2019 Q2 Form 10-Q Financial Statement
#000114420419025546 Filed on May 13, 2019
Income Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $720.0K | $1.120M | $1.390M |
YoY Change | -22.58% | 13.13% | 26.36% |
% of Gross Profit | |||
Research & Development | $6.390M | $10.24M | $2.720M |
YoY Change | 70.22% | 8.5% | -47.89% |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $7.110M | $10.24M | $4.100M |
YoY Change | 89.4% | 8.5% | -35.18% |
Operating Profit | -$11.36M | ||
YoY Change | 8.97% | ||
Interest Expense | $130.0K | $90.00K | $10.00K |
YoY Change | -87.5% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $180.0K | ||
YoY Change | 119.51% | ||
Pretax Income | -$6.980M | -$11.27M | -$3.920M |
YoY Change | 49.79% | 8.57% | -37.18% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$6.980M | -$11.27M | -$3.920M |
YoY Change | 49.88% | 8.6% | -37.21% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$428.0K | -$820.2K | -$380.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 16.56M | 16.50M | 10.66M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q2 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $15.46M | $29.45M | $2.670M |
YoY Change | 72.93% | 96.86% | -87.74% |
Cash & Equivalents | $10.46M | $29.45M | $2.671M |
Short-Term Investments | $5.000M | $0.00 | |
Other Short-Term Assets | $220.0K | $310.0K | $1.850M |
YoY Change | -56.0% | 0.0% | 374.36% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $15.68M | $29.76M | $4.530M |
YoY Change | 66.1% | 94.89% | -79.57% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $3.000K | -$5.000K |
YoY Change | -100.0% | 0.0% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $15.68M | $29.76M | $4.530M |
Total Long-Term Assets | $0.00 | $3.000K | -$5.000K |
Total Assets | $15.68M | $29.76M | $4.525M |
YoY Change | 66.17% | 94.87% | -79.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $850.0K | $7.259M | $3.089M |
YoY Change | -73.39% | 85.7% | 99.94% |
Accrued Expenses | $920.0K | $2.150M | $2.070M |
YoY Change | -25.2% | 6.97% | 4040.0% |
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 | $1.770M | $9.412M | $5.156M |
YoY Change | -59.95% | 58.99% | 84.8% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.770M | $9.412M | $5.156M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $1.770M | $9.412M | $5.156M |
YoY Change | -59.95% | 58.99% | 84.8% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$53.48M | -$42.21M | |
YoY Change | 72.3% | 104.29% | |
Common Stock | $73.83M | $41.58M | |
YoY Change | 82.79% | 6.78% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $13.90M | $20.35M | -$631.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $15.68M | $29.76M | $4.525M |
YoY Change | 66.17% | 94.87% | -79.59% |
Cashflow Statement
Concept | 2019 Q2 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.980M | -$11.27M | -$3.920M |
YoY Change | 49.88% | 8.6% | -37.21% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$13.98M | -$5.568M | -$1.240M |
YoY Change | 132.23% | -18.35% | -70.96% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$5.000M | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$5.000M | $0.00 | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $35.00M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -20.00K | 32.35M | -900.0K |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -13.98M | -5.568M | -1.240M |
Cash From Investing Activities | -5.000M | 0.000 | 0.000 |
Cash From Financing Activities | -20.00K | 32.35M | -900.0K |
Net Change In Cash | -19.00M | 26.78M | -2.140M |
YoY Change | 215.61% | 741.78% | -49.88% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$13.98M | -$5.568M | -$1.240M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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Research And Development Expense
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Cash And Cash Equivalents At Carrying Value
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Assets
Assets
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Accounts Payable And Accrued Liabilities Current
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Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
4669000 | |
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Accounts Payable And Accrued Expenses Related Party Current
AccountsPayableAndAccruedExpensesRelatedPartyCurrent
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86000 | |
CY2018Q4 | atxi |
Accounts Payable And Accrued Expenses Related Party Current
AccountsPayableAndAccruedExpensesRelatedPartyCurrent
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Liabilities Current
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9412000 | |
CY2018Q4 | us-gaap |
Liabilities Current
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5156000 | |
CY2019Q1 | us-gaap |
Liabilities
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Liabilities
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Commitments And Contingencies
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Common Stock Value
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Stockholders Equity
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Liabilities And Stockholders Equity
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Liabilities And Stockholders Equity
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Weighted Average Number Diluted Shares Outstanding Adjustment
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|
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Weighted Average Number Diluted Shares Outstanding Adjustment
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Accounts Payable And Accrued Liabilities Current
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Accounts Payable And Accrued Liabilities Current
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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Net Income Loss
NetIncomeLoss
|
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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Payments Of Stock Issuance Costs
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Payments Of Stock Issuance Costs
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Financing Activities
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Cash Period Increase Decrease
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Accounts Payable And Accrued Liabilities
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General And Administrative Expense
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General And Administrative Expense
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Operating Income Loss
OperatingIncomeLoss
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Investment Income Interest
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Net Income Loss
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Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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Net Cash Provided By Used In Investing Activities
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Payments For Proceeds From Short Term Investments
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Research And Development Expense
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Payments For Proceeds From Short Term Investments
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Proceeds From Issuance Of Common Stock
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Stock Issued During Period Value Other
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Stockholders Equity
StockholdersEquity
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Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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Deferred Offering Costs
DeferredOfferingCosts
|
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Deferred Offering Costs
DeferredOfferingCosts
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Share Issued During Period Valueon Exercise Of Warrants
ShareIssuedDuringPeriodValueonExerciseOfWarrants
|
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Stockholders Equity
StockholdersEquity
|
20351000 | |
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Stockholders Equity
StockholdersEquity
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Net Income Loss
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|
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CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10377000 | |
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Share Based Compensation
ShareBasedCompensation
|
751000 | |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
350000 | |
CY2018Q1 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
3181000 | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2671000 | |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11782000 | |
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Cash And Cash Equivalents At Carrying Value
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|
29448000 | |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
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Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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|
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Shares Authorized
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Common Stock Par Or Stated Value Per Share
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0.0001 | |
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Common Stock Shares Authorized
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Common Stock Par Or Stated Value Per Share
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Common Stock Shares Issued
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16557122 | |
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Common Stock Shares Outstanding
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CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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Common Stock Shares Authorized
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Common Stock Shares Outstanding
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Preferred Stock Par Or Stated Value Per Share
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Use Of Estimates
UseOfEstimates
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<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.05in;margin-top: 0;text-align: justify;"><div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates</div></div></div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.05in; margin-top: 0px; text-align: justify; text-indent: 0.23in; background: none;"><div style="white-space: pre-line; font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-indent: 0.25in; text-align: justify;"><div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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 and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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|
20000 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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|
6.29 | |
CY2019Q1 | us-gaap |
Business Acquisition Share Price
BusinessAcquisitionSharePrice
|
6.00 | |
CY2019Q1 | us-gaap |
Business Acquisition Equity Interest Issued Or Issuable Value Assigned
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
|
31500000 | |
CY2019Q1 | us-gaap |
Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
|
5833333 | |
CY2019Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2019Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
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Document Period End Date
DocumentPeriodEndDate
|
2019-03-31 | |
CY2019Q1 | dei |
Document Fiscal Year Focus
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|
2019 | |
CY2019Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2019Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
AVENUE THERAPEUTICS, INC. | |
CY2019Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001644963 | |
CY2019Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2019Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2019Q1 | dei |
Trading Symbol
TradingSymbol
|
ATXI | |
CY2019Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
16559247 | |
CY2019Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2019Q1 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
true | |
CY2019Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
true |