2019 Q1 Form 10-Q Financial Statement

#000156459019017162 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q1
Revenue $64.00K $60.00K $64.00K
YoY Change 0.0% 0.0% 0.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.241M $2.150M $1.971M
YoY Change 13.7% 17.49% -4.32%
% of Gross Profit
Research & Development $9.684M $6.700M $5.326M
YoY Change 81.83% 24.07% 32.49%
% of Gross Profit
Depreciation & Amortization $29.00K $30.00K $1.000K
YoY Change 2800.0% 0.0%
% of Gross Profit
Operating Expenses $11.93M $8.850M $7.297M
YoY Change 63.42% 22.41% 20.02%
Operating Profit -$11.86M -$7.233M
YoY Change 63.98% 20.23%
Interest Expense $367.0K $4.000M $379.0K
YoY Change -3.17% -1030.23% 9.86%
% of Operating Profit
Other Income/Expense, Net -$11.05M $4.300M $3.231M
YoY Change -441.91% -4400.0% 181.69%
Pretax Income -$22.91M -$4.790M -$4.000M
YoY Change 472.75% -36.89% -17.86%
Income Tax -$6.740M
% Of Pretax Income
Net Earnings -$22.91M $1.940M -$4.002M
YoY Change 472.41% -125.56% -17.81%
Net Earnings / Revenue -35793.75% 3233.33% -6253.13%
Basic Earnings Per Share -$0.12
Diluted Earnings Per Share -$4.647M $404.2K -$0.12
COMMON SHARES
Basic Shares Outstanding 50.15M 33.58M
Diluted Shares Outstanding 33.58M

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.10M $44.20M $63.70M
YoY Change -38.62% 0.68% 16.03%
Cash & Equivalents $13.28M $11.44M $27.55M
Short-Term Investments $26.10M $32.70M $36.50M
Other Short-Term Assets $55.00K $54.00K $92.00K
YoY Change -40.22% -40.66% -33.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $40.10M $51.46M $64.30M
YoY Change -37.64% 14.46% 15.67%
LONG-TERM ASSETS
Property, Plant & Equipment $3.800M $516.0K
YoY Change 12800.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.200M $812.0K $1.100M
YoY Change 9.09% 41.96% 50.68%
Total Long-Term Assets $4.967M $1.707M $1.188M
YoY Change 318.1% 91.8% 11.55%
TOTAL ASSETS
Total Short-Term Assets $40.10M $51.46M $64.30M
Total Long-Term Assets $4.967M $1.707M $1.188M
Total Assets $45.07M $53.17M $65.49M
YoY Change -31.18% 15.97% 15.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.346M $3.653M $3.331M
YoY Change -29.57% -4.7% 62.96%
Accrued Expenses $2.211M $2.103M $937.0K
YoY Change 135.97% 23.34% -11.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $3.599M
YoY Change -100.0%
Total Short-Term Liabilities $4.600M $5.877M $10.90M
YoY Change -57.8% -42.06% 224.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $15.08M $11.16M
YoY Change -100.0% 46.38% -22.21%
Other Long-Term Liabilities $10.80M $1.000M $6.600M
YoY Change 63.64% -75.0% 22.22%
Total Long-Term Liabilities $0.00 $15.08M $11.16M
YoY Change -100.0% 46.38% -22.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.600M $5.877M $10.90M
Total Long-Term Liabilities $0.00 $15.08M $11.16M
Total Liabilities $33.74M $21.95M $28.64M
YoY Change 17.78% -10.21% 23.88%
SHAREHOLDERS EQUITY
Retained Earnings -$240.6M -$217.7M -$209.3M
YoY Change 14.99% 6.07% 13.07%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.33M $31.23M $36.84M
YoY Change
Total Liabilities & Shareholders Equity $45.07M $53.17M $65.49M
YoY Change -31.18% 15.97% 15.59%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q1
OPERATING ACTIVITIES
Net Income -$22.91M $1.940M -$4.002M
YoY Change 472.41% -125.56% -17.81%
Depreciation, Depletion And Amortization $29.00K $30.00K $1.000K
YoY Change 2800.0% 0.0%
Cash From Operating Activities -$6.501M -$6.050M -$8.219M
YoY Change -20.9% 17.25% 21.37%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$90.00K $10.00K
YoY Change -100.0% 400.0%
Acquisitions
YoY Change
Other Investing Activities $6.600M $680.0K -$4.000M
YoY Change -265.0% -89.63% -67.11%
Cash From Investing Activities $6.597M $600.0K -$4.005M
YoY Change -264.72% -90.85% -67.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.588M $30.19M
YoY Change -91.43% 821.33%
Debt Paid & Issued, Net $15.97M $0.00
YoY Change
Cash From Financing Activities 1.415M 820.0K 28.31M
YoY Change -95.0% -37.88% 788.17%
NET CHANGE
Cash From Operating Activities -6.501M -6.050M -8.219M
Cash From Investing Activities 6.597M 600.0K -4.005M
Cash From Financing Activities 1.415M 820.0K 28.31M
Net Change In Cash 1.511M -4.630M 16.08M
YoY Change -90.6% -270.22% -202.12%
FREE CASH FLOW
Cash From Operating Activities -$6.501M -$6.050M -$8.219M
Capital Expenditures $0.00 -$90.00K $10.00K
Free Cash Flow -$6.501M -$5.960M -$8.229M
YoY Change -21.0% 15.5% 21.48%

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CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3486000
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3604000
CY2019Q1 scyx Number Of License Agreements
NumberOfLicenseAgreements
2
CY2019Q1 scyx Additional Milestone Payments Maximum
AdditionalMilestonePaymentsMaximum
2300000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
21410000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
425000
CY2018Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
20000
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18998000
CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-7000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
36844000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
492000
CY2019Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
20000
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2509000
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-8000
CY2019Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
32121323
CY2018Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
30404957
CY2019Q1 scyx Fair Value Of Liabilities
FairValueOfLiabilities
7500000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4052913
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1270500
CY2019Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
12915
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5310498
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2621464
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
333000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
13000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
333000
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2018Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
5310498
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.37
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.26
CY2019Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
9.35
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.62
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
5.43
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.62
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y2M23D
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y8M8D
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y3M14D
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y8M8D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0

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