XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

SEGMENTS | 3 Months Ended
--- | ---
Mar. 31, 2023
SEGMENTS [Abstract] |
SEGMENTS |
11. | SEGMENTS
The Company is engaged in the manufacture, marketing and development of specialty plasma-derived biologics. The Company’s ADMA BioManufacturing segment reflects the Company’s immunoglobulin manufacturing, commercial and development operations in Boca Raton, FL. The Plasma Collection Centers segment consists of ten operational plasma collection facilities located throughout the U.S., eight of which currently hold FDA licenses. The Corporate segment includes general and administrative overhead expenses. The Company defines its segments as those business units whose operating results are regularly reviewed by the chief operating decision maker (“CODM”) to analyze performance and allocate resources. The Company’s CODM is its President and Chief Executive Officer. Summarized financial information concerning reportable segments is shown in the following tables:
Three Months Ended March 31, 2023 |
|  | ADMA |  |  | Plasma Collection |  |  |  |  |  |  |
|  | BioManufacturing |  |  | Centers |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 49,576,935 |  |  | $ | 7,300,891 |  |  | $ | 35,708 |  |  | $ | 56,913,534 |
Cost of product revenue |  |  | 33,933,782 |  |  |  | 6,466,762 |  |  |  | - |  |  |  | 40,400,544 |
Income (loss) from operations |  |  | 5,476,441 |  |  |  | (946,334 | ) |  |  | (5,343,425 | ) |  |  | (813,318 | )
Interest and other expense, net |  |  | (23,779 | ) |  |  | (227 | ) |  |  | (5,951,491 | ) |  |  | (5,975,497 | )
Net income (loss) |  |  | 5,452,662 |  |  |  | (946,561 | ) |  |  | (11,294,916 | ) |  |  | (6,788,815 | )
Capital expenditures |  |  | 452,032 |  |  |  | 1,492,564 |  |  |  | - |  |  |  | 1,944,596 |
Depreciation and amortization expense |  |  | 1,292,608 |  |  |  | 740,357 |  |  |  | - |  |  |  | 2,032,965 |
Total assets |  |  | 234,894,891 |  |  |  | 38,853,662 |  |  |  | 67,038,989 |  |  |  | 340,787,542 |
Three Months Ended March 31, 2022 |
|  | ADMA |  |  | Plasma Collection |  |  |  |  |  |  |
|  | BioManufacturing |  |  | Centers |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 25,728,625 |  |  | $ | 3,338,760 |  |  | $ | 35,708 |  |  | $ | 29,103,093 |
Cost of product revenue |  |  | 22,213,781 |  |  |  | 3,227,265 |  |  |  | - |  |  |  | 25,441,046 |
Loss from operations |  |  | (4,442,684 | ) |  |  | (3,863,094 | ) |  |  | (6,509,288 | ) |  |  | (14,815,066 | )
Interest and other expense, net |  |  | (49,267 | ) |  |  | (729 | ) |  |  | (3,472,854 | ) |  |  | (3,522,850 | )
Loss on extinguishment of debt |  |  | - |  |  |  | - |  |  |  | (6,669,941 | ) |  |  | (6,669,941 | )
Net loss |  |  | (4,491,951 | ) |  |  | (3,863,823 | ) |  |  | (16,652,083 | ) |  |  | (25,007,857 | )
Capital expenditures |  |  | 1,310,379 |  |  |  | 1,531,706 |  |  |  | - |  |  |  | 2,842,085 |
Depreciation and amortization expense |  |  | 1,111,951 |  |  |  | 477,503 |  |  |  | 763 |  |  |  | 1,590,217 |
Total assets |  |  | 214,150,322 |  |  |  | 32,568,911 |  |  |  | 61,313,259 |  |  |  | 308,032,492 |
Net revenues according to geographic area, based on the location of where the product is shipped, is as follows:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
United States |  | $ | 52,694,723 |  |  | $ | 27,316,151 |
International |  |  | 4,218,811 |  |  |  | 1,786,942 |
Total revenues |  | $ | 56,913,534 |  |  | $ | 29,103,093 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration