XML 40 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
Nature of Operations and Basis of Presentation - Additional Information (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 14, 2022
Mar. 04, 2022
Jan. 14, 2022
Oct. 12, 2021
Mar. 19, 2021
Jan. 25, 2021
Apr. 30, 2020
Mar. 18, 2020
Nov. 09, 2018
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Mar. 31, 2022
Dec. 31, 2021
Oct. 04, 2021
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Accumulated deficit                   $ 126,355,994   $ 126,355,994     $ 114,509,954  
Cash and cash equivalents                   $ 14,469,744   14,469,744     12,710,762  
Net cash used in operating activities                       (12,866,087) $ 9,242,939      
Issuance of common stock, net of issuance costs, shares                   300,000            
Proceeds from issuance of common stock, net of issuance costs                   $ 400,000   3,524,198 $ 3,139,047      
Reimbursement payment         $ 14,000,000.0                      
Development payments         10,000,000.0                      
Current liabilities                   17,473,264   17,473,264     $ 29,109,950  
Deferred collaboration funding                   6,300,000   6,300,000        
Event of Positive Safety                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Cash and cash equivalents                   2,000,000.0   2,000,000.0        
Lincoln Park                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Remained available under facility                   $ 11,800,000   $ 11,800,000        
Issuance of common stock, net of issuance costs, shares                   300,000 0 300,000 200,000      
Issuance of common stock, price per share                   $ 1.25   $ 1.25        
Proceeds from issuance of common stock, net of issuance costs                       $ 400,000 $ 500,000      
Proceeds from issuance of common stock gross                   $ 400,000   400,000        
Remaining obligation                   11,800,000   11,800,000        
Number of shares, company may sell on any single business day             50,000                  
Maximum amount of Common stock at time of sale, per regular purchase             $ 1,000,000.0                  
Stock to be issued value on certain limitation and condition             11,800,000                  
Proposed Collaboration and License Agreement                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Upfront non-refundable payment received         1,000,000.0                      
Proposed Collaboration and License Agreement | Relief Therapeutics Holding AG                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Upfront non-refundable payment received           $ 1,000,000.0                    
Proposed Collaboration and License Agreement | Secured Loan | Relief Therapeutics Holding AG                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument, term           12 months                    
Debt instrument, principal amount           $ 4,000,000.0                    
Debt instrument, interest rate           6.00%                    
Collaboration Agreement | Second Development Payment                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Deferred collaboration funding                   14,200,000   14,200,000        
Collaboration Agreement | Relief Therapeutics Holding AG                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Upfront non-refundable payment received           $ 1,000,000.0                    
Cash payment received         10,000,000.0           $ 10,000,000.0          
Repayment of outstanding balance of prior loan and interest         4,000,000.0 4,000,000.0                    
Reimbursement payment         $ 14,000,000.0 $ 14,000,000.0                    
Potential proceeds from development payments subject to new drug application                               $ 10,000,000.0
Proceeds from first tranche of development payments subject to new drug application       $ 5,000,000.0                        
Net profit split ratio based on territory         60.00% 60.00%                    
Net profit split ratio           60%:40%                    
Percentage of royalty net sales received         15.00% 15.00%                    
Milestone payment to be received         $ 6,000,000.0 $ 6,000,000.0                    
Collaboration Agreement | Relief Therapeutics Holding AG | First Development Payment                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Development payments subject new drug application                     $ 10,000,000.0   $ 10,000,000.0      
Collaboration Agreement | Relief Therapeutics Holding AG | Second Development Payment                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Potential proceeds from development payments subject to new drug application                               $ 10,000,000.0
Proceeds from first tranche of development payments subject to new drug application       5,000,000.0                        
Collaboration Agreement | Secured Loan | Relief Therapeutics Holding AG                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument, term           12 months                    
Debt instrument, principal amount           $ 4,000,000.0                    
Debt instrument, interest rate           6.00%                    
Waiver and Agreement | Relief Therapeutics Holding AG                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Proceeds from second tranche of development payments subject to new drug application       5,000,000.0                        
Waiver and Agreement | Relief Therapeutics Holding AG | Second Development Payment                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Proceeds from first tranche of development payments subject to new drug application     $ 5,000,000.0 5,000,000.0                        
Proceeds from second tranche of development payments subject to new drug application       $ 5,000,000.0                        
SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument, principal amount   $ 6,500,000                            
Debt instrument, interest rate, increase   3.00%                            
Minimum cash balance required by the loan covenants                   4,000,000.0   4,000,000.0        
Origination fees $ 100,000                              
Warrant issued to purchase common stock   150,000                            
Warrant, exercise price   $ 2.46                            
SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC | Event of Positive Safety                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Cash and cash equivalents                   $ 2,000,000.0   $ 2,000,000.0        
SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC | If ACER-001 Approval does not Occur on or Before September 30, 2022                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument, maturity date   Mar. 04, 2024                            
Debt instrument repayment percentage on outstanding principal amount   150.00%                            
SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC | If ACER-001 Approval Occur on or Before September 30, 2022                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument repayment percentage on outstanding principal amount   130.00%                            
SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC | Remainder of the Time Till Bridge Loan is Outstanding                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Minimum cash balance required by the loan covenants                           $ 6,500,000    
SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC | LIBOR                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument, interest rate   1.00%                            
Debt instrument, description of variable rate basis                       3-month LIBOR        
Debt instrument, periodic payment, principal   $ 700,000                            
Debt instrument, frequency of periodic payment                       quarterly        
Debt instrument, basis spread on variable rate   11.00%                            
Loan repayment commencing date   Nov. 15, 2022                            
Secured Convertible Note Purchase Agreement | Secured Convertible Notes | MAM Aardvark, LLC and Marathon Healthcare Finance Fund, L.P.                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument, principal amount   $ 6,000,000.0                            
Debt instrument, interest rate   6.50%                            
Debt instrument, frequency of periodic payment                       quarterly        
Debt instrument, interest rate, increase   11.50%                            
Conversion price   $ 2.50                            
Marathon Credit Agreement | Term Loan | Lender Party and Marathon                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Debt instrument, principal amount   $ 42,500,000                            
Debt instrument, interest rate   13.50%                            
Debt instrument, frequency of periodic payment                       quarterly        
Debt instrument, maturity date   Dec. 31, 2028                            
Percentage of commitment fee   1.50%                            
Line of credit facility, maximum borrowing capacity   $ 92,500,000                            
Line of credit facility, additional borrowing capacity   $ 50,000,000.0                            
Percentage of option to capitalize 4.00%                              
Debt instrument amortization percentage   2.78%                            
Debt instrument, maturity date, description                       The final maturity date of the Term Loan would be the earlier of six years after the Term Loan Funding Date or December 31, 2028.        
Percentage of prepayment, prior to March 4, 2025   5.00%                            
Percentage of prepayment, on or after March 4, 2025, but prior to March 4, 2026   3.00%                            
Percentage of prepayment, on or after March 4, 2026, but prior to March 4, 2027   2.00%                            
Percentage of prepayment, on or after March 4, 2027   1.00%                            
Payment for commitment fees   $ 200,000                            
Payment for additional commitment fees   $ 600,000                            
Percentage of aggregate revenue as royalty payments   2.00%                            
Royalty payments on aggregate revenue cap amount   $ 15,000,000.0                            
Weighted Average | Lincoln Park                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Issuance of common stock, price per share                   $ 1.25 $ 2.47 $ 1.25 $ 2.47      
Minimum [Member] | SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Number of days required for cash balance                       20 days        
Minimum [Member] | SWK Credit Agreement | Bridge Loan | Lenders Party and SWK Funding LLC | Remainder of the Time Till Bridge Loan is Outstanding                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Number of days required for cash balance                       40 days        
Maximum | Lincoln Park                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Shares value might be issued under agreement             $ 15,000,000.0                  
Number of shares, company may sell on any single business day             100,000                  
Maximum | Collaboration Agreement | Relief Therapeutics Holding AG                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Development payments         $ 20,000,000.0                      
At-the-Market Facility                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Remained available under facility                   $ 36,700,000   $ 36,700,000        
Common stock offering costs                   $ 200,000   $ 200,000 $ 200,000      
Issuance of common stock, net of issuance costs, shares                   1,062,547   1,062,547 877,107      
Proceeds from issuance of common stock, net of issuance costs                   $ 3,100,000   $ 3,100,000 $ 2,600,000      
Proceeds from issuance of common stock gross                   $ 3,300,000   $ 3,300,000 $ 2,800,000      
At-the-Market Facility | Weighted Average                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Issuance of common stock, price per share                   $ 3.0719 $ 3.1692 $ 3.0719 $ 3.1692      
At-the-Market Facility | Maximum                                
Organization Consolidation and Presentation of Financial Statement [Line Items]                                
Aggregate offering price of common stock               $ 50,000,000.0 $ 50,000,000.0