10-Q Filing

ENVERIC BIOSCIENCES, INC. CIK: 890821 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001079974-16-001485`
Period End Date	20160630
Filing Date	20160812
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	amhi-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 84 Cash Flow Statement 46

Balance Sheet 64 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`	$3.60M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	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
Accounts receivable	`AccountsReceivableNetCurrent`	$4.87M	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`	$4.13M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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`	$481.22K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	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, issued shares	`CommonStockSharesIssued`	13.49M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	11.64M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.22M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.18M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	11.64M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.07K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	13.49M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$129.34K	USD	Point-in-time
Intangible assets - net	`FiniteLivedIntangibleAssetsNet`	$3.11M	USD	Point-in-time
Intangible assets - net	`FiniteLivedIntangibleAssetsNet`	$2.98M	USD	Point-in-time
Acquired goodwill	`Goodwill`	$3.82M	USD	Point-in-time
Acquired goodwill	`Goodwill`	$3.47M	USD	Point-in-time
Total other assets	`OtherAssets`	$6.66M	USD	Point-in-time
Total other assets	`OtherAssets`	$6.92M	USD	Point-in-time
Total Assets	`Assets`	$15.14M	USD	Point-in-time
Total Assets	`Assets`	$13.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.60M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$1.42M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$1.09M	USD	Point-in-time
Consideration payable	`CededPremiumsPayable`	$1.19M	USD	Point-in-time
Consideration payable	`CededPremiumsPayable`	$3.65M	USD	Point-in-time
Short term notes	`ShortTermNonBankLoansAndNotesPayable`	$1.24M	USD	Point-in-time
Short term notes	`ShortTermNonBankLoansAndNotesPayable`	$1.41M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.23M	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`	$500.00K	USD	Point-in-time
Long term acquisition consideration	`LongTermLineOfCredit`	-	USD	Point-in-time
Total long term liabilities	`LongTermDebt`	$5.00M	USD	Point-in-time
Total long term liabilities	`LongTermDebt`	$5.50M	USD	Point-in-time
Total current and long-term liabilities	`Liabilities`	$12.73M	USD	Point-in-time
Total current and long-term liabilities	`Liabilities`	$13.58M	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, 13,485,472 and 11,639,066 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$134.85K	USD	Point-in-time
Common shares, $.01 par value, ; 100,000,000 shares authorized, 13,485,472 and 11,639,066 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$118.74K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$5.70M	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`	$-3.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$258.53K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.14M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$3.93M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$13.70M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$6.69M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$8.22M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$2.95M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$10.93M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$6.11M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.77M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.10M	USD	2 Qtrs
Gross profit	`GrossProfit`	$982.66K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.52M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	-	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$135.33K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$264.46K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$523.44K	USD	2 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$3.60M	USD	2 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$489.72K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-304.92K	USD	1 Quarter
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-239.81K	USD	1 Quarter
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-304.92K	USD	2 Qtrs
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-615.22K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$101.39K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$213.01K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$16.32K	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$2.45M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$802.69K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.69M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$844.68K	USD	2 Qtrs
Operating income (loss):	`OperatingIncomeLoss`	$-936.64K	USD	1 Quarter
Operating income (loss):	`OperatingIncomeLoss`	$179.97K	USD	1 Quarter
Operating income (loss):	`OperatingIncomeLoss`	$-1.92M	USD	2 Qtrs
Operating income (loss):	`OperatingIncomeLoss`	$1.26M	USD	2 Qtrs
Interest expense	`InterestExpense`	$384.26K	USD	2 Qtrs
Interest expense	`InterestExpense`	$25.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$270.51K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.54K	USD	2 Qtrs
Interest income/other income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income/other income	`InterestIncomeExpenseNet`	$253.00	USD	2 Qtrs
Interest income/other income	`InterestIncomeExpenseNet`	$28.00	USD	2 Qtrs
Interest income/other income	`InterestIncomeExpenseNet`	$28.00	USD	1 Quarter
Other expense	`OtherExpenses`	$-2.41K	USD	2 Qtrs
Other expense	`OtherExpenses`	-	USD	2 Qtrs
Other expense	`OtherExpenses`	-	USD	1 Quarter
Other expense	`OtherExpenses`	$-1.86K	USD	1 Quarter
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-1.21M	USD	1 Quarter
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$1.23M	USD	2 Qtrs
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-2.30M	USD	2 Qtrs
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$154.46K	USD	1 Quarter
Tax provision	`IncomeTaxExpenseBenefit`	$43.49K	USD	1 Quarter
Tax provision	`IncomeTaxExpenseBenefit`	$43.49K	USD	2 Qtrs
Tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Tax provision	`IncomeTaxExpenseBenefit`	$-2.02K	USD	1 Quarter
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.81K	USD	1 Quarter
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$65.70K	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-110.97K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.37M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.19M	USD	2 Qtrs
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$-1.21M	USD	1 Quarter
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$110.97K	USD	1 Quarter
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$1.19M	USD	2 Qtrs
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$-2.37M	USD	2 Qtrs
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.19	USD	2 Qtrs
Basic income (loss) per share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$0.10	USD	2 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	$-0.19	USD	2 Qtrs
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	12.85M	shares	1 Quarter
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	11.64M	shares	2 Qtrs
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	12.36M	shares	2 Qtrs
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	11.64M	shares	1 Quarter
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.29M	shares	2 Qtrs
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.36M	shares	2 Qtrs
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.85M	shares	1 Quarter
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.29M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-1.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$110.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.19M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-2.37M	USD	2 Qtrs
Depreciation	`Depreciation`	$213.01K	USD	2 Qtrs
Depreciation	`Depreciation`	$16.39K	USD	2 Qtrs
Stock, option, RSU and warrant expense	`StockOptionPlanExpense`	-	USD	2 Qtrs
Stock, option, RSU and warrant expense	`StockOptionPlanExpense`	$443.70K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-2.95M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$738.51K	USD	2 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$-2.50K	USD	2 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	-	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-137.41K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-86.93K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$946.11K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$422.26K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$295.73K	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$43.42K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.07M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-166.15K	USD	2 Qtrs
Purchase of and intangible and fixed assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$130.39K	USD	2 Qtrs
Purchase of and intangible and fixed assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$989.96K	USD	2 Qtrs
Acquisition consideration payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$99.94K	USD	2 Qtrs
Acquisition consideration payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$3.23M	USD	2 Qtrs
Investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	-	USD	2 Qtrs
Investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-82.91K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.28M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.09M	USD	2 Qtrs
Net proceeds from debt issuance	`ProceedsFromIssuanceOfUnsecuredDebt`	$171.43K	USD	2 Qtrs
Net proceeds from debt issuance	`ProceedsFromIssuanceOfUnsecuredDebt`	$5.00M	USD	2 Qtrs
Additional stock issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$-5.00M	USD	2 Qtrs
Additional stock issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$-159.52K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.17M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.16M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.73M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.00M	USD	2 Qtrs
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`	$3.60M	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`	$4.38M	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`	$3.60M	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`	$4.38M	USD	Point-in-time

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