10-Q Filing

AIM IMMUNOTECH INC. CIK: 946644 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-007385`
Period End Date	20190331
Filing Date	20190515
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	heb-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 38 Cash Flow Statement 71 Stockholders Equity 20

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par or stated value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par or stated 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`	$3.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$299.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$2.49M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$1.53M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Funds receivable from sale of New Jersey net operating loss	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Funds receivable from sale of New Jersey net operating loss	`AccountsReceivableRelatedPartiesCurrent`	$859.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	62.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.73M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$101.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$235.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$874.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.90M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$880.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.78M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$137.00K	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$1.02M	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$912.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.35M	USD	Point-in-time
Total assets	`Assets`	$15.96M	USD	Point-in-time
Total assets	`Assets`	$13.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$680.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$768.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	$3.41M	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$36.00K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$199.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$201.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.29M	USD	Point-in-time
Operating lease obligation	`OperatingLeaseLiabilityNoncurrent`	$104.00K	USD	Point-in-time
Operating lease obligation	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Convertible note payable	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Convertible note payable	`ConvertibleLongTermNotesPayable`	$3.68M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 13)	`LongTermDebtNoncurrent`	$2.27M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 13)	`LongTermDebtNoncurrent`	$2.32M	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$1.06M	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$3.90M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 62,900,318 and 48,734,712, respectively	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 62,900,318 and 48,734,712, respectively	`CommonStockValue`	$63.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$323.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$323.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-321.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-318.57M	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 stockholders' equity	`StockholdersEquity`	$3.93M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.96M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$56.00K	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Production costs	`ManufacturingCosts`	$208.00K	USD	1 Quarter
Production costs	`ManufacturingCosts`	$231.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$928.00K	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`	$1.77M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.93M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.63M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.57M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.93M	USD	1 Quarter
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$4.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$12.00K	USD	1 Quarter
Interest expense and other finance costs	`InterestAndDebtExpense`	$246.00K	USD	1 Quarter
Interest expense and other finance costs	`InterestAndDebtExpense`	$139.00K	USD	1 Quarter
Debt discounts associated with extinguished debt	`ExtinguishmentOfDebtAmount`	-	USD	1 Quarter
Debt discounts associated with extinguished debt	`ExtinguishmentOfDebtAmount`	$250.00K	USD	1 Quarter
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustment`	$-90.00K	USD	1 Quarter
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustment`	-	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$45.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$231.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	$223.00K	USD	1 Quarter
Loss on sale of marketable securities	`MarketableSecuritiesGainLoss`	$-3.00K	USD	1 Quarter
Loss on sale of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.71M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Reclassification adjustments for loss on sales of marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification adjustments for loss on sales of marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.00K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-12.00K	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.37M	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.73M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.27M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.90M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.71M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$216.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$194.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$45.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$231.00K	USD	1 Quarter
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustment`	$-90.00K	USD	1 Quarter
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustment`	-	USD	1 Quarter
Change in convertible debt - refinancing	`ChangeInConvertibleDebtRefinancing`	$20.00K	USD	1 Quarter
Deferred debt write-off	`WriteOffOfDeferredDebtIssuanceCost`	$344.00K	USD	1 Quarter
Amortization of patent, trademark rights, and ROU assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of patent, trademark rights, and ROU assets	`AmortizationOfIntangibleAssets`	$28.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$286.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$175.00K	USD	1 Quarter
Realized loss on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-3.00K	USD	1 Quarter
Realized loss on sale of marketable securities	`MarketableSecuritiesRealizedGainLoss`	-	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of building	`GainLossOnDispositionOfAssets1`	$223.00K	USD	1 Quarter
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$140.00K	USD	1 Quarter
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$35.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$993.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-6.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$385.00K	USD	1 Quarter
Lease liability payments	`IncreaseDecreaseInLeaseLiabilityPayments`	$-8.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$245.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$87.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-348.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.54M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.46M	USD	1 Quarter
Sale and maturities of short term marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$960.00K	USD	1 Quarter
Sale and maturities of short term marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of building	`ProceedsFromSaleOfBuildings`	-	USD	1 Quarter
Proceeds from sale of building	`ProceedsFromSaleOfBuildings`	$1.05M	USD	1 Quarter
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$124.00K	USD	1 Quarter
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$14.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.04M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.10M	USD	1 Quarter
Proceeds from lease financing obligation	`SaleLeasebackTransactionGrossProceedsFinancingActivities`	-	USD	1 Quarter
Proceeds from lease financing obligation	`SaleLeasebackTransactionGrossProceedsFinancingActivities`	$4.08M	USD	1 Quarter
Finance and debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$268.00K	USD	1 Quarter
Finance and debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Financing obligation payment payments	`RepaymentsOfLongTermDebt`	$84.00K	USD	1 Quarter
Financing obligation payment payments	`RepaymentsOfLongTermDebt`	$19.00K	USD	1 Quarter
Payoff of mortgage note payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	1 Quarter
Payoff of mortgage note payable	`ProceedsFromRepaymentsOfNotesPayable`	$-1.96M	USD	1 Quarter
Security deposits paid	`SecurityDepositPaid`	$111.00K	USD	1 Quarter
Security deposits paid	`SecurityDepositPaid`	-	USD	1 Quarter
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$4.73M	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`	$4.65M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.05M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.10M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$299.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	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`	$2.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$299.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Unrealized gain on marketable securities	`UnrealizedGainLossOnSecurities`	$-12.00K	USD	1 Quarter
Unrealized gain on marketable securities	`UnrealizedGainLossOnSecurities`	-	USD	1 Quarter
Stock issued to settle accounts payable	`StockIssued1`	-	USD	1 Quarter
Stock issued to settle accounts payable	`StockIssued1`	$240.00K	USD	1 Quarter
ROU assets obtained in exchanged for operating lease liabilities	`RouAssetsObtainedInExchangedForOperatingLeaseLiabilities`	-	USD	1 Quarter
ROU assets obtained in exchanged for operating lease liabilities	`RouAssetsObtainedInExchangedForOperatingLeaseLiabilities`	$148.00K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$8.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.17M	USD	Point-in-time
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$286.00K	USD	1 Quarter
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$175.00K	USD	1 Quarter
Warrants issued for building sale leaseback	`WarrantsIssuedForBuildingSaleLeaseback`	$1.15M	USD	1 Quarter
Redeemable warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.79M	USD	1 Quarter
Redeemable warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$221.00K	USD	1 Quarter
Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$2.21M	USD	1 Quarter
Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$2.33M	USD	1 Quarter
Common stock issued to settle accounts payable	`StockIssuedDuringPeriodValueNewIssuesOne`	$240.00K	USD	1 Quarter
Series B preferred shares issued, net of costs	`StockIssuedDuringPeriodValueOther`	$5.31M	USD	1 Quarter
Series B preferred shares converted to common shares	`ConversionOfStockAmountConverted1`	$2.79M	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.37M	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.73M	USD	1 Quarter
Balance	`StockholdersEquity`	$8.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.17M	USD	Point-in-time

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