10-Q Filing

AELUMA, INC. CIK: 1828805 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-039520`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	f10q0323_aelumainc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 68 Cash Flow Statement 44 Stockholders Equity 24

Balance Sheet 70 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
Cash	`Cash`	$4.86M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$3.74M	USD	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$662.46K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$268.20K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$199.36K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaids & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.66K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.32M	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
Equipment	`PropertyPlantAndEquipmentOther`	$798.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.25M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$619.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29,067.00	shares	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$541.56K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.25M	shares	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$4.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.65M	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$96.99K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$242.47K	USD	Point-in-time
Total fixed assets	`NetFixedAssets`	$1.10M	USD	Point-in-time
Total fixed assets	`NetFixedAssets`	$986.99K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$10.58K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.83K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$476.37K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$382.46K	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`	$6.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$457.65K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$114.10K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$101.35K	USD	Point-in-time
Accrued expenses & other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$167.28K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$160.88K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$156.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$785.81K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$372.44K	USD	Point-in-time
Lease liability, long term portion	`FinanceLeaseLiability`	$337.89K	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`	$1.12M	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, 12,247,334 and 10,650,002 shares issued and outstanding at March 31, 2023 and June 30, 2022, respectively.	`CommonStockValue`	$1.07K	USD	Point-in-time
Common stock, par value $0.0001, and 50,000,000 shares authorized, 12,247,334 and 10,650,002 shares issued and outstanding at March 31, 2023 and June 30, 2022, respectively.	`CommonStockValue`	$1.23K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.68M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.70M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.93M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.83M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	3 Qtrs
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.37	USD	3 Qtrs
Revenue	`Revenues`	-	USD	3 Qtrs
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.20	USD	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.52M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.65M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.65M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.98M	shares	3 Qtrs
Research & development	`ResearchAndDevelopmentExpense`	$1.65M	USD	3 Qtrs
Research & development	`ResearchAndDevelopmentExpense`	$428.75K	USD	1 Quarter
Research & development	`ResearchAndDevelopmentExpense`	$343.13K	USD	1 Quarter
Research & development	`ResearchAndDevelopmentExpense`	$619.17K	USD	3 Qtrs
General & administrative	`GeneralAndAdministrativeExpense`	$2.00M	USD	3 Qtrs
General & administrative	`GeneralAndAdministrativeExpense`	$1.19M	USD	3 Qtrs
General & administrative	`GeneralAndAdministrativeExpense`	$446.98K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$841.61K	USD	1 Quarter
Facility	`Facility`	$-352.48K	USD	3 Qtrs
Facility	`Facility`	$-99.09K	USD	1 Quarter
Facility	`Facility`	$-314.90K	USD	3 Qtrs
Facility	`Facility`	$-103.50K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$243.12K	USD	3 Qtrs
Insurance	`GeneralInsuranceExpense`	$94.63K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$81.22K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$287.31K	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$4.29M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$1.57M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$2.37M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$970.41K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-970.41K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.29M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.37M	USD	3 Qtrs
Sub-lease rental income & other income	`OtherIncome`	$107.43K	USD	1 Quarter
Sub-lease rental income & other income	`OtherIncome`	$217.94K	USD	3 Qtrs
Sub-lease rental income & other income	`OtherIncome`	$227.59K	USD	3 Qtrs
Sub-lease rental income & other income	`OtherIncome`	$55.69K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$269.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$349.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$744.00	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$1.69K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$107.69K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$218.69K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$229.28K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$56.04K	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-914.38K	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.07M	USD	3 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.46M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.14M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.14M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-914.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.07M	USD	3 Qtrs
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.37	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`	$-0.13	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.52M	shares	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`	10.98M	shares	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.14M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-914.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.46M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.07M	USD	3 Qtrs
Issuance of shares for services	`IssuanceOfSharesForServices`	$300.00K	USD	3 Qtrs
Issuance of shares for services	`IssuanceOfSharesForServices`	-	USD	3 Qtrs
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$405.30K	USD	3 Qtrs
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$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`	$304.55K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$70.78K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$52.18K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$147.74K	USD	3 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$84.09K	USD	3 Qtrs
Change in prepaids & other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$171.70K	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$343.55K	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$30.41K	USD	3 Qtrs
Change in accrued expenses & other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$105.25K	USD	3 Qtrs
Change in accrued expenses & other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$42.91K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.70M	USD	3 Qtrs
Purchase of equipment	`PurchaseOfEquipmentCIP`	$178.38K	USD	3 Qtrs
Purchase of equipment	`PurchaseOfEquipmentCIP`	$285.38K	USD	3 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$431.12K	USD	3 Qtrs
Payment for leasehold improvements	`PaymentsToAcquireIntangibleAssets`	$77.20K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-716.50K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-255.58K	USD	3 Qtrs
Proceeds from Private Placement	`ProceedsFromIssuanceInitialPublicOffering`	$206.93K	USD	3 Qtrs
Proceeds from Private Placement	`ProceedsFromIssuanceInitialPublicOffering`	$4.07M	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`	$161.93K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.07M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.12M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.97M	USD	3 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.79M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.74M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.86M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.82M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.79M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.74M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.86M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.82M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Net of offering costs	`PaymentsOfStockIssuanceCosts`	$270.86K	USD	3 Qtrs
Net of offering costs	`PaymentsOfStockIssuanceCosts`	$23.07K	USD	3 Qtrs
Net of offering costs	`PaymentsOfStockIssuanceCosts`	$146.47K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.15M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.39M	USD	Point-in-time
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$206.93K	USD	3 Qtrs
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$4.07M	USD	3 Qtrs
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$2.64M	USD	1 Quarter
Other offering costs	`StockIssuedDuringPeriodValueOther`	$-45.00K	USD	3 Qtrs
Issuance of shares for services	`StockIssuedDuringPeriodValueIssuedForServices`	$300.00K	USD	3 Qtrs
Issuance of shares for services (in Shares)	`StockIssuedDuringPeriodSharesIssuedForServices`	150,000.00	shares	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$304.55K	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$70.78K	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$41.11K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$127.10K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.14M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-914.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.46M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.07M	USD	3 Qtrs
Balance	`StockholdersEquity`	$6.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.70M	USD	Point-in-time

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