2015 Q1 Form 10-K Financial Statement
#000119312515050220 Filed on February 13, 2015
Income Statement
Concept | 2015 Q1 | 2013 Q4 | 2013 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $610.0K | $200.0K | $820.0K |
YoY Change | 281.25% | -16.67% | 46.43% |
% of Gross Profit | |||
Research & Development | $313.0K | $20.00K | $1.065M |
YoY Change | 1136.0% | ||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $922.7K | $210.0K | $2.000M |
YoY Change | 393.59% | -12.5% | 256.68% |
Operating Profit | -$922.7K | -$2.000M | |
YoY Change | 393.59% | 256.68% | |
Interest Expense | $0.00 | $0.00 | $1.923K |
YoY Change | -100.0% | -100.0% | -97.6% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$920.0K | -$220.0K | -$1.840M |
YoY Change | 360.0% | 0.0% | -1068.42% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$922.7K | -$220.0K | -$1.835M |
YoY Change | 369.58% | 0.0% | -1084.65% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.10 | ||
Diluted Earnings Per Share | $0.00 | -$0.01 | -$0.10 |
COMMON SHARES | |||
Basic Shares Outstanding | 211.4M shares | 18.89M shares | 17.94M shares |
Diluted Shares Outstanding | 17.94M shares |
Balance Sheet
Concept | 2015 Q1 | 2013 Q4 | 2013 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $80.00K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Cash & Equivalents | $83.95K | $217.00 | $0.00 |
Short-Term Investments | |||
Other Short-Term Assets | $43.72K | $10.00K | |
YoY Change | 337.23% | -87.5% | |
Inventory | |||
Prepaid Expenses | $10.00K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $127.7K | $10.22K | $10.00K |
YoY Change | 1121.06% | -98.91% | -98.94% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $127.7K | $10.22K | $10.00K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $127.7K | $10.22K | $10.00K |
YoY Change | 1121.06% | -98.91% | -98.94% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $493.9K | $287.1K | $290.0K |
YoY Change | 39.08% | -22.12% | -21.62% |
Accrued Expenses | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $70.00K | $70.00K |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $568.6K | $776.1K | $780.0K |
YoY Change | -41.55% | 38.59% | 39.29% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $568.6K | $776.1K | $780.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $568.6K | $776.1K | $780.0K |
YoY Change | -41.38% | -27.42% | -27.1% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$33.15M | -$28.25M | |
YoY Change | 16.53% | 6.95% | |
Common Stock | $32.70M | $1.889K | |
YoY Change | 1731225.3% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$440.9K | -$765.8K | -$770.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $127.7K | $10.22K | $10.00K |
YoY Change | 1121.06% | -98.91% | -98.94% |
Cashflow Statement
Concept | 2015 Q1 | 2013 Q4 | 2013 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$922.7K | -$220.0K | -$1.835M |
YoY Change | 369.58% | 0.0% | -1084.65% |
Depreciation, Depletion And Amortization | $0.00 | ||
YoY Change | |||
Cash From Operating Activities | -$280.0K | -$170.0K | -$1.224M |
YoY Change | 154.55% | 183.33% | 163.56% |
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 | 0.000 | 170.0K | 366.1K |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -280.0K | -170.0K | -1.224M |
Cash From Investing Activities | |||
Cash From Financing Activities | 0.000 | 170.0K | 366.1K |
Net Change In Cash | -280.0K | 0.000 | -857.5K |
YoY Change | -100.0% | 84.7% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$280.0K | -$170.0K | -$1.224M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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|
245443 | shares |
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|
-0.10 | |
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Notes Issued1
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Revenues
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Interest Expense
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1923 | |
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Operating Expenses
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Research And Development Expense
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Income Tax Expense Benefit
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Income Tax Reconciliation State And Local Income Taxes
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Proceeds From Repayments Of Related Party Debt
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General And Administrative Expense
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|
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Bankruptcy Claims Settlement In Equity
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|
152000 | |
CY2013 | hppi |
Gain Loss On Reorganization
GainLossOnReorganization
|
166676 | |
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Deposit Reclassified To Preferred Stock
DepositReclassifiedToPreferredStock
|
30000 | |
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Net Cash Provided By Operating Activities Before Reorganization Items
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|
-699674 | |
CY2013 | hppi |
Bankruptcy Claims Settlement In Cash
BankruptcyClaimsSettlementInCash
|
357265 | |
CY2013 | hppi |
Period Consider For Average Equity Stock Price Calculation Per Share
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|
P30D | |
CY2013 | hppi |
In Process Research And Development Paid In Stock And Warrants
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|
1020004 | |
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Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2014 | dei |
Document Type
DocumentType
|
10-K | |
CY2014 | dei |
Entity Registrant Name
EntityRegistrantName
|
HedgePath Pharmaceuticals, Inc. | |
CY2014 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2014 | dei |
Trading Symbol
TradingSymbol
|
HPPI | |
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Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 30px; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b><i>Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-LEFT: 30px; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The preparation of financial statements 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 revenues and expenses during the period. Actual results could differ from those estimates.</p> </div> | |
CY2014 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
95884524 | shares |
CY2014 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-12-31 | |
CY2014 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
753585 | |
CY2014 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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|
1407921 | |
CY2014 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2014 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2014 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y | |
CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1303524 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2014 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2014 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2014 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001042418 | |
CY2014 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | |
CY2014 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2014 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2014 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
250000 | |
CY2014 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
753585 | |
CY2014 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3937817 | |
CY2014 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
619134 | |
CY2014 | us-gaap |
Revenues
Revenues
|
0 | |
CY2014 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
105170 | |
CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3975298 | |
CY2014 | us-gaap |
Interest Paid
InterestPaid
|
2005 | |
CY2014 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
450000 | |
CY2014 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
87817 | |
CY2014 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
80899 | |
CY2014 | us-gaap |
Interest Expense
InterestExpense
|
37481 | |
CY2014 | us-gaap |
Operating Expenses
OperatingExpenses
|
3937817 | |
CY2014 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2430735 | |
CY2014 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
364944 | |
CY2014 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-1351601 | |
CY2014 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2014 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
61327 | |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1668468 | |
CY2014 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1500000 | |
CY2014 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-137219 | |
CY2014 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
273638 | |
CY2014 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1507082 | |
CY2014 | hppi |
Issuance Of Preferred Stock
IssuanceOfPreferredStock
|
1290726 | |
CY2014 | hppi |
Gain Loss On Reorganization
GainLossOnReorganization
|
0 | |
CY2014 | hppi |
Net Cash Provided By Operating Activities Before Reorganization Items
NetCashProvidedByOperatingActivitiesBeforeReorganizationItems
|
-1303524 | |
CY2014 | hppi |
Stock Issued During Period Value Debt Forgiveness
StockIssuedDuringPeriodValueDebtForgiveness
|
189768 | |
CY2014 | hppi |
Noncash Interest Expense
NoncashInterestExpense
|
34819 | |
CY2014 | hppi |
Supply And License Agreement Term Duration From First Commercial Transaction
SupplyAndLicenseAgreementTermDurationFromFirstCommercialTransaction
|
P10Y | |
CY2014 | hppi |
In Process Research And Development Paid In Stock And Warrants
InProcessResearchAndDevelopmentPaidInStockAndWarrants
|
1909860 | |
CY2014 | hppi |
Collection Of Stock Subscription Receivable
CollectionOfStockSubscriptionReceivable
|
1250000 |