10-Q Filing

BIO GREEN MED SOLUTION, INC. CIK: 1130166 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-057898`
Period End Date	20170930
Filing Date	20171113
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	cycc-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 66 Cash Flow Statement 41 Comprehensive Income 16

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.62M	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$4.01B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.82M	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$4.01B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, plant and equipment (net)	`PropertyPlantAndEquipmentNet`	$45.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, plant and equipment (net)	`PropertyPlantAndEquipmentNet`	$34.00K	USD	Point-in-time
Total assets	`Assets`	$27.85M	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
Total assets	`Assets`	$19.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.26M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.26M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.76M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$128.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$130.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.39M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2016 and September 30, 2017; 4,256,829 and 11,697,021 shares issued and outstanding at December 31, 2016 and September 30, 2017, respectively.	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2016 and September 30, 2017; 4,256,829 and 11,697,021 shares issued and outstanding at December 31, 2016 and September 30, 2017, respectively.	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$364.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$350.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-762.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-743.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-340.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-335.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.66M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Grant revenue	`RevenueFromGrants`	$205.00K	USD	1 Quarter
Grant revenue	`RevenueFromGrants`	$566.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.41M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.54M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$958.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.49M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.15M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$4.00M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$3.80M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.55M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$7.29M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.68M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.11M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.48M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-10.98M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-7.29M	USD	3 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$51.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$369.00K	USD	3 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-65.00K	USD	3 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-22.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$30.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$59.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$31.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$18.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$28.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$907.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$56.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$901.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$456.00K	USD	3 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.40M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.08M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.53M	USD	3 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.39M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.57M	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-793.00K	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-219.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-454.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.95M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.60M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.95M	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$50.00K	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$50.00K	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$151.00K	USD	3 Qtrs
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$150.00K	USD	3 Qtrs
Beneficial conversion feature of Series A convertible preferred stock	`BeneficialConversionFeatureOfSeriesAConvertiblePreferredStock`	$-3.64M	USD	1 Quarter
Beneficial conversion feature of Series A convertible preferred stock	`BeneficialConversionFeatureOfSeriesAConvertiblePreferredStock`	$-3.64M	USD	3 Qtrs
Conversion of Series A convertible preferred stock	`DilutiveSecuritiesEffectOnBasicEarningsPerShareOther`	$-3.37M	USD	3 Qtrs
Conversion of Series A convertible preferred stock	`DilutiveSecuritiesEffectOnBasicEarningsPerShareOther`	$-3.37M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-12.76M	USD	3 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.00M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-9.10M	USD	3 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-8.92M	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.86	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-2.06	USD	3 Qtrs
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.91	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-2.89	USD	3 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.20M	shares	3 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.15M	shares	3 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.84M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.47M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.95M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.60M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.95M	USD	1 Quarter
Depreciation	`Depreciation`	$25.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$109.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$200.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$614.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.46M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-629.00K	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.35M	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$464.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.26M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.14M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.00K	USD	3 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$5.24M	USD	3 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$14.75M	USD	3 Qtrs
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$150.00K	USD	3 Qtrs
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$151.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.60M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.09M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$176.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-366.00K	USD	3 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.51M	USD	3 Qtrs
Net increase / (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.41M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.44M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.44M	USD	Point-in-time
Interest	`InterestPaid`	$31.00K	USD	3 Qtrs
Interest	`InterestPaid`	$60.00K	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	$1.81M	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	$1.97M	USD	3 Qtrs
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	3 Qtrs
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	3 Qtrs
Receivable from issuance of common stock	`StockIssued1`	$1.52M	USD	3 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.95M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.60M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.95M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.60M	USD	3 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.88M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.84M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.44M	USD	3 Qtrs
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$4.86M	USD	1 Quarter
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$13.42M	USD	3 Qtrs
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$-4.86M	USD	1 Quarter
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$-19.77M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.97M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.88M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.62M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-9.11M	USD	3 Qtrs

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