2021 Q1 Form 10-Q Financial Statement

#000156459021028188 Filed on May 17, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $12.05M $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.696M $2.613M
YoY Change 156.26% 16.6%
% of Gross Profit
Research & Development $6.948M $9.866M
YoY Change -29.58% 1.88%
% of Gross Profit
Depreciation & Amortization $27.00K $28.00K
YoY Change -3.57% -3.45%
% of Gross Profit
Operating Expenses $13.64M $12.48M
YoY Change 9.34% 4.65%
Operating Profit -$1.594M -$12.48M
YoY Change -87.23% 5.21%
Interest Expense $214.0K $210.0K
YoY Change 1.9% -42.78%
% of Operating Profit
Other Income/Expense, Net -$1.982M $5.477M
YoY Change -136.19% -149.58%
Pretax Income -$3.576M -$7.000M
YoY Change -48.91% -69.45%
Income Tax $1.100M
% Of Pretax Income
Net Earnings -$4.676M -$7.002M
YoY Change -33.22% -69.43%
Net Earnings / Revenue -38.8%
Basic Earnings Per Share -$0.18 -$0.72
Diluted Earnings Per Share -$0.23 -$0.72
COMMON SHARES
Basic Shares Outstanding 25.80M 9.745M
Diluted Shares Outstanding 26.52M 9.745M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.00M $34.50M
YoY Change 166.67% -11.76%
Cash & Equivalents $92.00M $20.53M
Short-Term Investments $14.30M
Other Short-Term Assets $370.0K $914.0K
YoY Change -59.52% 1561.82%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $95.40M $36.80M
YoY Change 159.24% -8.23%
LONG-TERM ASSETS
Property, Plant & Equipment $3.200M $3.500M
YoY Change -8.57% -7.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.100M $1.200M
YoY Change -8.33% 0.0%
Total Long-Term Assets $4.700M $4.700M
YoY Change 0.0% -5.38%
TOTAL ASSETS
Total Short-Term Assets $95.40M $36.80M
Total Long-Term Assets $4.700M $4.700M
Total Assets $100.1M $41.50M
YoY Change 141.2% -7.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.500M $5.200M
YoY Change 25.0% 121.65%
Accrued Expenses $2.134M $1.800M
YoY Change 18.56% -18.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.90M $7.100M
YoY Change 250.7% 54.35%
LONG-TERM LIABILITIES
Long-Term Debt $12.20M $11.10M
YoY Change 9.91%
Other Long-Term Liabilities $37.00M $16.90M
YoY Change 118.93% 56.48%
Total Long-Term Liabilities $49.20M $28.00M
YoY Change 75.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.90M $7.100M
Total Long-Term Liabilities $49.20M $28.00M
Total Liabilities $74.15M $35.05M
YoY Change 111.53% 3.9%
SHAREHOLDERS EQUITY
Retained Earnings -$331.3M -$278.4M
YoY Change 18.99% 15.71%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.92M $6.455M
YoY Change
Total Liabilities & Shareholders Equity $100.1M $41.51M
YoY Change 141.09% -7.89%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$4.676M -$7.002M
YoY Change -33.22% -69.43%
Depreciation, Depletion And Amortization $27.00K $28.00K
YoY Change -3.57% -3.45%
Cash From Operating Activities -$760.0K -$14.06M
YoY Change -94.59% 116.23%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K $4.000K
YoY Change -5100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$7.760M
YoY Change -100.0% -217.58%
Cash From Investing Activities -$200.0K -$7.762M
YoY Change -97.42% -217.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $214.0K
YoY Change -100.0% -91.73%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -71.00K 152.0K
YoY Change -146.71% -89.26%
NET CHANGE
Cash From Operating Activities -760.0K -14.06M
Cash From Investing Activities -200.0K -7.762M
Cash From Financing Activities -71.00K 152.0K
Net Change In Cash -271.0K -21.67M
YoY Change -98.75% -1533.95%
FREE CASH FLOW
Cash From Operating Activities -$760.0K -$14.06M
Capital Expenditures -$200.0K $4.000K
Free Cash Flow -$560.0K -$14.06M
YoY Change -96.02% 116.29%

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CommonStockSharesAuthorized
250000000
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
22758000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-4676000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
398000
CY2021Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
6000
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-15000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
25924000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
12895000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-7002000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
410000
CY2020Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
18000
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
207000
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
28028978
CY2021Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1300000
CY2020Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4800000
CY2021Q1 scyx Fair Value Of Liabilities
FairValueOfLiabilities
49900000
CY2020Q1 scyx Fair Value Of Liabilities
FairValueOfLiabilities
51200000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
830343
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.52
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
96000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
545450
CY2021Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.57
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
4187
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
8.48
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1371606
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.01
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
355000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
500625
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
29.27
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
37000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1371606
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
16.01
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
355000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
398000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
410000

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