$CKPT
Checkpoint Therapeutics, Inc.

2021 Form 10-K Financial Statement

#000141057822000556 Filed on March 28, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $268.0K $30.00K $1.070M
YoY Change -74.95% 0.0% -37.43%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.538M $2.120M $7.920M
YoY Change 7.8% -1.4% 9.54%
% of Gross Profit
Research & Development $48.45M $8.150M $16.35M
YoY Change 196.31% 21.1% -15.38%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $56.99M $10.27M $24.27M
YoY Change 134.82% 15.65% -8.62%
Operating Profit -$56.72M -$23.20M
YoY Change 144.49% -6.64%
Interest Expense $53.00K $20.00K $120.0K
YoY Change -55.83% -33.33% -14.29%
% of Operating Profit
Other Income/Expense, Net $53.00K $120.0K
YoY Change -55.83% -11.76%
Pretax Income -$56.67M -$10.23M -$23.08M
YoY Change 145.54% 15.86% -6.6%
Income Tax
% Of Pretax Income
Net Earnings -$56.67M -$10.23M -$23.08M
YoY Change 145.53% 15.86% -6.61%
Net Earnings / Revenue -21145.52% -34100.0% -2157.1%
Basic Earnings Per Share -$7.45
Diluted Earnings Per Share -$745.3K -$159.3K -$413.4K
COMMON SHARES
Basic Shares Outstanding 7.603M
Diluted Shares Outstanding 7.603M

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.74M $40.77M $40.77M
YoY Change 34.25% 56.33% 56.33%
Cash & Equivalents $54.74M $40.77M $40.77M
Short-Term Investments
Other Short-Term Assets $976.0K $20.00K $1.800M
YoY Change -45.78% -23.08% 109.3%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $55.73M $42.60M $42.60M
YoY Change 30.82% 57.96% 57.95%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $55.73M $42.60M $42.60M
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $55.73M $42.60M $42.60M
YoY Change 30.82% 57.96% 57.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.14M $3.438M $3.440M
YoY Change 369.16% 11.66% 11.69%
Accrued Expenses $843.0K $540.0K $540.0K
YoY Change 56.11% 31.71% 31.71%
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 $25.98M $7.217M $7.220M
YoY Change 259.86% -11.11% -11.08%
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 $25.98M $7.217M $7.220M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $25.98M $7.217M $7.220M
YoY Change 259.86% -11.11% -11.08%
SHAREHOLDERS EQUITY
Retained Earnings -$143.2M
YoY Change 19.22%
Common Stock $6.000K
YoY Change 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.75M $35.38M $35.38M
YoY Change
Total Liabilities & Shareholders Equity $55.73M $42.60M $42.60M
YoY Change 30.82% 57.96% 57.95%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$56.67M -$10.23M -$23.08M
YoY Change 145.53% 15.86% -6.61%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$26.31M -$4.930M -$16.55M
YoY Change 58.94% 4.23% -22.56%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 40.27M 3.680M 31.25M
YoY Change 28.88% -79.27% 22.75%
NET CHANGE
Cash From Operating Activities -26.31M -4.930M -16.55M
Cash From Investing Activities
Cash From Financing Activities 40.27M 3.680M 31.25M
Net Change In Cash 13.96M -1.250M 14.70M
YoY Change -4.98% -109.6% 260.0%
FREE CASH FLOW
Cash From Operating Activities -$26.31M -$4.930M -$16.55M
Capital Expenditures
Free Cash Flow
YoY Change

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SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.0065
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.0271
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.0127
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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1.0460
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24919000
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6367000
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5560000
CY2021 us-gaap Employee Benefits And Share Based Compensation
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3137000
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.05
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0.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0
CY2021 ckpt Effective Income Tax Rate Reconciliation Change In State Tax Rate Percent
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CY2021 ckpt Effective Income Tax Rate Reconciliation Provision To Return
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-0.01
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-0.03
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.01
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-0.24
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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38991000
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27537000
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157000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
178000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2136000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1781000
CY2021Q4 ckpt Deferred Tax Assets Start Up Costs
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27000
CY2020Q4 ckpt Deferred Tax Assets Start Up Costs
DeferredTaxAssetsStartUpCosts
28000
CY2021Q4 us-gaap Deferred Tax Assets Gross
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51454000
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37275000
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51454000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37275000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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51500000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37300000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
16139000

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