10-Q Filing

Xenetic Biosciences, Inc. CIK: 1534525 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-15-003198`
Period End Date	20150630
Filing Date	20150819
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	xbio-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 60 Cash Flow Statement 60

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
Common stock, shares issued	`CommonStockSharesIssued`	149.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	149.99M	shares	Point-in-time
Cash	`Cash`	$4.84M	USD	Point-in-time
Cash	`Cash`	$2.51M	USD	Point-in-time
Cash	`Cash`	$301.48K	USD	Point-in-time
Cash	`Cash`	$7.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.30M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.30M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$115.78K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$1.72K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$88.24K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$129.14K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$498.34K	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`	$82.81K	USD	Point-in-time
Goodwill	`Goodwill`	$3.28M	USD	Point-in-time
Goodwill	`Goodwill`	$3.67M	USD	Point-in-time
Goodwill	`Goodwill`	$3.47M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.24M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$162.06K	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`	$13.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$852.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$862.11K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$454.99K	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`	$3.47M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.92M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$56.38K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$47.65K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.44M	USD	Point-in-time
Common stock, $0.01 par value; 215,456,000 shares authorized as of June 30, 2015 and December 31, 2014; 149,985,476 shares issued as of June 30, 2015 and December 31, 2014; 139,297,282 shares outstanding as of June 30, 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 June 30, 2015 and December 31, 2014; 149,985,476 shares issued as of June 30, 2015 and December 31, 2014; 139,297,282 shares outstanding as of June 30, 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`	$89.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-79.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.62M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$575.68K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$248.62K	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`	$10.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.27M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$555.74K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.60M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.59M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.03M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.74M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$803.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.00M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.60M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.33M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.36M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.64M	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	$-1.07M	USD	2 Qtrs
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	2 Qtrs
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-128.19K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$234.45K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-162.61K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-225.51K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.09K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$10.70K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$914.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$11.74K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.39K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.51K	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.37K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.49K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-226.94K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$233.98K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.22M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-118.98K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.82M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.56M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.76M	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.82M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.56M	USD	2 Qtrs
Other comprehensive income (loss) from foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-338.88K	USD	1 Quarter
Other comprehensive income (loss) from foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$397.76K	USD	1 Quarter
Other comprehensive income (loss) from foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$523.64K	USD	2 Qtrs
Other comprehensive income (loss) from foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-327.05K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.88M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.46M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.36M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-6.30M	USD	2 Qtrs
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
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`	$-0.01	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
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	139.30M	shares	2 Qtrs
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	134.09M	shares	2 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.82M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.56M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.74K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$38.83K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$89.97K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$237.20K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$43.33K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$432.25K	USD	2 Qtrs
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	$-1.07M	USD	2 Qtrs
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	2 Qtrs
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Fee paid on disposal of subsidiaries	`FeePaidOnDisposalOfSubsidiaries`	$-430.00K	USD	2 Qtrs
Fee paid on disposal of subsidiaries	`FeePaidOnDisposalOfSubsidiaries`	-	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-344.68K	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-145.66K	USD	2 Qtrs
Other non-cash transactions	`OtherNoncashIncome`	-	USD	2 Qtrs
Other non-cash transactions	`OtherNoncashIncome`	$129.33K	USD	2 Qtrs
Receivables, prepayments and other assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$287.61K	USD	2 Qtrs
Receivables, prepayments and other assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-148.58K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.48M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$686.60K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.23M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.34M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.66K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.58K	USD	2 Qtrs
Disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.25K	USD	2 Qtrs
Disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.49K	USD	2 Qtrs
Cash acquired from the acquisition	`CashAcquiredFromAcquisition`	$43.50K	USD	2 Qtrs
Cash acquired from the acquisition	`CashAcquiredFromAcquisition`	-	USD	2 Qtrs
Cash transferred in connection with Hive Out Agreement	`CashDivestedFromDeconsolidation`	$43.50K	USD	2 Qtrs
Cash transferred in connection with Hive Out Agreement	`CashDivestedFromDeconsolidation`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$4.58K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-34.10K	USD	2 Qtrs
Proceeds from issuance of promissory note	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of promissory note	`ProceedsFromNotesPayable`	$100.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$101.93K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$10.10M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$100.00K	USD	2 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-80.67K	USD	2 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$42.39K	USD	2 Qtrs
Net decrease in cash and cash equivalents, excluding restricted cash	`CashPeriodIncreaseDecrease`	$2.77M	USD	2 Qtrs
Net decrease in cash and cash equivalents, excluding restricted cash	`CashPeriodIncreaseDecrease`	$-2.21M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`Cash`	$4.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$2.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$301.48K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$7.61M	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`	$2.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$301.48K	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$7.61M	USD	Point-in-time
Equity consideration transferred in the acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	2 Qtrs
Equity consideration transferred in the acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$3.75M	USD	2 Qtrs
Repurchase and cancellation of common stock in disposal of subsidiaries	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	2 Qtrs
Repurchase and cancellation of common stock in disposal of subsidiaries	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.75M	USD	2 Qtrs

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