10-Q Filing

Xenetic Biosciences, Inc. CIK: 1534525 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001019687-16-006322`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	xbio-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 24 Cash Flow Statement 54

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash	`Cash`	$132.23K	USD	Point-in-time
Cash	`Cash`	$2.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	162.01M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	162.68M	shares	Point-in-time
Cash	`Cash`	$1.61M	USD	Point-in-time
Cash	`Cash`	$936.59K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$66.51K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$66.51K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	151.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	151.99M	shares	Point-in-time
Prepayment on acquisition	`PrepaymentOnAcquisition`	$3.74M	USD	Point-in-time
Prepayment on acquisition	`PrepaymentOnAcquisition`	$3.74M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$236.04K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$247.30K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.65M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$62.02K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$67.55K	USD	Point-in-time
Goodwill	`Goodwill`	$3.28M	USD	Point-in-time
Goodwill	`Goodwill`	$3.28M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.24M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$129.31K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$113.32K	USD	Point-in-time
Total assets	`Assets`	$16.91M	USD	Point-in-time
Total assets	`Assets`	$18.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.79M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.54M	USD	Point-in-time
Hybrid debt instrument, net	`HybridDebtInstrument`	$7.00M	USD	Point-in-time
Hybrid debt instrument, net	`HybridDebtInstrument`	$3.65M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.10K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.37K	USD	Point-in-time
Loans due to related parties	`DueToRelatedPartiesCurrent`	$395.00K	USD	Point-in-time
Loans due to related parties	`DueToRelatedPartiesCurrent`	$157.95K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.35M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.92M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.92M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$34.13K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$38.79K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.30M	USD	Point-in-time
Common stock, $0.001 par value; 1,500,000,000 shares authorized as of March 31, 2016 and December 31, 2015; 162,682,334 and 162,013,011 shares issued as of March 31, 2016 and December 31, 2015, respectively; 151,994,140 and 151,324,817 shares outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$162.68K	USD	Point-in-time
Common stock, $0.001 par value; 1,500,000,000 shares authorized as of March 31, 2016 and December 31, 2015; 162,682,334 and 162,013,011 shares issued as of March 31, 2016 and December 31, 2015, respectively; 151,994,140 and 151,324,817 shares outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$162.01K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$99.61M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$101.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-88.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-91.70M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$253.73K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$253.73K	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`	$6.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.91M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.36M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$429.28K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$935.23K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.85M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.97M	USD	1 Quarter
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	$136.01K	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`LossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`LossOnIssuanceOfHybridDebtInstrument`	$-1.58M	USD	1 Quarter
Other expense	`OtherExpenses`	$26.41K	USD	1 Quarter
Other expense	`OtherExpenses`	$459.97K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$174.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$14.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$245.38K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.72M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-460.92K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.57M	USD	1 Quarter
Other comprehensive loss from foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.82K	USD	1 Quarter
Other comprehensive loss from foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.42M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.57M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$163.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.08K	USD	1 Quarter
Amortization of hybrid debt instrument discount	`AmortizationOfDebtDiscountPremium`	$139.85K	USD	1 Quarter
Amortization of hybrid debt instrument discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	-	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	$104.76K	USD	1 Quarter
Share-based payments	`ShareBasedCompensation`	$147.23K	USD	1 Quarter
Share-based payments	`ShareBasedCompensation`	$535.68K	USD	1 Quarter
Warrant expense for services	`FairValueAdjustmentOfWarrants`	$-249.22K	USD	1 Quarter
Warrant expense for services	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$136.01K	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`LossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`LossOnIssuanceOfHybridDebtInstrument`	$-1.58M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$43.93K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$97.35K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-147.72K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$181.78K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.04M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.77M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.61K	USD	1 Quarter
Disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.25K	USD	1 Quarter
Disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.61K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$6.25K	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$3.50M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	$237.05K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Effect of exchange rate change on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$459.22K	USD	1 Quarter
Effect of exchange rate change on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Net change in cash, excluding restricted cash	`CashPeriodIncreaseDecrease`	$-1.57M	USD	1 Quarter
Net change in cash, excluding restricted cash	`CashPeriodIncreaseDecrease`	$1.47M	USD	1 Quarter
Cash at beginning of period	`Cash`	$132.23K	USD	Point-in-time
Cash at beginning of period	`Cash`	$2.51M	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.61M	USD	Point-in-time
Cash at beginning of period	`Cash`	$936.59K	USD	Point-in-time
Cash at end of period	`Cash`	$132.23K	USD	Point-in-time
Cash at end of period	`Cash`	$2.51M	USD	Point-in-time
Cash at end of period	`Cash`	$1.61M	USD	Point-in-time
Cash at end of period	`Cash`	$936.59K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.13K	USD	1 Quarter
Interest paid in common stock	`SettlementOfAccruedInterestInCommonStock`	-	USD	1 Quarter
Interest paid in common stock	`SettlementOfAccruedInterestInCommonStock`	$70.81K	USD	1 Quarter
Non-cash issuance of warrants in connection with debt	`NoncashIssuanceOfWarrantsInConnectionWithDebt`	-	USD	1 Quarter
Non-cash issuance of warrants in connection with debt	`NoncashIssuanceOfWarrantsInConnectionWithDebt`	$1.70M	USD	1 Quarter
Non-cash recording of derivative liability in connection with debt	`NoncashRecordingOfDerivativeLiabilityInConnectionWithDebt`	$3.35M	USD	1 Quarter
Non-cash recording of derivative liability in connection with debt	`NoncashRecordingOfDerivativeLiabilityInConnectionWithDebt`	-	USD	1 Quarter

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