2023 Q2 Form 10-Q Financial Statement
#000168316823003311 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.180M | $1.359M | $1.260M |
YoY Change | -12.15% | 7.8% | -9.97% |
% of Gross Profit | |||
Research & Development | $2.846M | $3.568M | $1.521M |
YoY Change | 28.1% | 134.51% | -31.16% |
% of Gross Profit | |||
Depreciation & Amortization | $1.000K | $1.279K | $3.380K |
YoY Change | -68.75% | -62.16% | |
% of Gross Profit | |||
Operating Expenses | $4.025M | $4.927M | $2.782M |
YoY Change | 12.93% | 77.1% | -22.94% |
Operating Profit | -$4.025M | -$4.927M | -$3.149M |
YoY Change | 12.93% | 56.44% | |
Interest Expense | $3.650K | $5.436K | -$2.570K |
YoY Change | 126.57% | -311.52% | |
% of Operating Profit | |||
Other Income/Expense, Net | $4.152K | -$5.436K | -$2.566K |
YoY Change | -357.73% | 111.85% | |
Pretax Income | -$4.021M | -$4.932M | -$2.784M |
YoY Change | 12.77% | 77.13% | -22.87% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$4.021M | -$4.932M | -$2.784M |
YoY Change | 12.77% | 77.13% | -22.94% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$1.04 | -$2.59 | -$2.44 |
Diluted Earnings Per Share | -$1.04 | -$2.59 | -$71.75K |
COMMON SHARES | |||
Basic Shares Outstanding | 4.143M shares | 2.226M shares | 1.294M shares |
Diluted Shares Outstanding | 3.877M shares | 1.906M shares | 1.294M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.279M | $5.111M | $12.44M |
YoY Change | -52.23% | -58.92% | 12.28% |
Cash & Equivalents | $4.279M | $5.111M | $12.44M |
Short-Term Investments | |||
Other Short-Term Assets | $1.792M | $1.862M | $2.293M |
YoY Change | -26.52% | -18.8% | 45.11% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $6.071M | $6.972M | $14.73M |
YoY Change | -46.73% | -52.68% | 15.19% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.382K | $4.385K | $12.73K |
YoY Change | -69.17% | -65.55% | -36.35% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $377.2K | $438.1K | $1.126M |
YoY Change | -63.69% | -61.09% | 241.2% |
Total Long-Term Assets | $380.6K | $442.5K | $1.139M |
YoY Change | -63.75% | -61.14% | 225.34% |
TOTAL ASSETS | |||
Total Short-Term Assets | $6.071M | $6.972M | $14.73M |
Total Long-Term Assets | $380.6K | $442.5K | $1.139M |
Total Assets | $6.452M | $7.415M | $15.87M |
YoY Change | -48.17% | -53.28% | 20.79% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.571M | $2.781M | $489.7K |
YoY Change | 627.39% | 467.79% | -53.8% |
Accrued Expenses | $260.1K | $853.2K | $307.0K |
YoY Change | -5.94% | 177.92% | -42.07% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $166.4K | $289.1K | $272.6K |
YoY Change | 6.39% | 6.06% | -12.07% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.997M | $3.923M | $1.069M |
YoY Change | 332.66% | 266.87% | -43.72% |
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 | $3.997M | $3.923M | $1.069M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $3.997M | $3.923M | $1.069M |
YoY Change | 332.66% | 266.87% | -43.72% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$59.67M | -$55.65M | |
YoY Change | 44.36% | ||
Common Stock | $4.141K | $2.226K | |
YoY Change | -89.66% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.454M | $3.492M | $14.80M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.452M | $7.415M | $15.87M |
YoY Change | -48.17% | -53.28% | 20.79% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.021M | -$4.932M | -$2.784M |
YoY Change | 12.77% | 77.13% | -22.94% |
Depreciation, Depletion And Amortization | $1.000K | $1.279K | $3.380K |
YoY Change | -68.75% | -62.16% | |
Cash From Operating Activities | -$3.403M | -$4.825M | -$3.077M |
YoY Change | 1.2% | 56.79% | -7.03% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.571M | -$120.3K | 10.51M |
YoY Change | -2313.55% | -101.14% | 2903.77% |
NET CHANGE | |||
Cash From Operating Activities | -3.403M | -$4.825M | -3.077M |
Cash From Investing Activities | 0.000 | 0.000 | |
Cash From Financing Activities | 2.571M | -$120.3K | 10.51M |
Net Change In Cash | -831.3K | -$4.945M | 7.436M |
YoY Change | -76.12% | -166.5% | -351.22% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.403M | -$4.825M | -$3.077M |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$3.403M | -$3.077M | |
YoY Change | 1.28% | -7.03% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
CNS Pharmaceuticals, Inc. | |
CY2023Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2023Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
82-2318545 | |
CY2023Q1 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
2100 West Loop South | |
CY2023Q1 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 900 | |
CY2023Q1 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Houston | |
CY2023Q1 | dei |
Entity File Number
EntityFileNumber
|
001-39126 | |
CY2023Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001729427 | |
CY2023Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2023Q1 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2023Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-03-31 | |
CY2023Q1 | dei |
Document Transition Report
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|
false | |
CY2023Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TX | |
CY2023Q1 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
77027 | |
CY2023Q1 | dei |
City Area Code
CityAreaCode
|
800 | |
CY2023Q1 | dei |
Local Phone Number
LocalPhoneNumber
|
946-9185 | |
CY2023Q1 | dei |
Security12b Title
Security12bTitle
|
Common Stock | |
CY2023Q1 | dei |
Trading Symbol
TradingSymbol
|
CNSP | |
CY2023Q1 | dei |
Security Exchange Name
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|
NASDAQ | |
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Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
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Entity Interactive Data Current
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Yes | |
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Entity Filer Category
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Non-accelerated Filer | |
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true | |
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true | |
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false | |
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Entity Shell Company
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false | |
CY2023Q2 | dei |
Entity Common Stock Shares Outstanding
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Prepaid Expense And Other Assets Current
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Property Plant And Equipment Net
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Accrued Liabilities Current
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Shares Authorized
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Preferred Stock Shares Authorized
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Preferred Stock Shares Issued
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Common Stock Shares Outstanding
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Common Stock Shares Issued
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Additional Paid In Capital
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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General And Administrative Expense
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Net Income Loss
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|
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CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.59 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.44 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.59 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.44 | |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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Weighted Average Number Of Diluted Shares Outstanding
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|
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Weighted Average Number Of Diluted Shares Outstanding
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|
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Stockholders Equity
StockholdersEquity
|
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Stock Issued For Exercise Of Warrants
StockIssuedForExerciseOfWarrants
|
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Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
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Net Income Loss
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|
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Stockholders Equity
StockholdersEquity
|
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Stockholders Equity
StockholdersEquity
|
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Stockholders Equity
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Share Based Compensation
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Depreciation
|
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Depreciation
Depreciation
|
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Increase Decrease In Accrued Liabilities
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Increase Decrease In Accrued Liabilities
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Net Cash Provided By Used In Operating Activities
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Repayments Of Notes Payable
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Proceeds From Warrant Exercises
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Proceeds From Warrant Exercises
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|
2616 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
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|
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Proceeds From Issuance Of Common Stock
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|
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-4944876 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
7435981 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10055407 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5004517 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5110531 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12440498 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
5436 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2883 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2023Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_802_eus-gaap--NatureOfOperations_zeOXsrD2pae1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1 – <span id="xdx_822_zC8CTVuUeuZg">Nature of Business</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CNS Pharmaceuticals, Inc. (“we”, “our”, the “Company”) is a clinical pharmaceutical company organized as a Nevada corporation on July 27, 2017 to focus on the development of anti-cancer drug candidates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | |
CY2023Q1 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
4860531 | usd |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.001 | |
CY2022Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
449874 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.0588 | pure |
CY2022Q4 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2023-10-31 | |
CY2023Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
289075 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
409968 | usd |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
29988 | shares |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P7Y4M28D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
609 | usd |
CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
800000 | usd |
CY2020Q2 | us-gaap |
Payments For Fees
PaymentsForFees
|
775000 | usd |
CY2020Q2 | us-gaap |
Development Costs
DevelopmentCosts
|
1000000.0 | usd |