10-Q Filing

AELUMA, INC. CIK: 1828805 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001213900-24-012610`
Period End Date	20231231
Filing Date	20240212
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	f10q1223_aeluma_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 64 Cash Flow Statement 45 Stockholders Equity 27

Balance Sheet 73 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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$189.24K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$192.99K	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$155.65K	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
Total current assets	`AssetsCurrent`	$2.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.82M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.17M	shares	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$1.21M	USD	Point-in-time
Equipment	`PropertyPlantAndEquipmentOther`	$1.37M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$546.86K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$546.86K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$430.73K	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`	$1.49M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$9.83K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$8.33K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$351.01K	USD	Point-in-time
Right of use asset - facility	`OperatingLeaseRightOfUseAsset`	$1.01M	USD	Point-in-time
Deferred compensation, long term portion	`DeferredCompensationNonCurrent`	$6.17K	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`	$7.16M	USD	Point-in-time
Total assets	`Assets`	$5.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$162.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$461.80K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$163.90K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$133.09K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$162.21K	USD	Point-in-time
Lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$124.14K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$757.10K	USD	Point-in-time
Lease liability, long term portion	`OperatingLeaseLiabilityNoncurrent`	$1.01M	USD	Point-in-time
Lease liability, long term portion	`OperatingLeaseLiabilityNoncurrent`	$296.45K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.46M	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 December 31, 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 December 31, 2023 and June 30, 2023	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 50,000,000 shares authorized at December 31, 2023 and June 30, 2023, and 12,167,930 and 12,817,500 shares issued and outstanding at December 31, 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 December 31, 2023 and June 30, 2023, and 12,167,930 and 12,817,500 shares issued and outstanding at December 31, 2023 and June 30, 2023, respectively	`CommonStockValue`	$1.28K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.87M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.11M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.16M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.33M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Loss per share -diluted	`EarningsPerShareDiluted`	$-0.21	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Loss per share -diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Loss per share -diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Loss per share -diluted	`EarningsPerShareDiluted`	$-0.24	USD	2 Qtrs
Revenue	`Revenues`	$295.39K	USD	2 Qtrs
Revenue	`Revenues`	$262.99K	USD	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.42M	shares	2 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.17M	shares	1 Quarter
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.72M	shares	2 Qtrs
Weighted average common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.80M	shares	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$151.91K	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$136.77K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$651.10K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$767.78K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.49M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.12M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$603.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.27M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$387.11K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.15M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.39M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$2.91M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$2.72M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.13M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.61M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.72M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.15M	USD	1 Quarter
Sub-lease income & other income	`SubleaseIncome`	-	USD	1 Quarter
Sub-lease income & other income	`SubleaseIncome`	$74.17K	USD	1 Quarter
Sub-lease income & other income	`SubleaseIncome`	-	USD	2 Qtrs
Sub-lease income & other income	`SubleaseIncome`	$110.52K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$681.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$279.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$180.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$475.00	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$681.00	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$279.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$74.34K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$110.99K	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.61M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.61M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.08M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	1 Quarter
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 loss	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	2 Qtrs
Loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	2 Qtrs
Loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.42M	shares	2 Qtrs
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.80M	shares	1 Quarter
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	2 Qtrs
Weighted average common shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.17M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Proceeds from private placement, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$124.39K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Amortization of deferred compensation	`OtherAmortizationOfDeferredCharges`	$6.98K	USD	1 Quarter
Amortization of deferred compensation	`OtherAmortizationOfDeferredCharges`	$491.95K	USD	2 Qtrs
Amortization of deferred compensation	`OtherAmortizationOfDeferredCharges`	$18.94K	USD	2 Qtrs
Amortization of deferred compensation	`OtherAmortizationOfDeferredCharges`	$216.98K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$177.45K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$376.50K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$93.35K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$131.78K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.75K	USD	2 Qtrs
Change in prepaids and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$135.70K	USD	2 Qtrs
Change in prepaids and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$191.64K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.28K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-298.97K	USD	2 Qtrs
Change in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-19.00K	USD	2 Qtrs
Change in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$41.70K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.48M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.00M	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.63K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$164.29K	USD	2 Qtrs
Payment for leasehold improvements	`PaymentForLeaseholdImprovements`	-	USD	2 Qtrs
Payment for leasehold improvements	`PaymentForLeaseholdImprovements`	$77.20K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-164.29K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-103.83K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.00K	USD	2 Qtrs
Proceeds from Private Placement, net of $124,385 offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	$1.43M	USD	2 Qtrs
Proceeds from Private Placement, net of $124,385 offering costs	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00K	USD	2 Qtrs
Net cash (used in) 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`	$-2.65M	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.06M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.74M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.42M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.07M	USD	Point-in-time
Cash, end 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`	$2.42M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.07M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Net offering costs	`PaymentsOfStockIssuanceCosts`	$124.39K	USD	1 Quarter
Net offering costs	`PaymentsOfStockIssuanceCosts`	$124.39K	USD	2 Qtrs
Balance	`StockholdersEquity`	$4.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.11M	USD	Point-in-time
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$1.43M	USD	1 Quarter
Issuance of common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$1.43M	USD	2 Qtrs
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$300.00K	USD	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$300.00K	USD	2 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$4.00K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$107.36K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$376.50K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$177.45K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$135.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Balance	`StockholdersEquity`	$4.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.87M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.64M	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.