2022 Q3 Form 10-K Financial Statement

#000119312522237075 Filed on September 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $0.00 $0.00 $73.00K
YoY Change -100.0% 23.73%
Cost Of Revenue $9.000K $9.000K
YoY Change -92.68%
Gross Profit -$9.000K $64.00K
YoY Change -200.0%
Gross Profit Margin 87.67%
Selling, General & Admin $1.920M $1.553M $6.646M
YoY Change -5.97% 1.11% 2.06%
% of Gross Profit 10384.38%
Research & Development $2.660M $3.176M $11.27M
YoY Change -4.32% 36.9% 60.57%
% of Gross Profit 17612.5%
Depreciation & Amortization $42.00K $167.0K
YoY Change -19.23% -27.71%
% of Gross Profit 260.94%
Operating Expenses $4.580M $4.729M $17.93M
YoY Change -5.02% 22.61% 32.48%
Operating Profit -$4.580M -$4.738M -$17.85M
YoY Change -5.02% 31.32%
Interest Expense -$9.000K -$279.0K -$32.00K
YoY Change -95.96% 88.51% -90.09%
% of Operating Profit
Other Income/Expense, Net -$513.0K -$50.00K -$354.0K
YoY Change -1056.76%
Pretax Income -$5.093M -$5.067M -$17.37M
YoY Change 0.95% 26.58% 25.12%
Income Tax
% Of Pretax Income
Net Earnings -$5.100M -$5.067M -$18.21M
YoY Change 1.09% 26.58% 31.16%
Net Earnings / Revenue -24942.47%
Basic Earnings Per Share -$0.47 -$2.23
Diluted Earnings Per Share -$0.47 -$620.1K -$2.23
COMMON SHARES
Basic Shares Outstanding 8.172M 8.172M
Diluted Shares Outstanding 10.86M 8.172M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.53M $4.062M $4.062M
YoY Change 5.13% -79.45% -79.45%
Cash & Equivalents $16.50M $4.100M $4.062M
Short-Term Investments
Other Short-Term Assets $531.0K $741.0K $755.0K
YoY Change -17.29% -8.97% -7.25%
Inventory
Prepaid Expenses $643.0K $871.0K
Receivables $3.000K $3.000K $3.000K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.08M $4.820M $4.820M
YoY Change 4.33% -76.61% -76.61%
LONG-TERM ASSETS
Property, Plant & Equipment $179.0K $222.0K $993.0K
YoY Change -85.91% -61.53% 72.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $119.0K $135.0K $160.0K
YoY Change -38.66% -30.41% -17.53%
Total Long-Term Assets $1.034M $1.153M $1.153M
YoY Change -29.37% 49.55% 49.55%
TOTAL ASSETS
Total Short-Term Assets $17.08M $4.820M $4.820M
Total Long-Term Assets $1.034M $1.153M $1.153M
Total Assets $18.12M $5.973M $5.973M
YoY Change 1.56% -72.06% -72.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $608.0K $422.0K $422.0K
YoY Change 88.24% 54.01% 54.01%
Accrued Expenses $2.275M $2.039M $2.039M
YoY Change 90.86% 121.39% 121.39%
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 $3.011M $2.532M $2.532M
YoY Change 88.07% 84.95% 84.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $491.0K $559.0K $559.0K
YoY Change -35.39%
Total Long-Term Liabilities $491.0K $559.0K $559.0K
YoY Change -35.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.011M $2.532M $2.532M
Total Long-Term Liabilities $491.0K $559.0K $559.0K
Total Liabilities $3.502M $3.091M $3.091M
YoY Change 48.33% 125.79% 125.79%
SHAREHOLDERS EQUITY
Retained Earnings -$153.4M -$148.3M
YoY Change 13.99%
Common Stock $168.8M $152.5M
YoY Change 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.61M $2.882M $2.882M
YoY Change
Total Liabilities & Shareholders Equity $18.12M $5.973M $5.973M
YoY Change 1.56% -72.06% -72.06%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$5.100M -$5.067M -$18.21M
YoY Change 1.09% 26.58% 31.16%
Depreciation, Depletion And Amortization $42.00K $167.0K
YoY Change -19.23% -27.71%
Cash From Operating Activities -$4.000M -$4.855M -$15.90M
YoY Change -6.5% -5.76% 23.91%
INVESTING ACTIVITIES
Capital Expenditures -$13.00K $13.00K
YoY Change -109.35% -105.88%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 -$13.00K -$13.00K
YoY Change -109.35% -94.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.02M 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -4.000M -4.855M -15.90M
Cash From Investing Activities 0.000 -13.00K -13.00K
Cash From Financing Activities 16.02M 0.000 0.000
Net Change In Cash 12.47M -4.868M -15.71M
YoY Change -391.51% -163.56% -265.89%
FREE CASH FLOW
Cash From Operating Activities -$4.000M -$4.855M -$15.90M
Capital Expenditures -$13.00K $13.00K
Free Cash Flow -$4.842M -$15.91M
YoY Change -8.49% 26.18%

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CY2019Q4 bntc Common Stock Shares Redomiciliation Description
CommonStockSharesRedomiciliationDescription
one Benitec Biopharma Inc. share for every 300 BBL shares
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8171690
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001808898
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Use of Estimates </div></div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in the Company’s consolidated financial statements and accompanying notes. The most significant estimates and assumptions in the Company’s consolidated financial statements include the estimates of useful lives of property and equipment, valuation of the operating lease liability and related right-of-use asset, valuation of equity-based instruments issued for other than cash, the valuation allowance on deferred tax assets, and accrued research and development expense. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected. </div></div></div>
CY2022 dei Document Type
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10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
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2022-06-30
CY2022 dei Current Fiscal Year End Date
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--06-30
CY2022 dei Document Fiscal Year Focus
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2022
CY2022 dei Document Transition Report
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false
CY2022 dei Entity File Number
EntityFileNumber
001-39267
CY2022 dei Entity Registrant Name
EntityRegistrantName
Benitec Biopharma Inc.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
3940 Trust Way
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Hayward
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94545
CY2022 dei City Area Code
CityAreaCode
510
CY2022 dei Local Phone Number
LocalPhoneNumber
780-0819
CY2022 dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001
CY2022 dei Trading Symbol
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BNTC
CY2022 dei Security Exchange Name
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NASDAQ
CY2022 dei Entity Well Known Seasoned Issuer
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No
CY2022 dei Entity Voluntary Filers
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No
CY2022 dei Entity Current Reporting Status
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Yes
CY2022 dei Entity Interactive Data Current
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Yes
CY2022 dei Entity Filer Category
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Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Public Float
EntityPublicFloat
21383111
CY2022 dei Auditor Firm
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23
CY2022 dei Auditor Name
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BAKER TILLY US, LLP
CY2022 dei Auditor Location
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Campbell, California
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022 us-gaap Concentration Risk Credit Risk
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<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Prior Period Reclassification </div></div></div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain amounts in the prior period have been reclassified to conform with current period presentation. </div></div></div>
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CY2021Q2 bntc Weighted Average Exercise Price Of Class Of Warrants Or Rights Outstanding
WeightedAverageExercisePriceOfClassOfWarrantsOrRightsOutstanding
10.5
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
7911000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-839000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5971000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.6
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.68
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.221
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.12
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.274
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0136
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0044
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0055
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
870000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
634000
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
522000
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1266000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-17369000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-18208000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-13882000
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17348000
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15902000
CY2022Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
348000
CY2021Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
230000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
870000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
634000
CY2022 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-1000
CY2021 us-gaap Increase Decrease In Accounts And Other Receivables
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-28000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-62000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4000
CY2022 bntc Increasedecrease In Accounts And Other Payables
IncreasedecreaseInAccountsAndOtherPayables
1090000
CY2021 bntc Increasedecrease In Accounts And Other Payables
IncreasedecreaseInAccountsAndOtherPayables
55000
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
80000
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
121000
CY2022 bntc Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-196000
CY2021 bntc Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-192000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15899000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12832000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
221000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-221000
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25750000
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3228000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22522000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
204000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
499000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15708000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9968000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19784000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9816000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4076000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19784000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4062000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19769000
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
14000
CY2021Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
15000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4076000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19784000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
794000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2022 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-11-22
CY2019Q4 bntc Common Stock Shares Redomiciliation Description
CommonStockSharesRedomiciliationDescription
one Benitec Biopharma Inc. share for every 300 BBL shares
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0
CY2021 bntc Class Of Warrants Or Rights Excercised During The Period
ClassOfWarrantsOrRightsExcercisedDuringThePeriod
559162
CY2021 bntc Weighted Average Exercise Price Of Class Of Warrants Or Exercised During The Period
WeightedAverageExercisePriceOfClassOfWarrantsOrExercisedDuringThePeriod
3.1
CY2021 bntc Class Of Warrants Or Rights Cashless Exercise Of Warrants
ClassOfWarrantsOrRightsCashlessExerciseOfWarrants
38329
CY2022Q2 bntc Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
170000
CY2021Q2 bntc Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
45000
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
205000
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
88000
CY2022Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
250000
CY2021Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
212000
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
18321000
CY2021Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16477000
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17965000
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16223000
CY2022Q2 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
162000
CY2021Q2 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
42000
CY2022Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
43000
CY2021Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
76000
CY2022Q2 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
151000
CY2021Q2 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
136000
CY2022Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
356000
CY2021Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
254000
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1742
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 bntc Effective Income Tax Reconciliation Percentage Permanent Differences
EffectiveIncomeTaxReconciliationPercentagePermanentDifferences
-0.0022
CY2021 bntc Effective Income Tax Reconciliation Percentage Permanent Differences
EffectiveIncomeTaxReconciliationPercentagePermanentDifferences
-0.089
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.0036
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.0032
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2055
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.139
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0013
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0212
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Use of Estimates </div></div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in the Company’s consolidated financial statements and accompanying notes. The most significant estimates and assumptions in the Company’s consolidated financial statements include the estimates of useful lives of property and equipment, valuation of the operating lease liability and related right-of-use asset, valuation of equity-based instruments issued for other than cash, the valuation allowance on deferred tax assets, and accrued research and development expense. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected. </div></div></div>
CY2021Q2 bntc Accrued Opmd Project Costs Current
AccruedOpmdProjectCostsCurrent
-279000
CY2022Q2 bntc Accrued Consultant Fees Current
AccruedConsultantFeesCurrent
47000
CY2021Q2 bntc Accrued Consultant Fees Current
AccruedConsultantFeesCurrent
36000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
71000
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.6891
CY2021Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.7506
CY2022 bntc Average Foreign Exchange Rate For The Period
AverageForeignExchangeRateForThePeriod
0.7254
CY2021 bntc Average Foreign Exchange Rate For The Period
AverageForeignExchangeRateForThePeriod
0.747
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
14000
CY2021Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
15000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Concentrations of Risk </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash. The Company maintains deposits at federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses in such accounts, and management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held. </div>
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-18208000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-13882000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8171690
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8171690
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4295416
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4295416
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.23
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.23
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.23
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.23
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
115000
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1880000
CY2021Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
880000
CY2021 bntc Weighted Average Exercise Price Of Class Of Warrants Or Exercised During The Period Cash Less Exercise Of Warrants
WeightedAverageExercisePriceOfClassOfWarrantsOrExercisedDuringThePeriodCashLessExerciseOfWarrants
82.5
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
845159
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
809159
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Prior Period Reclassification </div></div></div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain amounts in the prior period have been reclassified to conform with current period presentation. </div></div></div>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-18200000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-13900000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15900000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12800000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4100000
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
73000
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
59000
CY2020Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
145424
CY2020Q2 bntc Weighted Average Exercise Price Of Class Of Warrants Or Rights Outstanding
WeightedAverageExercisePriceOfClassOfWarrantsOrRightsOutstanding
29.48
CY2021 bntc Class Of Warrants Or Rights Grants In Period
ClassOfWarrantsOrRightsGrantsInPeriod
559162
CY2021 bntc Weighted Average Exercise Price Of Class Of Warrants Or Granted During The Period
WeightedAverageExercisePriceOfClassOfWarrantsOrGrantedDuringThePeriod
3.09
CY2022Q2 us-gaap Due From Banks
DueFromBanks
4062000
CY2021Q2 us-gaap Due From Banks
DueFromBanks
19769000
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
14000
CY2021Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
15000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4076000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19784000
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
871000
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
967000
CY2022Q2 bntc Market Value Of Listed Shares
MarketValueOfListedShares
5000
CY2021Q2 bntc Market Value Of Listed Shares
MarketValueOfListedShares
17000
CY2022Q2 us-gaap Other Assets
OtherAssets
876000
CY2021Q2 us-gaap Other Assets
OtherAssets
984000
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
135000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
185000
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
741000
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
799000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1404000
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1393000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1182000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1018000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
222000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
375000
CY2022 us-gaap Depreciation
Depreciation
167000
CY2021 us-gaap Depreciation
Depreciation
231000
CY2022Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
422000
CY2021Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
274000
CY2022Q2 bntc Accrued Licence Fees Current
AccruedLicenceFeesCurrent
120000
CY2021Q2 bntc Accrued Licence Fees Current
AccruedLicenceFeesCurrent
140000
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
131000
CY2021Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
36000
CY2022Q2 bntc Accrued Opmd Project Costs Current
AccruedOpmdProjectCostsCurrent
-1089000
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
193000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
202000
CY2022 bntc Operating Lease Right Of Use Asset Remasurement During The Period
OperatingLeaseRightOfUseAssetRemasurementDuringThePeriod
794000
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
225000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
771000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
192000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
213000
CY2022 bntc Remeasurement Of Lease Liabilities During The Period
RemeasurementOfLeaseLiabilitiesDuringThePeriod
794000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
196000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
811000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
559000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
252000
CY2022Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P2Y11M15D
CY2022Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0467
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
285000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
295000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
291000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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