$ELDN
Eledon Pharmaceuticals, Inc.

2016 Q4 Form 10-Q Financial Statement

#000119312516757930 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.720M $3.150M $3.420M
YoY Change -18.56% -7.89% -5.0%
% of Gross Profit
Research & Development $1.040M $6.162M $8.491M
YoY Change -86.55% -27.43% 200.57%
% of Gross Profit
Depreciation & Amortization $20.00K $40.00K $30.00K
YoY Change -66.67% 33.33% 200.0%
% of Gross Profit
Operating Expenses $3.760M $9.308M $11.91M
YoY Change -66.03% -21.83% 85.35%
Operating Profit -$3.760M -$9.308M -$11.91M
YoY Change -66.04% -21.83% 85.35%
Interest Expense $20.00K $40.00K $50.00K
YoY Change -66.67% -20.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$3.740M -$9.270M -$11.85M
YoY Change -66.06% -21.77% 85.45%
Income Tax
% Of Pretax Income
Net Earnings -$3.737M -$9.270M -$11.85M
YoY Change -66.08% -21.79% 85.49%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$26.71M -$66.21M -$84.64M
COMMON SHARES
Basic Shares Outstanding 22.64M shares 22.63M shares 22.55M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.40M $34.70M $73.10M
YoY Change -57.19% -52.53% -30.71%
Cash & Equivalents $1.103M $18.63M $33.17M
Short-Term Investments $4.200M $16.10M $39.90M
Other Short-Term Assets $33.00K $1.600M $3.800M
YoY Change -98.97% -57.89% 192.31%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.150M $36.33M $76.87M
YoY Change -98.29% -52.73% -27.98%
LONG-TERM ASSETS
Property, Plant & Equipment $31.00K $117.0K $427.0K
YoY Change -93.66% -72.6% 1023.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00K $300.0K $45.00K
YoY Change -66.67% 566.67% 114.29%
Total Long-Term Assets $46.00K $387.0K $742.0K
YoY Change -94.28% -47.84% 186.49%
TOTAL ASSETS
Total Short-Term Assets $1.150M $36.33M $76.87M
Total Long-Term Assets $46.00K $387.0K $742.0K
Total Assets $1.196M $36.72M $77.61M
YoY Change -98.24% -52.68% -27.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $338.0K $886.0K $1.652M
YoY Change -72.02% -46.37% -42.82%
Accrued Expenses $113.0K $5.458M $4.005M
YoY Change -97.72% 36.28% 61.3%
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 $3.898M $6.344M $5.657M
YoY Change -36.74% 12.14% 5.31%
LONG-TERM LIABILITIES
Long-Term Debt $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $51.00K
YoY Change
Total Long-Term Liabilities $84.00K $120.0K $51.00K
YoY Change -4.55% 135.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.898M $6.344M $5.657M
Total Long-Term Liabilities $84.00K $120.0K $51.00K
Total Liabilities $3.898M $6.464M $5.708M
YoY Change -37.63% 13.24% 6.25%
SHAREHOLDERS EQUITY
Retained Earnings -$14.39M -$165.7M -$120.4M
YoY Change -89.05% 37.57% 50.26%
Common Stock $11.39M $195.9M $192.3M
YoY Change -94.11% 1.87% 874045.45%
Preferred Stock $291.0K
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.702M $30.26M $71.90M
YoY Change
Total Liabilities & Shareholders Equity $1.196M $36.72M $77.61M
YoY Change -98.24% -52.68% -27.46%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$3.737M -$9.270M -$11.85M
YoY Change -66.08% -21.79% 85.49%
Depreciation, Depletion And Amortization $20.00K $40.00K $30.00K
YoY Change -66.67% 33.33% 200.0%
Cash From Operating Activities -$7.310M -$9.170M -$10.25M
YoY Change -17.68% -10.54% 129.82%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$160.0K
YoY Change -100.0% -100.0% 1500.0%
Acquisitions
YoY Change
Other Investing Activities $11.90M $15.65M -$15.70M
YoY Change -12000.0% -199.68% 10366.67%
Cash From Investing Activities $11.90M $15.65M -$15.85M
YoY Change -3818.75% -198.74% 9806.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 190.0K
YoY Change -100.0% -100.0% -99.79%
NET CHANGE
Cash From Operating Activities -7.310M -9.170M -10.25M
Cash From Investing Activities 11.90M 15.65M -15.85M
Cash From Financing Activities 0.000 0.000 190.0K
Net Change In Cash 4.590M 6.480M -25.91M
YoY Change -150.11% -125.01% -130.73%
FREE CASH FLOW
Cash From Operating Activities -$7.310M -$9.170M -$10.25M
Capital Expenditures $0.00 $0.00 -$160.0K
Free Cash Flow -$7.310M -$9.170M -$10.09M
YoY Change -15.59% -9.12% 126.74%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with GAAP requires management to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting periods. Significant estimates, assumptions and judgments reflected in these financial statements include, but are not limited to, the accrual of research and development expenses and the valuation of stock-based awards. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Actual results could differ from the Company&#x2019;s estimates.</p> </div>
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CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22540876 shares
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
646000
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3146000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9273000
CY2016Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
174000
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
9308000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-9270000
CY2016Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-3000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-9308000
CY2016Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
38000
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
0
CY2016Q3 us-gaap Severance Costs1
SeveranceCosts1
1200000
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6162000
CY2016Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.60 pure
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22636977 shares

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