10-Q Filing

STREAMEX CORP. CIK: 1530766 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001185185-16-005183`
Period End Date	20160630
Filing Date	20160812
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	bios-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 64 Cash Flow Statement 56 Stockholders Equity 21

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$12.72K	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$7.56K	USD	Point-in-time
Cash	`Cash`	$705.34K	USD	Point-in-time
Cash	`Cash`	$953.23K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$141.54K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$31.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$846.88K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$984.54K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.72K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.41K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$27.61K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$27.61K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$1.03M	USD	Point-in-time
Total assets	`Assets`	$893.22K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts payable and accrued expenses, including $7,560 and $12,716 to related parties as of June 30, 2016 and December 31, 2015, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$271.04K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.83M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.48M	shares	Point-in-time
Accounts payable and accrued expenses, including $7,560 and $12,716 to related parties as of June 30, 2016 and December 31, 2015, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$223.55K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.83M	shares	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$316.68K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.48M	shares	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$340.29K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$1.62M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$2.33M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$4.10M	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$285.16K	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$308.07K	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$1.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.47M	USD	Point-in-time
Series C Preferred Stock, 1,090 and 1,471 shares issued and outstanding; liquidation preference of $1,090,000 and $1,471,000 as of June 30, 2016 and December 31, 2015, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$1.09M	USD	Point-in-time
Series C Preferred Stock, 1,090 and 1,471 shares issued and outstanding; liquidation preference of $1,090,000 and $1,471,000 as of June 30, 2016 and December 31, 2015, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$1.47M	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 1,000,000 shares, designated 200 shares of Series A, 600 shares of Series B and 4,200 shares of Series C Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 1,000,000 shares, designated 200 shares of Series A, 600 shares of Series B and 4,200 shares of Series C Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 50,000,000 shares, 20,476,523 and 16,825,703 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$20.48K	USD	Point-in-time
Common stock, $0.001 par value, authorized 50,000,000 shares, 20,476,523 and 16,825,703 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$16.83K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$37.48M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$29.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.24M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.42M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.91M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.03M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$893.22K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$1.15M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$791.64K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.58M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$489.56K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.38M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.27M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.68M	USD	2 Qtrs
Depreciation	`Depreciation`	$2.33K	USD	1 Quarter
Depreciation	`Depreciation`	$5.34K	USD	2 Qtrs
Depreciation	`Depreciation`	$5.24K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.48M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.85M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.43M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.85M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.48M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.54M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.43M	USD	1 Quarter
(Loss) gain on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-824.86K	USD	2 Qtrs
(Loss) gain on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-556.43K	USD	1 Quarter
(Loss) gain on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$198.56K	USD	1 Quarter
(Loss) gain on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$198.56K	USD	2 Qtrs
Interest income (expense)	`InterestIncomeExpenseNet`	$-1.30K	USD	2 Qtrs
Interest income (expense)	`InterestIncomeExpenseNet`	$1.00	USD	2 Qtrs
Interest income (expense)	`InterestIncomeExpenseNet`	$-184.00	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	$1.00	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$529.70K	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	2 Qtrs
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$529.70K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-824.86K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-556.43K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-332.44K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-331.32K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.68M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.09M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.81M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.76M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.68M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.81M	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$60.74K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$112.07K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$191.47K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$28.50K	USD	1 Quarter
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.87M	USD	1 Quarter
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.01M	USD	2 Qtrs
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.12M	USD	1 Quarter
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.74M	USD	2 Qtrs
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.32	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.49	USD	2 Qtrs
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	2 Qtrs
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.01M	shares	2 Qtrs
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.88M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.85M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.97M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.81M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.68M	USD	2 Qtrs
Depreciation	`Depreciation`	$2.33K	USD	1 Quarter
Depreciation	`Depreciation`	$5.34K	USD	2 Qtrs
Depreciation	`Depreciation`	$5.24K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.48K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfFinancingCosts`	$585.32K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$198.56K	USD	2 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$198.56K	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-824.86K	USD	2 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-556.43K	USD	1 Quarter
Equity based compensation	`ShareBasedCompensation`	$5.34M	USD	2 Qtrs
Equity based compensation	`ShareBasedCompensation`	$5.14M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$110.23K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$107.12K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$46.96K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-287.50K	USD	2 Qtrs
Stock based payable	`IncreaseDecreaseInDeferredCompensation`	$-93.62K	USD	2 Qtrs
Stock based payable	`IncreaseDecreaseInDeferredCompensation`	-	USD	2 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$-533.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.57M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.77M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.55K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.97K	USD	2 Qtrs
Payment of long term deposit	`PaymentsForDeposits`	-	USD	2 Qtrs
Payment of long term deposit	`PaymentsForDeposits`	$2.61K	USD	2 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-5.55K	USD	2 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-11.58K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.52M	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.04M	USD	2 Qtrs
Proceeds from sale of Series C preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Proceeds from sale of Series C preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$450.00K	USD	2 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$20.90K	USD	2 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$24.98K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.52M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.54M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-247.89K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$957.46K	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$705.34K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$953.23K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$239.78K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$705.34K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$953.23K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$239.78K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$1.30K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.91M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	16.83M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.48M	shares	Point-in-time
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$2.52M	USD	2 Qtrs
Sale of common stock (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.83M	shares	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.47M	USD	2 Qtrs
Reclassify fair value of derivative liability to equity upon conversion of Series C Preferred Stock to common shares	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$97.90K	USD	2 Qtrs
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.67M	USD	2 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$28.50K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$191.47K	USD	2 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$112.07K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$60.74K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.81M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.68M	USD	2 Qtrs
Balance	`StockholdersEquity`	$-3.42M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.91M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	16.83M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.48M	shares	Point-in-time

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