2023 Q2 Form 10-Q Financial Statement

#000149315223019138 Filed on May 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $532.3K $534.0K $342.5K
YoY Change 97.31% 55.91% 389.26%
% of Gross Profit
Research & Development $933.4K $1.011M $295.9K
YoY Change 1012.88% 241.58% 169.02%
% of Gross Profit
Depreciation & Amortization $1.480K $1.488K $1.450K
YoY Change 2.07% 2.62% -114.5%
% of Gross Profit
Operating Expenses $1.466M $1.545M $638.4K
YoY Change 314.45% 141.98% 254.67%
Operating Profit -$1.466M -$1.545M -$638.4K
YoY Change 314.46% 141.98%
Interest Expense -$303.2K $692.2K -$116.5K
YoY Change 24.44% -694.4% -332.9%
% of Operating Profit
Other Income/Expense, Net -$718.7K $569.7K -$43.44K
YoY Change 194.99% -1411.33%
Pretax Income -$2.184M -$975.1K -$681.8K
YoY Change 265.72% 43.01% 424.49%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.184M -$975.1K -$681.8K
YoY Change 265.72% 43.01% 427.23%
Net Earnings / Revenue
Basic Earnings Per Share -$0.15 -$0.07 -$0.07
Diluted Earnings Per Share -$0.15 -$0.07 -$0.05
COMMON SHARES
Basic Shares Outstanding 13.80M shares 13.65M shares 9.312M shares
Diluted Shares Outstanding 14.26M shares 13.64M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.350M $10.16M $20.61K
YoY Change 16454.32% 49196.46%
Cash & Equivalents $5.447M $7.169M $405.9K
Short-Term Investments $2.900M $2.990M
Other Short-Term Assets $6.480K $200.0K $405.9K
YoY Change -52.07% -50.72%
Inventory
Prepaid Expenses $78.95K $203.8K
Receivables $10.00K $10.00K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.443M $10.37M $426.5K
YoY Change 13103.04% 2332.03%
LONG-TERM ASSETS
Property, Plant & Equipment $9.622K $11.10K $119.5K
YoY Change -90.66% -90.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $10.00K $6.480K
YoY Change -100.0% 54.32%
Total Long-Term Assets $393.8K $64.62K $126.0K
YoY Change 259.5% -48.71%
TOTAL ASSETS
Total Short-Term Assets $8.443M $10.37M $426.5K
Total Long-Term Assets $393.8K $64.62K $126.0K
Total Assets $8.837M $10.44M $552.5K
YoY Change 4994.02% 1789.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $90.00K $450.0K $691.2K
YoY Change -82.55% -34.9%
Accrued Expenses $140.0K $180.0K $143.2K
YoY Change -22.94% 25.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $140.0K $1.112M
YoY Change -100.0% -87.41%
Long-Term Debt Due $270.0K $620.0K $0.00
YoY Change
Total Short-Term Liabilities $493.7K $1.388M $2.358M
YoY Change -79.88% -41.12%
LONG-TERM LIABILITIES
Long-Term Debt $120.0K $750.0K $0.00
YoY Change
Other Long-Term Liabilities $1.290M $1.390M $44.25K
YoY Change 4939.06% 3041.24%
Total Long-Term Liabilities $1.410M $2.140M $44.25K
YoY Change 5407.81% 4736.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $493.7K $1.388M $2.358M
Total Long-Term Liabilities $1.410M $2.140M $44.25K
Total Liabilities $1.901M $3.530M $2.402M
YoY Change -23.31% 46.96%
SHAREHOLDERS EQUITY
Retained Earnings -$12.05M -$9.870M
YoY Change
Common Stock $155.00 $137.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.936M $6.906M -$1.850M
YoY Change
Total Liabilities & Shareholders Equity $8.837M $10.44M $552.5K
YoY Change 4994.02% 1789.13%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.184M -$975.1K -$681.8K
YoY Change 265.72% 43.01% 427.23%
Depreciation, Depletion And Amortization $1.480K $1.488K $1.450K
YoY Change 2.07% 2.62% -114.5%
Cash From Operating Activities -$1.646M -$1.338M -$624.6K
YoY Change 363.13% 114.21% 1149.22%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $62.80K -$2.954M
YoY Change
Cash From Investing Activities $62.80K -$2.954M $0.00
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 -139.2K $3.044M 525.7K
YoY Change 478.97% 1214.3%
NET CHANGE
Cash From Operating Activities -1.646M -$1.338M -624.6K
Cash From Investing Activities 62.80K -$2.954M 0.000
Cash From Financing Activities -139.2K $3.044M 525.7K
Net Change In Cash -1.722M -$1.248M -98.89K
YoY Change 384.64% 1161.94% 888.9%
FREE CASH FLOW
Cash From Operating Activities -$1.646M -$1.338M -$624.6K
Capital Expenditures $0.00
Free Cash Flow -$624.6K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001757499
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 us-gaap Notes Payable Current Related And Nonrelated Party Status Extensible Enumeration
NotesPayableCurrentRelatedAndNonrelatedPartyStatusExtensibleEnumeration
http://fasb.org/us-gaap/2023#RelatedPartyMember
CY2022Q4 us-gaap Notes Payable Current Related And Nonrelated Party Status Extensible Enumeration
NotesPayableCurrentRelatedAndNonrelatedPartyStatusExtensibleEnumeration
http://fasb.org/us-gaap/2023#RelatedPartyMember
CY2022Q4 SHPH Convertible Note Payable Current
ConvertibleNotePayableCurrent
usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
usd
CY2023Q1 us-gaap Revenues
Revenues
usd
CY2022Q1 us-gaap Revenues
Revenues
usd
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
usd
CY2022Q1 SHPH Finance Fee
FinanceFee
usd
CY2022Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
CY2022Q1 SHPH Loss On Settlement Of Convertible Debt
LossOnSettlementOfConvertibleDebt
usd
CY2023Q1 SHPH Gain On Forgiveness Of Note Payable
GainOnForgivenessOfNotePayable
usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2023Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
usd
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2022Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
CY2022Q1 SHPH Accrued Interest Settled With Common Stock
AccruedInterestSettledWithCommonStock
usd
CY2022Q1 SHPH Loss On Settlement Of Convertible Debt
LossOnSettlementOfConvertibleDebt
usd
CY2023Q1 SHPH Gain On Forgiveness Of Note Payable
GainOnForgivenessOfNotePayable
usd
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
usd
CY2022Q1 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
usd
CY2022Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2022Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2023Q1 SHPH Common Stock Issued For Conversion Of Accrued Interest
CommonStockIssuedForConversionOfAccruedInterest
usd
CY2022Q1 SHPH Common Stock Issued For Settlement Of Debt And Interest
CommonStockIssuedForSettlementOfDebtAndInterest
usd
CY2022Q1 SHPH Warrants Issued For Financing Fees
WarrantsIssuedForFinancingFees
usd
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
usd
CY2022Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
usd
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity File Number
EntityFileNumber
001-41488
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
SHUTTLE PHARMACEUTICALS HOLDINGS, INC.
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-5089826
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
One Research Court
CY2023Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 450
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Rockville
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
20850
CY2023Q1 dei City Area Code
CityAreaCode
(240)
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
403-4212
CY2023Q1 dei Security12b Title
Security12bTitle
Common Stock
CY2023Q1 dei Trading Symbol
TradingSymbol
SHPH
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13804787 shares
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7169268 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8417203 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
203836 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
161148 usd
CY2023Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
2991771 usd
CY2023Q1 us-gaap Interest Receivable Current
InterestReceivableCurrent
7023 usd
CY2023Q1 us-gaap Assets Current
AssetsCurrent
10371898 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
8578351 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11104 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12592 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
13686 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
6480 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
39826 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
56122 usd
CY2023Q1 us-gaap Assets
Assets
10436514 usd
CY2022Q4 us-gaap Assets
Assets
8653545 usd
CY2023Q1 us-gaap Notes Payable Current
NotesPayableCurrent
139229 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
685473 usd
CY2023Q1 SHPH Convertible Note Payable Current
ConvertibleNotePayableCurrent
617639 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
44633 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
62823 usd
CY2023Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1388354 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
975676 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
751692 usd
CY2023Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1390000 usd
CY2023Q1 us-gaap Liabilities
Liabilities
3530046 usd
CY2022Q4 us-gaap Liabilities
Liabilities
975676 usd
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q1 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
1000
CY2022Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
1000
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13654127 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13654127 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13603129 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13603129 shares
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
137 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
136 usd
CY2023Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
16776317 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
16572622 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-9869986 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8894889 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
6906468 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
7677869 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10436514 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8653545 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1010808 usd
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
295915 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
166348 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13769 usd
CY2023Q1 us-gaap Legal Fees
LegalFees
367624 usd
CY2022Q1 us-gaap Legal Fees
LegalFees
328712 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
1544780 usd
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
638396 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1544780 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-638396 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
16688 usd
CY2023Q1 SHPH Finance Fee
FinanceFee
104245 usd
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1241000 usd
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
39650 usd
CY2023Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
38062 usd
CY2023Q1 SHPH Loss On Settlement Of Convertible Debt
LossOnSettlementOfConvertibleDebt
18254 usd
CY2022Q1 SHPH Gain On Forgiveness Of Note Payable
GainOnForgivenessOfNotePayable
73007 usd
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
569683 usd
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-43443 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-975097 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-681839 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-975097 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-681839 usd
CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
25768 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-975097 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-707607 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13635994 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9312170 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
7677869 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
99543 usd
CY2023Q1 SHPH Financing Fees Allocated To Warrants
FinancingFeesAllocatedToWarrants
-8727 usd
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
104547 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8333 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-975097 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
6906468 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-1628132 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-1628132 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
319643 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
166533 usd
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
25768 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-681839 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-1849563 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-1849563 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-975097 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-681839 usd
CY2023Q1 us-gaap Depreciation
Depreciation
1488 usd
CY2022Q1 us-gaap Depreciation
Depreciation
1450 usd
CY2023Q1 SHPH Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
1241000 usd
CY2022Q1 SHPH Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
39652 usd
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
567297 usd
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
129568 usd
CY2023Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
38062 usd
CY2023Q1 SHPH Accrued Interest Settled With Common Stock
AccruedInterestSettledWithCommonStock
20142 usd
CY2023Q1 SHPH Loss On Settlement Of Convertible Debt
LossOnSettlementOfConvertibleDebt
18254 usd
CY2022Q1 SHPH Gain On Forgiveness Of Note Payable
GainOnForgivenessOfNotePayable
73007 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
8333 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
166533 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
7023 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
42687 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
15747 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
330729 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-137117 usd
CY2023Q1 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-12500 usd
CY2023Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
116051 usd
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
15986 usd
CY2023Q1 SHPH Increase Decrease In Accrued Interest Payable Related Parties
IncreaseDecreaseInAccruedInterestPayableRelatedParties
-74807 usd
CY2022Q1 SHPH Increase Decrease In Accrued Interest Payable Related Parties
IncreaseDecreaseInAccruedInterestPayableRelatedParties
10547 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7206 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1894 usd
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1329 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1337982 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-624607 usd
CY2023Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
2953709 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2953709 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-546244 usd
CY2023Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
3935000 usd
CY2022Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
525715 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
345000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3043756 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
525715 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1247935 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-98892 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8417203 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
504749 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7169268 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
405857 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
79044 usd
CY2022Q1 SHPH Common Stock Issued For Conversion Of Accrued Interest
CommonStockIssuedForConversionOfAccruedInterest
16340 usd
CY2023Q1 SHPH Common Stock Issued For Settlement Of Debt And Interest
CommonStockIssuedForSettlementOfDebtAndInterest
104547 usd
CY2023Q1 SHPH Warrants Issued For Financing Fees
WarrantsIssuedForFinancingFees
99543 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-975097 usd
CY2022Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
10022193 usd
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_843_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z0opsLs8wIn9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_861_zH1sE9k2Xix1" style="font-family: Times New Roman, Times, Serif"><i>Reclassifications</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_zp4TulqPKRUl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span id="xdx_86B_zyyNZ2nhrj12" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of condensed consolidated financial statements in conformity with 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates in the accompanying financial statements valuation of derivatives, and the valuation allowance on deferred tax assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Cash
Cash
6107873 usd
CY2022Q4 us-gaap Cash
Cash
5411378 usd
CY2023Q1 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1061395 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
3005825 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7169268 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8417203 usd
CY2023Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
6667000 usd
CY2023Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
2991771 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
12889 usd
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
0 usd
CY2023Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
38062 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1390000 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3363007 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
145594 shares
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
162557 usd
CY2023Q1 us-gaap Notes Payable
NotesPayable
139229 usd
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
23328 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
463052 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
127466 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
127466 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
116362 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
114874 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11104 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12592 usd
CY2023Q1 us-gaap Depreciation
Depreciation
1488 usd
CY2022Q1 us-gaap Depreciation
Depreciation
1450 usd
CY2023Q1 us-gaap Lessee Operating Lease Assumptions And Judgments Discount Rate Description
LesseeOperatingLeaseAssumptionsAndJudgmentsDiscountRateDescription
The interest rate used to determine the present value is our incremental borrowing rate, estimated to be 10%, as the interest rate implicit in most of our leases is not readily determinable.
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
6480 usd
CY2023Q1 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The laboratory lease commenced on October 1, 2018, with the first payment due January 1, 2019
CY2023Q1 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2023-10-31
CY2023Q1 us-gaap Security Deposit
SecurityDeposit
6480 usd
CY2023Q1 SHPH Accrued Interest Settled With Common Stock
AccruedInterestSettledWithCommonStock
20142 usd
CY2023Q1 SHPH Loss On Settlement Of Convertible Debt
LossOnSettlementOfConvertibleDebt
18254 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
17544 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
17544 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
19440 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
18873 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M21D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M21D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
45360 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
45360 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
727 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
44633 usd
CY2021Q4 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
In December of 2021 the maturity dates of these loans were further extended to June 30, 2022. In July of 2022, the notes were extended to June 30, 2023.
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
426243 usd
CY2023Q1 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
64917 usd
CY2023Q1 SHPH Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingIntrinsicValue
0 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1018079 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.35
CY2023Q1 SHPH Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Value
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsValue
1189000 usd
CY2023Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
2631000 usd
CY2023Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1390000 usd
CY2023Q1 SHPH Derivative Liability Recognized As Debt Discounts For Warrants
DerivativeLiabilityRecognizedAsDebtDiscountsForWarrants
1189000 usd
CY2023Q1 SHPH Derivative Liability Recognized As Debt Discounts For Acceleration Option
DerivativeLiabilityRecognizedAsDebtDiscountsForAccelerationOption
1442000 usd
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1241000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1390000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
94025 usd
CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
39650 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
54375 usd

Files In Submission

Name View Source Status
0001493152-23-019138-index-headers.html Edgar Link pending
0001493152-23-019138-index.html Edgar Link pending
0001493152-23-019138.txt Edgar Link pending
0001493152-23-019138-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
shph-20230331.xsd Edgar Link pending
shph-20230331_cal.xml Edgar Link unprocessable
shph-20230331_def.xml Edgar Link unprocessable
shph-20230331_lab.xml Edgar Link unprocessable
shph-20230331_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed