10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-18-025088 |
| Period End Date | 20180331 |
| Filing Date | 20180503 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | xxii-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.47M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.73M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
300.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.55M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
300.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.66M | USD | Point-in-time |
| Short-term investment securities |
ShortTermInvestments
|
$58.98M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Short-term investment securities |
ShortTermInvestments
|
$53.86M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$676.23K | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$957.07K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
124.31M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
123.57M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
124.31M | shares | Point-in-time |
| Inventory, net |
InventoryNet
|
$3.28M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
123.57M | shares | Point-in-time |
| Inventory, net |
InventoryNet
|
$3.16M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.05M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$746.80K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$64.30M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$67.62M | USD | Point-in-time |
| Machinery and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.32M | USD | Point-in-time |
| Machinery and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.44M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$7.44M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$7.48M | USD | Point-in-time |
| Investment |
LongTermInvestments
|
$7.51M | USD | Point-in-time |
| Investment |
LongTermInvestments
|
$1.37M | USD | Point-in-time |
| Total other assets |
AssestsNoncurrentExcludingPropertyPlantAndEquipmentNet
|
$8.80M | USD | Point-in-time |
| Total other assets |
AssestsNoncurrentExcludingPropertyPlantAndEquipmentNet
|
$14.99M | USD | Point-in-time |
| Total assets |
Assets
|
$79.74M | USD | Point-in-time |
| Total assets |
Assets
|
$82.73M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.32M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.08M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.99M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.65M | USD | Point-in-time |
| Deferred income |
DeferredRevenueCurrent
|
$28.35K | USD | Point-in-time |
| Deferred income |
DeferredRevenueCurrent
|
- | USD | Point-in-time |
| Warrant liability |
DerivativeLiabilitiesCurrent
|
$216.49K | USD | Point-in-time |
| Warrant liability |
DerivativeLiabilitiesCurrent
|
$167.78K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.31M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$5.14M | 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 value |
CommonStockValue
|
$1.24K | USD | Point-in-time |
| Common stock value |
CommonStockValue
|
$1.24K | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapital
|
$167.37M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapital
|
$166.59M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-91.17M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-89.78M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$77.59M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$75.43M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$82.73M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$79.74M | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Sale of products, net |
SalesRevenueGoodsNet
|
$6.12M | USD | 1 Quarter |
| Sale of products, net |
SalesRevenueGoodsNet
|
$2.23M | USD | 1 Quarter |
| Products |
CostOfGoodsSold
|
$2.51M | USD | 1 Quarter |
| Products |
CostOfGoodsSold
|
$6.04M | USD | 1 Quarter |
| Gross profit (loss) |
GrossProfit
|
$-273.90K | USD | 1 Quarter |
| Gross profit (loss) |
GrossProfit
|
$71.58K | USD | 1 Quarter |
| Research and development (including equity based compensation of $220,413 and $13,950, respectively) |
ResearchAndDevelopmentExpense
|
$550.85K | USD | 1 Quarter |
| Research and development (including equity based compensation of $220,413 and $13,950, respectively) |
ResearchAndDevelopmentExpense
|
$2.52M | USD | 1 Quarter |
| General and administrative (including equity based compensation of $307,488 and $128,449, respectively) |
GeneralAndAdministrativeExpense
|
$1.62M | USD | 1 Quarter |
| General and administrative (including equity based compensation of $307,488 and $128,449, respectively) |
GeneralAndAdministrativeExpense
|
$2.03M | USD | 1 Quarter |
| Sales and marketing (including equity based compensation of $35,975 and $26,580, respectively) |
SellingAndMarketingExpense
|
$295.71K | USD | 1 Quarter |
| Sales and marketing (including equity based compensation of $35,975 and $26,580, respectively) |
SellingAndMarketingExpense
|
$199.11K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$88.12K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$124.53K | USD | 1 Quarter |
| Amortization |
OtherAmortizationOfDeferredCharges
|
$167.55K | USD | 1 Quarter |
| Amortization |
OtherAmortizationOfDeferredCharges
|
$140.89K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$5.04M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$2.70M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-2.97M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-4.97M | USD | 1 Quarter |
| Warrant liability gain (loss) - net |
GainLossFromWarrantLiability
|
$-5.34K | USD | 1 Quarter |
| Warrant liability gain (loss) - net |
GainLossFromWarrantLiability
|
$48.71K | USD | 1 Quarter |
| Realized gain on short-term investment securities |
MarketableSecuritiesRealizedGainLoss
|
- | USD | 1 Quarter |
| Realized gain on short-term investment securities |
MarketableSecuritiesRealizedGainLoss
|
$195.00 | USD | 1 Quarter |
| Unrealized loss on short-term investment securities |
MarketableSecuritiesUnrealizedGainLoss
|
$-92.57K | USD | 1 Quarter |
| Unrealized loss on short-term investment securities |
MarketableSecuritiesUnrealizedGainLoss
|
- | USD | 1 Quarter |
| Unrealized gain on investment |
UnrealizedGainLossOnInvestments
|
$6.15M | USD | 1 Quarter |
| Unrealized gain on investment |
UnrealizedGainLossOnInvestments
|
$346.18K | USD | 1 Quarter |
| Interest income, net |
InvestmentIncomeNonoperating
|
$15.76K | USD | 1 Quarter |
| Interest income, net |
InvestmentIncomeNonoperating
|
$251.84K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$7.92K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
- | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$6.36M | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$348.67K | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-2.62M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.39M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$1.39M | USD | 1 Quarter |
| Net income (loss) per common share - basic |
EarningsPerShareBasic
|
$0.01 | USD | 1 Quarter |
| Net income (loss) per common share - basic |
EarningsPerShareBasic
|
$-0.03 | USD | 1 Quarter |
| Net Income (loss) per common share - diluted |
EarningsPerShareDiluted
|
$-0.03 | USD | 1 Quarter |
| Net Income (loss) per common share - diluted |
EarningsPerShareDiluted
|
$0.01 | USD | 1 Quarter |
| Common shares used in basic earnings per share calculation |
WeightedAverageNumberOfSharesOutstandingBasic
|
124.02M | shares | 1 Quarter |
| Common shares used in basic earnings per share calculation |
WeightedAverageNumberOfSharesOutstandingBasic
|
90.70M | shares | 1 Quarter |
| Common shares used in diluted earnings per share calculation |
WeightedAverageNumberOfDilutedSharesOutstanding
|
90.70M | shares | 1 Quarter |
| Common shares used in diluted earnings per share calculation |
WeightedAverageNumberOfDilutedSharesOutstanding
|
144.16M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$1.39M | USD | 1 Quarter |
| Amortization and depreciation |
DepreciationDepletionAndAmortization
|
$267.57K | USD | 1 Quarter |
| Amortization and depreciation |
DepreciationDepletionAndAmortization
|
$204.50K | USD | 1 Quarter |
| Amortization of license fees |
AmortizationOfLicenseFees
|
$24.51K | USD | 1 Quarter |
| Amortization of license fees |
AmortizationOfLicenseFees
|
$24.51K | USD | 1 Quarter |
| Unrealized gain on investment |
UnrealizedGainLossOnInvestments
|
$6.15M | USD | 1 Quarter |
| Unrealized gain on investment |
UnrealizedGainLossOnInvestments
|
$346.18K | USD | 1 Quarter |
| Unrealized loss on short-term investment securities |
MarketableSecuritiesUnrealizedGainLoss
|
$-92.57K | USD | 1 Quarter |
| Unrealized loss on short-term investment securities |
MarketableSecuritiesUnrealizedGainLoss
|
- | USD | 1 Quarter |
| Realized gain on short-term investment securities |
MarketableSecuritiesRealizedGainLoss
|
- | USD | 1 Quarter |
| Realized gain on short-term investment securities |
MarketableSecuritiesRealizedGainLoss
|
$195.00 | USD | 1 Quarter |
| Warrant liability (gain) loss |
GainLossFromWarrantLiability
|
$-5.34K | USD | 1 Quarter |
| Warrant liability (gain) loss |
GainLossFromWarrantLiability
|
$48.71K | USD | 1 Quarter |
| Accretion of interest on note payable and accrued severance |
AccretionExpense
|
$7.92K | USD | 1 Quarter |
| Accretion of interest on note payable and accrued severance |
AccretionExpense
|
- | USD | 1 Quarter |
| Equity based employee compensation expense |
ShareBasedCompensation
|
$168.98K | USD | 1 Quarter |
| Equity based employee compensation expense |
ShareBasedCompensation
|
$563.88K | USD | 1 Quarter |
| Decrease in allowance for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$-10.00K | USD | 1 Quarter |
| Decrease in allowance for doubtful accounts |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-280.84K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-48.86K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-57.71K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-120.31K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidExpense
|
$306.77K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidExpense
|
$238.11K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$989.36K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$228.75K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-174.44K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-338.28K | USD | 1 Quarter |
| Accrued severance |
IncreaseDecreaseInAccruedSeverance
|
$-51.92K | USD | 1 Quarter |
| Accrued severance |
IncreaseDecreaseInAccruedSeverance
|
- | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
- | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
$-28.35K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.14M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.70M | USD | 1 Quarter |
| Acquisition of patents and trademarks |
PaymentsToAcquireIntangibleAssets
|
$28.75K | USD | 1 Quarter |
| Acquisition of patents and trademarks |
PaymentsToAcquireIntangibleAssets
|
$30.10K | USD | 1 Quarter |
| Acquisition of machinery and equipment |
PaymentsToAcquireMachineryAndEquipment
|
$177.38K | USD | 1 Quarter |
| Acquisition of machinery and equipment |
PaymentsToAcquireMachineryAndEquipment
|
$13.71K | USD | 1 Quarter |
| Sales and maturities of short-term investment securities |
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
|
- | USD | 1 Quarter |
| Sales and maturities of short-term investment securities |
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
|
$41.94M | USD | 1 Quarter |
| Purchase of short-term investment securities |
PaymentsToAcquireShortTermInvestments
|
- | USD | 1 Quarter |
| Purchase of short-term investment securities |
PaymentsToAcquireShortTermInvestments
|
$36.92M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-43.81K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$4.81M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$217.50K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$217.50K | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.89M | USD | 1 Quarter |
| Net increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-2.74M | USD | 1 Quarter |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.47M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.73M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.55M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.66M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.47M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.73M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.55M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.66M | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaidNet
|
$1.63K | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid during the period for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid during the period for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Patent and trademark additions included in accounts payable |
PatentAndTrademarkAdditionsIncludedInAccountsPayable
|
$180.07K | USD | 1 Quarter |
| Patent and trademark additions included in accounts payable |
PatentAndTrademarkAdditionsIncludedInAccountsPayable
|
$159.69K | USD | 1 Quarter |
| Machinery and equipment additions included in accounts payable |
MachineryAndEquipmentAdditionsIncludedInAccountsPayable
|
$68.56K | USD | 1 Quarter |
| Machinery and equipment additions included in accounts payable |
MachineryAndEquipmentAdditionsIncludedInAccountsPayable
|
- | USD | 1 Quarter |
Stockholders Equity
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$77.59M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$75.43M | USD | Point-in-time |
| Stock issued in connection with warrant exercises |
StockIssuedDuringPeriodValueWarrantsExercise
|
- | USD | 1 Quarter |
| Stock issued in connection with option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$217.50K | USD | 1 Quarter |
| Equity based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$563.88K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.39M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$77.59M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$75.43M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.