10-Q Filing

IOVANCE BIOTHERAPEUTICS, INC. CIK: 1425205 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-099858`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	lbio-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 18 Cash Flow Statement 42 Stockholders Equity 11 Comprehensive Income 6

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.10M	USD	Point-in-time
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.37M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$111.28M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Money market funds	`MoneyMarketFundsAtCarryingValue`	$29.97M	USD	Point-in-time
Money market funds	`MoneyMarketFundsAtCarryingValue`	$19.95M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1,694.00	shares	Point-in-time
Short-term investments available for sale	`AvailableForSaleSecuritiesCurrent`	$60.25M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1,694.00	shares	Point-in-time
Short-term investments available for sale	`AvailableForSaleSecuritiesCurrent`	$70.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$277.00K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1,694.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$193.00K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1,694.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$103.98M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$99.36M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $1,372 and $1,103, respectively	`PropertyPlantAndEquipmentNet`	$1.68M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $1,372 and $1,103, respectively	`PropertyPlantAndEquipmentNet`	$1.41M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48.55M	shares	Point-in-time
Total Assets	`Assets`	$100.77M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48.52M	shares	Point-in-time
Total Assets	`Assets`	$105.65M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48.52M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48.55M	shares	Point-in-time
Common Stock To Be Issued Shares	`CommonStockToBeIssuedShares`	303,125.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.05M	USD	Point-in-time
Common Stock To Be Issued Shares	`CommonStockToBeIssuedShares`	303,125.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$958.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$690.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$586.00K	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`	$1.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.63M	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, 1,694 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 1,694 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 48,516,528 and 48,547,720 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 48,516,528 and 48,547,720 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock to be issued, 303,125 shares	`CommonStockToBeIssuedValue`	$245.00K	USD	Point-in-time
Common stock to be issued, 303,125 shares	`CommonStockToBeIssuedValue`	$245.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$48.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$68.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$207.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$209.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-111.11M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$104.02M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$98.94M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$105.65M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$100.77M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Research and development (including $585 and $387 in share-based compensation costs)	`ResearchAndDevelopmentExpense`	$4.19M	USD	1 Quarter
Research and development (including $585 and $387 in share-based compensation costs)	`ResearchAndDevelopmentExpense`	$2.40M	USD	1 Quarter
General and administrative (including $1,194 and $1,080 in share-based compensation costs)	`GeneralAndAdministrativeExpense`	$2.82M	USD	1 Quarter
General and administrative (including $1,194 and $1,080 in share-based compensation costs)	`GeneralAndAdministrativeExpense`	$2.90M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$7.01M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$5.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.30M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$126.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.30M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.88M	USD	1 Quarter
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.55M	shares	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.68M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$269.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$185.00K	USD	1 Quarter
Fair value of vested stock options	`StockOptionPlanExpense`	$1.02M	USD	1 Quarter
Fair value of vested stock options	`StockOptionPlanExpense`	$1.48M	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$450.00K	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$296.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-84.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$200.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$249.00K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.55M	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.46M	USD	1 Quarter
Purchase of money market funds	`PaymentsToAcquireShortTermInvestments`	$10.03M	USD	1 Quarter
Purchase of money market funds	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecurities`	$29.27M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$39.16M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$782.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-147.00K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-782.00K	USD	1 Quarter
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from the issuance of common stock upon exercise of warrants	`ProceedsFromWarrantExercises`	$2.30M	USD	1 Quarter
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$68.31M	USD	1 Quarter
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$70.61M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.70M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.37M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$44.91M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.94M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.64M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$111.28M	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`	$8.94M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.64M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$111.28M	USD	Point-in-time
Unrealized gain on short-term investments	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	1 Quarter
Unrealized gain on short-term investments	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$20.00K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$104.02M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$98.94M	USD	Point-in-time
Fair value of vested stock options	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$1.48M	USD	1 Quarter
Vesting of restricted shares issued for services	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$296.00K	USD	1 Quarter
Cancellation of stock option and restricted shares issued for services	`StockCancelledDuringPeriodStockOptionsAndRestrictedSharesValue`	-	USD	1 Quarter
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$20.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.30M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.88M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$104.02M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$98.94M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-5.30M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.88M	USD	1 Quarter
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$20.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-5.30M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-6.86M	USD	1 Quarter

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