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December 2019
Document and Entity Information - USD ($) | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2018 | Feb. 28, 2019 | Jun. 30, 2018 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | PRTK | ||
Entity Registrant Name | PARATEK PHARMACEUTICALS, INC. | ||
Entity Central Index Key | 0001178711 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 32,415,977 | ||
Entity Public Float | $ 293,668,914 |
Please wait while we load the requested 10-K report or click the link below:
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Paratek Pharmaceuticals, Inc..
Paratek Pharmaceuticals, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:
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This is offset by $27.3 million in non-cash items, including, $25.5 million in stock-based compensation expense primarily due to the vesting of several PRSU awards, $2.8 million of non-cash interest expense related to the Hercules Loan Agreement, as amended, the Notes, and $1.1 million in net depreciation, amortization and accretion, as well as a $5.0 million decrease in accounts receivable.
Net cash provided by financing activities for 2018 is primarily composed of the following: $159.0 million in net proceeds raised through the sale of the Notes; $49.8 million in net proceeds raised through the January 2018 offering of common stock; $10.0 million in net proceeds received from the Fifth Tranche of the Hercules Loan Agreement, as amended; and $1.7 million in net proceeds raised through the sale of shares of our common stock.
The remainder represents the net impact of $18.7 million in non-cash items, including $18.2 million in depreciation, amortization, accretion and stock-based compensation expense, $0.4 million in non-cash interest expense, a $0.7 million impairment charge and a decrease in fair value of contingent consideration of $0.6 million.
The net losses and negative operating cash flows incurred to date, together with expected future losses, have had, and likely will continue to have, an adverse effect on our stockholders equity and working capital.
At contract inception, once the contract is determined to be within the scope of ASC 606, we assess the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct.
We do not assign or...Read more
The amount of future net...Read more
Revenue for the year ended...Read more
Net cash provided by financing...Read more
In certain circumstances if, at...Read more
While our significant accounting policies...Read more
We consider all highly liquid...Read more
The increase was primarily due...Read more
In addition, the Subsidiary will...Read more
Revenue for the year ended...Read more
In connection with the Fifth...Read more
We have also issued to...Read more
All costs were deferred and...Read more
For example, if the FDA,...Read more
To determine revenue recognition for...Read more
If achievement of the performance...Read more
This will be offset by...Read more
Net cash used in investing...Read more
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Based upon our current operating...Read more
We anticipate that our general...Read more
If we raise additional funds...Read more
With respect to the $10.0...Read more
With respect to the $10...Read more
We capitalized all leasehold improvements...Read more
If any other event of...Read more
The new standard was effective...Read more
The new standard became effective...Read more
The Novartis Agreement was terminated...Read more
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Royalties For arrangements that include...Read more
We expect to adopt the...Read more
The slight decrease was driven...Read more
During the year ended December...Read more
The financial terms of these...Read more
In addition, following certain corporate...Read more
These include: failure to pay...Read more
This ASU is effective for...Read more
ASU 2016-16 is effective for...Read more
Additionally, on December 1, 2017,...Read more
Research and development expenses consisted...Read more
Customer options If an arrangement...Read more
We anticipate that research and...Read more
Costs for certain development activities...Read more
During 2018, we recorded a...Read more
The transaction price is allocated...Read more
This is offset partially by...Read more
We account for nonrefundable advance...Read more
ASU 2017-04 is effective for...Read more
The determination of whether inventory...Read more
Our research and development expenses...Read more
The Royalty-Backed Loan Agreement matures...Read more
The Fifth Amendment increased the...Read more
The Fifth Amendment increased the...Read more
On October 16, 2015, we...Read more
On December 12, 2016, we...Read more
The following Management?s Discussion and...Read more
There may be instances in...Read more
Prior to the regulatory approval...Read more
Under ASC 606, an entity...Read more
Until the first reporting period...Read more
We expect we will elect...Read more
Such impairment charges, should they...Read more
Inventory used in clinical trials...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Paratek Pharmaceuticals, Inc. provided additional information to their SEC Filing as exhibits
Ticker: PRTK
CIK: 1178711
Form Type: 10-K Annual Report
Accession Number: 0001564590-19-006315
Submitted to the SEC: Tue Mar 05 2019 12:34:40 PM EST
Accepted by the SEC: Wed Mar 06 2019
Period: Monday, December 31, 2018
Industry: Pharmaceutical Preparations