Note 10 - Share Capital (Details Textual)
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3 Months Ended |
5 Months Ended |
9 Months Ended |
11 Months Ended |
12 Months Ended |
18 Months Ended |
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Jan. 13, 2025
Days
$ / shares
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Sep. 11, 2024
USD ($)
$ / shares
shares
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Jun. 03, 2024
USD ($)
$ / shares
shares
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Jan. 31, 2024
USD ($)
$ / shares
shares
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Sep. 06, 2023
USD ($)
shares
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May 25, 2023
USD ($)
shares
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Sep. 30, 2024
USD ($)
$ / shares
shares
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Sep. 30, 2023
USD ($)
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May 30, 2024
USD ($)
$ / shares
shares
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Sep. 30, 2024
USD ($)
$ / shares
shares
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Sep. 30, 2023
USD ($)
shares
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Apr. 30, 2024
USD ($)
$ / shares
shares
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Dec. 31, 2023
USD ($)
$ / shares
shares
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May 30, 2024
USD ($)
$ / shares
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Sep. 05, 2024 |
Jul. 16, 2024
$ / shares
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Apr. 01, 2024 |
Feb. 29, 2024 |
Aug. 10, 2023
USD ($)
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Dec. 31, 2022
USD ($)
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Dec. 09, 2022
USD ($)
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Nov. 04, 2021
shares
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Nasdaq Listing Rule, minimum requirement for stockholders' equity |
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$ 2,500,000
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$ 2,500,000
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$ 2,500,000
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Negative shareholder's equity |
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$ (9,134,000)
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$ 7,776,000
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$ (9,134,000)
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$ 7,776,000
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$ (2,901,000)
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$ 37,741,000
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Common shares issued (in shares) | shares |
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1,395,000
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Pre-Funded warrants exercised | shares |
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1,395,000
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Cash proceeds |
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$ 1,000
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
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$ 0.001
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Percentage of shares outstanding |
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20.00%
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Financing costs including underwriting costs, professional fees and recognition of deferred financing costs |
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$ 408,000,000
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$ 1,400,000
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Underwriting costs (as percent) |
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7.00%
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Warrants to purchase common shares, exchange price | $ / shares |
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$ 0.001
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Common Stock, Shares Outstanding | shares |
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19,521,183
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19,521,183
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7,942,363
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Cash proceeds from issuing shares |
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1,185,000
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Common Shares [Member] |
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Negative shareholder's equity |
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$ 452,302,000
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443,938,000
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$ 452,302,000
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443,938,000
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$ 444,806,000
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$ 437,520,000
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Cash proceeds from issuing shares |
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1,185,000
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Forecast [Member] | Common Shares [Member] |
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Common stock, par value | $ / shares |
$ 1
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Description of subsequent event |
The Company has been given 180 calendar days, or until January 13, 2025, to regain compliance with the Minimum Bid Price Requirement. If at any time before January 13, 2025, the bid price of the Company’s Common Shares closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance with the Minimum Bid Requirement. If the Company does not regain compliance with the Minimum Bid Price Requirement by January 13, 2025, the Company may, at Nasdaq's discretion, be afforded a second 180 calendar day period to regain compliance, but if Nasdaq does not grant such extension, the Company's common shares could be delisted from Nasdaq
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Consecutive business days | Days |
10
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Warrant [Member] | Common Shares [Member] |
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Common warrants offering price | $ / shares |
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$ 1.71
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Hanmi Pharmaceuticals Co Ltd [Member] |
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Proceeds from issuance of common stock |
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$ 3,000,000
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
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$ 1.71
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Underwriting costs (as percent) |
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7.00%
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Professional fees |
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$ 400,000
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Warrants to purchase common shares, exchange price | $ / shares |
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$ 1.71
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Common Stock, Shares Outstanding | shares |
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2,989,415
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2,989,415
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Number of common shares held | shares |
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215,703
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Hanmi Pharmaceuticals Co Ltd [Member] | Common Shares [Member] |
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Number of shares sold | shares |
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668,449
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Maximum [Member] | Hanmi Pharmaceuticals Co Ltd [Member] |
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Investment for ownership interest |
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$ 7,000,000
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Percentage of investment |
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19.99%
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Minimum [Member] |
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Common stock, par value | $ / shares |
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$ 1
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Percentage of common shares outstanding. |
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19.99%
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Private placement issuance percentage |
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20.00%
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2023 Committed Equity Facility [Member] |
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Stock issuance program authorized shares | shares |
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25,156
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Common shares issued (in shares) | shares |
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720,494
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Proceeds from issuance of common stock |
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$ 2,100,000
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Stock Issuance Program, Authorized Amount |
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$ 25,000,000
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Percentage of common shares outstanding. |
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19.99%
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Shares issued, price per share (in dollars per share) | $ / shares |
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$ 2.91
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2023 Committed Equity Facility [Member] | Keystone [Member] |
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Common shares issued (in shares) | shares |
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510,101
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1,230,595
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Proceeds from issuance of common stock |
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$ 694
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$ 2,800,000
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Percentage of common shares outstanding. |
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19.99%
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Shares issued, price per share (in dollars per share) | $ / shares |
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$ 1.36
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$ 1.36
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$ 2.27
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Financing costs including underwriting costs, professional fees and recognition of deferred financing costs |
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$ 82,000
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$ 168,000
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2023 Committed Equity Facility [Member] | Initial Commitment Shares [Member] |
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Common shares issued (in shares) | shares |
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7,547
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Stock Issuance, Percent of Cash Commission to Broker |
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30.00%
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2023 Committed Equity Facility [Member] | First Back-End Commitment Shares [Member] |
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Common shares issued (in shares) | shares |
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7,547
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Stock Issuance, Percent of Cash Commission to Broker |
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30.00%
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2023 Committed Equity Facility [Member] | Commitment Shares [Member] |
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Common shares issued (in shares) | shares |
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10,062
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15,094
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2023 Committed Equity Facility [Member] | Commitment Shares [Member] | Keystone [Member] |
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Common shares issued (in shares) | shares |
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10,062
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25,156
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The 2022 ATM Offering [Member] |
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Common shares issued (in shares) | shares |
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81,591
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Proceeds from issuance of common stock |
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$ 0
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$ 694,000
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$ 97,000
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$ 97,000
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1,837,000
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$ 2,000,000
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Stock Issuance Program, Authorized Amount |
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$ 50,000,000
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Shares issued, price per share (in dollars per share) | $ / shares |
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$ 1.22
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$ 1.22
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Proceeds from Issuance of Common Stock, Gross |
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$ 100,000,000
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$ 2,100,000
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Stock Issuance, Percent of Cash Commission to Broker |
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3.00%
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3.00%
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Cash proceeds from issuing shares |
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$ (21,000)
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$ 1,828,000
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The 2022 ATM Offering [Member] | Common Shares [Member] |
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Common shares issued (in shares) | shares |
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82,000
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337,000
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Cash proceeds from issuing shares |
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$ 97,000
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$ 1,828,000
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June 2024 Registered Direct Offering [Member] |
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Common shares issued (in shares) | shares |
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1,800,000
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Shares issued, price per share (in dollars per share) | $ / shares |
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$ 1.15
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$ 1.15
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Proceeds from Issuance of Common Stock, Gross |
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$ 4,430,000
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June 2024 Registered Direct Offering [Member] | Pre-Funded Warrants [Member] |
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Warrants issued | shares |
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2,055,000
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Warrants purchase price per share | $ / shares |
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$ 1.149
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Private Placement [Member] |
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Warrants to purchase common shares, number of warrants | shares |
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192,750
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
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$ 1.44
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Warrants, Remaining contractual life |
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5 years
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Warrants to purchase common shares, exchange price | $ / shares |
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$ 1.44
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Private Placement [Member] | Series A Warrants [Member] |
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Warrants, Remaining contractual life |
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5 years
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Private Placement [Member] | Series B Warrants [Member] |
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
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$ 1.15
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Warrants, Remaining contractual life |
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18 months
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Warrants to purchase common shares, exchange price | $ / shares |
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$ 1.15
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Private Placement [Member] | Hanmi Pharmaceuticals Co Ltd [Member] |
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Common shares issued (in shares) | shares |
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2,105,263
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Proceeds from issuance of common stock |
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$ 4,000,000
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Shares issued, price per share (in dollars per share) | $ / shares |
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$ 1.9
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Private Placement [Member] | Maximum [Member] | Series A Warrants [Member] |
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Warrants to purchase common shares, number of warrants | shares |
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3,855,000
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Private Placement [Member] | Maximum [Member] | Series B Warrants [Member] |
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Warrants to purchase common shares, number of warrants | shares |
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3,855,000
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Public Offering [Member] |
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Common shares issued (in shares) | shares |
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5,649,122
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Public Offering [Member] | Hanmi Pharmaceuticals Co Ltd [Member] |
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Proceeds from issuance of common stock |
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$ 9,700,000
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Premium Share Price Percent |
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11.00%
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Over-Allotment Option [Member] |
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Common shares issued upon exercise of stock options |
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$ 736,842
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