10-Q Filing

BIO GREEN MED SOLUTION, INC. CIK: 1130166 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001571049-15-004031`
Period End Date	20150331
Filing Date	20150512
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cycc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 44 Cash Flow Statement 41 Comprehensive Income 11

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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`	$24.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.15M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	335,273.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.15M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	335,273.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	335,273.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	335,273.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.64M	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$3.99M	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$171.00K	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$3.99M	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$147.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, plant and equipment (net)	`PropertyPlantAndEquipmentNet`	$333.00K	USD	Point-in-time
Property, plant and equipment (net)	`PropertyPlantAndEquipmentNet`	$387.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total assets	`Assets`	$29.39M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.39M	shares	Point-in-time
Total assets	`Assets`	$35.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.39M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.01M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$4.63M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$4.05M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$75.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$75.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.49M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$206.00K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$192.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$7.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.33M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized at December 31, 2014 and March 31, 2015; 335,273 shares issued and outstanding at December 31, 2014 and March 31, 2015. Aggregate preference in liquidation of $3,989,749 at December 31, 2014 and March 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized at December 31, 2014 and March 31, 2015; 335,273 shares issued and outstanding at December 31, 2014 and March 31, 2015. Aggregate preference in liquidation of $3,989,749 at December 31, 2014 and March 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2014 and March 31, 2015; 23,199,469 and 34,388,485 shares issued and outstanding at December 31, 2014 and March 31, 2015, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2014 and March 31, 2015; 23,199,469 and 34,388,485 shares issued and outstanding at December 31, 2014 and March 31, 2015, respectively	`CommonStockValue`	$34.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$330.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$341.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-480.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-691.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-313.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-308.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$27.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$35.36M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Grant revenue	`RevenueFromGrants`	$396.00K	USD	1 Quarter
Grant revenue	`RevenueFromGrants`	$512.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$512.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$396.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.34M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.34M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.46M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$5.81M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$5.81M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.30M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.41M	USD	1 Quarter
Change in valuation of financial instruments associated with stock purchase agreement	`ExpenseRelatedToStockPurchaseAgreement`	$47.00K	USD	1 Quarter
Change in valuation of financial instruments associated with stock purchase agreement	`ExpenseRelatedToStockPurchaseAgreement`	$20.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-378.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$10.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$20.00K	USD	1 Quarter
Total other (expense), net	`NonoperatingIncomeExpense`	$-36.00K	USD	1 Quarter
Total other (expense), net	`NonoperatingIncomeExpense`	$-377.00K	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.67M	USD	1 Quarter
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.45M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-763.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-569.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.88M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.91M	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$13.00K	USD	1 Quarter
Income tax on discontinued operations	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$5.00K	USD	1 Quarter
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$8.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.91M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.87M	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`DividendsPreferredStocks`	$50.00K	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`DividendsPreferredStocks`	$50.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.92M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.96M	USD	1 Quarter
Net loss per share, continuing operations - basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.19	USD	1 Quarter
Net loss per share, continuing operations - basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.25	USD	1 Quarter
Net income per share, discontinued operations - basic and diluted (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net income per share, discontinued operations - basic and diluted (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.07M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.53M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.91M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.87M	USD	1 Quarter
Change in valuation of financial instruments associated with stock purchase agreement	`ExpenseRelatedToStockPurchaseAgreement`	$47.00K	USD	1 Quarter
Change in valuation of financial instruments associated with stock purchase agreement	`ExpenseRelatedToStockPurchaseAgreement`	$20.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$52.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$23.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$187.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$164.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.11M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.36M	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$887.00K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$1.25M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.73M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.90M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.00K	USD	1 Quarter
Minimum royalty payments received from termination of ALIGN license agreement	`PaymentsForProceedsFromOtherInvestingActivities`	$-23.00K	USD	1 Quarter
Minimum royalty payments received from termination of ALIGN license agreement	`PaymentsForProceedsFromOtherInvestingActivities`	$-96.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$9.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$65.00K	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$10.43M	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$1.68M	USD	1 Quarter
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$50.00K	USD	1 Quarter
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$50.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.63M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.38M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-318.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$43.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-2.99M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$5.17M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.15M	USD	Point-in-time
Interest	`ProceedsFromInterestReceived`	$1.00K	USD	1 Quarter
Interest	`ProceedsFromInterestReceived`	$1.00K	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	$25.00K	USD	1 Quarter

Comprehensive Income 11 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.88M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.91M	USD	1 Quarter
Net income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$8.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.91M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.87M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-959.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$6.26M	USD	1 Quarter
Unrealized foreign exchange gain (loss) on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTaxPortionAttributableToParent`	$967.00K	USD	1 Quarter
Unrealized foreign exchange gain (loss) on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTaxPortionAttributableToParent`	$-6.47M	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.86M	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.12M	USD	1 Quarter

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