10-Q Filing

AIM IMMUNOTECH INC. CIK: 946644 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-007053`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	heb-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 34 Cash Flow Statement 64 Stockholders Equity 11

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.41M	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`	$3.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$776.00K	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$682.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$695.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$29.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$24.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	-	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$764.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$610.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.22M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$995.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.88M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.66M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.22M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.59M	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$858.00K	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$858.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.37M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.26M	USD	Point-in-time
Total assets	`Assets`	$16.26M	USD	Point-in-time
Total assets	`Assets`	$14.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$850.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$741.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.97M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$222.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.65M	USD	Point-in-time
Note Payable	`LongTermNotesPayable`	-	USD	Point-in-time
Note Payable	`LongTermNotesPayable`	$1.83M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 13)	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 13)	`LongTermDebtNoncurrent`	$2.44M	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$971.00K	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$962.00K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.01 per share, authorized 5,000,000; issued and outstanding; none	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.01 per share, authorized 5,000,000; issued and outstanding; none	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 39,219,368 and 32,884,786, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 39,219,368 and 32,884,786, respectively	`CommonStockValue`	$39.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$317.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$321.63M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$11.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-311.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-308.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.21M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`SalesRevenueNet`	$84.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$56.00K	USD	1 Quarter
Production costs	`ManufacturingCosts`	$270.00K	USD	1 Quarter
Production costs	`ManufacturingCosts`	$208.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$855.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.66M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.63M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.33M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.24M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.57M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$4.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$26.00K	USD	1 Quarter
Interest expense and finance costs	`InterestAndDebtExpense`	-	USD	1 Quarter
Interest expense and finance costs	`InterestAndDebtExpense`	$139.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$-393.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$231.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	$223.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of short term marketable securities	`MarketableSecuritiesGainLoss`	-	USD	1 Quarter
Gain on sale of short term marketable securities	`MarketableSecuritiesGainLoss`	$1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.71M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.82M	USD	1 Quarter
Reclassification adjustments for loss on sales of short term marketable securities included in net loss	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustments for loss on sales of short term marketable securities included in net loss	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.00K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-12.00K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$12.00K	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.73M	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.81M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.34M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.27M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.71M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.82M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$216.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$261.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$-393.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$231.00K	USD	1 Quarter
Amortization and abandonment of patent and trademark rights	`AmortizationAndAbandonmentOfIntagibleAssets`	$13.00K	USD	1 Quarter
Amortization and abandonment of patent and trademark rights	`AmortizationAndAbandonmentOfIntagibleAssets`	$15.00K	USD	1 Quarter
Equity-based compensation	`StockOptionPlanExpense`	$52.00K	USD	1 Quarter
Equity-based compensation	`StockOptionPlanExpense`	$286.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	$223.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Amortization of Finance costs and debt settlement expenses	`AmortizationOfFinancingCosts`	$140.00K	USD	1 Quarter
Amortization of Finance costs and debt settlement expenses	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$41.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$385.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$328.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$245.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$103.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$161.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-348.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.54M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.99M	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$500.00K	USD	1 Quarter
Purchase of property, equipment and construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Purchase of property, equipment and construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of underutilized building	`ProceedsFromSaleOfBuildings`	$1.05M	USD	1 Quarter
Proceeds from sale of underutilized building	`ProceedsFromSaleOfBuildings`	-	USD	1 Quarter
Additions to patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$14.00K	USD	1 Quarter
Additions to patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$11.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.04M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$486.00K	USD	1 Quarter
Proceeds from lease financing obligation	`SaleLeasebackTransactionGrossProceedsFinancingActivities`	$4.08M	USD	1 Quarter
Proceeds from lease financing obligation	`SaleLeasebackTransactionGrossProceedsFinancingActivities`	-	USD	1 Quarter
Settlement costs of lease financing obligation	`SaleLeasebackTransactionTransactionCostsFinancingActivities`	$268.00K	USD	1 Quarter
Payment of financing obligation	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payment of financing obligation	`RepaymentsOfLongTermDebt`	$19.00K	USD	1 Quarter
Payoff of mortgage note payable	`ProceedsFromRepaymentsOfNotesPayable`	$-1.96M	USD	1 Quarter
Payoff of mortgage note payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	1 Quarter
Security deposit paid	`SecurityDepositPaid`	$111.00K	USD	1 Quarter
Security deposit paid	`SecurityDepositPaid`	-	USD	1 Quarter
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$65.00K	USD	Point-in-time
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$875.00K	USD	1 Quarter
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$2.33M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$875.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.05M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.63M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$776.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$776.00K	USD	Point-in-time
Unrealized gain (loss) on marketable securities	`UnrealizedGainLossOnSecurities`	$12.00K	USD	1 Quarter
Unrealized gain (loss) on marketable securities	`UnrealizedGainLossOnSecurities`	$-12.00K	USD	1 Quarter
Stock issued to settle accounts payable	`StockIssued1`	$67.00K	USD	1 Quarter
Stock issued to settle accounts payable	`StockIssued1`	$240.00K	USD	1 Quarter
Fair value of redeemable warrants granted	`FairValueOfRedeemableWarrants`	$734.00K	USD	1 Quarter
Fair value of redeemable warrants granted	`FairValueOfRedeemableWarrants`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$8.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.20M	USD	Point-in-time
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$286.00K	USD	1 Quarter
Warrants issued for building sale leaseback	`AdjustmentsToAdditionalPaidInCapitalWarrantIssuedOne`	$1.15M	USD	1 Quarter
Redeemable warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$221.00K	USD	1 Quarter
Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$2.33M	USD	1 Quarter
Common stock issued to settle accounts payable	`StockIssuedDuringPeriodValueSettlementOfAccountsPayable`	$240.00K	USD	1 Quarter
Net comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-2.73M	USD	1 Quarter
Net comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-2.81M	USD	1 Quarter
Balance	`StockholdersEquity`	$8.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.20M	USD	Point-in-time

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