2016 Q1 Form 10-Q Financial Statement

#000114420416100445 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q2 2015 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $980.0K $1.050M $600.0K
YoY Change 63.33% -33.96% -1.64%
% of Gross Profit
Research & Development $1.067M $1.390M $546.5K
YoY Change 95.35% -36.82% -12.67%
% of Gross Profit
Depreciation & Amortization $163.5K $140.0K $51.33K
YoY Change 218.54% 180.0% 2.66%
% of Gross Profit
Operating Expenses $1.067M $2.440M $1.123M
YoY Change -4.91% -35.62% -8.98%
Operating Profit -$1.123M
YoY Change -8.98%
Interest Expense $301.1K $1.830M $1.920M
YoY Change -84.32% -230.71% -29.55%
% of Operating Profit
Other Income/Expense, Net -$2.943M -$310.0K $871.6K
YoY Change -437.7% 106.67% -65.92%
Pretax Income -$4.992M -$920.0K -$251.0K
YoY Change 1888.57% -82.77% -118.96%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.992M -$920.0K -$251.0K
YoY Change 1888.57% -82.77% -118.96%
Net Earnings / Revenue
Basic Earnings Per Share -$0.09 $0.00
Diluted Earnings Per Share -$0.09 -$321.7K -$0.02
COMMON SHARES
Basic Shares Outstanding 57.84M shares 57.15M shares 56.94M shares
Diluted Shares Outstanding 57.84M shares 59.61M shares

Balance Sheet

Concept 2016 Q1 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.60M $31.47M $33.92M
YoY Change -24.53% -14.25% 1.95%
Cash & Equivalents $25.60M $31.47M $33.92M
Short-Term Investments
Other Short-Term Assets $310.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses $314.5K $214.4K $308.6K
Receivables
Other Receivables
Total Short-Term Assets $25.91M $31.68M $34.29M
YoY Change -24.45% -14.27% -0.9%
LONG-TERM ASSETS
Property, Plant & Equipment $11.90M $11.96M $10.91M
YoY Change 9.09% 117.63% 177.16%
Goodwill
YoY Change
Intangibles $399.7K $401.8K
YoY Change -2.09% -2.11%
Long-Term Investments
YoY Change
Other Assets $120.0K $140.0K $0.00
YoY Change -86.0% -100.0%
Total Long-Term Assets $12.41M $12.50M $11.31M
YoY Change 9.71% 81.1% 78.21%
TOTAL ASSETS
Total Short-Term Assets $25.91M $31.68M $34.29M
Total Long-Term Assets $12.41M $12.50M $11.31M
Total Assets $38.32M $44.19M $45.60M
YoY Change -15.98% 0.75% 11.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $450.0K $410.0K $20.00K
YoY Change 2150.0% -4.65% -98.0%
Accrued Expenses $78.37K $28.52K $125.1K
YoY Change -37.33% -68.95% -39.62%
Deferred Revenue
YoY Change
Short-Term Debt $5.270M $0.00 $0.00
YoY Change
Long-Term Debt Due $5.271M $0.00
YoY Change
Total Short-Term Liabilities $6.619M $600.9K $523.4K
YoY Change 1164.59% 16.06% -56.67%
LONG-TERM LIABILITIES
Long-Term Debt $2.960M $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $4.760M $4.620M $6.350M
YoY Change -25.04% -57.77% 66.23%
Total Long-Term Liabilities $7.716M $11.80M $13.22M
YoY Change -41.62% -40.92% 12.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.619M $600.9K $523.4K
Total Long-Term Liabilities $7.716M $11.80M $13.22M
Total Liabilities $14.34M $12.40M $13.74M
YoY Change 4.32% -39.48% 5.68%
SHAREHOLDERS EQUITY
Retained Earnings -$63.17M -$54.10M -$53.18M
YoY Change 18.79% 4.24% 18.44%
Common Stock $57.24K $57.15K
YoY Change 4.8% 4.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.98M $31.79M $31.86M
YoY Change
Total Liabilities & Shareholders Equity $38.32M $44.19M $45.60M
YoY Change -15.97% 0.75% 11.36%

Cashflow Statement

Concept 2016 Q1 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income -$4.992M -$920.0K -$251.0K
YoY Change 1888.57% -82.77% -118.96%
Depreciation, Depletion And Amortization $163.5K $140.0K $51.33K
YoY Change 218.54% 180.0% 2.66%
Cash From Operating Activities -$2.580M -$1.250M -$2.090M
YoY Change 23.44% 31.58% 12.37%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$1.200M -$250.0K
YoY Change -76.0% -25.47% -80.16%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $1.000M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$60.00K -$1.200M $750.0K
YoY Change -108.0% 96.72% -159.52%
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 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -2.580M -1.250M -2.090M
Cash From Investing Activities -60.00K -1.200M 750.0K
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash -2.640M -2.450M -1.340M
YoY Change 97.01% -171.22% -108.21%
FREE CASH FLOW
Cash From Operating Activities -$2.580M -$1.250M -$2.090M
Capital Expenditures -$60.00K -$1.200M -$250.0K
Free Cash Flow -$2.520M -$50.00K -$1.840M
YoY Change 36.96% -107.58% 206.67%

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CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.16
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.02
CY2015Q2 us-gaap Due To Related Parties Current And Noncurrent
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9000000 USD
CY2016Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
9000000 USD
CY2015Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
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CY2016Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
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CY2015Q2 nnvc Office Equipment Gross
OfficeEquipmentGross
65241 USD
CY2016Q1 nnvc Office Equipment Gross
OfficeEquipmentGross
76056 USD
CY2015Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1400 USD
CY2014Q1 us-gaap Class Of Warrant Or Right Outstanding
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CY2016Q1 us-gaap Fixtures And Equipment Gross
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CY2016Q1 us-gaap Furniture And Fixtures Gross
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CY2015Q2 us-gaap Fixtures And Equipment Gross
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5264272 USD
CY2016Q1 us-gaap Land
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260000 USD
CY2015Q2 us-gaap Land
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260000 USD
CY2016Q1 us-gaap Depreciation
Depreciation
163511 USD
CY2015Q1 us-gaap Depreciation
Depreciation
51332 USD
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
332476 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
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CY2016Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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nnvc Share Based Compensation Arrangement By Share Based Payment Award Voting Rights Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardVotingRightsPercentage
0.0536 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2013Q3 nnvc Warrants Issued
WarrantsIssued
2945428 shares
CY2014Q1 nnvc Warrants Issued
WarrantsIssued
2479935 shares
CY2013Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2810071 shares
CY2016Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5425222 shares
CY2016Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
0 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
78255 USD
CY2015Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
26085 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
0 USD
CY2016Q1 us-gaap Security Deposit
SecurityDeposit
6239 USD
CY2015Q2 us-gaap Security Deposit
SecurityDeposit
0 USD
CY2016Q1 us-gaap Other Assets
OtherAssets
115190 USD
CY2015Q2 us-gaap Other Assets
OtherAssets
142531 USD
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
57973199 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
57973199 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
57242070 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
57242070 shares
nnvc Adjustments To Additional Paid In Capital Warrant Issued For Debenture Interest
AdjustmentsToAdditionalPaidInCapitalWarrantIssuedForDebentureInterest
56115 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
56115 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
0 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
1000000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-424267 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-4564152 USD
nnvc Issuance Of Series C Debenture For Deposit Received
IssuanceOfSeriesCDebentureForDepositReceived
5000000 USD
nnvc Bifurccation Of Embedded Derivative
BifurccationOfEmbeddedDerivative
1879428 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt">Note 1 - Organization and Nature of Business</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">NanoViricides, Inc. was incorporated under the laws of the State of Colorado on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> July 25, 2000</font> as Edot-com.com, Inc<b>.</b> which was organized for the purpose of conducting internet retail sales.&#160;&#160;On April 1, 2005, Edot-com.com, Inc. was incorporated under the laws of the State of Nevada for the purpose of re-domiciling as a Nevada corporation.&#160;&#160;On <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">May 12, 2005</font>, the corporations were merged and Edot-com.com, Inc<b>.,</b> the Nevada corporation, became the surviving entity.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On June 1, 2005, Edot-com.com, Inc. (&#8220;ECMM&#8221;) acquired Nanoviricides, Inc., a privately owned Florida corporation (&#8220;NVI&#8221;), pursuant to an Agreement and Plan of Share Exchange (the &#8220;Exchange&#8221;).&#160;&#160;Nanoviricides, Inc. was incorporated under the laws of the State of Florida on May 12, 2005.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Pursuant to the terms of the Exchange, ECMM acquired NVI in exchange for an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 80,000,000</font> newly issued shares of ECMM common stock resulting in an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100,000,000</font> shares of ECMM common stock issued and outstanding.&#160;&#160;NVI then became a wholly-owned subsidiary of ECMM. The ECMM shares were issued to the NVI shareholders on a pro rata basis, on the basis of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 4,000</font> shares of the Company&#8217;s common stock for each share of NVI common stock held by such NVI shareholder at the time of the Exchange.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">As a result of the Exchange transaction, the former NVI stockholders held approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 80</font>% of the voting capital stock of the Company immediately after the Exchange.&#160;&#160;For financial accounting purposes, this acquisition was a reverse acquisition of the Company by NVI, under the purchase method of accounting, and was treated as a recapitalization with NVI as the acquirer. Accordingly, the financial statements have been prepared to give retroactive effect to May 12, 2005 (date of inception), of the reverse acquisition completed on June 1, 2005, and represent the operations of NVI.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On June 28, 2005, NVI was merged into its parent ECMM and the separate corporate existence of NVI ceased.&#160;&#160;Effective on the same date, Edot-com.com, Inc. changed its name&#160;to NanoViricides, Inc. and its stock symbol to &#8220;NNVC&#8221;, respectively.&#160;&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> NanoViricides,&#160;&#160;Inc. (the &#8220;Company&#8221;), is a nano-biopharmaceutical company whose business goals are to discover, develop and commercialize therapeutics to advance the care of patients suffering from life-threatening viral infections. NanoViricides is unique in the bio-pharma field in that it possesses its own state of the art facilities for the design, synthesis, analysis and characterization of the nanomedicines that we develop, as well as for production scale-up, and e-GMP-like production in quantities needed for human clinical trials. The biological studies such as the effectiveness, safety, bio-distribution and Pharmacokinetics/Pharmacodynamics on our drug candidates are performed by external collaborators and contract organizations.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">We are a company with several drugs in various stages of early development. Our drugs are based on several patents, patent applications, provisional patent applications, and other proprietary intellectual property held by TheraCour Pharma, Inc. (&#8220;TheraCour&#8221;), to which we have the necessary exclusive licenses in perpetuity. The first agreement we executed with TheraCour on September 1, 2005, gave us an exclusive, worldwide license for the treatment of the following human viral diseases: Human Immunodeficiency Virus (HIV/AIDS), Hepatitis B Virus (HBV), Hepatitis C Virus (HCV), Herpes Simplex Virus (HSV), Influenza and Asian Bird Flu Virus.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On February 15, 2010 the Company executed an Additional License Agreement with TheraCour.&#160;&#160;Pursuant to the Additional License Agreement, the Company was granted exclusive licenses, in perpetuity, for technologies, developed by TheraCour, for the development of drug candidates for the treatment of Dengue viruses, Ebola/Marburg viruses, Japanese Encephalitis, viruses causing viral Conjunctivitis (a disease of the eye) and Ocular Herpes.&#160;&#160;As consideration for obtaining these exclusive licenses, we agreed to pay a one-time licensing fee equal to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2,000,000</font> shares (adjusted for the 3.5 to 1 reverse split) of the Company&#8217;s Series A Convertible Preferred Stock (the &#8220;Series A Preferred Stock&#8221;).&#160; <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The Series A Preferred Stock is convertible, only upon sale or merger of the Company, or the sale of or license of substantially all of the Company&#8217;s intellectual property, into shares of the Company&#8217;s common stock at the rate of 3.5 shares of common stock for each share of Series A Preferred Stock.</font>&#160;&#160;The Series A Preferred Stock has a preferred voting preference at the rate of nine votes per share. The Series A Preferred Stock do not contain any rights to dividends, have no liquidation preference, and are not to be amended without the Holder&#8217;s approval. The 2,000,000 shares were valued at the par value of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2,000</font>.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
the Company, at its sole option, shall have the right, but not the obligation, to repurchase the Debenture at any time prior to the Maturity Date (the Redemption). If the Company intends to repurchase the Debenture, and if the closing bid price of the Common Stock is greater than $5.25 on the Redemption Date, unless the Holder, on or prior to the Redemption Date, elects to receive the Redemption Payment, as that term is defined herein, the Company shall pay to the Holder: (i) 952,381 shares of Common Stock in consideration of the exchange of the principal amount of the Debenture; and (ii) any and all accrued coupon interest. If on or prior to the Redemption Date, the Holder elects to receive the Redemption Payment, or the closing bid price of the Common Stock is less than $5.25, the Company shall issue to the Holder: (i) the principal amount of the Debenture; (ii) any accrued coupon interest; (iii) additional interest of 7% per annum for the period from the date of issuance of the Debenture to the Redemption Date; and (iv) warrants to purchase 619,048 shares of Common Stock which shall expire in three years from the date of issuance at an exercise price of $6.05 per share of Common Stock (the Redemption Warrants, and collectively with (i) (iii), the Redemption Payment). The Company shall use its best efforts to register the shares underlying the Redemption Warrants under a shelf registration statement, provided same is available to the Company, in accordance with the provisions of the Securities Act.
us-gaap Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
charge its costs (direct and indirect) plus no more than 30% of direct costs
nnvc Lab Supplies And Chemicals Fees
LabSuppliesAndChemicalsFees
25000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2013Q3 nnvc Warrant Expiration Term
WarrantExpirationTerm
P5Y
CY2014Q1 nnvc Warrant Expiration Term
WarrantExpirationTerm
P5Y
CY2013Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.25
CY2014Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.05
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
424267 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5564152 USD
CY2016Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
5271087 USD
CY2015Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2016Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
650392 USD
CY2015Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
Colorado
us-gaap Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
Edot-com.com, Inc.
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0px 0in 0in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <i><u>Reclassification</u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-stretch: normal; font-size-adjust: none"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-stretch: normal; font-size-adjust: none"> Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results or operations.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
571433 shares
CY2016Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
3.50
CY2016Q1 nnvc Warrant Expiration Term
WarrantExpirationTerm
P3Y
CY2016Q1 nnvc Adjustments To Additional Paid In Capital Warrant Issued For Debenture Interest
AdjustmentsToAdditionalPaidInCapitalWarrantIssuedForDebentureInterest
56115 USD
CY2016Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
375000 USD
CY2015Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
500000 USD
nnvc Issuance Of Series C Debenture For Deposit Received
IssuanceOfSeriesCDebentureForDepositReceived
0 USD
nnvc Bifurccation Of Embedded Derivative
BifurccationOfEmbeddedDerivative
0 USD

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