10-K Filing

WRAP TECHNOLOGIES, INC. CIK: 1702924 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001851734-22-000144`
Period End Date	20211231
Filing Date	20220310
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	wrap20211231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 90 Stockholders Equity 22

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.65M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.98M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$24.99M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$29.98M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.87M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.57M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.65M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$868.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$760.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	40.85M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$41.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.93M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.55M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	37.55M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$357.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$976.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	40.85M	shares	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$139.00K	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$51.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.98M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.00K	USD	Point-in-time
Total assets	`Assets`	$48.83M	USD	Point-in-time
Total assets	`Assets`	$44.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.78M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$824.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$721.00K	USD	Point-in-time
Customer deposits	`CurrentLiabilitiesCustomerDeposits`	$43.00K	USD	Point-in-time
Customer deposits	`CurrentLiabilitiesCustomerDeposits`	$2.00K	USD	Point-in-time
Deferred revenue- short term	`ContractWithCustomerLiabilityCurrent`	$155.00K	USD	Point-in-time
Deferred revenue- short term	`ContractWithCustomerLiabilityCurrent`	$16.00K	USD	Point-in-time
Operating lease liability- short term	`OperatingLeaseLiabilityCurrent`	$56.00K	USD	Point-in-time
Operating lease liability- short term	`OperatingLeaseLiabilityCurrent`	$94.00K	USD	Point-in-time
Business acquisition liability - short term	`BusinessCombinationContingentConsiderationLiabilityCurrent`	-	USD	Point-in-time
Business acquisition liability - short term	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$275.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.86M	USD	Point-in-time
Deferred revenue- long term	`ContractWithCustomerLiabilityNoncurrent`	-	USD	Point-in-time
Deferred revenue- long term	`ContractWithCustomerLiabilityNoncurrent`	$110.00K	USD	Point-in-time
Operating lease liability - long term	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability - long term	`OperatingLeaseLiabilityNoncurrent`	$56.00K	USD	Point-in-time
Business acquisition liability - long term	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	-	USD	Point-in-time
Business acquisition liability - long term	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$23.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$79.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$110.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.42M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - 5,000,000 authorized; par value $0.0001 per share; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - 5,000,000 authorized; par value $0.0001 per share; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - 150,000,000 authorized; par value $0.0001 per share; 40,851,945 and 37,554,162 shares issued and outstanding each period, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock - 150,000,000 authorized; par value $0.0001 per share; 40,851,945 and 37,554,162 shares issued and outstanding each period, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$91.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$71.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.31M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$15.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$41.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$46.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$48.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$44.23M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Product sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$7.38M	USD	Annual
Product sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.87M	USD	Annual
Other revenue	`OtherOperatingIncome`	$348.00K	USD	Annual
Other revenue	`OtherOperatingIncome`	$76.00K	USD	Annual
Total revenues	`Revenues`	$7.73M	USD	Annual
Total revenues	`Revenues`	$3.94M	USD	Annual
Products and services	`CostOfGoodsAndServicesSold`	$4.99M	USD	Annual
Products and services	`CostOfGoodsAndServicesSold`	$2.60M	USD	Annual
Product line exit expense	`ProductLineExitExpense`	$747.00K	USD	Annual
Product line exit expense	`ProductLineExitExpense`	-	USD	Annual
Total cost of revenues	`CostOfRevenue`	$2.60M	USD	Annual
Total cost of revenues	`CostOfRevenue`	$5.73M	USD	Annual
Gross profit	`GrossProfit`	$2.00M	USD	Annual
Gross profit	`GrossProfit`	$1.34M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.63M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$20.28M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.21M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.79M	USD	Annual
Total operating expenses	`OperatingExpenses`	$26.49M	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.42M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-24.50M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-13.08M	USD	Annual
Investment income	`InvestmentIncomeInterest`	$83.00K	USD	Annual
Investment income	`InvestmentIncomeInterest`	$31.00K	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	$417.00K	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$15.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	Annual
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$46.00K	USD	Annual
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$497.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-24.45M	USD	Annual
Net loss	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss per basic and diluted common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	Annual
Net loss per basic and diluted common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	Annual
Weighted average common shares used to compute net loss per basic and diluted common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.28M	shares	Annual
Weighted average common shares used to compute net loss per basic and diluted common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.85M	shares	Annual
Net loss	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-24.45M	USD	Annual
Net unrealized gain (loss) on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-21.00K	USD	Annual
Net unrealized gain (loss) on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$15.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.56M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-24.47M	USD	Annual

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-24.45M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$163.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$478.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$2.24M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$5.36M	USD	Annual
Common shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Common shares issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$239.00K	USD	Annual
Product line exit expense	`ProductLineExitExpense`	$747.00K	USD	Annual
Product line exit expense	`ProductLineExitExpense`	-	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Debt forgiveness income	`GainsLossesOnExtinguishmentOfDebt`	$417.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$27.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Warranty provision	`ProductWarrantyExpense`	$10.00K	USD	Annual
Warranty provision	`ProductWarrantyExpense`	$30.00K	USD	Annual
Inventory write-offs	`InventoryWriteDown`	-	USD	Annual
Inventory write-offs	`InventoryWriteDown`	$-68.00K	USD	Annual
Software impairment charge	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Software impairment charge	`ImpairmentOfIntangibleAssetsFinitelived`	$170.00K	USD	Annual
Change in contingent liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-23.00K	USD	Annual
Change in contingent liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$122.00K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$88.00K	USD	Annual
Non-cash interest expense	`InterestExpense`	$2.00K	USD	Annual
Non-cash interest expense	`InterestExpense`	-	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$123.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$10.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.69M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.11M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-559.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$343.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$109.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$508.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$825.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$546.00K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-128.00K	USD	Annual
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-94.00K	USD	Annual
Customer deposits	`IncreaseDecreaseInDepositOtherAssets`	$342.00K	USD	Annual
Customer deposits	`IncreaseDecreaseInDepositOtherAssets`	$-41.00K	USD	Annual
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$-54.00K	USD	Annual
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities`	$493.00K	USD	Annual
Warranty settlement	`IncreaseDecreaseInWarrantySettlement`	$4.00K	USD	Annual
Warranty settlement	`IncreaseDecreaseInWarrantySettlement`	$38.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$249.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.19M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.22M	USD	Annual
Purchase of short-term investments	`PaymentsToAcquireInvestments`	$55.01M	USD	Annual
Purchase of short-term investments	`PaymentsToAcquireInvestments`	$34.98M	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$50.01M	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$10.00M	USD	Annual
Capital expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$249.00K	USD	Annual
Capital expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$995.00K	USD	Annual
Business acquisition	`PaymentsToAcquireBusinessesGross`	-	USD	Annual
Business acquisition	`PaymentsToAcquireBusinessesGross`	$210.00K	USD	Annual
Proceeds from long-term deposits	`ProceedsFromOtherDeposits`	-	USD	Annual
Proceeds from long-term deposits	`ProceedsFromOtherDeposits`	$4.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.94M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.11M	USD	Annual
Sale of common stock and warrants	`ProceedsFromIssuanceOfCommonStockAndWarrants`	$12.40M	USD	Annual
Sale of common stock and warrants	`ProceedsFromIssuanceOfCommonStockAndWarrants`	-	USD	Annual
Offering costs paid on sale of common stock and warrants	`PaymentsOfStockIssuanceCosts`	$733.00K	USD	Annual
Offering costs paid on sale of common stock and warrants	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$12.05M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$26.19M	USD	Annual
Offering costs paid on exercise of warrants	`OfferingCostsPaidOnExerciseOfWarrants`	-	USD	Annual
Offering costs paid on exercise of warrants	`OfferingCostsPaidOnExerciseOfWarrants`	$1.02M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$705.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.68M	USD	Annual
Proceeds from bank note	`ProceedsFromBankNote`	$414.00K	USD	Annual
Proceeds from bank note	`ProceedsFromBankNote`	-	USD	Annual
Repayment of debt	`ProceedsFromRepaymentsOfDebt`	-	USD	Annual
Repayment of debt	`ProceedsFromRepaymentsOfDebt`	$-275.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.96M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.45M	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.71M	USD	Annual
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-337.00K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.98M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.98M	USD	Point-in-time
Business acquisition liability	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	Annual
Business acquisition liability	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$298.00K	USD	Annual
Business acquisition cost in deferred revenue	`NoncashOrPartNoncashAcquisitionDeferredRevenue`	$15.00K	USD	Annual
Business acquisition cost in deferred revenue	`NoncashOrPartNoncashAcquisitionDeferredRevenue`	-	USD	Annual
Change in unrealized gain on short-term investments	`ChangeInUnrealizedGainOnShortTermInvestments`	$15.00K	USD	Annual
Change in unrealized gain on short-term investments	`ChangeInUnrealizedGainOnShortTermInvestments`	$-21.00K	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Common stock and warrants, price per share (in dollars per share)	`SaleOfStockAndWarrantPricePerShare`	$6.00	USD	Point-in-time
Balance	`StockholdersEquity`	$41.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$46.41M	USD	Point-in-time
Sale of Common Stock and warrant in public offering, net of issuance costs	`StockAndWarrantsIssuedDuringPeriodValueNewIssuesNetOfIssuanceCosts`	$11.67M	USD	Annual
Common shares issued upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	915,404.00	shares	Annual
Common shares issued upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	371,000.00	shares	Annual
Common shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.68M	USD	Annual
Common shares issued upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$705.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.36M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.24M	USD	Annual
Net unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-21.00K	USD	Annual
Net unrealized gain on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$15.00K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-24.45M	USD	Annual
Common shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$239.00K	USD	Annual
Net unrealized loss on short-term investments	`NetUnrealizedLossOnShortTermInvestments`	$21.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-12.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-24.45M	USD	Annual
Balance	`StockholdersEquity`	$19.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$46.41M	USD	Point-in-time

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