10-Q Filing

Xenetic Biosciences, Inc. CIK: 1534525 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-15-002064`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	xbio-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 38 Cash Flow Statement 56

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	215.46M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	215.46M	shares	Point-in-time
Cash	`Cash`	$4.84M	USD	Point-in-time
Cash	`Cash`	$936.59K	USD	Point-in-time
Cash	`Cash`	$10.86M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	149.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	149.99M	shares	Point-in-time
Cash	`Cash`	$2.51M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.30M	shares	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$115.78K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$81.09K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$87.70K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$88.24K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$119.45K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$89.70K	USD	Point-in-time
Goodwill	`Goodwill`	$3.47M	USD	Point-in-time
Goodwill	`Goodwill`	$3.30M	USD	Point-in-time
Goodwill	`Goodwill`	$3.67M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.75M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$178.14K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$199.27K	USD	Point-in-time
Total assets	`Assets`	$16.32M	USD	Point-in-time
Total assets	`Assets`	$14.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$852.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.36M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$935.03K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$154.43K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$41.47K	USD	Point-in-time
Loans due to related parties	`DueToRelatedPartiesCurrent`	$395.00K	USD	Point-in-time
Loans due to related parties	`DueToRelatedPartiesCurrent`	$395.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.84M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.94M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$52.15K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$56.38K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.83M	USD	Point-in-time
Common stock, $0.01 par value; 215,456,000 shares authorized as of March 31, 2015 and December 31, 2014; 149,985,476 shares issued as of March 31, 2015 and December 31, 2014; 139,297,282 shares outstanding as of March 31, 2015 and December 31, 2014	`CommonStockValue`	$1.50M	USD	Point-in-time
Common stock, $0.01 par value; 215,456,000 shares authorized as of March 31, 2015 and December 31, 2014; 149,985,476 shares issued as of March 31, 2015 and December 31, 2014; 139,297,282 shares outstanding as of March 31, 2015 and December 31, 2014	`CommonStockValue`	$1.50M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$89.31M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$89.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-78.06M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$575.68K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$587.50K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$5.28M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$5.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.04M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$564.89K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$935.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.39M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$2.96M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.96M	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	$-1.07M	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-34.42K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-459.97K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$174.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.04K	USD	1 Quarter
Interest expense	`InterestExpense`	$884.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.13K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-460.92K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.06M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.43M	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.82K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$125.88K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.94M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.42M	USD	1 Quarter
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	139.30M	shares	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	136.05M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$163.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.99K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$147.23K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$388.93K	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	$-1.07M	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Fee paid on disposal of subsidiaries	`FeePaidOnDisposalOfSubsidiaries`	-	USD	1 Quarter
Fee paid on disposal of subsidiaries	`FeePaidOnDisposalOfSubsidiaries`	$-430.00K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$6.11K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Accounts receivable, prepayments and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$97.35K	USD	1 Quarter
Accounts receivable, prepayments and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$258.58K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$181.78K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-840.83K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.12M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.04M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.99K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.50K	USD	1 Quarter
Disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.25K	USD	1 Quarter
Cash acquired from Acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired from Acquisition	`CashAcquiredFromAcquisition`	$43.50K	USD	1 Quarter
Cash transferred in connection with Hive Out Agreement	`CashDivestedFromDeconsolidation`	$43.50K	USD	1 Quarter
Cash transferred in connection with Hive Out Agreement	`CashDivestedFromDeconsolidation`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.49K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$6.25K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$101.93K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.10M	USD	1 Quarter
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$459.22K	USD	1 Quarter
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$51.85K	USD	1 Quarter
Net decrease in cash and cash equivalents, excluding restricted cash	`CashPeriodIncreaseDecrease`	$6.02M	USD	1 Quarter
Net decrease in cash and cash equivalents, excluding restricted cash	`CashPeriodIncreaseDecrease`	$-1.57M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`Cash`	$4.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$936.59K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$10.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$2.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$4.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$936.59K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$10.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$2.51M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.13K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Equity consideration transferred in the Acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$3.75M	USD	1 Quarter
Equity consideration transferred in the Acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	1 Quarter
Repurchase and cancellation of common stock in disposal of subsidiaries	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Repurchase and cancellation of common stock in disposal of subsidiaries	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.75M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.