10-Q Filing

AELUMA, INC. CIK: 1828805 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-026917`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	f10q0322_aelumainc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 51 Cash Flow Statement 46 Stockholders Equity 14

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
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`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$158.45K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.82M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.52K	USD	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$106.61K	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`	10.65M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.58M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.47M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.65M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$115.89K	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$401.27K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.54M	shares	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$443.54K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.54M	shares	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$12.42K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$50.93K	USD	Point-in-time
Net fixed assets	`NetFixedAssets`	$128.31K	USD	Point-in-time
Net fixed assets	`NetFixedAssets`	$793.88K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$14.83K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$13.58K	USD	Point-in-time
Right of use asset-facility	`OperatingLeaseRightOfUseAsset`	$615.94K	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`	$176.20K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$65.07K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.01K	USD	Point-in-time
Total Assets	`Assets`	$7.20M	USD	Point-in-time
Total Assets	`Assets`	$9.08M	USD	Point-in-time
Accounts payable	`ConvertibleNotesPayableCurrent`	$68.58K	USD	Point-in-time
Accounts payable	`ConvertibleNotesPayableCurrent`	$98.85K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$166.48K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$61.38K	USD	Point-in-time
Lease liability-current portion	`OperatingLeaseLiabilityCurrent`	$157.14K	USD	Point-in-time
Lease liability-current portion	`OperatingLeaseLiabilityCurrent`	$153.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$287.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$418.49K	USD	Point-in-time
Lease Liability-Long Term Portion	`FinanceLeaseLiability`	$610.46K	USD	Point-in-time
Lease Liability-Long Term Portion	`FinanceLeaseLiability`	$501.34K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$919.84K	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.	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock par value $0.0001, 10,000,000 authorized, none issued and outstanding.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock par value $0.0001, and 50,000,000 shares authorized, 10,650,002 and 10,535,002 shares issued and outstanding at March 31, 2022 and June 30, 2021, respectively.	`CommonStockValue`	$1.05K	USD	Point-in-time
Common Stock par value $0.0001, and 50,000,000 shares authorized, 10,650,002 and 10,535,002 shares issued and outstanding at March 31, 2022 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`	$8.65M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.37M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-230.92K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$7.15M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$6.28M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$8.19M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$7.77M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.08M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$7.20M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
Research & Development	`ResearchAndDevelopmentExpense`	$268.98K	USD	3 Qtrs
Research & Development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research & Development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research & Development	`ResearchAndDevelopmentExpense`	$177.18K	USD	1 Quarter
General & Administrative	`GeneralAndAdministrativeExpense`	$2.03M	USD	3 Qtrs
General & Administrative	`GeneralAndAdministrativeExpense`	$13.66K	USD	1 Quarter
General & Administrative	`GeneralAndAdministrativeExpense`	$23.32K	USD	3 Qtrs
General & Administrative	`GeneralAndAdministrativeExpense`	$739.52K	USD	1 Quarter
Other Expenses	`OtherNonoperatingIncomeExpense`	$-71.34K	USD	3 Qtrs
Other Expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other Expenses	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Other Expenses	`OtherNonoperatingIncomeExpense`	$-53.72K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$970.41K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$23.32K	USD	3 Qtrs
Total Expenses	`OperatingExpenses`	$2.37M	USD	3 Qtrs
Total Expenses	`OperatingExpenses`	$13.66K	USD	1 Quarter
Sub-lease and other income	`OtherIncome`	$55.69K	USD	1 Quarter
Sub-lease and other income	`OtherIncome`	$227.59K	USD	3 Qtrs
Sub-lease and other income	`OtherIncome`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.69K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$349.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	-	USD	3 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$56.04K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$229.28K	USD	3 Qtrs
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.32K	USD	3 Qtrs
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.66K	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.14M	USD	3 Qtrs
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-914.38K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$800.00	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-914.38K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-14.46K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.14M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-24.12K	USD	3 Qtrs
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	3 Qtrs
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic and Diluted Loss Per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	3.27M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.84M	shares	3 Qtrs
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	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-914.38K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-14.46K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.14M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-24.12K	USD	3 Qtrs
Amortization of deferred compensation	`StockbasedCompensation`	-	USD	3 Qtrs
Amortization of deferred compensation	`StockbasedCompensation`	$497.30K	USD	3 Qtrs
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	-	USD	3 Qtrs
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	$52.05K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$70.78K	USD	3 Qtrs
Amortization of ROU asset	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$113.24K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$52.18K	USD	3 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$84.09K	USD	3 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$80.86K	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$3.46K	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$30.41K	USD	3 Qtrs
Change in lease liability	`IncreaseDecreaseInChangeInLeaseLiability`	-	USD	3 Qtrs
Change in lease liability	`IncreaseDecreaseInChangeInLeaseLiability`	$113.09K	USD	3 Qtrs
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$105.10K	USD	3 Qtrs
Change in accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$22.37K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.16K	USD	3 Qtrs
Purchase of equipment & CIP	`PurchaseOfDomainName`	$285.38K	USD	3 Qtrs
Purchase of equipment & CIP	`PurchaseOfDomainName`	$109.68K	USD	3 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$431.12K	USD	3 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-109.68K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-716.50K	USD	3 Qtrs
Proceeds from Founder Loans	`ProceedsFromConstructionLoansPayable`	$113.50K	USD	3 Qtrs
Proceeds from advances	`ProceedsFromAdvancesForConstruction`	$5.70K	USD	3 Qtrs
Proceeds from SAFE Notes	`ProceedsFromIssuanceOfCommonStock`	$205.00K	USD	3 Qtrs
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	$206.93K	USD	3 Qtrs
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	$20.20K	USD	3 Qtrs
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	-	USD	3 Qtrs
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	$45.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$344.40K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$161.93K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$155.56K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.97M	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$158.45K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.82M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.90K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$158.45K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.82M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Net of offering costs	`OtherExpenses`	$23.07K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.19M	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
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$41.11K	USD	1 Quarter
Other offering costs	`OtherOfferingCosts`	$-45.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-914.38K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-603.65K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-622.70K	USD	1 Quarter
Other	`StockIssuedDuringPeriodValueOther`	$137.00	USD	1 Quarter
Balance	`StockholdersEquity`	$7.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.77M	USD	Point-in-time

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