10-Q Filing

ENVERIC BIOSCIENCES, INC. CIK: 890821 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001079974-16-001197`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	amhi-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 42 Cash Flow Statement 38

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$505.17K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.93M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.87M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	$82.91K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$318.83K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$343.81K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	11.87M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.75M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	11.87M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.18M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	11.87M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	11.87M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$134.91K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.07K	USD	Point-in-time
Intangible assets - net	`FiniteLivedIntangibleAssetsNet`	$3.07M	USD	Point-in-time
Intangible assets - net	`FiniteLivedIntangibleAssetsNet`	$3.11M	USD	Point-in-time
Acquired goodwill	`Goodwill`	$3.47M	USD	Point-in-time
Acquired goodwill	`Goodwill`	$3.67M	USD	Point-in-time
Total other assets	`OtherAssets`	$6.66M	USD	Point-in-time
Total other assets	`OtherAssets`	$6.88M	USD	Point-in-time
Total Assets	`Assets`	$13.83M	USD	Point-in-time
Total Assets	`Assets`	$12.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.60M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$1.09M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$2.24M	USD	Point-in-time
Consideration payable	`CededPremiumsPayable`	$3.65M	USD	Point-in-time
Consideration payable	`CededPremiumsPayable`	$1.63M	USD	Point-in-time
Short term notes	`ShortTermNonBankLoansAndNotesPayable`	$1.24M	USD	Point-in-time
Short term notes	`ShortTermNonBankLoansAndNotesPayable`	$1.48M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.93M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.58M	USD	Point-in-time
Convertible notes	`ConvertibleLongTermNotesPayable`	$5.00M	USD	Point-in-time
Convertible notes	`ConvertibleLongTermNotesPayable`	$5.00M	USD	Point-in-time
Long term acquisition consideration	`LongTermLineOfCredit`	-	USD	Point-in-time
Long term acquisition consideration	`LongTermLineOfCredit`	$500.00K	USD	Point-in-time
Total long term liabilities	`LongTermDebt`	$5.50M	USD	Point-in-time
Total long term liabilities	`LongTermDebt`	$5.00M	USD	Point-in-time
Total current and long-term liabilities	`Liabilities`	$13.58M	USD	Point-in-time
Total current and long-term liabilities	`Liabilities`	$13.43M	USD	Point-in-time
Preferred shares, $.01 par value, 1,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $.01 par value, 1,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common shares, $.01 par value, 100,000,000 shares authorized, 11,874,361 and 11,874,361 issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$118.74K	USD	Point-in-time
Common shares, $.01 par value, 100,000,000 shares authorized, 11,874,361 and 11,874,361 issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$118.74K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.29M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-1.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-2.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-800.06K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$258.53K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.83M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$4.28M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$7.01M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$3.17M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$3.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.15M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$31.35K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$3.61M	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$33.72K	USD	1 Quarter
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-375.40K	USD	1 Quarter
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$111.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.27K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$41.99K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.13M	USD	1 Quarter
Operating income (loss):	`OperatingIncomeLoss`	$1.08M	USD	1 Quarter
Operating income (loss):	`OperatingIncomeLoss`	$-981.32K	USD	1 Quarter
Interest expense	`InterestExpense`	$113.75K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest income/other income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income/other income	`InterestIncomeExpenseNet`	$2.00K	USD	1 Quarter
Other expense	`OtherExpenses`	-	USD	1 Quarter
Other expense	`OtherExpenses`	$-2.30K	USD	1 Quarter
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-1.10M	USD	1 Quarter
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$1.08M	USD	1 Quarter
Tax provision	`IncomeTaxExpenseBenefit`	$2.02K	USD	1 Quarter
Tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-62.89K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.16M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.08M	USD	1 Quarter
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	9.99M	shares	1 Quarter
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	11.87M	shares	1 Quarter
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.99M	shares	1 Quarter
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.87M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Depreciation	`Depreciation`	$111.63K	USD	1 Quarter
Depreciation	`Depreciation`	$8.34K	USD	1 Quarter
Stock, option, RSU and warrant expense	`StockOptionPlanExpense`	$101.68K	USD	1 Quarter
Stock, option, RSU and warrant expense	`StockOptionPlanExpense`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-57.22K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-1.25M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$24.98K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-805.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.13M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-68.12K	USD	1 Quarter
Consideration payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$-1.72M	USD	1 Quarter
Consideration payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$-100.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-331.01K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.57M	USD	1 Quarter
Purchase of and intangible and fixed assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$9.34K	USD	1 Quarter
Purchase of and intangible and fixed assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$131.58K	USD	1 Quarter
Investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-82.91K	USD	1 Quarter
Investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$340.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.67K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-349.34K	USD	1 Quarter
Net proceeds from debt issuance	`ProceedsFromIssuanceOfUnsecuredDebt`	$241.45K	USD	1 Quarter
Net proceeds from debt issuance	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	1 Quarter
Additional stock issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	-	USD	1 Quarter
Additional stock issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$-125.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$241.45K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$125.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.37M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-555.35K	USD	1 Quarter
Cash and cash equivalents as at beginning of the period	`Cash`	$1.88M	USD	Point-in-time
Cash and cash equivalents as at beginning of the period	`Cash`	$825.62K	USD	Point-in-time
Cash and cash equivalents as at beginning of the period	`Cash`	$1.38M	USD	Point-in-time
Cash and cash equivalents as at beginning of the period	`Cash`	$505.17K	USD	Point-in-time
Cash at the end of the period	`Cash`	$1.88M	USD	Point-in-time
Cash at the end of the period	`Cash`	$825.62K	USD	Point-in-time
Cash at the end of the period	`Cash`	$1.38M	USD	Point-in-time
Cash at the end of the period	`Cash`	$505.17K	USD	Point-in-time

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