10-Q Filing

ENVERIC BIOSCIENCES, INC. CIK: 890821 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001079974-16-001683`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	amhi-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 84 Cash Flow Statement 52

Balance Sheet 69 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
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
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.91M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.72M	USD	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	$82.91K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	-	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$629.64K	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, issued shares	`CommonStockSharesIssued`	11.64M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.18M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.27M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	13.49M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	13.49M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$115.36K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.07K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	11.64M	shares	Point-in-time
Intangible assets - net	`FiniteLivedIntangibleAssetsNet`	$3.11M	USD	Point-in-time
Intangible assets - net	`FiniteLivedIntangibleAssetsNet`	$9.36M	USD	Point-in-time
Acquired goodwill	`Goodwill`	$17.38M	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`	$26.85M	USD	Point-in-time
Total Assets	`Assets`	$38.12M	USD	Point-in-time
Total Assets	`Assets`	$13.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.91M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$1.35M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$1.09M	USD	Point-in-time
Consideration payable	`CededPremiumsPayable`	$3.65M	USD	Point-in-time
Consideration payable	`CededPremiumsPayable`	$3.23M	USD	Point-in-time
Short term notes	`ShortTermNonBankLoansAndNotesPayable`	$4.14M	USD	Point-in-time
Short term notes	`ShortTermNonBankLoansAndNotesPayable`	$1.24M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.58M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$13.61M	USD	Point-in-time
Convertible notes	`ConvertibleLongTermNotesPayable`	$5.00M	USD	Point-in-time
Convertible notes	`ConvertibleLongTermNotesPayable`	$5.00M	USD	Point-in-time
Long-term notes	`LongTermDebt`	$1.57M	USD	Point-in-time
Long term consideration payable	`LongTermLineOfCredit`	-	USD	Point-in-time
Long term consideration payable	`LongTermLineOfCredit`	$13.19M	USD	Point-in-time
Total long term liabilities	`TotalLongTermLiabilities`	$19.75M	USD	Point-in-time
Total long term liabilities	`TotalLongTermLiabilities`	$5.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.37M	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, 13,885,972 and 11,639,066 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$138.86K	USD	Point-in-time
Common shares, $.01 par value, ; 100,000,000 shares authorized, 13,885,972 and 11,639,066 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$118.74K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$10.04M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.19M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-287.72K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-1.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-5.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$258.53K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$38.12M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$12.68M	USD	3 Qtrs
Net revenue	`SalesRevenueNet`	$10.06M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$4.46M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$23.76M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$3.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$8.36M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$19.29M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$9.14M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.54M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.47M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.44M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$137.02K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$401.49K	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	-	USD	3 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$1.33M	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$1.50M	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$4.92M	USD	3 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$2.02M	USD	3 Qtrs
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-1.63M	USD	3 Qtrs
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-553.84K	USD	3 Qtrs
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-1.02M	USD	1 Quarter
Nonrecurring expenditures	`PaymentsForMergerRelatedCosts`	$-248.91K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.69K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$722.39K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$509.38K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.99M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.60M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$1.76M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$7.68M	USD	3 Qtrs
Operating income (loss):	`OperatingIncomeLoss`	$940.89K	USD	3 Qtrs
Operating income (loss):	`OperatingIncomeLoss`	$-1.29M	USD	1 Quarter
Operating income (loss):	`OperatingIncomeLoss`	$-315.76K	USD	1 Quarter
Operating income (loss):	`OperatingIncomeLoss`	$-3.21M	USD	3 Qtrs
Interest expense	`InterestExpense`	$62.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$87.66K	USD	3 Qtrs
Interest expense	`InterestExpense`	$290.42K	USD	1 Quarter
Interest expense	`InterestExpense`	$674.68K	USD	3 Qtrs
Interest income/other income	`InterestIncomeExpenseNet`	$2.21K	USD	1 Quarter
Interest income/other income	`InterestIncomeExpenseNet`	$82.00	USD	3 Qtrs
Interest income/other income	`InterestIncomeExpenseNet`	$54.00	USD	1 Quarter
Interest income/other income	`InterestIncomeExpenseNet`	$44.00	USD	3 Qtrs
Other expense	`OtherExpenses`	-	USD	1 Quarter
Other expense	`OtherExpenses`	-	USD	3 Qtrs
Other expense	`OtherExpenses`	$-197.72K	USD	3 Qtrs
Other expense	`OtherExpenses`	$-197.72K	USD	1 Quarter
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$853.32K	USD	3 Qtrs
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-4.08M	USD	3 Qtrs
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-377.82K	USD	1 Quarter
Income before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-1.78M	USD	1 Quarter
Tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Tax provision	`IncomeTaxExpenseBenefit`	$-84.97K	USD	3 Qtrs
Tax provision	`IncomeTaxExpenseBenefit`	$-128.46K	USD	1 Quarter
Tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-89.82K	USD	3 Qtrs
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.62K	USD	3 Qtrs
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-59.08K	USD	1 Quarter
Foreign exchange translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-89.82K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.72M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.09M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$159.55K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.03M	USD	3 Qtrs
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$1.03M	USD	3 Qtrs
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$-4.09M	USD	3 Qtrs
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$-159.55K	USD	1 Quarter
Net and comprehensive income (loss) for the period	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.32	USD	3 Qtrs
Basic income (loss) per share	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic income (loss) per share	`EarningsPerShareBasic`	$0.10	USD	3 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	$-0.32	USD	3 Qtrs
Diluted income (loss) per share	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted income (loss) per share	`EarningsPerShareDiluted`	$0.10	USD	3 Qtrs
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	13.65M	shares	1 Quarter
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	9.99M	shares	1 Quarter
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	9.99M	shares	3 Qtrs
Basic weighted average number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	12.79M	shares	3 Qtrs
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.65M	shares	1 Quarter
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.99M	shares	1 Quarter
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.79M	shares	3 Qtrs
Diluted weighted average number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.99M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.03M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-4.09M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-159.55K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Depreciation	`Depreciation`	$722.39K	USD	3 Qtrs
Depreciation	`Depreciation`	$25.69K	USD	3 Qtrs
Stock, option, restricted stock unit and warrant expense	`StockOptionPlanExpense`	$945.96K	USD	3 Qtrs
Stock, option, restricted stock unit and warrant expense	`StockOptionPlanExpense`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-2.85M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-7.22M	USD	3 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	$-16.84K	USD	3 Qtrs
Security deposits	`IncreaseDecreaseInSecurityDeposits`	-	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-278.51K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-285.83K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.56M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$555.78K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$1.67M	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-84.97K	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.32M	USD	3 Qtrs
Purchase of and intangible and fixed assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$-3.26M	USD	3 Qtrs
Purchase of and intangible and fixed assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$3.13M	USD	3 Qtrs
Goodwill	`GoodwillImpairmentLoss`	$-3.47M	USD	3 Qtrs
Goodwill	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Acquisition consideration payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$8.78M	USD	3 Qtrs
Acquisition consideration payable	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$-9.20M	USD	3 Qtrs
Investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	-	USD	3 Qtrs
Investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-82.91K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.43M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.60M	USD	3 Qtrs
Net proceeds from debt issuance	`ProceedsFromIssuanceOfUnsecuredDebt`	$5.00M	USD	3 Qtrs
Net proceeds from debt issuance	`ProceedsFromIssuanceOfUnsecuredDebt`	$2.50M	USD	3 Qtrs
Net proceeds from term loan	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	-	USD	3 Qtrs
Net proceeds from term loan	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$1.97M	USD	3 Qtrs
Increase in line of credit	`ProceedsFromLinesOfCredit`	$250.00K	USD	3 Qtrs
Increase in line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Additional stock issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$-5.00M	USD	3 Qtrs
Additional stock issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$-159.52K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.47M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.41M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.69M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.04M	USD	3 Qtrs
Cash and cash equivalents as at beginning of the period	`Cash`	$5.07M	USD	Point-in-time
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`	$1.38M	USD	Point-in-time
Cash and cash equivalents as at beginning of the period	`Cash`	$2.91M	USD	Point-in-time
Cash at the end of the period	`Cash`	$5.07M	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`	$1.38M	USD	Point-in-time
Cash at the end of the period	`Cash`	$2.91M	USD	Point-in-time

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