10-Q Filing

AELUMA, INC. CIK: 1828805 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-059178`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	f10q0921_aelumainc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 18 Cash Flow Statement 37 Stockholders Equity 9

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
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`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.65M	shares	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$662.46K	USD	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$662.46K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.65M	shares	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.25K	USD	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$233.14K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.47M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.09M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$115.89K	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$233.23K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$153.99K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$12.42K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$14.83K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$14.83K	USD	Point-in-time
Right of use asset-facility	`OperatingLeaseRightOfUseAsset`	$691.50K	USD	Point-in-time
Right of use asset-facility	`OperatingLeaseRightOfUseAsset`	$729.18K	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCosts`	$673.50K	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCosts`	$508.34K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.01K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$65.07K	USD	Point-in-time
Total Assets	`Assets`	$9.08M	USD	Point-in-time
Total Assets	`Assets`	$8.71M	USD	Point-in-time
Accounts payable	`ConvertibleNotesPayableCurrent`	$68.58K	USD	Point-in-time
Accounts payable	`ConvertibleNotesPayableCurrent`	$21.84K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$183.40K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$61.38K	USD	Point-in-time
Lease liability-current portion	`OperatingLeaseLiabilityCurrent`	$153.16K	USD	Point-in-time
Lease liability-current portion	`OperatingLeaseLiabilityCurrent`	$157.14K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$287.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$358.41K	USD	Point-in-time
Lease Liability-Long Term Portion	`FinanceLeaseLiability`	$610.46K	USD	Point-in-time
Lease Liability-Long Term Portion	`FinanceLeaseLiability`	$576.81K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$935.22K	USD	Point-in-time
Total Liabilities	`Liabilities`	$897.55K	USD	Point-in-time
Preferred Stock par value $0.0001, 10,000,000 authorized, none issued and outstanding. Common Stock par value $0.0001, 50,000,000 shares authorized, 10,650,002 shares and 10,535,002 issued and outstanding at September 30, 2021 and June 30, 2021, respectively.	`CommonStockValue`	$1.07K	USD	Point-in-time
Preferred Stock par value $0.0001, 10,000,000 authorized, none issued and outstanding. Common Stock par value $0.0001, 50,000,000 shares authorized, 10,650,002 shares and 10,535,002 issued and outstanding at September 30, 2021 and June 30, 2021, respectively.	`CommonStockValue`	$1.05K	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$8.42M	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$8.61M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-834.57K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-230.92K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$7.77M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$8.19M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.08M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$8.71M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$715.00	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$694.78K	USD	1 Quarter
Sub-lease and other income	`OtherIncome`	$90.35K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$774.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$91.13K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-715.00	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-603.65K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-603.65K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-715.00	USD	1 Quarter
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	0.00	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.65M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-603.65K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-715.00	USD	1 Quarter
Amortization of deferred compensation	`StockbasedCompensation`	$165.16K	USD	1 Quarter
Amortization of deferred compensation	`StockbasedCompensation`	-	USD	1 Quarter
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	$52.05K	USD	1 Quarter
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$29.67K	USD	1 Quarter
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$210.62K	USD	1 Quarter
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	-	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-46.73K	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Change in accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.22M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-492.05K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-715.00	USD	1 Quarter
Purchase of equipment	`PurchaseOfDomainName`	-	USD	1 Quarter
Purchase of equipment	`PurchaseOfDomainName`	$117.34K	USD	1 Quarter
Payments for Leasehold Improvements	`PaymentsToAcquireIntangibleAssets`	$141.57K	USD	1 Quarter
Payments for Leasehold Improvements	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-258.91K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	1 Quarter
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	$206.93K	USD	1 Quarter
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	$45.00K	USD	1 Quarter
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	-	USD	1 Quarter
Net cash provided by Financing activities	`NetCashProvidedByUsedInFinancingActivities`	$161.93K	USD	1 Quarter
Net cash provided by Financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-715.00	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-588.96K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.18K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.20M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.18K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.20M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Net of in offering costs	`OtherExpenses`	$23.07K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.77M	USD	Point-in-time
Issuance of shares of common stock for cash (net of $23,070 in offering costs)	`StockIssuedDuringPeriodValueNewIssues`	$206.93K	USD	1 Quarter
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$29.67B	USD	1 Quarter
Other offering costs	`OtherOfferingCosts`	$-45.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-603.65K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.77M	USD	Point-in-time

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