10-Q Filing

AIM IMMUNOTECH INC. CIK: 946644 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-008572`
Period End Date	20200331
Filing Date	20200514
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	aim-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 32 Cash Flow Statement 70 Stockholders Equity 19

Balance Sheet 72 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`	$27.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.47M	USD	Point-in-time
Marketable securities, short term	`AvailableForSaleSecuritiesCurrent`	$499.00K	USD	Point-in-time
Marketable securities, short term	`AvailableForSaleSecuritiesCurrent`	$7.31M	USD	Point-in-time
Funds receivable from sale of New Jersey net operating loss	`AccountsReceivableRelatedPartiesCurrent`	$776.00K	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$44.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$46.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$799.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$848.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.39M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.05M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.45M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.39M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.71M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.05M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.12M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$141.00K	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$152.00K	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$1.24M	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$1.15M	USD	Point-in-time
Marketable securities, long term	`AvailableForSaleSecuritiesNoncurrent`	$3.01M	USD	Point-in-time
Marketable securities, long term	`AvailableForSaleSecuritiesNoncurrent`	-	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`	$42.41M	USD	Point-in-time
Total assets	`Assets`	$20.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$165.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$472.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$403.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$286.00K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$38.00K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$35.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$214.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$217.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$703.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.13M	USD	Point-in-time
Operating lease obligation	`OperatingLeaseLiabilityNoncurrent`	$106.00K	USD	Point-in-time
Operating lease obligation	`OperatingLeaseLiabilityNoncurrent`	$114.00K	USD	Point-in-time
Notes payable, net	`LongTermNotesPayable`	$4.20M	USD	Point-in-time
Notes payable, net	`LongTermNotesPayable`	$3.91M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 14)	`LongTermDebtNoncurrent`	$2.05M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 14)	`LongTermDebtNoncurrent`	$2.10M	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$57.00K	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$239.00K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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 28,050,512 and 10,386,754, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 28,050,512 and 10,386,754, respectively	`CommonStockValue`	$10.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$340.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$366.24M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-328.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-331.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$35.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$42.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.22M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.00K	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Production costs	`ManufacturingCosts`	$231.00K	USD	1 Quarter
Production costs	`ManufacturingCosts`	$204.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$928.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$898.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.27M	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`	$3.37M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.93M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.33M	USD	1 Quarter
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$12.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$21.00K	USD	1 Quarter
Interest expense and other finance costs	`InterestAndDebtExpense`	$246.00K	USD	1 Quarter
Interest expense and other finance costs	`InterestAndDebtExpense`	$322.00K	USD	1 Quarter
Debt discount associated with extinguished debt	`ExtinguishmentOfDebtAmount`	-	USD	1 Quarter
Debt discount 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`	$182.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.00K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.37M	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.81M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-2.91	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.49M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.16M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.37M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$173.00K	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`	$182.00K	USD	1 Quarter
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustments`	-	USD	1 Quarter
Fair value of convertible note adjustment	`FairValueOfConvertibleNoteAdjustments`	$-90.00K	USD	1 Quarter
Change in convertible debt - refinancing	`ChangeInConvertibleDebtRefinancing`	-	USD	1 Quarter
Change in convertible debt - refinancing	`ChangeInConvertibleDebtRefinancing`	$20.00K	USD	1 Quarter
Extinguishment of convertible note	`ExtinguishmentOfConvertibleNote`	$344.00K	USD	1 Quarter
Extinguishment of convertible note	`ExtinguishmentOfConvertibleNote`	-	USD	1 Quarter
Warrant modification	`WarrantModification`	-	USD	1 Quarter
Warrant modification	`WarrantModification`	$46.00K	USD	1 Quarter
Amortization of patent, trademark rights	`AmortizationOfIntangibleAssets`	$17.00K	USD	1 Quarter
Amortization of patent, trademark rights	`AmortizationOfIntangibleAssets`	$208.00K	USD	1 Quarter
Changes in ROU assets	`IncreaseDecreaseinRightofUseAssets`	$11.00K	USD	1 Quarter
Changes in ROU assets	`IncreaseDecreaseinRightofUseAssets`	$11.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$175.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$196.00K	USD	1 Quarter
Realized (loss) gain on sale of marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.00K	USD	1 Quarter
Realized (loss) gain on sale of marketable securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$181.00K	USD	1 Quarter
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$35.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-993.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-49.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiability`	$11.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiability`	$8.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-307.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$87.00K	USD	1 Quarter
Accrued interest expense	`IncreaseDecreaseInOtherAccruedLiabilities`	$143.00K	USD	1 Quarter
Accrued interest expense	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-117.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.46M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.06M	USD	1 Quarter
Proceeds from sale of marketable securities	`PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm`	$-14.12M	USD	1 Quarter
Proceeds from sale of marketable securities	`PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm`	-	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$10.32M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$960.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.00K	USD	1 Quarter
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$124.00K	USD	1 Quarter
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$297.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.10M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.49M	USD	1 Quarter
Financing obligation payments	`RepaymentsOfLongTermDebt`	$84.00K	USD	1 Quarter
Financing obligation payments	`RepaymentsOfLongTermDebt`	$86.00K	USD	1 Quarter
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$25.77M	USD	1 Quarter
Proceeds from sale of stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$4.73M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.69M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.65M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.12M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.10M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$299.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.59M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$299.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.47M	USD	Point-in-time
Unrealized loss on marketable securities	`UnrealizedGainLossOnSecurities`	$4.00K	USD	1 Quarter
Unrealized loss on marketable securities	`UnrealizedGainLossOnSecurities`	-	USD	1 Quarter
Stock issued to settle accounts payable	`StockIssued1`	$10.00K	USD	1 Quarter
Stock issued to settle accounts payable	`StockIssued1`	-	USD	1 Quarter
Operating Lease - Right of Use Assets	`OperatingLeaseRightOfUseAssets`	$148.00K	USD	1 Quarter
Operating Lease - Right of Use Assets	`OperatingLeaseRightOfUseAssets`	-	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$35.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.93M	USD	Point-in-time
Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$25.77M	USD	1 Quarter
Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$2.21M	USD	1 Quarter
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$196.00K	USD	1 Quarter
Equity-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$175.00K	USD	1 Quarter
Redeemable warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.79M	USD	1 Quarter
Series B preferred shares issued, net of offering costs	`PreferredSharesIssuedNetOfOfferingCosts`	$5.31M	USD	1 Quarter
Series B preferred shares converted to common shares	`ConversionOfStockAmountConverted1`	$2.79M	USD	1 Quarter
Series B preferred shares converted to common shares	`ConversionOfStockAmountConverted1`	$9.00K	USD	1 Quarter
Warrant modification	`WarrantModification`	-	USD	1 Quarter
Warrant modification	`WarrantModification`	$46.00K	USD	1 Quarter
Shares issues to pay account payable	`SharesIssuedToPayAccountsPayable`	$10.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$35.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.93M	USD	Point-in-time

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