10-Q Filing

BIO GREEN MED SOLUTION, INC. CIK: 1130166 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-059346`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	cycc-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 67 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`	$23.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.67M	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`	$29.00K	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`	$38.00K	USD	Point-in-time
Total assets	`Assets`	$26.00M	USD	Point-in-time
Total assets	`Assets`	$20.71M	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
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`	$1.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.56M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.56M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$124.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$106.00K	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 September 30, 2018; 11,997,447 shares issued and outstanding at December 31, 2017 and September 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 September 30, 2018; 11,997,447 shares issued and outstanding at December 31, 2017 and September 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`	$365.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-796.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-794.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-347.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-342.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$26.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.71M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.21M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$958.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.49M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.19M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$3.80M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.25M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$3.90M	USD	3 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.08M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.29M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.46M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-7.08M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-7.29M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.11M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.46M	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-22.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-42.00K	USD	3 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-65.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$30.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$238.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$59.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$85.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$907.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$28.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$632.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$901.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$828.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$86.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.39M	USD	3 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.25M	USD	3 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.37M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.08M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-301.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-793.00K	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-985.00K	USD	3 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-219.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.27M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$151.00K	USD	3 Qtrs
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
Beneficial conversion feature of Series A convertible stock	`BeneficialConversionFeatureOfConvertibleStock`	$3.64M	USD	1 Quarter
Beneficial conversion feature of Series A convertible stock	`BeneficialConversionFeatureOfConvertibleStock`	$3.64M	USD	3 Qtrs
Conversion of Series A convertible preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$3.37M	USD	3 Qtrs
Conversion of Series A convertible preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$3.37M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-8.92M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-12.76M	USD	3 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-5.42M	USD	3 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-2.12M	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`	$-0.18	USD	1 Quarter
Net loss per share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	3 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.84M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.00M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.20M	shares	3 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.00M	shares	3 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.27M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Depreciation	`Depreciation`	$22.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$25.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$200.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$255.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.46M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-320.00K	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.35M	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$8.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.67M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.26M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.00K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.00K	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`	$151.00K	USD	3 Qtrs
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$151.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-151.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.60M	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`	$-88.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.94M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.51M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.97M	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`	$26.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.97M	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`	$26.02M	USD	Point-in-time
Interest	`InterestPaidNet`	$238.00K	USD	3 Qtrs
Interest	`InterestPaidNet`	$60.00K	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	$1.16M	USD	3 Qtrs
Taxes	`IncomeTaxesPaid`	$1.81M	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

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.27M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.44M	USD	3 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.56M	USD	3 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.26M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.88M	USD	1 Quarter
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`	$-2.26M	USD	1 Quarter
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$-5.56M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.88M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.62M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.07M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.27M	USD	3 Qtrs

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