10-Q Filing

BIO GREEN MED SOLUTION, INC. CIK: 1130166 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001571049-17-007382`
Period End Date	20170630
Filing Date	20170810
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	cycc-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 61 Cash Flow Statement 40 Comprehensive Income 16

Balance Sheet 56 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`	$15.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	335,273.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.44M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.46M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	335,273.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.62M	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$4.01B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.05M	USD	Point-in-time
Preferred stock, liquidation preference value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$4.01B	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`	$32.00K	USD	Point-in-time
Property, plant and equipment (net)	`PropertyPlantAndEquipmentNet`	$45.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$16.08M	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`	$19.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.26M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.26M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.44M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.04M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.28M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$128.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$130.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.45M	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, 2016 and June 30, 2017; 335,273 shares issued and outstanding at December 31, 2016 and June 30, 2017. Aggregate preference in liquidation of $4,006,512 at December 31, 2016 and June 30, 2017.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized at December 31, 2016 and June 30, 2017; 335,273 shares issued and outstanding at December 31, 2016 and June 30, 2017. Aggregate preference in liquidation of $4,006,512 at December 31, 2016 and June 30, 2017.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2016 and June 30, 2017; 4,256,829 and 4,439,947 shares issued and outstanding at December 31, 2016 and June 30, 2017 respectively.	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2016 and June 30, 2017; 4,256,829 and 4,439,947 shares issued and outstanding at December 31, 2016 and June 30, 2017 respectively.	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$350.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$351.15M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-743.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-736.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-338.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-335.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.08M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Grant revenue	`RevenueFromGrants`	$222.00K	USD	1 Quarter
Grant revenue	`RevenueFromGrants`	$361.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.22M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.64M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.14M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.53M	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.73M	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$2.65M	USD	2 Qtrs
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$1.34M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.18M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.87M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.98M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-7.50M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.76M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.49M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.18M	USD	2 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$318.00K	USD	2 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$138.00K	USD	1 Quarter
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-43.00K	USD	2 Qtrs
Foreign exchange gains (losses)	`ForeignCurrencyTransactionGainLossBeforeTax`	$16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$13.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$30.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$879.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$38.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$18.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$379.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$169.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$34.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$866.00K	USD	2 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.32M	USD	2 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.46M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.59M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.12M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-626.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-574.00K	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.12M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-268.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.74M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.01M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.96M	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$50.00K	USD	1 Quarter
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$100.00K	USD	2 Qtrs
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$100.00K	USD	2 Qtrs
Dividend on convertible exchangeable preferred shares	`PreferredStockDividendsAndOtherAdjustments`	$50.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.84M	USD	2 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.24M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.02M	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.11M	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.05	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.88	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.50	USD	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.43M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.00M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.35M	shares	2 Qtrs
Weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.98M	shares	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.74M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.01M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.96M	USD	1 Quarter
Depreciation	`Depreciation`	$17.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$75.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$135.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$420.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.01M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-746.00K	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.17M	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$316.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.18M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.01M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.00K	USD	2 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$1.06M	USD	2 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$154.00K	USD	2 Qtrs
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$101.00K	USD	2 Qtrs
Payment of preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$100.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$54.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$962.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$122.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-380.00K	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.51M	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.93M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.59M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.44M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.59M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.44M	USD	Point-in-time
Interest	`InterestPaid`	$21.00K	USD	2 Qtrs
Interest	`InterestPaid`	$30.00K	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	$1.97M	USD	2 Qtrs
Taxes	`IncomeTaxesPaid`	$1.81M	USD	2 Qtrs
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	2 Qtrs
Accrual of preferred stock dividends	`AccrualOfPreferredStockDividends`	$50.00K	USD	2 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.74M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.01M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.96M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.05M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.61M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-10.62M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.55M	USD	2 Qtrs
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$14.91M	USD	2 Qtrs
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$8.56M	USD	2 Qtrs
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$6.63M	USD	1 Quarter
Unrealized foreign exchange gain on intercompany loans	`OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTax`	$10.54M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.73M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-6.15M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.17M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.04M	USD	1 Quarter

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