2019 Form 10-K Financial Statement
#000086389419000014 Filed on December 12, 2019
Income Statement
Concept | 2019 | 2018 Q3 | 2018 |
---|---|---|---|
Revenue | $31.80M | $5.200M | $15.86M |
YoY Change | 100.47% | 40.92% | 16.18% |
Cost Of Revenue | $10.15M | $2.010M | $7.092M |
YoY Change | 43.07% | 5.79% | 6.87% |
Gross Profit | $21.66M | $3.190M | $8.783M |
YoY Change | 146.59% | 78.21% | 25.12% |
Gross Profit Margin | 68.1% | 61.35% | 55.36% |
Selling, General & Admin | $14.35M | $3.940M | $14.81M |
YoY Change | -3.1% | 82.41% | 28.74% |
% of Gross Profit | 66.26% | 123.51% | 168.6% |
Research & Development | $13.74M | $3.030M | $10.85M |
YoY Change | 26.66% | 106.12% | 252.72% |
% of Gross Profit | 63.46% | 94.98% | 123.55% |
Depreciation & Amortization | $470.0K | $120.0K | $176.8K |
YoY Change | 165.86% | 20.0% | -47.07% |
% of Gross Profit | 2.17% | 3.76% | 2.01% |
Operating Expenses | $28.09M | $6.970M | $29.64M |
YoY Change | -5.24% | 92.01% | 91.09% |
Operating Profit | -$6.436M | -$3.780M | -$20.87M |
YoY Change | -69.17% | 105.43% | 145.73% |
Interest Expense | $4.706M | $60.00K | $2.951M |
YoY Change | 59.5% | -300.0% | -2782.27% |
% of Operating Profit | |||
Other Income/Expense, Net | -$5.885M | $0.00 | -$2.200M |
YoY Change | 167.53% | -100.0% | 1929.82% |
Pretax Income | -$12.32M | -$3.710M | -$23.07M |
YoY Change | -46.6% | 32.03% | 168.2% |
Income Tax | -$303.9K | $4.210M | $866.1K |
% Of Pretax Income | |||
Net Earnings | -$12.02M | -$7.920M | -$23.94M |
YoY Change | -49.8% | 195.52% | 262.04% |
Net Earnings / Revenue | -37.79% | -152.31% | -150.89% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$189.8K | -$143.6K | -$444.5K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 | 2018 Q3 | 2018 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.300M | $3.800M | $3.760M |
YoY Change | 67.55% | 15.15% | 14.63% |
Cash & Equivalents | $3.760M | ||
Short-Term Investments | |||
Other Short-Term Assets | $1.840M | $1.100M | $1.150M |
YoY Change | 60.0% | 57.14% | 64.29% |
Inventory | $3.650M | $2.302M | $2.300M |
Prepaid Expenses | |||
Receivables | $5.070M | $3.973M | $3.970M |
Other Receivables | -$50.00K | $0.00 | $0.00 |
Total Short-Term Assets | $16.81M | $11.18M | $11.18M |
YoY Change | 50.36% | 8.59% | 8.54% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $350.0K | $404.6K | $400.0K |
YoY Change | -12.5% | -27.18% | -28.57% |
Goodwill | $6.879M | ||
YoY Change | 0.0% | ||
Intangibles | $20.48M | ||
YoY Change | -1.33% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $9.420M | $965.2K | $9.510M |
YoY Change | -0.95% | 417.7% | 5.9% |
Total Long-Term Assets | $36.82M | $37.27M | $37.27M |
YoY Change | -1.21% | -17.25% | -17.2% |
TOTAL ASSETS | |||
Total Short-Term Assets | $16.81M | $11.18M | $11.18M |
Total Long-Term Assets | $36.82M | $37.27M | $37.27M |
Total Assets | $53.63M | $48.45M | $48.45M |
YoY Change | 10.69% | -12.44% | -12.4% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.120M | $3.226M | $3.230M |
YoY Change | -3.41% | 20.12% | 20.07% |
Accrued Expenses | $5.510M | $3.400M | $3.430M |
YoY Change | 60.64% | 88.89% | 91.62% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $5.390M | $6.700M | $6.690M |
YoY Change | -19.43% | ||
Total Short-Term Liabilities | $14.02M | $13.55M | $13.55M |
YoY Change | 3.47% | 146.97% | 146.81% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $6.730M | $1.754M | $4.460M |
YoY Change | 50.9% | ||
Other Long-Term Liabilities | $250.0K | $30.00K | $120.0K |
YoY Change | 108.33% | -97.86% | -91.24% |
Total Long-Term Liabilities | $6.980M | $1.784M | $4.580M |
YoY Change | 52.4% | 27.41% | 234.31% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $14.02M | $13.55M | $13.55M |
Total Long-Term Liabilities | $6.980M | $1.784M | $4.580M |
Total Liabilities | $21.30M | $18.97M | $18.97M |
YoY Change | 12.28% | 175.62% | 176.93% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$58.20M | ||
YoY Change | 69.87% | ||
Common Stock | $574.7K | ||
YoY Change | 3.75% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $7.807M | ||
YoY Change | 0.0% | ||
Treasury Stock Shares | $2.184M | ||
Shareholders Equity | $32.33M | $29.48M | $29.48M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $53.63M | $48.45M | $48.45M |
YoY Change | 10.69% | -12.44% | -12.4% |
Cashflow Statement
Concept | 2019 | 2018 Q3 | 2018 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$12.02M | -$7.920M | -$23.94M |
YoY Change | -49.8% | 195.52% | 262.04% |
Depreciation, Depletion And Amortization | $470.0K | $120.0K | $176.8K |
YoY Change | 165.86% | 20.0% | -47.07% |
Cash From Operating Activities | -$5.485M | -$2.820M | -$11.55M |
YoY Change | -52.49% | -594.74% | -1274.72% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $108.5K | $0.00 | $50.65K |
YoY Change | 114.23% | -100.0% | -62.05% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Cash From Investing Activities | -$108.5K | $0.00 | -$50.65K |
YoY Change | 114.23% | -100.0% | -43.95% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $3.600M | $3.000M | |
YoY Change | 20.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 8.129M | 1.000M | 12.08M |
YoY Change | -32.7% | ||
NET CHANGE | |||
Cash From Operating Activities | -5.485M | -2.820M | -11.55M |
Cash From Investing Activities | -108.5K | 0.000 | -50.65K |
Cash From Financing Activities | 8.129M | 1.000M | 12.08M |
Net Change In Cash | 2.536M | -1.820M | 481.9K |
YoY Change | 426.17% | -403.33% | -46.01% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.485M | -$2.820M | -$11.55M |
Capital Expenditures | $108.5K | $0.00 | $50.65K |
Free Cash Flow | -$5.594M | -$2.820M | -$11.60M |
YoY Change | -51.77% | -586.21% | -1465.3% |
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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Arial Narrow;font-size: 10pt"> <font style="display: inline;font-family:Times New Roman;font-size:10pt;text-decoration:underline;">Cash and cash equivalents and concentration</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">: Cash and cash equivalents, which primarily consist of cash on deposit with financial institutions and highly liquid money market funds, are recorded in the consolidated balance sheets at cost, which approximates fair value. The Company treats short-term, highly liquid funds that are readily convertible to known amounts of cash and have original maturities of three months or less as cash equivalents. The Company’s cash is maintained primarily in </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">three</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> financial institutions, located in Chicago, Illinois; London, England; and Kuala Lumpur, Malaysia.</font> </p> <p><font size="1"> </font></p> </div> </div> | |
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CY2019Q3 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | |
CY2018 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
222223 | |
CY2019 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
303582 | |
CY2018 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
0 | |
CY2019 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
0 | |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
866102 | |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-303933 | |
CY2018 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
|
3319000 | |
CY2018 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
-893000 | |
CY2019 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
1199000 | |
CY2017Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
||
CY2018Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
2426000 | |
CY2019Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
3625000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
422271 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
731505 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
576440 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
316368 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
281603 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
339062 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
331316 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
323706 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2900000 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2900000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2477729 | |
CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2168495 | |
CY2018 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-126928 | |
CY2019 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-73640 | |
CY2018 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
893000 | |
CY2019 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-1199000 | |
CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-23072287 | |
CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-12321299 | |
CY2018 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
5487078 | |
CY2018 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-5820180 | |
CY2019 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-2587472 | |
CY2018 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
14856 | |
CY2019 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
8171 | |
CY2018 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
265330 | |
CY2019 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
51490 | |
CY2018 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-1148308 | |
CY2019 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-200385 | |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
495971 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-56938 | |
CY2018 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1874555 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1351709 | |
CY2018 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1346450 | |
CY2019 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
2190546 | |
CY2018 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-487068 | |
CY2019 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-187159 | |
CY2018 | us-gaap |
Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
893000 | |
CY2019 | us-gaap |
Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
-1199000 | |
CY2018 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-375038 | |
CY2019 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1454483 | |
CY2018 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
65570 | |
CY2019 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
704306 | |
CY2018Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
20900000 | |
CY2019Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
20900000 | |
CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
20477729 | |
CY2019Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
20168495 | |
CY2018 | us-gaap |
Interest Expense
InterestExpense
|
2950501 | |
CY2019 | us-gaap |
Interest Expense
InterestExpense
|
4706056 | |
CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
-76256 | |
CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
133872 | |
CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
235083 | |
CY2018 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
90856 | |
CY2019 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
109107 | |
CY2019Q3 | us-gaap |
Liabilities
Liabilities
|
21295634 | |
CY2019Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
53628770 | |
CY2019 | us-gaap |
Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
|
0 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12078752 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
8129367 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-50654 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-108517 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11546191 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5485207 | |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-23938389 | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12017366 | |
CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2199880 | |
CY2019 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5885405 | |
CY2019Q3 | us-gaap |
Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
|
150 | |
CY2019 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
29644948 | |
CY2019 | us-gaap |
Operating Expenses
OperatingExpenses
|
28092716 | |
CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-20872407 | |
CY2019 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6435894 | |
CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
579186 | |
CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
275249 | |
CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
11238 | |
CY2019 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
1906098 | |
CY2019Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
247154 | |
CY2018 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-2950501 | |
CY2019 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-4706056 | |
CY2018 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-15451 | |
CY2019 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
93291 | |
CY2018 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-2756 | |
CY2019 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
142590 | |
CY2018 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
266923 | |
CY2018 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
77840 | |
CY2018 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
50654 | |
CY2019 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
108517 | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2019Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2019Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2019Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2019 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Reclassifications:</font><font style="display: inline;"> </font><font style="display: inline;"> Certain prior period amounts in the accompanying consolidated financial statements have been reclassified to conform with the current period presentation. </font><font style="display: inline;">These reclassifications had no effect on </font><font style="display: inline;color:#000000;">the results of operations or financial position for any period presented.</font> </p> <p><font size="1"> </font></p> </div> </div> | |
CY2019 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
9400000 | |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3000000 | |
CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3600000 | |
CY2018 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
10000000 | |
CY2018 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
66000 | |
CY2019 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
333000 | |
CY2019 | veru |
Number Of Primary Financial Institutions Where Cash Is Maintained
NumberOfPrimaryFinancialInstitutionsWhereCashIsMaintained
|
3 | |
CY2018Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4305970 | |
CY2019Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3810761 | |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
404552 | |
CY2019Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
351895 | |
CY2018 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3986518 | |
CY2018 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
642485 | |
CY2019 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
4935600 | |
CY2018 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10850958 | |
CY2019 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
13743826 | |
CY2018Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
135000 | |
CY2019Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-70219017 | |
CY2018 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
15864483 | |
CY2019 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
31803387 | |
CY2018 | us-gaap |
Revenues
Revenues
|
15864483 | |
CY2019 | us-gaap |
Revenues
Revenues
|
31803387 | |
CY2018 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
14807472 | |
CY2019 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
14348890 | |
CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1638505 | |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1906098 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
44000 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
274000 | |
CY2018Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.40 | |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
48453205 | |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
29481418 | |
CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
32333136 | |
CY2018Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
7142857 | |
CY2018 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
347081 | |
CY2018Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9100000 | |
CY2019 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9131967 | |
CY2018 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
1638505 | |
CY2018 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
66000 | |
CY2019 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
333000 | |
CY2018Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2183704 | |
CY2019Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2183704 | |
CY2019Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
7806605 | |
CY2018Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2019Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2019 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Use of estimates:</font><font style="display: inline;"> The preparation of financial statements in conformity with </font><font style="display: inline;color:#000000;">accounting principles generally accepted in the United States (“U.S. GAAP”)</font><font style="display: inline;"> requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</font> </p> <p><font size="1"> </font></p> </div> </div> | |
CY2018 | us-gaap |
Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
|
5500000 | |
CY2019 | us-gaap |
Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
|
2200000 | |
CY2018 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
53861981 | |
CY2019 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
63323127 | |
CY2018 | veru |
Allowance For Doubtful Accounts Receivable Net Write Offs And Recoveries
AllowanceForDoubtfulAccountsReceivableNetWriteOffsAndRecoveries
|
17960 | |
CY2019 | veru |
Allowance For Doubtful Accounts Receivable Net Write Offs And Recoveries
AllowanceForDoubtfulAccountsReceivableNetWriteOffsAndRecoveries
|
3058 | |
CY2018Q3 | veru |
Allowance For Sales And Payment Term Discounts
AllowanceForSalesAndPaymentTermDiscounts
|
37900 | |
CY2019Q3 | veru |
Allowance For Sales And Payment Term Discounts
AllowanceForSalesAndPaymentTermDiscounts
|
49623 | |
CY2018 | veru |
Amortization Of Deferred Stock Issuance Costs
AmortizationOfDeferredStockIssuanceCosts
|
84984 | |
CY2019 | veru |
Amortization Of Deferred Stock Issuance Costs
AmortizationOfDeferredStockIssuanceCosts
|
101981 | |
CY2019 | veru |
Common Stock Voting Rights Per Share
CommonStockVotingRightsPerShare
|
1 | |
CY2018Q3 | veru |
Deferred Tax Assets Foreign Capital Allowance
DeferredTaxAssetsForeignCapitalAllowance
|
102098 | |
CY2019Q3 | veru |
Deferred Tax Assets Foreign Capital Allowance
DeferredTaxAssetsForeignCapitalAllowance
|
103400 | |
CY2018Q3 | veru |
Deferred Tax Liabilities Developed Technology
DeferredTaxLiabilitiesDevelopedTechnology
|
549318 | |
CY2019Q3 | veru |
Deferred Tax Liabilities Developed Technology
DeferredTaxLiabilitiesDevelopedTechnology
|
424657 | |
CY2019Q3 | veru |
Deferred Tax Liabilities Foreign Other
DeferredTaxLiabilitiesForeignOther
|
3865 | |
CY2018Q3 | veru |
Deferred Tax Liabilities In Process R And D
DeferredTaxLiabilitiesInProcessRAndD
|
4675860 | |
CY2019Q3 | veru |
Deferred Tax Liabilities In Process R And D
DeferredTaxLiabilitiesInProcessRAndD
|
4072740 | |
CY2018 | veru |
Depreciation And Other Amortization
DepreciationAndOtherAmortization
|
176786 | |
CY2019 | veru |
Depreciation And Other Amortization
DepreciationAndOtherAmortization
|
162187 | |
CY2018 | veru |
Income Tax Reconciliation Effect Of Deemed Dividend And Repatriation Tax
IncomeTaxReconciliationEffectOfDeemedDividendAndRepatriationTax
|
402760 | |
CY2019 | veru |
Income Tax Reconciliation Effect Of Deemed Dividend And Repatriation Tax
IncomeTaxReconciliationEffectOfDeemedDividendAndRepatriationTax
|
99514 | |
CY2018 | veru |
Income Tax Reconciliation Recharacterization Of Foreign Income Tax Credits
IncomeTaxReconciliationRecharacterizationOfForeignIncomeTaxCredits
|
1311429 | |
CY2019Q3 | veru |
Number Of Countries In Which Entity Marketed Directly To Consumers
NumberOfCountriesInWhichEntityMarketedDirectlyToConsumers
|
25 | |
CY2019 | veru |
Payments Of Stock Issuance Costs For Initial Public Offering
PaymentsOfStockIssuanceCostsForInitialPublicOffering
|
268033 | |
CY2019Q3 | veru |
Product Liability Insurance Coverage Amount
ProductLiabilityInsuranceCoverageAmount
|
10000000 | |
CY2018 | veru |
Provision Charges To Expenses
ProvisionChargesToExpenses
|
16058 | |
CY2019 | veru |
Provision Charges To Expenses
ProvisionChargesToExpenses
|
||
CY2018 | veru |
Shares Issued In Connection With Common Stock Purchase
SharesIssuedInConnectionWithCommonStockPurchase
|
347081 | |
CY2018 | veru |
Stock Issuance Costs Incurred
StockIssuanceCostsIncurred
|
190000 | |
CY2018 | veru |
Stock Issued During Period Value Common Stock Purchase Agreement
StockIssuedDuringPeriodValueCommonStockPurchaseAgreement
|
3000000 | |
CY2019 | veru |
Stock Issued During Period Value Common Stock Purchase Agreement
StockIssuedDuringPeriodValueCommonStockPurchaseAgreement
|
3600000 | |
CY2018 | veru |
Total Lease Cost Including Real Estate Taxes Common Area Maintenance And Insurance Charges Net
TotalLeaseCostIncludingRealEstateTaxesCommonAreaMaintenanceAndInsuranceChargesNet
|
717000 | |
CY2019 | veru |
Total Lease Cost Including Real Estate Taxes Common Area Maintenance And Insurance Charges Net
TotalLeaseCostIncludingRealEstateTaxesCommonAreaMaintenanceAndInsuranceChargesNet
|
683000 |