10-Q Filing

AELUMA, INC. CIK: 1828805 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-085258`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	f10q0923_aeluma_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 31 Cash Flow Statement 38 Stockholders Equity 13

Balance Sheet 72 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 and cash equivalents	`CashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$10.90K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$189.24K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$53.03K	USD	Point-in-time
Deferred compensation, current portion	`DeferredCostsCurrent`	$27.93K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$224.01K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.94K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.17M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	85,653.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.17M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.82M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$1.21M	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$1.22M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$546.86K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$547.37K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$369.48K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$300.44K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.39M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$9.83K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$9.08K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$1.05M	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$351.01K	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCosts`	$13.15K	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`	$6.50M	USD	Point-in-time
Total assets	`Assets`	$7.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$461.80K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$319.89K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$156.94K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$133.09K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$121.89K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$162.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$757.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$598.72K	USD	Point-in-time
Lease liability, long term portion	`FinanceLeaseLiability`	$1.04M	USD	Point-in-time
Lease liability, long term portion	`FinanceLeaseLiability`	$296.45K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.05M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, and none issued and outstanding at September 30, 2023 and June 30, 2023	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, and none issued and outstanding at September 30, 2023 and June 30, 2023	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 50,000,000 shares authorized at September 30, 2023 and June 30, 2023, and 12,167,750 and 12,817,500 shares issued and outstanding at September 30, 2023 and June 30, 2023, respectively	`CommonStockValue`	$1.22K	USD	Point-in-time
Common stock, $0.0001 par value; 50,000,000 shares authorized at September 30, 2023 and June 30, 2023, and 12,167,750 and 12,817,500 shares issued and outstanding at September 30, 2023 and June 30, 2023, respectively	`CommonStockValue`	$1.28K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.11M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.50M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.16M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Loss per share -diluted	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$32.40K	USD	1 Quarter
Loss per share -diluted	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.65M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.67M	shares	1 Quarter
Cost of revenue	`CostOfRevenue`	$15.14K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$836.48K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$834.87K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$730.21K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$665.10K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.57M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.52M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.48M	USD	1 Quarter
Sub-lease income and other income	`OtherIncome`	$36.35K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$295.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$402.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$402.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$36.65K	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.53M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.48M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Loss per share -basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Loss per share -basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.67M	shares	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$11.96K	USD	1 Quarter
Amortization of deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$274.98K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$70.09K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$240.58K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$39.51K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$69.78K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-178.34K	USD	1 Quarter
Change in prepaids and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$204.07K	USD	1 Quarter
Change in prepaids and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$585.57K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-141.91K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$65.84K	USD	1 Quarter
Change in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$348.46K	USD	1 Quarter
Change in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$24.27K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.30M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.32M	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquireOtherProductiveAssets`	$6.60K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquireOtherProductiveAssets`	$4.83K	USD	1 Quarter
Payment for leasehold improvements	`PaymentsForCapitalImprovements`	$503.00	USD	1 Quarter
Payment for leasehold improvements	`PaymentsForCapitalImprovements`	$47.83K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.10K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.66K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.37M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.31M	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.07M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.74M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.37M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.76M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.07M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.74M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.37M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.76M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.11M	USD	Point-in-time
Repurchase of commons stock	`StockRepurchasedDuringPeriodValue`	$4.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$70.09K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$240.58K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.11M	USD	Point-in-time

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