10-Q Filing

AELUMA, INC. CIK: 1828805 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-010870`
Period End Date	20221231
Filing Date	20230213
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q1222_aelumainc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 68 Cash Flow Statement 44 Stockholders Equity 25

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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$3.74M	USD	Point-in-time
Cash	`Cash`	$3.06M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$481.54K	USD	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$662.46K	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
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$219.30K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.43M	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`	11.32M	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`	11.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.65M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$646.24K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$464.36K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$541.56K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$96.99K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$188.83K	USD	Point-in-time
Total fixed assets	`NetFixedAssets`	$986.99K	USD	Point-in-time
Total fixed assets	`NetFixedAssets`	$998.97K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$12.83K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$11.33K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$476.37K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$413.84K	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCosts`	-	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`	$5.20M	USD	Point-in-time
Accounts payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$114.10K	USD	Point-in-time
Accounts payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$171.38K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$97.71K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$101.35K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$156.99K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$159.58K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$428.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$372.44K	USD	Point-in-time
Lease liability, long term portion	`FinanceLeaseLiability`	$378.22K	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`	$806.89K	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, 11,317,002 and 10,650,002 shares issued and outstanding at December 31, 2022 and June 30, 2022, respectively.	`CommonStockValue`	$1.13K	USD	Point-in-time
Common stock, par value $0.0001, and 50,000,000 shares authorized, 11,317,002 and 10,650,002 shares issued and outstanding at December 31, 2022 and June 30, 2022, respectively.	`CommonStockValue`	$1.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.68M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$7.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.93M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.20M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
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`	$-0.12	USD	2 Qtrs
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.24	USD	2 Qtrs
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
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`	10.72M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.80M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.65M	shares	2 Qtrs
Research & development	`ResearchAndDevelopmentExpense`	$177.60K	USD	1 Quarter
Research & development	`ResearchAndDevelopmentExpense`	$1.22M	USD	2 Qtrs
Research & development	`ResearchAndDevelopmentExpense`	$592.08K	USD	1 Quarter
Research & development	`ResearchAndDevelopmentExpense`	$276.04K	USD	2 Qtrs
General & administrative	`GeneralAndAdministrativeExpense`	$1.06M	USD	2 Qtrs
General & administrative	`GeneralAndAdministrativeExpense`	$745.83K	USD	2 Qtrs
General & administrative	`GeneralAndAdministrativeExpense`	$361.73K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$343.06K	USD	1 Quarter
Facility	`Facility`	$-104.40K	USD	1 Quarter
Facility	`Facility`	$-248.97K	USD	2 Qtrs
Facility	`Facility`	$-215.81K	USD	2 Qtrs
Facility	`Facility`	$-104.92K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$79.76K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$161.90K	USD	2 Qtrs
Insurance	`GeneralInsuranceExpense`	$192.68K	USD	2 Qtrs
Insurance	`GeneralInsuranceExpense`	$96.17K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.15M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.40M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$2.72M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$704.81K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-704.81K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.72M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.40M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.15M	USD	1 Quarter
Sub-lease rental income & other income	`OtherIncome`	$171.90K	USD	2 Qtrs
Sub-lease rental income & other income	`OtherIncome`	$81.55K	USD	1 Quarter
Sub-lease rental income & other income	`OtherIncome`	$110.52K	USD	2 Qtrs
Sub-lease rental income & other income	`OtherIncome`	$74.17K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.34K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$180.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$571.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$475.00	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$82.12K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$110.99K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$74.34K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$173.25K	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-622.70K	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.23M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.08M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.61M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-622.70K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.23M	USD	2 Qtrs
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	2 Qtrs
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.80M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-622.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.23M	USD	2 Qtrs
Issuance of shares for services	`IssuanceOfSharesForServices`	-	USD	2 Qtrs
Issuance of shares for services	`IssuanceOfSharesForServices`	$300.00K	USD	2 Qtrs
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$191.95K	USD	2 Qtrs
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$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`	$177.45K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$29.67K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$93.35K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$17.39K	USD	2 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$218.27K	USD	2 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$191.64K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$57.28K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$16.44K	USD	2 Qtrs
Change in accrued expenses & other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-19.00K	USD	2 Qtrs
Change in accrued expenses & other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$99.92K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-895.18K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.00M	USD	2 Qtrs
Purchase of equipment	`PurchaseOfEquipmentCIP`	$265.74K	USD	2 Qtrs
Purchase of equipment	`PurchaseOfEquipmentCIP`	$26.63K	USD	2 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$77.20K	USD	2 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$304.51K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-570.25K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-103.83K	USD	2 Qtrs
Proceeds from Private Placement	`ProceedsFromIssuanceInitialPublicOffering`	$1.43M	USD	2 Qtrs
Proceeds from Private Placement	`ProceedsFromIssuanceInitialPublicOffering`	$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`	$1.43M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-678.41K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.30M	USD	2 Qtrs
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`	$5.48M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.06M	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`	$5.48M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.06M	USD	Point-in-time

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Net of offering costs	`ProceedsFromDebtNetOfIssuanceCosts`	$23.07K	USD	2 Qtrs
Net of offering costs	`ProceedsFromDebtNetOfIssuanceCosts`	$124.39K	USD	1 Quarter
Net of offering costs	`ProceedsFromDebtNetOfIssuanceCosts`	$124.39K	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.64M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.77M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.19M	USD	Point-in-time
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$1.43M	USD	2 Qtrs
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$1.43M	USD	1 Quarter
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$206.93K	USD	2 Qtrs
Issuance of common stock, net of offering costs (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	517,000.00	shares	2 Qtrs
Other offering costs	`StockIssuedDuringPeriodValueOther`	$-45.00K	USD	2 Qtrs
Issuance of shares for services	`StockIssuedDuringPeriodValueIssuedForServices`	$300.00K	USD	2 Qtrs
Issuance of shares for services	`StockIssuedDuringPeriodValueIssuedForServices`	$300.00K	USD	1 Quarter
Issuance of shares for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	150,000.00	shares	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$107.36K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$29.67K	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$177.45K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-622.70K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.23M	USD	2 Qtrs
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.15M	USD	Point-in-time

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