10-K Filing

AIM IMMUNOTECH INC. CIK: 946644 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001493152-20-005290`
Period End Date	20191231
Filing Date	20200330
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	aim-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 34 Cash Flow Statement 78 Stockholders Equity 25

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$299.00K	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$1.53M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$7.31M	USD	Point-in-time
Funds receivable from sale of New Jersey net operating loss	`AccountsReceivableRelatedPartiesCurrent`	$859.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Funds receivable from sale of New Jersey net operating loss	`AccountsReceivableRelatedPartiesCurrent`	$776.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$235.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.39M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$880.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$848.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.39M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.11M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.12M	USD	Point-in-time
Right of use asset, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right of use asset, net	`OperatingLeaseRightOfUseAsset`	$152.00K	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$912.00K	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$1.15M	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`	$13.85M	USD	Point-in-time
Total assets	`Assets`	$20.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$472.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$680.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$403.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	$3.41M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$38.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$199.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$214.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.29M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$114.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$3.91M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 19)	`LongTermDebtNoncurrent`	$2.10M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 19)	`LongTermDebtNoncurrent`	$2.32M	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$1.06M	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$57.00K	USD	Point-in-time
Commitments and contingencies (Notes 9,11,12,14,15 and 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 9,11,12,14,15 and 19)	`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 10,386,754 and 1,107,607, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common Stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 10,386,754 and 1,107,607, respectively	`CommonStockValue`	$10.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$340.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$323.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-318.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-328.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.22M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$140.00K	USD	Annual
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$367.00K	USD	Annual
Production costs	`ManufacturingCosts`	$893.00K	USD	Annual
Production costs	`ManufacturingCosts`	$884.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.65M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.78M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.20M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.04M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$12.58M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$11.86M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-12.44M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-11.50M	USD	Annual
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$32.00K	USD	Annual
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$89.00K	USD	Annual
Interest expense and other finance costs	`InterestAndDebtExpense`	$502.00K	USD	Annual
Interest expense and other finance costs	`InterestAndDebtExpense`	$427.00K	USD	Annual
Settlement of litigation/Insurance Claim	`LitigationSettlementExpense`	$-1.22M	USD	Annual
Settlement of litigation/Insurance Claim	`LitigationSettlementExpense`	$-474.00K	USD	Annual
Extinguishment of debt	`ExtinguishmentOfDebtAmount`	-	USD	Annual
Extinguishment of debt	`ExtinguishmentOfDebtAmount`	$345.00K	USD	Annual
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustment`	$90.00K	USD	Annual
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustment`	$-582.00K	USD	Annual
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$-1.17M	USD	Annual
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$-1.51M	USD	Annual
Gain from sale of income tax operating losses	`GainFromSaleOfIncomeTaxOperatingLosses`	$859.00K	USD	Annual
Gain from sale of income tax operating losses	`GainFromSaleOfIncomeTaxOperatingLosses`	$776.00K	USD	Annual
Gain on sale of building	`GainLossOnDispositionOfAssets1`	$223.00K	USD	Annual
Gain on sale of building	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-9.83M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.53M	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-9.77	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-2.62	USD	Annual
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.64M	shares	Annual
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.00M	shares	Annual

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-9.83M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.53M	USD	Annual
Depreciation of property and equipment	`Depreciation`	$735.00K	USD	Annual
Depreciation of property and equipment	`Depreciation`	$856.00K	USD	Annual
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$-1.17M	USD	Annual
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$-1.51M	USD	Annual
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustments`	$582.00K	USD	Annual
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustments`	$-70.00K	USD	Annual
Extinguishment of convertible note	`ExtinguishmentOfConvertibleNote`	-	USD	Annual
Extinguishment of convertible note	`ExtinguishmentOfConvertibleNote`	$345.00K	USD	Annual
Amortization of patent, trademark rights	`AmortizationOfIntangibleAssets`	$22.00K	USD	Annual
Amortization of patent, trademark rights	`AmortizationOfIntangibleAssets`	$57.00K	USD	Annual
Changes in ROU assets	`IncreaseDecreaseinRightofUseAssets`	-	USD	Annual
Changes in ROU assets	`IncreaseDecreaseinRightofUseAssets`	$37.00K	USD	Annual
Equity-based compensation	`ShareBasedCompensation`	$929.00K	USD	Annual
Equity-based compensation	`ShareBasedCompensation`	$853.00K	USD	Annual
Gain on sale of building	`GainLossOnDispositionOfAssets1`	$223.00K	USD	Annual
Gain on sale of building	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$288.00K	USD	Annual
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$263.00K	USD	Annual
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.07M	USD	Annual
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-274.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$251.00K	USD	Annual
Lease liability	`IncreaseDecreaseInLeaseLiability`	-	USD	Annual
Lease liability	`IncreaseDecreaseInLeaseLiability`	$37.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-207.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$166.00K	USD	Annual
Accrued interest expense	`IncreaseDecreaseInOtherAccruedLiabilities`	$129.00K	USD	Annual
Accrued interest expense	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-731.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-922.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.64M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.07M	USD	Annual
Proceeds from sale of marketable securities	`PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm`	-	USD	Annual
Proceeds from sale of marketable securities	`PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm`	$831.00K	USD	Annual
Purchase of short-term marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	Annual
Purchase of short-term marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.78M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$68.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.00K	USD	Annual
Proceeds from sale of building	`ProceedsFromSaleOfBuildings`	$1.05M	USD	Annual
Proceeds from sale of building	`ProceedsFromSaleOfBuildings`	-	USD	Annual
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$297.00K	USD	Annual
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$76.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.15M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$92.00K	USD	Annual
Proceeds from lease financing obligation	`SaleLeasebackTransactionGrossProceedsFinancingActivities`	$4.08M	USD	Annual
Proceeds from lease financing obligation	`SaleLeasebackTransactionGrossProceedsFinancingActivities`	-	USD	Annual
Finance and debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$439.00K	USD	Annual
Finance and debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Financing obligation payments	`RepaymentsOfLongTermDebt`	$264.00K	USD	Annual
Financing obligation payments	`RepaymentsOfLongTermDebt`	$340.00K	USD	Annual
Proceeds from note payable, net of issuance costs	`ProceedsFromNotesPayable`	$3.06M	USD	Annual
Proceeds from note payable, net of issuance costs	`ProceedsFromNotesPayable`	$3.63M	USD	Annual
Payoff of mortgage note payable	`ProceedsFromRepaymentsOfNotesPayable`	$-1.96M	USD	Annual
Payoff of mortgage note payable	`ProceedsFromRepaymentsOfNotesPayable`	$-2.21M	USD	Annual
Security deposits paid	`SecurityDepositPaid`	$114.00K	USD	Annual
Security deposits paid	`SecurityDepositPaid`	-	USD	Annual
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$15.30M	USD	Annual
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$5.07M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.39M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.44M	USD	Annual
Net increase (decrease)in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.17M	USD	Annual
Net increase (decrease)in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.11M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$299.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$299.00K	USD	Point-in-time
Stock issued to settle accounts payable	`StockIssued1`	$129.00K	USD	Annual
Stock issued to settle accounts payable	`StockIssued1`	$330.00K	USD	Annual
Conversion of note payable in shares	`DebtConversionConvertedInstrumentAmount1`	-	USD	Annual
Conversion of note payable in shares	`DebtConversionConvertedInstrumentAmount1`	$1.24M	USD	Annual
Conversion of series B preferred	`ConversionOfSeriesPreferredStock`	$4.53M	USD	Annual
Conversion of series B preferred	`ConversionOfSeriesPreferredStock`	-	USD	Annual
Operating Lease - Right of Use Assets	`OperatingLeaseRightOfUseAssets`	$188.00K	USD	Annual
Operating Lease - Right of Use Assets	`OperatingLeaseRightOfUseAssets`	-	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$12.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.70M	USD	Point-in-time
Shares sold at the market	`SaleOfStockConsiderationReceivedOnTransaction`	$803.00K	USD	Annual
Shares sold at the market	`SaleOfStockConsiderationReceivedOnTransaction`	$2.49M	USD	Annual
Shares sold at the market, shares	`SaleOfStockNumberOfSharesIssuedInTransaction`	28,409.00	shares	Point-in-time
Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$2.78M	USD	Annual
Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$14.46M	USD	Annual
Convertible note originations shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.47M	USD	Annual
Convertible note originations shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$83.00K	USD	Annual
Other issuance	`StockIssuedDuringPeriodValueOther`	$330.00K	USD	Annual
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$930.00K	USD	Annual
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$853.00K	USD	Annual
Redeemable warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$-221.00K	USD	Annual
Redeemable warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.79M	USD	Annual
Warrants issued for building sale leaseback	`WarrantsIssuedForBuildingSaleLeaseback`	$1.15M	USD	Annual
Deemed dividends	`Dividends`	$135.00K	USD	Annual
Shares issued to pay accounts payable	`SharesIssuedToPayAccountsPayable`	$129.00K	USD	Annual
Series B preferred shares issued, net of offering costs	`PreferredSharesIssuedNetOfOfferingCosts`	$5.31M	USD	Annual
Series B preferred shares converted to common shares	`ConversionOfStockAmountConverted1`	$4.53M	USD	Annual
Net loss	`ComprehensiveIncomeNetOfTax`	$-9.83M	USD	Annual
Net loss	`ComprehensiveIncomeNetOfTax`	$-9.53M	USD	Annual
Balance	`StockholdersEquity`	$12.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.70M	USD	Point-in-time

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