10-Q Filing

ENVERIC BIOSCIENCES, INC. CIK: 890821 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001140361-18-023478`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	amhi-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 54 Cash Flow Statement 44

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.46M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.84M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$955.40K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$924.27K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	405,395.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	405,395.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$14.64M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	405,395.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	405,395.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$11.18M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.05K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.88K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.68M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.79M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.16M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.47M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.79M	shares	Point-in-time
Acquired goodwill	`Goodwill`	$21.90M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.16M	shares	Point-in-time
Acquired goodwill	`Goodwill`	$21.90M	USD	Point-in-time
Deferred income tax assets, net	`DeferredIncomeTaxAssetsNet`	$6.09M	USD	Point-in-time
Deferred income tax assets, net	`DeferredIncomeTaxAssetsNet`	$6.09M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$37.55M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$36.75M	USD	Point-in-time
Total assets	`Assets`	$47.92M	USD	Point-in-time
Total assets	`Assets`	$52.20M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.26M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$4.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.32M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$2.22M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$2.58M	USD	Point-in-time
Current portion - long term notes	`LongTermDebtCurrent`	$406.38K	USD	Point-in-time
Current portion - long term notes	`LongTermDebtCurrent`	$749.55K	USD	Point-in-time
Consideration payable - cash	`BusinessCombinationCashConsiderationPayableCurrent`	$3.43M	USD	Point-in-time
Consideration payable - cash	`BusinessCombinationCashConsiderationPayableCurrent`	$5.51M	USD	Point-in-time
Consideration payable - equity	`BusinessCombinationConsiderationPayableEquityCurrent`	$12.15M	USD	Point-in-time
Consideration payable - equity	`BusinessCombinationConsiderationPayableEquityCurrent`	$11.27M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$557.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.47M	USD	Point-in-time
Convertible notes	`ConvertibleLongTermNotesPayable`	$1.25M	USD	Point-in-time
Convertible notes	`ConvertibleLongTermNotesPayable`	$1.25M	USD	Point-in-time
Long-term notes - net of current portion	`LongTermDebtNoncurrent`	$1.13M	USD	Point-in-time
Long-term notes - net of current portion	`LongTermDebtNoncurrent`	$1.03M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.28M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.75M	USD	Point-in-time
Preferred stock, $0.01 par value; 1,000,000 authorized, 405,395 issued and outstanding as of each of March 31, 2018 and December 31, 2017	`PreferredStockValue`	$4.05K	USD	Point-in-time
Preferred stock, $0.01 par value; 1,000,000 authorized, 405,395 issued and outstanding as of each of March 31, 2018 and December 31, 2017	`PreferredStockValue`	$4.05K	USD	Point-in-time
Common stock, $0.01 par value; 100,000,000 shares authorized, 18,790,998 and 18,162,723 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$187.91K	USD	Point-in-time
Common stock, $0.01 par value; 100,000,000 shares authorized, 18,790,998 and 18,162,723 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$181.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.88K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$66.67K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$52.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$47.92M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$11.06M	USD	1 Quarter
Revenue	`Revenues`	$12.34M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$9.04M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$8.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.30M	USD	1 Quarter
Selling, general and administration	`SellingGeneralAndAdministrativeExpense`	$3.03M	USD	1 Quarter
Selling, general and administration	`SellingGeneralAndAdministrativeExpense`	$2.88M	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$10.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$209.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$689.10K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$820.74K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$3.93M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$3.71M	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-630.55K	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-1.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$90.81K	USD	1 Quarter
Interest expense	`InterestExpense`	$211.16K	USD	1 Quarter
Others, net	`OtherNonoperatingIncomeExpense`	$6.20K	USD	1 Quarter
Others, net	`OtherNonoperatingIncomeExpense`	$-4.15K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-94.95K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-204.96K	USD	1 Quarter
(Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-725.50K	USD	1 Quarter
(Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.57M	USD	1 Quarter
Tax benefit / (provision)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Tax benefit / (provision)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
(Loss) after income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.57M	USD	1 Quarter
(Loss) after income taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-725.50K	USD	1 Quarter
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.52K	USD	1 Quarter
Net (loss) attributable to the Company	`NetIncomeLoss`	$-721.99K	USD	1 Quarter
Net (loss) attributable to the Company	`NetIncomeLoss`	$-1.57M	USD	1 Quarter
Dividend on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$499.96K	USD	1 Quarter
Dividend on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$557.42K	USD	1 Quarter
Net (loss) attributable to common stock holders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.13M	USD	1 Quarter
Net (loss) attributable to common stock holders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.22M	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.33K	USD	1 Quarter
Foreign exchange translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$29.79K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-1.22M	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-2.10M	USD	1 Quarter
Comprehensive income/(loss) attributable to the Company	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.10M	USD	1 Quarter
Comprehensive income/(loss) attributable to the Company	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.22M	USD	1 Quarter
Comprehensive income/(loss) attributable to the non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income/(loss) attributable to the non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.52K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.22M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-2.10M	USD	1 Quarter
Basic (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Basic (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Diluted (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Basic weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.65M	shares	1 Quarter
Basic weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.09M	shares	1 Quarter
Diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.65M	shares	1 Quarter
Diluted weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.09M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$-1.22M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$-2.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$689.10K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$820.74K	USD	1 Quarter
Provision for preferred stock dividend	`DividendsPreferredStock`	$557.42K	USD	1 Quarter
Provision for preferred stock dividend	`DividendsPreferredStock`	$499.96K	USD	1 Quarter
Stock, option and restricted stock unit expense	`StockOptionRestrictedStockUnitAndWarrantExpense`	$566.43K	USD	1 Quarter
Stock, option and restricted stock unit expense	`StockOptionRestrictedStockUnitAndWarrantExpense`	$297.81K	USD	1 Quarter
Foreign exchange translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.33K	USD	1 Quarter
Foreign exchange translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$-29.79K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-380.83K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.53M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$31.13K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$324.27K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$472.66K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-415.63K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-837.93K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-459.56K	USD	1 Quarter
Purchase of fixed assets	`PaymentsForProceedsFromProductiveAssets`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsForProceedsFromProductiveAssets`	$10.49K	USD	1 Quarter
Acquisition consideration	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.07M	USD	1 Quarter
Acquisition consideration	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$55.69K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.07M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-66.18K	USD	1 Quarter
Proceeds from bank loan and convertible notes, net	`ProceedsFromConvertibleDebt`	$-1.23M	USD	1 Quarter
Proceeds from bank loan and convertible notes, net	`ProceedsFromConvertibleDebt`	$1.60M	USD	1 Quarter
Additional stock issued	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Additional stock issued	`ProceedsFromIssuanceOfCommonStock`	$619.03K	USD	1 Quarter
Contingent consideration for acquisitions	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$255.78K	USD	1 Quarter
Contingent consideration for acquisitions	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$975.44K	USD	1 Quarter
Non-controlling interest	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	1 Quarter
Non-controlling interest	`ProceedsFromPaymentsToMinorityShareholders`	$-6.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.34M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.59M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$432.71K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.12M	USD	1 Quarter
Cash and cash equivalents as at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents as at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents as at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.76M	USD	Point-in-time
Cash and cash equivalents as at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.76M	USD	Point-in-time
Cash at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time

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