Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 12, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | BioCardia, Inc. | |
Entity Central Index Key | 0000925741 | |
Trading Symbol | bcda | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 6,825,183 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock, par value $0.001 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 8,910,000 | $ 5,358,000 |
Accounts receivable, net of allowance for doubtful accounts of $14 and $9 at September 30, 2019 and December 31, 2018 | 103,000 | 274,000 |
Inventory | 45,000 | 141,000 |
Prepaid expenses and other current assets | 179,000 | 445,000 |
Total current assets | 9,237,000 | 6,218,000 |
Property and equipment, net | 210,000 | 145,000 |
Operating lease right-of-use asset, net | 1,180,000 | |
Other assets | 54,000 | 54,000 |
Total assets | 10,681,000 | 6,417,000 |
Current liabilities: | ||
Accounts payable | 1,112,000 | 743,000 |
Accrued expenses and other current liabilities | 2,424,000 | 1,805,000 |
Operating lease liability - current | 508,000 | |
Total current liabilities | 4,044,000 | 2,548,000 |
Operating lease liability - noncurrent | 752,000 | |
Deferred revenue - noncurrent | 691,000 | |
Deferred rent | 77,000 | |
Total liabilities | 5,487,000 | 2,625,000 |
Stockholders’ equity: | ||
Preferred stock, $0.001 par value, 25,000,000 shares authorized as of September 30, 2019 and December 31, 2018; no shares issued and outstanding as of September 30, 2019 and December 31, 2018 | ||
Common stock, $0.001 par value, 100,000,000 shares authorized as of September 30, 2019 and December 31, 2018; 6,825,183 and 4,845,697 shares issued and outstanding as of September 30, 2019 and December 31, 2018 | 46,000 | 43,000 |
Additional paid-in capital | 102,716,000 | 90,110,000 |
Accumulated deficit | (97,568,000) | (86,361,000) |
Total stockholders’ equity | 5,194,000 | 3,792,000 |
Total liabilities and stockholders’ equity | $ 10,681,000 | $ 6,417,000 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Allowance for doubtful accounts | $ 14 | $ 9 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 6,825,183 | 4,845,697 |
Common stock, shares outstanding (in shares) | 6,825,183 | 4,845,697 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenue: | ||||
Total revenue | $ 194 | $ 84 | $ 495 | $ 522 |
Costs and expenses: | ||||
Cost of goods sold | 24 | 109 | 321 | 401 |
Research and development | 2,007 | 2,262 | 6,392 | 6,248 |
Selling, general and administrative | 1,390 | 1,283 | 4,460 | 4,315 |
Total costs and expenses | 3,421 | 3,654 | 11,173 | 10,964 |
Operating loss | (3,227) | (3,570) | (10,678) | (10,442) |
Other income (expense): | ||||
Interest income | 17 | 29 | 53 | 100 |
Gain on change in fair value of redemption feature embedded in convertible notes | 52 | 52 | ||
Interest expense | (112) | (112) | ||
Loss on extinguishment of convertible notes | (521) | (521) | ||
Other expense | (1) | (3) | (2) | (3) |
Total other income (expense) | (565) | 26 | (530) | 97 |
Net loss | $ (3,792) | $ (3,544) | $ (11,208) | $ (10,345) |
Net loss per share, basic and diluted (in dollars per share) | $ (0.63) | $ (0.83) | $ (2.13) | $ (2.43) |
Weighted-average shares used in computing net loss per share, basic and diluted (in shares) | 6,030,662 | 4,253,100 | 5,263,058 | 4,250,509 |
Product [Member] | ||||
Revenue: | ||||
Total revenue | $ 1 | $ 52 | $ 139 | $ 223 |
Collaboration Agreement [Member] | ||||
Revenue: | ||||
Total revenue | $ 193 | $ 32 | $ 356 | $ 299 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' (Deficit) Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2017 | 4,246,519 | |||
Balance at Dec. 31, 2017 | $ 38 | $ 83,537 | $ (72,450) | $ 11,125 |
Restricted stock units vested and issued (in shares) | 2,271 | |||
Restricted stock units vested and issued | ||||
Share-based compensation | 615 | 615 | ||
Net loss | (3,584) | (3,584) | ||
Adjustments to opening balance for change in accounting principle | 46 | 46 | ||
Exercise of stock options (in shares) | 237 | |||
Exercise of stock options | 5 | 5 | ||
Balance (in shares) at Mar. 31, 2018 | 4,249,027 | |||
Balance at Mar. 31, 2018 | $ 38 | 84,157 | (75,988) | 8,207 |
Balance (in shares) at Dec. 31, 2017 | 4,246,519 | |||
Balance at Dec. 31, 2017 | $ 38 | 83,537 | (72,450) | 11,125 |
Net loss | (10,345) | |||
Balance (in shares) at Sep. 30, 2018 | 4,253,100 | |||
Balance at Sep. 30, 2018 | $ 38 | 85,625 | (82,719) | 2,944 |
Balance (in shares) at Mar. 31, 2018 | 4,249,027 | |||
Balance at Mar. 31, 2018 | $ 38 | 84,157 | (75,988) | 8,207 |
Restricted stock units vested and issued (in shares) | 4,073 | |||
Restricted stock units vested and issued | ||||
Share-based compensation | 738 | 738 | ||
Net loss | (3,217) | (3,217) | ||
Adjustments to opening balance for change in accounting principle | 30 | 30 | ||
Balance (in shares) at Jun. 30, 2018 | 4,253,100 | |||
Balance at Jun. 30, 2018 | $ 38 | 84,895 | (79,175) | 5,758 |
Restricted stock units vested and issued | ||||
Share-based compensation | 730 | 730 | ||
Net loss | (3,544) | (3,544) | ||
Balance (in shares) at Sep. 30, 2018 | 4,253,100 | |||
Balance at Sep. 30, 2018 | $ 38 | 85,625 | (82,719) | 2,944 |
Balance (in shares) at Dec. 31, 2018 | 4,845,697 | |||
Balance at Dec. 31, 2018 | $ 43 | 90,110 | (86,361) | 3,792 |
Restricted stock units vested and issued (in shares) | 2,268 | |||
Restricted stock units vested and issued | $ 1 | 1 | ||
Share-based compensation | 690 | 690 | ||
Net loss | (3,665) | (3,665) | ||
Balance (in shares) at Mar. 31, 2019 | 4,847,965 | |||
Balance at Mar. 31, 2019 | $ 44 | 90,800 | (90,026) | 818 |
Balance (in shares) at Dec. 31, 2018 | 4,845,697 | |||
Balance at Dec. 31, 2018 | $ 43 | 90,110 | (86,361) | 3,792 |
Net loss | $ (11,208) | |||
Exercise of stock options (in shares) | ||||
Balance (in shares) at Sep. 30, 2019 | 6,825,183 | |||
Balance at Sep. 30, 2019 | $ 46 | 102,716 | (97,568) | $ 5,194 |
Balance (in shares) at Mar. 31, 2019 | 4,847,965 | |||
Balance at Mar. 31, 2019 | $ 44 | 90,800 | (90,026) | 818 |
Share-based compensation | 696 | 696 | ||
Net loss | (3,750) | (3,750) | ||
Reverse stock split fractional share true up (in shares) | (494) | |||
Balance (in shares) at Jun. 30, 2019 | 4,847,471 | |||
Balance at Jun. 30, 2019 | $ 44 | 91,496 | (93,776) | (2,236) |
Restricted stock units vested and issued (in shares) | 25,158 | |||
Restricted stock units vested and issued | ||||
Share-based compensation | 756 | 756 | ||
Net loss | (3,792) | (3,792) | ||
Issuance of stock and warrants, net of issuance costs (in shares) | 1,741,667 | |||
Issuance of stock and warrants, net of issuance costs | $ 2 | 9,258 | 9,260 | |
Issuance of stock and warrants from conversion of convertible notes (in shares) | 210,887 | |||
Issuance of stock and warrants from conversion of convertible notes | 1,206 | 1,206 | ||
Balance (in shares) at Sep. 30, 2019 | 6,825,183 | |||
Balance at Sep. 30, 2019 | $ 46 | $ 102,716 | $ (97,568) | $ 5,194 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Operating activities: | ||
Net loss | $ (11,208,000) | $ (10,345,000) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Write-off of inventory | 54,000 | |
Depreciation | 78,000 | 66,000 |
Amortization of right-of-use asset | 325,000 | |
Share-based compensation | 2,142,000 | 2,083,000 |
Amortization of debt discount on convertible shareholder notes | 112,000 | |
Change in fair value of redemption feature embedded in convertible notes | (52,000) | |
Loss on extinguishment of convertible notes | 521,000 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | 171,000 | (75,000) |
Inventory | 43,000 | 57,000 |
Prepaid expenses and other current assets | 265,000 | 116,000 |
Accounts payable | 372,000 | 200,000 |
Accrued expenses and other current liabilities | 687,000 | 141,000 |
Deferred revenue | 691,000 | (65,000) |
Deferred rent | (1,000) | |
Operating lease liability - noncurrent | (390,000) | |
Net cash used in operating activities | (6,189,000) | (7,823,000) |
Investing activities: | ||
Purchase of property and equipment | (144,000) | (51,000) |
Net cash used in investing activities | (144,000) | (51,000) |
Financing activities: | ||
Proceeds from sale of stock and warrants, net of issuance costs | 9,260,000 | |
Proceeds from issuance of convertible loan payable | 625,000 | |
Proceeds from the exercise of common stock options | 5,000 | |
Net cash provided by financing activities | 9,885,000 | 5,000 |
Net change in cash and cash equivalents | 3,552,000 | (7,869,000) |
Cash and cash equivalents at beginning of period | 5,358,000 | 12,689,000 |
Cash and cash equivalents at end of period | 8,910,000 | 4,820,000 |
Supplemental disclosure for noncash investing and financing activities: | ||
Conversion of interest payable to stock and warrants | $ 8,000 |
Note 1 - Summary of Business an
Note 1 - Summary of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | ( 1 Summary of Business and Basis of Presentation (a) Description of Business BioCardia, Inc., (BioCardia or the Company), is a clinical-stage regenerative medicine company developing novel therapeutics for cardiovascular diseases with large unmet medical needs. The Company’s lead therapeutic candidate is the CardiAMP® cell therapy system and its second BioCardia also has three 1 2 ™ 3 ™ |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | ( 2 Significant Accounting Policies (a) Basis of Preparation The accompanying condensed consolidated balance sheets, statements of operations, shareholders equity, and cash flows as of September 30, 2019 three nine September 30, 2019 2018 September 30, 2019, three nine September 30, 2019 2018, nine September 30, 2019 2018. nine September 30, 2019 not December 31, 2019 December 31, 2018 $277,000. no These condensed consolidated financial statements should be read in conjunction with the audited financial statements and related notes included in the Company’s Annual Report on Form 10 December 31, 2018, April 2, 2019. (b) Liquidity The Company has incurred net losses and negative cash flows from operations since its inception and had an accumulated deficit of $97.6 September 30, 2019. one $8,910,000 September 30, 2019, not one not If adequate funds are not may may no (c) Use of Estimates The preparation of the financial statements in accordance with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. Significant items subject to such estimates and assumptions include share-based compensation, the useful lives of property and equipment, allowances for doubtful accounts and sales returns, incremental borrowing rate, and inventory valuation. (d) Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All intercompany accounts and transactions have been eliminated during the consolidation process. (e) Changes to Significant Accounting Policies The Company’s significant accounting policies are described in Note 2 10 December 31, 2018. No. 2018 07, 718 January 1, 2019, No. 2016 02, 842 no Measurement of nonemployee awards may 505 50 Operating lease right-of-use asset and liabilities 12 The Company’s lease liabilities are recognized at the applicable lease commencement date based on the present value of the lease payments required to be paid over the lease term. Variable lease payments are expensed as incurred and are not The Company's ROU assets are also recognized at the applicable lease commencement date. The ROU asset equals the carrying amount of the related lease liability, adjusted for any lease payments made prior to lease commencement and lease incentives provided by the lessor, if any. The Company amortizes a right-of-use (ROU) asset, and the periodic amortization is the difference between the straight-line total lease cost for the period (including amortization of initial direct costs) and the periodic accretion of the lease liability using the effective interest method. The Company’s lease terms may The Company’s lease contracts often include lease and non-lease components. The Company has elected the practical expedient offered by the standard to not The Company has elected not twelve (f) Recently Adopted Accounting Pronouncement In February 2016, July 2018, No. 2018 11, 842 No. 2018 11. No. 2018 11, 2016 02, The Company adopted the new standard using the cumulative-effect method on January 1, 2019. March 2019. The FASB made available several practical expedients in adopting the amended lease accounting guidance. The Company elected the package of practical expedients permitted under the transition guidance, which among other things, allowed registrants to carry forward historical lease classification, its assessment on whether a contract is or contains a lease, and its initial direct costs for any leases that exist prior to adoption of the new standard. BioCardia also elected to keep leases with an initial term of 12 The most significant impact was the recognition of ROU assets and related lease liabilities for operating leases on the condensed consolidated balance sheet. The Company recognized ROU assets and related lease liabilities of $1,505,000 $1,593,000 January 1, 2019. not 6 In June 2018, No. 2018 07, 718 2018 07 2018 07 718, No 2018 07 505 50, 2018 07 January 1, 2019 not not (g) Recently Issued Accounting Pronouncements Recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force did not not |
Note 3 - Fair Value Measurement
Note 3 - Fair Value Measurement | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 3 The fair value of financial instruments reflects the amounts that the Company estimates to receive in connection with the sale of an asset or paid in connection with the transfer of a liability in an orderly transaction between market participants at the measurement date (exit price). The Company follows a fair value hierarchy that prioritizes the use of inputs used in valuation techniques into the following three Level 1 Level 2 not Level 3 no The following table sets forth the fair value of its financial assets measured on a recurring basis as of September 30, 2019 December 31, 2018 As of September 30, 2019 Level 1 Level 2 Level 3 Total Assets: Money market funds $ 8,910 $ — $ — $ 8,910 As of December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Money market funds $ 5,358 $ — $ — $ 5,358 |
Note 4 - Inventories
Note 4 - Inventories | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | ( 4 Inventories are stated at the lower of cost or net realizable value using the average cost method. Inventories consisted of the following (in thousands): September 30, December 31, 2019 2018 Raw materials $ — $ 79 Work in process 45 39 Finished goods — 23 Total $ 45 $ 141 Write downs for excess or expired inventory are based on management’s estimates of forecasted usage of inventories and are included in cost of goods sold. A significant change in the timing or level of demand for certain products as compared to forecasted amounts may $0, $80,000 three nine September 30, 2019, $13,000, $15,000 three nine September 30, 2018, |
Note 5 - Property and Equipment
Note 5 - Property and Equipment, Net | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | ( 5 Property and equipment, net consisted of the following (in thousands): September 30, December 31, 2019 2018 Computer equipment and software $ 127 119 Laboratory and manufacturing equipment 550 481 Furniture and fixtures 55 55 Leasehold improvements 332 332 Construction in progress 69 3 Property and equipment, gross 1,133 990 Less accumulated depreciation (923 ) (845 ) Property and equipment, net $ 210 145 Depreciation expense totaled approximately $29,000 $78,000 three nine September 30, 2019, $22,000 $66,000 three nine September 30, 2018, |
Note 6 - Operating Lease Right-
Note 6 - Operating Lease Right-of-use Asset, Net | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | ( 6 The Company adopted the new lease standard on January 1, 2019 not The Company determines if an arrangement is a lease at inception by assessing whether it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company’s operating lease is primarily related to a property lease for its laboratory and corporate offices. BioCardia’s lease agreement does not ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company’s lease does not not no not The components of lease expense for the three nine September 30, 2019 Three months ended September 30, Nine months ended September 30, 2019 2019 Straight-line rent expense recognized for operating lease $ 150 $ 450 Variable rent expense recognized for operating lease 63 202 Total rent expense $ 213 $ 652 Weighted average remaining lease term (in years) 2.25 Weighted average discount rate 12.05 % Supplemental cash flow information related to the operating lease was as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2019 2019 Cash paid for amounts included in the measurement of lease liabilities $ 153 $ 459 Cash Lease Expense (imputed interest expense component of net income) 39 126 Future minimum lease payments under the operating lease as of September 30, 2019 Operating Lease September 30, 2019 Remainder of 2019 $ 153 Years ending December 31, 2020 630 2021 649 Total undiscounted lease payments 1,432 Less imputed interest 172 Total operating lease liabilities $ 1,260 Prior to the Company’s adoption of the new lease standard, future minimum lease payments as of December 31, 2018, Years ending December 31, 2019 $ 612 2020 630 2021 649 Total $ 1,891 |
Note 7 - Accrued Expenses and O
Note 7 - Accrued Expenses and Other Current Liabilities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Accrued Liabilities and Other Current Liabilities Disclosure [Text Block] | ( 7 Accrued expenses and other current liabilities consisted of the following (in thousands): September 30, December 31, 2019 2018 Accrued expenses $ 102 $ 127 Accrued salaries and employee benefits 496 368 Accrued director compensation 555 277 Accrued clinical trial costs 382 276 Grant liability 637 645 Customer deposits 252 112 Total $ 2,424 $ 1,805 |
Note 8 - Stockholders' Equity
Note 8 - Stockholders' Equity | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | ( 8 Stockholders’ Equity Public Offering on Form S- 1 April 2019, 1 1 August 2, 2019, 1, 1,666,667 one $0.001 one $6.00 $6.30 five 11,958 $6.60 45 250,000 250,000 August 6, 2019. $8.84 September 4, 2019, 75,000 250,000 $420,000, $32,000. Up List to Nasdaq August 2, 2019 Convertible Note Financing July 5, 2019, $625,000 14.0% six January 5, 2020. 50% $52,000. $521,000. three nine September 31, 2019, $112,000 $104,000 Upon the closing of the Company’s public offering of units on August 6, 2019 $633,000, 210,887 one one $3.00 one $8.00 Reverse Stock Split June 6, 2019 1 9 Warrants for Common Stock December 24, 2018, 296,296 592,592 $6.75 $3.8 $200,000 six $6.75 December 24, 2023. Number of Common Stock Warrants Weighted Average Exercise Price Balance, December 31, 2018 296,296 $ 6.75 Warrants for common stock sold 2,139,512 $ 6.30 Warrants for common stock exercised - Balance, September 30,2018 2,435,808 $ 6.36 |
Note 9 - Share-based Compensati
Note 9 - Share-based Compensation | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | ( 9 ) Share-Based Compensation The share-based compensation expense is recorded in cost of goods sold, research and development, and selling, general and administrative expenses based on the employee's or non-employee’s respective function. No three nine September 30, 2019 2018 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Cost of goods sold $ 38 $ 39 $ 130 $ 105 Research and development 293 250 787 711 Selling, general and administrative 425 441 1,224 1,267 Share-based compensation expense $ 756 $ 730 $ 2,142 $ 2,083 The following table summarizes the activity of stock options and related information: Options outstanding Number of shares Weighted average exercise price Balance, December 31, 2018 608,485 $ 25.16 Stock options granted 254,785 5.28 Stock options exercised — - Stock options canceled (15,122 ) 14.16 Balance, September 30, 2019 848,148 $ 18.90 Exercisable and vested, September 30, 2019 390,199 $ 24.17 Unrecognized share-based compensation for employee and nonemployee options granted through September 30, 2019 $4.0 2.3 Share-Based Compensation (RSUs) The following summarizes the activity of non-vested RSUs: Weighted average grant date Number of fair value S hares per share Balance, December 31, 2018 29,694 $ 25.56 RSUs granted 34,713 $ 4.75 RSUs vested (2,272 ) $ 99.36 RSUs forfeited - - Balance, September 30, 2019 62,135 $ 10.55 Unrecognized share-based compensation for RSUs granted through September 30, 2019 $230,000 0.3 |
Note 10 - Net Loss Per Share
Note 10 - Net Loss Per Share | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 10 Net Loss per Share Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is computed by dividing the net loss by the weighted-average number of common share equivalents outstanding for the period determined using the treasury-stock method. For all periods presented, there is no The following outstanding common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive: September 30, 2019 2018 Stock options to purchase common stock 848,148 616,567 Unvested restricted stock units 62,135 29,706 Common stock warrants 2,435,808 - Total 3,346,091 646,273 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | ( 11 During the three nine September 30, 2019 2018, no As of September 30, 2019, not not |
Note 12 - Related Party Transac
Note 12 - Related Party Transactions | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | ( 12 ) Related Party Transactions BioCardia, Inc. (the “Company”) and OPKO Health, Inc. (“OPKO”) previously entered into a consulting agreement dated August 19, 2016, 5% Pursuant to the terms of the Consulting Agreement, OPKO was to provide advisory services to the Company in support of strategic transactions, financings and other matters as agreed between the parties from time to time. Also, in August 2016, ten 46,553 4 $16.20 4 one Effective August 29, 2019, no ten August 2019. $116,000 $160,000 three nine September 30, 2019, $59,000 $121,000 three nine September 30, 2018, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | (a) Basis of Preparation The accompanying condensed consolidated balance sheets, statements of operations, shareholders equity, and cash flows as of September 30, 2019 three nine September 30, 2019 2018 September 30, 2019, three nine September 30, 2019 2018, nine September 30, 2019 2018. nine September 30, 2019 not December 31, 2019 December 31, 2018 $277,000. no These condensed consolidated financial statements should be read in conjunction with the audited financial statements and related notes included in the Company’s Annual Report on Form 10 December 31, 2018, April 2, 2019. |
Going Concern and Liquidity [Policy Text Block] | (b) Liquidity The Company has incurred net losses and negative cash flows from operations since its inception and had an accumulated deficit of $97.6 September 30, 2019. one $8,910,000 September 30, 2019, not one not If adequate funds are not may may no |
Use of Estimates, Policy [Policy Text Block] | (c) Use of Estimates The preparation of the financial statements in accordance with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. Significant items subject to such estimates and assumptions include share-based compensation, the useful lives of property and equipment, allowances for doubtful accounts and sales returns, incremental borrowing rate, and inventory valuation. |
Consolidation, Policy [Policy Text Block] | (d) Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All intercompany accounts and transactions have been eliminated during the consolidation process. |
Change to Significant Accounting Policies [Policy Text Block] | (e) Changes to Significant Accounting Policies The Company’s significant accounting policies are described in Note 2 10 December 31, 2018. No. 2018 07, 718 January 1, 2019, No. 2016 02, 842 no Measurement of nonemployee awards may 505 50 Operating lease right-of-use asset and liabilities 12 The Company’s lease liabilities are recognized at the applicable lease commencement date based on the present value of the lease payments required to be paid over the lease term. Variable lease payments are expensed as incurred and are not The Company's ROU assets are also recognized at the applicable lease commencement date. The ROU asset equals the carrying amount of the related lease liability, adjusted for any lease payments made prior to lease commencement and lease incentives provided by the lessor, if any. The Company amortizes a right-of-use (ROU) asset, and the periodic amortization is the difference between the straight-line total lease cost for the period (including amortization of initial direct costs) and the periodic accretion of the lease liability using the effective interest method. The Company’s lease terms may The Company’s lease contracts often include lease and non-lease components. The Company has elected the practical expedient offered by the standard to not The Company has elected not twelve |
New Accounting Pronouncements, Policy [Policy Text Block] | (f) Recently Adopted Accounting Pronouncement In February 2016, July 2018, No. 2018 11, 842 No. 2018 11. No. 2018 11, 2016 02, The Company adopted the new standard using the cumulative-effect method on January 1, 2019. March 2019. The FASB made available several practical expedients in adopting the amended lease accounting guidance. The Company elected the package of practical expedients permitted under the transition guidance, which among other things, allowed registrants to carry forward historical lease classification, its assessment on whether a contract is or contains a lease, and its initial direct costs for any leases that exist prior to adoption of the new standard. BioCardia also elected to keep leases with an initial term of 12 The most significant impact was the recognition of ROU assets and related lease liabilities for operating leases on the condensed consolidated balance sheet. The Company recognized ROU assets and related lease liabilities of $1,505,000 $1,593,000 January 1, 2019. not 6 In June 2018, No. 2018 07, 718 2018 07 2018 07 718, No 2018 07 505 50, 2018 07 January 1, 2019 not not (g) Recently Issued Accounting Pronouncements Recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force did not not |
Note 3 - Fair Value Measureme_2
Note 3 - Fair Value Measurement (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | As of September 30, 2019 Level 1 Level 2 Level 3 Total Assets: Money market funds $ 8,910 $ — $ — $ 8,910 As of December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Money market funds $ 5,358 $ — $ — $ 5,358 |
Note 4 - Inventories (Tables)
Note 4 - Inventories (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | September 30, December 31, 2019 2018 Raw materials $ — $ 79 Work in process 45 39 Finished goods — 23 Total $ 45 $ 141 |
Note 5 - Property and Equipme_2
Note 5 - Property and Equipment, Net (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | September 30, December 31, 2019 2018 Computer equipment and software $ 127 119 Laboratory and manufacturing equipment 550 481 Furniture and fixtures 55 55 Leasehold improvements 332 332 Construction in progress 69 3 Property and equipment, gross 1,133 990 Less accumulated depreciation (923 ) (845 ) Property and equipment, net $ 210 145 |
Note 6 - Operating Lease Righ_2
Note 6 - Operating Lease Right-of-use Asset, Net (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three months ended September 30, Nine months ended September 30, 2019 2019 Straight-line rent expense recognized for operating lease $ 150 $ 450 Variable rent expense recognized for operating lease 63 202 Total rent expense $ 213 $ 652 Weighted average remaining lease term (in years) 2.25 Weighted average discount rate 12.05 % |
Schedule of Operating Leases Cash Flow Information [Table Text Block] | Three months ended September 30, Nine months ended September 30, 2019 2019 Cash paid for amounts included in the measurement of lease liabilities $ 153 $ 459 Cash Lease Expense (imputed interest expense component of net income) 39 126 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Operating Lease September 30, 2019 Remainder of 2019 $ 153 Years ending December 31, 2020 630 2021 649 Total undiscounted lease payments 1,432 Less imputed interest 172 Total operating lease liabilities $ 1,260 |
Lessee, Operating Lease, Disclosure [Table Text Block] | Years ending December 31, 2019 $ 612 2020 630 2021 649 Total $ 1,891 |
Note 7 - Accrued Expenses and_2
Note 7 - Accrued Expenses and Other Current Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Accrued Liabilities and Other Current Liabilities [Table Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 5%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">September 30,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 66%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">102</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">127</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued salaries and employee benefits</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">496</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">368</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued director compensation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">555</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">277</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued clinical trial costs</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">382</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">276</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Grant liability</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">637</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">645</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Customer deposits</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">252</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">112</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,424</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,805</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div>" id="sjs-B4"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 5%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">September 30,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 66%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued expenses</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">102</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">127</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued salaries and employee benefits</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">496</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">368</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued director compensation</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">555</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">277</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Accrued clinical trial costs</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">382</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">276</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Grant liability</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">637</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">645</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Customer deposits</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">252</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">112</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,424</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 14%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,805</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div> |
Note 8 - Stockholders' Equity (
Note 8 - Stockholders' Equity (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Number of Common Stock Warrants Weighted Average Exercise Price Balance, December 31, 2018 296,296 $ 6.75 Warrants for common stock sold 2,139,512 $ 6.30 Warrants for common stock exercised - Balance, September 30,2018 2,435,808 $ 6.36 |
Note 9 - Share-based Compensa_2
Note 9 - Share-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Share-based Compensation, Expense [Table Text Block] | Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Cost of goods sold $ 38 $ 39 $ 130 $ 105 Research and development 293 250 787 711 Selling, general and administrative 425 441 1,224 1,267 Share-based compensation expense $ 756 $ 730 $ 2,142 $ 2,083 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Options outstanding Number of shares Weighted average exercise price Balance, December 31, 2018 608,485 $ 25.16 Stock options granted 254,785 5.28 Stock options exercised — - Stock options canceled (15,122 ) 14.16 Balance, September 30, 2019 848,148 $ 18.90 Exercisable and vested, September 30, 2019 390,199 $ 24.17 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Weighted average grant date Number of fair value S hares per share Balance, December 31, 2018 29,694 $ 25.56 RSUs granted 34,713 $ 4.75 RSUs vested (2,272 ) $ 99.36 RSUs forfeited - - Balance, September 30, 2019 62,135 $ 10.55 |
Note 10 - Net Loss Per Share (T
Note 10 - Net Loss Per Share (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | September 30, 2019 2018 Stock options to purchase common stock 848,148 616,567 Unvested restricted stock units 62,135 29,706 Common stock warrants 2,435,808 - Total 3,346,091 646,273 |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies (Details Textual) - USD ($) | Sep. 30, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 |
Accounts Payable, Current, Total | $ 1,112,000 | $ 743,000 | |||
Retained Earnings (Accumulated Deficit), Ending Balance | (97,568,000) | (86,361,000) | |||
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 8,910,000 | 5,358,000 | $ 4,820,000 | $ 12,689,000 | |
Operating Lease, Right-of-Use Asset | 1,180,000 | $ 1,505,000 | |||
Operating Lease, Liability, Total | 1,260,000 | $ 1,593,000 | |||
Accrued Liabilities and Other Liabilities, Current | $ 2,424,000 | 1,805,000 | |||
Restatement Adjustment [Member] | |||||
Accounts Payable, Current, Total | (277,000) | ||||
Accrued Liabilities and Other Liabilities, Current | $ 277,000 |
Note 3 - Fair Value Measureme_3
Note 3 - Fair Value Measurements - Fair Value of Assets Measured on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Money market funds | $ 8,910 | $ 5,358 |
Fair Value, Inputs, Level 1 [Member] | ||
Money market funds | 8,910 | 5,358 |
Fair Value, Inputs, Level 2 [Member] | ||
Money market funds | ||
Fair Value, Inputs, Level 3 [Member] | ||
Money market funds |
Note 4 - Inventories (Details T
Note 4 - Inventories (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Inventory Write-down | $ 54,000 | |||
Cost of Goods Sold [Member] | ||||
Inventory Write-down | $ 0 | $ 13,000 | $ 80,000 | $ 15,000 |
Note 4 - Inventories - Summary
Note 4 - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Raw materials | $ 79 | |
Work in process | 45 | 39 |
Finished goods | 23 | |
Total | $ 45 | $ 141 |
Note 5 - Property and Equipme_3
Note 5 - Property and Equipment, Net (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Depreciation, Total | $ 29,000 | $ 22,000 | $ 78,000 | $ 66,000 |
Note 5 - Property and Equipme_4
Note 5 - Property and Equipment, Net - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Property and equipment, gross | $ 1,133 | $ 990 |
Less accumulated depreciation | (923) | (845) |
Property and equipment, net | 210 | 145 |
Computer Equipment and Software [Member] | ||
Property and equipment, gross | 127 | 119 |
Laboratory and Manufacturing Equipment [Member] | ||
Property and equipment, gross | 550 | 481 |
Furniture and Fixtures [Member] | ||
Property and equipment, gross | 55 | 55 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | 332 | 332 |
Construction in Progress [Member] | ||
Property and equipment, gross | $ 69 | $ 3 |
Note 6 - Operating Lease Righ_3
Note 6 - Operating Lease Right-of-use Asset, Net - Impact of New Lease Standard (Details) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2019USD ($) | Sep. 30, 2019USD ($) | |
Straight-line rent expense recognized for operating lease | $ 150 | $ 450 |
Variable rent expense recognized for operating lease | 63 | 202 |
Total rent expense | $ 213 | $ 652 |
Weighted average remaining lease term (in years) (Year) | 2 years 91 days | 2 years 91 days |
Weighted average discount rate | 12.05% | 12.05% |
Note 6 - Operating Lease Righ_4
Note 6 - Operating Lease Right-of-use Asset, Net - Supplement Cash Flow Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2019 | Sep. 30, 2019 | |
Cash paid for amounts included in the measurement of lease liabilities | $ 153 | $ 459 |
Cash Lease Expense (imputed interest expense component of net income) | $ 39 | $ 126 |
Note 6 - Operating Lease Righ_5
Note 6 - Operating Lease Right-of-use Asset, Net - Future Minimum Lease Payments Under Operating Lease (Details) - USD ($) | Sep. 30, 2019 | Jan. 01, 2019 |
Remainder of 2019 | $ 153,000 | |
2020 | 630,000 | |
2021 | 649,000 | |
Total undiscounted lease payments | 1,432,000 | |
Less imputed interest | 172,000 | |
Total operating lease liabilities | $ 1,260,000 | $ 1,593,000 |
Note 6 - Operating Lease Righ_6
Note 6 - Operating Lease Right-of-use Asset, Net - Future Minimum Lease Payments (Details) $ in Thousands | Dec. 31, 2018USD ($) |
2019 | $ 612 |
2020 | 630 |
2021 | 649 |
Total | $ 1,891 |
Note 7 - Accrued Expenses and_3
Note 7 - Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Accrued expenses | $ 102 | $ 127 |
Accrued salaries and employee benefits | 496 | 368 |
Accrued director compensation | 555 | 277 |
Accrued clinical trial costs | 382 | 276 |
Grant liability | 637 | 645 |
Customer deposits | 252 | 112 |
Total | $ 2,424 | $ 1,805 |
Note 8 - Stockholders' Equity_2
Note 8 - Stockholders' Equity (Details Textual) | Sep. 04, 2019USD ($)shares | Aug. 06, 2019USD ($)$ / sharesshares | Aug. 06, 2019USD ($)$ / sharesshares | Aug. 02, 2019$ / sharesshares | Jul. 05, 2019USD ($)shares | Jun. 06, 2019 | Dec. 24, 2018USD ($)$ / sharesshares | Sep. 30, 2019USD ($)$ / sharesshares | Sep. 30, 2019USD ($)$ / sharesshares | Sep. 30, 2018USD ($) | Aug. 05, 2019$ / shares | Dec. 31, 2018$ / sharesshares |
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 6.75 | $ 6.36 | $ 6.36 | $ 6.75 | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 296,296 | |||||||||||
Class of Warrant or Right, Issued During Period | 2,139,512 | |||||||||||
Common Stock, Shares, Issued, Total | 592,592 | 6,825,183 | 6,825,183 | 4,845,697 | ||||||||
Sale of Stock, Price Per Share | $ / shares | $ 6.75 | |||||||||||
Proceeds from Issuance of Common Stock and Warrants | $ | $ 3,800,000 | $ 9,260,000 | ||||||||||
Payments of Stock Issuance Costs | $ | $ 200,000 | |||||||||||
Reverse Stock Split [Member] | ||||||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 9 | |||||||||||
Conversion of Convertible Notes to Units [Member] | ||||||||||||
Debt Conversion, Original Debt, Amount | $ | $ 633,000 | $ 52,000 | ||||||||||
Debt Conversion, Converted Instrument, Shares Issued | 210,887 | 521,000 | ||||||||||
Interest Expense, Debt, Total | $ | $ 112,000 | |||||||||||
Amortization of Debt Discount (Premium) | $ | $ 104,000 | |||||||||||
Convertible Promissory Note [Member] | ||||||||||||
Proceeds from Convertible Debt | $ | $ 625,000 | |||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 14.00% | |||||||||||
Debt Conversion, Original Debt, Discount of Securities Offered | 50.00% | |||||||||||
Underwriters [Member] | ||||||||||||
Proceeds from Issuance or Sale of Equity, Total | $ | $ 420,000 | |||||||||||
Stock Issued During Period, Shares, New Issues | 75,000 | |||||||||||
Class of Warrant or Right, Issued During Period | 250,000 | |||||||||||
Underwriting Discounts and Commissions | $ | $ 32,000 | |||||||||||
Warrants Issued to Underwriters [Member] | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 6.60 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 11,958 | |||||||||||
Public Offering [Member] | ||||||||||||
Number of Units Offered to Sale | 1,666,667 | |||||||||||
Number of Common Stock in Each Unit | 1 | |||||||||||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | |||||||||||
Number of Common Stock Called by Each Unit | 1 | |||||||||||
Unit Offering Price | $ / shares | $ 6 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 6.30 | |||||||||||
Warrants and Rights Outstanding, Term | 5 years | |||||||||||
Underwriters, Additional Common Shares Authorized to Purchase | 250,000 | |||||||||||
Underwriters, Additional Warrants Authorized to Purchase | 250,000 | |||||||||||
Proceeds from Issuance or Sale of Equity, Total | $ | $ 8,840,000 | |||||||||||
Number of Warrants in Each Unit | 1 | |||||||||||
Private Placement Unit [Member] | ||||||||||||
Number of Common Stock in Each Unit | 1 | 1 | ||||||||||
Number of Common Stock Called by Each Unit | 1 | 1 | ||||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 3 | $ 3 | $ 8 | |||||||||
Number of Warrants in Each Unit | 1 | 1 |
Note 8 - Stockholders' Equity -
Note 8 - Stockholders' Equity - Warrants (Details) | 9 Months Ended |
Sep. 30, 2019$ / sharesshares | |
Balance, December 31, 2018 (in shares) | shares | 296,296 |
Balance, December 31, 2018 (in dollars per share) | $ / shares | $ 6.75 |
Warrants for common stock sold (in shares) | shares | 2,139,512 |
Warrants for common stock sold (in dollars per share) | $ / shares | $ 6.30 |
Balance, September 30,2018 (in shares) | shares | 2,435,808 |
Balance, September 30,2018 (in dollars per share) | $ / shares | $ 6.36 |
Note 9 - Share-based Compensa_3
Note 9 - Share-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Share-based Payment Arrangement, Amount Capitalized | $ 0 | $ 0 | $ 0 | $ 0 |
Non-employee Directors and Employees [Member] | ||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | 4,000,000 | $ 4,000,000 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years 109 days | |||
Restricted Stock Units (RSUs) [Member] | ||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 230,000 | $ 230,000 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 109 days |
Note 9 - Share-based Compensa_4
Note 9 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Share-based compensation expense | $ 756 | $ 730 | $ 2,142 | $ 2,083 |
Cost of Goods Sold [Member] | ||||
Share-based compensation expense | 38 | 39 | 130 | 105 |
Research and Development Expense [Member] | ||||
Share-based compensation expense | 293 | 250 | 787 | 711 |
Selling, General and Administrative Expenses [Member] | ||||
Share-based compensation expense | $ 425 | $ 441 | $ 1,224 | $ 1,267 |
Note 9 - Share-based Compensa_5
Note 9 - Share-based Compensation - Stock Option Activity (Details) | 9 Months Ended |
Sep. 30, 2019$ / sharesshares | |
Stock options outstanding, beginning of period (in shares) | shares | 608,485 |
Balance, weighted average exercise price, beginning of period (in dollars per share) | $ / shares | $ 25.16 |
Stock options granted (in shares) | shares | 254,785 |
Stock options granted, weighted average exercise price (in dollars per share) | $ / shares | $ 5.28 |
Stock options exercised (in shares) | shares | |
Stock options exercised, weighted average exercise price (in dollars per share) | $ / shares | |
Stock options canceled (in shares) | shares | (15,122) |
Stock options canceled, weighted average exercise price (in dollars per share) | $ / shares | $ 14.16 |
Balance, September 30, 2019 (in shares) | shares | 848,148 |
Balance, September 30, 2019 (in dollars per share) | $ / shares | $ 18.90 |
Exercisable and vested (in shares) | shares | 390,199 |
Exercisable and vested, weighted average exercise price (in dollars per share) | $ / shares | $ 24.17 |
Note 9 - Share-based Compensa_6
Note 9 - Share-based Compensation - Summary of Non-vested RSUs (Details) - Restricted Stock Units (RSUs) [Member] | 9 Months Ended |
Sep. 30, 2019$ / sharesshares | |
Balance, December 31, 2018 (in shares) | shares | 29,694 |
Balance, December 31, 2018 (in dollars per share) | $ / shares | $ 25.56 |
RSUs granted, shares (in shares) | shares | 34,713 |
RSUs granted, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 4.75 |
RSUs vested, shares (in shares) | shares | (2,272) |
RSUs vested, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 99.36 |
RSUs forfeited, shares (in shares) | shares | |
RSUs forfeited, weighted average grant date fair value per share (in dollars per share) | $ / shares | |
Balance, September 30, 2019 (in shares) | shares | 62,135 |
Balance, September 30, 2019 (in dollars per share) | $ / shares | $ 10.55 |
Note 10 - Net Loss Per Share -
Note 10 - Net Loss Per Share - Anti-dilutive Securities (Details) - shares | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Antidilutive securities (in shares) | 3,346,091 | 646,273 |
Share-based Payment Arrangement, Option [Member] | ||
Antidilutive securities (in shares) | 848,148 | 616,567 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive securities (in shares) | 62,135 | 29,706 |
Warrant [Member] | ||
Antidilutive securities (in shares) | 2,435,808 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Income Tax Expense (Benefit), Total | $ 0 | $ 0 | $ 0 | $ 0 |
Deferred Tax Liabilities, Net, Total | $ 0 | $ 0 |
Note 12 - Related Party Trans_2
Note 12 - Related Party Transactions (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||
Aug. 31, 2016 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | Aug. 19, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 254,785 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ 18.90 | $ 18.90 | $ 25.16 | ||||
Share-based Payment Arrangement, Noncash Expense, Total | $ 2,142,000 | $ 2,083,000 | |||||
Chairman and Chief Executive Officer of OPKO [Member] | |||||||
Related Party, Ownership Percentage | 5.00% | ||||||
Chairman and Chief Executive Officer of OPKO [Member] | OPKO [Member] | |||||||
Share-based Payment Arrangement, Noncash Expense, Total | $ 116,000 | $ 59,000 | $ 160,000 | $ 121,000 | |||
OPKO [Member] | Consulting Services [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 46,553 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ 16.20 | ||||||
Consulting Agreement, Term | 4 years | ||||||
Consulting Agreement, Term, Length of Automatic Renewal Periods | 1 year |