10-Q Filing

STREAMEX CORP. CIK: 1530766 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001185185-22-000641`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	biosig20220331_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 52 Stockholders Equity 23

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$8.66M	USD	Point-in-time
Cash	`Cash`	$11.66M	USD	Point-in-time
Inventory	`InventoryNet`	$2.03M	USD	Point-in-time
Inventory	`InventoryNet`	$1.88M	USD	Point-in-time
Prepaid expenses and vendor deposits	`PrepaidExpenseCurrent`	$354.00K	USD	Point-in-time
Prepaid expenses and vendor deposits	`PrepaidExpenseCurrent`	$311.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$656.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$652.00K	USD	Point-in-time
Right-to-use assets, net	`OperatingLeaseRightOfUseAsset`	$604.00K	USD	Point-in-time
Right-to-use assets, net	`OperatingLeaseRightOfUseAsset`	$519.00K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$322.00K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$326.00K	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$86.00K	USD	Point-in-time
Trademarks	`IndefiniteLivedTrademarks`	$1.00K	USD	Point-in-time
Trademarks	`IndefiniteLivedTrademarks`	$1.00K	USD	Point-in-time
Accounts payable and accrued expenses, related parties (in Dollars)	`AccountsPayableRelatedPartiesCurrent`	$100.00K	USD	Point-in-time
Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	105.00	shares	Point-in-time
Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	105.00	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$42.00K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$42.00K	USD	Point-in-time
Total assets	`Assets`	$15.52M	USD	Point-in-time
Total assets	`Assets`	$12.54M	USD	Point-in-time
Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	105.00	shares	Point-in-time
Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	105.00	shares	Point-in-time
Preferred Stock, liquidation preference (in Dollars)	`TemporaryEquityLiquidationPreference`	$105.00K	USD	Point-in-time
Preferred Stock, liquidation preference (in Dollars)	`TemporaryEquityLiquidationPreference`	$105.00K	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
Accounts payable and accrued expenses, including $317 and $40 to related parties as of December 31, 2020 and 2019, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.34M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts payable and accrued expenses, including $317 and $40 to related parties as of December 31, 2020 and 2019, respectively	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.18M	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
Deferred revenue, short term	`DeferredRevenueCurrent`	$32.00K	USD	Point-in-time
Deferred revenue, short term	`DeferredRevenueCurrent`	$29.00K	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
Dividends payable	`DividendsPayableCurrent`	$82.00K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$84.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Lease liability, short term	`OperatingLeaseLiabilityCurrent`	$252.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.57M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.56M	shares	Point-in-time
Lease liability, short term	`OperatingLeaseLiabilityCurrent`	$283.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.56M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.57M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.71M	USD	Point-in-time
Deferred revenue, long term	`DeferredRevenueNoncurrent`	-	USD	Point-in-time
Deferred revenue, long term	`DeferredRevenueNoncurrent`	$5.00K	USD	Point-in-time
Lease liability, long term	`OperatingLeaseLiabilityNoncurrent`	$373.00K	USD	Point-in-time
Lease liability, long term	`OperatingLeaseLiabilityNoncurrent`	$318.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$378.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$318.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.95M	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$105.00K	USD	Point-in-time
Convertible Preferred Stock	`TemporaryEquityCarryingAmountAttributableToParent`	$105.00K	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, 30,764,792 and 23,323,087 issued and outstanding as of December 31, 2020 and 2019, respectively	`CommonStockValue`	$36.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 200,000,000 shares, 30,764,792 and 23,323,087 issued and outstanding as of December 31, 2020 and 2019, respectively	`CommonStockValue`	$39.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$206.24M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$201.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-196.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-188.92M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$9.39M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$12.24M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$219.00K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$16.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.17M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.46M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.46M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.41M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$12.54M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$15.52M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$118.00K	USD	1 Quarter
Revenue	`Revenues`	$8.00K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$99.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$8.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$19.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$55.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.07M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.56M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.06M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.56M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.06M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.56M	USD	1 Quarter
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-102.00K	USD	1 Quarter
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-240.00K	USD	1 Quarter
Net loss attributable to BioSig Technologies, Inc.	`NetIncomeLoss`	$-7.96M	USD	1 Quarter
Net loss attributable to BioSig Technologies, Inc.	`NetIncomeLoss`	$-8.32M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$2.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$2.00K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.96M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.32M	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	$-0.26	USD	1 Quarter
Net loss per common share, basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted1`	$-0.22	USD	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	36.00M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	31.58M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-8.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.56M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$42.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$55.00K	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseCost`	$85.00K	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseCost`	$111.00K	USD	1 Quarter
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$2.00M	USD	1 Quarter
Equity based compensation	`AllocatedShareBasedCompensationExpense`	$2.52M	USD	1 Quarter
Change in fair value of modified options	`EquityFairValueAdjustment`	$-15.00K	USD	1 Quarter
Change in fair value of modified options	`EquityFairValueAdjustment`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$145.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-118.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-96.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-43.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$61.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-8.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.26M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$165.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-86.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-116.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.99M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.94M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$130.00K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-130.00K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-55.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.00M	USD	1 Quarter
Proceeds from sale of common stock under an At-the-market offering, net of issuance costs	`ProceedsFromOtherEquity`	-	USD	1 Quarter
Proceeds from sale of common stock under an At-the-market offering, net of issuance costs	`ProceedsFromOtherEquity`	$1.30M	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromWarrantExercises`	$28.00K	USD	1 Quarter
Proceeds from exercise of options	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.33M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.99M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.79M	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.27M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.48M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.66M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.66M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.27M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.48M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	-	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
Dividend payable on preferred stock charged to additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$2.00K	USD	1 Quarter
Dividend payable on preferred stock charged to additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$2.00K	USD	1 Quarter
Record right-to-use assets and related lease liability	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Record right-to-use assets and related lease liability	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$218.00K	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Sale of common stock, transactional costs	`PaymentsOfStockIssuanceCosts`	$3.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.17M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.41M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	35.57M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	39.56M	shares	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.78M	USD	1 Quarter
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.60M	USD	1 Quarter
Change in fair value of modified options	`OtherNoncashExpense`	$15.00K	USD	1 Quarter
Sale of subsidiary shares to non-controlling interest	`StockholdersEquityOther`	$3.00M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$399.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$742.00K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$2.00K	USD	1 Quarter
Preferred Stock dividend	`DividendsPreferredStock`	$2.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.56M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.17M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.41M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	35.57M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	39.56M	shares	Point-in-time

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