10-Q Filing

ENZON PHARMACEUTICALS, INC. CIK: 727510 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-029062`
Period End Date	20140331
Filing Date	20140509
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	enzn-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 45 Cash Flow Statement 40

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$77.35M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$121.74M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.86M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$511.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$299.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$55.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$90.00K	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
Total assets	`Assets`	$15.22M	USD	Point-in-time
Total assets	`Assets`	$7.12M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.09M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.09M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.09M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.09M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$93.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$188.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$744.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$932.00K	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	$512.00K	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	$558.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.87M	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
Preferred stock - $.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 44,093,827 shares at March 31, 2014 and 44,085,870 shares at December 31, 2013	`CommonStockValue`	$441.00K	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 44,093,827 shares at March 31, 2014 and 44,085,870 shares at December 31, 2013	`CommonStockValue`	$441.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$134.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$134.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-121.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-129.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.12M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$8.94M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$9.56M	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$31.00K	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$619.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$10.18M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$8.97M	USD	1 Quarter
Research and development - pipeline	`ResearchAndDevelopmentExpense`	$1.58M	USD	1 Quarter
Research and development - pipeline	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$508.00K	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$2.95M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$2.50M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.03M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$508.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.15M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$8.47M	USD	1 Quarter
Investment income, net	`InvestmentIncomeNet`	-	USD	1 Quarter
Investment income, net	`InvestmentIncomeNet`	$427.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.27M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$109.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$220.00K	USD	1 Quarter
Total other (expense)	`NonOperatingIncomeExpenseIncludingInterestExpense`	$-627.00K	USD	1 Quarter
Total other (expense)	`NonOperatingIncomeExpenseIncludingInterestExpense`	$109.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.58M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$133.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$55.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.39M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Weighted-average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.69M	shares	1 Quarter
Weighted-average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.09M	shares	1 Quarter
Weighted-average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.25M	shares	1 Quarter
Weighted-average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.12M	shares	1 Quarter
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$39.00K	USD	1 Quarter
Unrealized holding gains arising during period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for realized losses on sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$281.00K	USD	1 Quarter
Reclassification adjustment for realized losses on sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-242.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.52M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.15M	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.39M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$80.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	-	USD	1 Quarter
Amortization and write-off of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization and write-off of debt issuance costs	`AmortizationOfFinancingCosts`	$116.00K	USD	1 Quarter
Stock-based compensation and employee purchase plan discount	`ShareBasedCompensation`	$-257.00K	USD	1 Quarter
Stock-based compensation and employee purchase plan discount	`ShareBasedCompensation`	-	USD	1 Quarter
Loss on sales of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	1 Quarter
Loss on sales of marketable securities	`MarketableSecuritiesGainLoss`	$281.00K	USD	1 Quarter
Amortization of purchase premium on marketable securities	`AmortizationOfPurchasePremiumOnMarketableSecurities`	$536.00K	USD	1 Quarter
Amortization of purchase premium on marketable securities	`AmortizationOfPurchasePremiumOnMarketableSecurities`	-	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$219.00K	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$109.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$208.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-388.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.20M	USD	1 Quarter
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$235.00K	USD	1 Quarter
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$146.00K	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$41.53M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$146.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$41.76M	USD	1 Quarter
Withholding taxes - stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.00K	USD	1 Quarter
Withholding taxes - stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$106.00K	USD	1 Quarter
Withdrawals/proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	-	USD	1 Quarter
Withdrawals/proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$-14.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-120.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.39M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.34M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$121.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.86M	USD	Point-in-time

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