10-Q Filing

RIOT PLATFORMS, INC. CIK: 1167419 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001079973-17-000290`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	biop-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 66

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$7.51M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$219.99K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$155.76K	USD	Point-in-time
Current assets of discontinued operations (Note 2)	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$200.17K	USD	Point-in-time
Current assets of discontinued operations (Note 2)	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$486.89K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.74M	USD	Point-in-time
Property and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$5.54K	USD	Point-in-time
Property and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$5.06K	USD	Point-in-time
Other long term assets, net (Note 4)	`OtherAssetsNoncurrent`	$938.04K	USD	Point-in-time
Other long term assets, net (Note 4)	`OtherAssetsNoncurrent`	$932.29K	USD	Point-in-time
Noncurrent assets of discontinued operations (Note 2)	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$2.35M	USD	Point-in-time
Noncurrent assets of discontinued operations (Note 2)	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$47.00K	USD	Point-in-time
Total assets	`Assets`	$13.32M	USD	Point-in-time
Total assets	`Assets`	$17.04M	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$269.77K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$253.82K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.41M	shares	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.52K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$22.50K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.50M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$304.68K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$77.56K	USD	Point-in-time
Notes and other obligations, current portion (Note 5)	`NotesPayableCurrent`	$56.16K	USD	Point-in-time
Notes and other obligations, current portion (Note 5)	`NotesPayableCurrent`	$139.61K	USD	Point-in-time
Deferred revenue, current portion (Note 8)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Deferred revenue, current portion (Note 8)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Current liabilities of discontinued operations (Note 2)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$258.82K	USD	Point-in-time
Current liabilities of discontinued operations (Note 2)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$348.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$871.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
Private placement notes held in escrow - representing 2% Convertible Notes Payable amounting to$4,750,000 and 1,900,000 warrants, all net of $4,750,000 of proceeds held in escrow (Note 6)	`PrivatePlacementUnitsHeldInEscrow`	-	USD	Point-in-time
Private placement notes held in escrow - representing 2% Convertible Notes Payable amounting to$4,750,000 and 1,900,000 warrants, all net of $4,750,000 of proceeds held in escrow (Note 6)	`PrivatePlacementUnitsHeldInEscrow`	-	USD	Point-in-time
Accrued interest (Note 6)	`AccruedInterestNoncurrent`	-	USD	Point-in-time
Accrued interest (Note 6)	`AccruedInterestNoncurrent`	$3.90K	USD	Point-in-time
Deferred revenue, less current portion (Note 8)	`DeferredRevenueNoncurrent`	$1.04M	USD	Point-in-time
Deferred revenue, less current portion (Note 8)	`DeferredRevenueNoncurrent`	$1.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.12M	USD	Point-in-time
Commitments and contingencies (Notes 6, 8 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 6, 8 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; shares issued 5,410,013 (2017) and 4,503,971 (2016) and shares outstanding 5,410,013, including 500,000 common shares in escrow (2017) and shares outstanding 4,503,971 (2016)	`CommonStocksIncludingAdditionalPaidInCapital`	$125.61M	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; shares issued 5,410,013 (2017) and 4,503,971 (2016) and shares outstanding 5,410,013, including 500,000 common shares in escrow (2017) and shares outstanding 4,503,971 (2016)	`CommonStocksIncludingAdditionalPaidInCapital`	$124.78M	USD	Point-in-time
Private placement units held in escrow - representing 500,000 common shares and 500,000 warrants, all net of $1,250,000 of proceeds held in escrow	`EquityPortionOfPrivatePlacementUnitsHeldInEscrow`	-	USD	Point-in-time
Private placement units held in escrow - representing 500,000 common shares and 500,000 warrants, all net of $1,250,000 of proceeds held in escrow	`EquityPortionOfPrivatePlacementUnitsHeldInEscrow`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-114.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-109.86M	USD	Point-in-time
Total equity	`StockholdersEquity`	$11.41M	USD	Point-in-time
Total equity	`StockholdersEquity`	$14.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.32M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Other revenue - fee (Note 8)	`LicensesRevenue`	$24.18K	USD	1 Quarter
Other revenue - fee (Note 8)	`LicensesRevenue`	$24.18K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.03M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.03M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$372.59K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.69K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.40M	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-1.38M	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-1.03M	USD	1 Quarter
Gain on sale of property and equipment (Note 3)	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of property and equipment (Note 3)	`GainLossOnSaleOfPropertyPlantEquipment`	$1.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.83K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.60K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$44.28K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$26.22K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$21.39K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.94M	USD	1 Quarter
(Loss) income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$559.51K	USD	1 Quarter
(Loss) income from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.01M	USD	1 Quarter
Loss from operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
Loss from operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-642.64K	USD	1 Quarter
Impairment loss	`ImpairmentLossFromDiscontinuedOperation`	$2.70M	USD	1 Quarter
Impairment loss	`ImpairmentLossFromDiscontinuedOperation`	-	USD	1 Quarter
Total loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Total loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-3.35M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$559.51K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.35M	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.22	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.14	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.73	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net (Loss) Income	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
Net (Loss) Income	`EarningsPerShareBasicAndDiluted`	$-0.95	USD	1 Quarter
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.88M	shares	1 Quarter
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.60M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Payment of offering expenses	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Payment of offering expenses	`PaymentsOfStockIssuanceCosts`	$294.03K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.35M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$559.51K	USD	1 Quarter
(Loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	1 Quarter
(Loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-3.35M	USD	1 Quarter
(Loss) income from continuing operations	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$-559.51K	USD	1 Quarter
(Loss) income from continuing operations	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$1.01M	USD	1 Quarter
Stock-based compensation for services	`ShareBasedCompensation`	$47.88K	USD	1 Quarter
Stock-based compensation for services	`ShareBasedCompensation`	$133.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.13K	USD	1 Quarter
Amortization of license fees	`RecognitionOfDeferredRevenue`	$24.18K	USD	1 Quarter
Amortization of license fees	`RecognitionOfDeferredRevenue`	$24.18K	USD	1 Quarter
Other non-cash charges	`OtherNoncashExpense`	$1.50K	USD	1 Quarter
Other non-cash charges	`OtherNoncashExpense`	$133.90K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$1.92M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.73K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-69.16K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-380.01K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.95K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-437.32K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$20.98K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-223.21K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$28.06K	USD	1 Quarter
Net cash (used in) operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.90M	USD	1 Quarter
Net cash (used in) operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.00M	USD	1 Quarter
Net cash (used in) operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-662.00K	USD	1 Quarter
Net cash (used in) operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.66M	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.90M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$7.54M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Proceeds from sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$7.51M	USD	1 Quarter
Proceeds from sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$9.65M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.75M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$11.91K	USD	1 Quarter
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$10.78K	USD	1 Quarter
Net cash provided by investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$3.85M	USD	1 Quarter
Net cash provided by investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.49M	USD	1 Quarter
Net cash (used in) investing activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-1.78K	USD	1 Quarter
Net cash (used in) investing activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.85M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.49M	USD	1 Quarter
Net proceeds from issuance of common stock, net of $294,026 in offering expenses	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net proceeds from issuance of common stock, net of $294,026 in offering expenses	`ProceedsFromIssuanceOfCommonStock`	$705.97K	USD	1 Quarter
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$116.93K	USD	1 Quarter
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$83.45K	USD	1 Quarter
Net cash provided by (used in) financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-116.93K	USD	1 Quarter
Net cash provided by (used in) financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$622.52K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.45M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.83M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$31.14K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$1.26K	USD	1 Quarter
Liability payoffs upon property sale	`LiabilityPayoffsUponPropertySale`	-	USD	1 Quarter
Liability payoffs upon property sale	`LiabilityPayoffsUponPropertySale`	$2.06M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.