10-Q Filing

STREAMEX CORP. CIK: 1530766 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001185185-18-001899`
Period End Date	20180930
Filing Date	20181102
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	bsgm-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 56 Cash Flow Statement 63 Stockholders Equity 21

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.55M	USD	Point-in-time
Cash	`Cash`	$7.28M	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$8.92K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$116.94K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$146.29K	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$27.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.58K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.72K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$227.85K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trademarks	`IndefiniteLivedTrademarks`	$850.00	USD	Point-in-time
Trademarks	`IndefiniteLivedTrademarks`	-	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$17.08K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$61.70K	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
Total assets	`Assets`	$1.70M	USD	Point-in-time
Total assets	`Assets`	$7.75M	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
Accounts payable and accrued expenses, including $8,924 and $27,375 to related parties as of September 30, 2018 and December 31, 2017, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$463.72K	USD	Point-in-time
Accounts payable and accrued expenses, including $8,924 and $27,375 to related parties as of September 30, 2018 and December 31, 2017, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$473.10K	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`	40.33M	shares	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$256.64K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$447.90K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.34M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.34M	shares	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$2.36M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$4.10M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	$652.05K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesCurrent`	-	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
Derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability`	$685.92K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$720.36K	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$475.00K	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$985.00K	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, 16,337,936 and 11,728,482 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$11.73K	USD	Point-in-time
Common stock, $0.001 par value, authorized 200,000,000 shares, 16,337,936 and 11,728,482 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$16.34K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$71.57M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$53.23M	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`	$-56.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.04M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$6.55M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$7.75M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.70M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$1.12M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$744.17K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.06M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.80M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.41M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.49M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$786.95K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.02M	USD	3 Qtrs
Depreciation	`Depreciation`	$8.90K	USD	3 Qtrs
Depreciation	`Depreciation`	$2.98K	USD	1 Quarter
Depreciation	`Depreciation`	$2.83K	USD	1 Quarter
Depreciation	`Depreciation`	$8.81K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.56M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.91M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.83M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.83M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.15M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.91M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.56M	USD	3 Qtrs
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$113.72K	USD	1 Quarter
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain (loss) on change in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-320.13K	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$15.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$69.00	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$1.94K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$2.29K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-8.15M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.55M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.15M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.15M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$194.43K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$22.31K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$68.92K	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$780.35K	USD	3 Qtrs
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.82M	USD	1 Quarter
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.35M	USD	1 Quarter
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.22M	USD	3 Qtrs
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.34M	USD	3 Qtrs
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.89	USD	3 Qtrs
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.83	USD	3 Qtrs
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.43M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.78M	shares	3 Qtrs
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.53M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.91M	shares	3 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-11.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.15M	USD	3 Qtrs
Depreciation and amortization	`Depreciation`	$8.90K	USD	3 Qtrs
Depreciation and amortization	`Depreciation`	$2.98K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$2.83K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$8.81K	USD	3 Qtrs
Equipment distribution as officer compensation	`EquipmentDistributionAsOfficerCompensation`	-	USD	3 Qtrs
Equipment distribution as officer compensation	`EquipmentDistributionAsOfficerCompensation`	$3.21K	USD	3 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$113.72K	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-320.13K	USD	3 Qtrs
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Equity based compensation	`ShareBasedCompensation`	$4.34M	USD	3 Qtrs
Equity based compensation	`ShareBasedCompensation`	$1.14M	USD	3 Qtrs
Fair value of issued warrant to acquire research and development	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Fair value of issued warrant to acquire research and development	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$543.93K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$16.22K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$29.35K	USD	3 Qtrs
Security deposit	`IncreaseDecreaseInDeposits`	$8.14K	USD	3 Qtrs
Security deposit	`IncreaseDecreaseInDeposits`	$-44.62K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$930.11K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$-10.78K	USD	3 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$1.61K	USD	3 Qtrs
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$-1.40K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.22M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.29M	USD	3 Qtrs
Payments of patent costs	`PaymentsToAcquireIntangibleAssets`	$227.85K	USD	3 Qtrs
Payments of patent costs	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Payment of trademark costs	`PaymentsToAcquireOtherProductiveAssets`	-	USD	3 Qtrs
Payment of trademark costs	`PaymentsToAcquireOtherProductiveAssets`	$850.00	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.79K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.67K	USD	3 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-6.79K	USD	3 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-250.37K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.12M	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$9.14M	USD	3 Qtrs
Proceeds from sale of Series E preferred stock	`ProceedsFromIssuanceOfRedeemablePreferredStock`	-	USD	3 Qtrs
Proceeds from sale of Series E preferred stock	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$1.49M	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$2.02M	USD	3 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from exercise of options	`ProceedsFromStockOptionsExercised`	$615.60K	USD	3 Qtrs
Proceeds from common stock subscription	`ProceedsFromOtherEquity`	-	USD	3 Qtrs
Proceeds from common stock subscription	`ProceedsFromOtherEquity`	$279.94K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.40M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.27M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.73M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-821.61K	USD	3 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`	$1.06M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.28M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$234.28K	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`	$1.06M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.28M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$234.28K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	-	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
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`	$6.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	11.73M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	16.34M	shares	Point-in-time
Fair value of warrant issued to acquire research and development	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$3.04M	USD	3 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.77M	USD	3 Qtrs
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$9.14M	USD	3 Qtrs
Sale of Series D preferred stock	`StockIssuedDuringPeriodValueOther`	$1.49M	USD	3 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.57M	USD	3 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$194.43K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$22.31K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$780.35K	USD	3 Qtrs
Preferred Stock dividend	`DividendsPreferredStock`	$68.92K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.55M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.15M	USD	3 Qtrs
Balance	`StockholdersEquity`	$6.55M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	11.73M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	16.34M	shares	Point-in-time

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