XML 37 R30.htm IDEA: XBRL DOCUMENT v3.24.3

Warrants (Tables)

9 Months Ended

Sep. 30, 2024

Warrants Issued with Series A Preferred Stock | 2017 Warrants

Warrants

Schedule of Fair Value of Warrants Using the Black Scholes Option Pricing Model

The fair value of warrants issued was estimated using the Black‑Scholes option pricing model with the following assumptions for the 2017 Warrants.

Contractual term (in years)			10.0
Volatility			74.48	%
Risk-free interest rate			3.20	%
Dividend yield			0.00	%

Warrants Issued with Series B Preferred Stock | 2018 Warrants

Warrants

Schedule of Fair Value of Warrants Using the Black Scholes Option Pricing Model

The fair value of the 2018 Warrants was estimated using the Black‑Scholes option pricing model with the following assumptions:

Contractual term (in years)			10.0
Volatility			73.22	%
Risk-free interest rate			2.70	%
Dividend yield			0.00	%

Warrants Issued with Series B Preferred Stock | 2019 Warrants

Warrants

Schedule of Fair Value of Warrants Using the Black Scholes Option Pricing Model

The fair value of the 2019 Warrants was estimated using the Black-Scholes option pricing model with the following assumptions:

Contractual term (in years)			10.0
Volatility			73.22	%
Risk-free interest rate			2.70	%
Dividend yield			0.00	%

Common And Pre-Funded Warrants

Warrants

Schedule of Warrants Outstanding

A summary of the Company’s outstanding pre-funded and common stock warrants as of September 30, 2024 is as follows:

		Equity Classified				Liability Classified				Total
		Warrants				Warrants				Warrants
Outstanding as of January 1, 2024			31,783,652				19,750,000				51,533,652
Warrants granted and issued			2,000,000				—				2,000,000
Warrants exercised			(5,592,680	)			(9,025,000	)			(14,617,680	)
Outstanding as of September 30, 2024			28,190,972				10,725,000				38,915,972

Common Warrants

Warrants

Schedule of Fair Value of Warrants Using the Black Scholes Option Pricing Model

The Common Warrants were remeasured using a Black-Scholes option pricing model with a range of assumptions included below as of September 30, 2024 and December 31, 2023.

		September 30,				December 31,
		2024				2023
Expected term (in years)			2.1				2.4
Volatility			99.92	%			109.46	%
Risk-free interest rate			3.77	%			4.32	%
Dividend yield			0.00	%			0.00	%

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:	us-gaap_ClassOfWarrantOrRightLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_ClassOfWarrantOrRightAxis=aplt_WarrantsIssuedWithSeriesPreferredStockMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=aplt_Warrant2017Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ClassOfWarrantOrRightAxis=aplt_WarrantsIssuedWithSeriesBPreferredStockMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=aplt_Warrant2018Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=aplt_Warrant2019Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ClassOfWarrantOrRightAxis=aplt_PreFundedAndCommonWarrantsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ClassOfWarrantOrRightAxis=aplt_CommonWarrantsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: