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Note 1 - Organization
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
NOTE
1.
ORGANIZATION
  
NovaBay Pharmaceuticals, Inc. is a biopharmaceutical company focusing on commercializing and developing its non-antibiotic anti-infective products to address the unmet therapeutic needs of the global, topical anti-infective market with its
two
distinct product categories: the NEUTROX
®
family of products and the AGANOCIDE
®
compounds. The Neutrox family of products includes AVENOVA
®
for the eye care market, NEUTROPHASE
®
for wound care market, and CELLERX
®
for the aesthetic dermatology market. The Aganocide compounds, still under development, have target applications in the dermatology and urology markets.
 
The Company was incorporated under the laws of the State of California on
January 
19,
2000,
as NovaCal Pharmaceuticals, Inc. It had
no
operations until
July 
1,
2002,
on which date it acquired all of the operating assets of NovaCal Pharmaceuticals, LLC, a California limited liability company. In
February 2007,
it changed its name from NovaCal Pharmaceuticals, Inc. to NovaBay Pharmaceuticals, Inc. In
June 2010,
the Company changed the state in which it is incorporated (the “Reincorporation”) and is now incorporated under the laws of the State of Delaware. All references to “the Company” herein refer to the California corporation prior to the date of the Reincorporation and to the Delaware corporation on and after the date of the Reincorporation. The Company has minimized research and development and is now focused primarily on commercializing prescription Avenova for the domestic eyecare market.  
 
Effective
December 18, 2015,
the Company effected a
1
-for-
25
reverse split of its outstanding common stock (the “Reverse Stock Split”) (See Note
11
). The accompanying financial statements and related notes give retroactive effect to the Reverse Stock Split.
  
Liquidity
 
Based primarily on the funds available at
June 30, 2018,
the Company believes these resources will be sufficient to fund its operations into
April 2019.
The Company has sustained operating losses for the majority of its corporate history and expects that its
2018
expenses will exceed its
2018
revenues, as the Company continues to re-invest in its Avenova commercialization efforts. The Company expects to continue incurring operating losses and negative cash flows until revenues reach a level sufficient to support ongoing growth and operations. Accordingly, the Company’s planned operations raise substantial doubt about its ability to continue as a going concern. The Company’s liquidity needs will be largely determined by the success of operations in regard to the commercialization of Avenova. The Company also
may
consider other plans to fund operations including: (
1
) out-licensing rights to certain of its products or product candidates, pursuant to which the Company would receive cash milestones or an upfront fee; (
2
) raising additional capital through debt and equity financings or from other sources; (
3
) reducing spending on
one
or more of its sales and marketing programs; and/or (
4
) restructuring operations to change its overhead structure. The Company
may
issue securities, including common stock and warrants through private placement transactions or registered public offerings, which would require the filing of a Form S-
1
or Form S-
3
registration statement with the Securities and Exchange Commission (“SEC”). An extended delay or cessation of the Company’s continuing product development efforts will have a material adverse effect on the Company’s financial condition and results of operations. In the absence of the Company’s completion of
one
or more of such transactions, there will be substantial doubt about the Company’s ability to continue as a going concern within
one
year after the date these financial statements are issued, and the Company will be required to scale back or terminate operations and/or seek protection under applicable bankruptcy laws. The accompanying financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The consolidated financial statements do
not
include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts of liabilities that
may
result from uncertainty related to its ability to continue as a going concern.