2023 Q1 Form 10-K Financial Statement

#000155837023004398 Filed on March 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $10.66M $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.583M $6.880M $27.32M
YoY Change -30.83% -39.6% -36.55%
% of Gross Profit
Research & Development $15.94M $12.09M $55.63M
YoY Change 6.02% -23.1% -11.09%
% of Gross Profit
Depreciation & Amortization $1.000K $2.000K
YoY Change
% of Gross Profit
Operating Expenses $21.52M $18.97M $82.95M
YoY Change -6.85% -30.03% -21.46%
Operating Profit -$10.86M -$82.95M
YoY Change -53.0% -21.46%
Interest Expense $221.0K $271.0K $685.0K
YoY Change 190.79% 15.81% 23.42%
% of Operating Profit
Other Income/Expense, Net $721.0K $4.272M $442.0K
YoY Change -3705.0% -1631.18% 1200.0%
Pretax Income -$10.14M -$14.43M -$82.51M
YoY Change -56.16% -46.87% -21.86%
Income Tax
% Of Pretax Income
Net Earnings -$10.14M -$14.43M -$82.51M
YoY Change -56.16% -46.87% -21.86%
Net Earnings / Revenue -95.09%
Basic Earnings Per Share -$0.18 -$2.18
Diluted Earnings Per Share -$0.18 -$0.29 -$2.18
COMMON SHARES
Basic Shares Outstanding 48.11M 48.06M 37.83M
Diluted Shares Outstanding 56.36M 37.83M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.92M $30.58M $30.58M
YoY Change -58.82% -62.16% -62.16%
Cash & Equivalents $22.92M $16.66M $16.66M
Short-Term Investments $0.00 $13.92M $13.92M
Other Short-Term Assets $554.0K $674.0K $6.728M
YoY Change 21.76% 43.1% -11.13%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $29.06M $37.31M $37.31M
YoY Change -54.28% -57.79% -57.79%
LONG-TERM ASSETS
Property, Plant & Equipment $743.0K $857.0K $857.0K
YoY Change -37.56% -33.98% -33.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $198.0K $198.0K $198.0K
YoY Change -0.5% -1.0% -1.0%
Total Long-Term Assets $941.0K $1.055M $1.055M
YoY Change -32.25% -29.57% -29.57%
TOTAL ASSETS
Total Short-Term Assets $29.06M $37.31M $37.31M
Total Long-Term Assets $941.0K $1.055M $1.055M
Total Assets $30.00M $38.36M $38.36M
YoY Change -53.81% -57.32% -57.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.555M $4.534M $4.534M
YoY Change -6.2% -52.08% -52.08%
Accrued Expenses $14.51M $15.23M $15.23M
YoY Change -6.96% -4.88% -4.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.25M $33.42M $33.42M
YoY Change 49.66% 26.31% 26.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $825.0K $878.0K $878.0K
YoY Change 6.73% -1.46% -1.46%
Total Long-Term Liabilities $825.0K $878.0K $878.0K
YoY Change 6.73% -1.46% -1.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.25M $33.42M $33.42M
Total Long-Term Liabilities $825.0K $878.0K $878.0K
Total Liabilities $34.08M $34.30M $34.30M
YoY Change 48.22% 25.4% 25.4%
SHAREHOLDERS EQUITY
Retained Earnings -$359.0M -$348.8M
YoY Change 24.05% 30.97%
Common Stock $5.000K $5.000K
YoY Change 66.67% 66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.072M $4.061M $4.061M
YoY Change
Total Liabilities & Shareholders Equity $30.00M $38.36M $38.36M
YoY Change -53.81% -57.32% -57.32%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$10.14M -$14.43M -$82.51M
YoY Change -56.16% -46.87% -21.86%
Depreciation, Depletion And Amortization $1.000K $2.000K
YoY Change
Cash From Operating Activities -$6.990M -$15.89M -$78.09M
YoY Change -71.36% -41.01% -13.93%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $13.87M -$6.905M $13.17M
YoY Change 45.64% -158.48% 5.93%
Cash From Investing Activities $13.87M -$6.905M $13.17M
YoY Change 45.64% -158.48% 5.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -622.0K -933.0K 27.69M
YoY Change -21.17% -21.2% -62.94%
NET CHANGE
Cash From Operating Activities -6.990M -15.89M -78.09M
Cash From Investing Activities 13.87M -6.905M 13.17M
Cash From Financing Activities -622.0K -933.0K 27.69M
Net Change In Cash 6.260M -23.73M -37.23M
YoY Change -139.94% 45.42% 940.55%
FREE CASH FLOW
Cash From Operating Activities -$6.990M -$15.89M -$78.09M
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Risks and Uncertainties</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company is subject to risks common to companies in the biotechnology industry, including but not limited to, risks of failure of preclinical studies and clinical trials, the need to obtain marketing approval for any product candidate that it may identify and develop, the need to successfully commercialize and gain market acceptance of its product candidates, dependence on key personnel, protection of proprietary technology, compliance with government regulations, development by competitors of technological innovations and reliance on third party manufacturers.</p>
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the Company's ability to continue as a going concern as of the date of the financial statements and the reported amounts of expenses during the reporting period. In preparing the financial statements, management used estimates in the following areas, among others: prepaid and accrued expenses; warrant liability valuation; stock-based compensation expense; and the evaluation of the existence of conditions and events that raise substantial doubt regarding the Company’s ability to continue as a going concern.<span style="background:#ffffff;"> </span>Actual results could differ from those estimates.</p>
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CY2022 aplt Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
-0.001
CY2021 aplt Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
0.005
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.379
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.377
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.011
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-82508000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-82508000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-105584000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-105584000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37825431
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37825431
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25598181
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25598181
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.18
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.18
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.12
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.12
CY2022 dei Auditor Firm
AuditorFirmId
42

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aplt-20221231_cal.xml Edgar Link unprocessable
0001558370-23-004398-index-headers.html Edgar Link pending
0001558370-23-004398-index.html Edgar Link pending
0001558370-23-004398.txt Edgar Link pending
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aplt-20221231.xsd Edgar Link pending
aplt-20221231x10k.htm Edgar Link pending
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aplt-20221231_pre.xml Edgar Link unprocessable
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aplt-20221231_def.xml Edgar Link unprocessable