10-Q Filing

AELUMA, INC. CIK: 1828805 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-007761`
Period End Date	20211231
Filing Date	20220215
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	f10q1221_aelumainc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 36 Cash Flow Statement 45 Stockholders Equity 12

Balance Sheet 67 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.48M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$38.30K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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
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 issued	`CommonStockSharesIssued`	10.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.54M	shares	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$240.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.65M	shares	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.52K	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`	$6.39M	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`	$381.63K	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$115.89K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$12.42K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$316.93K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$16.89K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Net fixed assets	`NetFixedAssets`	$128.31K	USD	Point-in-time
Net fixed assets	`NetFixedAssets`	$681.67K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$14.33K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$14.83K	USD	Point-in-time
Right of use asset-facility	`OperatingLeaseRightOfUseAsset`	$729.18K	USD	Point-in-time
Right of use asset-facility	`OperatingLeaseRightOfUseAsset`	$653.76K	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCosts`	$339.54K	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCosts`	$673.50K	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`	$8.09M	USD	Point-in-time
Total Assets	`Assets`	$9.08M	USD	Point-in-time
Accounts payable	`ConvertibleNotesPayableCurrent`	$85.01K	USD	Point-in-time
Accounts payable	`ConvertibleNotesPayableCurrent`	$68.58K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$161.21K	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`	$399.39K	USD	Point-in-time
Lease Liability-Long Term Portion	`FinanceLeaseLiability`	$610.46K	USD	Point-in-time
Lease Liability-Long Term Portion	`FinanceLeaseLiability`	$539.11K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$938.50K	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 December 31, 2021 and June 30, 2021, respectively.	`CommonStockValue`	$1.05K	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 December 31, 2021 and June 30, 2021, respectively.	`CommonStockValue`	$1.07K	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`	$-230.92K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.46M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$7.15M	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`	$8.09M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$8.95K	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$9.66K	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$1.40M	USD	2 Qtrs
Operating Expenses	`OperatingExpenses`	$704.81K	USD	1 Quarter
Sub-lease and other income	`OtherIncome`	$81.55K	USD	1 Quarter
Sub-lease and other income	`OtherIncome`	$171.90K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.34K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$571.00	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$173.25K	USD	2 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$82.12K	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.95K	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.66K	USD	2 Qtrs
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.23M	USD	2 Qtrs
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-622.70K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-8.95K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-622.70K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.66K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.23M	USD	2 Qtrs
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
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`	$-0.12	USD	2 Qtrs
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	10.65M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	10.65M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.16M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	2.33M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-8.95K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-622.70K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.66K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.23M	USD	2 Qtrs
Amortization of deferred compensation	`StockbasedCompensation`	-	USD	2 Qtrs
Amortization of deferred compensation	`StockbasedCompensation`	$333.95K	USD	2 Qtrs
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	$52.05K	USD	2 Qtrs
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	-	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$29.67K	USD	2 Qtrs
Amortization of ROU asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$75.42K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$17.39K	USD	2 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$218.27K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$16.44K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$2.89K	USD	2 Qtrs
Change in lease liability	`IncreaseDecreaseInChangeInLeaseLiability`	$75.32K	USD	2 Qtrs
Change in lease liability	`IncreaseDecreaseInChangeInLeaseLiability`	-	USD	2 Qtrs
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$99.83K	USD	2 Qtrs
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$9.21K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.43K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-895.18K	USD	2 Qtrs
Purchase of equipment	`PurchaseOfDomainName`	$265.74K	USD	2 Qtrs
Purchase of equipment	`PurchaseOfDomainName`	$106.23K	USD	2 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$304.51K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-106.23K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-570.25K	USD	2 Qtrs
Proceeds from Founder Loans	`ProceedsFromConstructionLoansPayable`	$113.50K	USD	2 Qtrs
Proceeds from advances	`ProceedsFromAdvancesForConstruction`	$5.70K	USD	2 Qtrs
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	$20.00K	USD	2 Qtrs
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	$206.93K	USD	2 Qtrs
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	$45.00K	USD	2 Qtrs
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$161.93K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$139.20K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$35.40K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.30M	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.48M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.30K	USD	Point-in-time
Cash, beginning 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`	$5.48M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.30K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Net of in offering costs	`OtherExpenses`	$23.07K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.15M	USD	Point-in-time
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`	$29.67K	USD	1 Quarter
Other offering costs	`OtherOfferingCosts`	$-45.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-622.70K	USD	1 Quarter
Net loss	`ProfitLoss`	$-603.65K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.15M	USD	Point-in-time
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.