10-Q Filing

BIO GREEN MED SOLUTION, INC. CIK: 1130166 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-043377`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	cycc-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 63 Cash Flow Statement 40 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`	$13.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.86M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.69M	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$4.01B	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$4.01B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.97M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net Property and equipment, net	`PropertyPlantAndEquipmentNet`	$43.00K	USD	Point-in-time
Property and equipment, net Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$26.00M	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`	$22.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.68M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.56M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.99M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$124.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$112.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.11M	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2017 and June 30, 2018; 11,997,447 shares issued and outstanding at December 31, 2017 and June 30, 2018.	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2017 and June 30, 2018; 11,997,447 shares issued and outstanding at December 31, 2017 and June 30, 2018.	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$365.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$365.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-794.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-801.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-342.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-345.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$26.00M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	2 Qtrs
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	2 Qtrs
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.18M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.53M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.22M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.98M	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.65M	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.28M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.65M	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.18M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.63M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.49M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.63M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.18M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.46M	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$16.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-43.00K	USD	2 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-39.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-43.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$84.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$153.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$30.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$66.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$632.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$879.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$34.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$742.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$111.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$866.00K	USD	2 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.35M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.32M	USD	2 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.88M	USD	2 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.46M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-268.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-684.00K	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-502.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-574.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.74M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	2 Qtrs
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$50.00K	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$100.00K	USD	2 Qtrs
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$101.00K	USD	2 Qtrs
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$50.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-2.24M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-1.90M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.84M	USD	2 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.30M	USD	2 Qtrs
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.50	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	2 Qtrs
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.88	USD	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.00M	shares	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.00M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.35M	shares	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.43M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.74M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	2 Qtrs
Depreciation	`Depreciation`	$17.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$15.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$135.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$167.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-746.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$860.00K	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.17M	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-63.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.01M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.94M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.00K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.00K	USD	2 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$1.06M	USD	2 Qtrs
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$101.00K	USD	2 Qtrs
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$101.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-101.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$962.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$12.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$122.00K	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.09M	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.93M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.59M	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`	$19.82M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.59M	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`	$19.82M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Interest	`InterestPaidNet`	$153.00K	USD	2 Qtrs
Interest	`InterestPaidNet`	$30.00K	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	$1.81M	USD	2 Qtrs
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	2 Qtrs
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	2 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.74M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.62M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.55M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.30M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.61M	USD	1 Quarter
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$6.63M	USD	1 Quarter
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$8.56M	USD	2 Qtrs
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$-3.30M	USD	2 Qtrs
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$-9.58M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.80M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.17M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.73M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.21M	USD	2 Qtrs

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