10-Q Filing

AIM IMMUNOTECH INC. CIK: 946644 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011883`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	aim-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 31 Cash Flow Statement 64 Stockholders Equity 18

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.50M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$1.16M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$501.00K	USD	Point-in-time
Funds receivable from New Jersey net operating loss	`AccountsReceivableRelatedPartiesCurrent`	$1.09M	USD	Point-in-time
Funds receivable from New Jersey net operating loss	`AccountsReceivableRelatedPartiesCurrent`	$1.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$158.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$184.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$51.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.47M	USD	Point-in-time
Right of use asset, net	`OperatingLeaseRightOfUseAsset`	$179.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Right of use asset, net	`OperatingLeaseRightOfUseAsset`	$168.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$1.50M	USD	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$1.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Patent and trademark rights, net	`FiniteLivedIntangibleAssetsNet`	$1.15M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	350.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.83M	shares	Point-in-time
Marketable securities, long term	`AvailableForSaleSecuritiesNoncurrent`	$15.38M	USD	Point-in-time
Marketable securities, long term	`AvailableForSaleSecuritiesNoncurrent`	$13.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.15M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$929.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.83M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$748.00K	USD	Point-in-time
Total assets	`Assets`	$74.09M	USD	Point-in-time
Total assets	`Assets`	$64.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$189.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$383.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$442.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$498.00K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$49.00K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$47.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$234.00K	USD	Point-in-time
Current portion of financing obligation	`LongTermDebtCurrent`	$230.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$970.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$132.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$119.00K	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 13)	`LongTermDebtNoncurrent`	$1.82M	USD	Point-in-time
Financing obligation arising from sale leaseback transaction (Note 13)	`LongTermDebtNoncurrent`	$1.88M	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$180.00K	USD	Point-in-time
Redeemable warrants	`RedeemableWarrants`	$217.00K	USD	Point-in-time
Commitments and contingencies (Notes 11, 12, 13, and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 11, 12, 13, and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series B Convertible Preferred Stock, stated value $1,000 per share, 725 shares designated, 732 shares issued and outstanding	`PreferredStockValue`	$725.00K	USD	Point-in-time
Series B Convertible Preferred Stock, stated value $1,000 per share, 725 shares designated, 732 shares issued and outstanding	`PreferredStockValue`	$732.00K	USD	Point-in-time
Common Stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 47,832,997 and 42,154,371, respectively	`CommonStockValue`	$48.00K	USD	Point-in-time
Common Stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 47,832,997 and 42,154,371, respectively	`CommonStockValue`	$42.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$415.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$402.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-208.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-341.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-345.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$61.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$35.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$70.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$64.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$74.09M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.00K	USD	1 Quarter
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.00K	USD	1 Quarter
Production costs	`ManufacturingCosts`	$204.00K	USD	1 Quarter
Production costs	`ManufacturingCosts`	$237.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.42M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$898.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.27M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.37M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.77M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.75M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.33M	USD	1 Quarter
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$21.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherNonOperatingIncomeExpense`	$72.00K	USD	1 Quarter
Interest expense and other finance costs	`InterestExpense`	$50.00K	USD	1 Quarter
Interest expense and other finance costs	`InterestExpense`	$322.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$37.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`FairValueAdjustmentOfWarrants`	$182.00K	USD	1 Quarter
Gain from sale of Income tax operating losses	`GainFromSaleOfIncomeTaxOperatingLosses`	$-181.00K	USD	1 Quarter
Gain from sale of Income tax operating losses	`GainFromSaleOfIncomeTaxOperatingLosses`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.58M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.81M	USD	1 Quarter
Reclassification adjustment for realized investment lost	`ReclassificationAdjustmentForRealizedInvestmentLost`	$2.00K	USD	1 Quarter
Change in unrealized loss on marketable securities available for sale	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-163.00K	USD	1 Quarter
Change in unrealized loss on marketable securities available for sale	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-4.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.81M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.74M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	45.73M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.49M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.58M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.81M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$173.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$162.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`RedeemableWarrantsValuationAdjustment`	$182.00K	USD	1 Quarter
Redeemable warrants valuation adjustment	`RedeemableWarrantsValuationAdjustment`	$37.00K	USD	1 Quarter
Warrant modification	`WarrantModification`	$46.00K	USD	1 Quarter
Warrant modification	`WarrantModification`	-	USD	1 Quarter
Amortization of patent, trademark rights	`AmortizationOfIntangibleAssets`	$65.00K	USD	1 Quarter
Amortization of patent, trademark rights	`AmortizationOfIntangibleAssets`	$68.00K	USD	Annual
Amortization of patent, trademark rights	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Changes in ROU assets	`IncreaseDecreaseinRightofUseAssets`	$11.00K	USD	1 Quarter
Changes in ROU assets	`IncreaseDecreaseinRightofUseAssets`	$11.00K	USD	1 Quarter
Loss on available for sale marketable securities	`DebtSecuritiesAvailableForSaleGainLoss`	$-2.00K	USD	1 Quarter
Gain from sale of income tax operating losses	`GainFromSaleOfIncomeTaxOperatingLosses`	$-181.00K	USD	1 Quarter
Gain from sale of income tax operating losses	`GainFromSaleOfIncomeTaxOperatingLosses`	-	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$526.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$196.00K	USD	1 Quarter
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$181.00K	USD	1 Quarter
Amortization of finance and debt issuance costs	`AmortizationOfFinancingCosts`	$36.00K	USD	1 Quarter
Account's receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Account's receivables	`IncreaseDecreaseInAccountsReceivable`	$2.00K	USD	1 Quarter
Prepaid expenses and other current assets and other non current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-49.00K	USD	1 Quarter
Prepaid expenses and other current assets and other non current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-26.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiability`	$11.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiability`	$11.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-194.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-307.00K	USD	1 Quarter
Accrued interest expense	`IncreaseDecreaseInInterestPayableNet`	$139.00K	USD	1 Quarter
Accrued interest expense	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-117.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$55.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.04M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.25M	USD	1 Quarter
Proceeds from sale of marketable securities	`PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm`	$-2.04M	USD	1 Quarter
Proceeds from sale of marketable securities	`PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm`	$-14.12M	USD	1 Quarter
Purchase of short-term marketable securities	`PaymentsToAcquireMarketableSecurities`	$10.32M	USD	1 Quarter
Purchase of short-term marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.15M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$365.00K	USD	1 Quarter
Purchase of patent and trademark rights	`PaymentsToAcquireIntangibleAssets`	$107.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.68M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$523.00K	USD	1 Quarter
Financing obligation payments	`RepaymentsOfLongTermDebt`	$86.00K	USD	1 Quarter
Financing obligation payments	`RepaymentsOfLongTermDebt`	$93.00K	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`	$12.89M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.69M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.79M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.12M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.27M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.77M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.77M	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`	$38.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.59M	USD	Point-in-time
Stock issued to settle accounts payable	`StockIssued1`	-	USD	1 Quarter
Stock issued to settle accounts payable	`StockIssued1`	$10.00K	USD	1 Quarter
Conversion of Series B preferred	`ConversionOfSeriesBPreferred`	$7.00K	USD	1 Quarter
Conversion of Series B preferred	`ConversionOfSeriesBPreferred`	$9.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$12.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$70.97M	USD	Point-in-time
Shares issued for: Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$25.77M	USD	1 Quarter
Shares issued for: Common stock issuance, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$12.89M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$196.00K	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$526.00K	USD	1 Quarter
Warrant modification	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$46.00K	USD	1 Quarter
Shares issued to pay accounts payable	`SharesIssuedToPayAccountsPayable`	$10.00K	USD	1 Quarter
Series B preferred shares converted to common shares	`ConversionOfStockAmountConverted1`	$9.00K	USD	1 Quarter
Series B preferred shares converted to common shares	`ConversionOfStockAmountConverted1`	-	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.81M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.74M	USD	1 Quarter
Balance	`StockholdersEquity`	$12.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$70.97M	USD	Point-in-time

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