XML 67 R53.htm IDEA: XBRL DOCUMENT
v3.23.1

Revenue Interest Financing Payable - Terms (Details) $ in Thousands |  |  | 3 Months Ended
--- | --- | --- | ---
Jan. 27, 2023 USD ($) | Jan. 09, 2023 USD ($) D | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($)
Revenue Interest Financing Payable |  |  |  |
Amount of debt repaid with initial investment from RIFA |  |  | $ 2,190 | $ 0
Issuance costs |  |  | 836 |
Minimum |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, percentage of royalty payment on annual net revenue |  | 3.60 |  |
RIFA, minimum payment to be made, percentage |  | 1.44 |  |
RIFA, Hard Cap percentage |  | 0.36 |  |
Maximum |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, percentage of royalty payment on annual net revenue |  | 10.00 |  |
RIFA, minimum payment to be made, percentage |  | 4.00 |  |
RIFA, Hard Cap percentage |  | 1.00 |  |
On First Two Hundred and Fifty Million Annual Revenue |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, annual net revenue, threshold |  | $ 250,000 |  |
On Second Two Hundred and Fifty Million Annual Revenue |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, annual net revenue, threshold |  | 250,000 |  |
In Excess of Five Hundred Million Annual Revenue |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, annual net revenue, threshold |  | $ 500,000 |  |
Funding Amount by December 31, 2026 |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, minimum payment to be made, percentage |  | 60 |  |
Revenue Interest Financing Agreement. |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, maximum investment amount |  | $ 100,000 |  |
RIFA, initial investment amount | $ 32,500 |  |  |
Revenue Interest Financing Agreement, Additional Investment Amount to Obtain Acquisition of Rights |  | $ 7,500 |  |
Minimum Number of Days For Grant of Additional Investment Amount to Obtain Acquisition of Rights | D |  | 15 |  |
RIFA, additional investment amount |  | $ 35,000 |  |
Minimum number of days for grant of additional investment amount | D |  | 15 |  |
RIFA, remaining investment amount |  | $ 25,000 |  |
Minimum number of days for grant of remaining investment amount | D |  | 15 |  |
RIFA, Hard Cap percentage |  | 175 |  |
Percentage of investment amount to be repaid on final approval |  | 100 |  |
Percentage of investment amount to be paid |  | 100 |  |
RIFA, internal rate of return |  | 18.00% |  |
Minimum cash and cash equivalents required to be maintained during year two |  | $ 7,500 |  |
Minimum cash and cash equivalents required to be maintained after year two |  | $ 15,000 |  |
Issuance costs |  |  | $ 800 |
Effective annual interest rate |  |  | 17.00% |
Revenue Interest Financing Agreement. | Funding Amount by December 31, 2026 |  |  |  |
Revenue Interest Financing Payable |  |  |  |
RIFA, minimum payment to be made, percentage |  | 100 |  |
Revenue Interest Financing Agreement. | A&R Silicon Valley Bank Term Loan |  |  |  |
Revenue Interest Financing Payable |  |  |  |
Amount of debt repaid with initial investment from RIFA | $ 22,200 |  |  |

X
- Definition The amount of cash and cash equivalents to be maintained after year two. + References No definition available. + Details
Name: | lqda_MinimumCashAndCashEquivalentsRequiredToBeMaintainedAfterYearTwo
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of cash and cash equivalents to be maintained during year two. + References No definition available. + Details
Name: | lqda_MinimumCashAndCashEquivalentsRequiredToBeMaintainedDuringYearTwo
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Minimum number of days for grant of additional investment amount. + References No definition available. + Details
Name: | lqda_MinimumNumberOfDaysForGrantOfAdditionalInvestmentAmount
Namespace Prefix: | lqda_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Minimum number of days for grant of additional investment amount to obtain acquisition of rights. + References No definition available. + Details
Name: | lqda_MinimumNumberOfDaysForGrantOfAdditionalInvestmentAmountToObtainAcquisitionOfRights
Namespace Prefix: | lqda_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Minimum number of days for grant of fourth investment amount. + References No definition available. + Details
Name: | lqda_MinimumNumberOfDaysForGrantOfFourthInvestmentAmount
Namespace Prefix: | lqda_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of investment amount to be paid when payment has not been made in full on approval from FDA. + References No definition available. + Details
Name: | lqda_PercentageOfInvestmentAmountToBePaid
Namespace Prefix: | lqda_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of investment amount to be repaid under the agreement on receiving approval from food and drug administration. + References No definition available. + Details
Name: | lqda_PercentageOfInvestmentAmountToBeRepaidOnFinalApproval
Namespace Prefix: | lqda_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition The additional investment amount to be received under the revenue interest financing agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementAdditionalInvestmentAmount
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The additional investment amount to be received under the revenue interest financing agreement to obtain acquisition of rights. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementAdditionalInvestmentAmountToObtainAcquisitionOfRights
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The annual net revenue threshold used in calculation of payments under the revenue interest financing agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementAnnualNetRevenueThreshold
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The effective annual interest rate under revenue interest financing agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementEffectiveAnnualInterestRate
Namespace Prefix: | lqda_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The hard cap expressed as percentage to terminate the interest revenue payment agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementHardCapPercentage
Namespace Prefix: | lqda_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition The initial investment amount received under the revenue interest financing agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementInitialInvestmentAmount
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Internal rate of return on investment amount. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementInternalRateOfReturn
Namespace Prefix: | lqda_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Issuance costs related to the revenue interest financing agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementIssuanceCosts
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The investment amount received upfront under the revenue interest financing agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementMaximumInvestmentAmount
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of minimum payments to be made as expressed in percentage of investment amount. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementMinimumPaymentToBeMadePercentage
Namespace Prefix: | lqda_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Royalty payments agreed to be paid as a percentage of annual net revenue. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementPercentageOfRoyaltyPaymentOnAnnualNetRevenue
Namespace Prefix: | lqda_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition The remaining investment amount to be received under the revenue interest financing agreement. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingAgreementRemainingInvestmentAmount
Namespace Prefix: | lqda_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | lqda_RevenueInterestFinancingPayableLineItems
Namespace Prefix: | lqda_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=lqda_OnFirstTwoHundredAndFiftyMillionAnnualRevenueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=lqda_OnSecondTwoHundredAndFiftyMillionAnnualRevenueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=lqda_InExcessOfFiveHundredMillionAnnualRevenueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=lqda_FundingAmountByDecember312026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=lqda_RevenueInterestFinancingAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=lqda_ArSiliconValleyBankTermLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |