XML 50 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1

Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Stock Option Activity

A summary of stock option activity is as follows:

 Schedule of Stock Option Activity

		Outstanding stock options
		Number of shares				Weighted average exercise price
Balance at December 31, 2020			3,564,458			$	3.36
Options granted			1,105,500				1.23
Options exercised			(4,584	)			1.46
Options forfeited			-				-
Options cancelled			(114,169	)			4.51
Balance at December 31, 2021			4,551,205				2.82
Options exercisable at December 31, 2021			2,799,979				3.84

Schedule of Share-based Compensation of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at December 31, 2021:

Schedule of Share-based Compensation of Stock Options Outstanding and Exercisable 

Options outstanding														Options exercisable
Number outstanding		Weighted average remaining contractual life (Years)				Weighted average exercise price				Aggregate intrinsic value				Number exerciseable				Weighted average remaining contractual life (Years)				Weighted average exercise price				Aggregate intrinsic value
4,551,205			6.66			$	2.82			$	315,330				2,799,979				5.01			$	3.84			$	201,966

Warrants outstanding
Number exercisable		Weighted average remaining contractual life (Years)				Weighted average exercise price				Aggregate intrinsic value
1,934,366			3.00			$	0.51			$	922,629

Schedule of Fair Value of Warrants

 Schedule of Fair Value of Warrants

		December 31, 2021				December 31, 2020				December 31, 2019				November 18, 2019
Expected life in years			2.88				3.88				4.88				5.00
Risk-free interest rate			0.97	%			0.27	%			1.69	%			1.63	%
Dividend yield			—				—				—				—
Volatility			100.00	%			100.00	%			225.93	%			224.47	%
Stock price		$	0.99			$	1.36			$	0.39			$	0.41

Schedule of Reconciliation of Warrant Liability

 Schedule of Reconciliation of Warrant Liability

		Warrant Liability
Balance at December 31, 2020		$	1,170,051
Settlement of liabilty on warrant exercise			(18,365	)
Change in fair value of common stock warrants			(355,890	)
Balance at December 31, 2021		$	795,796

Schedule of Number of Warrants Outstanding and the Weighted Average Exercise Price

The following table summarizes the number of common stock warrants outstanding and the weighted average exercise price:

 Schedule of Number of Warrants Outstanding and the Weighted Average Exercise Price

		Warrants				Weighted Average Exercise Price
Outstanding at December 31, 2020			1,944,366			$	0.51
Issued			-				-
Exercised			(10,000	)			0.50
Expired			-				-
Cancelled			-				-
Forfeited			-				-
Balance at December 31, 2021			1,934,366			$	0.51

X

- Definition

Schedule of Fair Value Of Warrants [Table Text Block]

+ References

No definition available.

+ Details

Name:	lpcn_ScheduleOfFairValueOfWarrantsTableTextBlock
Namespace Prefix:	lpcn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Reconciliation of Warrant Liability [Table Text Block]

+ References

No definition available.

+ Details

Name:	lpcn_ScheduleOfReconciliationOfWarrantLiabilityTableTextBlock
Namespace Prefix:	lpcn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of the change in stock options.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

+ Details

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

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for exercisable or convertible options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

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