2011 Form 10-K Financial Statement

#000110465912022840 Filed on March 30, 2012

View on sec.gov

Income Statement

Concept 2011 2010 Q4 2010
Revenue $699.0K $140.0K $112.0K
YoY Change 524.11% -26.32% -87.71%
Cost Of Revenue $360.0K $110.0K $418.0K
YoY Change -13.88% 57.14% -23.3%
Gross Profit $339.0K $30.00K -$306.0K
YoY Change -210.78% -72.73% -183.61%
Gross Profit Margin 48.5% 21.43% -273.21%
Selling, General & Admin $6.542M $2.020M $8.833M
YoY Change -25.94% 9.78% 3.46%
% of Gross Profit 1929.79% 6733.33%
Research & Development $9.206M $1.450M $6.414M
YoY Change 43.53% -44.02% -34.32%
% of Gross Profit 2715.63% 4833.33%
Depreciation & Amortization $241.0K $110.0K $457.0K
YoY Change -47.26% -35.29% -31.59%
% of Gross Profit 71.09% 366.67%
Operating Expenses $15.75M $3.460M $15.25M
YoY Change 3.29% -21.9% -16.7%
Operating Profit -$15.75M -$3.430M -$15.14M
YoY Change 4.05% -20.6% -17.31%
Interest Expense -$30.00K $10.00K $43.00K
YoY Change -169.77% -133.33% -75.71%
% of Operating Profit
Other Income/Expense, Net $580.0K $110.0K -$412.0K
YoY Change -240.78% -173.33% -81.39%
Pretax Income $904.0K -$3.330M -$3.533M
YoY Change -125.59% -25.84% -82.78%
Income Tax -$565.0K -$150.0K -$657.0K
% Of Pretax Income -62.5%
Net Earnings -$15.24M -$3.170M -$16.02M
YoY Change -4.86% -26.96% -18.13%
Net Earnings / Revenue -2180.69% -2264.29% -14304.46%
Basic Earnings Per Share
Diluted Earnings Per Share -$42.33M -$105.7M -$801.0M
COMMON SHARES
Basic Shares Outstanding 7.186M shares 5.406M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2011 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.45M $29.50M $29.50M
YoY Change -17.12% 156.74% 156.74%
Cash & Equivalents $29.50M
Short-Term Investments $19.89M $29.07M
Other Short-Term Assets $840.0K $620.0K $730.0K
YoY Change 15.07% -64.16% 14.06%
Inventory $170.0K $170.0K
Prepaid Expenses
Receivables $100.0K
Other Receivables $660.0K
Total Short-Term Assets $25.83M $31.05M $31.05M
YoY Change -16.81% 132.24% 132.24%
LONG-TERM ASSETS
Property, Plant & Equipment $170.0K $167.0K $410.0K
YoY Change -58.54% -81.44% -54.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $170.0K $408.0K $410.0K
YoY Change -58.54% -62.91% -62.73%
TOTAL ASSETS
Total Short-Term Assets $25.83M $31.05M $31.05M
Total Long-Term Assets $170.0K $408.0K $410.0K
Total Assets $26.00M $31.46M $31.46M
YoY Change -17.36% 117.41% 117.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.720M $1.723M $1.720M
YoY Change 0.0% 0.76% 0.58%
Accrued Expenses $3.700M $4.132M $2.930M
YoY Change 26.28% -0.19% -29.23%
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 $6.500M $6.535M $6.540M
YoY Change -0.61% -23.92% -23.86%
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 $6.500M $6.535M $6.540M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $6.500M $6.535M $6.540M
YoY Change -0.61% -23.92% -23.86%
SHAREHOLDERS EQUITY
Retained Earnings -$241.8M
YoY Change
Common Stock $47.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.50M $24.92M $24.92M
YoY Change
Total Liabilities & Shareholders Equity $26.00M $31.46M $31.46M
YoY Change -17.36% 117.41% 117.42%

Cashflow Statement

Concept 2011 2010 Q4 2010
OPERATING ACTIVITIES
Net Income -$15.24M -$3.170M -$16.02M
YoY Change -4.86% -26.96% -18.13%
Depreciation, Depletion And Amortization $241.0K $110.0K $457.0K
YoY Change -47.26% -35.29% -31.59%
Cash From Operating Activities -$13.98M -$3.740M -$16.04M
YoY Change -12.84% 64.76% 7.72%
INVESTING ACTIVITIES
Capital Expenditures $6.000K $0.00 $8.000K
YoY Change -25.0% -100.0% -46.67%
Acquisitions
YoY Change
Other Investing Activities $10.00K $0.00 $40.00K
YoY Change -75.0% -100.0% -97.45%
Cash From Investing Activities $0.00 $0.00 $30.00K
YoY Change -100.0% -100.0% -98.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.267M $2.576M
YoY Change 259.74% -33.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.910M 14.12M 33.40M
YoY Change -73.32% 1326.26% 840.85%
NET CHANGE
Cash From Operating Activities -13.98M -3.740M -16.04M
Cash From Investing Activities 0.000 0.000 30.00K
Cash From Financing Activities 8.910M 14.12M 33.40M
Net Change In Cash -5.070M 10.38M 17.39M
YoY Change -129.15% -950.82% -277.81%
FREE CASH FLOW
Cash From Operating Activities -$13.98M -$3.740M -$16.04M
Capital Expenditures $6.000K $0.00 $8.000K
Free Cash Flow -$13.99M -$3.740M -$16.05M
YoY Change -12.85% 65.49% 7.67%

Facts In Submission

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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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PaymentsToAcquirePropertyPlantAndEquipment
8000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2009 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Proceeds From Sale Of Short Term Investments
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CY2011 dei Entity Registrant Name
EntityRegistrantName
Cyclacel Pharmaceuticals, Inc.
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001130166
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2011Q2 dei Entity Public Float
EntityPublicFloat
63382642 USD
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
59001738 shares
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
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cycc Acquisitions Of Equipment Purchased Through Capital Leases
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cycc Issuance Of Ordinary Shares In Connection With License Agreements
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cycc Issuance Of Ordinary Shares On Conversion Of Bridging Loan
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CY2010 cycc Change In Valuation Of Warrants Adjustments To Reconcile Net Loss To Net Cash Used In Operating Activities
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cycc Issuance Of Preferred Ordinary Class C Shares On Conversion Of Secured Convertible Loan Notes And Accrued Interest
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cycc Issuance Of Ordinary Shares In Lieu Of Cash Bonus
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164000 USD
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us-gaap Net Income Loss
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
55000 USD
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2009000 USD
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
11000 USD
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1746000 USD
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-466000 USD
CY2001 us-gaap Net Income Loss
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CY2001Q1 us-gaap Stockholders Equity
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CY2002 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2002 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
191000 USD
CY2002 us-gaap Net Income Loss
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12000 USD
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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58148000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1343000 USD
us-gaap Net Income Loss
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CY2003Q4 us-gaap Stockholders Equity
StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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CY2006 cycc Adjustments To Additional Paid In Capital Loans Payable Waived
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CY2006 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9600000 USD
CY2006 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5000 USD
CY2006 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
416000 USD
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CY2007 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2007 us-gaap Stock Issued During Period Value New Issues
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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NetIncomeLoss
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StockholdersEquity
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1698000 USD
CY2008 us-gaap Dividends Preferred Stock
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1227000 USD
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OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTaxPortionAttributableToParent
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CY2008 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
14918000 USD
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NetIncomeLoss
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StockholdersEquity
20642000 USD
CY2009 cycc Adjustments To Additional Paid In Capital Effect Of Warrant Pricing
AdjustmentsToAdditionalPaidInCapitalEffectOfWarrantPricing
44000 USD
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StockIssuedDuringPeriodValueNewIssues
2847000 USD
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7000 USD
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
810000 USD
CY2009 cycc Other Comprehensive Income Unrealized Foreign Exchange On Intercompany Loans Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTaxPortionAttributableToParent
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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StockIssuedDuringPeriodValueNewIssues
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CY2010 cycc Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
13980000 USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
77000 USD
CY2010 cycc Other Comprehensive Income Unrealized Foreign Exchange On Intercompany Loans Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeUnrealizedForeignExchangeOnIntercompanyLoansNetOfTaxPortionAttributableToParent
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2084000 USD
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3000 USD
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2011 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
648000 USD
CY2011 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
685000 USD

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