2016 Q4 Form 10-Q Financial Statement
#000156459016028979 Filed on November 10, 2016
Income Statement
Concept | 2016 Q4 | 2015 Q3 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $1.090M | $1.780M |
YoY Change | -22.14% | 394.44% |
% of Gross Profit | ||
Research & Development | $2.650M | $2.508M |
YoY Change | -17.7% | 217.41% |
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $3.740M | $4.288M |
YoY Change | -19.05% | 272.89% |
Operating Profit | -$4.288M | |
YoY Change | ||
Interest Expense | -$530.0K | -$10.31K |
YoY Change | 112.0% | -58.81% |
% of Operating Profit | ||
Other Income/Expense, Net | $620.0K | -$448.3K |
YoY Change | -381.82% | -150.53% |
Pretax Income | -$3.640M | -$4.740M |
YoY Change | -28.49% | 1723.08% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$3.640M | -$4.737M |
YoY Change | -28.49% | 1709.22% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$182.4K | -$529.6K |
COMMON SHARES | ||
Basic Shares Outstanding | 20.17M | 9.783M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q4 | 2015 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $13.20M | $17.50M |
YoY Change | -6.38% | |
Cash & Equivalents | $3.076M | $2.140M |
Short-Term Investments | $10.10M | $15.30M |
Other Short-Term Assets | $800.0K | $1.400M |
YoY Change | -27.27% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $13.97M | $18.93M |
YoY Change | -8.07% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $600.0K | $80.00K |
YoY Change | 200.0% | |
Total Long-Term Assets | $560.9K | $80.00K |
YoY Change | 136.2% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $13.97M | $18.93M |
Total Long-Term Assets | $560.9K | $80.00K |
Total Assets | $14.54M | $19.01M |
YoY Change | -5.85% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.204M | $401.7K |
YoY Change | 103.22% | |
Accrued Expenses | $1.300M | $1.300M |
YoY Change | -7.14% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $3.300M | $1.900M |
YoY Change | ||
Total Short-Term Liabilities | $6.477M | $5.723M |
YoY Change | 227.63% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | -100.0% | |
Total Long-Term Liabilities | $16.31K | $19.15K |
YoY Change | -99.66% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $6.477M | $5.723M |
Total Long-Term Liabilities | $16.31K | $19.15K |
Total Liabilities | $6.493M | $5.742M |
YoY Change | -3.3% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$60.28M | -$40.45M |
YoY Change | 32.35% | |
Common Stock | $68.33M | $53.73M |
YoY Change | 25.88% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $8.043M | $13.27M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $14.54M | $19.01M |
YoY Change | -5.85% |
Cashflow Statement
Concept | 2016 Q4 | 2015 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$3.640M | -$4.737M |
YoY Change | -28.49% | 1709.22% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | -$2.460M | -$3.400M |
YoY Change | -25.45% | 457.38% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $1.450M | -$3.260M |
YoY Change | -26.02% | |
Cash From Investing Activities | $1.450M | -$3.260M |
YoY Change | -26.02% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 1.040M | -710.0K |
YoY Change | -3566.67% | -236.54% |
NET CHANGE | ||
Cash From Operating Activities | -2.460M | -3.400M |
Cash From Investing Activities | 1.450M | -3.260M |
Cash From Financing Activities | 1.040M | -710.0K |
Net Change In Cash | 30.00K | -7.370M |
YoY Change | -102.19% | 8088.89% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$2.460M | -$3.400M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
20170264 | |
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
768550 | |
CY2015Q4 | us-gaap |
Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
|
13335499 | |
CY2016Q3 | vktx |
Deferred Public Offering And Other Financing Costs Noncurrent
DeferredPublicOfferingAndOtherFinancingCostsNoncurrent
|
614380 | |
CY2015Q4 | vktx |
Accrued Interest Non Current
AccruedInterestNonCurrent
|
183611 | |
CY2016Q3 | vktx |
Convertible Notes Payable Discount Noncurrent
ConvertibleNotesPayableDiscountNoncurrent
|
0 | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3628747 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
7376175 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.74 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.69 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15052139 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11087213 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7376175 | ||
vktx |
Change In Fair Value Of Accrued License Fees
ChangeInFairValueOfAccruedLicenseFees
|
-9381848 | ||
vktx |
Change In Fair Value Of Debt Conversion Features
ChangeInFairValueOfDebtConversionFeatures
|
444083 | ||
vktx |
Change In Fair Value Of Debt Conversion Features
ChangeInFairValueOfDebtConversionFeatures
|
-826637 | ||
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1356861 | ||
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
652986 | ||
CY2016Q3 | vktx |
Amortization Of Financing Costs Equity Transactions
AmortizationOfFinancingCostsEquityTransactions
|
45852 | |
vktx |
Amortization Of Financing Costs Equity Transactions
AmortizationOfFinancingCostsEquityTransactions
|
45852 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-18832 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-75379 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-977462 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-10936850 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
6802169 | ||
us-gaap |
Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
|
116962 | ||
us-gaap |
Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
|
67692 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2074004 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-92129 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1504027 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
300360 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
137286 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-422999 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1244495 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-8606379 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1435752 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
418412 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
38 | ||
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
10943 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
1582549 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10444522 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1024581 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
25851 | ||
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
2152 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-5432104 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
12263451 | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
16033042 | ||
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
13846000 | ||
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
607000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-15426042 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
25392500 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2733798 | ||
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
94861 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
9310172 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
22242404 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
2286342 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1384258 | ||
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
755857 | |
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2140115 | |
us-gaap |
Interest Paid
InterestPaid
|
205139 | ||
vktx |
Stock Issued In Lieu Of License Fee Payment To Related Party
StockIssuedInLieuOfLicenseFeePaymentToRelatedParty
|
29247711 | ||
vktx |
Stock Issued In Lieu Of Loan Payment To Related Party
StockIssuedInLieuOfLoanPaymentToRelatedParty
|
1200000 | ||
vktx |
Unpaid Deferred Initial Public Offering And Other Financing Costs
UnpaidDeferredInitialPublicOfferingAndOtherFinancingCosts
|
71617 | ||
us-gaap |
Stock Issued1
StockIssued1
|
440278 | ||
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
456412 | ||
vktx |
Issuance Of Common Stock To Consultant
IssuanceOfCommonStockToConsultant
|
28760 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements relate to determining the fair value of the debt conversion feature liability and accounting for certain commitments. Actual results could differ from those estimates.</p></div> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of cash and cash equivalents and marketable securities. The Company maintains deposits in federally insured depository institutions in excess of federally insured limits. Management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held. Additionally, the Company has established guidelines regarding approved investments and maturities of investments, which are designed to maintain safety and liquidity.</p></div> | ||
dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2012-09-24 | ||
dei |
Entity Incorporation State Country Name
EntityIncorporationStateCountryName
|
Delaware | ||
us-gaap |
Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
|
Three months or less | ||
CY2016Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
7500000 | |
CY2016Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
7500000 | |
CY2016Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7754286 | |
CY2016Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.25 | |
CY2016Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.50 | |
CY2016Q2 | vktx |
Additional Shares Offered Under Underwriting Agreement
AdditionalSharesOfferedUnderUnderwritingAgreement
|
1125000 | |
CY2016Q2 | vktx |
Underwriters Grant Period Option
UnderwritersGrantPeriodOption
|
P45D | |
CY2016Q2 | vktx |
Additional Warrants Granted To Underwriters
AdditionalWarrantsGrantedToUnderwriters
|
1125000 | |
CY2016Q2 | vktx |
Additional Warrants Sold As Result Of Over Allotment Exercise
AdditionalWarrantsSoldAsResultOfOverAllotmentExercise
|
1125000 | |
CY2016Q2 | us-gaap |
Share Price
SharePrice
|
0.01 | |
CY2016Q2 | vktx |
Class Of Warrants Or Rights Expiry Date
ClassOfWarrantsOrRightsExpiryDate
|
2021-04-13 | |
CY2016Q2 | vktx |
Underwriting Discounts Commissions And Other Offering Expenses
UnderwritingDiscountsCommissionsAndOtherOfferingExpenses
|
1631964 | |
CY2016Q3 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
13573619 | |
CY2015 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.05 | |
CY2016Q2 | vktx |
Over Allotment Option Exercised
OverAllotmentOptionExercised
|
1125000 | |
CY2016Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1125000 | |
CY2016Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1283400 | |
CY2016Q2 | vktx |
Underwriting Discounts Commissions And Other Offering Expenses
UnderwritingDiscountsCommissionsAndOtherOfferingExpenses
|
111600 | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
19482162 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
9783312 | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
15590113 | ||
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
8120639 | ||
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
490191 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
835832 | |
us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
537974 | ||
us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1318470 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
14240487 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2012697 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
CY2016Q3 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
0 | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
0 | ||
CY2015 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
0 | |
CY2016Q3 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
11569087 | |
CY2016Q3 | vktx |
Available For Sale Securities Continuous Unrealized Gain Position Accumulated Gain
AvailableForSaleSecuritiesContinuousUnrealizedGainPositionAccumulatedGain
|
1002 | |
CY2016Q3 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
|
7139 | |
CY2016Q3 | vktx |
Available For Sale Securities In Unrealized Gain Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableForSaleSecuritiesInUnrealizedGainPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
|
1 | |
CY2016Q3 | us-gaap |
Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
|
27 | |
CY2015Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
13342869 | |
CY2015Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
|
7370 | |
CY2015Q4 | us-gaap |
Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
|
14 | |
CY2016Q3 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
1351135 | |
CY2015Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
13884371 | |
CY2015Q4 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
2370903 | |
CY2016Q3 | vktx |
Convertible Notes Payoff Value Current
ConvertibleNotesPayoffValueCurrent
|
1977813 | |
us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.025 | ||
CY2015 | vktx |
Debt Instrument Current Maturities Due Date
DebtInstrumentCurrentMaturitiesDueDate
|
2016 | |
vktx |
Debt Instrument Current Maturities Due Date
DebtInstrumentCurrentMaturitiesDueDate
|
2017 | ||
CY2015Q4 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.05 | |
CY2016Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.025 | |
CY2015 | vktx |
Debt Instrument Long Term Maturities Due Date
DebtInstrumentLongTermMaturitiesDueDate
|
2016 | |
vktx |
Debt Instrument Long Term Maturities Due Date
DebtInstrumentLongTermMaturitiesDueDate
|
2017 | ||
vktx |
Date Of Registration Rights Agreement Amendment
DateOfRegistrationRightsAgreementAmendment
|
2016-01-22 | ||
CY2014Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
|
1000000 | |
CY2014Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Exercise Price
DeferredCompensationArrangementWithIndividualExercisePrice
|
0.01 | |
CY2014Q1 | vktx |
Number Of Tranches
NumberOfTranches
|
2 | |
CY2014Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
168000 | |
CY2015Q2 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
633810 | |
CY2015Q2 | vktx |
Shares Repurchase Price Per Share
SharesRepurchasePricePerShare
|
0.00001 | |
CY2015Q2 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
366190 | |
CY2015Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
61566 | |
CY2016Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
320953 | |
CY2015Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
601593 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
365394 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
520818 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
50250 | ||
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
835962 | |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
291824 | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
8.48 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P8Y5M16D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.50 | ||
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | |
CY2016Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
0 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
2.17 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
4.34 | ||
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.80 | |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.30 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y11M12D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y11M1D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0151 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.00 | ||
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
0 | ||
CY2016Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
10.00 | |
vktx |
Description Of Warrant
DescriptionOfWarrant
|
The warrant is exercisable for cash or on a cashless basis at a per share exercise price equal to $10.00 commencing on April 28, 2016, one year following the date of the prospectus filed with the SEC relating to the IPO, and expiring on April 28, 2020. The warrant also provides for registration rights upon request, under certain circumstances. The piggyback registration right provided in connection with the warrant will terminate on April 28, 2022. | ||
vktx |
Warrant Expiration Date
WarrantExpirationDate
|
2022-04-28 | ||
vktx |
Initial Public Offering Expiration Date
InitialPublicOfferingExpirationDate
|
2020-04-28 | ||
CY2016Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
63648 | |
CY2015Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
54010 | |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
189668 | ||
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
73640 | ||
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
247611 | |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
190337 | |
CY2016Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
437948 |