10-Q Filing

STREAMEX CORP. CIK: 1530766 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001185185-16-005771`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	bsgm-20160930.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`	$8.70K	USD	Point-in-time
Cash	`Cash`	$953.23K	USD	Point-in-time
Cash	`Cash`	$150.45K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$31.31K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$134.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.98K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$984.54K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$22.69K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.41K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$27.61K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$27.61K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	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`	$335.29K	USD	Point-in-time
Total assets	`Assets`	$1.03M	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
Common stock, shares issued	`CommonStockSharesIssued`	16.83M	shares	Point-in-time
Accounts payable and accrued expenses, including $8,703 and $12,716 to related parties as of September 30, 2016 and December 31, 2015, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$426.50K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.94M	shares	Point-in-time
Accounts payable and accrued expenses, including $8,703 and $12,716 to related parties as of September 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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.94M	shares	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$341.40K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$340.29K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$1.62M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$4.10M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$2.32M	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$285.16K	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$1.24M	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$291.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.38M	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 September 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 September 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, 20,935,093 and 16,825,703 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$20.93K	USD	Point-in-time
Common stock, $0.001 par value, authorized 50,000,000 shares, 20,935,093 and 16,825,703 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$16.83K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$29.31M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.24M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-4.14M	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`	$335.29K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$2.14M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.15M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$354.47K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$560.51K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.80M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$991.85K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.26M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.12M	USD	1 Quarter
Depreciation	`Depreciation`	$7.81K	USD	3 Qtrs
Depreciation	`Depreciation`	$2.61K	USD	1 Quarter
Depreciation	`Depreciation`	$7.95K	USD	3 Qtrs
Depreciation	`Depreciation`	$2.57K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.47M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.41M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$9.96M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.55M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.47M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.41M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-9.96M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.55M	USD	1 Quarter
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$2.85M	USD	1 Quarter
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$3.05M	USD	3 Qtrs
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-807.09K	USD	3 Qtrs
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$17.77K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	$-1.30K	USD	3 Qtrs
Interest income (expense)	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNet`	$1.00	USD	3 Qtrs
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	3 Qtrs
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$529.70K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$2.85M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$17.77K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$2.52M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-807.09K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.44M	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$377.67K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.54M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-10.21M	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.44M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$377.67K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-10.21M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$53.05K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$24.73K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$85.47K	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$244.52K	USD	3 Qtrs
NET (LOSS) INCOME AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$324.62K	USD	1 Quarter
NET (LOSS) INCOME AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.68M	USD	3 Qtrs
NET (LOSS) INCOME AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.56M	USD	1 Quarter
NET (LOSS) INCOME AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.30M	USD	3 Qtrs
Net (loss) income per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net (loss) income per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Net (loss) income per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.57	USD	3 Qtrs
Net (loss) income per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.55	USD	3 Qtrs
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.57M	shares	3 Qtrs
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.85M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.58M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.85M	shares	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.21M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$377.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.44M	USD	3 Qtrs
Depreciation	`Depreciation`	$7.81K	USD	3 Qtrs
Depreciation	`Depreciation`	$2.61K	USD	1 Quarter
Depreciation	`Depreciation`	$7.95K	USD	3 Qtrs
Depreciation	`Depreciation`	$2.57K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfFinancingCosts`	$585.32K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$17.77K	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-807.09K	USD	3 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$2.85M	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$3.05M	USD	3 Qtrs
Equity based compensation	`ShareBasedCompensation`	$5.45M	USD	3 Qtrs
Equity based compensation	`ShareBasedCompensation`	$6.91M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$103.22K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.14K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-213.75K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$202.53K	USD	3 Qtrs
Stock based payable	`IncreaseDecreaseInDeferredCompensation`	-	USD	3 Qtrs
Stock based payable	`IncreaseDecreaseInDeferredCompensation`	$-226.31K	USD	3 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$-2.71K	USD	3 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$-417.00	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.43M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.84M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.97K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.10K	USD	3 Qtrs
Payment of long term deposit	`PaymentsForDeposits`	-	USD	3 Qtrs
Payment of long term deposit	`PaymentsForDeposits`	$2.61K	USD	3 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-12.10K	USD	3 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-11.58K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.05M	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.04M	USD	3 Qtrs
Proceeds from sale of Series C preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from sale of Series C preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$450.00K	USD	3 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$20.90K	USD	3 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$24.98K	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.54M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.05M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$94.78K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-802.78K	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$334.56K	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`	$150.45K	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`	$334.56K	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`	$150.45K	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`	-	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$1.30K	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-4.14M	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`	20.94M	shares	Point-in-time
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$3.05M	USD	3 Qtrs
Sale of common stock (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.21M	shares	3 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.47M	USD	3 Qtrs
Reclassify fair value of derivative liability to equity upon conversion of Series C Preferred Stock to common shares	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$97.90K	USD	3 Qtrs
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.98M	USD	3 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$244.52K	USD	3 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$85.47K	USD	3 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$24.73K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$53.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.21M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$377.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.44M	USD	3 Qtrs
Balance	`StockholdersEquity`	$-4.14M	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`	20.94M	shares	Point-in-time

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