10-Q Filing

NEXGEL, INC. CIK: 1468929 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-007578`
Period End Date	20190930
Filing Date	20200128
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	topp-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 44 Cash Flow Statement 42 Stockholders Equity 34

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$88.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$134.00K	USD	Point-in-time
Inventory, net	`InventoryNet`	$113.00K	USD	Point-in-time
Inventory, net	`InventoryNet`	$101.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$226.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.27M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.27M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$361.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$361.00K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	8.27M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	8.27M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$147.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$200.00K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$943.00K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$178.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$178.00K	USD	Point-in-time
Total assets	`Assets`	$1.63M	USD	Point-in-time
Total assets	`Assets`	$739.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$479.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$19.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$250.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$207.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$705.00K	USD	Point-in-time
Long-term operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$736.00K	USD	Point-in-time
Long-term operating lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$51.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$458.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.44M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Parent's net investment	`ParentsNetInvestmentInEntity`	-	USD	Point-in-time
Parent's net investment	`ParentsNetInvestmentInEntity`	$281.00K	USD	Point-in-time
Preferred Stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share, 100,000,000 shares authorized; 8.274,711 shares issued and outstanding as of September 30, 2019	`CommonStockValue`	$8.00K	USD	Point-in-time
Common Stock, par value $0.001 per share, 100,000,000 shares authorized; 8.274,711 shares issued and outstanding as of September 30, 2019	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$74.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$625.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$188.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$281.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$225.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$720.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-59.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$819.00K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$739.00K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.63M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerIncludingAssessedTax`	$348.00K	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerIncludingAssessedTax`	$541.00K	USD	3 Qtrs
Revenues, net	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.75M	USD	3 Qtrs
Revenues, net	`RevenueFromContractWithCustomerIncludingAssessedTax`	$287.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$358.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.33M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$213.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$641.00K	USD	3 Qtrs
Gross (loss)/profit	`GrossProfit`	$-100.00K	USD	3 Qtrs
Gross (loss)/profit	`GrossProfit`	$424.00K	USD	3 Qtrs
Gross (loss)/profit	`GrossProfit`	$-10.00K	USD	1 Quarter
Gross (loss)/profit	`GrossProfit`	$74.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.65M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$744.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.51M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.65M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.51M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$744.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$74.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-754.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-288.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-369.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.61M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-612.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.23M	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.25	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.31	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.31	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.25	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Weighted average shares used in computing net income (loss) per common share - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.01M	shares	1 Quarter
Weighted average shares used in computing net income (loss) per common share - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Weighted average shares used in computing net income (loss) per common share - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.01M	shares	3 Qtrs
Weighted average shares used in computing net income (loss) per common share - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.26M	shares	3 Qtrs
Weighted average shares used in computing net income (loss) per common share - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.26M	shares	3 Qtrs
Weighted average shares used in computing net income (loss) per common share - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.01M	shares	3 Qtrs
Weighted average shares used in computing net income (loss) per common share - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.01M	shares	1 Quarter
Weighted average shares used in computing net income (loss) per common share - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.23M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$88.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$243.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$53.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$3.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$100.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$366.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$12.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$88.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-200.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$366.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$406.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$322.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-282.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-411.00K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.81M	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.43M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$170.00K	USD	3 Qtrs
Issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net contributions from Former Parent	`ProceedsFromContributionsFromFormerParent`	$1.81M	USD	3 Qtrs
Net contributions from Former Parent	`ProceedsFromContributionsFromFormerParent`	$1.34M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.51M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.81M	USD	3 Qtrs
Net Increase in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$88.00K	USD	3 Qtrs
Net Increase in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.00K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.00K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$625.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$188.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$281.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$225.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$720.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$-59.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$819.00K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-754.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$74.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-288.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-612.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.61M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-369.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.23M	USD	3 Qtrs
Net contributions from Former Parent	`NetContributionsFromFormerParent`	$789.00K	USD	1 Quarter
Net contributions from Former Parent	`NetContributionsFromFormerParent`	$563.00K	USD	1 Quarter
Net contributions from Former Parent	`NetContributionsFromFormerParent`	$1.06M	USD	1 Quarter
Net contributions from Former Parent	`NetContributionsFromFormerParent`	$189.00K	USD	1 Quarter
Net contributions from Former Parent	`NetContributionsFromFormerParent`	$556.00K	USD	1 Quarter
Reclassification of net parent investment in connection with spin-off, June 21, 2019	`AdjustmentToAdditionalPaidInCapitalReclassificationOfNetParentInvestmentInConnectionWithSpinOff`	-	USD	1 Quarter
Common stock distributed in connection with spinoff, June 21, 2019	`AdjustmentToAdditionalPaidInCapitalCommonStockDistributedInConnectionWithSpinoff`	-	USD	1 Quarter
Common stock distributed in connection with spinoff, June 21, 2019 (in Shares)	`ShareDistributionMadeToParentCompany`	5.01M	shares	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$170.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$-59.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$625.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$188.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$281.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$225.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$720.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$819.00K	USD	Point-in-time

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