2024 Q1 Form 10-K Financial Statement
#000095017024036158 Filed on March 26, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $7.089M | $7.075M | $27.93M |
YoY Change | 2.13% | 5.88% | 30.28% |
% of Gross Profit | |||
Research & Development | $14.33M | $16.78M | $60.93M |
YoY Change | 3.56% | 37.66% | 28.43% |
% of Gross Profit | |||
Depreciation & Amortization | $113.0K | $109.0K | $399.0K |
YoY Change | 85.25% | 419.05% | 600.0% |
% of Gross Profit | |||
Operating Expenses | $21.42M | $23.86M | $88.87M |
YoY Change | 3.08% | 26.41% | 29.01% |
Operating Profit | -$21.42M | -$88.87M | |
YoY Change | 3.08% | 29.01% | |
Interest Expense | $1.477M | $1.681M | $6.241M |
YoY Change | 49.95% | 294.6% | 901.77% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.475M | $2.000K | -$13.00K |
YoY Change | 50.51% | -122.22% | -102.25% |
Pretax Income | -$19.94M | -$22.17M | -$82.64M |
YoY Change | 0.73% | 20.15% | 20.98% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$19.94M | -$22.17M | -$82.64M |
YoY Change | 0.73% | 20.15% | 20.98% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.50 | -$2.13 | |
Diluted Earnings Per Share | -$0.50 | -$0.57 | -$2.14 |
COMMON SHARES | |||
Basic Shares Outstanding | 36.88M | 35.88M | 38.71M |
Diluted Shares Outstanding | 39.86M | 38.71M |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $101.6M | $117.9M | $117.9M |
YoY Change | -38.2% | -36.8% | -36.8% |
Cash & Equivalents | $51.76M | $51.99M | $51.99M |
Short-Term Investments | $49.88M | $65.95M | $65.95M |
Other Short-Term Assets | $910.0K | $3.967M | $3.967M |
YoY Change | -33.04% | 531.69% | -64.58% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $106.5M | $121.9M | $121.9M |
YoY Change | -38.13% | -38.37% | -38.37% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.637M | $17.94M | $17.94M |
YoY Change | -14.47% | 1415.29% | 1186.09% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $126.0K | $1.010M | $1.010M |
YoY Change | -86.41% | 279.7% | -15.34% |
Total Long-Term Assets | $18.54M | $18.95M | $18.95M |
YoY Change | -7.99% | 632.26% | 632.26% |
TOTAL ASSETS | |||
Total Short-Term Assets | $106.5M | $121.9M | $121.9M |
Total Long-Term Assets | $18.54M | $18.95M | $18.95M |
Total Assets | $125.1M | $140.9M | $140.9M |
YoY Change | -34.98% | -29.71% | -29.71% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.491M | $1.946M | $1.946M |
YoY Change | -31.16% | 0.21% | 0.21% |
Accrued Expenses | $7.112M | $9.715M | $9.715M |
YoY Change | 36.43% | 3.94% | 3.94% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Short-Term Liabilities | $8.603M | $11.66M | $11.66M |
YoY Change | 16.4% | 3.09% | 3.09% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $12.69M | $12.95M | $12.95M |
YoY Change | -6.87% | ||
Total Long-Term Liabilities | $12.69M | $12.95M | $12.95M |
YoY Change | -6.87% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $8.603M | $11.66M | $11.66M |
Total Long-Term Liabilities | $12.69M | $12.95M | $12.95M |
Total Liabilities | $21.30M | $24.61M | $24.61M |
YoY Change | 1.31% | 117.52% | 117.52% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$242.7M | -$222.8M | |
YoY Change | 51.78% | 59.03% | |
Common Stock | $346.5M | $339.0M | |
YoY Change | 4.64% | 2.98% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $103.8M | $116.3M | $116.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $125.1M | $140.9M | $140.9M |
YoY Change | -34.98% | -29.71% | -29.71% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$19.94M | -$22.17M | -$82.64M |
YoY Change | 0.73% | 20.15% | 20.98% |
Depreciation, Depletion And Amortization | $113.0K | $109.0K | $399.0K |
YoY Change | 85.25% | 419.05% | 600.0% |
Cash From Operating Activities | -$21.88M | -$15.51M | -$70.36M |
YoY Change | -1.37% | -9.21% | 8.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $14.00K | $674.0K |
YoY Change | -100.0% | -94.85% | -26.82% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $16.47M | $10.67M | -$64.46M |
YoY Change | -124.03% | ||
Cash From Investing Activities | $16.47M | $10.65M | -$65.14M |
YoY Change | -123.86% | -4016.18% | 6972.53% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $911.0K | ||
YoY Change | -98.2% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 5.184M | 48.00K | 888.0K |
YoY Change | 2453.69% | -52.48% | -99.45% |
NET CHANGE | |||
Cash From Operating Activities | -21.88M | -15.51M | -70.36M |
Cash From Investing Activities | 16.47M | 10.65M | -65.14M |
Cash From Financing Activities | 5.184M | 48.00K | 888.0K |
Net Change In Cash | -231.0K | -4.813M | -134.6M |
YoY Change | -99.75% | -72.11% | -241.42% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$21.88M | -$15.51M | -$70.36M |
Capital Expenditures | $0.00 | $14.00K | $674.0K |
Free Cash Flow | -$21.88M | -$15.53M | -$71.04M |
YoY Change | -3.51% | -10.55% | 7.52% |
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StockholdersEquity
|
189081000 | |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
911000 | |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8903000 | |
CY2023 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
-5000 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-82638000 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
116252000 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-82638000 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-68305000 | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8903000 | |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5477000 | |
CY2023 | vigl |
Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
|
1364000 | |
CY2022 | vigl |
Non Cash Operating Lease Expense
NonCashOperatingLeaseExpense
|
932000 | |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
399000 | |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
78000 | |
CY2023 | vigl |
Amortization Of Premium Discount On Marketable Securities
AmortizationOfPremiumDiscountOnMarketableSecurities
|
-1481000 | |
CY2023 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
8000 | |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4183000 | |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3680000 | |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
83000 | |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
259000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5000 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2478000 | |
CY2023 | vigl |
Increase Decrease In Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities
|
-384000 | |
CY2022 | vigl |
Increase Decrease In Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities
|
3995000 | |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-623000 | |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-909000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-70363000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-65149000 | |
CY2023 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
147468000 | |
CY2023 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
83004000 | |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
674000 | |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
921000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-65138000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-921000 | |
CY2022 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
89872000 | |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
50594000 | |
CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
20678000 | |
CY2023 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
23000 | |
CY2022 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
43000 | |
CY2023 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
911000 | |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
154000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
888000 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
161255000 | |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-134613000 | |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
95185000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
187532000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
92347000 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
52919000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
187532000 | |
CY2022 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
161939000 | |
CY2022 | vigl |
Deferred Offering Costs Paid In The Prior Year
DeferredOfferingCostsPaidInThePriorYear
|
1887000 | |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
14319000 | |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
192000 | |
CY2023 | vigl |
Prepaid Rent Reclassified To Right Of Use Assets
PrepaidRentReclassifiedToRightOfUseAssets
|
2887000 | |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
116000 | |
CY2023Q4 | vigl |
Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
|
117900000 | |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-222800000 | |
CY2022Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
88000000 | |
CY2023Q1 | vigl |
Maximum Stock Value To Be Issued Under Agreement
MaximumStockValueToBeIssuedUnderAgreement
|
100000000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1184000 | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-left:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with GAAP 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 consolidated financial statements, and the reported amounts of expenses during the reporting periods. Significant estimates and assumptions reflected in these consolidated financial statements include, but are not limited to, research and development expenses and related prepaid or accrued costs and stock-based compensation. The Company bases its estimates on historical experience, known trends and other market-specific or relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates as there are changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results may differ from those estimates or assumptions.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p> | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
51992000 | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
186605000 | |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
927000 | |
CY2022Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
927000 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
52919000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
187532000 | |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
0 | |
CY2022Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
0 | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-left:4.533%;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk and Off-Balance Sheet Risk</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company maintains its cash and cash equivalents with high quality, accredited financial institutions and, accordingly, such funds are subject to minimal credit risk. The Company has no significant off-balance sheet concentrations of credit risk, such as foreign currency exchange contracts, option contracts or other hedging arrangements.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company is dependent on third-party organizations to manufacture and process its therapeutic candidates for its development programs. In particular, the Company relies on a single third-party contract manufacturer, Fujifilm Diosynth Biotechnologies U.S.A., Inc. and Fujifilm Diosynth Biotechnologies Texas, LLC (collectively, “FUJIFILM”), to produce clinical supply and process its current product candidate, VGL101 ("iluzanebart"). The Company expects to continue to be dependent on a small number of manufacturers to supply it with its requirements for all products. The Company’s research and development programs, including any associated potential commercialization efforts, could be adversely affected by a significant interruption in the supply of the necessary materials.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company is dependent on a limited number of third parties that provide license rights used by the Company in the development and potential commercialization of its therapeutic candidates and programs. From inception through December 31, 2023, the Company’s research and development programs primarily relate to rights conveyed by Amgen, Inc. (“Amgen”) (see Note 12). The Company could experience delays in the development and potential commercialization of its therapeutic candidates and programs if the Amgen license arrangement or any other license agreement utilized in the Company’s research and development activities is terminated, if the Company fails to meet the obligations required under its arrangements, or if the Company is unable to successfully secure new strategic alliances or licensing agreements.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p> | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2195000 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1256000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
450000 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
72000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1745000 | |
CY2023 | us-gaap |
Depreciation
Depreciation
|
378000 | |
CY2022 | us-gaap |
Depreciation
Depreciation
|
57000 | |
CY2023Q4 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
65953000 | |
CY2023Q4 | vigl |
Investment Unrealized Gain
InvestmentUnrealizedGain
|
36000 | |
CY2023Q4 | vigl |
Investment Unrealized Losses
InvestmentUnrealizedLosses
|
41000 | |
CY2023Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
65948000 | |
CY2023Q4 | vigl |
Number Of Securities
NumberOfSecurities
|
27 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
14 | |
CY2023 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
|
0 | |
CY2023Q4 | vigl |
Prepaid Research And Development Expense Current
PrepaidResearchAndDevelopmentExpenseCurrent
|
1563000 | |
CY2022Q4 | vigl |
Prepaid Research And Development Expense Current
PrepaidResearchAndDevelopmentExpenseCurrent
|
6670000 | |
CY2022Q4 | vigl |
Construction Related Prepaid Assets Current
ConstructionRelatedPrepaidAssetsCurrent
|
3769000 | |
CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
1137000 | |
CY2022Q4 | us-gaap |
Other Receivables
OtherReceivables
|
15000 | |
CY2023Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
348000 | |
CY2023Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
122000 | |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
133000 | |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
797000 | |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
613000 | |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3967000 | |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
11200000 | |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5477000 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4208000 | |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3512000 | |
CY2023Q4 | vigl |
Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
|
3278000 | |
CY2022Q4 | vigl |
Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
|
2894000 | |
CY2022Q4 | us-gaap |
Construction Payable Current
ConstructionPayableCurrent
|
1416000 | |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1000000 | |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
986000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
324000 | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
386000 | |
CY2023Q4 | vigl |
Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
|
8810000 | |
CY2022Q4 | vigl |
Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
|
9194000 | |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8900000 | |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5500000 | |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8903000 | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6233291 | |
CY2023 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Each share of common stock entitles the holder to one vote for each share of common stock held. | |
CY2023 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
0 | |
CY2022 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
0 | |
CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | |
CY2022Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
10922405 | |
CY2022Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
9390736 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-82638000 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-68305000 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38712207 | |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
38712207 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
31685125 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
31685125 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.13 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.13 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.16 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.16 | |
CY2023 | vigl |
Pre Funded Warrants Remaining Unfunded Exercise Price
PreFundedWarrantsRemainingUnfundedExercisePrice
|
0.0001 | |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4523824 | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.062 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.061 | |
CY2023 | vigl |
Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
|
-0.006 | |
CY2022 | vigl |
Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
|
-0.005 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
0.058 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
0.047 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.324 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.313 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
26310000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
18648000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
9582000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
4786000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
4977000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
5406000 | |
CY2023Q4 | vigl |
Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
|
79000 | |
CY2022Q4 | vigl |
Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
|
85000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
7622000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
2276000 | |
CY2023Q4 | vigl |
Deferred Tax Assets Capitalized Research And Development Expenses
DeferredTaxAssetsCapitalizedResearchAndDevelopmentExpenses
|
24283000 | |
CY2022Q4 | vigl |
Deferred Tax Assets Capitalized Research And Development Expenses
DeferredTaxAssetsCapitalizedResearchAndDevelopmentExpenses
|
11048000 | |
CY2023Q4 | vigl |
Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
|
657000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
73510000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
42249000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
69087000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
42176000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
4423000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
73000 | |
CY2022Q4 | vigl |
Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
|
15000 | |
CY2023Q4 | vigl |
Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
|
4423000 | |
CY2022Q4 | vigl |
Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
|
58000 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
69100000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1910000 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
42200000 | |
CY2023 | vigl |
Cumulative Change In Ownership Percentage
CumulativeChangeInOwnershipPercentage
|
0.50 | |
CY2023 | vigl |
Period For Cumulative Change In Ownership
PeriodForCumulativeChangeInOwnership
|
P3Y | |
CY2023 | vigl |
Research And Development Credit Carryforwards Expiration Start Year
ResearchAndDevelopmentCreditCarryforwardsExpirationStartYear
|
2040 | |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
26900000 | |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
21400000 | |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
0 | |
CY2023 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | |
CY2023Q4 | vigl |
Pending Tax Examinations
PendingTaxExaminations
|
0 | |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
14300000 | |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
17300000 | |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2400000 | |
CY2023 | us-gaap |
Variable Lease Payment
VariableLeasePayment
|
800000 | |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2435000 | |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
960000 | |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
38000 | |
CY2023 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
755000 | |
CY2022 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
67000 | |
CY2023 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
21000 | |
CY2022 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
21000 | |
CY2022 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
2000 | |
CY2023 | vigl |
Finance Lease Cost
FinanceLeaseCost
|
21000 | |
CY2022 | vigl |
Finance Lease Cost
FinanceLeaseCost
|
23000 | |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1707000 | |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
937000 | |
CY2022 | vigl |
Operating Lease Payment From Finace Lease
OperatingLeasePaymentFromFinaceLease
|
2000 | |
CY2023 | vigl |
Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
|
23000 | |
CY2022 | vigl |
Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
|
43000 | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P8Y10M24D | |
CY2023Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0757 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1968000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2027000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2088000 | |
CY2023Q4 | vigl |
Lessee Operating Lease Liability Payments Due Year Five And Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndThereafter
|
11269000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
19262000 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
5412000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
13850000 | |
CY2022 | vigl |
Number Of Pending Material Litigation Or Other Material Legal Proceedings
NumberOfPendingMaterialLitigationOrOtherMaterialLegalProceedings
|
0 | |
CY2021 | vigl |
Number Of Pending Material Litigation Or Other Material Legal Proceedings
NumberOfPendingMaterialLitigationOrOtherMaterialLegalProceedings
|
0 | |
CY2023 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
500000 | |
CY2022 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
300000 |