10-Q Filing

NEXGEL, INC. CIK: 1468929 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-043972`
Period End Date	20190630
Filing Date	20190909
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	topp-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 33 Stockholders Equity 25

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`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`	$186.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$72.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory, net	`InventoryNet`	$101.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$140.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$226.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$101.00K	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`	5.01M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.01M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$361.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$499.00K	USD	Point-in-time
Improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$200.00K	USD	Point-in-time
Improvements and equipment, net	`PropertyPlantAndEquipmentNet`	$155.00K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	5.01M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	5.01M	shares	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$976.00K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$178.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$178.00K	USD	Point-in-time
Total assets	`Assets`	$1.81M	USD	Point-in-time
Total assets	`Assets`	$739.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$496.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$250.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$395.00K	USD	Point-in-time
Operating lease liability - right of use	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Operating lease liability - right of use	`ContractWithCustomerLiabilityCurrent`	$207.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.00K	USD	Point-in-time
Operating lease liability - right of use	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability - right of use	`OperatingLeaseLiabilityNoncurrent`	$769.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$51.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$458.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.87M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Parent's net investment	`ParentsNetInvestmentInEntity`	$281.00K	USD	Point-in-time
Parent's net investment	`ParentsNetInvestmentInEntity`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share, 100,000,000 shares authorized; 5,005,211 shares issued and outstanding as of June 30, 2019	`CommonStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share, 100,000,000 shares authorized; 5,005,211 shares issued and outstanding as of June 30, 2019	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-64.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$281.00K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$720.00K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$225.00K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$625.00K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-59.00K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$819.00K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$1.81M	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$739.00K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue, net of returns, allowances and discounts	`RevenueFromContractWithCustomerIncludingAssessedTax`	$254.00K	USD	2 Qtrs
Revenue, net of returns, allowances and discounts	`RevenueFromContractWithCustomerIncludingAssessedTax`	$864.00K	USD	1 Quarter
Revenue, net of returns, allowances and discounts	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.40M	USD	2 Qtrs
Revenue, net of returns, allowances and discounts	`RevenueFromContractWithCustomerIncludingAssessedTax`	$125.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$428.00K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$579.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$993.00K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$191.00K	USD	1 Quarter
Gross (loss)/profit	`GrossProfit`	$411.00K	USD	2 Qtrs
Gross (loss)/profit	`GrossProfit`	$285.00K	USD	1 Quarter
Gross (loss)/profit	`GrossProfit`	$-66.00K	USD	1 Quarter
Gross (loss)/profit	`GrossProfit`	$-174.00K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.07M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.01M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.51M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$572.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$572.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.07M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.51M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.07M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.69M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-657.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-287.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-369.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-612.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-657.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-287.00K	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average shares used in computing net loss per common share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.00	shares	1 Quarter
Weighted average shares used in computing net loss per common share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.01M	shares	1 Quarter
Weighted average shares used in computing net loss per common share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.00	shares	2 Qtrs
Weighted average shares used in computing net loss per common share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.01M	shares	2 Qtrs

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-657.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.69M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$155.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$343.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$45.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$39.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-125.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$66.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$339.00K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$94.00K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$78.00K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-751.00K	USD	2 Qtrs
Net Distributions from Former Parent	`ProceedsFromContributionsFromFormerParent`	$751.00K	USD	2 Qtrs
Net Distributions from Former Parent	`ProceedsFromContributionsFromFormerParent`	$1.34M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$751.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.34M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$186.00K	USD	2 Qtrs
Cash and Cash Equivalents - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.00K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.00K	USD	Point-in-time
Cash and Cash Equivalents - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and Cash Equivalents - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$281.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$720.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$225.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$625.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$-59.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$819.00K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-287.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-657.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-612.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.69M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-369.00K	USD	1 Quarter
Transfers from parent	`TransfersFromParent`	$188.00K	USD	1 Quarter
Transfers from parent	`TransfersFromParent`	$563.00K	USD	1 Quarter
Transfers from parent	`TransfersFromParent`	$556.00K	USD	1 Quarter
Transfers from parent	`TransfersFromParent`	$789.00K	USD	1 Quarter
Reclassification of net parent investment in connection with spin-off, June 21, 2019	`AdjustmentToAdditionalPaidInCapitalReclassificationOfNetParentInvestmentInConnectionWithSpinOff`	-	USD	1 Quarter
Common stock distributed in connection with spinoff, June 21, 2019	`AdjustmentToAdditionalPaidInCapitalCommonStockDistributedInConnectionWithSpinoff`	-	USD	1 Quarter
Common stock distributed in connection with spinoff (in Shares)	`ShareDistributionMadeToParentCompany`	5.01M	shares	Point-in-time
Balance	`StockholdersEquity`	$-59.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$281.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$720.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$225.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$625.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$819.00K	USD	Point-in-time

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