2023 Q1 Form 10-K Financial Statement

#000147793223002123 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $0.00 $18.60K $88.60K
YoY Change -100.0% -72.55% 0.96%
Cost Of Revenue $0.00 $5.700K $28.49K
YoY Change -100.0% -85.55% -40.58%
Gross Profit $0.00 $12.90K $60.11K
YoY Change -100.0% -54.42% 51.01%
Gross Profit Margin 69.35% 67.84%
Selling, General & Admin $771.0K $899.6K $3.944M
YoY Change -31.77% -37.0% 33.03%
% of Gross Profit 6973.64% 6560.65%
Research & Development $319.0K $5.000M $6.269M
YoY Change 3090.29% 9900.0% 5641.76%
% of Gross Profit 38759.69% 10429.14%
Depreciation & Amortization $23.02K $23.02K $92.08K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit 178.45% 153.19%
Operating Expenses $1.113M $5.000M $10.30M
YoY Change -4.3% 233.1% 225.5%
Operating Profit -$1.113M -$4.987M -$10.24M
YoY Change -3.62% 238.63% 227.72%
Interest Expense $50.00 $0.00 $0.00
YoY Change -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net $61.15K $62.25K $100.3K
YoY Change -99.55%
Pretax Income -$1.052M -$6.216M -$10.14M
YoY Change -8.91% 60.39% -152.8%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.052M -$6.216M -$10.14M
YoY Change -8.91% 60.39% -152.8%
Net Earnings / Revenue -33417.69% -11449.26%
Basic Earnings Per Share -$0.93
Diluted Earnings Per Share -$0.07 -$0.44 -$0.93
COMMON SHARES
Basic Shares Outstanding 14.08M shares 14.08M shares 10.93M shares
Diluted Shares Outstanding 10.93M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.516M $8.321M $8.321M
YoY Change 4.04% -22.41% -22.41%
Cash & Equivalents $9.516M $8.321M
Short-Term Investments
Other Short-Term Assets $5.287M $10.42M $10.42M
YoY Change 8039.16%
Inventory $10.19K $10.19K $10.19K
Prepaid Expenses
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.81M $18.75M $18.75M
YoY Change 60.56% 74.6% 74.6%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.280K $3.280K $3.280K
YoY Change -0.03% -0.03% 0.0%
Total Long-Term Assets $415.9K $438.9K $438.9K
YoY Change -18.13% -17.34% -17.34%
TOTAL ASSETS
Total Short-Term Assets $14.81M $18.75M $18.75M
Total Long-Term Assets $415.9K $438.9K $438.9K
Total Assets $15.23M $19.19M $19.19M
YoY Change 56.46% 70.27% 70.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $353.4K $3.268M $3.268M
YoY Change 5.29% 328.89% 328.89%
Accrued Expenses $39.92K $39.92K $39.92K
YoY Change 33.42% 63.71% 63.67%
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 $407.5K $3.322M $3.322M
YoY Change 7.3% 216.21% 216.22%
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 $407.5K $3.322M $3.322M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $407.5K $3.322M $3.322M
YoY Change 7.3% 216.22% 216.22%
SHAREHOLDERS EQUITY
Retained Earnings -$54.86M -$53.81M
YoY Change 22.4% 23.23%
Common Stock $14.08K $14.08K
YoY Change 115.87% 122.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $14.82M $15.86M $15.86M
YoY Change
Total Liabilities & Shareholders Equity $15.23M $19.19M $19.19M
YoY Change 56.46% 70.27% 70.27%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.052M -$6.216M -$10.14M
YoY Change -8.91% 60.39% -152.8%
Depreciation, Depletion And Amortization $23.02K $23.02K $92.08K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$3.842M -$3.591M -$7.797M
YoY Change 143.62% 209.24% 251.88%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $5.037M -$5.057M -$10.08M
YoY Change
Cash From Investing Activities $5.037M -$5.057M -$10.08M
YoY Change -2628.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.47M
YoY Change 4.83%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 0.000 $15.47M
YoY Change -100.0% 20.48%
NET CHANGE
Cash From Operating Activities -$3.842M -3.591M -$7.797M
Cash From Investing Activities $5.037M -5.057M -$10.08M
Cash From Financing Activities $0.00 0.000 $15.47M
Net Change In Cash $1.196M -8.649M -$2.403M
YoY Change -175.83% -203.63% -122.62%
FREE CASH FLOW
Cash From Operating Activities -$3.842M -$3.591M -$7.797M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 us-gaap Use Of Estimates
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<p style="font-size:10pt;font-family:times new roman;margin:0px"><strong><em>Use of Estimates – </em></strong>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>
CY2021Q3 srt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
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CY2020Q4 celz License Agreement Description
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CY2017Q2 celz Payments Upon Completion Of Irb Clinical Trial
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CY2020Q4 celz Common Stock Issue
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CY2022Q4 celz Common Stock Issue
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CY2022 celz Continuing Royalty Description
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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™. during such calendar quarter (the “Continuing Royalty”)
CY2020Q4 celz License Fees
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0.05 pure
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0.15 pure
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4456176 usd
CY2021 celz Amortization To Interest Expense
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CY2021 celz Debt Conversion Shares Issued
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CY2021 us-gaap Debt Conversion Original Debt Amount1
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1383332 usd
CY2021 celz Debt Conversion Converrted Instrument Shares Issued
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37870 shares
CY2021 celz Common Stock Issued For Cashless Warrant Exercise Shares
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43167 shares
CY2021Q4 celz Initial Derivative Liabilities
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CY2021 celz Fair Value Assumption Expected Terms
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CY2021Q4 us-gaap Convertible Debt Current
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CY2021Q1 celz Gain Loss Related To Change In Fair Market Value Of Derivative Liabilities
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28476039 usd
CY2021Q3 us-gaap Workers Compensation Discount Percent
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2022Q2 celz Purchase Of Pre Funded Warrant And Related Common Warrant
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15111112 shares
CY2022Q2 celz Combined Offering Price Of Pre Funded Warrant And Related Common Warrant
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2.25
CY2022Q2 celz Description Of Amendment
DescriptionOfAmendment
pursuant to a Securities Purchase Agreement between the Company and the Purchasers dated as of April 28, 2022 (the “Purchase Agreement”), resulting in gross proceeds to the Company of approximately $17,000,000. The transaction was effected pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended and Rule 506(b) promulgated thereunder
CY2022 celz Common Warrants Exercise Price
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CY2022 celz Pre Funded Warrants Exercise Price
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CY2022Q2 celz Purchase Of Warrants Shares
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CY2022Q4 us-gaap Share Price
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CY2022Q4 celz Initial Payment Amount
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 celz Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
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