2024 Q4 Form 10-Q Financial Statement

#000149315224045664 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $61.71K
YoY Change 279.97%
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $290.8K
YoY Change -30.3%
Operating Profit -$290.8K
YoY Change -30.3%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$63.52K
YoY Change -195.73%
Pretax Income -$354.3K
YoY Change 0.98%
Income Tax
% Of Pretax Income
Net Earnings -$354.3K
YoY Change 0.98%
Net Earnings / Revenue
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 789.9M shares 688.0M shares
Diluted Shares Outstanding 590.9M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $9.268K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $21.53K
YoY Change -85.23%
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 $42.11K
YoY Change 21.82%
TOTAL ASSETS
Total Short-Term Assets $21.53K
Total Long-Term Assets $42.11K
Total Assets $63.64K
YoY Change -64.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.239M
YoY Change 14.54%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.101M
YoY Change 30.9%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $70.49K
YoY Change 93.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.101M
Total Long-Term Liabilities $70.49K
Total Liabilities $4.172M
YoY Change 31.62%
SHAREHOLDERS EQUITY
Retained Earnings -$67.05M
YoY Change 2.88%
Common Stock $688.0K
YoY Change 4538.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $46.48K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity -$4.108M
YoY Change
Total Liabilities & Shareholders Equity $63.64K
YoY Change -64.71%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$354.3K
YoY Change 0.98%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities -$235.5K
YoY Change -29.37%
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 $215.7K
YoY Change -38.43%
NET CHANGE
Cash From Operating Activities -$235.5K
Cash From Investing Activities
Cash From Financing Activities $215.7K
Net Change In Cash -$11.82K
YoY Change 245.32%
FREE CASH FLOW
Cash From Operating Activities -$235.5K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2024Q3 us-gaap Net Income Loss
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CY2024Q3 us-gaap Net Income Loss
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-354310 usd
CY2024Q3 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Net Income Loss
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CY2024Q3 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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7500 usd
CY2024Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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8423 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-15948 usd
CY2023Q3 us-gaap Depreciation
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134 usd
CY2024Q3 us-gaap Amortization Of Debt Discount Premium
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56983 usd
CY2023Q3 us-gaap Amortization Of Debt Discount Premium
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CY2024Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
5534 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
5128 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
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52787 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
303929 usd
CY2024Q3 PPCB Derivative Expense
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27182 usd
CY2023Q3 PPCB Derivative Expense
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CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
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34310 usd
CY2024Q3 us-gaap Other Noncash Expense
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2548 usd
CY2023Q3 us-gaap Other Noncash Expense
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1437 usd
CY2023Q3 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2024Q3 us-gaap Increase Decrease In Receivables
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251 usd
CY2023Q3 us-gaap Increase Decrease In Receivables
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CY2023Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14468 usd
CY2023Q3 PPCB Increase Decrease In Refundable Advance Deposit
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116169 usd
CY2024Q3 us-gaap Increase Decrease In Accounts Payable
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-18797 usd
CY2023Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
148834 usd
CY2024Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
15317 usd
CY2023Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
12275 usd
CY2024Q3 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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54457 usd
CY2023Q3 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
55693 usd
CY2024Q3 us-gaap Increase Decrease In Interest Payable Net
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24093 usd
CY2023Q3 us-gaap Increase Decrease In Interest Payable Net
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15712 usd
CY2024Q3 us-gaap Increase Decrease In Operating Lease Liability
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60000 usd
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220000 usd
CY2023Q3 us-gaap Repayments Of Convertible Debt
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142909 usd
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120000 usd
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155699 usd
CY2023Q3 us-gaap Proceeds From Related Party Debt
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153256 usd
CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
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215699 usd
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7999 usd
CY2023Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11817 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
21085 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10047 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q3 us-gaap Interest Paid Net
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CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
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CY2024Q3 us-gaap Conversion Of Stock Amount Converted1
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9336 usd
CY2023Q3 us-gaap Conversion Of Stock Amount Converted1
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34838 usd
CY2024Q3 us-gaap Conversion Of Stock Amount Issued1
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51978 usd
CY2023Q3 us-gaap Conversion Of Stock Amount Issued1
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CY2024Q3 PPCB Debt Discounts Related To Derivative Liability
DebtDiscountsRelatedToDerivativeLiability
60000 usd
CY2023Q3 PPCB Debt Discounts Related To Derivative Liability
DebtDiscountsRelatedToDerivativeLiability
70000 usd
CY2023Q3 PPCB Relative Fair Value Of Warrant Granted In Connections With Loan Payable Related Party
RelativeFairValueOfWarrantGrantedInConnectionsWithLoanPayableRelatedParty
141084 usd
CY2023Q3 PPCB Deemed Dividend Upon Alternate Cashless Exercise Of Warrants1
DeemedDividendUponAlternateCashlessExerciseOfWarrants1
142575 usd
CY2024Q3 us-gaap Stock Issued1
StockIssued1
7500 usd
CY2023Q2 us-gaap Stockholders Equity Note Stock Split
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CY2024Q3 us-gaap Use Of Estimates
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<p id="xdx_84F_eus-gaap--UseOfEstimates_ziuYMQyjqlz6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86C_zeQzeTTpEPha">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates in the accompanying consolidated financial statements include the estimates of useful lives of long-lived assets, valuation of the collectability of a refundable advance deposit, present value of the operating lease liability and related right-of-use asset, valuation of derivatives, valuation of equity based instruments issued for other than cash, the valuation allowance on deferred tax assets and foreign currency translation due to certain average exchange rates applied in lieu of spot rates on transaction dates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PROPANC BIOPHARMA, INC. AND SUBSIDIARY</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>September 30, 2024</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(Unaudited)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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677000 usd
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CY2024Q3 us-gaap Foreign Currency Exchange Rate Translation1
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CY2024Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
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CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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CashEquivalentsAtCarryingValue
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CY2023Q3 PPCB Refundable Advance Deposit
RefundableAdvanceDeposit
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CY2024Q3 PPCB Allowance For Recoverability Of Refundable Advance Deposit
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CY2024Q2 PPCB Goods And Services Tax Receivable Current
GoodsAndServicesTaxReceivableCurrent
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CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q3 us-gaap Research And Development Expense
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DebtInstrumentConvertibleTermsOfConversionFeature
Each holder of the convertible notes has agreed to a 4.99% beneficial ownership conversion limitation (subject to certain noteholders’ ability to increase such limitation to 9.99% upon 60 days’ notice to the Company), and each note may not be converted during the first six-month period from the date of issuance.
CY2024Q3 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
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CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q2 us-gaap Property Plant And Equipment Gross
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CY2023Q3 us-gaap Depreciation
Depreciation
134 usd
CY2023Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
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CY2024Q3 us-gaap Debt Instrument Carrying Amount
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CY2024Q2 us-gaap Debt Instrument Carrying Amount
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CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
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CY2024Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
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CY2024Q3 us-gaap Long Term Debt
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CY2024Q3 PPCB Debt Instrument Debt Default Interest Rate
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CY2024Q3 PPCB Debt Instrument Debt Default Interest Rate
DebtInstrumentDebtDefaultInterestRate
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CY2024Q3 us-gaap Conversion Of Stock Amount Converted1
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9336 usd
CY2023Q3 us-gaap Conversion Of Stock Amount Converted1
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CY2022Q2 us-gaap Common Stock Shares Authorized
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CY2022Q3 us-gaap Common Stock Shares Authorized
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CY2022Q3 PPCB Number Of Preferred Stock Authorized Shares
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CY2024Q3 us-gaap Preferred Stock Shares Authorized
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CY2024Q3 us-gaap Debt Instrument Fee Amount
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CY2024Q3 us-gaap Convertible Debt Fair Value Disclosures
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CY2024Q3 PPCB Reclassified From Premium Liabilities To Additional Paid In Capital
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1.24
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CY2024Q3 PPCB Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Weighted Average Exercisable
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1.24
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4533000
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M13D
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0 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2024Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
reverse stock split of the Company’s issued and outstanding shares of common stock at a ratio of one post-split share per sixty thousand pre-split shares (1:60,000) (the “Reverse Stock Split”).
CY2024Q3 PPCB Penalty Amount
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30000 usd
CY2020Q4 PPCB Royalties Percentage
RoyaltiesPercentage
0.02 pure
CY2024Q3 PPCB Unreimbursed Lab Fees
UnreimbursedLabFees
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CY2024Q2 PPCB Unreimbursed Lab Fees
UnreimbursedLabFees
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CY2024 us-gaap Royalty Expense
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0 usd
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CY2022Q2 PPCB Incremental Borrowing Rate
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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14566 usd
CY2024Q3 us-gaap Receivable With Imputed Interest Net Amount
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
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P0Y6M3D
CY2024Q3 us-gaap Payments For Rent
PaymentsForRent
8317 usd
CY2023Q3 us-gaap Payments For Rent
PaymentsForRent
7149 usd
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
71629 usd
CY2024Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
71629 usd
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
85000 aud
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
57639 usd
CY2023 PPCB Bonus Payable
BonusPayable
73387 aud
CY2023 PPCB Bonus Payable
BonusPayable
48905 usd
CY2024 PPCB Bonus Payable
BonusPayable
25000 aud
CY2024 PPCB Bonus Payable
BonusPayable
16070 usd
CY2024Q1 PPCB Bonus Payable
BonusPayable
150000 aud
CY2024Q1 PPCB Bonus Payable
BonusPayable
102195 usd
CY2024Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
161500 aud
CY2024Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
112016 usd
CY2024Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
148000 aud
CY2024Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
97044 usd
CY2024Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
34500 usd
CY2024Q3 us-gaap Share Price
SharePrice
0.0003
CY2024Q3 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
134234 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
134234 usd
CY2024Q2 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
133886 usd
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
133886 usd

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0001493152-24-045664.txt Edgar Link pending
0001493152-24-045664-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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ppcb-20240930.xsd Edgar Link pending
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