2015 Q4 Form 10-Q Financial Statement

#000119312515372837 Filed on November 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 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 $1.670M $1.230M $1.490M
YoY Change 12.08% 24.24% 115.94%
% of Gross Profit
Research & Development $3.930M $3.687M $6.330M
YoY Change -37.91% -30.73% 130.18%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $5.590M $4.917M $7.820M
YoY Change -28.52% -22.08% 127.33%
Operating Profit
YoY Change
Interest Expense $20.00K $4.000K -$10.00K
YoY Change -300.0% 100.0% -80.0%
% of Operating Profit
Other Income/Expense, Net -$90.00K -$118.0K -$260.0K
YoY Change -65.38% -553.85% 420.0%
Pretax Income -$5.660M -$5.035M -$8.090M
YoY Change -30.04% -19.88% 128.53%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$5.660M -$5.035M -$8.090M
YoY Change -30.04% -19.88% 128.53%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$327.9K -$425.7K -$754.7K
COMMON SHARES
Basic Shares Outstanding 17.21M shares 10.73M shares 10.70M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.50M $117.4M $39.10M
YoY Change 90.54% 193.5% 183.33%
Cash & Equivalents $39.53M $109.4M $14.91M
Short-Term Investments $35.00M $8.000M $24.20M
Other Short-Term Assets $300.0K $500.0K $100.0K
YoY Change 200.0% 66.67% -93.33%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00 $100.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $74.80M $117.9M $39.30M
YoY Change 90.32% 192.18% 156.93%
LONG-TERM ASSETS
Property, Plant & Equipment $89.00K $81.00K $105.0K
YoY Change -15.24% -16.99% 39.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $38.50M $0.00 $2.000M
YoY Change 1825.0% -100.0%
Other Assets $0.00 $12.00K $13.00K
YoY Change -100.0% -13.44% -95.31%
Total Long-Term Assets $38.55M $93.00K $2.121M
YoY Change 1717.4% -98.87% 501.27%
TOTAL ASSETS
Total Short-Term Assets $74.80M $117.9M $39.30M
Total Long-Term Assets $38.55M $93.00K $2.121M
Total Assets $113.3M $118.0M $41.42M
YoY Change 173.63% 142.78% 164.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.800M $3.900M $5.200M
YoY Change -7.69% -15.22% 766.67%
Accrued Expenses
YoY Change
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 $4.792M $3.859M $5.203M
YoY Change -7.9% -15.59% 98.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $131.0K $100.0K $72.00K
YoY Change 81.94% 0.0% 741.12%
Total Long-Term Liabilities $131.0K $100.0K $72.00K
YoY Change 81.94% 0.0% 741.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.792M $3.859M $5.203M
Total Long-Term Liabilities $131.0K $100.0K $72.00K
Total Liabilities $4.923M $4.001M $5.275M
YoY Change -6.67% -13.69% -29.52%
SHAREHOLDERS EQUITY
Retained Earnings -$111.3M -$105.6M -$89.42M
YoY Change 24.45% 29.87% 36.11%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $108.4M $114.0M $36.15M
YoY Change
Total Liabilities & Shareholders Equity $113.3M $118.0M $41.42M
YoY Change 173.63% 142.78% 164.69%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income -$5.660M -$5.035M -$8.090M
YoY Change -30.04% -19.88% 128.53%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$3.960M -$4.210M -$6.700M
YoY Change -40.9% 0.72% 79.14%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$10.00K -$20.00K
YoY Change -50.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities -$65.67M $6.070M $6.080M
YoY Change -1180.1% 173.42% -316.37%
Cash From Investing Activities -$65.68M $6.060M $6.050M
YoY Change -1185.62% 174.21% -315.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -150.0K 93.08M 0.000
YoY Change -186260.0% -100.0%
NET CHANGE
Cash From Operating Activities -3.960M -4.210M -6.700M
Cash From Investing Activities -65.68M 6.060M 6.050M
Cash From Financing Activities -150.0K 93.08M 0.000
Net Change In Cash -69.79M 94.93M -650.0K
YoY Change 10636.92% -4799.5% -86.32%
FREE CASH FLOW
Cash From Operating Activities -$3.960M -$4.210M -$6.700M
Capital Expenditures -$10.00K -$10.00K -$20.00K
Free Cash Flow -$3.950M -$4.200M -$6.680M
YoY Change -40.87% 0.96% 78.61%

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DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001404644
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M13D
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
9.26
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.98 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.46
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
AQUINOX PHARMACEUTICALS, INC
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.99
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.02
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
18147000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
93096000
us-gaap Share Based Compensation
ShareBasedCompensation
1145000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
94467000
dei Trading Symbol
TradingSymbol
AQXP
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11096369 shares
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M4D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
287750 shares
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-46000
us-gaap Net Income Loss
NetIncomeLoss
-16197000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16197000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
364000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6063000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-365000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-450000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
7000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16190000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16197000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-70000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-39000
us-gaap Operating Expenses
OperatingExpenses
15747000
us-gaap Interest Expense
InterestExpense
15000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11873000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1515000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1121000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1145000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3874000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
18163000
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
98038000
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
36000
aqxp Share Issuance Expenditures Incurred But Not Yet Paid
ShareIssuanceExpendituresIncurredButNotYetPaid
169000
aqxp Period Shares Reserved For Issuance Will Increase
PeriodSharesReservedForIssuanceWillIncrease
P10Y
aqxp Fair Value Transfers Between Level One Level Two And Level Three Amount
FairValueTransfersBetweenLevelOneLevelTwoAndLevelThreeAmount
0
aqxp Common Stock Reserved For Issuance Description
CommonStockReservedForIssuanceDescription
Additionally, the number of shares of common stock reserved for issuance under the 2014 Plan will automatically increase on January 1 of each year for a period of up to 10 years, beginning on January 1, 2015 and ending on and including January 1, 2024, by 4% of the total number of shares of capital outstanding on December 31 of the preceding calendar year, or a lesser number of shares determined by the board of directors.
aqxp Stock Based Compensation Increase In Common Stock Issuance Percentage
StockBasedCompensationIncreaseInCommonStockIssuancePercentage
0.04 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M28D
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0170 pure
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.59
CY2014Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
824721 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.08 pure
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.16
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10695042 shares
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-6284000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6284000
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
26000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6278000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6284000
CY2014Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
29000
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
6310000
CY2014Q3 us-gaap Interest Expense
InterestExpense
2000
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5323000
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
233000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
987000
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.43
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
870320 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11841147 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-5035000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5035000
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-38000
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-118000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5036000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5035000
CY2015Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-76000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
4917000
CY2015Q3 us-gaap Interest Expense
InterestExpense
4000
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3687000
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
424000
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1230000
CY2015Q3 aqxp Fair Value Transfers Between Level One Level Two And Level Three Amount
FairValueTransfersBetweenLevelOneLevelTwoAndLevelThreeAmount
0

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0001193125-15-372837-index-headers.html Edgar Link pending
0001193125-15-372837-index.html Edgar Link pending
0001193125-15-372837.txt Edgar Link pending
0001193125-15-372837-xbrl.zip Edgar Link pending
aqxp-20150930.xml Edgar Link completed
aqxp-20150930.xsd Edgar Link pending
aqxp-20150930_cal.xml Edgar Link unprocessable
aqxp-20150930_def.xml Edgar Link unprocessable
aqxp-20150930_lab.xml Edgar Link unprocessable
aqxp-20150930_pre.xml Edgar Link unprocessable
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