10-Q Filing

ROCK CREEK PHARMACEUTICALS, INC. CIK: 776008 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-102745`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	rcpi-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 28 Cash Flow Statement 62 Stockholders Equity 10

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$395.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$493.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$552.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	314.80M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$485.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	314.80M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$549.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.57M	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.00K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.02M	shares	Point-in-time
Insurance proceeds receivable	`InsuranceProceedsReceivableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.02M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.57M	shares	Point-in-time
Insurance proceeds receivable	`InsuranceProceedsReceivableCurrent`	$62.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$159.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$170.00K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$52.00K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$55.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$482.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$482.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$12.16M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$17.30M	USD	Point-in-time
Discontinued operations assets	`DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets`	$24.00K	USD	Point-in-time
Discontinued operations assets	`DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets`	$24.00K	USD	Point-in-time
Total assets	`Assets`	$13.98M	USD	Point-in-time
Total assets	`Assets`	$19.07M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$5.47M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$5.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.38M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.88M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$12.35M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$12.35M	USD	Point-in-time
Due to stockholders	`DueToOfficersOrStockholdersCurrent`	$50.00K	USD	Point-in-time
Due to stockholders	`DueToOfficersOrStockholdersCurrent`	$50.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$433.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$433.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.83M	USD	Point-in-time
Long-term debt, net of debt issuance costs	`LongTermDebtNoncurrent`	$4.17M	USD	Point-in-time
Long-term debt, net of debt issuance costs	`LongTermDebtNoncurrent`	$7.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$26.00M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock (A)	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock (A)	`CommonStockValue`	$2.00K	USD	Point-in-time
Preferred stock (B)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock (B)	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$299.29M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$300.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-312.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-309.94M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-10.65M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-12.03M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$19.07M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$13.98M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$1.23M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$133.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$473.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.36M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.82M	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-3.82M	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-1.36M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	-	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$1.34M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$3.52M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$11.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$3.52M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-1.33M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-297.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-2.69M	USD	1 Quarter
(Loss) gain on disposal	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-41.00K	USD	1 Quarter
(Loss) gain on disposal	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.69M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-338.00K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.22	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.99M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.93M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.69M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-338.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$142.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$33.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$659.00K	USD	1 Quarter
Stock issued for interest	`PaidInKindInterest`	-	USD	1 Quarter
Stock issued for interest	`PaidInKindInterest`	$364.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.15M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.00K	USD	1 Quarter
Accounts payable and current liabilities	`IncreaseDecreaseInAccountsPayableTrade`	$-5.18M	USD	1 Quarter
Accounts payable and current liabilities	`IncreaseDecreaseInAccountsPayableTrade`	$-359.00K	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.50M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.68M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.14M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$3.00M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$90.00K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromStockOptionsExercised`	$11.00K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromStockOptionsExercised`	$503.00K	USD	1 Quarter
Proceeds from sale of stock	`ProceedsFromStockAndWarrantExercise`	$879.00K	USD	1 Quarter
Proceeds from sale of stock	`ProceedsFromStockAndWarrantExercise`	$500.00K	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.38M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.56M	USD	1 Quarter
Cash increase (decrease) from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-308.00K	USD	1 Quarter
Cash increase (decrease) from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$59.00K	USD	1 Quarter
Net cash flows from operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$4.00K	USD	1 Quarter
Net cash flows from investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$4.00K	USD	1 Quarter
Net cash flows from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$59.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-304.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$395.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$493.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$552.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$395.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$493.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$552.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$11.00K	USD	1 Quarter
Cash paid for Interest	`InterestPaid`	$1.14M	USD	1 Quarter
During the three months ended March 31, 2016, certain principal amounts were settled in stock	`PrincipalAmountsSettledInStock`	-	USD	1 Quarter
During the three months ended March 31, 2016, certain principal amounts were settled in stock	`PrincipalAmountsSettledInStock`	$403.00K	USD	1 Quarter
During the three months ended March 31, 2015, certain warrants were repriced in a private placement transaction, resulting in a deemed dividend	`WarrantsRepricedPrivatePlacement`	$106.00K	USD	1 Quarter
During the three months ended March 31, 2015, certain warrants were repriced in a private placement transaction, resulting in a deemed dividend	`WarrantsRepricedPrivatePlacement`	-	USD	1 Quarter
During the three months ended March 31, 2015, the agreed upon settlement for the Securities Class Action lawsuits were funded directly to an escrow account by insurers	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	-	USD	1 Quarter
During the three months ended March 31, 2015, the agreed upon settlement for the Securities Class Action lawsuits were funded directly to an escrow account by insurers	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$5.90M	USD	1 Quarter
During the three months ended March 31, 2015, the obligation for the Securities Class Action lawsuits was funded directly to an escrow account by insurers	`EscrowDepositsRelatedToPropertySales`	-	USD	1 Quarter
During the three months ended March 31, 2015, the obligation for the Securities Class Action lawsuits was funded directly to an escrow account by insurers	`EscrowDepositsRelatedToPropertySales`	$-5.90M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$-10.65M	USD	Point-in-time
Balances	`StockholdersEquity`	$-12.03M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$33.00K	USD	1 Quarter
Stock options and warrant exercise	`WarrantAndOptionExercise`	$11.00K	USD	1 Quarter
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	1 Quarter
Conversion of principal and interest of long term debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$768.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.69M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-338.00K	USD	1 Quarter
Balances	`StockholdersEquity`	$-10.65M	USD	Point-in-time
Balances	`StockholdersEquity`	$-12.03M	USD	Point-in-time

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