2020 Q2 Form 10-Q Financial Statement
#000106299320003912 Filed on August 13, 2020
Income Statement
| Concept | 2020 Q2 | 2019 Q2 |
|---|---|---|
| Revenue | $40.00K | $200.0K |
| YoY Change | -80.0% | -13.04% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.020M | $1.180M |
| YoY Change | -13.56% | -10.61% |
| % of Gross Profit | ||
| Research & Development | $600.0K | $1.180M |
| YoY Change | -49.15% | 37.21% |
| % of Gross Profit | ||
| Depreciation & Amortization | $170.0K | $170.0K |
| YoY Change | 0.0% | -5.56% |
| % of Gross Profit | ||
| Operating Expenses | $1.790M | $2.540M |
| YoY Change | -29.53% | 7.63% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $300.0K | -$270.0K |
| YoY Change | -211.11% | -3.57% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $101.0K | -$266.0K |
| YoY Change | -137.97% | |
| Pretax Income | -$1.650M | -$2.600M |
| YoY Change | -36.54% | 8.33% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.650M | -$2.600M |
| YoY Change | -36.54% | 8.33% |
| Net Earnings / Revenue | -4125.0% | -1300.0% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$0.01 | -$0.03 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q2 | 2019 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.090M | $6.140M |
| YoY Change | -49.67% | 66.85% |
| Cash & Equivalents | $130.0K | $5.580M |
| Short-Term Investments | $2.950M | $560.0K |
| Other Short-Term Assets | $140.0K | $360.0K |
| YoY Change | -61.11% | -38.98% |
| Inventory | $370.0K | $390.0K |
| Prepaid Expenses | ||
| Receivables | $380.0K | $470.0K |
| Other Receivables | $470.0K | $620.0K |
| Total Short-Term Assets | $4.440M | $7.980M |
| YoY Change | -44.36% | 53.17% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $6.400M | $7.090M |
| YoY Change | -9.73% | 15.28% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $720.0K | $740.0K |
| YoY Change | -2.7% | 1.37% |
| Total Long-Term Assets | $7.130M | $7.830M |
| YoY Change | -8.94% | 13.81% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $4.440M | $7.980M |
| Total Long-Term Assets | $7.130M | $7.830M |
| Total Assets | $11.57M | $15.81M |
| YoY Change | -26.82% | 30.77% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.030M | $1.520M |
| YoY Change | 33.55% | -24.0% |
| Accrued Expenses | $140.0K | $140.0K |
| YoY Change | 0.0% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.360M | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $580.0K | $740.0K |
| YoY Change | -21.62% | 0.0% |
| Total Short-Term Liabilities | $4.110M | $2.400M |
| YoY Change | 71.25% | -12.41% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $5.540M | $7.410M |
| YoY Change | -25.24% | -2.88% |
| Other Long-Term Liabilities | $490.0K | $590.0K |
| YoY Change | -16.95% | 1080.0% |
| Total Long-Term Liabilities | $6.030M | $8.000M |
| YoY Change | -24.63% | 4.17% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.110M | $2.400M |
| Total Long-Term Liabilities | $6.030M | $8.000M |
| Total Liabilities | $10.13M | $10.39M |
| YoY Change | -2.5% | -0.29% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.434M | $5.420M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $11.57M | $15.81M |
| YoY Change | -26.82% | 30.77% |
Cashflow Statement
| Concept | 2020 Q2 | 2019 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.650M | -$2.600M |
| YoY Change | -36.54% | 8.33% |
| Depreciation, Depletion And Amortization | $170.0K | $170.0K |
| YoY Change | 0.0% | -5.56% |
| Cash From Operating Activities | -$1.540M | -$2.310M |
| YoY Change | -33.33% | 52.98% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $20.00K | $140.0K |
| YoY Change | -85.71% | 1300.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $1.450M | $1.460M |
| YoY Change | -0.68% | 274.36% |
| Cash From Investing Activities | $1.430M | $1.310M |
| YoY Change | 9.16% | 254.05% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 10.00K | -180.0K |
| YoY Change | -105.56% | -106.23% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.540M | -2.310M |
| Cash From Investing Activities | 1.430M | 1.310M |
| Cash From Financing Activities | 10.00K | -180.0K |
| Net Change In Cash | -100.0K | -1.180M |
| YoY Change | -91.53% | -167.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.540M | -$2.310M |
| Capital Expenditures | $20.00K | $140.0K |
| Free Cash Flow | -$1.560M | -$2.450M |
| YoY Change | -36.33% | 61.18% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
IntelGenx Technologies Corp. | ||
| CY2019Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
1255000 | USD |
| CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
317000 | USD |
| CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1434000 | USD |
| CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
293000 | USD |
| CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
125000 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
372000 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
402000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-5192000 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
61000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3902000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4657000 | USD | |
| CY2020Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
401000 | USD |
| CY2019Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
32000 | USD |
| CY2020Q2 | us-gaap |
Interest Expense
InterestExpense
|
300000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
607000 | USD | |
| us-gaap |
Interest Expense
InterestExpense
|
596000 | USD | |
| CY2020Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
101000 | USD |
| CY2019Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-266000 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-205000 | USD | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-535000 | USD | |
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-148000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4227000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4820000 | USD | |
| CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
| CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.03 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.05 | ||
| us-gaap |
Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
|
-143000 | USD | |
| us-gaap |
Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
|
112000 | USD | |
| CY2020Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
401000 | USD |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6000 | USD | |
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
401000 | USD | |
| igxt |
Lease Expense
LeaseExpense
|
6000 | USD | |
| igxt |
Total Adjustments
TotalAdjustments
|
-3878000 | USD | |
| igxt |
Total Adjustments
TotalAdjustments
|
-4306000 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1233000 | USD | |
| us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-4000 | USD | |
| igxt |
Proceeds From Exercise Of Warrants And Stock Options
ProceedsFromExerciseOfWarrantsAndStockOptions
|
21000 | USD | |
| us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
5564000 | USD | |
| us-gaap |
Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
|
320000 | USD | |
| CY2020Q2 | igxt |
Payments For Transaction Costs Of Debt Modification
PaymentsForTransactionCostsOfDebtModification
|
69000 | USD |
| us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
4532000 | USD | |
| us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
1469000 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1509000 | USD | |
| us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
Bank's prime lending rate plus 2%. | ||
| us-gaap |
Line Of Credit Facility Collateral
LineOfCreditFacilityCollateral
|
The credit facility and term loan (see note 8) are secured by a first ranking movable hypothec on all present and future movable property of the Company for an amount of CAD$4,250,000 ($3,119,000) plus 20%, and a 50% guarantee by Export Development Canada, a Canadian Crown corporation export credit agency. | ||
| CY2020Q2 | igxt |
Line Of Credit Facility Collateral Amount
LineOfCreditFacilityCollateralAmount
|
4250000 | CAD |
| CY2020Q2 | igxt |
Line Of Credit Facility Collateral Amount
LineOfCreditFacilityCollateralAmount
|
3119000 | USD |
| igxt |
Line Of Credit Facility Collateral Percentage
LineOfCreditFacilityCollateralPercentage
|
0.20 | pure | |
| igxt |
Line Of Credit Facility Guarantee Percentage By Export Development Canada
LineOfCreditFacilityGuaranteePercentageByExportDevelopmentCanada
|
0.50 | pure | |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
160000 | USD |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
218000 | CAD |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
145000 | USD |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
148000 | USD |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
150000 | USD |
