2014 Q3 Form 10-Q Financial Statement

#000114420414047210 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $860.0K $830.0K
YoY Change 84.44%
% of Gross Profit
Research & Development $530.0K $320.3K
YoY Change 632.22%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $1.390M $1.146M $960.0K
YoY Change 44.79% 131.67% 540.0%
Operating Profit -$1.146M
YoY Change 131.67%
Interest Expense $2.020M $27.76K
YoY Change 41.68%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income $640.0K $410.0K -$960.0K
YoY Change -166.67% -180.39% 405.26%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $640.0K $410.8K -$960.0K
YoY Change -166.67% -179.86% 405.26%
Net Earnings / Revenue
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $8.868K $0.01 -$44.92K
COMMON SHARES
Basic Shares Outstanding 72.08M shares 71.95M shares 59.15M shares
Diluted Shares Outstanding 72.08M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $830.0K $1.800M $560.0K
YoY Change 48.21% 275.0% 2700.0%
Cash & Equivalents $833.5K $1.803M $557.3K
Short-Term Investments
Other Short-Term Assets $40.00K $30.00K $20.00K
YoY Change 100.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $877.0K $1.835M $1.577M
YoY Change -44.39% 284.24% 7612.37%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00 $322.00
YoY Change -100.0% -100.0% -64.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $10.06K
YoY Change -100.0%
Total Long-Term Assets $0.00 $0.00 $10.38K
YoY Change -100.0% -100.0% 1043.61%
TOTAL ASSETS
Total Short-Term Assets $877.0K $1.835M $1.577M
Total Long-Term Assets $0.00 $0.00 $10.38K
Total Assets $877.0K $1.835M $1.587M
YoY Change -44.75% 284.2% 7333.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.8K $166.0K $314.8K
YoY Change -44.14% -46.02% 21.8%
Accrued Expenses $270.0K $220.0K $140.0K
YoY Change 92.86% -60.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.724M $3.460M $455.6K
YoY Change 497.81% 725.28% -82.15%
LONG-TERM LIABILITIES
Long-Term Debt $960.0K $950.0K $940.0K
YoY Change 2.13% 291.67%
Other Long-Term Liabilities $4.090M $5.320M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $5.046M $6.272M $944.7K
YoY Change 434.11% 291.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.724M $3.460M $455.6K
Total Long-Term Liabilities $5.046M $6.272M $944.7K
Total Liabilities $7.769M $9.732M $1.400M
YoY Change 454.83% 2221.22% -49.88%
SHAREHOLDERS EQUITY
Retained Earnings -$12.77M -$4.632M
YoY Change 175.8%
Common Stock $5.882M $72.00K $60.15K
YoY Change 9680.12% 22.77% 965.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.892M -$7.897M $187.0K
YoY Change
Total Liabilities & Shareholders Equity $877.0K $1.835M $1.587M
YoY Change -44.75% 284.2% 7333.07%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q3
OPERATING ACTIVITIES
Net Income $640.0K $410.8K -$960.0K
YoY Change -166.67% -179.86% 405.26%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change
Cash From Operating Activities -$970.0K -$740.0K -$660.0K
YoY Change 46.97% 48.0% 560.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -100.0K 750.0K
YoY Change -100.0% -110.31% 650.0%
NET CHANGE
Cash From Operating Activities -970.0K -740.0K -660.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 0.000 -100.0K 750.0K
Net Change In Cash -970.0K -840.0K 90.00K
YoY Change -1177.78% -278.72% -309237645312000600.0%
FREE CASH FLOW
Cash From Operating Activities -$970.0K -$740.0K -$660.0K
Capital Expenditures $0.00
Free Cash Flow -$740.0K
YoY Change

Facts In Submission

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92500 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1036527 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
748600 USD
arth Noncash Interest Expense On Notes Payable
NoncashInterestExpenseOnNotesPayable
83295 USD
arth Noncash Interest Expense On Notes Payable
NoncashInterestExpenseOnNotesPayable
0 USD
arth Noncash Interest Expense On Notes Payable
NoncashInterestExpenseOnNotesPayable
83295 USD
arth Noncash Interest Expense On Convertible Notes Payable
NoncashInterestExpenseOnConvertibleNotesPayable
441253 USD
arth Noncash Interest Expense On Convertible Notes Payable
NoncashInterestExpenseOnConvertibleNotesPayable
82147 USD
arth Noncash Interest Expense On Convertible Notes Payable
NoncashInterestExpenseOnConvertibleNotesPayable
0 USD
arth Noncash Interest Expense On Notes Payable To Related Party
NoncashInterestExpenseOnNotesPayableToRelatedParty
142057 USD
arth Noncash Interest Expense On Notes Payable To Related Party
NoncashInterestExpenseOnNotesPayableToRelatedParty
25599 USD
arth Noncash Interest Expense On Notes Payable To Related Party
NoncashInterestExpenseOnNotesPayableToRelatedParty
0 USD
arth Repayment Of Accrued Interest To Related Parties
RepaymentOfAccruedInterestToRelatedParties
-98288 USD
arth Repayment Of Accrued Interest To Related Parties
RepaymentOfAccruedInterestToRelatedParties
-98288 USD
arth Repayment Of Accrued Interest To Related Parties
RepaymentOfAccruedInterestToRelatedParties
0 USD
arth Non Cash Expense For Issuance Of Warrants
NonCashExpenseForIssuanceOfWarrants
5472000 USD
arth Non Cash Expense For Issuance Of Warrants
NonCashExpenseForIssuanceOfWarrants
0 USD
arth Non Cash Expense For Issuance Of Warrants
NonCashExpenseForIssuanceOfWarrants
5472000 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
77878 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
0 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
77625 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
22144 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2187 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2515 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
10062 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
0 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
0 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
166011 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
49122 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-148758 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
216110 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5788126 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-765570 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2379498 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19053 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19053 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
arth Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
4624703 USD
arth Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
1250000 USD
arth Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
2624703 USD
arth Proceeds From Repayments Of Notes Payable Related Parties
ProceedsFromRepaymentsOfNotesPayableRelatedParties
-275200 USD
arth Proceeds From Repayments Of Notes Payable Related Parties
ProceedsFromRepaymentsOfNotesPayableRelatedParties
-275200 USD
arth Proceeds From Repayments Of Notes Payable Related Parties
ProceedsFromRepaymentsOfNotesPayableRelatedParties
0 USD
us-gaap Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
275200 USD
us-gaap Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
0 USD
us-gaap Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
105000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1880000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
250000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1000000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7609703 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1224800 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3624703 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1802524 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
459230 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1245205 USD
CY2006Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17139 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
476369 USD
us-gaap Interest Paid
InterestPaid
98288 USD
us-gaap Interest Paid
InterestPaid
98288 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
arth Promissory Notes Receivable Debt With Warrants Issuance Costs Incurred During Non Cash Or Partial Non Cash Transaction
PromissoryNotesReceivableDebtWithWarrantsIssuanceCostsIncurredDuringNonCashOrPartialNonCashTransaction
1000000 USD
arth Promissory Notes Receivable Debt With Warrants Issuance Costs Incurred During Non Cash Or Partial Non Cash Transaction
PromissoryNotesReceivableDebtWithWarrantsIssuanceCostsIncurredDuringNonCashOrPartialNonCashTransaction
0 USD
arth Promissory Notes Receivable Debt With Warrants Issuance Costs Incurred During Non Cash Or Partial Non Cash Transaction
PromissoryNotesReceivableDebtWithWarrantsIssuanceCostsIncurredDuringNonCashOrPartialNonCashTransaction
0 USD
arth Stock Issued During Period Value Exchange Of Debt And Accrued Interest
StockIssuedDuringPeriodValueExchangeOfDebtAndAccruedInterest
2470022 USD
arth Stock Issued During Period Value Exchange Of Debt And Accrued Interest
StockIssuedDuringPeriodValueExchangeOfDebtAndAccruedInterest
0 USD
arth Stock Issued During Period Value Exchange Of Debt And Accrued Interest
StockIssuedDuringPeriodValueExchangeOfDebtAndAccruedInterest
0 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
Arch Therapeutics, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001537561
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
ARTH
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
72076487 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8549322 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71949564 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6613249 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65933378 shares
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2013Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
8549322 shares
CY2014Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
72084748 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
6613249 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
65933378 shares
arth Loss On Issuance Of Warrants
LossOnIssuanceOfWarrants
7541693 USD
CY2013Q2 arth Loss On Issuance Of Warrants
LossOnIssuanceOfWarrants
0 USD
CY2014Q2 arth Loss On Issuance Of Warrants
LossOnIssuanceOfWarrants
0 USD
arth Loss On Issuance Of Warrants
LossOnIssuanceOfWarrants
0 USD
arth Loss On Issuance Of Warrants
LossOnIssuanceOfWarrants
7541693 USD
CY2014Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
2765 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
8294 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
8322000 USD
CY2013Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
2000000 USD
CY2013Q2 arth Unit Issued Price Per Share
UnitIssuedPricePerShare
0.50
CY2013Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.75
CY2013Q2 arth Proceeds From Investors In Contemplation Of Merger
ProceedsFromInvestorsInContemplationOfMerger
2000000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
3000000 shares

Files In Submission

Name View Source Status
0001144204-14-047210-index-headers.html Edgar Link pending
0001144204-14-047210-index.html Edgar Link pending
0001144204-14-047210.txt Edgar Link pending
0001144204-14-047210-xbrl.zip Edgar Link pending
arth-20140630.xml Edgar Link completed
arth-20140630.xsd Edgar Link pending
arth-20140630_cal.xml Edgar Link unprocessable
arth-20140630_def.xml Edgar Link unprocessable
arth-20140630_lab.xml Edgar Link unprocessable
arth-20140630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
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v385177_10q.htm Edgar Link pending
v385177_ex31-1.htm Edgar Link pending
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