| Significant Accounting Policies [Text Block] | Note 2 Liquidity and Summary of Significant Accounting Principles Liquidity Since our inception, we have financed our operations by raising debt, issuing equity and equity-linked instruments, and executing licensing arrangements, and to a lesser extent by generating royalties and product revenues. In mid- 2019, April 2021 December 31, 2022, three April, May, September 2022. three September 30, 2023, August 2023. We have incurred, and continue to incur, recurring losses and negative cash flows. As of September 30, 2023, The accompanying unaudited condensed consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates continuity of operations, realization of assets, and satisfaction of liabilities in the ordinary course of business. The propriety of using the going-concern basis is dependent upon, among other things, the achievement of future profitable operations, the ability to generate sufficient cash from operations, and potential other funding sources, including cash on hand, to meet our obligations as they become due. We believe based on the operating cash requirements and capital expenditures expected for the next twelve 12 not Even assuming we succeed in raising sufficient additional funds in the near future to avoid a cessation of business operations, we require additional capital and will seek to continue financing our operations with external capital for the foreseeable future. Any equity financings may may may not may not Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Accordingly, they do not December 31, 2022, not may not 10 December 31, 2022. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned, controlled, and inactive subsidiary Aldagen, Inc. (“Aldagen”). All significant inter-company accounts and transactions are eliminated in consolidation. The Company operates its business in one one Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. In the accompanying unaudited condensed consolidated financial statements, estimates are used for, but not Credit Concentration We generate accounts receivable from the sale of our products. Specific customer receivable balances in excess of 10% September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Customer A - 19% Customer B 10% 17% Customer C - 16% Customer D * 14% Customer E - 12% Customer F 12% - Customer G 10% - * less than 10% Revenue from significant customers exceeding 10% three nine September 30, 2023 three nine September 30, 2023 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Customer B 14% 12% Customer G 14% 11% Customer H 12% 10% Historically, we used single suppliers for several components of the Aurix® product line. We outsource the manufacturing of various product components to contract manufacturers. While we believe these manufacturers demonstrate competency, reliability and stability, there is no one not Cash, Cash Equivalents, and Restricted Cash We consider all highly liquid instruments purchased with an original maturity of three $250,000 September 30, 2023. no September 30, 2023 December 31, 2022. September 30, 2023 December 31, 2022, Accounts Receivables, net We generate accounts receivables from the sale of the Aurix product and reflects customer receivables from the initial commercial sales activities since the re-initiation of commercial sales activities beginning in the three September 30, 2022. We provide for an allowance against receivables for estimated losses that may may not three nine September 30, 2023, September 30, 2023, December 31, 2022, not not Inventory, net Our inventory is produced by third first first 12 two As of September 30, 2023, December 31, 2022, We provide for an allowance against inventory for estimated losses that may September 30, 2023, December 31, 2022, not not Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Assets are depreciated, using the straight-line method, over their estimated useful life ranging from one six September 30, 2023, December 31, 2022 second 2022 Leases At the inception of a contract, the Company determines if the arrangement is, or contains, a lease. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Rent expense is recognized on a straight-line basis over the lease term. The Company has made certain accounting policy elections whereby the Company (i) does not 12 Revenue Recognition The Company analyzes its revenue arrangements to determine the appropriate revenue recognition using the following steps: (i) identification of contracts with customers; (ii) identification of distinct performance obligations in the contract; (iii) determination of contract transaction price; (iv) allocation of contract transaction price to the performance obligations; and (v) determination of revenue recognition based on timing of satisfaction of the performance obligation. The Company recognizes revenues upon the satisfaction of its performance obligations (upon transfer of control of promised goods or services to customers) in an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. We provide for the sale of our products, including disposable processing sets and supplies to customers. Revenue from the sale of products is recognized upon shipment of products to the customers. We do not not not We recognized initial revenues from commercial sales activities beginning in the three September 30, 2022. Stock-Based Compensation The fair value of employee stock options is measured at the date of grant. Expected volatilities for the 2016 five three nine September 30, 2023 three nine September 30, 2023 September 30, 2022 2023 2022 Risk free rate 4.37% 1.65% - 3.47% Weighted average expected years until exercise 5 5 - 6 Expected stock volatility 100% 100% Dividend yield - - The Company recognizes forfeitures of stock-based awards as they occur. Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, current income tax expense or benefit is the amount of income taxes expected to be payable or refundable for the current year. Tax rate changes are reflected in income during the period such changes are enacted. We measure our deferred tax assets and liabilities using the enacted tax rates that we believe will apply in the years in which the temporary differences are expected to be recovered or paid. The Company expects that recent tax law changes contained in Inflation Reduction Act and CHIPS Act will not A deferred income tax asset or liability is recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and loss carryforwards. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not The Company’s policy for recording interest and penalties associated with audits is to record such items as a component of income before taxes. There were no six September 30, 2023 2022. Basic and Diluted Earnings (Loss) per Share In periods of net loss, basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. In periods of net loss, diluted loss per share is calculated similarly to basic loss per share because the impact of all potential dilutive common shares is anti-dilutive. For periods of net income, diluted earnings per share is computed using the more dilutive of the “treasury method” or “two class method.” Dilutive earnings per share under the “treasury method” is calculated by dividing net income available to common stockholders by the weighted- average number of shares outstanding plus the dilutive impact of all potential dilutive common shares, consisting primarily of common shares underlying common stock options and stock purchase warrants using the treasury stock method, and convertible notes using the if-converted method. Because none All of the Company’s potential dilutive securities are considered anti-dilutive for the nine September 30, 2023 2022. Nine months ended September 30, 2023 Nine months ended September 30, 2022 Shares underlying: Common stock options 3,476,667 3,376,667 Stock purchase warrants 450,000 450,000 Financing participation right and contingent warrant 500,000 500,000 Performance shares 300,000 300,000 4,726,667 4,626,667 Recently Adopted Accounting Standards In June 2016, 2016 13 January 1, 2023. January 1, 2023, no In August 2020, 2020 06 December 15, 2023, January 1, 2023, no We have evaluated all other issued and unadopted Accounting Standards Updates and believe the adoption of these standards will not |
