2018 Q4 Form 10-Q Financial Statement

#000114420418058731 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue $0.00
YoY Change -100.0%
Gross Profit $0.00
YoY Change -100.0%
Gross Profit Margin
Selling, General & Admin $952.0K $940.0K $970.0K
YoY Change -1.86% 5.86% -21.14%
% of Gross Profit
Research & Development $1.148M $1.288M $470.0K
YoY Change 144.26% -45.52% -79.74%
% of Gross Profit
Depreciation & Amortization $67.00K $64.00K $80.00K
YoY Change -16.25% -28.89% -27.27%
% of Gross Profit
Operating Expenses $2.100M $2.228M $1.440M
YoY Change 45.83% -31.49% -59.46%
Operating Profit -$2.228M -$1.440M
YoY Change -31.49% -59.81%
Interest Expense $89.00K $49.00K $320.0K
YoY Change -72.19% 390.0% 33.33%
% of Operating Profit
Other Income/Expense, Net $176.0K $139.0K -$110.0K
YoY Change -260.0% 1444.44% -145.64%
Pretax Income -$1.835M -$2.089M -$1.230M
YoY Change 49.19% -35.58% -63.2%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.835M -$2.089M -$1.230M
YoY Change 49.19% -35.58% -63.2%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$322.8K -$368.7K -$608.9K
COMMON SHARES
Basic Shares Outstanding 5.669M shares 5.663M shares 39.79M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.305M $3.543M $4.040M
YoY Change -67.7% 170.46% 37.41%
Cash & Equivalents $1.355M $3.543M $4.038M
Short-Term Investments
Other Short-Term Assets $90.00K $44.00K $106.0K
YoY Change -15.09% -83.94% -50.0%
Inventory
Prepaid Expenses $229.0K $289.0K
Receivables $176.0K $90.00K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.154M $3.906M $4.413M
YoY Change -51.19% 132.78% 26.59%
LONG-TERM ASSETS
Property, Plant & Equipment $479.0K $544.0K $632.0K
YoY Change -24.21% -38.18% -40.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $479.0K $544.0K $632.0K
YoY Change -24.21% -37.61% -40.66%
TOTAL ASSETS
Total Short-Term Assets $2.154M $3.906M $4.413M
Total Long-Term Assets $479.0K $544.0K $632.0K
Total Assets $2.633M $4.450M $5.045M
YoY Change -47.81% 74.51% 10.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $160.0K $204.0K $923.0K
YoY Change -82.67% -83.14% -4.05%
Accrued Expenses $404.0K $547.0K $380.0K
YoY Change 6.32% 3.21% -68.6%
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 $662.0K $938.0K $1.622M
YoY Change -59.19% -54.82% -41.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $662.0K $938.0K $1.622M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $662.0K $938.0K $1.622M
YoY Change -59.19% -54.82% -41.59%
SHAREHOLDERS EQUITY
Retained Earnings -$55.76M -$53.93M -$48.23M
YoY Change 15.61% 14.73% 32.81%
Common Stock $57.00K $57.00K $25.00K
YoY Change 128.0% -85.68% -85.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.971M $3.512M $3.423M
YoY Change
Total Liabilities & Shareholders Equity $2.633M $4.450M $5.045M
YoY Change -47.81% 74.3% 10.85%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income -$1.835M -$2.089M -$1.230M
YoY Change 49.19% -35.58% -63.2%
Depreciation, Depletion And Amortization $67.00K $64.00K $80.00K
YoY Change -16.25% -28.89% -27.27%
Cash From Operating Activities -$2.184M -$2.224M -$1.650M
YoY Change 32.36% -29.84% -44.82%
INVESTING ACTIVITIES
Capital Expenditures -$4.000K -$37.00K $0.00
YoY Change 270.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $4.000K
YoY Change
Cash From Investing Activities -$4.000K -$33.00K $0.00
YoY Change 230.0% -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 0.000 2.000K 4.380M
YoY Change -100.0% -99.81%
NET CHANGE
Cash From Operating Activities -2.184M -2.224M -1.650M
Cash From Investing Activities -4.000K -33.00K 0.000
Cash From Financing Activities 0.000 2.000K 4.380M
Net Change In Cash -2.188M -2.255M 2.730M
YoY Change -180.15% 6.87% -189.22%
FREE CASH FLOW
Cash From Operating Activities -$2.184M -$2.224M -$1.650M
Capital Expenditures -$4.000K -$37.00K $0.00
Free Cash Flow -$2.180M -$2.187M -$1.650M
YoY Change 32.12% -30.79% -43.49%

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194000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
461000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
591000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1600000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2098000 shares
CY2017Q4 us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
In addition, officers of the Company agreed to a temporary reduction and deferral in their salaries of 50% effective November 2017
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2018-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
Biostage, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001563665
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Trading Symbol
TradingSymbol
BSTG
CY2018Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5668733 shares
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Small Business
EntitySmallBusiness
true

Files In Submission

Name View Source Status
0001144204-18-058731-index-headers.html Edgar Link pending
0001144204-18-058731-index.html Edgar Link pending
0001144204-18-058731.txt Edgar Link pending
0001144204-18-058731-xbrl.zip Edgar Link pending
bstg-20180930.xml Edgar Link completed
bstg-20180930.xsd Edgar Link pending
bstg-20180930_cal.xml Edgar Link unprocessable
bstg-20180930_def.xml Edgar Link unprocessable
bstg-20180930_lab.xml Edgar Link unprocessable
bstg-20180930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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tv506123_10q.htm Edgar Link pending
tv506123_ex31-1.htm Edgar Link pending
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tv506123_ex32-1.htm Edgar Link pending
tv506123_ex32-2.htm Edgar Link pending