10-Q Filing

GUIDED THERAPEUTICS INC CIK: 924515 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001121781-19-000058`
Period End Date	20190331
Filing Date	20190711
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	gthp-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 42 Cash Flow Statement 56

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance	`AccountsAndNotesReceivableNet`	$157.00K	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsAndNotesReceivableNet`	$157.00K	USD	Point-in-time
Inventory, net of reserves	`InventoryFinishedGoodsNetOfReserves`	$767.00K	USD	Point-in-time
Inventory, net of reserves	`InventoryFinishedGoodsNetOfReserves`	$767.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $157 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNet`	$13.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $157 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNet`	$13.00K	USD	Point-in-time
Inventory, net of reserves of $767, at March 31, 2019 and December 31, 2018, respectively	`InventoryNet`	$112.00K	USD	Point-in-time
Inventory, net of reserves of $767, at March 31, 2019 and December 31, 2018, respectively	`InventoryNet`	$114.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$69.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$36.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$167.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$196.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.00K	USD	Point-in-time
Lease asset-right	`OperatingLeaseRightOfUseAsset`	$202.00K	USD	Point-in-time
Lease asset-right	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$237.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00M	shares	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$40.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	3,319.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$236.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$404.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	2,669.00	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2,669.00	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	3,319.00	shares	Point-in-time
Note payable in default, including related parties	`NotePayableInDefault`	$706.00K	USD	Point-in-time
Note payable in default, including related parties	`NotePayableInDefault`	$700.00K	USD	Point-in-time
Short-term notes payable, including related parties	`ShorttermNotesPayable`	$1.12M	USD	Point-in-time
Short-term notes payable, including related parties	`ShorttermNotesPayable`	$899.00K	USD	Point-in-time
Convertible note - in default	`ConvertibleNotesPayableCurrent`	$2.81M	USD	Point-in-time
Convertible note - in default	`ConvertibleNotesPayableCurrent`	$2.78M	USD	Point-in-time
Convertible notes payable, net	`NotesAndLoansPayableCurrent`	$380.00K	USD	Point-in-time
Convertible notes payable, net	`NotesAndLoansPayableCurrent`	$445.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.40M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$105.00K	USD	Point-in-time
Customer deposits	`Deposits`	$100.00K	USD	Point-in-time
Customer deposits	`Deposits`	$66.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.99M	USD	Point-in-time
Warrants, at fair value	`WarrantsNotSettleableInCashFairValueDisclosure`	$4.32M	USD	Point-in-time
Warrants, at fair value	`WarrantsNotSettleableInCashFairValueDisclosure`	$4.73M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$97.00K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term debt-related parties	`DueToRelatedPartiesNoncurrent`	$308.00K	USD	Point-in-time
Long-term debt-related parties	`DueToRelatedPartiesNoncurrent`	$340.00K	USD	Point-in-time
Total long-term debt	`LiabilitiesNoncurrent`	$4.72M	USD	Point-in-time
Total long-term debt	`LiabilitiesNoncurrent`	$5.07M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$16.41M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$16.06M	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 Par value; 3,000,000 shares authorized, 3,319 and 2,669 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$2.88M	USD	Point-in-time
Common stock, $.001 Par value; 3,000,000 shares authorized, 3,319 and 2,669 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$3.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$118.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$117.78M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$132.00K	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$132.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-137.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-137.86M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-15.82M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-16.01M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$404.00K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$236.00K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales - devices and disposables	`Revenues`	$4.00K	USD	1 Quarter
Sales - devices and disposables	`Revenues`	$18.00K	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$3.00K	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$1.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$17.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$47.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$69.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$62.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$45.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$246.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$182.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$274.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$377.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-257.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-376.00K	USD	1 Quarter
Other income	`OtherIncome`	$14.00K	USD	1 Quarter
Other income	`OtherIncome`	$4.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$371.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$244.00K	USD	1 Quarter
Changes in fair value of warrants	`DerivativeGainLossOnDerivativeNet`	$409.00K	USD	1 Quarter
Changes in fair value of warrants	`DerivativeGainLossOnDerivativeNet`	$1.69M	USD	1 Quarter
Total other (expenses) income	`OtherNonoperatingIncomeExpense`	$42.00K	USD	1 Quarter
Total other (expenses) income	`OtherNonoperatingIncomeExpense`	$1.08M	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-215.00K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.08M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxReconciliationOtherReconcilingItems`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxReconciliationOtherReconcilingItems`	-	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-215.00K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$1.08M	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$55.00K	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$9.00K	USD	1 Quarter
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-224.00K	USD	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (BASIC)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (BASIC)	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (DILUTED)	`EarningsPerShareDiluted`	$0.00	USD	1 Quarter
NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (DILUTED)	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	3,248.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	111.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	2,493.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	3,248.00	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-215.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$1.00K	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$6.00K	USD	1 Quarter
Amortization of debt issuance costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$52.00K	USD	1 Quarter
Amortization of debt issuance costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$14.00K	USD	1 Quarter
Amortization of beneficial conversion feature	`AdjustmentForAmortization`	$37.00K	USD	1 Quarter
Amortization of beneficial conversion feature	`AdjustmentForAmortization`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$5.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$13.00K	USD	1 Quarter
Change in fair value of warrants	`ChangeInFairValueOfWarrants`	$409.00K	USD	1 Quarter
Change in fair value of warrants	`ChangeInFairValueOfWarrants`	$1.69M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-2.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$30.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-33.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-54.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-9.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-45.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$34.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$317.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$146.00K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.48M	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$29.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-395.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-186.00K	USD	1 Quarter
Proceeds from debt financing, net of discounts and debt issuance costs	`ProceedsFromIssuanceOfLongTermDebt`	$230.00K	USD	1 Quarter
Proceeds from debt financing, net of discounts and debt issuance costs	`ProceedsFromIssuanceOfLongTermDebt`	$432.00K	USD	1 Quarter
Payments made on notes payable	`RepaymentsOfNotesPayable`	$38.00K	USD	1 Quarter
Payments made on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$38.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$192.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$470.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$75.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00K	USD	Point-in-time
Cash paid for: Interest	`InterestPaidNet`	$69.00K	USD	1 Quarter
Cash paid for: Interest	`InterestPaidNet`	-	USD	1 Quarter
Issuance of common stock as debt repayment	`DebtConversionConvertedInstrumentAmount1`	$33.00K	USD	1 Quarter
Issuance of common stock as debt repayment	`DebtConversionConvertedInstrumentAmount1`	$286.00K	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$9.00K	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$55.00K	USD	1 Quarter

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