2021 Form 10-K Financial Statement

#000147793222001741 Filed on March 30, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $87.75K $17.50K $164.5K
YoY Change -46.65% -89.43% -0.6%
Cost Of Revenue $47.95K $8.000K $50.60K
YoY Change -5.23% -82.42% 11.2%
Gross Profit $39.81K $9.500K $113.9K
YoY Change -65.05% -92.08% -5.08%
Gross Profit Margin 45.36% 54.29% 69.24%
Selling, General & Admin $2.964M $315.8K $1.162M
YoY Change 155.13% -74.18% -5.01%
% of Gross Profit 7447.53% 3324.11% 1020.11%
Research & Development $109.2K $0.00
YoY Change
% of Gross Profit 274.29% 0.0%
Depreciation & Amortization $92.08K $16.77K $66.79K
YoY Change 37.86% 51.22% 147.83%
% of Gross Profit 231.33% 176.53% 58.64%
Operating Expenses $3.166M $332.6K $1.229M
YoY Change 157.64% -73.4% -1.71%
Operating Profit -$3.126M -$323.1K -$1.115M
YoY Change 180.4% -71.41% -1.36%
Interest Expense $4.278M -$38.30M $1.230M
YoY Change 247.96% 448.08% -117.6%
% of Operating Profit
Other Income/Expense, Net $22.34M -$35.21M
YoY Change -163.44%
Pretax Income $19.21M -$38.62M -$36.33M
YoY Change -152.89% 355.23% 328.18%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $19.21M -$38.62M -$36.33M
YoY Change -152.89% 355.23% 328.18%
Net Earnings / Revenue 21892.75% -220685.71% -22082.21%
Basic Earnings Per Share $7.37 -$62.69
Diluted Earnings Per Share $5.61 -$31.93M -$62.69
COMMON SHARES
Basic Shares Outstanding 2.605M shares 579.5K shares
Diluted Shares Outstanding 3.249M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.72M $98.01K $98.01K
YoY Change 10841.61% 10.56% 10.56%
Cash & Equivalents $98.01K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $10.87K $0.00
Prepaid Expenses
Receivables $2.490K $0.00 $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.74M $98.01K $98.01K
YoY Change 10855.23% 3.99% 3.99%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.280K
YoY Change
Total Long-Term Assets $531.0K $619.8K $619.8K
YoY Change -14.33% 41.97% 41.97%
TOTAL ASSETS
Total Short-Term Assets $10.74M $98.01K $98.01K
Total Long-Term Assets $531.0K $619.8K $619.8K
Total Assets $11.27M $717.8K $717.8K
YoY Change 1469.87% 35.23% 35.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $761.9K $350.9K $350.9K
YoY Change 117.12% 9.39% 9.39%
Accrued Expenses $24.39K $159.8K $159.8K
YoY Change -84.73% 32.6% 32.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $788.7K $788.7K
YoY Change -100.0% -25.75% -25.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.050M $40.52M $40.52M
YoY Change -97.41% 371.05% 371.05%
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 $1.050M $40.52M $40.52M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.050M $40.52M $40.52M
YoY Change -97.41% 371.05% 371.05%
SHAREHOLDERS EQUITY
Retained Earnings -$61.89M
YoY Change
Common Stock $1.537K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.22M -$39.80M -$39.80M
YoY Change
Total Liabilities & Shareholders Equity $11.27M $717.8K $717.8K
YoY Change 1469.87% 35.23% 35.23%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $19.21M -$38.62M -$36.33M
YoY Change -152.89% 355.23% 328.18%
Depreciation, Depletion And Amortization $92.08K $16.77K $66.79K
YoY Change 37.86% 51.22% 147.83%
Cash From Operating Activities -$2.216M $56.98K -$434.6K
YoY Change 409.9% -122.57% -64.18%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$250.0K -$250.0K
YoY Change
Cash From Investing Activities $0.00 -$250.0K -$250.0K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.76M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $12.84M 252.3K $693.9K
YoY Change 1750.59% 37.99% -30.45%
NET CHANGE
Cash From Operating Activities -$2.216M 56.98K -$434.6K
Cash From Investing Activities $0.00 -250.0K -$250.0K
Cash From Financing Activities $12.84M 252.3K $693.9K
Net Change In Cash $10.63M 59.30K $9.364K
YoY Change 113375.63% -185.23% -104.35%
FREE CASH FLOW
Cash From Operating Activities -$2.216M $56.98K -$434.6K
Capital Expenditures $0.00
Free Cash Flow -$2.216M
YoY Change

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CY2020 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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101351 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
989346 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
0 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Use of Estimates</strong></em> - The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the U.S. 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 balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2021Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
250000 USD
CY2021Q3 celz Obligation Of The Initial Payment
ObligationOfTheInitialPayment
300000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
38741832 USD
CY2021 celz Addition Of New Conversion Option Derivatives
AdditionOfNewConversionOptionDerivatives
1077757 USD
CY2021 celz Extinguishmentmodification
Extinguishmentmodification
-727344 USD
CY2021 celz Conversion Of Note Derivatives
ConversionOfNoteDerivatives
-12364084 USD
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-26728161 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2021Q3 celz Common Stock Issue
CommonStockIssue
84656 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
109180 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0 USD
CY2021Q1 celz Number Of Share Issuance Of Common Stock To Jadi Cell
NumberOfShareIssuanceOfCommonStockToJadiCell
180180 shares
CY2021 celz Summary Of Outstanding Securities
SummaryOfOutstandingSecurities
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-TOP: medium none; BORDER-BOTTOM: 0.5pt solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>For the Year Ended December 31, 2021</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Weighted average common shares outstanding used in calculating basic earnings per share</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,605,057</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Effect of Series B and C preferred stock</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Effect of warrants and options</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">643,562</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Effect of convertible notes payable</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Effect of convertible related party management fee and patent liabilities</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Weighted average common shares outstanding used in calculating diluted earnings per share</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 2pt double;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 2pt double;width:9%;vertical-align:bottom;text-align:right;">3,248,619</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;">Net income as reported</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">19,211,768</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Add - Interest on convertible notes payable</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px">Subtract deemed dividend on warrant reset</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(989,346</p></td><td style="PADDING-BOTTOM: 3px;"><p style="font-size:10pt;font-family:times new roman;margin:0px">)</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Net income available to common stockholders</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 2pt double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 2pt double;width:9%;vertical-align:bottom;text-align:right;">18,222,422</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Diluted income per Share</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 2pt double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 2pt double;width:9%;vertical-align:bottom;text-align:right;">5.61</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;">Interest on non-convertible notes</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,151</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2605057 shares
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
643562 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3248619 shares
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19211768 USD
CY2021 celz Subtract Deemed Dividend On Warrant Reset
SubtractDeemedDividendOnWarrantReset
-989346 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18222422 USD
CY2021 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
5.61
CY2021 celz Interest On Nonconvertible Notes
InterestOnNonconvertibleNotes
1151 USD
CY2016Q1 celz No Of Share Exchange
NoOfShareExchange
431111 shares
CY2016Q1 celz Restricted Common Stock
RestrictedCommonStock
100000 USD
CY2017Q2 celz Payments Upon Completion Of Irb Clinical Trial
PaymentsUponCompletionOfIrbClinicalTrial
200000 USD
CY2017Q2 celz Payments In The Event Of Commercialization Of Technology
PaymentsInTheEventOfCommercializationOfTechnology
300000 USD
CY2020Q4 celz Common Stock Issue
CommonStockIssue
6667 USD
CY2020Q4 celz Company Paid
CompanyPaid
50000 USD
CY2020Q4 celz Obligation Of The Initial Payment
ObligationOfTheInitialPayment
300000 USD
CY2020Q4 celz Common Stock Issue
CommonStockIssue
133 USD
CY2021Q3 celz Company Paid
CompanyPaid
40000 USD
CY2021Q1 celz Company Paid
CompanyPaid
50000 USD
CY2021Q1 celz Obligation Of The Initial Payment
ObligationOfTheInitialPayment
300000 USD
CY2021Q1 celz Common Stock Issue
CommonStockIssue
89286 USD
CY2021Q4 celz Obligation Of The Initial Payment
ObligationOfTheInitialPayment
300000 USD
CY2020Q4 celz License Agreement Description
LicenseAgreementDescription
(the “Upfront Royalty”), which can also be paid in CELZ stock at a discount of 25% of the closing price of $0.0037, which is based on the date of this agreement
CY2021 celz Continuing Royalty Description
ContinuingRoyaltyDescription
Within thirty (30) days of the end of each calendar quarter during the term of this Agreement, Licensee will pay Licensor five percent (5%) of the Net Income of ImmCelz™
CY2020Q4 celz License Fees
LicenseFees
250000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
92085 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
92085 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
92085 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
91084 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
60388 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
100000 USD
CY2021Q4 celz Total Future Amortization Cost
TotalFutureAmortizationCost
527677 USD
CY2020Q4 celz Licensing Agreements Beginning Balance
LicensingAgreementsBeginningBalance
760000 USD
CY2020Q4 celz Accumulated Amortization Beginning Balance
AccumulatedAmortizationBeginningBalance
-140237 USD
CY2021 celz Accumulated Amortization Addition Of New Assets
AccumulatedAmortizationAdditionOfNewAssets
0 USD
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
0 USD
CY2021 celz Accumulated Amortization
AccumulatedAmortization
-92084 USD
CY2021Q4 celz Licensing Agreementsendingbalance
LicensingAgreementsendingbalance
760000 USD
CY2021Q4 celz Accumulated Amortization Ending Balance
AccumulatedAmortizationEndingBalance
-232321 USD
CY2018Q1 celz Series A Preferred Stock Shares Issued
SeriesAPreferredStockSharesIssued
3000000 shares
CY2018Q1 celz Cancellation Of Debt
CancellationOfDebt
150000 USD
CY2018Q1 celz Series A Preferred Stock Description Of Surrender And Exchange
SeriesAPreferredStockDescriptionOfSurrenderAndExchange
Mr. Warbington surrendered the Series A Preferred Stock to the Company in December 2021 immediately prior to the closing of the Company’s public offering in exchange for $150,000 plus 8% interest on such amount from January 2018 until the date of surrender
CY2020Q4 celz Agreement Description
AgreementDescription
Company entered into a patent license agreement with Jadi Cell, LLC, a company owned and controlled by Dr. Amit Patel, a former director of the Company
CY2021Q2 celz Proceeds From Chairman
ProceedsFromChairman
50000 USD
CY2021Q2 celz Proceeds From Director
ProceedsFromDirector
150000 USD
CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.05 pure
CY2021Q3 celz Original Sale Discount Percentage
OriginalSaleDiscountPercentage
0.15 pure
CY2021Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
4456176 USD
CY2021 celz Amortization To Interest Expense
AmortizationToInterestExpense
3299000 USD
CY2021 celz Debt Conversion Shares Issued
DebtConversionSharesIssued
789727 shares
CY2021 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
1383332 USD
CY2021 celz Debt Conversion Converrted Instrument Shares Issued
DebtConversionConverrtedInstrumentSharesIssued
37870 shares
CY2021 celz Common Stock Issued For Cashless Warrant Exercise Shares
CommonStockIssuedForCashlessWarrantExerciseShares
43167 shares
CY2020 celz Description Of Trading Days
DescriptionOfTradingDays
the lowest trade price during the previous 20 trading days, or the volume weighted average price over the prior 15 trading days
CY2020 celz Debt Conversion Shares Issued
DebtConversionSharesIssued
1363463 shares
CY2020 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
1366705 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.202 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.022 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.009 pure
CY2021 us-gaap Provision For Other Losses
ProvisionForOtherLosses
0 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8300000 USD
CY2021 celz Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.21 pure
CY2020 celz Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.089 pure
CY2021Q4 celz Initial Derivative Liabilities
InitialDerivativeLiabilities
1077757 USD
CY2021 celz Fair Value Assumption Expected Terms
FairValueAssumptionExpectedTerms
P1Y
CY2021Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
697602 USD
CY2021Q1 celz Gain Loss Related To Change In Fair Market Value Of Derivative Liabilities
GainLossRelatedToChangeInFairMarketValueOfDerivativeLiabilities
28476039 USD
CY2021Q3 us-gaap Workers Compensation Discount Percent
WorkersCompensationDiscountPercent
0.15 pure
CY2021Q3 srt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
4456176 USD
CY2020Q4 celz Initial Derivative Liabilities
InitialDerivativeLiabilities
2572723 USD
CY2020 celz Fair Value Assumption Expected Terms
FairValueAssumptionExpectedTerms
P1Y
CY2020Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
1864233 USD
CY2020 celz Gain Loss Related To Change In Fair Market Value Of Derivative Liabilities
GainLossRelatedToChangeInFairMarketValueOfDerivativeLiabilities
-33980805 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
35670 USD
CY2020 celz Warrant Descriptions
WarrantDescriptions
we granted a total of 60,000 warrants to three of our board members at that time, Dr. Ichim, Dr. Patel, and Donald Dickerson (Mr. Dickerson remains a board member) at an exercise price of $2.00.
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
102081 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
325596 USD
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
250771 USD
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
9460 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
69671 USD
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
416056 USD
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
320442 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2097315 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1593282 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
67086 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
155063 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2164401 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1748345 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.002 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.002 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.000 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.238 pure
CY2019Q2 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
600749 USD
CY2021Q4 us-gaap Product Liability Contingency Accrual Present Value
ProductLiabilityContingencyAccrualPresentValue
707116 USD
CY2022Q1 us-gaap Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
0.30 pure

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