2015 Q3 Form 10-Q Financial Statement

#000114420415049960 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $96.12K $148.8K $175.9K
YoY Change -39.9% -15.45% 41297.88%
Cost Of Revenue $50.92K $74.65K $42.37K
YoY Change -22.98% 76.19% 117583.33%
Gross Profit $45.20K $74.12K $133.6K
YoY Change -51.82% -44.51% 34238.05%
Gross Profit Margin 47.02% 49.82% 75.92%
Selling, General & Admin $920.0K $880.0K $1.120M
YoY Change 31.43% -21.43%
% of Gross Profit 2035.35% 1187.28% 838.48%
Research & Development $615.6K $452.5K $293.3K
YoY Change 111.78% 54.26% -21.34%
% of Gross Profit 1362.02% 610.49% 219.6%
Depreciation & Amortization $60.00K $50.00K $20.00K
YoY Change 200.0% 150.0%
% of Gross Profit 132.74% 67.46% 14.97%
Operating Expenses $1.535M $1.337M $1.415M
YoY Change 55.09% -5.52% 26.99%
Operating Profit -$1.490M -$1.263M -$1.281M
YoY Change 66.28% -1.46% 15.05%
Interest Expense $80.65K $60.10K $72.39K
YoY Change 7.85% -16.98% 125.97%
% of Operating Profit
Other Income/Expense, Net -$133.9K -$157.5K -$51.65K
YoY Change -34.49% 204.91% -62.38%
Pretax Income -$1.620M -$1.420M -$1.330M
YoY Change 47.27% 6.77%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.624M -$1.420M -$1.333M
YoY Change 47.56% 6.54% 6.55%
Net Earnings / Revenue -1689.35% -954.73% -757.72%
Basic Earnings Per Share
Diluted Earnings Per Share -$572.4K -$636.8K -$1.167M
COMMON SHARES
Basic Shares Outstanding 2.826M shares 39.15M shares 22.20M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $10.00K $60.00K
YoY Change -97.3% -83.33%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $370.0K $180.0K $20.00K
YoY Change 1133.33% 800.0%
Inventory $2.492K $2.492K $20.00K
Prepaid Expenses
Receivables $50.98K $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $385.0K $246.1K $100.0K
YoY Change -8.66% 146.14% 51.03%
LONG-TERM ASSETS
Property, Plant & Equipment $662.5K $702.3K $20.00K
YoY Change 800.44% 3411.74% -51.47%
Goodwill
YoY Change
Intangibles $1.057M $1.076M
YoY Change 0.22%
Long-Term Investments
YoY Change
Other Assets $50.00K $50.00K
YoY Change 0.0%
Total Long-Term Assets $1.766M $1.824M $1.090M
YoY Change 50.33% 67.38% -7.91%
TOTAL ASSETS
Total Short-Term Assets $385.0K $246.1K $100.0K
Total Long-Term Assets $1.766M $1.824M $1.090M
Total Assets $2.151M $2.071M $1.190M
YoY Change 34.75% 74.0% -4.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.110M $1.747M $890.0K
YoY Change 172.62% 96.25% -11.27%
Accrued Expenses $1.969M $1.887M $1.230M
YoY Change 61.38% 53.45% -10.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.240M $1.120M $5.910M
YoY Change -76.02% -81.05%
Total Short-Term Liabilities $5.465M $4.920M $8.260M
YoY Change -26.42% -40.44% 146.27%
LONG-TERM LIABILITIES
Long-Term Debt $420.0K $30.00K $80.00K
YoY Change -32.26% -62.5%
Other Long-Term Liabilities $40.00K $0.00 $0.00
YoY Change
Total Long-Term Liabilities $460.0K $30.00K $80.00K
YoY Change -25.81% -62.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.465M $4.920M $8.260M
Total Long-Term Liabilities $460.0K $30.00K $80.00K
Total Liabilities $5.927M $4.951M $8.330M
YoY Change -26.41% -40.56% 19.25%
SHAREHOLDERS EQUITY
Retained Earnings -$30.20M -$28.58M
YoY Change
Common Stock $2.882K $2.818K
YoY Change -90.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.00K $32.00K
YoY Change 0.0%
Treasury Stock Shares 27.93K shares 27.93K shares 558.6K shares
Shareholders Equity -$3.776M -$2.881M -$7.150M
YoY Change
Total Liabilities & Shareholders Equity $2.151M $2.071M $1.190M
YoY Change 34.75% 74.0% -4.79%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$1.624M -$1.420M -$1.333M
YoY Change 47.56% 6.54% 6.55%
Depreciation, Depletion And Amortization $60.00K $50.00K $20.00K
YoY Change 200.0% 150.0%
Cash From Operating Activities -$590.0K -$810.0K -$950.0K
YoY Change -28.92% -14.74%
INVESTING ACTIVITIES
Capital Expenditures -$210.0K -$60.00K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$210.0K -$60.00K $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 790.0K 730.0K 900.0K
YoY Change -31.3% -18.89%
NET CHANGE
Cash From Operating Activities -590.0K -810.0K -950.0K
Cash From Investing Activities -210.0K -60.00K 0.000
Cash From Financing Activities 790.0K 730.0K 900.0K
Net Change In Cash -10.00K -140.0K -50.00K
YoY Change -103.12% 180.0%
FREE CASH FLOW
Cash From Operating Activities -$590.0K -$810.0K -$950.0K
Capital Expenditures -$210.0K -$60.00K $0.00
Free Cash Flow -$380.0K -$750.0K -$950.0K
YoY Change -54.22% -21.05%

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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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brtx Warrant Modification Expense
WarrantModificationExpense
0 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-292910 USD
us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.60
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Accretion Expense
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us-gaap Accretion Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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0 USD
us-gaap Interest Paid
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46161 USD
CY2015Q2 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
68000 USD
us-gaap Interest Paid
InterestPaid
43821 USD
brtx Conversion Of Notes Payable And Accruedinterest In To Common Stock
ConversionOfNotesPayableAndAccruedinterestInToCommonStock
170065 USD
brtx Conversion Of Notes Payable And Accruedinterest In To Common Stock
ConversionOfNotesPayableAndAccruedinterestInToCommonStock
166768 USD
brtx Reclassification Of Accrued Interest In Connection With Note Payable Issuance
ReclassificationOfAccruedInterestInConnectionWithNotePayableIssuance
0 USD
brtx Reclassification Of Accrued Interest In Connection With Note Payable Issuance
ReclassificationOfAccruedInterestInConnectionWithNotePayableIssuance
73058 USD
us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
10690 USD
us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
41384 USD
brtx Accrued Purchases Of Property And Equipment
AccruedPurchasesOfPropertyAndEquipment
109487 USD
brtx Accrued Purchases Of Property And Equipment
AccruedPurchasesOfPropertyAndEquipment
0 USD
CY2015Q2 brtx Working Capital Net
WorkingCapitalNet
4673421 USD
us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u><font style="FONT-SIZE: 10pt">Use of Estimates</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the periods. The Company&#8217;s significant estimates and assumptions include the recoverability and useful lives of long-lived assets, the fair value of the Company&#8217;s stock, stock-based compensation, warrants issued in connection with notes payable and the valuation allowance related to the Company&#8217;s deferred tax assets. Certain of the Company&#8217;s estimates, including the carrying amount of the intangible assets, could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company&#8217;s estimates and could cause actual results to differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q4 us-gaap Notes Payable
NotesPayable
5738239 USD
CY2015Q2 us-gaap Notes Payable
NotesPayable
1145319 USD
brtx Note Payable Principal Issued
NotePayablePrincipalIssued
559000 USD
brtx Exchanges For Equity
ExchangesForEquity
5020478 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
158333 USD
brtx Recognition Of Debt Discount
RecognitionOfDebtDiscount
115005 USD
CY2015Q2 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
0 USD
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
50982 USD
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
0 USD
CY2015Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
152167 USD
CY2014Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8050 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
144117 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1051000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
170065 USD
brtx Shares Issued In Satisfaction Of Accrued Interest
SharesIssuedInSatisfactionOfAccruedInterest
8481 USD
brtx Stocks And Warrants Issued During Period Value In Connection With Settlement Agreement
StocksAndWarrantsIssuedDuringPeriodValueInConnectionWithSettlementAgreement
152000 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
54415 USD
brtx Stocks And Warrants Issued During Period Value In Exchange Of Debt
StocksAndWarrantsIssuedDuringPeriodValueInExchangeOfDebt
5142065 USD
brtx Warrant Modification Charge
WarrantModificationCharge
15900 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
99147 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
484526 USD
brtx Revenue Received
RevenueReceived
605359 USD
us-gaap Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
491241 USD
CY2015Q1 brtx Class Of Warrant Or Rightst Expiration Date
ClassOfWarrantOrRightstExpirationDate
2015-12-31
CY2015Q2 brtx Class Of Warrant Or Rightst Expiration Date
ClassOfWarrantOrRightstExpirationDate
2017-12-31
CY2015Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
29000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
64000 USD
CY2015Q1 brtx Class Of Warrant Or Righst Expiration Date
ClassOfWarrantOrRighstExpirationDate
2015-12-31
CY2015Q2 brtx Class Of Warrant Or Righst Expiration Date
ClassOfWarrantOrRighstExpirationDate
2017-12-31
CY2015Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5000 shares
CY2015Q2 brtx Share Based Compensation Exercise Price Range Number Of Outstanding Warrants
ShareBasedCompensationExercisePriceRangeNumberOfOutstandingWarrants
728850 shares
brtx Share Based Compensations Exercise Price Range Exercisable Warrant Weighted Average Remaining Contractual Term
ShareBasedCompensationsExercisePriceRangeExercisableWarrantWeightedAverageRemainingContractualTerm
P3Y10M24D
CY2015Q2 brtx Share Based Compensation Exercise Price Range Number Of Exercisable Warrants
ShareBasedCompensationExercisePriceRangeNumberOfExercisableWarrants
693850 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
779200 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
45000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
35000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
789200 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
365327 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.18
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.49
brtx Share Based Compensation Arrangements By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y2M12D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
28500 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
317000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.82
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.34
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.25
CY2015Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
789200 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P7Y2M12D
CY2015Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
365327 shares
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
14000 USD
CY2013Q4 us-gaap Loss Contingency Allegations
LossContingencyAllegations
The action was associated with an alleged $5,000 loan made in 2009 and an alleged consulting/employment agreement entered into with the Company effective in 2009.
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
99147 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
240398 USD
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
226327 USD
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22500 USD
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
0 USD
us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
19198 shares
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
99147 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.94
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.64
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.80
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
625 shares
CY2014Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4000 USD
CY2015Q2 brtx Warrant Or Right Expense Or Revenue Recognized
WarrantOrRightExpenseOrRevenueRecognized
10000 USD
brtx Warrant Or Right Expense Or Revenue Recognized
WarrantOrRightExpenseOrRevenueRecognized
10000 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
brtx Indebtedness Satisfied Via Legal Settlement
IndebtednessSatisfiedViaLegalSettlement
5000 USD
brtx Indebtedness Satisfied Via Legal Settlement
IndebtednessSatisfiedViaLegalSettlement
0 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Concentrations and Credit Risk</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Two pharmaceutical clients comprised substantially all of the Company&#8217;s revenue during the three and six months ended June 30, 2015. See Revenue Recognition &#150; Research and Development Agreements below.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
68000 USD
CY2014Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0 USD
CY2014Q2 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
41384 USD
CY2015Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
315000 USD
brtx Warrant Modification Extension Expense
WarrantModificationExtensionExpense
10000 USD
brtx Warrant Modification Extension Expense
WarrantModificationExtensionExpense
30128 USD
brtx Warrants Issued During Period Number Of Warrants
WarrantsIssuedDuringPeriodNumberOfWarrants
19750 shares
CY2015Q2 brtx Warrants Issued During Period Exercise Price
WarrantsIssuedDuringPeriodExercisePrice
8.75

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