Soleno Therapeutics, Inc(NASDAQ:SLNO)

Soleno Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for the treatment of rare diseases. Its lead candidate is Diazoxide Choline Controlled-Release (DCCR), a once-daily oral tablet for the treatment of Prader-Wi...
Website: http://www.soleno.life
Founded: 1999
Full Time Employees: 13
Sector: Healthcare
Industry: Diagnostics & Research
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
product revenue | 94,603,000 | 91,730,000 | 66,018,000 | 32,657,000 | 1,000 | 265,000 | 283,788 | 329,000 | 391,000 | 447,000 | 241,555 | 92,000 | 32,000 | ||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | 1,198,000 | 863,000 | 1,141,000 | 696,000 | |||||||||||||||||||||||||||||||||||||||||||
research and development | 11,274,000 | 9,558,000 | 8,405,000 | 9,147,000 | 13,517,000 | 21,486,000 | 30,138,000 | 12,342,000 | 14,602,000 | 8,689,000 | 6,043,000 | 5,141,000 | 5,316,000 | 3,810,000 | 3,771,000 | 3,696,000 | 3,988,000 | 3,734,000 | 4,968,000 | 5,587,000 | 7,164,000 | 5,566,000 | 4,827,000 | 6,103,000 | 6,695,000 | 5,272,000 | 4,490,000 | 3,745,000 | 2,760,000 | 2,192,000 | 2,092,000 | 1,714,000 | 1,180,000 | 1,022,742 | 982,000 | 974,000 | 994,000 | 953,803 | 1,131,000 | 1,327,000 | 1,772,000 | 1,284,244 | 1,193,000 | 1,181,000 | 878,000 | 609,216 | 717,000 |
selling, general and administrative | 50,369,000 | 40,878,000 | 33,753,000 | 28,238,000 | 29,259,000 | ||||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | 484,000 | 854,000 | 614,000 | 1,101,000 | 2,967,000 | 327,000 | 877,000 | 1,637,000 | 401,000 | 1,081,000 | 1,021,000 | 313,000 | 299,000 | -602,000 | 132,000 | 616,000 | -858,000 | -3,329,000 | 551,000 | 3,034,000 | -987,000 | 140,000 | 774,000 | 2,842,000 | 584,000 | -128,000 | 28,000 | 183,000 | 206,000 | -22,000 | 228,000 | -67,000 | 428,000 | ||||||||||||||
total operating expenses | 63,325,000 | 52,153,000 | 43,913,000 | 39,182,000 | 45,743,000 | 59,116,000 | 80,212,000 | 24,868,000 | 23,475,000 | 13,910,000 | 10,382,000 | 8,623,000 | 8,469,000 | 5,610,000 | 6,235,000 | 6,779,000 | 5,773,000 | 3,001,000 | 8,286,000 | 11,085,000 | 9,156,000 | 7,957,000 | 7,857,000 | 11,193,000 | 9,282,000 | 6,752,000 | 6,133,000 | 5,623,000 | 4,978,000 | 3,535,000 | 3,878,000 | 3,413,000 | 3,475,000 | ||||||||||||||
operating income | 31,278,000 | 39,577,000 | 22,105,000 | -6,525,000 | -45,743,000 | -59,116,000 | -80,212,000 | -24,868,000 | -23,475,000 | -13,910,000 | -10,382,000 | -8,623,000 | -8,469,000 | -5,610,000 | -6,235,000 | -6,779,000 | -5,773,000 | -3,001,000 | -8,286,000 | -11,085,000 | -9,156,000 | -7,957,000 | -7,857,000 | -11,193,000 | -9,282,000 | -6,752,000 | -6,133,000 | -5,623,000 | -4,978,000 | -3,535,000 | -3,878,000 | -3,413,000 | -3,475,000 | -5,199,315 | -2,689,000 | -3,210,000 | -2,210,000 | -2,956,115 | -2,941,000 | -3,450,000 | -4,263,000 | -3,506,746 | -3,183,000 | -3,044,000 | -2,426,000 | -1,845,729 | -1,323,000 |
yoy | -168.38% | -166.95% | -127.56% | -73.76% | 94.86% | 324.99% | 672.61% | 188.39% | 177.19% | 147.95% | 66.51% | 27.20% | 46.70% | 86.94% | -24.75% | -38.85% | -36.95% | -62.28% | 5.46% | -0.96% | -1.36% | 17.85% | 28.11% | 99.06% | 86.46% | 91.00% | 58.15% | 64.75% | 43.25% | -32.01% | 44.22% | 6.32% | 57.24% | 75.88% | -8.57% | -6.96% | -48.16% | -15.70% | -7.60% | 13.34% | 75.72% | 89.99% | 140.59% | ||||
qoq | -20.97% | 79.04% | -438.77% | -85.74% | -22.62% | -26.30% | 222.55% | 5.93% | 68.76% | 33.98% | 20.40% | 1.82% | 50.96% | -10.02% | -8.02% | 17.43% | 92.37% | -63.78% | -25.25% | 21.07% | 15.07% | 1.27% | -29.80% | 20.59% | 37.47% | 10.09% | 9.07% | 12.96% | 40.82% | -8.84% | 13.62% | -1.78% | -33.16% | 93.35% | -16.23% | 45.25% | -25.24% | 0.51% | -14.75% | -19.07% | 21.57% | 10.17% | 4.57% | 25.47% | 31.44% | 39.51% | |
operating margin % | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -11027.27% | -Infinity% | NaN% |
other income | -1,102,750 | -110,000 | 4,925,000 | -3,690,475 | -318,000 | ||||||||||||||||||||||||||||||||||||||||||
interest income | 4,927,000 | 5,130,000 | 5,298,000 | 3,193,000 | 3,331,000 | 3,365,000 | 3,596,000 | 3,014,000 | 2,077,000 | 2,144,000 | 174,000 | 147,000 | 113,000 | 125,000 | 101,000 | 52,000 | 22,000 | 34,000 | 34,000 | 41,000 | 1,000 | 3,250 | 1,000 | 1,000 | 11,000 | 33,250 | 29,000 | 47,000 | 57,000 | 1,750 | 4,000 | 3,000 | 1,000 | 85 | |||||||||||||
interest expense | -1,292,000 | -1,349,000 | -1,390,000 | -1,376,000 | -1,361,000 | -250 | |||||||||||||||||||||||||||||||||||||||||
total other income | 3,635,000 | 3,781,000 | 3,908,000 | 1,817,000 | 1,970,000 | 3,134,000 | 3,596,000 | 3,014,000 | 2,077,000 | 2,614,000 | -479,000 | 148,000 | 113,000 | 124,000 | 103,000 | 54,000 | 49,000 | 173,000 | 146,000 | 97,000 | 202,000 | 5,105,000 | -688,000 | 3,809,000 | 3,424,000 | -7,873,000 | 7,022,000 | -4,385,000 | -2,052,000 | 3,928,000 | 1,569,000 | -3,801,000 | 234,000 | ||||||||||||||
income before provision for income taxes | 34,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | 3,535,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income | 31,378,000 | 43,358,000 | 26,013,000 | -4,708,000 | -43,773,000 | -55,982,000 | -76,616,000 | -21,854,000 | -21,398,000 | -11,296,000 | -10,861,000 | -8,475,000 | -8,356,000 | -5,486,000 | -6,132,000 | -6,725,000 | -5,724,000 | -2,828,000 | -8,140,000 | -10,988,000 | -8,954,000 | -2,852,000 | -8,545,000 | -7,384,000 | -5,858,000 | -14,625,000 | 889,000 | -10,008,000 | -7,030,000 | 263,000 | -2,736,000 | -7,637,000 | -3,755,000 | -5,025,425 | -3,786,000 | -3,966,000 | -2,887,000 | -2,613,214 | -2,750,000 | -3,513,000 | -3,189,000 | -2,844,546 | -3,293,000 | 1,881,000 | -11,651,000 | ||
yoy | -171.68% | -177.45% | -133.95% | -78.46% | 104.57% | 395.59% | 605.42% | 157.86% | 156.08% | 105.91% | 77.12% | 26.02% | 45.98% | 93.99% | -24.67% | -38.80% | -36.07% | -0.84% | -4.74% | 48.81% | 52.85% | -80.50% | -1061.19% | -26.22% | -16.67% | -5660.84% | -132.49% | 31.05% | 87.22% | -105.23% | -27.73% | 92.56% | 30.07% | 92.31% | 37.67% | 12.89% | -9.47% | -8.13% | -16.49% | -286.76% | -72.63% | ||||||
qoq | -27.63% | 66.68% | -652.53% | -89.24% | -21.81% | -26.93% | 250.58% | 2.13% | 89.43% | 4.01% | 28.15% | 1.42% | 52.31% | -10.53% | -8.82% | 17.49% | 102.40% | -65.26% | -25.92% | 22.72% | 213.96% | -66.62% | 15.72% | 26.05% | -59.95% | -1745.11% | -108.88% | 42.36% | -2773.00% | -109.61% | -64.17% | 103.38% | -25.28% | 32.74% | -4.54% | 37.37% | 10.48% | -4.97% | -21.72% | 10.16% | 12.11% | -13.62% | -275.07% | -116.14% | |||
net income margin % | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -52959.09% | NaN% | NaN% |
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||
net unrealized loss on marketable securities | -2,225,000 | -153,000 | -139,000 | -46,000 | -105,000 | ||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | -28,000 | -13,000 | 14,000 | 12,000 | 4,000 | -750 | -1,000 | -1,000 | -1,000 | -250 | -1,000 | -16,000 | 16,000 | -500 | -1,000 | 1,000 | -2,000 | ||||||||||||||||||||||||||||||
total comprehensive income | 29,125,000 | 43,413,000 | 26,288,000 | ||||||||||||||||||||||||||||||||||||||||||||
less: undistributed earnings attributable to participating securities | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders - basic and diluted | 31,377,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 0.6 | 0.85 | 0.49 | -0.213 | -0.41 | ||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - basic | 52,091,047 | 50,817,586 | 53,328,094 | ||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - diluted | 53,066,971 | 52,384,886 | 54,921,916 | ||||||||||||||||||||||||||||||||||||||||||||
net unrealized gain on marketable securities | 68,000 | 261,000 | -537,000 | 1,049,000 | |||||||||||||||||||||||||||||||||||||||||||
revenue | 22,000 | ||||||||||||||||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||||||||||||
qoq | |||||||||||||||||||||||||||||||||||||||||||||||
total revenue | 32,657,000 | 283,788 | 329,000 | 241,472 | 247,000 | 97,000 | |||||||||||||||||||||||||||||||||||||||||
total comprehensive loss | -4,849,000 | -43,908,000 | -56,516,000 | -75,568,000 | -21,901,000 | -21,504,000 | -6,923,250 | -10,862,000 | -8,491,000 | -8,340,000 | -4,645,750 | -6,133,000 | -6,724,000 | -5,726,000 | |||||||||||||||||||||||||||||||||
net loss per common share, basic and diluted | -90 | -950 | -1,300 | -1,830 | -570 | -590 | 290 | -950 | -810 | -880 | -270 | -760 | -60 | -70 | -87.5 | -100 | -140 | -110 | -160 | -130 | -310 | -220 | 30 | -130 | -380 | -190 | 1,188.25 | -350 | -70 | -110 | |||||||||||||||||
weighted-average common shares outstanding used to calculate basic and diluted net loss per common share | 50,483,281,000 | 46,178,793,000 | 40,175,926,000 | 41,879,025,000 | 38,631,565,000 | 36,208,371,000 | 16,492,132,000 | 11,436,748,000 | 10,423,598,000 | 9,447,350,000 | 8,397,088,000 | 8,093,033,000 | 120,088,816,000 | 80,020,677,000 | 79,770,334,000 | 79,791,075,000 | 79,747,506,000 | 79,694,781,000 | 62,620,227,000 | 46,236,209,000 | 44,679,858,000 | 34,142,478,000 | 31,776,951,000 | 31,756,120,000 | 20,975,479,000 | 21,432,482,000 | 20,345,437,000 | 19,530,311,000 | 8,977,795 | 10,766,608,000 | 53,060,868,000 | 26,853,433,000 | 15,507,484 | 15,761,530 | 14,796,119,000 | 9,425,880 | 10,040,079,000 | 6,965,483,000 | 1,270,033 | 535,685,000 | |||||||
general and administrative | 37,303,000 | 49,197,000 | 10,889,000 | 8,472,000 | 4,140,000 | 3,318,000 | 3,169,000 | 2,854,000 | 2,402,000 | 2,332,000 | 2,467,000 | 2,643,000 | 2,596,000 | 2,767,000 | 2,464,000 | 2,979,000 | 2,251,000 | 2,256,000 | 2,248,000 | 2,003,000 | 1,608,000 | 1,615,000 | 1,695,000 | 2,012,000 | 1,365,000 | 1,558,000 | 1,766,000 | 1,867,000 | 1,684,650 | 1,707,000 | 2,195,000 | 1,158,000 | 1,890,203 | 1,398,000 | 1,509,000 | 1,939,000 | 1,708,821 | 1,714,000 | 1,432,000 | 1,292,000 | 1,080,154 | 522,000 | |||||
change in fair value of warrants liabilities | -163,000 | -653,000 | 1,000 | 7,750 | 2,000 | 2,000 | 27,000 | 139,000 | 112,000 | 56,000 | 201,000 | 5,105,000 | -689,000 | 3,808,000 | 3,413,000 | -7,894,000 | 7,116,000 | -4,267,000 | -1,919,000 | 2,071,000 | 1,543,000 | -3,834,000 | 212,000 | 344,117 | 200,000 | -47,000 | 1,170,000 | 661,140 | 73,000 | 4,925,000 | -6,174,000 | ||||||||||||||||
other comprehensive loss | |||||||||||||||||||||||||||||||||||||||||||||||
loss from minority interest investment | -123,000 | -165,000 | -190,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||
basic | -95 | -110 | -127.5 | 30 | -230 | 250 | |||||||||||||||||||||||||||||||||||||||||
diluted | -95 | -110 | -132.5 | -190 | -230 | 250 | |||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding used in per-share calculation: | |||||||||||||||||||||||||||||||||||||||||||||||
basic | 79,583,254,000 | 31,793,292,000 | 15,528,922,000 | 7,517,794,000 | |||||||||||||||||||||||||||||||||||||||||||
diluted | 79,583,254,000 | 32,443,647,000 | 15,528,922,000 | 7,630,644,000 | |||||||||||||||||||||||||||||||||||||||||||
cease-use income | 3,000 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | -4,037,250 | 889,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -423,000 | -514,000 | |||||||||||||||||||||||||||||||||||||||||||||
income per common share from continuing operations: | |||||||||||||||||||||||||||||||||||||||||||||||
basic | -127.5 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
diluted | -132.5 | -190 | |||||||||||||||||||||||||||||||||||||||||||||
loss per common share from discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||
basic | |||||||||||||||||||||||||||||||||||||||||||||||
diluted | |||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -10,008,000 | -7,030,000 | 393,000 | -2,309,000 | -7,214,000 | -3,241,000 | -4,480,850 | -2,551,000 | |||||||||||||||||||||||||||||||||||||||
loss per common share from continuing operations, basic and diluted | -310 | -220 | 40 | -110 | -360 | -170 | 848.65 | -240 | |||||||||||||||||||||||||||||||||||||||
loss per common share from discontinued operations, basic and diluted | -20 | -20 | -20 | ||||||||||||||||||||||||||||||||||||||||||||
sales and marketing | -269 | 114,000 | 173,591 | 342,000 | 577,000 | 538,000 | 498,470 | 467,000 | 506,000 | 260,000 | 156,359 | 84,000 | |||||||||||||||||||||||||||||||||||
interest and other income | 18,750 | 26,000 | 30,000 | 19,000 | -155,250 | 138,000 | -29,000 | -677,000 | 300,500 | 191,000 | -63,000 | 1,074,000 | |||||||||||||||||||||||||||||||||||
loss on sale of assets | -52,000 | -208,000 | |||||||||||||||||||||||||||||||||||||||||||||
total | -130,000 | -427,000 | -762,250 | -1,235,000 | |||||||||||||||||||||||||||||||||||||||||||
total expenses | 1,743,000 | 2,689,000 | 3,169,000 | 2,266,000 | 3,017,597 | 2,871,000 | 3,413,000 | 4,249,000 | 3,491,535 | 3,374,000 | 3,119,000 | 2,430,000 | 1,845,729 | 1,323,000 | |||||||||||||||||||||||||||||||||
change in fair value of warrants liabilities income | -7,250 | 130,000 | -32,000 | -69,000 | |||||||||||||||||||||||||||||||||||||||||||
cease-use expense | 750 | 4,000 | -7,000 | 251 | -94,000 | ||||||||||||||||||||||||||||||||||||||||||
other expense | -150,500 | -602,000 | 20,233 | -9,000 | -16,000 | -2,000 | -565 | -183,000 | |||||||||||||||||||||||||||||||||||||||
loss from discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||
operating | -80 | -90 | |||||||||||||||||||||||||||||||||||||||||||||
cost of product revenue | 42,000 | 209,000 | 321,750 | 399,000 | 428,000 | 461,000 | 24,000 | 56,000 | 22,000 | ||||||||||||||||||||||||||||||||||||||
gross loss | -41,000 | ||||||||||||||||||||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | -3,239,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net loss from discontinued operations | -727,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share from continuing operations, basic and diluted | -60 | ||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share from discontinued operations, basic and diluted | -10 | ||||||||||||||||||||||||||||||||||||||||||||||
gross profit | 56,000 | 61,482 | -70,000 | -37,000 | -14,000 | -15,211 | 191,000 | 75,000 | 4,000 | ||||||||||||||||||||||||||||||||||||||
yoy | -500.00% | -504.19% | -136.65% | -149.33% | -450.00% | ||||||||||||||||||||||||||||||||||||||||||
qoq | -8.92% | -187.83% | 89.19% | 164.29% | -7.96% | -107.96% | 154.67% | 1775.00% | |||||||||||||||||||||||||||||||||||||||
gross margin % | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | 18.18% | NaN% | NaN% |
government grant revenue | -83 | 155,000 | 65,000 | ||||||||||||||||||||||||||||||||||||||||||||
inducement charge for series c warrants | 625 | -3,050,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of convertible preferred stock | 7,302,172 | -3,651,000 | |||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -3,275,750 | -6,401,000 | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding used to calculate net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||
basic | 79,583,254,000 | 31,793,292,000 | 15,528,922,000 | 7,517,794,000 | |||||||||||||||||||||||||||||||||||||||||||
diluted | 79,583,254,000 | 32,443,647,000 | 15,528,922,000 | 7,630,644,000 | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted net loss per common share | -220 | 1,598.31 | -330 | -1,670 | 11,229.08 | -4,470 | |||||||||||||||||||||||||||||||||||||||||
cost of revenue | 18,000 | ||||||||||||||||||||||||||||||||||||||||||||||
interest | -1,000 | -452,750 | -752,000 | ||||||||||||||||||||||||||||||||||||||||||||
net loss and comprehensive loss | -1,504,750 | -2,393,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 133,026,000 | 70,106,000 | 246,662,000 | 76,497,000 | 81,331,000 | 87,928,000 | 48,413,000 | 57,024,000 | 42,847,000 | 169,681,000 | 52,437,000 | 19,368,000 | 7,874,000 | 14,602,000 | 19,751,000 | 24,065,000 | 28,974,000 | 21,304,000 | 28,185,000 | 33,596,000 | 41,607,000 | 49,224,000 | 56,137,000 | 62,499,000 | 15,070,000 | 20,733,000 | 11,225,000 | 15,503,000 | 19,402,000 | 23,099,000 | 10,239,000 | 12,593,000 | 14,866,000 | 17,099,507 | 5,647,000 | 7,547,000 | 10,539,000 | 2,725,996 | 5,415,000 | 2,502,000 | 6,492,000 | 5,494,523 | 4,720,000 | 7,530,000 | 9,529,000 | 7,956,710 | 64,000 |
marketable securities | 122,573,000 | 235,366,000 | 252,272,000 | 210,344,000 | 208,619,000 | 203,509,000 | 208,363,000 | 209,099,000 | |||||||||||||||||||||||||||||||||||||||
accounts receivable | 47,139,000 | 28,208,000 | 25,506,000 | 24,624,000 | 3,000 | 110,000 | 133,337 | 137,000 | 288,000 | 187,000 | 156,127 | 94,000 | 12,000 | 8,000 | 37,000 | ||||||||||||||||||||||||||||||||
inventory | 17,308,000 | 15,024,000 | 6,674,000 | 2,355,000 | 164,000 | 855,000 | 660,391 | 703,000 | 774,000 | 653,000 | 551,008 | 376,000 | 277,000 | 206,000 | 109,336 | ||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 6,330,000 | 7,110,000 | 3,739,000 | 2,969,000 | 18,965,000 | 2,452,000 | 1,423,000 | 1,379,000 | 1,596,000 | 1,677,000 | 1,222,000 | 1,130,000 | 1,253,000 | 1,045,000 | 821,000 | 824,000 | 1,004,000 | 1,118,000 | 702,000 | 948,000 | 921,000 | 1,019,000 | 348,000 | 505,000 | 572,000 | 411,000 | 375,000 | 471,000 | 603,000 | 529,000 | 327,000 | 248,000 | 423,000 | 342,927 | 145,000 | 246,000 | 261,000 | 246,570 | 217,000 | 157,000 | 216,000 | 167,642 | 225,000 | 311,000 | 260,000 | 252,272 | 186,000 |
total current assets | 326,376,000 | 355,814,000 | 534,853,000 | 316,789,000 | 308,915,000 | 293,889,000 | 258,199,000 | 267,502,000 | 151,223,000 | 171,358,000 | 53,659,000 | 20,498,000 | 9,127,000 | 15,647,000 | 20,572,000 | 24,889,000 | 29,978,000 | 22,422,000 | 28,887,000 | 34,544,000 | 42,528,000 | 50,243,000 | 56,485,000 | 63,004,000 | 15,642,000 | 21,144,000 | 11,609,000 | 16,615,000 | 20,865,000 | 24,670,000 | 11,413,000 | 13,311,000 | 15,808,000 | 17,993,807 | 6,390,000 | 10,318,000 | 11,800,000 | 3,801,294 | 6,507,000 | 3,756,000 | 7,583,000 | 6,404,300 | 5,526,000 | 8,165,000 | 10,023,000 | 8,338,318 | 307,000 |
long-term assets | |||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 202,000 | 185,000 | 150,000 | 166,000 | 173,000 | 186,000 | 196,000 | 19,000 | 27,000 | 12,000 | 15,000 | 19,000 | 22,000 | 26,000 | 23,000 | 28,000 | 27,000 | 33,000 | 26,000 | 27,000 | 20,000 | 19,000 | 20,000 | 17,000 | 19,000 | 22,000 | 46,000 | 22,000 | 19,000 | 12,000 | 14,000 | 13,000 | 17,000 | 22,885 | 55,000 | 53,000 | 93,000 | 102,560 | 116,000 | 118,000 | 121,000 | 85,745 | 98,000 | 43,000 | 44,000 | 57,607 | 36,000 |
operating lease right-of-use assets | 3,891,000 | 2,191,000 | 2,314,000 | 2,434,000 | 2,603,000 | 2,798,000 | 2,992,000 | 268,000 | 338,000 | 407,000 | 474,000 | 541,000 | 53,000 | 131,000 | 206,000 | 279,000 | 350,000 | 421,000 | 489,000 | 558,000 | 50,000 | 124,000 | 195,000 | 265,000 | 332,000 | 398,000 | |||||||||||||||||||||
intangible assets | 4,374,000 | 4,861,000 | 5,347,000 | 5,832,000 | 6,318,000 | 6,805,000 | 7,291,000 | 7,777,000 | 8,263,000 | 8,749,000 | 9,235,000 | 9,721,000 | 10,207,000 | 10,693,000 | 11,178,000 | 11,665,000 | 12,151,000 | 12,637,000 | 13,123,000 | 13,609,000 | 14,095,000 | 14,581,000 | 15,067,000 | 15,553,000 | 16,039,000 | 16,525,000 | 17,011,000 | 17,497,000 | 17,983,000 | 18,469,000 | 18,955,000 | 19,441,000 | 19,927,000 | 20,413,056 | |||||||||||||
long-term marketable securities | 273,382,000 | 200,616,000 | 57,148,000 | 7,002,000 | 27,211,000 | 27,945,000 | 28,482,000 | ||||||||||||||||||||||||||||||||||||||||
other long-term assets | 163,000 | 163,000 | 83,000 | 83,000 | 83,000 | 83,000 | 83,000 | 83,000 | 165,000 | 165,000 | 165,000 | 165,000 | 126,000 | 40,000 | 40,000 | 40,000 | 40,000 | 59,000 | 59,000 | 59,000 | |||||||||||||||||||||||||||
total assets | 608,388,000 | 563,830,000 | 599,895,000 | 332,306,000 | 318,092,000 | 330,972,000 | 296,706,000 | 304,131,000 | 168,837,000 | 180,691,000 | 63,548,000 | 30,944,000 | 19,535,000 | 26,497,000 | 31,979,000 | 36,861,000 | 42,546,000 | 35,553,000 | 42,565,000 | 48,778,000 | 56,706,000 | 64,982,000 | 71,784,000 | 78,859,000 | 32,113,000 | 38,172,000 | 28,725,000 | 34,134,000 | 38,867,000 | 43,151,000 | 30,835,000 | 33,344,000 | 36,331,000 | 39,021,665 | 26,382,000 | 30,381,000 | 33,865,000 | 5,564,852 | 8,309,000 | 5,535,000 | 9,390,000 | 8,201,195 | 7,288,000 | 8,770,000 | 10,067,000 | 8,395,925 | 1,696,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 12,386,000 | 12,435,000 | 8,145,000 | 6,216,000 | 5,483,000 | 8,882,000 | 6,243,000 | 3,716,000 | 8,022,000 | 3,149,000 | 3,216,000 | 3,442,000 | 2,778,000 | 1,777,000 | 2,324,000 | 2,406,000 | 2,411,000 | 3,254,000 | 3,858,000 | 3,348,000 | 4,669,000 | 3,489,000 | 3,213,000 | 3,657,000 | 3,480,000 | 1,995,000 | 1,735,000 | 1,740,000 | 1,258,000 | 934,000 | 1,245,000 | 981,000 | 1,133,000 | 633,104 | 642,000 | 1,029,000 | 935,000 | 537,891 | 862,000 | 957,000 | 1,262,000 | 695,056 | 953,000 | 989,000 | 621,000 | 986,799 | 1,238,000 |
accrued compensation | 5,723,000 | 9,677,000 | 7,248,000 | 6,267,000 | 4,277,000 | 4,776,000 | 3,408,000 | 2,149,000 | 1,226,000 | 3,135,000 | 1,498,000 | 1,165,000 | 721,000 | 1,675,000 | 1,282,000 | 932,000 | 598,000 | 728,000 | 809,000 | 652,000 | 411,000 | 1,005,000 | 756,000 | 520,000 | 338,000 | 283,000 | |||||||||||||||||||||
operating lease liabilities | 1,163,000 | 726,000 | 697,000 | 676,000 | 597,000 | 526,000 | 448,000 | 296,000 | 310,000 | 273,000 | 39,000 | 155,000 | 239,000 | 337,000 | 344,000 | 282,000 | 290,000 | 180,000 | 57,000 | 139,000 | 220,000 | 298,000 | 315,000 | 305,000 | |||||||||||||||||||||||
contingent liability for essentialis purchase price | 13,846,000 | 20,327,000 | 19,473,000 | 18,859,000 | 17,758,000 | 14,791,000 | 14,464,000 | 13,587,000 | 11,950,000 | 11,549,000 | 10,468,000 | 9,447,000 | 9,134,000 | 8,835,000 | 9,437,000 | 9,305,000 | 8,689,000 | 9,547,000 | 12,876,000 | 12,325,000 | 9,291,000 | 10,278,000 | 10,138,000 | 9,364,000 | 6,522,000 | 5,938,000 | 6,066,000 | 6,038,000 | 5,855,000 | 5,649,000 | 5,671,000 | 5,443,000 | 5,510,000 | 5,081,840 | |||||||||||||
other current liabilities | 24,931,000 | 18,198,000 | 17,163,000 | 5,512,000 | 3,127,000 | 2,737,000 | 3,101,000 | 1,126,000 | 1,511,000 | 1,555,000 | 848,000 | 513,000 | 692,000 | 484,000 | 671,000 | 415,000 | 439,000 | 323,000 | 492,000 | 255,000 | 232,000 | 196,000 | 408,000 | 444,000 | 308,000 | 382,000 | |||||||||||||||||||||
total current liabilities | 58,049,000 | 61,363,000 | 33,253,000 | 20,943,000 | 15,731,000 | 18,747,000 | 14,962,000 | 9,150,000 | 13,464,000 | 11,505,000 | 28,993,000 | 8,798,000 | 7,761,000 | 7,313,000 | 7,342,000 | 7,246,000 | 7,313,000 | 8,007,000 | 9,042,000 | 8,362,000 | 9,509,000 | 8,618,000 | 7,996,000 | 8,363,000 | 7,287,000 | 4,964,000 | 3,454,000 | 2,855,000 | 2,250,000 | 1,877,000 | 2,508,000 | 1,945,000 | 1,942,000 | 1,732,769 | 1,731,000 | 2,122,000 | 2,172,000 | 1,707,378 | 1,777,000 | 1,901,000 | 2,579,000 | 3,192,735 | 6,028,000 | 13,349,000 | 1,059,000 | 1,289,785 | 1,596,000 |
long-term liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 49,871,000 | 49,863,000 | 49,854,000 | 49,845,000 | 49,836,000 | 49,828,000 | |||||||||||||||||||||||||||||||||||||||||
long-term lease liabilities | 3,243,000 | 1,964,000 | 2,112,000 | 2,248,000 | 2,361,000 | 2,472,000 | 2,581,000 | 37,000 | 130,000 | 79,000 | 175,000 | ||||||||||||||||||||||||||||||||||||
other long-term liabilities | 1,425,000 | 525,000 | 398,000 | 271,000 | 145,000 | 21,000 | 60,000 | 147,000 | 38,000 | 1,132,000 | 1,132,000 | 1,201,000 | 196,000 | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
total liabilities | 112,588,000 | 113,715,000 | 105,090,000 | 92,166,000 | 85,831,000 | 85,859,000 | 32,007,000 | 23,374,000 | 25,451,000 | 23,184,000 | 40,328,000 | 18,518,000 | 16,896,000 | 16,149,000 | 16,779,000 | 16,553,000 | 16,085,000 | 17,760,000 | 22,362,000 | 21,341,000 | 19,138,000 | 19,435,000 | 23,778,000 | 22,682,000 | 22,632,000 | 23,225,000 | 13,840,000 | 20,291,000 | 15,236,000 | 12,738,000 | 16,630,000 | 17,507,000 | 13,312,000 | 12,486,757 | 3,172,000 | 3,693,000 | 3,721,000 | 2,129,655 | 8,579,000 | 16,402,000 | 21,370,000 | ||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 52,000 | 52,000 | 54,000 | 50,000 | 49,000 | 46,000 | 41,000 | 38,000 | 33,000 | 32,000 | 15,000 | 10,000 | 8,000 | 8,000 | 8,000 | 120,000 | 120,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 45,000 | 45,000 | 32,000 | 32,000 | 32,000 | 32,000 | 21,000 | 21,000 | 20,000 | 19,239 | 10,000 | 48,000 | 47,000 | 16,786 | 15,000 | 15,000 | 15,000 | 14,018 | 12,000 | 8,000 | 7,000 | 6,769 | 1,000 |
additional paid-in-capital | 897,578,000 | 881,018,000 | 969,119,000 | 740,746,000 | 728,019,000 | 696,966,000 | 660,041,000 | 600,534,000 | 441,267,000 | 433,885,000 | 288,320,000 | 266,669,000 | 248,393,000 | 247,762,000 | 247,130,000 | 245,993,000 | 245,422,000 | 231,068,000 | 230,650,000 | 229,744,000 | 228,887,000 | 227,912,000 | 227,519,000 | 227,145,000 | 173,100,000 | 172,708,000 | 158,034,000 | 157,881,000 | 157,661,000 | 157,413,000 | 141,479,000 | 141,187,000 | 140,733,000 | 140,494,976 | 132,154,000 | 131,807,000 | 131,296,000 | 101,730,285 | 101,395,000 | 95,543,000 | 95,255,000 | 89,456,466 | 82,099,000 | 72,469,000 | 70,679,000 | 60,635,664 | 20,741,000 |
accumulated other comprehensive income | -1,838,000 | 415,000 | 360,000 | 85,000 | 16,000 | ||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -399,992,000 | -431,370,000 | -474,728,000 | -500,741,000 | -496,033,000 | -452,260,000 | -396,278,000 | -319,662,000 | -297,808,000 | -276,410,000 | -265,114,000 | -254,253,000 | -245,778,000 | -237,422,000 | -231,936,000 | -225,804,000 | -219,079,000 | -213,355,000 | -210,527,000 | -202,387,000 | -191,399,000 | -182,445,000 | -179,593,000 | -171,048,000 | -163,664,000 | -157,806,000 | -143,181,000 | -144,070,000 | -134,062,000 | -127,032,000 | -127,295,000 | -125,371,000 | -117,734,000 | -113,979,312 | -108,954,000 | -105,167,000 | -101,199,000 | -98,311,887 | -95,698,000 | -92,948,000 | -89,436,000 | -86,246,673 | -83,402,000 | -80,109,000 | -81,989,000 | -70,975,024 | -63,120,000 |
total stockholders’ equity | 495,800,000 | 450,115,000 | 494,805,000 | 240,140,000 | 232,261,000 | 245,113,000 | 264,699,000 | 280,757,000 | 143,386,000 | 157,507,000 | 23,220,000 | 12,426,000 | 2,639,000 | 10,348,000 | 15,200,000 | 20,308,000 | 26,461,000 | 17,793,000 | 20,203,000 | 27,437,000 | 37,568,000 | 45,547,000 | 48,006,000 | 56,177,000 | 9,481,000 | 14,947,000 | 14,885,000 | 13,843,000 | 23,631,000 | 30,413,000 | 14,205,000 | 15,837,000 | 23,019,000 | 26,534,908 | 23,210,000 | 26,688,000 | 30,144,000 | 3,435,197 | 5,712,000 | 2,610,000 | 5,834,000 | 3,223,816 | |||||
total liabilities and stockholders’ equity | 608,388,000 | 563,830,000 | 599,895,000 | 332,306,000 | 318,092,000 | 330,972,000 | 296,706,000 | 304,131,000 | 168,837,000 | 180,691,000 | 63,548,000 | 30,944,000 | 19,535,000 | 26,497,000 | 31,979,000 | 36,861,000 | 42,546,000 | 35,553,000 | 42,565,000 | 48,778,000 | 56,706,000 | 64,982,000 | 71,784,000 | 78,859,000 | 32,113,000 | 38,172,000 | 28,725,000 | 34,134,000 | 38,867,000 | 43,151,000 | 30,835,000 | 33,344,000 | 36,331,000 | 39,021,665 | 26,382,000 | 30,381,000 | 33,865,000 | 5,564,852 | 8,309,000 | 5,535,000 | 9,390,000 | 8,201,195 | |||||
accrued clinical trial site costs | 1,863,000 | 1,824,000 | 1,826,000 | 1,762,000 | 1,863,000 | 2,395,000 | 3,393,000 | 3,237,000 | 3,466,000 | 3,531,000 | 3,222,000 | 2,826,000 | 3,156,000 | 3,521,000 | 3,420,000 | 3,593,000 | 3,927,000 | 4,140,000 | 3,789,000 | 3,399,000 | 3,444,000 | 2,846,000 | 1,999,000 | ||||||||||||||||||||||||
accrued interest payable | 409,000 | 423,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive gain | 226,000 | 361,000 | 895,000 | ||||||||||||||||||||||||||||||||||||||||||||
common stock purchase liability | 637,000 | 19,938,000 | |||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -153,000 | -106,000 | -1,000 | -2,000 | -1,000 | -2,000 | |||||||||||||||||||||||||||||||||||||||||
short-term investments | 106,780,000 | ||||||||||||||||||||||||||||||||||||||||||||||
long-term investments | 8,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||
2018 pipe warrant liability | 653,000 | 1,000 | 1,000 | 2,000 | 4,000 | 31,000 | 170,000 | 282,000 | 338,000 | 539,000 | 867,000 | 725,000 | 1,107,000 | 1,354,000 | 590,000 | 1,145,000 | 784,000 | 600,000 | |||||||||||||||||||||||||||||
operating lease liabilities - current | 256,000 | 212,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities - noncurrent | 214,000 | 273,000 | |||||||||||||||||||||||||||||||||||||||||||||
finance lease right-of-use assets | 13,000 | 15,000 | 17,000 | 20,000 | 22,000 | 24,000 | |||||||||||||||||||||||||||||||||||||||||
operating lease liabilities, net of current | 274,000 | 372,000 | |||||||||||||||||||||||||||||||||||||||||||||
2017 pipe warrant liability | 4,777,000 | 4,230,000 | 7,656,000 | 10,822,000 | 3,667,000 | 10,202,000 | 6,274,000 | 4,563,000 | 6,641,000 | 8,036,000 | 4,927,000 | 5,076,000 | |||||||||||||||||||||||||||||||||||
due from related party | 9,000 | 18,000 | 72,000 | 64,000 | |||||||||||||||||||||||||||||||||||||||||||
minority interest investment in former subsidiary | 623,000 | 788,000 | 978,000 | ||||||||||||||||||||||||||||||||||||||||||||
series a warrant liability | 25,000 | 51,000 | 73,000 | 49,000 | 58,000 | 1,015,000 | 291,000 | 351,713 | 289,000 | 415,000 | 291,000 | 194,048 | 509,000 | 631,000 | 558,000 | 1,212,803 | 1,819,000 | 2,159,000 | 3,582,000 | ||||||||||||||||||||||||||||
preferred stock, .001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 shares designated at december 31, 2019 and december 31, 2018; zero shares issued and outstanding at december 31, 2019 and at december 31, 2018. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
accrued compensation and other current liabilities | 1,719,000 | 1,115,000 | 992,000 | 943,000 | 1,153,000 | 862,000 | 721,000 | 973,054 | 976,000 | 879,000 | 1,237,000 | 1,169,487 | 915,000 | 944,000 | 1,317,000 | 1,632,679 | 1,224,000 | 1,223,000 | 438,000 | 201,457 | |||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 shares designated at september 30, 2019 and december 31, 2018; zero shares issued and outstanding at september 30, 2019 and at december 31, 2018. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 shares designated at june 30, 2019 and december 31, 2018; zero shares issued and outstanding at june 30, 2019 and at december 31, 2018. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 shares designated at march 31, 2019 and december 31, 2018; zero shares issued and outstanding at march 31, 2019 and at december 31, 2018. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 111,000 | 35,000 | 20,000 | 20,000 | 20,000 | ||||||||||||||||||||||||||||||||
current assets held for sale | 847,000 | 470,000 | 484,000 | 516,373 | 563,000 | 2,323,000 | |||||||||||||||||||||||||||||||||||||||||
other assets | 126,000 | 126,000 | 125,530 | 126,000 | 126,000 | 126,000 | 125,530 | 126,000 | 76,000 | 76,000 | 76,340 | ||||||||||||||||||||||||||||||||||||
long-term assets held for sale | 453,000 | 453,000 | 453,000 | 466,387 | 458,000 | ||||||||||||||||||||||||||||||||||||||||||
current liabilities held for sale | 110,000 | 102,000 | 88,000 | 126,611 | 113,000 | 214,000 | |||||||||||||||||||||||||||||||||||||||||
series c warrant liability | 2,000 | 5,000 | 4,000 | 5,880 | 20,000 | 24,000 | 57,000 | 85,490 | 115,000 | 193,000 | 219,000 | 462,437 | 581,000 | 894,000 | 2,549,000 | ||||||||||||||||||||||||||||||||
other liabilities | 13,000 | 13,000 | 13,163 | 142,739 | 109,404 | 151,000 | |||||||||||||||||||||||||||||||||||||||||
long-term liabilities held for sale | 1,750,000 | 1,050,000 | 625,000 | 225,392 | |||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 shares designated at december 31, 2018 and december 31, 2017; zero and 4,571 shares issued and outstanding at december 31, 2018 and at december 31, 2017, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 are designated at september 30, 2018 and december 31, 2017; nil and 4,571 shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 are designated at june 30, 2018 and december 31, 2017; nil and 4,571 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 are designated at march 31, 2018 and december 31, 2017; 3,571 and 4,571 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 shares designated at december 31, 2017, and december 31, 2016; 4,571 and 12,780 shares issued and outstanding at december 31, 2017, and at december 31, 2016, respectively. liquidation value of zero. | 5 | ||||||||||||||||||||||||||||||||||||||||||||||
other intangible assets | 19,353,000 | 19,884,000 | 21,128,000 | 817,465 | 842,000 | 867,000 | 892,000 | 916,807 | 946,000 | ||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 are designated at september 30, 2017 and december 31, 2016; 10,049 and 12,780 shares issued and outstanding at september 30, 2017 and at december 31, 2016, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 are designated at june 30, 2017 and december 31, 2016; 12,179 and 12,780 shares issued and outstanding at june 30, 2017 and at december 31, 2016, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 718,000 | 718,003 | 718,000 | 718,000 | 718,000 | 718,003 | 718,000 | ||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 are designated at march 31, 2017 and december 31, 2016; 12,179 and 12,780 shares issued and outstanding at march 31, 2017 and at december 31, 2016, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b warrant liability | 865,000 | 3,851,000 | 11,025,000 | 14,180,000 | 17,438,731 | ||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock, 10,000 shares designated; zero and 4,555 issued and outstanding at december 31, 2016 and december 31, 2015, respectively. liquidation value of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 and zero shares designated at december 31, 2016 and december 31, 2015, respectively; 12,780 and zero shares issued and outstanding at december 31, 2016 and at december 31, 2015, respectively. liquidation value of zero. | 13 | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock, 10,000 shares designated; zero and 4,555 issued and outstanding at september 30, 2016 and december 31, 2015, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 13,780 and zero shares designated at september 30, 2016 and december 31, 2015, respectively; 13,780 and zero shares issued and outstanding at september 30, 2016 and at december 31, 2015, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock, 0.001 par value... | 5 | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
line of credit and accrued interest | 101,529 | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||
total long-term liabilities | 2,551,000 | 3,053,000 | 20,311,000 | ||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -1,291,000 | -7,632,000 | -11,303,000 | -10,332,591 | -42,378,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 7,288,000 | 8,770,000 | 10,067,000 | 8,395,925 | 1,696,000 | ||||||||||||||||||||||||||||||||||||||||||
patent | 562,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock issuable | 112,000 | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||
convertible promissory notes and accrued interest | |||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock warrant liability | 3,066,000 | ||||||||||||||||||||||||||||||||||||||||||||||
commitments | |||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock, 0.001 par value... | 6,863,000 | ||||||||||||||||||||||||||||||||||||||||||||||
series c convertible preferred stock, 0.001 par value... | 15,445,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 1,353,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | 358,000 | ||||||||||||||||||||||||||||||||||||||||||||||
convertible promissory notes and accrued interest, net of discounts | 15,604,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
net income | 31,378,000 | |||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 514,000 | 509,000 | 502,000 | 502,000 | 504,000 | 503,000 | 500,000 | 494,000 | 490,000 | 489,000 | 490,000 | 489,000 | 490,000 | 488,000 | 492,000 | 492,000 | 492,000 | 492,000 | 492,000 | 490,000 | 489,000 | 488,000 | 489,000 | 488,000 | 489,000 | 490,000 | 490,000 | 489,000 | 489,000 | 490,000 | 490,000 | 491,000 | 492,000 | 582,271 | 459,000 | 419,000 | 151,000 | 37,640 | 39,000 | 35,000 | 20,000 | 60,228 | 17,000 | 16,000 | 15,000 | 8,516 |
accretion of premium/discount on marketable securities | -221,000 | -1,192,000 | -371,000 | -974,000 | -980,000 | -1,400,000 | -1,909,000 | |||||||||||||||||||||||||||||||||||||||
non-cash lease expense | 149,000 | 123,000 | 120,000 | 169,000 | 195,000 | 111,000 | 70,000 | 69,000 | 67,000 | 109,000 | 78,000 | 73,000 | 71,000 | 71,000 | 69,000 | 75,000 | 76,000 | |||||||||||||||||||||||||||||
amortization of debt issuance costs | 8,000 | 9,000 | 9,000 | 9,000 | 8,000 | |||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 16,056,000 | 11,471,000 | 9,998,000 | 9,698,000 | 14,679,000 | 29,755,000 | 56,598,000 | 7,160,000 | 6,445,000 | 1,909,000 | 2,201,000 | 1,204,000 | 631,000 | 632,000 | 683,000 | 571,000 | 644,000 | 418,000 | 906,000 | 857,000 | 1,095,000 | 393,000 | 374,000 | 341,000 | 392,000 | 295,000 | 153,000 | 175,000 | 202,000 | 257,000 | 211,000 | 179,000 | 341,000 | 25,031 | 227,000 | 443,000 | 185,000 | 311,270 | 206,000 | 218,000 | 136,000 | 196,369 | 144,000 | 201,000 | 401,000 | 324,435 |
change in fair value of contingent consideration | 484,000 | 854,000 | 614,000 | 1,101,000 | 2,967,000 | 327,000 | 877,000 | 1,637,000 | 401,000 | 1,081,000 | 1,021,000 | 313,000 | 299,000 | -602,000 | 132,000 | 616,000 | -858,000 | -3,329,000 | 551,000 | 3,034,000 | -987,000 | 140,000 | 774,000 | 2,842,000 | 584,000 | -128,000 | 28,000 | 183,000 | 206,000 | -22,000 | 228,000 | -67,000 | 428,000 | 5,000 | 8,000 | 8,000 | 19,000 | |||||||||
other non-cash reconciling items | -28,000 | -13,000 | 14,000 | 12,000 | 4,000 | -1,000 | -1,000 | -1,000 | 16,000 | -1,000 | 1,000 | -2,000 | ||||||||||||||||||||||||||||||||||
change in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -18,931,000 | -2,702,000 | -882,000 | 23,000 | 3,790 | 151,000 | -101,000 | -31,000 | -62,127 | -82,000 | -4,000 | -8,000 | 37,605 | |||||||||||||||||||||||||||||||||
inventory | -1,831,000 | -8,020,000 | -3,916,000 | 32,000 | -195,000 | 42,617 | 71,000 | -121,000 | -102,000 | |||||||||||||||||||||||||||||||||||||
prepaid expenses, other current assets and other assets | 780,000 | -3,451,000 | -948,000 | 3,077,000 | -3,416,000 | -1,029,000 | -101,000 | 299,000 | 81,000 | -660,000 | 113,000 | 44,000 | -334,000 | -224,000 | 3,000 | 220,000 | 114,000 | -15,000 | 98,000 | -671,000 | 157,000 | 126,000 | -161,000 | |||||||||||||||||||||||
accounts payable | -2,970,000 | 4,286,000 | 1,929,000 | 733,000 | -3,336,000 | 2,578,000 | 2,527,000 | -4,298,000 | 4,865,000 | 34,000 | -341,000 | 678,000 | 1,001,000 | -547,000 | -82,000 | 198,000 | -1,046,000 | -604,000 | 522,000 | -1,333,000 | 1,180,000 | 279,000 | -404,000 | 134,000 | 1,485,000 | 260,000 | -5,000 | 482,000 | 324,000 | -363,000 | 264,000 | -61,000 | 409,000 | -41,370 | -38,000 | 445,000 | -175,000 | -324,163 | -159,000 | -293,000 | 627,000 | -330,055 | 141,000 | 202,000 | 199,000 | 250,897 |
accrued compensation | -3,954,000 | 2,429,000 | 981,000 | 1,990,000 | -499,000 | 1,368,000 | 1,259,000 | 923,000 | -1,909,000 | 1,637,000 | 333,000 | 444,000 | -954,000 | 393,000 | 350,000 | 334,000 | -130,000 | -81,000 | 157,000 | 241,000 | -594,000 | 249,000 | 236,000 | 182,000 | 55,000 | |||||||||||||||||||||
operating lease liabilities | -133,000 | -119,000 | -115,000 | -34,000 | -40,000 | -31,000 | -45,000 | -51,000 | -56,000 | -67,000 | -15,000 | -111,000 | -116,000 | -84,000 | -98,000 | -86,000 | -34,000 | -107,000 | 12,000 | -86,000 | -82,000 | -81,000 | -217,000 | -17,000 | 10,000 | |||||||||||||||||||||
essentialis acquisition milestone payments | -2,954,000 | |||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 7,633,000 | 1,162,000 | 9,543,000 | 2,497,000 | 937,000 | -341,000 | 1,975,000 | -385,000 | -44,000 | 805,000 | 237,000 | -179,000 | 208,000 | -187,000 | 256,000 | 55,000 | 37,000 | -164,000 | 237,000 | 21,000 | 41,000 | -170,000 | 255,000 | -105,000 | -157,000 | |||||||||||||||||||||
net cash from operating activities | 25,980,000 | 48,704,000 | 43,454,000 | -12,608,000 | -32,752,000 | -23,991,000 | -14,926,000 | -17,651,000 | -12,528,000 | -6,314,000 | -6,332,000 | -5,566,000 | -6,728,000 | -5,143,000 | -4,656,000 | -4,620,000 | -6,362,000 | -6,863,000 | -5,406,000 | -8,013,000 | -7,488,000 | -6,867,000 | -6,164,000 | -6,534,000 | -5,659,000 | -5,076,000 | -4,719,000 | -3,893,000 | -3,687,000 | -3,736,000 | -2,677,000 | -2,750,000 | -2,520,000 | -2,731,958 | -2,271,000 | -2,764,000 | -2,183,000 | -2,687,980 | -2,786,000 | -4,040,000 | -3,984,000 | -3,378,330 | -2,861,000 | -2,251,000 | -1,809,000 | -1,556,362 |
capital expenditures | -36,000 | -58,000 | -1,000 | -9,000 | -5,000 | -8,000 | -191,000 | -8,000 | -3,000 | 0 | 0 | 0 | 0 | -6,000 | 0 | 0 | -13,000 | -5,000 | 0 | -4,000 | -6,000 | 0 | 0 | -5,000 | 0 | -6,000 | -10,000 | -2,000 | -5,000 | 0 | 0 | 1,431 | 0 | 0 | -4,000 | 320 | 0 | -20,000 | -19,000 | -7,777 | -32,000 | -15,000 | -1,000 | 0 | ||
free cash flows | 25,944,000 | 48,646,000 | 43,453,000 | -12,617,000 | -32,757,000 | -23,999,000 | -15,117,000 | -17,659,000 | -12,531,000 | -6,314,000 | -6,332,000 | -5,566,000 | -6,728,000 | -5,149,000 | -4,656,000 | -4,620,000 | -6,876,000 | -5,411,000 | -8,013,000 | -7,492,000 | -6,873,000 | -6,164,000 | -6,534,000 | -5,081,000 | -4,719,000 | -3,899,000 | -3,697,000 | -3,738,000 | -2,682,000 | -2,750,000 | -2,520,000 | -2,730,527 | -2,271,000 | -2,764,000 | -2,187,000 | -2,687,660 | -2,786,000 | -4,060,000 | -4,003,000 | -3,386,107 | -2,893,000 | -2,266,000 | -1,810,000 | -1,556,362 | ||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -40,000 | -58,000 | -1,000 | -9,000 | -5,000 | -8,000 | -191,000 | -8,000 | -11,000 | -6,000 | 0 | -13,000 | -5,000 | 0 | -4,000 | -4,000 | -5,000 | 0 | -6,000 | -10,000 | -2,000 | -5,000 | ||||||||||||||||||||||||
purchases of marketable securities | -101,268,000 | -187,840,000 | -163,172,000 | -59,406,000 | -45,358,000 | -47,549,000 | -47,769,000 | -145,913,000 | -115,233,000 | |||||||||||||||||||||||||||||||||||||
maturities of marketable securities | 139,291,000 | 62,538,000 | 71,730,000 | 51,500,000 | 68,300,000 | 54,000,000 | 52,000,000 | |||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 37,983,000 | -125,360,000 | -91,443,000 | -7,915,000 | 22,937,000 | 6,443,000 | 4,040,000 | -120,921,000 | -115,244,000 | -6,000 | 0 | -13,000 | -5,000 | 0 | -4,000 | -4,000 | 103,000 | 441,000 | -6,000 | -10,000 | 239,782 | 371,000 | -228,000 | -4,000 | 320 | 0 | -20,000 | -19,000 | -31,777 | -1,258,000 | -30,000 | -1,000 | ||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
payment for repurchase of common stock | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | 0 | 0 | 0 | -62,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock warrants | 0 | 2,176,000 | 3,011,000 | 923,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 52,000 | 954,000 | 2,255,000 | 13,724,000 | 269,000 | -1,000 | 765,000 | 537,000 | 15,000 | |||||||||||||||||||||||||||||||||||||
tax withholding payments for net share-settled equity awards | -1,000 | -708,000 | 0 | 0 | 0 | 0 | -16,000 | 0 | 0 | 0 | -120,000 | |||||||||||||||||||||||||||||||||||
net cash from financing activities | -1,043,000 | -99,900,000 | 218,154,000 | 15,689,000 | 3,218,000 | 57,063,000 | 2,275,000 | 152,749,000 | 938,000 | 123,558,000 | 39,401,000 | 0 | 342,000 | -282,000 | 14,032,000 | -5,000 | 0 | 2,000 | -125,000 | -42,000 | -195,000 | 53,963,000 | -4,000 | 16,302,000 | 700,000 | 537,000 | 288,000 | 13,944,687 | 0 | 0 | 10,000,000 | -867 | 5,699,000 | 70,000 | 5,000,000 | 4,184,920 | 1,309,000 | 282,000 | 3,382,000 | 9,479,985 | ||||||
net increase in cash and cash equivalents | 62,920,000 | -176,556,000 | 39,515,000 | -8,611,000 | 117,244,000 | 33,069,000 | 11,494,000 | -6,728,000 | -4,909,000 | 7,670,000 | -6,881,000 | -5,411,000 | -6,913,000 | -6,362,000 | -1,900,000 | -2,992,000 | 7,813,000 | 997,000 | 774,813 | -2,810,000 | -1,999,000 | 1,572,000 | ||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 70,106,000 | 0 | 0 | 0 | 87,928,000 | 0 | 0 | 0 | 169,681,000 | 0 | 0 | 0 | 14,602,000 | 0 | 0 | 0 | 21,304,000 | 0 | 0 | 0 | 49,224,000 | 0 | 0 | 0 | 20,733,000 | -4 | 0 | 0 | 2,726,000 | -477 | 0 | 0 | 5,495,000 | -290 | 0 | 0 | 7,957,000 | -230 | ||||||||
cash and cash equivalents, end of period | 133,026,000 | -176,556,000 | 170,165,000 | -4,834,000 | 81,331,000 | 39,515,000 | -8,611,000 | 14,177,000 | 42,847,000 | 117,244,000 | 33,069,000 | 11,494,000 | 7,874,000 | -5,149,000 | -4,314,000 | -4,909,000 | 28,974,000 | -6,881,000 | -5,411,000 | -8,011,000 | 41,607,000 | -6,913,000 | -6,362,000 | 47,429,000 | 15,070,000 | 11,452,507 | -1,900,000 | -2,992,000 | 10,539,000 | -2,689,004 | 2,913,000 | -3,990,000 | 6,492,000 | 774,523 | -2,810,000 | -1,999,000 | 9,529,000 | 7,892,710 | ||||||||
supplemental disclosure of non-cash operating and financing information | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 1,155,000 | 1,218,000 | 1,256,000 | 1,255,000 | 805,000 | |||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for operating lease obligations | 1,849,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable | 4,000 | 8,000 | ||||||||||||||||||||||||||||||||||||||||||||
change in fair value of stock warrants | 653,000 | -2,000 | -2,000 | -27,000 | -139,000 | -112,000 | -56,000 | -201,000 | -5,105,000 | 689,000 | -3,808,000 | -3,413,000 | 7,894,000 | -7,116,000 | 4,267,000 | 1,919,000 | -2,071,000 | -2,073,000 | 3,834,000 | -212,000 | ||||||||||||||||||||||||||
proceeds from issuance of debt, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock, net of issuance costs | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock, common stock warrants and pre-funded stock warrants, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock and pre-funded stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
common stock repurchase costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash exercise of 2018 pipe warrants | ||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
net loss | 26,013,000 | -4,708,000 | -43,773,000 | -55,982,000 | -76,616,000 | -21,854,000 | -21,398,000 | -11,296,000 | -10,861,000 | -8,475,000 | -8,356,000 | -5,486,000 | -6,132,000 | -6,725,000 | -5,724,000 | -2,828,000 | -8,140,000 | -10,988,000 | -8,954,000 | -2,852,000 | -8,545,000 | -7,384,000 | -5,858,000 | -14,625,000 | 889,000 | -10,008,000 | -7,030,000 | 263,000 | -2,206,000 | -7,637,000 | -3,755,000 | -5,025,425 | -3,786,000 | -3,969,000 | -2,887,000 | -2,613,214 | -2,750,000 | -3,513,000 | -3,189,000 | -2,844,546 | -3,294,000 | 1,881,000 | -11,651,000 | -7,855,513 | ||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock warrants and pre-funded common stock warrants, net of costs | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds received prior to and for the issuance of common stock and pre-funded warrants | ||||||||||||||||||||||||||||||||||||||||||||||
accrued clinical trial site costs | 39,000 | -2,000 | 64,000 | -101,000 | -532,000 | -998,000 | 156,000 | -229,000 | -65,000 | 309,000 | 396,000 | -330,000 | -365,000 | 101,000 | -173,000 | -334,000 | -213,000 | 351,000 | 390,000 | -45,000 | 598,000 | 847,000 | ||||||||||||||||||||||||
payment of deferred financing costs | ||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -4,834,000 | -6,597,000 | -126,834,000 | -5,149,000 | -7,617,000 | -5,663,000 | -2,688,527 | 2,913,000 | ||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||
noncash lease expense | 73,000 | 73,000 | 69,000 | 68,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock and common stock warrants, net of costs | ||||||||||||||||||||||||||||||||||||||||||||||
unpaid financing costs included in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds received prior to and for the issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing information | ||||||||||||||||||||||||||||||||||||||||||||||
unpaid financing costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
accretion of premium/discount on investments | -473,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in fair value of common stock warrants | -130,000 | 90,000 | 69,000 | -200,000 | 47,000 | -1,170,000 | -72,000 | -4,925,000 | 6,174,000 | |||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock, common stock warrants and pre-funded stock warrants, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock warrants and pre-funded stock warrants, net of costs | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from stock option exercises | 337,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing information | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock and common stock warrants, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock and pre-funded warrants, net of costs | 342,000 | -282,000 | 14,048,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock warrants, net of costs | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock and common stock warrants, net of costs | ||||||||||||||||||||||||||||||||||||||||||||||
unpaid costs for issuing common stock and pre-funded warrants | 282,000 | |||||||||||||||||||||||||||||||||||||||||||||
gross proceeds from sale of common stock and common stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
payment of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
principal paid on finance lease liabilities | -5,000 | 0 | 2,000 | -5,000 | -4,000 | -5,000 | -4,000 | -4,000 | ||||||||||||||||||||||||||||||||||||||
right-of use assets obtained in exchange for operating lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash activities | ||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for operating lease obligations | 0 | |||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment in accounts payable | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 96,000 | 132,000 | -74,000 | 47,000 | 175,000 | -80,000 | ||||||||||||||||||||||||||||||||||||||||
other long-term assets | 810 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock, net of costs | -190,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
operating loss of minority interest investment | ||||||||||||||||||||||||||||||||||||||||||||||
due from related party | 9,000 | 9,000 | 54,000 | -8,000 | ||||||||||||||||||||||||||||||||||||||||||
security deposit on sublease | 0 | |||||||||||||||||||||||||||||||||||||||||||||
security deposit received from expired lease | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of minority interest investment in former subsidiary | 0 | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing information | ||||||||||||||||||||||||||||||||||||||||||||||
operating loss on minority interest investment | 123,000 | 165,000 | 190,000 | |||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment with capital lease obligation | ||||||||||||||||||||||||||||||||||||||||||||||
financing costs in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -130,000 | -427,000 | -423,000 | -514,000 | -544,575 | -1,679,000 | ||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -14,625,000 | 889,000 | -10,008,000 | -7,030,000 | 393,000 | -1,779,000 | -7,214,000 | -3,241,000 | -4,480,850 | -2,107,000 | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss from continuing operations to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
gain on deconsolidation of former subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing operating activities | -5,076,000 | -4,719,000 | -3,893,000 | -3,687,000 | -3,548,000 | -2,273,000 | -2,468,000 | -2,033,000 | -2,277,768 | -1,122,000 | ||||||||||||||||||||||||||||||||||||
net cash from discontinued operating activities | -188,000 | -404,000 | -282,000 | -487,000 | -1,149,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from continuing investing activities | 103,000 | 441,000 | -6,000 | -10,000 | -2,000 | -5,000 | 15,002 | -350,000 | ||||||||||||||||||||||||||||||||||||||
net cash from discontinued investing activities | 224,780 | 721,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing financing activities | -112,000 | 13,944,687 | 0 | |||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued financing activities | 0 | 700,000 | 425,000 | 400,000 | ||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing information | ||||||||||||||||||||||||||||||||||||||||||||||
accrued liability for cost of issuing common stock | ||||||||||||||||||||||||||||||||||||||||||||||
warrants issued in connection with sale of common stock | ||||||||||||||||||||||||||||||||||||||||||||||
board fees paid with common stock | 0 | 45,000 | 46,000 | 78,000 | 61,000 | 54,000 | 82,000 | 82,786 | 82,000 | 68,000 | 45,000 | |||||||||||||||||||||||||||||||||||
accrued compensation and other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash from continuing operations | -4,278,000 | -3,899,000 | -3,697,000 | |||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash from discontinued operations | 296,000 | |||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -4,278,000 | -3,899,000 | -3,697,000 | |||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents included in current assets held for sale | -372,000 | -94,000 | -2,000 | |||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 23,099,000 | 0 | 0 | 0 | 17,135,000 | |||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | -4,278,000 | -3,899,000 | 19,402,000 | 12,860,000 | -2,354,000 | -2,308,000 | 14,901,000 | |||||||||||||||||||||||||||||||||||||||
accrued compensation and other current liabilities | 123,000 | 49,000 | -210,000 | 278,000 | 141,000 | -252,000 | -4,303 | 119,000 | -239,000 | 46,000 | 255,808 | -30,000 | -372,000 | -317,000 | ||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash from discontinued operations | -87,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for the issuance of common stock and common stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash expense of issuing shares to aspire capital | 0 | 0 | 602,000 | |||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | -20,040 | 0 | 17,000 | -37,000 | -40,365 | -12,000 | -8,000 | 72,000 | ||||||||||||||||||||||||||||||||||||||
costs of essentialis acquisition paid | -350,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 0 | 0 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock and common stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash from continuing operations | 12,752,000 | -2,278,000 | -2,357,000 | -2,145,000 | ||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 12,392,000 | -1,982,000 | -2,214,000 | -2,232,000 | ||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in essentialis acquisition | 0 | -22,000 | 18,786,000 | |||||||||||||||||||||||||||||||||||||||||||
contingent consideration of essentialis acquisition | 0 | 0 | 1,090,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from (used) in investing activities | ||||||||||||||||||||||||||||||||||||||||||||||
costs of essentialis acquisition included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for the issuance cost of common stock and common stock warrants | -112,000 | |||||||||||||||||||||||||||||||||||||||||||||
contingent cash consideration of essentialis acquisition | ||||||||||||||||||||||||||||||||||||||||||||||
costs of issuing common stock and common stock warrants recorded in accounts payable | 91,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss on disposition of equipment | ||||||||||||||||||||||||||||||||||||||||||||||
inducement charge for series c warrants | -625 | 0 | 0 | 3,050,000 | ||||||||||||||||||||||||||||||||||||||||||
noncash expense of issuing shares to aspire capital | ||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -197,356 | 100,000 | 16,000 | -15,000 | -28,928 | -60,000 | 59,000 | -49,000 | 57,630 | 86,000 | -52,000 | -7,000 | -66,123 | |||||||||||||||||||||||||||||||||
net cash from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||
costs of essentialis acquisition | ||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment | 1,431 | 0 | 0 | -4,000 | 320 | 0 | -20,000 | -19,000 | -7,777 | -32,000 | -15,000 | -1,000 | ||||||||||||||||||||||||||||||||||
cash paid for the cost issuance of common stock and common stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock options | 102 | 0 | -427 | 0 | 282,000 | 12,000 | ||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of series a convertible preferred | ||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of series b convertible preferred | ||||||||||||||||||||||||||||||||||||||||||||||
redemption of series a convertible preferred stock in conjunction with issuance of series b convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred transaction costs paid | ||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and equivalents | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash investing and financing information | ||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for essentialis acquisition | ||||||||||||||||||||||||||||||||||||||||||||||
conversion of series a preferred to common stock | -1,020,000 | 0 | 555,000 | 1,665,000 | ||||||||||||||||||||||||||||||||||||||||||
conversion of series b preferred to common stock | 6,000 | |||||||||||||||||||||||||||||||||||||||||||||
series b preferred convertible stock transaction costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
fixed asset purchases included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
de-recognition of series b warrant liability through cashless exercise | ||||||||||||||||||||||||||||||||||||||||||||||
loss on disposition of property & equipment | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of series a preferred convertible stock | 0 | 0 | 5,071,000 | |||||||||||||||||||||||||||||||||||||||||||
series a preferred convertible stock transaction costs paid | 0 | 0 | -71,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of series b preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||
redemption of series a preferred stock in conjunction with issuance of series b preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | -1,471,000 | |||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -429,000 | |||||||||||||||||||||||||||||||||||||||||||||
de-recognition of series b warrant liability | -1,000 | 0 | 6,748,000 | |||||||||||||||||||||||||||||||||||||||||||
series b preferred transactions costs in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
fixed asset purchases in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
costs of essentialis acquistions included in accounts payable | 572,000 | |||||||||||||||||||||||||||||||||||||||||||||
provision for deferred taxes | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition of neoforce assets | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition of bddi asset | ||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | 76,000 | -76,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of series a warrants | 0 | 0 | 0 | 156,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of series b warrants | -111,287 | 0 | 0 | 3,832,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock to aspire capital | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of credit line | 471 | 0 | 0 | -102,000 | ||||||||||||||||||||||||||||||||||||||||||
initial public offering costs paid | -45,181 | 0 | 0 | -530,000 | ||||||||||||||||||||||||||||||||||||||||||
series a preferred convertible stock transaction costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
de-recognition of series b warrant liability through cash exercise | ||||||||||||||||||||||||||||||||||||||||||||||
de-recognition of series a warrant liability through cash exercise | ||||||||||||||||||||||||||||||||||||||||||||||
bddi patent purchase consideration included in accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
shares issued as consideration for bddi patent purchase | ||||||||||||||||||||||||||||||||||||||||||||||
cashless exercise of 2010 and 2012 warrants | ||||||||||||||||||||||||||||||||||||||||||||||
contribution of series b warrants | ||||||||||||||||||||||||||||||||||||||||||||||
loss on disposition of property and equipment | 0 | -273 | ||||||||||||||||||||||||||||||||||||||||||||
cash paid for purchase of assets of neoforce group, inc. | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for patent acquisition | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of series b preferred convertible stock | ||||||||||||||||||||||||||||||||||||||||||||||
redemption of series a preferred convertible stock in conjunction with issuance of series b convertible preferred | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other exercise of series b warrants | 0 | 0 | 189,000 | |||||||||||||||||||||||||||||||||||||||||||
series b warrant transaction costs paid | -131,000 | 0 | -175,000 | |||||||||||||||||||||||||||||||||||||||||||
patent costs included in accrued liabilities | -150,000 | |||||||||||||||||||||||||||||||||||||||||||||
stock issuable in consideration for patent purchase | ||||||||||||||||||||||||||||||||||||||||||||||
de-recognition of series a warrant liability | 0 | 0 | 42,000 | |||||||||||||||||||||||||||||||||||||||||||
reduction in initial public offering costs payable | 0 | 0 | 45,000 | |||||||||||||||||||||||||||||||||||||||||||
cashless exercise of 2010/2012 warrants | 0 | 0 | 13,000 | |||||||||||||||||||||||||||||||||||||||||||
de-recognition of series b warrants contributed back to the company | 0 | 0 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||
series b transaction costs in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
series b warrant transaction costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
fixed asset costs included in accounts payable | 11,000 | |||||||||||||||||||||||||||||||||||||||||||||
series b warrant transaction costs accrued and included in accrued compensation and other current liabilities | 131,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense relating to convertible promissory notes & amortization of discount on notes | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense relating to line of credit | ||||||||||||||||||||||||||||||||||||||||||||||
other receivables | ||||||||||||||||||||||||||||||||||||||||||||||
accrued compensation & other current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series a convertible preferred | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes payable | 493,781 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from line of credit | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering | ||||||||||||||||||||||||||||||||||||||||||||||
initial public offering costs accrued and included in accounts payable | ||||||||||||||||||||||||||||||||||||||||||||||
beneficial conversion feature related to the warrants to purchase shares of convertible preferred stock in connection with convertible promissory notes | ||||||||||||||||||||||||||||||||||||||||||||||
issuance of warrants for the purchase of convertible preferred stock in connection with notes payable | ||||||||||||||||||||||||||||||||||||||||||||||
2014 notes payable converted into units in the ipo | ||||||||||||||||||||||||||||||||||||||||||||||
2010/2012 notes payable converted into common stock in conjunction with ipo | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense relating to warrants and convertible promissory notes | ||||||||||||||||||||||||||||||||||||||||||||||
inventories | -98,000 | -72,000 | -97,000 | |||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | 103,000 | 502,000 | 115,000 | |||||||||||||||||||||||||||||||||||||||||||
issuance of 50,000 shares of common stock as consideration for patent acquisition | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||
issuance of restricted common stock in exchange for intellectual property | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of warrants | ||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs paid | ||||||||||||||||||||||||||||||||||||||||||||||
issuance of warrants in connection with notes payable | ||||||||||||||||||||||||||||||||||||||||||||||
beneficial conversion feature in connection with convertible promissory notes | ||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs accrued and included in accounts payable |
