10-Q Filing

STREAMEX CORP. CIK: 1530766 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001185185-18-001287`
Period End Date	20180630
Filing Date	20180727
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	bsgm-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 56 Cash Flow Statement 62 Stockholders Equity 21

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$12.65K	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$27.38K	USD	Point-in-time
Cash	`Cash`	$1.55M	USD	Point-in-time
Cash	`Cash`	$3.67M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$116.94K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$166.11K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.84M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.72K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.10K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$258.23K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$59.21K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$17.08K	USD	Point-in-time
Total assets	`Assets`	$1.70M	USD	Point-in-time
Total assets	`Assets`	$4.18M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.71M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.32M	shares	Point-in-time
Accounts payable and accrued expenses, including $27,375 and $15,755 to related parties as of December 31, 2017 and 2016, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$219.50K	USD	Point-in-time
Accounts payable and accrued expenses, including $27,375 and $15,755 to related parties as of December 31, 2017 and 2016, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$473.10K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.32M	shares	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$447.90K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$305.74K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$4.10M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$2.36M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$652.05K	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$685.92K	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	-	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$1.24M	USD	Point-in-time
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$397.16K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$525.23K	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$985.00K	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$575.00K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 200,000,000 shares, 29,321,204 and 22,588,184 issued and outstanding as of December 31, 2017 and 2016, respectively	`CommonStockValue`	$29.32K	USD	Point-in-time
Common stock, $0.001 par value, authorized 200,000,000 shares, 29,321,204 and 22,588,184 issued and outstanding as of December 31, 2017 and 2016, respectively	`CommonStockValue`	$36.71K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$53.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$64.93M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	$29.98K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.52M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$3.08M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.70M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$4.18M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$1.34M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.31M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.68M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.23M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.09M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.68M	USD	1 Quarter
Depreciation	`Depreciation`	$5.83K	USD	2 Qtrs
Depreciation	`Depreciation`	$6.07K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.93K	USD	1 Quarter
Depreciation	`Depreciation`	$3.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.40M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.92M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.77M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.77M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.92M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.02M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.40M	USD	2 Qtrs
Loss on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Loss on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Loss on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-433.86K	USD	2 Qtrs
Loss on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-60.24K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$348.00	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$54.00	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$54.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$263.00	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.08M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.40M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.35M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.77M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.77M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$585.91K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$280.87K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$22.86K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$46.61K	USD	2 Qtrs
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.99M	USD	2 Qtrs
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.40M	USD	2 Qtrs
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.05M	USD	1 Quarter
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.10M	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	2 Qtrs
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	2 Qtrs
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.24M	shares	2 Qtrs
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.52M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.13M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.10M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Exercise of warrants, per share	`ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1`	$1.50	USD	Point-in-time
Exercise of warrants, per share	`ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1`	$1.50	USD	Point-in-time
Exercise of warrants, per share	`ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1`	$1.50	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-3.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.77M	USD	1 Quarter
Depreciation	`Depreciation`	$5.83K	USD	2 Qtrs
Depreciation	`Depreciation`	$6.07K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.93K	USD	1 Quarter
Depreciation	`Depreciation`	$3.00K	USD	1 Quarter
Equipment distribution as officer compensation	`EquipmentDistributionAsOfficerCompensation`	-	USD	2 Qtrs
Equipment distribution as officer compensation	`EquipmentDistributionAsOfficerCompensation`	$3.21K	USD	2 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-60.24K	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-433.86K	USD	2 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Equity based compensation	`ShareBasedCompensation`	$1.08M	USD	2 Qtrs
Equity based compensation	`ShareBasedCompensation`	$3.95M	USD	2 Qtrs
Fair value of issued warrant to acquire research and development	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Fair value of issued warrant to acquire research and development	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$543.93K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$40.76K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$49.17K	USD	2 Qtrs
Payment of long term deposit	`IncreaseDecreaseInDeposits`	-	USD	2 Qtrs
Payment of long term deposit	`IncreaseDecreaseInDeposits`	$42.12K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$870.19K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-254.46K	USD	2 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$1.11K	USD	2 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$-854.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.80M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.45M	USD	2 Qtrs
Payments of patent costs	`PaymentsToAcquireIntangibleAssets`	$258.23K	USD	2 Qtrs
Payments of patent costs	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.21K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62K	USD	2 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-1.62K	USD	2 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-266.44K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.27M	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.04M	USD	2 Qtrs
Proceeds from sale of Series E preferred stock	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$1.49M	USD	2 Qtrs
Proceeds from sale of Series E preferred stock	`ProceedsFromIssuanceOfRedeemablePreferredStock`	-	USD	2 Qtrs
Proceeds from exercise of warrants at $1.50 per share	`ProceedsFromWarrantExercises`	$427.90K	USD	2 Qtrs
Proceeds from exercise of warrants at $1.50 per share	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Proceeds from common stock subscription	`ProceedsFromOtherEquity`	-	USD	2 Qtrs
Proceeds from common stock subscription	`ProceedsFromOtherEquity`	$239.97K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.19M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.28M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-175.24K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.13M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$880.66K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$880.66K	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	-	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
Reclassify of derivative liability to equity	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$3.04M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.08M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	36.71M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	29.32M	shares	Point-in-time
Fair value of warrant issued to acquire research and development	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$3.04M	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.53M	USD	2 Qtrs
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$5.27M	USD	2 Qtrs
Sale of Series D preferred stock	`StockIssuedDuringPeriodValueOther`	$1.49M	USD	2 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.41M	USD	2 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$585.91K	USD	2 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$280.87K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$46.61K	USD	2 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$22.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.77M	USD	1 Quarter
Balance	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.08M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	36.71M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	29.32M	shares	Point-in-time

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