2022 Q3 Form 10-Q Financial Statement

#000121390022048035 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $323.1K $214.7K $210.3K
YoY Change
Cost Of Revenue $233.7K $174.9K $188.1K
YoY Change
Gross Profit $89.44K $39.86K $22.21K
YoY Change
Gross Profit Margin 27.68% 18.56% 10.56%
Selling, General & Admin $3.911M $833.9K $4.711M
YoY Change -15.01% 1797.78% -8.71%
% of Gross Profit 4372.79% 2092.34% 21210.09%
Research & Development $1.571M $1.188M $1.428M
YoY Change 6.73% 27.36% 51.96%
% of Gross Profit 1755.95% 2980.46% 6431.25%
Depreciation & Amortization $126.7K $99.85K $123.6K
YoY Change -0.07% -0.43% 23.6%
% of Gross Profit 141.7% 250.53% 556.51%
Operating Expenses $5.482M $2.022M $6.139M
YoY Change -9.74% 107.01% 0.81%
Operating Profit -$5.392M -$5.771M -$6.117M
YoY Change -11.21% -0.07% 0.44%
Interest Expense -$2.165M -$79.05K
YoY Change 82.49% -80.41%
% of Operating Profit
Other Income/Expense, Net -$2.165M -$79.05K $58.96K
YoY Change -41.28% -80.41%
Pretax Income -$7.558M -$5.850M -$6.059M
YoY Change -22.57% -5.32% -5.03%
Income Tax
% Of Pretax Income
Net Earnings -$7.558M -$5.850M -$6.059M
YoY Change -22.57% -5.32% -5.02%
Net Earnings / Revenue -2338.9% -2724.54% -2881.46%
Basic Earnings Per Share -$5.27 -$0.13 -$6.80
Diluted Earnings Per Share -$5.27 -$0.13 -$135.9K
COMMON SHARES
Basic Shares Outstanding 56.85M shares 45.56M shares 891.6K shares
Diluted Shares Outstanding 1.433M shares 45.56M shares 891.6K shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.245M $804.0K $2.115M
YoY Change 69.03% -90.66% -84.95%
Cash & Equivalents $9.245M $804.0K $2.115M
Short-Term Investments
Other Short-Term Assets $689.4K $590.4K $534.9K
YoY Change 65.7% -55.15% -29.61%
Inventory $1.442M $1.333M $1.042M
Prepaid Expenses $689.4K $590.4K
Receivables $662.8K $410.6K $248.8K
Other Receivables $585.4K $500.0K $500.0K
Total Short-Term Assets $12.62M $3.638M $4.441M
YoY Change 1.93% -63.35% -70.01%
LONG-TERM ASSETS
Property, Plant & Equipment $2.249M $2.345M $6.202M
YoY Change -63.86% -56.39% 118.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $398.1K $410.8K $446.8K
YoY Change 26.12% 51.14% 538.34%
Other Assets $347.6K $524.5K $515.1K
YoY Change -17.66% 740.76%
Total Long-Term Assets $6.555M $7.102M $7.351M
YoY Change -8.97% 18.79% 129.01%
TOTAL ASSETS
Total Short-Term Assets $12.62M $3.638M $4.441M
Total Long-Term Assets $6.555M $7.102M $7.351M
Total Assets $19.18M $10.74M $11.79M
YoY Change -2.08% -32.48% -34.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.712M $4.813M $2.559M
YoY Change 63.77% 297.13% 163.83%
Accrued Expenses $1.123M $1.131M $1.138M
YoY Change 10.13% 24.7% 191.79%
Deferred Revenue
YoY Change
Short-Term Debt $80.00K $465.9K $0.00
YoY Change
Long-Term Debt Due $246.7K $438.4K $626.3K
YoY Change -66.85% -85.32% -52.19%
Total Short-Term Liabilities $4.373M $7.041M $4.515M
YoY Change 21.45% 34.68% 32.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $2.112M $2.338M $2.555M
YoY Change -23.65% -20.98% 87.84%
Total Long-Term Liabilities $2.112M $2.338M $2.555M
YoY Change -29.9% -50.4% -21.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.373M $7.041M $4.515M
Total Long-Term Liabilities $2.112M $2.338M $2.555M
Total Liabilities $6.485M $9.379M $7.069M
YoY Change -1.95% -5.66% 6.3%
SHAREHOLDERS EQUITY
Retained Earnings -$86.83M -$79.26M
YoY Change
Common Stock $3.731K $55.47K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $201.6K $201.6K
YoY Change
Treasury Stock Shares 2.017K shares 100.8K shares
Shareholders Equity $12.69M $1.361M $4.723M
YoY Change
Total Liabilities & Shareholders Equity $19.18M $10.74M $11.79M
YoY Change -2.08% -32.48% -34.56%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$7.558M -$5.850M -$6.059M
YoY Change -22.57% -5.32% -5.02%
Depreciation, Depletion And Amortization $126.7K $99.85K $123.6K
YoY Change -0.07% -0.43% 23.6%
Cash From Operating Activities -$7.818M -$2.654M -$5.199M
YoY Change 72.75% -47.03% 28.38%
INVESTING ACTIVITIES
Capital Expenditures -$4.190K -$126.3K -$147.8K
YoY Change -97.7% -44.72% -69.84%
Acquisitions
YoY Change
Other Investing Activities $91.62K -$9.440K -$225.6K
YoY Change -101.34% -84.87%
Cash From Investing Activities $87.44K -$135.7K -$373.4K
YoY Change -101.24% -53.34% -23.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.17M 1.479M -184.2K
YoY Change 91.9% -1246.79% -102.28%
NET CHANGE
Cash From Operating Activities -7.818M -2.654M -5.199M
Cash From Investing Activities 87.44K -135.7K -373.4K
Cash From Financing Activities 16.17M 1.479M -184.2K
Net Change In Cash 8.441M -1.311M -5.757M
YoY Change -368.76% -75.86% -262.62%
FREE CASH FLOW
Cash From Operating Activities -$7.818M -$2.654M -$5.199M
Capital Expenditures -$4.190K -$126.3K -$147.8K
Free Cash Flow -$7.814M -$2.528M -$5.052M
YoY Change 79.9% -47.14% 41.9%

Facts In Submission

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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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adtx Amortization Of Debt Discount
AmortizationOfDebtDiscount
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adtx Amortization Of Debt Discount
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
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us-gaap Increase Decrease In Deposits Outstanding
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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adtx Ti Allowance Receivable
TIAllowanceReceivable
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adtx Note Receivables And Accrued Interest
NoteReceivablesAndAccruedInterest
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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DiscountOnConvertibleNotePayableFromOfferingCosts
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adtx Discount On Convertible Note Payable From Offering Costs
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us-gaap Repayments Of Notes Payable
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us-gaap Proceeds From Warrant Exercises
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us-gaap Proceeds From Issuance Of Warrants
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Expense
InterestExpense
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adtx Lease Liability Recognized From Right Of Use Assets
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adtx Original Issuance Discount On Notes Payable
OriginalIssuanceDiscountOnNotesPayable
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adtx Debt Discount From Warrants Issued With Convertible Note Payable
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adtx Debt Discount From Warrant Consideration For Convertible Debt Offering Costs
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adtx Liability Recognized For Financed Assets
LiabilityRecognizedForFinancedAssets
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CY2021Q3 us-gaap Common Unit Issued
CommonUnitIssued
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CY2021Q3 us-gaap Accelerated Share Repurchases Initial Price Paid Per Share
AcceleratedShareRepurchasesInitialPricePaidPerShare
2.4
CY2021Q3 us-gaap Demutualization By Insurance Entity Securities Issued Gross Cash Proceeds
DemutualizationByInsuranceEntitySecuritiesIssuedGrossCashProceeds
11000000 usd
CY2021Q3 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
4583334 shares
CY2021Q3 adtx Debt Instrument Term Description
DebtInstrumentTermDescription
The warrants have an exercise price of $2.53 per share and are exercisable for a five-year period commencing six months from the date of issuance.
CY2021Q3 adtx Warrants Exercise Price
WarrantsExercisePrice
1.5
CY2021Q3 adtx Purchase Of Common Stock
PurchaseOfCommonStock
229166 shares
CY2021Q3 adtx Exercise Price Per Shares
ExercisePricePerShares
3
CY2021Q4 us-gaap Common Unit Issued
CommonUnitIssued
2833333 shares
CY2021Q4 adtx Exercise Price Per Shares
ExercisePricePerShares
1.5
CY2021Q4 us-gaap Demutualization By Insurance Entity Securities Issued Gross Cash Proceeds
DemutualizationByInsuranceEntitySecuritiesIssuedGrossCashProceeds
4250000 usd
CY2021Q4 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
3910000 usd
CY2021Q4 adtx Net Proceeds
NetProceeds
16000000 usd
CY2021Q4 us-gaap Common Unit Issued
CommonUnitIssued
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CY2021Q4 adtx Prefunded Warrants Shares
PrefundedWarrantsShares
8328570 shares
CY2021Q4 adtx Exercise Price Per Shares
ExercisePricePerShares
1.15
adtx Net Loss Cash Flow From Operating Activities
NetLossCashFlowFromOperatingActivities
11909147 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Cash
Cash
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CY2022Q2 us-gaap Customer Funds
CustomerFunds
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
75000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. Significant estimates underlying the condensed financial statements include the collectability of notes receivable, collectability and reserve on accounts receivable, the reserve on insurance billing, and the fair value of stock options and warrants.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentrations of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company maintains its cash accounts at financial institutions which are insured by the Federal Deposit Insurance Corporation. At times, the Company may have deposits in excess of federally insured limits.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
50808 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
adtx Licensing Fee For Patents
LicensingFeeForPatents
248813 usd
adtx Licensing Fee For Patents
LicensingFeeForPatents
76245 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
2616302 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
1868703 usd
adtx Warrants Of Stock Options
WarrantsOfStockOptions
2235466 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
865900 shares
adtx Dilutive Earning Shares
DilutiveEarningShares
45963691 shares
adtx Warrants Of Stock Options
WarrantsOfStockOptions
2143000 shares
adtx Dilutive Earning Shares
DilutiveEarningShares
5463715 shares
CY2021Q3 us-gaap Other Loans Payable
OtherLoansPayable
6500000 usd
CY2021Q3 adtx Common Stock Yields Percentage
CommonStockYieldsPercentage
0.50 pure
CY2021Q4 adtx Description Of Share Exchange Agreement
DescriptionOfShareExchangeAgreement
On December 28, 2021, we entered into a Share Exchange Agreement with Cellvera Global f/k/a AiPharma Global, pursuant to which we (i) will acquire 9.5% of the issued and outstanding equity interests in Cellvera Global in exchange for the issuance of 4,816,193 shares of our common stock of Aditxt and a cash payment of $250,000, at an initial closing upon the satisfaction or waiver of certain conditions to closing; and (ii) acquire the remaining 90.5% of the issued and outstanding equity interests in Cellvera Global in exchange for the issuance of 39,927,974 shares of our common stock and a cash payment of $250,000 at a secondary closing upon the satisfaction or waiver of certain conditions to closing.
CY2021Q3 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
6500000 usd
CY2021Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.08 pure
CY2021Q4 adtx Credit Agreement Amendment Description
CreditAgreementAmendmentDescription
the Company entered into the first amendment to the Credit Agreement with Cellvera Global and certain affiliated entities (the “Credit Agreement Amendment”), pursuant to which the Company agreed to increase the amount which Cellvera Global was permitted to borrow under the Credit Agreement by $8.5 million to an aggregate of $15.0 million, of which $6.5 million was outstanding prior to entering the Credit Agreement Amendment. The Company agreed to fund such additional borrowings, as requested by Cellvera Global, by advancing 70% of any amounts received by the Company from the exercise of existing warrants or any other capital raises, including the October Offering.
CY2021 adtx Advanced Credit Agreement
AdvancedCreditAgreement
8000000 usd
CY2021 adtx Credit Agreement
CreditAgreement
14500000 usd
CY2021Q4 us-gaap Loans Receivable With Variable Rates Of Interest1
LoansReceivableWithVariableRatesOfInterest1
14500000 usd
CY2022Q1 us-gaap Loans Payable
LoansPayable
14500000 usd
CY2022Q2 adtx Aggregate Amounts
AggregateAmounts
30000000 usd
CY2021 adtx Credit Agreement Description
CreditAgreementDescription
On December 10, 2021, the Company entered into a secured credit agreement dated December 10, 2021 (the “Target Company Credit Agreement”) and signed on December 10, 2021 with the Target Company, pursuant to which the Company made a secured loan to the Target Company in the principal amount of $500,000 (the “Target Company Loan”) and agreed to make additional secured loans, as requested by the Target Company and approved by the Company, in an amount not to exceed $4.5 million. The Target Company Loan bears interest at a rate of 8% per annum and mature on December 8, 2022, provided, that the Letter of Intent currently contemplates that the Target Company Loan will be forgivable upon the closing of the acquisition contemplated by the letter of intent. The Target Company Credit Agreement also contains certain covenants that prohibit the Target Company from incurring additional indebtedness, entering into any fundamental transactions, issuing any equity interests subject to certain limited exceptions, or making any dispositions of its property. In connection with the Target Company Credit Agreement, the Company entered into a Security Agreement with the Target Company, pursuant to which the Target Company granted the Company a security interest in all of the Target Company’s assets as security for the Target Company Loan. 
CY2022Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
500000 usd
CY2022Q2 us-gaap Loans Receivable With Fixed Rates Of Interest1
LoansReceivableWithFixedRatesOfInterest1
22356 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2928378 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
583712 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2344666 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2654307 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
387010 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2267297 usd
CY2022Q2 us-gaap Depreciation
Depreciation
99852 usd
CY2021Q2 us-gaap Depreciation
Depreciation
100286 usd
us-gaap Depreciation
Depreciation
196704 usd
us-gaap Depreciation
Depreciation
166529 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26750 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26676 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
53500 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
53060 usd
CY2021Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
480000 shares
CY2022Q2 adtx Aggregates Amount
AggregatesAmount
792000 usd
CY2022Q2 adtx Gross Proceeds
GrossProceeds
550000 usd
CY2022Q2 us-gaap Fee Income On Acceptances Executed
FeeIncomeOnAcceptancesExecuted
16500 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
13500 usd
CY2022Q2 us-gaap Principal Amount Outstanding Of Loans Held In Portfolio
PrincipalAmountOutstandingOfLoansHeldInPortfolio
465848 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
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us-gaap Operating Lease Expense
OperatingLeaseExpense
653408 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
259293 usd
us-gaap Lease Cost
LeaseCost
653408 usd
us-gaap Lease Cost
LeaseCost
259293 usd
CY2022Q2 adtx Right Of Use Assets Long Term
RightOfUseAssetsLongTerm
3661247 usd
CY2021Q4 adtx Right Of Use Assets Long Term
RightOfUseAssetsLongTerm
4097117 usd
adtx Total Right Of Use Asset
TotalRightOfUseAsset
3661247 usd
CY2021 adtx Total Right Of Use Asset
TotalRightOfUseAsset
4097117 usd
CY2022Q2 adtx Operating Lease Liabilities Short Term
OperatingLeaseLiabilitiesShortTerm
1130611 usd
CY2021Q4 adtx Operating Lease Liabilities Short Term
OperatingLeaseLiabilitiesShortTerm
1145126 usd
CY2022Q2 adtx Operating Lease Liabilities Long Term
OperatingLeaseLiabilitiesLongTerm
2337652 usd
CY2021Q4 adtx Operating Lease Liabilities Long Term
OperatingLeaseLiabilitiesLongTerm
2765933 usd
CY2022Q2 adtx Total Lease Liability
TotalLeaseLiability
3468263 usd
CY2021Q4 adtx Total Lease Liability
TotalLeaseLiability
3911059 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08 pure
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
adtx Stock Based Compensation For Consulting Services
StockBasedCompensationForConsultingServices
253719 usd
adtx Stock Based Compensation
StockBasedCompensation
687375 usd
adtx Stock Based Compensation For Consulting Services
StockBasedCompensationForConsultingServices
233100 usd
CY2021Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1163556 shares
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3718956 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
465000 shares
adtx Stock Based Compensation
StockBasedCompensation
1443700 usd
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
3000000 shares
CY2021Q1 adtx Fair Market Value
FairMarketValue
1 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
387246 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
267318 usd
adtx Other Research And Development
OtherResearchAndDevelopment
119928 usd
adtx Share Based Payment Remnaining Expenses
ShareBasedPaymentRemnainingExpenses
583832 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P0Y4M13D
adtx Stock Issued During Period Values Stock Options Exercised
StockIssuedDuringPeriodValuesStockOptionsExercised
423157 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
4
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
52524 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
504699 usd
CY2022Q2 adtx Pursuant Agreement Description
PursuantAgreementDescription
Pursuant to the agreement, the Holder has agreed to exercise in cash 8,970,947 of its Series C Warrants at a reduced exercise price of $0.15 per Share (reduced from $1.15 per share), for gross proceeds to the Company of approximately $1.35 million. As an inducement to such exercise, the Company has agreed to reduce the exercise price of the Holder’s remaining Series C Warrants to purchase up to 2,457,623 Shares from $1.15 to $0.2479 per share, which will be non-exercisable for a period of six months following the closing date. The modification of this exercise price resulted in an increase of $344,158 to the fair value of the Series C Warrants. This modification was an inducement on the transaction and as such was recoded to equity resulting in no net change to additional paid in capital. In addition, the Company issued to the Holder a new warrant to purchase up to 20,399,517 shares of the Company’s common stock at an exercise price of $0.2479 per share, which will be non-exercisable for a period of six months following issuance date and have a term of five and one-half years.
CY2022Q2 adtx Vesting Expense
VestingExpense
687375 usd
adtx Vesting Expense
VestingExpense
0 usd
adtx Other Research And Development
OtherResearchAndDevelopment
183600 usd
us-gaap Other Expenses
OtherExpenses
861631 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P0Y9M7D
adtx Total Granted
TotalGranted
582200 shares
CY2022Q2 adtx Shares Issued1
SharesIssued1
425375 shares
CY2022Q2 adtx Shares Issued1
sharesIssued1
425375 shares
adtx Preferred Stock Votes
PreferredStockVotes
250000000 shares
adtx Consideration Cash
ConsiderationCash
20000 usd
CY2022Q2 adtx Principal Amount
PrincipalAmount
1477778 usd
CY2022Q2 adtx Senior Secured Promissory Notes Percentage
SeniorSecuredPromissoryNotesPercentage
0.10 pure
CY2022Q2 adtx Gross Proceeds1
GrossProceeds1
1330000 usd
CY2022Q2 us-gaap Shares Issued
SharesIssued
1477778 shares
CY2022Q2 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
6275065 shares
adtx Warrants Exercisable Description
WarrantsExercisableDescription
The August 2022 Notes have a maturity date of twelve (12) months from the date of issuance and are convertible at the option of the Investor at any time prior to maturity in shares of Common Stock (the "Conversion Shares") at an initial conversion price of $0.2355 per share, subject to adjustment under certain circumstances. The August 2022 Warrants are exercisable for a period of five (5) years from period commencing on the Commencement Date (as defined therein) and ending on 5:00 p.m. eastern standard time on the date that is five (5) years after the date of issuance, at an exercise price of $0.2355, subject to adjustment provided therein (including cashless exercise). 
adtx Net Proceeds1
NetProceeds1
1244000 usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
us-gaap Revenues
Revenues
usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
usd
us-gaap Gross Profit
GrossProfit
usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2022Q1 adtx Stock Issued During Period Value Issuance Of Shares For Vested Restricted Stock Units
StockIssuedDuringPeriodValueIssuanceOfSharesForVestedRestrictedStockUnits
usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
usd
adtx Note Receivables And Accrued Interest
NoteReceivablesAndAccruedInterest
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Interest Expense
InterestExpense
usd
adtx Lease Liability Recognized From Right Of Use Assets
LeaseLiabilityRecognizedFromRightOfUseAssets
usd
adtx Original Issuance Discount On Notes Payable
OriginalIssuanceDiscountOnNotesPayable
usd
adtx Debt Discount From Warrants Issued With Convertible Note Payable
DebtDiscountFromWarrantsIssuedWithConvertibleNotePayable
usd
adtx Debt Discount From Warrant Consideration For Convertible Debt Offering Costs
DebtDiscountFromWarrantConsiderationForConvertibleDebtOfferingCosts
usd
adtx Liability Recognized For Financed Assets
LiabilityRecognizedForFinancedAssets
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001726711
CY2021Q2 us-gaap Revenues
Revenues
usd

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