10-Q Filing

STREAMEX CORP. CIK: 1530766 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001185185-19-000515`
Period End Date	20190331
Filing Date	20190415
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	bsgm-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 30 Cash Flow Statement 57 Stockholders Equity 32

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$4.45M	USD	Point-in-time
Cash	`Cash`	$10.93M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$156.58K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$178.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.63M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.56K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.35K	USD	Point-in-time
Right-to-use assets, net	`OperatingLeaseRightOfUseAsset`	$380.59K	USD	Point-in-time
Right-to-use assets, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$32.37K	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$14.63K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$324.40K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$268.80K	USD	Point-in-time
Trademarks	`IndefiniteLivedTrademarks`	$1.12K	USD	Point-in-time
Trademarks	`IndefiniteLivedTrademarks`	$850.00	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$54.24K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$54.24K	USD	Point-in-time
Total assets	`Assets`	$5.00M	USD	Point-in-time
Total assets	`Assets`	$11.90M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts payable and accrued expenses, including $14,632 and $32,366 to related parties as of March 31, 2019 and December 31, 2018, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$597.01K	USD	Point-in-time
Accounts payable and accrued expenses, including $14,632 and $32,366 to related parties as of March 31, 2019 and December 31, 2018, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$954.65K	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
Dividends payable	`DividendsPayableCurrent`	$242.91K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$253.45K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.87M	shares	Point-in-time
Lease liability, short term	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Lease liability, short term	`OtherLiabilitiesCurrent`	$158.84K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.33M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.87M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.33M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.01M	shares	Point-in-time
Lease liability, long term	`OperatingLeaseLiabilityNoncurrent`	$226.53K	USD	Point-in-time
Lease liability, long term	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total debt	`Liabilities`	$1.20M	USD	Point-in-time
Total debt	`Liabilities`	$1.24M	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$475.00K	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$475.00K	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, 20,009,985 and 16,868,783 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$20.01K	USD	Point-in-time
Common stock, $0.001 par value, authorized 200,000,000 shares, 20,009,985 and 16,868,783 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$16.87K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$86.47M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$74.04M	USD	Point-in-time
Common stock subscription	`CommonStockSharesSubscriptions`	$309.00K	USD	Point-in-time
Common stock subscription	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-70.73M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$3.32M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-590.30K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$10.19M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$11.90M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$5.00M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$1.49M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$862.42K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$862.42K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.38M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.77M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.90K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.64M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-5.88M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.64M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$6.12K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$85.00	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.87M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.64M	USD	Annual
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.64M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$305.05K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$10.54K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$305.05K	USD	Annual
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.94M	USD	Annual
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.88M	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.33	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	Annual
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.98M	shares	Annual
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.85M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.64M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$2.90K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$7.93K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$2.90K	USD	1 Quarter
Equity based compensation	`ShareBasedCompensation`	$388.71K	USD	1 Quarter
Equity based compensation	`ShareBasedCompensation`	$2.67M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.17K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-21.86K	USD	1 Quarter
Payment of long term deposit	`IncreaseDecreaseInDeposits`	-	USD	1 Quarter
Payment of long term deposit	`IncreaseDecreaseInDeposits`	$-5.39K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-354.27K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-134.71K	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-1.40K	USD	1 Quarter
Change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Deferred rent payable	`IncreaseDecreaseInDeferredCharges`	$-427.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.39M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.52M	USD	1 Quarter
Payments of patent costs	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Payments of patent costs	`PaymentsToAcquireIntangibleAssets`	$58.33K	USD	1 Quarter
Payment of trademark costs	`PaymentsToAcquireOtherProductiveAssets`	$275.00	USD	1 Quarter
Payment of trademark costs	`PaymentsToAcquireOtherProductiveAssets`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.42K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.64K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-73.02K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-3.64K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.62M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$270.00K	USD	1 Quarter
Proceeds from sale of Series E preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.49M	USD	1 Quarter
Proceeds from sale of Series E preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromStockOptionsExercised`	$1.46M	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from common stock subscription	`ProceedsFromOtherEquity`	-	USD	1 Quarter
Proceeds from common stock subscription	`ProceedsFromOtherEquity`	$115.47K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.88M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.08M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.48M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-512.48K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.93M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.45M	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`	$4.45M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.93M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Reclassify derivative liability to equity	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$3.04M	USD	1 Quarter
Dividends payable on preferred stock charged to additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$305.05K	USD	1 Quarter
Dividends payable on preferred stock charged to additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$10.54K	USD	1 Quarter
Right-to-use assets and lease liability recorded upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	1 Quarter
Right-to-use assets and lease liability recorded upon adoption of ASC 842	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$418.84K	USD	1 Quarter

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$-590.30K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.19M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	16.87M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.01M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	40.33M	shares	Point-in-time
Fair value reclassification	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$3.04M	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.33M	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$142.00K	USD	1 Quarter
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$270.00K	USD	1 Quarter
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$8.62M	USD	1 Quarter
Sale of common stock (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.16M	shares	1 Quarter
Common stock subscription received	`StockholdersEquityOther`	$115.47K	USD	1 Quarter
Common stock issued upon exercise of warrants at an average of $3.86 per share	`CommonStockIssuedUponExerciseOfWarrants`	$1.15M	USD	1 Quarter
Warrant subscription exercise received	`AdjustmentsToAdditionalPaidInCapitalOther`	$309.00K	USD	1 Quarter
Warrant subscription exercise received	`AdjustmentsToAdditionalPaidInCapitalOther`	$24.20K	USD	Point-in-time
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$336.81K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$246.71K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$305.05K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$10.54K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$305.05K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.64M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.64M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$-590.30K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.19M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	16.87M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.01M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	40.33M	shares	Point-in-time

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