 us-gaap Debt Instrument Description
DebtInstrumentDescription
According to the terms of the agreement Unicycive will pay the vendor $2 million in the first calendar year when the net revenue reaches $10 million from sales of Renazorb following its approval by the FDA and commercial supply of the product by the vendor (First Payment). Thereafter, the Company will pay $2 million per year for four consecutive years, after the first year’s payment, for the total payments of $10 million, provided all commercial supplies are continued to be manufactured and supplied by the vendor.
CY2017Q4 us-gaap Broadcasters License Agreement Commitments Description
BroadcastersLicenseAgreementCommitmentsDescription
No payments were made upon execution of the agreement but rather payments for $50,000 will be due commencing with the initiation by the Company of a second clinical trial and $50,000 on completion of such trial. At the time the FDA accepts a NDA application submitted by the Company for the product, the Company will pay Sphaera $1.65 million. Upon commercialization and sale of the drug product, royalty payments will also be payable quarterly to Sphaera equal to 2% of net sales on the preceding quarter.
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CY2022 uncy Purchase Agreement Description
PurchaseAgreementDescription
The Company is also required to pay Spectrum 40% of all of the Company’s sublicense income for any sublicense granted to certain sublicensees during the first 12 months after the Closing Date (as that term is defined in the Renazorb Purchase Agreement) and 20% of all other sublicense income. The Company’s payment obligations to Spectrum will expire on the twentieth (20th) anniversary of the Closing Date of the Renazorb Purchase Agreement.
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CY2022 us-gaap-sup Debt And Equity Securities And Foreign Currency Transaction Price Change Unrealized Gain Loss Operating Before Tax
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CY2022Q4 uncy Prepaid Preclinical Services
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CY2022Q4 us-gaap Warrants And Rights Outstanding Term
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Lease And Rental Expense
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
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CY2020 us-gaap Share Based Goods And Nonemployee Services Transaction Shares Approved For Issuance
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-0.1627 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.2404 pure
CY2021 uncy Interest On Convertible Notes
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-0.0222 pure
CY2021 uncy Others
Others
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CY2022 uncy Others
Others
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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
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2221000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
135000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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0.154 pure
CY2022 uncy Future Taxable Income
FutureTaxableIncome
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CY2022 uncy Taxable Income Percentage
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CY2022 uncy Reduce Future Taxable Income
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Repatriation Foreign Earnings Jobs Creation Act Of2004
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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29000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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101000 usd
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.86
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021 uncy Options To Purchase Common Stock
OptionsToPurchaseCommonStock
1211068 shares
CY2022 uncy Options To Purchase Common Stock
OptionsToPurchaseCommonStock
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CY2021 uncy Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
4784193 shares
CY2022 uncy Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5995261 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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6126863 shares
CY2022 uncy Aggregate Percentage
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0.75 pure
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2022Q4 us-gaap Preferred Stock Value
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CY2021Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2021 us-gaap Revenues
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CY2022 uncy Loss On Debt Conversion
LossOnDebtConversion
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
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CY2021 us-gaap Other Noncash Expense
OtherNoncashExpense
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CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2022 uncy Deferred Compensation To Ceo
DeferredCompensationToCEO
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CY2022 uncy Loss On Debt Conversion
LossOnDebtConversion
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CY2022 uncy Related Party Service Fee Payable
RelatedPartyServiceFeePayable
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CY2022 us-gaap Proceeds From Issuance Initial Public Offering
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CY2021 uncy Issuance Of Common Stock For Cash Net Of Issuance Costs
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CY2022 us-gaap Proceeds From Short Term Debt
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CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2022 us-gaap Repayments Of Other Short Term Debt
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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2021 uncy Deferred Insurance Charges Included In Prepaid Expenses And Other Current Assets
DeferredInsuranceChargesIncludedInPrepaidExpensesAndOtherCurrentAssets
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 us-gaap Income Taxes Paid Net
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2022 uncy Weighted Average Remaining Contractual Termin Years Warrants Granted
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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pure
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
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CY2021Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15057049 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001766140

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0001213900-23-024901-index.html Edgar Link pending
0001213900-23-024901.txt Edgar Link pending
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f10k2022ex23-1_unicycive.htm Edgar Link pending
f10k2022ex31-1_unicycive.htm Edgar Link pending
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uncy-20221231.xsd Edgar Link pending
uncy-20221231_lab.xml Edgar Link unprocessable
uncy-20221231_cal.xml Edgar Link unprocessable
uncy-20221231_pre.xml Edgar Link unprocessable