10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001144204-19-016652`
Period End Date	20181231
Filing Date	20190328
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	cycc-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 36 Cash Flow Statement 39 Stockholders Equity 20 Comprehensive Income 8

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.06M	USD	Point-in-time
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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.28M	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
Total current assets	`AssetsCurrent`	$19.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.97M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$36.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total assets	`Assets`	$26.00M	USD	Point-in-time
Total assets	`Assets`	$19.82M	USD	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`	12.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.50M	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`	$2.72M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.56M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$1.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.11M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$124.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$100.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.55M	USD	Point-in-time
Commitments and contingencies (Notes 3 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 3 and 9)	`CommitmentsAndContingencies`	-	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 December 31, 2018; 11,997,447 and 12,497,447 shares issued and outstanding at December 31, 2017 and December 31, 2018, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2017 and December 31, 2018; 11,997,447 and 12,497,447 shares issued and outstanding at December 31, 2017 and December 31, 2018, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$365.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$365.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-794.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-760.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-342.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-349.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.27M	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`	$19.82M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Collaboration and research and development revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$150.00K	USD	Annual
Collaboration and research and development revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.33M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.24M	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$5.37M	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$5.25M	USD	Annual
Total operating expenses	`OperatingExpenses`	$9.49M	USD	Annual
Total operating expenses	`OperatingExpenses`	$9.70M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-9.55M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-9.49M	USD	Annual
Foreign exchange losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-39.00K	USD	Annual
Foreign exchange losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-90.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$331.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$118.00K	USD	Annual
Other income, net	`OtherNonoperatingIncome`	$949.00K	USD	Annual
Other income, net	`OtherNonoperatingIncome`	$682.00K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$923.00K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$1.03M	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.46M	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.62M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.34M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-993.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-7.47M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.29M	USD	Annual
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$201.00K	USD	Annual
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$201.00K	USD	Annual
Beneficial conversion feature of Series A convertible stock	`BeneficialConversionFeatureOfConvertibleStock`	$3.64M	USD	Annual
Beneficial conversion feature of Series A convertible stock	`BeneficialConversionFeatureOfConvertibleStock`	-	USD	Annual
Conversion of Series A convertible preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	-	USD	Annual
Conversion of Series A convertible preferred stock	`ConvertiblePreferredStockConvertedToOtherSecurities`	$3.54M	USD	Annual
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-7.49M	USD	Annual
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-14.85M	USD	Annual
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	Annual
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.95	USD	Annual
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.63M	shares	Annual
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.09M	shares	Annual

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.47M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.29M	USD	Annual
Depreciation expense	`Depreciation`	$32.00K	USD	Annual
Depreciation expense	`Depreciation`	$29.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$331.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$266.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.23M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$327.00K	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.54M	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$554.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.70M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.48M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.00K	USD	Annual
Proceeds from issuance of equity securities, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$14.75M	USD	Annual
Proceeds from issuance of equity securities, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$630.00K	USD	Annual
Proceeds from the exercise of stock options and warrants, net of issuance costs	`ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants`	$200.00K	USD	Annual
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$201.00K	USD	Annual
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$201.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.75M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$429.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-95.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$135.00K	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.41M	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.39M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Interest	`InterestPaidNet`	$118.00K	USD	Annual
Interest	`InterestPaidNet`	$331.00K	USD	Annual
Taxes	`IncomeTaxesPaid`	$1.16M	USD	Annual
Taxes	`IncomeTaxesPaid`	$1.81M	USD	Annual
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	Annual
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$15.27M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.27M	USD	Point-in-time
Balance	`StockholdersEquity`	$21.77M	USD	Point-in-time
Issue of common stock, preferred stock and associated warrants on underwritten offering, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$13.68M	USD	Annual
Warrant exercise	`StockIssuedDuringPeriodValueStockWarrantsExercised`	$199.00K	USD	Annual
Issue of common stock on At Market Issuance sales agreement	`StockIssuedDuringPeriodValueAtMarketIssuanceSalesAgreement`	$1.07M	USD	Annual
Issue of common stock on At Market Issuance sales agreement	`StockIssuedDuringPeriodValueAtMarketIssuanceSalesAgreement`	$630.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$331.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$266.00K	USD	Annual
Preferred stock dividends	`AdjustmentsToAdditionalPaidInCapitalPreferredStockConversion`	$201.00K	USD	Annual
Preferred stock dividends	`AdjustmentsToAdditionalPaidInCapitalPreferredStockConversion`	$201.00K	USD	Annual
Unrealized foreign exchange on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$14.64M	USD	Annual
Unrealized foreign exchange on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$-9.34M	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.37M	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.69M	USD	Annual
Loss for the period	`NetIncomeLoss`	$-7.47M	USD	Annual
Loss for the period	`NetIncomeLoss`	$-7.29M	USD	Annual
Balance	`StockholdersEquity`	$15.27M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.27M	USD	Point-in-time
Balance	`StockholdersEquity`	$21.77M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.47M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.29M	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.37M	USD	Annual
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.69M	USD	Annual
Unrealized foreign exchange gain (loss) on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$14.64M	USD	Annual
Unrealized foreign exchange gain (loss) on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$-9.34M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.52M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.25M	USD	Annual

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