10-Q Filing

AELUMA, INC. CIK: 1828805 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-071525`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0922_aelumainc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 34 Cash Flow Statement 40 Stockholders Equity 15

Balance Sheet 69 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$3.74M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$2.37M	USD	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$662.46K	USD	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$698.52K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$313.23K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.66K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.38M	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`	10.65M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.65M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$619.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.65M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$624.44K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$464.36K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$512.20K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$96.99K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$135.75K	USD	Point-in-time
Total fixed assets	`NetFixedAssets`	$1.00M	USD	Point-in-time
Total fixed assets	`NetFixedAssets`	$986.99K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$12.83K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$12.08K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$445.14K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$476.37K	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCosts`	$11.03K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.01K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.01K	USD	Point-in-time
Total assets	`Assets`	$5.93M	USD	Point-in-time
Total assets	`Assets`	$4.85M	USD	Point-in-time
Accounts payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$114.10K	USD	Point-in-time
Accounts payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$179.94K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$457.51K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$101.35K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$158.28K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$156.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$795.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$372.44K	USD	Point-in-time
Lease liability, long term portion	`FinanceLeaseLiability`	$418.48K	USD	Point-in-time
Lease liability, long term portion	`FinanceLeaseLiability`	$458.70K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$831.14K	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 shares issued and outstanding at September 30, 2022 and June 30, 2022.	`CommonStockValue`	$1.07K	USD	Point-in-time
Common stock, par value $0.0001, and 50,000,000 shares authorized, 10,650,002 shares issued and outstanding at September 30, 2022 and June 30, 2022.	`CommonStockValue`	$1.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.10M	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 stockholders equity	`StockholdersEquity`	$3.64M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.93M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.85M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.65M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.65M	shares	1 Quarter
Research & development	`ResearchAndDevelopmentExpense`	$98.44K	USD	1 Quarter
Research & development	`ResearchAndDevelopmentExpense`	$629.46K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$696.67K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$402.78K	USD	1 Quarter
Facility	`Facility`	$-111.41K	USD	1 Quarter
Facility	`Facility`	$-144.06K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$82.14K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$96.50K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$694.78K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-694.78K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.57M	USD	1 Quarter
Sub-lease rental income & other income	`OtherIncome`	$36.35K	USD	1 Quarter
Sub-lease rental income & other income	`OtherIncome`	$90.35K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$774.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$295.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$91.13K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$36.65K	USD	1 Quarter
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.53M	USD	1 Quarter
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-603.65K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-603.65K	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-603.65K	USD	1 Quarter
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-25.02K	USD	1 Quarter
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$165.16K	USD	1 Quarter
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	-	USD	1 Quarter
Partial refund of facility lease deposit	`PartialRefundOfFacilityLeaseDeposit`	$52.05K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$29.67K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$70.09K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$39.51K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	-	USD	1 Quarter
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$210.62K	USD	1 Quarter
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$285.57K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$65.84K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-46.73K	USD	1 Quarter
Change in accrued expenses & other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$348.46K	USD	1 Quarter
Change in accrued expenses & other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$122.07K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-492.05K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.32M	USD	1 Quarter
Purchase of equipment & CIP	`PurchaseOfEquipmentCIP`	$4.83K	USD	1 Quarter
Purchase of equipment & CIP	`PurchaseOfEquipmentCIP`	$117.34K	USD	1 Quarter
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$47.83K	USD	1 Quarter
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$141.57K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-258.91K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.66K	USD	1 Quarter
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$206.93K	USD	1 Quarter
Proceeds from Private Placement, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	1 Quarter
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	-	USD	1 Quarter
Payment of other offering costs	`PaymentsForRepurchaseOfInitialPublicOffering`	$45.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$161.93K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-589.03K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.37M	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.20M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.74M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.79M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.37M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.20M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.74M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.79M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.37M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Net of in offering costs	`ProceedsFromDebtNetOfIssuanceCosts`	$23.07K	USD	1 Quarter
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.64M	USD	Point-in-time
Issuance of shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$206.93K	USD	1 Quarter
Other offering costs	`StockIssuedDuringPeriodValueOther`	$-45.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$70.09K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$29.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-603.65K	USD	1 Quarter
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.64M	USD	Point-in-time

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