10-Q Filing

IOVANCE BIOTHERAPEUTICS, INC. CIK: 1425205 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-063327`
Period End Date	20150930
Filing Date	20151106
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	lbio-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 36 Cash Flow Statement 47 Stockholders Equity 18 Comprehensive Income 12

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$794.00K	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$103.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.91M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Money market funds	`MoneyMarketFundsAtCarryingValue`	$20.56M	USD	Point-in-time
Money market funds	`MoneyMarketFundsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3,694.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5,694.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,694.00	shares	Point-in-time
Short-term investments available for sale	`AvailableForSaleSecuritiesCurrent`	-	USD	Point-in-time
Short-term investments available for sale	`AvailableForSaleSecuritiesCurrent`	$79.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5,694.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$67.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$245.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$44.98M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$110.39M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $794 and $103	`PropertyPlantAndEquipmentNet`	$1.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.81M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $794 and $103	`PropertyPlantAndEquipmentNet`	$1.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.81M	shares	Point-in-time
Total Assets	`Assets`	$46.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.75M	shares	Point-in-time
Total Assets	`Assets`	$112.22M	USD	Point-in-time
Common stock to be issued shares	`CommonStockToBeIssuedShares`	245,153.00	shares	Point-in-time
Common stock to be issued shares	`CommonStockToBeIssuedShares`	245,153.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$328.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.61M	USD	Point-in-time
Accrued payable to officers and former directors	`AccountsPayableRelatedPartiesCurrent`	$86.00K	USD	Point-in-time
Accrued payable to officers and former directors	`AccountsPayableRelatedPartiesCurrent`	$86.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.85M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 3,694 shares and 5,694 shares issued and outstanding, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 3,694 shares and 5,694 shares issued and outstanding, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 47,807,398 and 33,750,188 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 47,807,398 and 33,750,188 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock to be issued, 245,153 shares	`CommonStockToBeIssuedValue`	$245.00K	USD	Point-in-time
Common stock to be issued, 245,153 shares	`CommonStockToBeIssuedValue`	$245.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$38.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$121.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$204.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-95.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.56M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$44.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$109.37M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$112.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$46.51M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$6.16M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$2.45M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$7.26M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$2.66M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$354.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.98M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.02M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$12.15M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$19.41M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$7.17M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$7.64M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$2.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.17M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-19.41M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.64M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.80M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$123.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-19.28M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-7.17M	USD	3 Qtrs
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	3 Qtrs
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.44	USD	3 Qtrs
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	43.40M	shares	3 Qtrs
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.27M	shares	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.63M	shares	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.11M	shares	3 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.28M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-7.17M	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$23.00K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$691.00K	USD	3 Qtrs
Fair value of vested stock options	`StockOptionPlanExpense`	$4.22M	USD	3 Qtrs
Fair value of vested stock options	`StockOptionPlanExpense`	$1.90M	USD	3 Qtrs
Vesting of restricted shares issued for services	`FairValueOfVestedWarrantsGrantedForServices`	$825.00K	USD	3 Qtrs
Vesting of restricted shares issued for services	`FairValueOfVestedWarrantsGrantedForServices`	$1.55M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$179.00K	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-118.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.19M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.01M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-11.80M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.32M	USD	3 Qtrs
Increase in money market funds	`IncreaseDecreaseInOtherCurrentAssets`	$20.56M	USD	3 Qtrs
Increase in money market funds	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	$95.24M	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$15.90M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$992.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$167.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-167.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-100.89M	USD	3 Qtrs
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	$3.00M	USD	3 Qtrs
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	$9.62M	USD	3 Qtrs
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$66.00K	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$68.30M	USD	Point-in-time
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$32.20M	USD	Point-in-time
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$68.31M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.00M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$77.99M	USD	3 Qtrs
Net Decrease In Cash And Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.70M	USD	3 Qtrs
Net Decrease In Cash And Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.48M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$44.91M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.21M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$44.91M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Unrealized gain on short-term investments	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$38.00K	USD	3 Qtrs
Unrealized gain on short-term investments	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	3 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$44.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$109.37M	USD	Point-in-time
Fair value of vested stock options	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$4.22M	USD	3 Qtrs
Common stock issued upon exercise of warrants	`CommonStockIssuedUponExerciseOfWarrantsAmount`	$9.62M	USD	3 Qtrs
Common stock issued upon exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$66.00K	USD	3 Qtrs
Common stock issued upon conversion of preferred shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	3 Qtrs
Common stock sold in public offering, net of offering costs	`StockIssuedDuringPeriodValueOther`	$68.31M	USD	3 Qtrs
Vesting of restricted shares issued for services	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.55M	USD	3 Qtrs
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$38.00K	USD	3 Qtrs
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$38.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.28M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-7.17M	USD	3 Qtrs
Balance	`StockholdersEquity`	$44.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$109.37M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-19.28M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-7.17M	USD	3 Qtrs
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$38.00K	USD	3 Qtrs
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$38.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-7.17M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.80M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-19.25M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-7.60M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.