10-Q Filing

IOVANCE BIOTHERAPEUTICS, INC. CIK: 1425205 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-024234`
Period End Date	20170331
Filing Date	20170503
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	lbio-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 18 Cash Flow Statement 50 Comprehensive Income 6

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.10M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$40.10M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesCurrent`	$59.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$169.51M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$152.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.37M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.80M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total Assets	`Assets`	$155.39M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	62.35M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	62.25M	shares	Point-in-time
Total Assets	`Assets`	$171.89M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	62.25M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	62.35M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$863.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.11M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.97M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 62,350,149 and 62,248,074 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 62,350,149 and 62,248,074 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$323.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$327.67M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$29.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-157.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-177.80M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$149.89M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$166.92M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$155.39M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$171.89M	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	`ResearchAndDevelopmentExpense`	$4.19M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.82M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$20.88M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$7.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-20.88M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.01M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$126.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$198.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.88M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-20.68M	USD	1 Quarter
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.33	USD	1 Quarter
Net Loss Per Common Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48,548.00	shares	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62,286.00	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.88M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$221.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$269.00K	USD	1 Quarter
Amortization of premium on investments	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of premium on investments	`AmortizationOfDebtDiscountPremium`	$28.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.78M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.35M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-84.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$96.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$104.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-776.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.80M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.55M	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`	$19.60M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$798.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$18.80M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$9.88M	USD	1 Quarter
Tax payments related to shares witheld for vested restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00K	USD	1 Quarter
Tax payments related to shares witheld for vested restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	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`	$156.00K	USD	1 Quarter
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	$231.00K	USD	1 Quarter
Proceeds from the issuance of common stock upon exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$383.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.33M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$382.00K	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$33.59M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$38.91M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$107.10M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$33.59M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.72M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$38.91M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$107.10M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Unrealized (loss) gain on short-term investments	`UnrealizedGainLossOnShorttermInvestments`	$-27.00K	USD	1 Quarter
Unrealized (loss) gain on short-term investments	`UnrealizedGainLossOnShorttermInvestments`	$20.00K	USD	1 Quarter
Acquisitions of property and equipment under accounts payable	`LeaseholdImprovementsPaidByLandlord`	$-155.00K	USD	1 Quarter
Acquisitions of property and equipment under accounts payable	`LeaseholdImprovementsPaidByLandlord`	-	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-6.88M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-20.68M	USD	1 Quarter
Unrealized (loss) gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$20.00K	USD	1 Quarter
Unrealized (loss) gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-27.00K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-20.71M	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.