2019 Q4 Form 10-Q Financial Statement

#000156459019041384 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $780.0K $810.0K $1.070M
YoY Change -27.1% -10.0% 3.88%
% of Gross Profit
Research & Development $641.5K $822.4K $700.0K
YoY Change -8.35% 30.55% -57.1%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $641.5K $1.637M $1.770M
YoY Change -63.75% 7.68% 8.49%
Operating Profit -$1.637M
YoY Change 7.49%
Interest Expense $10.00K $8.597K $10.00K
YoY Change 0.0% 178.31%
% of Operating Profit
Other Income/Expense, Net $0.00 $8.597K $0.00
YoY Change 178.31% -100.0%
Pretax Income -$1.420M -$1.630M -$1.760M
YoY Change -19.32% 7.24% 467.74%
Income Tax
% Of Pretax Income
Net Earnings -$1.418M -$1.628M -$1.761M
YoY Change -19.45% 7.15% 470.81%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$58.41K -$67.55K -$101.0K
COMMON SHARES
Basic Shares Outstanding 24.23M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.660M $6.500M $5.320M
YoY Change 6.39% -1.07% -30.73%
Cash & Equivalents $5.664M $6.505M $5.319M
Short-Term Investments
Other Short-Term Assets $11.55K $330.0K
YoY Change -97.37% 32.0%
Inventory
Prepaid Expenses $581.7K $775.6K $329.2K
Receivables
Other Receivables
Total Short-Term Assets $6.246M $7.292M $5.648M
YoY Change 10.58% 4.02% -28.78%
LONG-TERM ASSETS
Property, Plant & Equipment $140.0K $40.00K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.55K $0.00 $11.55K
YoY Change 0.0% -100.0% 0.0%
Total Long-Term Assets $150.1K $35.40K $11.55K
YoY Change 1199.36% 253.98% 0.0%
TOTAL ASSETS
Total Short-Term Assets $6.246M $7.292M $5.648M
Total Long-Term Assets $150.1K $35.40K $11.55K
Total Assets $6.396M $7.327M $5.660M
YoY Change 13.0% 4.38% -28.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.030M $1.150M $480.0K
YoY Change 114.58% 82.54% -54.29%
Accrued Expenses $980.0K $1.000M $1.160M
YoY Change -15.52% 2.04% 12.62%
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 $2.015M $2.154M $1.634M
YoY Change 23.29% 33.8% -21.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.015M $2.154M $1.634M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.015M $2.150M $1.630M
YoY Change 23.62% 33.54% -71.78%
SHAREHOLDERS EQUITY
Retained Earnings -$85.73M -$84.31M -$78.60M
YoY Change 9.07% 10.65%
Common Stock $90.11M $89.49M $82.63M
YoY Change 9.05% 12.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.381M $5.173M $4.025M
YoY Change
Total Liabilities & Shareholders Equity $6.396M $7.327M $5.660M
YoY Change 13.0% 4.38% -28.73%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.418M -$1.628M -$1.761M
YoY Change -19.45% 7.15% 470.81%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.150M -$1.050M -$1.250M
YoY Change -8.0% -8.7% -54.38%
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 310.0K 120.0K 0.000
YoY Change -89.92%
NET CHANGE
Cash From Operating Activities -1.150M -1.050M -1.250M
Cash From Investing Activities
Cash From Financing Activities 310.0K 120.0K 0.000
Net Change In Cash -840.0K -930.0K -1.250M
YoY Change -32.8% -2425.0% -54.38%
FREE CASH FLOW
Cash From Operating Activities -$1.150M -$1.050M -$1.250M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Security12b Title
Security12bTitle
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dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Registrant Name
EntityRegistrantName
Evoke Pharma Inc
dei Entity Central Index Key
EntityCentralIndexKey
0001403708
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
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dei Entity File Number
EntityFileNumber
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dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-8447886
dei Entity Address Address Line1
EntityAddressAddressLine1
420 Stevens Avenue
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 370
dei Entity Address City Or Town
EntityAddressCityOrTown
Solana Beach
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92075
dei City Area Code
CityAreaCode
(858)
dei Local Phone Number
LocalPhoneNumber
345-1494
dei Entity Incorporation State Country Code
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DE
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us-gaap Use Of Estimates
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<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP 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 financial statements and the reported amounts of expenses during the reporting period. Actual results could differ materially from those estimates. </p>
evok Entity Incorporation Month And Year Of Incorporation
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CY2019Q2 evok Minimum Common Stock Closing Bid Price Per Share
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CY2019Q2 evok Number Of Minimum Consecutive Business Days
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evok Closing Bid Price Description
ClosingBidPriceDescription
On May 15, 2019, the Company received a letter from Nasdaq indicating that, for the last thirty consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market. In accordance with Nasdaq listing rules, the Company has been provided an initial period of 180 calendar days, or until November 11, 2019, to regain compliance. The letter states that Nasdaq will provide written notification that the Company has achieved compliance with its rules if at any time before November 11, 2019, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of ten consecutive business days. The Nasdaq letter has no immediate effect on the listing or trading of the Company’s common stock and the common stock will continue to trade on The Nasdaq Capital Market.
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