2022 Q3 Form 10-Q Financial Statement
#000149315222021559 Filed on August 08, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $317.0K | $346.0K | $126.0K |
YoY Change | 196.26% | 143.66% | -58.0% |
Cost Of Revenue | $2.672M | $2.522M | $2.754M |
YoY Change | 8.35% | -4.25% | 14.27% |
Gross Profit | -$2.355M | -$2.176M | -$2.628M |
YoY Change | -0.17% | -12.68% | 24.55% |
Gross Profit Margin | -742.9% | -628.9% | -2085.71% |
Selling, General & Admin | $14.22M | $15.08M | $10.93M |
YoY Change | 46.7% | 61.03% | 61.93% |
% of Gross Profit | |||
Research & Development | $4.983M | $5.643M | $2.362M |
YoY Change | 67.66% | 23.16% | -65.47% |
% of Gross Profit | |||
Depreciation & Amortization | $526.0K | $542.0K | $473.0K |
YoY Change | 18.2% | 15.07% | 5.11% |
% of Gross Profit | |||
Operating Expenses | $21.88M | $23.25M | $13.29M |
YoY Change | 72.72% | 40.2% | -2.19% |
Operating Profit | -$21.56M | -$22.90M | -$15.92M |
YoY Change | 43.49% | 39.3% | 1.4% |
Interest Expense | $958.0K | $901.0K | -$5.334M |
YoY Change | -216.4% | 6.63% | 173.54% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$25.21M | -$45.70M | -$21.25M |
YoY Change | 59.08% | 161.5% | 20.42% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$25.21M | -$45.70M | -$21.25M |
YoY Change | 59.08% | 161.5% | 20.44% |
Net Earnings / Revenue | -7952.37% | -13207.8% | -16868.25% |
Basic Earnings Per Share | -$0.10 | -$0.18 | -$2.47 |
Diluted Earnings Per Share | -$97.61K | -$177.0K | -$82.30K |
COMMON SHARES | |||
Basic Shares Outstanding | 258.3M shares | 258.3M shares | 8.609M shares |
Diluted Shares Outstanding | 8.609M shares | 8.609M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $83.55M | $82.41M | $101.3M |
YoY Change | -39.22% | -38.96% | -24.15% |
Cash & Equivalents | $83.55M | $82.41M | $101.3M |
Short-Term Investments | |||
Other Short-Term Assets | $4.008M | $4.468M | $4.082M |
YoY Change | -32.13% | 6.05% | 13.39% |
Inventory | $5.796M | $4.050M | $4.057M |
Prepaid Expenses | $2.730M | $1.685M | |
Receivables | $132.0K | $135.0K | $102.0K |
Other Receivables | $2.350M | $2.313M | $2.769M |
Total Short-Term Assets | $96.22M | $92.75M | $112.3M |
YoY Change | -34.9% | -36.51% | -22.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $11.15M | $11.02M | $14.69M |
YoY Change | 2.12% | -3.39% | 27.76% |
Goodwill | $2.104M | $2.237M | |
YoY Change | |||
Intangibles | $57.73M | $61.38M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.349M | $1.396M | $1.446M |
YoY Change | 23.31% | 46.79% | 80.75% |
Total Long-Term Assets | $75.79M | $79.41M | $81.66M |
YoY Change | -0.83% | 1.1% | 5.64% |
TOTAL ASSETS | |||
Total Short-Term Assets | $96.22M | $92.75M | $112.3M |
Total Long-Term Assets | $75.79M | $79.41M | $81.66M |
Total Assets | $172.0M | $172.2M | $194.0M |
YoY Change | -23.29% | -23.36% | -12.96% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $11.67M | $5.617M | $3.927M |
YoY Change | 211.51% | 225.62% | 131.0% |
Accrued Expenses | $13.50M | $15.07M | $14.67M |
YoY Change | -2.81% | -1.95% | 29.85% |
Deferred Revenue | $597.0K | $864.0K | |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $8.780M | $4.744M | |
YoY Change | |||
Total Short-Term Liabilities | $34.68M | $40.53M | $33.99M |
YoY Change | 5.26% | 55.49% | 42.82% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $48.42M | $21.16M | $24.79M |
YoY Change | 73.3% | -22.91% | 55.9% |
Other Long-Term Liabilities | $5.094M | $4.908M | $5.663M |
YoY Change | 59.39% | 62.09% | 82.68% |
Total Long-Term Liabilities | $53.51M | $26.07M | $30.45M |
YoY Change | 71.87% | -14.47% | 60.27% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $34.68M | $40.53M | $33.99M |
Total Long-Term Liabilities | $53.51M | $26.07M | $30.45M |
Total Liabilities | $88.19M | $66.60M | $64.44M |
YoY Change | 37.62% | 17.78% | 50.21% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$468.5M | -$443.3M | |
YoY Change | |||
Common Stock | $442.3M | $442.3M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $83.82M | $105.6M | $129.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $172.0M | $172.2M | $194.0M |
YoY Change | -23.29% | -23.36% | -12.96% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$25.21M | -$45.70M | -$21.25M |
YoY Change | 59.08% | 161.5% | 20.44% |
Depreciation, Depletion And Amortization | $526.0K | $542.0K | $473.0K |
YoY Change | 18.2% | 15.07% | 5.11% |
Cash From Operating Activities | -$17.27M | -$17.45M | -$19.93M |
YoY Change | 328.64% | 62.75% | 200.08% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.300M | -$1.077M | -$515.0K |
YoY Change | 205.88% | 169.25% | -8.04% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$1.300M | -$1.077M | -$515.0K |
YoY Change | 205.88% | -104.35% | -8.04% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 19.44M | 0.000 | 12.00K |
YoY Change | 175.51% | -100.0% | -99.94% |
NET CHANGE | |||
Cash From Operating Activities | -17.27M | -17.45M | -19.93M |
Cash From Investing Activities | -1.300M | -1.077M | -515.0K |
Cash From Financing Activities | 19.44M | 0.000 | 12.00K |
Net Change In Cash | 863.0K | -18.53M | -20.43M |
YoY Change | -66.81% | -169.25% | -241.66% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$17.27M | -$17.45M | -$19.93M |
Capital Expenditures | -$1.300M | -$1.077M | -$515.0K |
Free Cash Flow | -$15.97M | -$16.37M | -$19.41M |
YoY Change | 343.11% | 58.62% | 219.24% |
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Interest Expense
InterestExpense
|
2657000 | usd | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-21895000 | usd |
CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-190000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-26289000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-328000 | usd | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-45699000 | usd |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-17476000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-66953000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-35123000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-45699000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17476000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-66953000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35123000 | usd | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
19236000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1370000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
24339000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1713000 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-26463000 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-16106000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-42614000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-33410000 | usd | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
258257494 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
255142550 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
258257095 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
252884284 | shares | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
143882000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
681000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
2502000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-21254000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
5103000 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4959000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4562000 | usd | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
129564000 | usd |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
821000 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
2012000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1015000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
921000 | usd | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
129564000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
2457000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-45699000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
19236000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
105558000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
171705000 | usd |
CY2021Q1 | VBIV |
Stock Issued During Period Value Issued For Financing Transaction Net Of Financing Costs
StockIssuedDuringPeriodValueIssuedForFinancingTransactionNetOfFinancingCosts
|
21417000 | usd |
CY2021Q1 | VBIV |
Common Shares Value Issued Upon Exercise Of Warrants
CommonSharesValueIssuedUponExerciseOfWarrants
|
52000 | usd |
CY2021Q1 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
2000000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
2139000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17647000 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
|
-54000 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
397000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
180009000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
180009000 | usd |
CY2021Q2 | VBIV |
Stock Issued During Period Value Issued For Financing Transaction Net Of Financing Costs
StockIssuedDuringPeriodValueIssuedForFinancingTransactionNetOfFinancingCosts
|
861000 | usd |
CY2021Q2 | VBIV |
Common Shares Value Issued Upon Exercise Of Warrants
CommonSharesValueIssuedUponExerciseOfWarrants
|
29000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
2423000 | usd |
CY2021Q2 | VBIV |
Modification Of Warrants Previously Issued
ModificationOfWarrantsPreviouslyIssued
|
867000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17476000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
|
54000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
1316000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
168083000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-66953000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-35123000 | usd | |
VBIV |
Inventory Reserve
InventoryReserve
|
353000 | usd | |
VBIV |
Inventory Reserve
InventoryReserve
|
720000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-26337000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-278000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
134000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
15000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2225000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
563000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-653000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-73000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
917000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-1881000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
215000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
298000 | usd | |
VBIV |
Increase Decrease In Operating Right Of Use Assets
IncreaseDecreaseInOperatingRightOfUseAssets
|
668000 | usd | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
135027000 | usd |
VBIV |
Increase Decrease In Operating Right Of Use Assets
IncreaseDecreaseInOperatingRightOfUseAssets
|
-543000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1248000 | usd | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
62091000 | usd |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
905000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2097000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
41000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-175000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-2021000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
10459000 | usd | |
VBIV |
Operating Lease Proceeds And Payments
OperatingLeaseProceedsAndPayments
|
-674000 | usd | |
VBIV |
Operating Lease Proceeds And Payments
OperatingLeaseProceedsAndPayments
|
540000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-37375000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17362000 | usd | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
25151000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1592000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
960000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1592000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
24191000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
23030000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
743000 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
12000000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
22000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
81000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
34346000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-325000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
27000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-39280000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
41202000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
121694000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
93825000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
82414000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
811000 | usd | |
VBIV |
Adjustments For Prior Periods From Adoption
AdjustmentsForPriorPeriodsFromAdoption
|
681000 | usd | |
VBIV |
Warrants Modification In Connection With Debt Amendment
WarrantsModificationInConnectionWithDebtAmendment
|
867000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
4298000 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
2000000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
757000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
122000 | usd | |
VBIV |
Share Issuance Costs Included In Accounts Payable And Other Current Liabilities
ShareIssuanceCostsIncludedInAccountsPayableAndOtherCurrentLiabilities
|
67000 | usd | |
VBIV |
Share Issuance Costs Included In Accounts Payable And Other Current Liabilities
ShareIssuanceCostsIncludedInAccountsPayableAndOtherCurrentLiabilities
|
9000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80F_eus-gaap--NatureOfOperations_z67wpMlTiXl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_823_zzxLKZoiP7K6">NATURE OF BUSINESS AND CONTINUATION OF BUSINESS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Corporate Overview</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VBI Vaccines Inc. (the “Company” or “VBI”) was incorporated under the laws of British Columbia, Canada on <span id="xdx_90B_edei--EntityIncorporationDateOfIncorporation_c20220101__20220630_zcO5h29TMPUk" title="Entity incorporation, date of incorporation">April 9, 1965</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company and its wholly-owned subsidiaries, VBI Vaccines (Delaware) Inc., a Delaware corporation (“VBI DE”); VBI DE’s wholly-owned subsidiary, Variation Biotechnologies (US), Inc., a Delaware corporation (“VBI US”); Variation Biotechnologies, Inc. a Canadian company and the wholly-owned subsidiary of VBI US (“VBI Cda”); and SciVac Ltd. an Israeli company (“SciVac”); SciVac Hong Kong Limited (“SciVac HK”) and VBI Vaccines B.V a Netherlands company (“VBI BV”), are collectively referred to as the “Company”, “we”, “us”, “our”, or “VBI”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s registered office is located at Suite 1700, Park Place, 666 Burrard Street, Vancouver, BC V6C 2X8 with its principal office located at 160 Second Street, Floor 3, Cambridge, MA 02142. In addition, the Company has manufacturing facilities located in Rehovot, Israel and research facilities located in Ottawa, Ontario, Canada.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Principal Operations</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VBI Vaccines Inc. (“VBI”) is a commercial stage biopharmaceutical company driven by immunology in the pursuit of prevention and treatment of disease. Through its innovative approach to virus-like particles (“VLPs”), including a proprietary enveloped VLP (“eVLP”) platform technology, VBI develops vaccine candidates that mimic the natural presentation of viruses, designed to elicit the innate power of the human immune system. VBI is committed to targeting and overcoming significant infectious diseases, including hepatitis B (“HBV”), COVID-19 and coronaviruses, and cytomegalovirus (“CMV”), as well as aggressive cancers including glioblastoma (“GBM”). VBI is headquartered in Cambridge, Massachusetts, with research operations in Ottawa, Canada, and a research and manufacturing site in Rehovot, Israel.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The ongoing COVID-19 pandemic has materially negatively affected and continues to affect the global economy, and there is continued severe uncertainty about the duration and intensity of the impacts of the pandemic. As a result, the Company’s business and results of operations have also been adversely affected and could continue to be adversely affected by COVID-19 which has necessitated restricting the number of personnel in the Company’s research laboratories and manufacturing facility at any given point in time, and has slowed recruitment to clinical trials. The extent to which the COVID-19 pandemic will continue to impact our business will depend on future developments, which are highly uncertain and cannot be predicted. We do not yet know the full extent of potential delays or impacts on our business, our clinical studies, our research programs, the recoverability of our assets, and our manufacturing; however, the COVID-19 pandemic may continue to disrupt or delay our business operations, including with respect to efforts relating to potential business development transactions, and it could continue to disrupt the marketplace which could have an adverse effect on our operations. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Liquidity and Going Concern</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company faces a number of risks, including but not limited to, uncertainties regarding the success of the development and commercialization of its products, demand and market acceptance of the Company’s products, and reliance on major customers. The Company anticipates that it will continue to incur significant operating costs and losses in connection with the development and commercialization of its products.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company had an accumulated deficit of $<span id="xdx_904_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_pn3n3_di_c20220630_zBfqXDAM69Ok" title="Accumulated deficit">443,259</span> as of June 30, 2022 and cash outflows from operating activities of $<span id="xdx_90C_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iN_pn3n3_di_c20220101__20220630_zTLAeocUBXV5" title="Net cash provided by (used in) operating activities">37,375</span> for the six months ended June 30, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company will require significant additional funds to conduct clinical and non-clinical trials, commercially launch our products, and achieve regulatory approvals. Additional financing may be obtained from the issuance of equity securities, the issuance of additional debt, structured asset financings, government or non-governmental organization grants or subsidies, and/or revenues from potential business development transactions, if any. There is no assurance the Company will manage to obtain these sources of financing, if required. The above conditions raise substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 1, 2022, we received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“NASDAQ”) indicating that, based upon the closing bid price of our common shares for the 30 consecutive business day period between May 18, 2022 through June 30, 2022, we did not meet the minimum bid price of $<span id="xdx_90F_eus-gaap--SharePrice_iI_pid_c20220702__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--RangeAxis__srt--MinimumMember_zVi3BX6fBB78" title="Bid price">1.00</span> per share required for continued listing on The NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5550(a)(2). The letter also indicated that we will be provided with a compliance period of 180 calendar days, or until December 28, 2022 (the “Compliance Period”), in which to regain compliance pursuant to NASDAQ Listing Rule 5810(c)(3)(A).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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; text-align: justify; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In order to regain compliance with NASDAQ’s minimum bid price requirement, our common shares must maintain a minimum closing bid price of $<span id="xdx_904_eus-gaap--SharePrice_iI_pid_c20220702__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--RangeAxis__srt--MinimumMember_zfJNBjE7rt8g" title="Bid price">1.00</span> for a minimum of ten consecutive business days during the Compliance Period. In the event that we do not regain compliance by the end of the Compliance Period, we may be eligible for additional time to regain compliance. To qualify, we will be required to meet the continued listing requirement for the market value of our publicly held shares and all other initial listing standards for NASDAQ, with the exception of the bid price requirement, and will need to provide written notice of our intention to cure the deficiency during the second compliance period, by effecting a reverse stock split if necessary. If we meet these requirements, we may be granted an additional 180 calendar days to regain compliance. We have not regained compliance as of the date of this Form 10-Q, and if we fail to regain compliance during the Compliance Period or any subsequent grace period granted by NASDAQ, our common shares will be subject to delisting by NASDAQ, which could seriously decrease or eliminate the value of an investment in our common shares and result in significantly increased uncertainty as to the Company’s ability to raise additional capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments recognized in the condensed consolidated balance sheet consist of cash, accounts receivable, other current assets, accounts payable, and other current liabilities. The Company believes that the carrying value of its current financial instruments approximates their fair values due to the short-term nature of these instruments. The Company does not hold any derivative financial instruments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The carrying amounts of the Company’s other long-term assets approximate their respective fair values.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1965-04-09 | ||
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-443259000 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-37375000 | usd | |
CY2021Q4 | VBIV |
Deferred Funding Current
DeferredFundingCurrent
|
10183000 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
28441000 | usd |
CY2022Q2 | VBIV |
Other Current Liabilities
OtherCurrentLiabilities
|
1565000 | usd |
CY2021Q4 | VBIV |
Other Current Liabilities
OtherCurrentLiabilities
|
1463000 | usd |
CY2022Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
24380000 | usd |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
26941000 | usd |
CY2020Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
1.52 | |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
180000 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
911000 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
645000 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
2959000 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
1931000 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
4050000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
2576000 | usd |
CY2020Q2 | VBIV |
Intrinsic Value Of Beneficial Conversion Feature Recorded To Additional Paid In Capital
IntrinsicValueOfBeneficialConversionFeatureRecordedToAdditionalPaidInCapital
|
2577000 | usd |
CY2022Q2 | us-gaap |
Government Contract Receivable
GovernmentContractReceivable
|
2313000 | usd |
CY2021Q4 | us-gaap |
Government Contract Receivable
GovernmentContractReceivable
|
1438000 | usd |
CY2022Q2 | VBIV |
Other Current Assets
OtherCurrentAssets
|
2155000 | usd |
CY2021Q4 | VBIV |
Other Current Assets
OtherCurrentAssets
|
2195000 | usd |
CY2022Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4468000 | usd |
CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3633000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
62169000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-664000 | usd |
VBIV |
Finite Lived Intangible Assets Cumulative Impairment Charge
FiniteLivedIntangibleAssetsCumulativeImpairmentCharge
|
-300000 | usd | |
VBIV |
Finite Lived Intangible Assets Cumulative Currency Translation
FiniteLivedIntangibleAssetsCumulativeCurrencyTranslation
|
174000 | usd | |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
61379000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
62169000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-660000 | usd |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
32224000 | usd | |
CY2021 | VBIV |
Finite Lived Intangible Assets Cumulative Impairment Charge
FiniteLivedIntangibleAssetsCumulativeImpairmentCharge
|
-300000 | usd |
CY2021 | VBIV |
Finite Lived Intangible Assets Cumulative Currency Translation
FiniteLivedIntangibleAssetsCumulativeCurrencyTranslation
|
882000 | usd |
CY2022Q2 | VBIV |
Interest Income
InterestIncome
|
179000 | usd |
CY2022Q2 | us-gaap |
Goodwill Gross
GoodwillGross
|
8714000 | usd |
CY2022Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
6292000 | usd |
CY2022Q2 | VBIV |
Goodwill Cumulative Currency Translation
GoodwillCumulativeCurrencyTranslation
|
185000 | usd |
CY2022Q2 | VBIV |
Goodwill Net
GoodwillNet
|
2237000 | usd |
CY2021Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
8714000 | usd |
CY2021Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
6292000 | usd |
CY2021Q4 | VBIV |
Goodwill Cumulative Currency Translation
GoodwillCumulativeCurrencyTranslation
|
161000 | usd |
CY2021Q4 | VBIV |
Goodwill Net
GoodwillNet
|
2261000 | usd |
CY2022Q2 | VBIV |
Accrued Research And Development Expenses Current
AccruedResearchAndDevelopmentExpensesCurrent
|
7600000 | usd |
CY2021Q4 | VBIV |
Accrued Research And Development Expenses Current
AccruedResearchAndDevelopmentExpensesCurrent
|
8196000 | usd |
CY2022Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
4199000 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
2294000 | usd |
CY2022Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2377000 | usd |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4805000 | usd |
CY2022Q2 | VBIV |
Deferred Funding Current
DeferredFundingCurrent
|
8639000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
8780000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
21163000 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
26033127 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
20860479 | shares | |
CY2022Q2 | VBIV |
Long Term Debt Net
LongTermDebtNet
|
29943000 | usd |
CY2021Q4 | VBIV |
Long Term Debt Net
LongTermDebtNet
|
28441000 | usd |
CY2022Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
669000 | usd |
CY2021Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
481000 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1276000 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
870000 | usd | |
CY2022Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
411000 | usd |
CY2021Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
401000 | usd |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
821000 | usd | |
CY2018Q4 | VBIV |
Additional Potential Regulatory And Sales Milestone Payments
AdditionalPotentialRegulatoryAndSalesMilestonePayments
|
117500000 | usd |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2012000 | usd | |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
142000 | usd |
CY2021Q2 | VBIV |
Interest Income
InterestIncome
|
37000 | usd |
VBIV |
Interest Income
InterestIncome
|
256000 | usd | |
VBIV |
Interest Income
InterestIncome
|
225000 | usd | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
901000 | usd |
CY2021Q2 | us-gaap |
Interest Expense
InterestExpense
|
845000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
1841000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
2657000 | usd | |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
19492000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
12732000 | usd |
CY2022Q2 | VBIV |
Long Term Debt1
LongTermDebt1
|
32224000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
472000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
443000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.9317 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.9713 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0171 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0054 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y9M29D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y10M6D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.15 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.40 | ||
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2457000 | usd |
CY2021Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2423000 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4959000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4562000 | usd | |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
346000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
451000 | usd |
CY2022Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2742000 | usd |
CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
3104000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2803000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
38000 | usd | |
VBIV |
Contract With Customer Liability Currency Translation
ContractWithCustomerLiabilityCurrencyTranslation
|
23000 | usd | |
CY2022Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2742000 | usd |
CY2022Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
864000 | usd |
CY2022Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1878000 | usd |
VBIV |
Description Of Vaccine Development
DescriptionOfVaccineDevelopment
|
On March 9, 2021, the Company and CEPI announced the CEPI Funding Agreement, to develop eVLP vaccine candidates against SARS-COV-2 variants, including the Beta variant, also known as the B.1.351 variant and as 501Y.V2, first identified in South Africa. CEPI agreed to provide up to $33,018 to support the advancement of VBI-2905, a monovalent eVLP candidate expressing the pre-fusion form of the spike protein from the Beta variant strain, through Phase I clinical development. This funding will also support preclinical expansion of additional multivalent vaccine candidates designed to evaluate the potential breadth of our eVLP technology. The preclinical expansion is intended to develop clinic-ready vaccine candidates capable of addressing emerging variants. | ||
VBIV |
Funding Received
FundingReceived
|
19327000 | usd | |
CY2022Q2 | VBIV |
Deferred Funding Current
DeferredFundingCurrent
|
8639000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
895000 | usd | |
CY2021Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
340000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
683000 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y2M23D | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.12 | pure |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
648000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1176000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1064000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
575000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
574000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
169000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
4206000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
808000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3398000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
891000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2507000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
346000 | usd |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
142000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
472000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
443000 | usd |