2023 Q1 Form 10-K Financial Statement
#000149315223010259 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $3.540M | $3.500M |
YoY Change | 53.91% | 207.02% |
% of Gross Profit | ||
Research & Development | $1.056M | $399.9K |
YoY Change | -1.31% | -36.52% |
% of Gross Profit | ||
Depreciation & Amortization | $2.600K | $532.00 |
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $4.592M | $820.1K |
YoY Change | 473.26% | 251.66% |
Operating Profit | -$4.592M | -$820.1K |
YoY Change | ||
Interest Expense | $0.00 | -$240.0K |
YoY Change | -100.0% | 4319.89% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$4.590M | -$5.420M |
YoY Change | 537.49% | 1599.06% |
Income Tax | -$1.047M | -$745.1K |
% Of Pretax Income | ||
Net Earnings | -$3.500M | -$75.02K |
YoY Change | 386.11% | -76.48% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.39 | -$0.01 |
Diluted Earnings Per Share | -$0.39 | -$0.51 |
COMMON SHARES | ||
Basic Shares Outstanding | 9.212M shares | 9.016M shares |
Diluted Shares Outstanding | 26.08K shares | 257.6K shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.300M | $5.900M |
YoY Change | 56.59% | 535.78% |
Cash & Equivalents | $1.278M | $5.902M |
Short-Term Investments | ||
Other Short-Term Assets | $1.500M | $400.0K |
YoY Change | 566.67% | 58.73% |
Inventory | ||
Prepaid Expenses | $1.322M | $225.3K |
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $2.835M | $6.363M |
YoY Change | 168.63% | 439.11% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $14.73K | $17.33K |
YoY Change | ||
Goodwill | $11.90M | $11.90M |
YoY Change | ||
Intangibles | $100.1M | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $100.1M | $100.1M |
YoY Change | 59735.19% | 31.76% |
Total Long-Term Assets | $112.1M | $112.1M |
YoY Change | 42.61% | 47.63% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.835M | $6.363M |
Total Long-Term Assets | $112.1M | $112.1M |
Total Assets | $115.0M | $118.5M |
YoY Change | 44.28% | 53.62% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $6.381M | $6.026M |
YoY Change | 99.41% | |
Accrued Expenses | $2.113M | $2.054M |
YoY Change | 155.03% | 925.51% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $8.578M | $8.188M |
YoY Change | 935.46% | 2857.7% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $8.578M | $8.188M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $17.86M | $18.51M |
YoY Change | 324.78% | 406.92% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$8.500M | -$4.921M |
YoY Change | 117.87% | |
Common Stock | $922.00 | $902.00 |
YoY Change | 2718.75% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $97.10M | $99.66M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $115.0M | $118.5M |
YoY Change | 44.28% | 53.62% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$3.500M | -$75.02K |
YoY Change | 386.11% | -76.48% |
Depreciation, Depletion And Amortization | $2.600K | $532.00 |
YoY Change | ||
Cash From Operating Activities | -$4.600M | -$3.394M |
YoY Change | 4585.75% | 493.34% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$34.67K | |
YoY Change | -101.29% | |
NET CHANGE | ||
Cash From Operating Activities | -$4.600M | -$3.394M |
Cash From Investing Activities | ||
Cash From Financing Activities | -$34.67K | |
Net Change In Cash | -$4.624M | -$3.394M |
YoY Change | 4610.32% | -719.32% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$4.600M | -$3.394M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
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-4786 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-715730 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3393888 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3393888 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
9296087 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5902199 | usd |
CY2022Q4 | ZVSA |
Accounts Payable For Deferred Offering Costs
AccountsPayableForDeferredOfferingCosts
|
240691 | usd |
CY2022Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84F_eus-gaap--UseOfEstimates_zKCaMnshODP6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and the amounts disclosed in the related notes to the financial statements. The Company bases its estimates and judgments on historical experience and on various other assumptions that it believes are reasonable under the circumstances. The amounts of assets and liabilities reported in the Company’s balance sheets and the amounts of expenses reported for each of the periods presented are affected by estimates and assumptions, which are used for, but not limited to, fair value calculations for equity securities, derivative liabilities, share based compensation and acquired intangible assets, as well as establishment of valuation allowances for deferred tax assets. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P5Y | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
52000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
52000 | usd |
CY2022 | ZVSA |
Accumulated Depreciation
AccumulatedDepreciation
|
34667 | usd |
CY2021 | ZVSA |
Accumulated Depreciation
AccumulatedDepreciation
|
24267 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Depreciation
Depreciation
|
532 | usd |
us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Predecessor | ||
us-gaap |
Depreciation
Depreciation
|
9869 | usd | |
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
1.58835 | |
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
186401 | usd | |
CY2022 | ZVSA |
Entity Valution Amount
EntityValutionAmount
|
85000000 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11991694 | shares |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2021Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
3.25 | |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_847_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zkKH56g4HY9d" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Reclassifications</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year balances have been reclassified in order to conform to current year presentation. These reclassifications had no effect on previously reported results of operations or loss per share.</span></p> | |
CY2022 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
6719730 | shares |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
5.037 | pure |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
699324 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
|
1093223 | usd |
CY2022Q4 | ZVSA |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inprocess Research And Development
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInprocessResearchAndDevelopment
|
100086329 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
11895033 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
|
64523 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
113139108 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
|
10818204 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
|
11069033 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
21887237 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
91251871 | usd |
CY2022Q4 | ZVSA |
Milestone Payment Liability
MilestonePaymentLiability
|
1500000 | usd |
CY2021Q4 | ZVSA |
Milestone Payment Liability
MilestonePaymentLiability
|
1500000 | usd |
CY2022Q4 | ZVSA |
Note Payable
NotePayable
|
-351579 | usd |
CY2021Q4 | ZVSA |
Note Payable
NotePayable
|
-351579 | usd |
CY2022Q4 | ZVSA |
Note Net
NoteNet
|
1148421 | usd |
CY2021Q4 | ZVSA |
Note Net
NoteNet
|
1148421 | usd |
CY2022Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
584226 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
214229 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
106683 | usd |
CY2021Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
748767 | usd |
CY2021Q4 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
16913 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
2053559 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
1914101 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
3961000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
709608 | usd |
CY2022Q4 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
583831 | shares |
us-gaap |
Debt Instrument Description
DebtInstrumentDescription
|
The automatic conversion was pursuant to the share-settled redemption feature included in the original terms of the Notes which resulted in a conversion price of $1.58835 (80% of the $1.98542 fair value per share of the Predecessor common stock which was determined using the Business Combination exchange ratio of 5.037). | ||
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
1.58835 | |
us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
2940537 | shares | |
CY2020Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
788700 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
228100 | usd |
CY2021Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
560600 | usd |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
607001 | usd | |
ZVSA |
Derivative Liabilities Reclassify To Equity Upon Converstion
DerivativeLiabilitiesReclassifyToEquityUponConverstion
|
1167601 | usd | |
CY2021Q4 | ZVSA |
Percentage Of Qualified Offering Occurring
PercentageOfQualifiedOfferingOccurring
|
0.85 | pure |
CY2021Q4 | ZVSA |
Percentage Of Change Of Control Occuring
PercentageOfChangeOfControlOccuring
|
0 | pure |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-151625 | usd |
CY2022Q4 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-34844 | usd |
CY2022Q4 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
-186469 | usd |
CY2022Q4 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
558581 | usd |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-745050 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.036 | pure |
CY2022Q4 | ZVSA |
Effective Income Tax Rate Reconciliation Permanent Difference Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencePercent
|
-0.019 | pure |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.000 | pure |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.000 | pure |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.000 | pure |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.681 | pure |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.908 | pure |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Predecessor | ||
CY2021 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Predecessor | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
6671907 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
2936945 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
2421390 | usd |
CY2022Q4 | ZVSA |
Deferred Tax Assets Capitalized Startup Costs
DeferredTaxAssetsCapitalizedStartupCosts
|
1121802 | usd |
CY2022Q4 | ZVSA |
Deferred Tax Assets Capitalized Licensing Costs
DeferredTaxAssetsCapitalizedLicensingCosts
|
687926 | usd |
CY2022Q4 | ZVSA |
Deferred Tax Assets Capitalized Patents
DeferredTaxAssetsCapitalizedPatents
|
288123 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
|
133203 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
|
71830 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
|
2833 | usd |
CY2022Q4 | ZVSA |
Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
|
26794 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
14362753 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
14362753 | usd |
CY2022Q4 | ZVSA |
Deferred Tax Liabilities Rightofuse Asset
DeferredTaxLiabilitiesRightofuseAsset
|
24236 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
24658231 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
4270 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
24686737 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
10323984 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
27515427 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
20567703 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
558581 | usd |
CY2015Q4 | ZVSA |
License Agreements Up Front Cash Payment
LicenseAgreementsUpFrontCashPayment
|
200000 | usd |
CY2015Q4 | ZVSA |
Aggregate Milestone Cash Payments
AggregateMilestoneCashPayments
|
21500000 | usd |
CY2020Q4 | ZVSA |
Aggregate Milestone Cash Payments
AggregateMilestoneCashPayments
|
1500000 | usd |
CY2021Q4 | ZVSA |
Aggregate Milestone Cash Payments
AggregateMilestoneCashPayments
|
500000 | usd |
CY2015Q4 | ZVSA |
Second License Agreement Milestone Value
SecondLicenseAgreementMilestoneValue
|
2500000 | usd |
CY2015Q4 | ZVSA |
Fair Value Of Grant Date Excerisable
FairValueOfGrantDateExcerisable
|
766384 | usd |
CY2020Q1 | ZVSA |
Aggregate Milestone Cash Payments
AggregateMilestoneCashPayments
|
1000000 | usd |
CY2020Q1 | ZVSA |
License Agreements Payable Upon Commencement
LicenseAgreementsPayableUponCommencement
|
500000 | usd |
CY2020Q1 | ZVSA |
License Agreements Payable
LicenseAgreementsPayable
|
500000 | usd |
CY2020Q1 | ZVSA |
Cash Payment Exercise Price Withheld
CashPaymentExercisePriceWithheld
|
351579 | usd |
CY2019Q2 | ZVSA |
Aggregate Milestone Cash Payments
AggregateMilestoneCashPayments
|
22500000 | usd |
CY2019Q2 | us-gaap |
Description Of Postretirement Medical Plans With Prescription Drug Benefits
DescriptionOfPostretirementMedicalPlansWithPrescriptionDrugBenefits
|
the first milestone payment of $200,000 is triggered by the submission of an investigational new drug application for the first indication of a therapeutic licensed product). ZyVersa is required to pay sales royalties to InflamaCORE between 5% and 10%, which expire upon the latest of: (a) expiration of the last-to-expire of a patent or (b) expiration of regulatory exclusivity, as defined in the agreement. ZyVersa is required to pay sales royalties to the University of Miami between 3% and 6%. | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
7795 | usd | |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
4786 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y29D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y29D | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y3M18D | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
1993235 | shares |
CY2022 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P5Y3M18D | |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
1639566 | shares |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.065 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.065 | pure |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
112916 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4160 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
108756 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
110000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
331331 | shares |
CY2022Q4 | us-gaap |
Share Price
SharePrice
|
5.04 | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | ZVSA |
Satisfaction Of Liabiilites
SatisfactionOfLiabiilites
|
5062000 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
56333 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3524802 | usd | |
CY2022Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
2957047 | usd |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P1Y7M6D | |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4245463 | usd |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Predecessor | ||
CY2021 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Predecessor | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1993235 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
10.81 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1993235 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
10.81 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y9M18D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1639566 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
9.63 | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
11.50 | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor | |
CY2022Q4 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
5.037 | pure |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
|
The Replacement Warrants include (a) exercisable warrants to purchase 1,271,904 shares of Successor common stock with an exercise price of $6.90 per share and with an expiration date of December 12, 2027, which replace the warrants that were issued by the Predecessor to its Series A Preferred Stock holders upon the automatic conversion of their Predecessor Series A Preferred Stock into Predecessor common stock and Predecessor Series A Warrants upon the closing of the Business Combination (see Note 11 – Stockholders’ Permanent and Temporary Equity – Automatic Conversion of Predecessor Series A Preferred Stock); (b) warrants to purchase 104,704 shares of Successor common stock with an exercise price of $5.03 per share which replace the warrants that were issued by the Predecessor to a strategic partner (see Note 10 – Commitments and Contingencies – License Agreements – L&F Research LLC), of which warrants to purchase 34,901 shares are exercisable until they expire on or about January 6, 2025, while the remainder vest upon the achievement of certain milestones and expire five years following the achievement of those milestones; and (c) exercisable warrants to purchase 323,026 shares of Successor common stock with an exercise price of $11.58 per share and with various expiration dates through April 17, 2024 which replace the warrants that were issued by the Predecessor to certain purchasers of convertible notes, certain brokers and a strategic partner in conjunction with entering into a license agreement (see Note 10 – Commitments and Contingencies – License Agreements – InflamaCORE). | |
CY2022Q4 | us-gaap |
Financial Designation Predecessor And Successor Fixed List
FinancialDesignationPredecessorAndSuccessorFixedList
|
Successor |