$IGXT
IntelGenx Technologies Corp.

2022 Q3 Form 10-Q Financial Statement

#000106299322017728 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $142.0K $398.0K $237.0K
YoY Change -76.05% 145.68% -17.13%
Cost Of Revenue $429.0K $482.0K $470.0K
YoY Change -14.03% 0.84% -24.32%
Gross Profit -$287.0K -$84.00K -$233.0K
YoY Change -405.32% -73.42% -30.45%
Gross Profit Margin -202.11% -21.11% -98.31%
Selling, General & Admin $1.204M $1.117M $1.084M
YoY Change 81.87% 34.9% 16.68%
% of Gross Profit
Research & Development $704.0K $787.0K $798.0K
YoY Change -19.45% 39.29% 69.43%
% of Gross Profit
Depreciation & Amortization $196.0K $196.0K $195.0K
YoY Change -1.51% -1.01% 1.56%
% of Gross Profit
Operating Expenses $2.533M $2.582M $2.077M
YoY Change 45.99% 24.79% -6.15%
Operating Profit -$2.391M -$2.184M -$2.310M
YoY Change 45.7% 14.53% 19.88%
Interest Expense $286.0K $400.0K -$376.0K
YoY Change -21.64% -8.05% -212.57%
% of Operating Profit
Other Income/Expense, Net -$285.0K -$400.0K -$376.0K
YoY Change -21.7% 40.85% 12.57%
Pretax Income -$2.676M -$2.584M -$2.686M
YoY Change 33.47% 17.94% 18.8%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.676M -$2.584M -$2.686M
YoY Change 33.67% 17.94% 18.8%
Net Earnings / Revenue -1884.51% -649.25% -1133.33%
Basic Earnings Per Share -$0.02 -$0.02 -$0.02
Diluted Earnings Per Share -$0.02 -$0.02 -$17.37K
COMMON SHARES
Basic Shares Outstanding 174.6M shares 154.9M shares 154.6M shares
Diluted Shares Outstanding 174.6M shares 154.9M shares 154.6M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.748M $6.977M $10.25M
YoY Change -60.54% -42.48% 418.15%
Cash & Equivalents $1.498M $1.975M $6.614M
Short-Term Investments $3.250M $5.002M $3.635M
Other Short-Term Assets $301.0K $321.0K $340.0K
YoY Change -5.94% 11.07% -8.6%
Inventory $80.00K $85.00K $88.00K
Prepaid Expenses $112.0K $120.0K
Receivables $589.0K $588.0K $754.0K
Other Receivables $93.00K $219.0K $225.0K
Total Short-Term Assets $5.811M $8.190M $11.66M
YoY Change -58.46% -40.82% 228.06%
LONG-TERM ASSETS
Property, Plant & Equipment $4.527M $4.864M $6.124M
YoY Change -29.24% -23.03% -4.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $242.0K $257.0K $256.0K
YoY Change -3.97% -0.77% 0.39%
Total Long-Term Assets $5.543M $5.999M $6.380M
YoY Change -16.65% -8.8% -4.66%
TOTAL ASSETS
Total Short-Term Assets $5.811M $8.190M $11.66M
Total Long-Term Assets $5.543M $5.999M $6.380M
Total Assets $11.35M $14.19M $18.04M
YoY Change -44.99% -30.5% 76.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.974M $1.978M $2.351M
YoY Change -14.32% -9.35% 20.63%
Accrued Expenses $231.0K $245.0K $252.0K
YoY Change -6.85% 65.54% 75.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $4.327M
YoY Change -100.0% 21.78%
Long-Term Debt Due $0.00 $0.00 $37.00K
YoY Change 42.31%
Total Short-Term Liabilities $2.240M $2.260M $7.105M
YoY Change -72.33% -54.72% 22.14%
LONG-TERM LIABILITIES
Long-Term Debt $5.500M $5.500M $9.713M
YoY Change -16.12% -32.43%
Other Long-Term Liabilities $465.0K $540.0K $604.0K
YoY Change -32.71% 21.35% 30.45%
Total Long-Term Liabilities $5.500M $5.500M $10.32M
YoY Change -24.12% -35.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.240M $2.260M $7.105M
Total Long-Term Liabilities $5.500M $5.500M $10.32M
Total Liabilities $12.48M $12.54M $17.42M
YoY Change -19.08% -7.6% 31.13%
SHAREHOLDERS EQUITY
Retained Earnings -$65.79M -$63.11M
YoY Change
Common Stock $1.000K $1.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.128M $1.645M $614.0K
YoY Change
Total Liabilities & Shareholders Equity $11.35M $14.19M $18.04M
YoY Change -44.99% -30.5% 76.05%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.676M -$2.584M -$2.686M
YoY Change 33.67% 17.94% 18.8%
Depreciation, Depletion And Amortization $196.0K $196.0K $195.0K
YoY Change -1.51% -1.01% 1.56%
Cash From Operating Activities -$2.079M -$2.597M -$2.287M
YoY Change 20.66% 36.61% 55.68%
INVESTING ACTIVITIES
Capital Expenditures $141.0K $42.00K -$64.00K
YoY Change -343.1% 320.0% -633.33%
Acquisitions
YoY Change
Other Investing Activities $1.500M -$2.039M $2.019M
YoY Change -63.54% 222.01%
Cash From Investing Activities $1.359M -$2.081M $1.955M
YoY Change -2443.1% -62.86% 217.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00 $0.00
YoY Change
Cash From Financing Activities -$7.000K -$9.000K 2.991M
YoY Change -100.38% -100.07% 137.95%
NET CHANGE
Cash From Operating Activities -$2.079M -$2.597M -2.287M
Cash From Investing Activities $1.359M -$2.081M 1.955M
Cash From Financing Activities -$7.000K -$9.000K 2.991M
Net Change In Cash -$727.0K -$4.687M 2.659M
YoY Change 1153.45% -195.91% 559.8%
FREE CASH FLOW
Cash From Operating Activities -$2.079M -$2.597M -$2.287M
Capital Expenditures $141.0K $42.00K -$64.00K
Free Cash Flow -$2.220M -$2.639M -$2.223M
YoY Change 33.33% 38.1% 50.1%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Shell Company
EntityShellCompany
false
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Filer Category
EntityFilerCategory
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dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5450000 cad
dei Document Type
DocumentType
10-Q
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Entity File Number
EntityFileNumber
000-31187
dei Entity Registrant Name
EntityRegistrantName
INTELGENX TECHNOLOGIES CORP.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
87-0638336
dei Entity Address Address Line1
EntityAddressAddressLine1
6420 Abrams
dei Entity Address City Or Town
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Ville Saint Laurent
dei Entity Address State Or Province
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QC
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
H4S 1Y2
dei Entity Address Country
EntityAddressCountry
CA
dei City Area Code
CityAreaCode
514
dei Local Phone Number
LocalPhoneNumber
331-7440
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
174646197 shares
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
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-63110000 usd
us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
73000 usd
CY2021 us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
74000 usd

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