$VSTM
Verastem, Inc.

2012 Q2 Form 10-Q Financial Statement

#000104746912005921 Filed on May 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 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 $2.210M $2.130M $470.0K
YoY Change 190.79% 353.19%
% of Gross Profit
Research & Development $4.683M $4.803M $675.0K
YoY Change 171.32% 611.56%
% of Gross Profit
Depreciation & Amortization $40.00K $46.00K $0.00
YoY Change 300.0%
% of Gross Profit
Operating Expenses $6.896M $6.928M $1.146M
YoY Change 177.51% 504.54%
Operating Profit -$6.896M -$6.928M -$1.146M
YoY Change 177.51% 504.54%
Interest Expense $70.00K $60.00K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$6.830M -$6.870M -$1.150M
YoY Change 174.3% 497.39%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$6.825M -$6.871M -$1.146M
YoY Change 174.65% 499.56%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$343.9K -$339.6K -$56.85K
COMMON SHARES
Basic Shares Outstanding 21.06M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.70M $41.10M
YoY Change
Cash & Equivalents $15.75M $25.47M $2.717M
Short-Term Investments $22.90M $15.60M
Other Short-Term Assets $400.0K $400.0K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $39.20M $41.56M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $800.0K $793.0K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $65.60M $68.30M
YoY Change
Other Assets $100.0K $100.0K
YoY Change
Total Long-Term Assets $66.50M $69.15M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $39.20M $41.56M
Total Long-Term Assets $66.50M $69.15M
Total Assets $105.7M $110.7M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.500M $1.936M
YoY Change
Accrued Expenses $763.0K $1.001M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.200M $2.937M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $100.0K $100.0K
YoY Change
Total Long-Term Liabilities $100.0K $100.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.200M $2.937M
Total Long-Term Liabilities $100.0K $100.0K
Total Liabilities $3.300M $3.000M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$21.34M
YoY Change
Common Stock $2.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.4M $107.7M
YoY Change
Total Liabilities & Shareholders Equity $105.7M $110.7M
YoY Change

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income -$6.825M -$6.871M -$1.146M
YoY Change 174.65% 499.56%
Depreciation, Depletion And Amortization $40.00K $46.00K $0.00
YoY Change 300.0%
Cash From Operating Activities -$5.040M -$4.900M -$870.0K
YoY Change 3050.0% 463.22%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K $130.0K $0.00
YoY Change -89.74%
Acquisitions
YoY Change
Other Investing Activities -$4.630M -$48.06M $0.00
YoY Change 5044.44%
Cash From Investing Activities -$4.670M -$48.19M $0.00
YoY Change 893.62%
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 57.60M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -5.040M -4.900M -870.0K
Cash From Investing Activities -4.670M -48.19M 0.000
Cash From Financing Activities 0.000 57.60M 0.000
Net Change In Cash -9.710M 4.510M -870.0K
YoY Change -184.88% -618.39%
FREE CASH FLOW
Cash From Operating Activities -$5.040M -$4.900M -$870.0K
Capital Expenditures -$40.00K $130.0K $0.00
Free Cash Flow -$5.000M -$5.030M -$870.0K
YoY Change -2273.91% 478.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
360000 USD
CY2012Q1 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
431000 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-6.62
us-gaap Net Income Loss
NetIncomeLoss
-21338000.0 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-21410000 USD
us-gaap Operating Expenses
OperatingExpenses
21410000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6324000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15086000 USD
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.06
CY2012Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
110705000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-21338000 USD
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-45000 USD
CY2012Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
129056000 USD
CY2012Q1 us-gaap Common Stock Value
CommonStockValue
2000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
-1146000 USD
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1146000 USD
CY2011Q1 us-gaap Operating Expenses
OperatingExpenses
1146000 USD
CY2011Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
471000 USD
CY2011Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
675000 USD
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.47
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
46000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1529000 USD
CY2011Q1 us-gaap Share Based Compensation
ShareBasedCompensation
54000 USD
CY2011Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8000 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-337000 USD
CY2011Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
134000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-4895000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-867000 USD
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
130000 USD
CY2012Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
72758000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-48188000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
0 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
57599000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20954000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25470000 USD
CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2717000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-6871000.0 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-6928000.0 USD
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
6928000.0 USD
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2125000 USD
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4803000 USD
CY2011Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
74000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3146000 USD
CY2011Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
873000 USD
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2273000 USD
CY2011Q4 us-gaap Assets
Assets
59037000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
86000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1307000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
709000 USD
CY2011Q4 us-gaap Assets Current
AssetsCurrent
47941000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
130000 USD
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
26857000 USD
CY2012Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
66000 USD
CY2012Q1 us-gaap Liabilities Current
LiabilitiesCurrent
2937000 USD
CY2012Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1001000 USD
CY2012Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1936000 USD
CY2012Q1 us-gaap Assets
Assets
110705000 USD
CY2012Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
86000 USD
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
793000 USD
CY2012Q1 us-gaap Assets Current
AssetsCurrent
41557000 USD
CY2012Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
490000 USD
CY2012Q1 us-gaap Short Term Investments
ShortTermInvestments
15597000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
59037000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-14467000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2000 USD
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1702000 USD
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
1000 USD
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
Verastem, Inc.
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001526119
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
21059116 shares
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1

Files In Submission

Name View Source Status
0001047469-12-005921-index-headers.html Edgar Link pending
0001047469-12-005921-index.html Edgar Link pending
0001047469-12-005921.txt Edgar Link pending
0001047469-12-005921-xbrl.zip Edgar Link pending
a2209381z10-q.htm Edgar Link pending
a2209381zex-31_1.htm Edgar Link pending
a2209381zex-31_2.htm Edgar Link pending
a2209381zex-32_1.htm Edgar Link pending
a2209381zex-32_2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls 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
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vstm-20120331.xml Edgar Link completed
vstm-20120331.xsd Edgar Link pending
vstm-20120331_cal.xml Edgar Link unprocessable
vstm-20120331_def.xml Edgar Link unprocessable
vstm-20120331_lab.xml Edgar Link unprocessable
vstm-20120331_pre.xml Edgar Link unprocessable