10-Q Filing

ENZON PHARMACEUTICALS, INC. CIK: 727510 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-063360`
Period End Date	20150930
Filing Date	20151106
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	enzn-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 64 Cash Flow Statement 32

Balance Sheet 56 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`	$34.56M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$28.99M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$478.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$304.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$35.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.56M	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	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$848.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$21.41M	USD	Point-in-time
Total assets	`Assets`	$35.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.18M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.17M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.18M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.17M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$181.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$135.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$458.00K	USD	Point-in-time
Accrued lease termination costs	`AccruedLeaseTerminationCostsCurrent`	-	USD	Point-in-time
Accrued lease termination costs	`AccruedLeaseTerminationCostsCurrent`	$4.55M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrent`	$4.42M	USD	Point-in-time
Accrued dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.06M	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	$381.00K	USD	Point-in-time
Accrued rent liability	`AccruedRentNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$4.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.44M	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 September 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at September 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 44,182,414 shares at September 30, 2015 and 44,174,456 shares at December 31, 2014	`CommonStockValue`	$441.00K	USD	Point-in-time
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 44,182,414 shares at September 30, 2015 and 44,174,456 shares at December 31, 2014	`CommonStockValue`	$441.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$107.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$130.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-91.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$16.65M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$29.60M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$35.04M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$21.41M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltyRevenue`	$14.07M	USD	3 Qtrs
Royalties	`RoyaltyRevenue`	$8.13M	USD	1 Quarter
Royalties	`RoyaltyRevenue`	$24.81M	USD	3 Qtrs
Royalties	`RoyaltyRevenue`	$3.77M	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$94.00K	USD	3 Qtrs
Miscellaneous income	`OtherSalesRevenueNet`	$73.00K	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$31.00K	USD	1 Quarter
Miscellaneous income	`OtherSalesRevenueNet`	$224.00K	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$3.84M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.29M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$8.16M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$24.91M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$1.31M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$213.00K	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$1.92M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$571.00K	USD	1 Quarter
Lease termination costs	`GainLossOnContractTermination`	$-4.55M	USD	3 Qtrs
Lease termination costs	`GainLossOnContractTermination`	-	USD	3 Qtrs
Lease termination costs	`GainLossOnContractTermination`	$-4.55M	USD	1 Quarter
Lease termination costs	`GainLossOnContractTermination`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$571.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.92M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.86M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$8.43M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-926.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$7.59M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$22.99M	USD	3 Qtrs
Other, net	`InvestmentIncomeNet`	-	USD	1 Quarter
Other, net	`InvestmentIncomeNet`	$61.00K	USD	3 Qtrs
Other, net	`InvestmentIncomeNet`	-	USD	3 Qtrs
Other, net	`InvestmentIncomeNet`	-	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$61.00K	USD	3 Qtrs
Income (expense) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.59M	USD	1 Quarter
Income (expense) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.05M	USD	3 Qtrs
Income (expense) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-926.00K	USD	1 Quarter
Income (expense) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.43M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-712.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$56.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$888.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$23.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$9.14M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$7.59M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.81M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.18M	shares	3 Qtrs
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.18M	shares	1 Quarter
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.11M	shares	3 Qtrs
Weighted-average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.13M	shares	1 Quarter
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.18M	shares	1 Quarter
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.21M	shares	3 Qtrs
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.24M	shares	1 Quarter
Weighted-average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.25M	shares	3 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$23.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.14M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.81M	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$61.00K	USD	3 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-848.00K	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$583.00K	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.92M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.21M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.35M	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$152.00K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$152.00K	USD	3 Qtrs
Withholding taxes - stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00K	USD	3 Qtrs
Withholding taxes - stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$30.00K	USD	3 Qtrs
Common stock dividend	`PaymentsOfDividendsCommonStock`	$26.51M	USD	3 Qtrs
Common stock dividend	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-30.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-26.51M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.31M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.47M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.52M	USD	Point-in-time

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