10-Q Filing

CELCUITY INC. CIK: 1603454 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-028226`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	celc-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 20 Cash Flow Statement 40

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`ShortTermInvestments`	$20.43M	USD	Point-in-time
Investments	`ShortTermInvestments`	$21.56M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.00K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$27.73K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$27.73K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$209.71K	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$246.68K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.11M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.09M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.09M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.48M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.11M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$280.06K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$443.58K	USD	Point-in-time
Long term investments	`LongTermInvestments`	$7.21M	USD	Point-in-time
Long term investments	`LongTermInvestments`	$6.95M	USD	Point-in-time
Total Assets	`Assets`	$31.97M	USD	Point-in-time
Total Assets	`Assets`	$30.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.04K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.91K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$506.14K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$652.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$783.03K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$578.05K	USD	Point-in-time
Total Liabilities	`Liabilities`	$578.05K	USD	Point-in-time
Total Liabilities	`Liabilities`	$783.03K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 5,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 0 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 5,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 0 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value: 45,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 10,106,859 and 10,087,516 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$10.09K	USD	Point-in-time
Common stock, $0.001 par value: 45,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 10,106,859 and 10,087,516 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$10.11K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$29.94M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$31.39M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$30.73M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$31.97M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$908.77K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$530.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$85.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$993.91K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.08M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-993.91K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.08M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$108.36K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.56K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.97M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-987.35K	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-987.35K	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.44M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.10M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-987.35K	USD	1 Quarter
Depreciation	`Depreciation`	$19.73K	USD	1 Quarter
Depreciation	`Depreciation`	$39.74K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$336.48K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$96.27K	USD	1 Quarter
Non-cash interest income	`OtherNoncashIncome`	-	USD	1 Quarter
Non-cash interest income	`OtherNoncashIncome`	$23.91K	USD	1 Quarter
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$36.97K	USD	1 Quarter
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$58.13K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-97.11K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$146.85K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$21.32K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-947.14K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$735.00K	USD	1 Quarter
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	-	USD	1 Quarter
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$2.13M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$204.26K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.38K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.38K	USD	1 Quarter
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.20M	USD	1 Quarter
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	$183.76K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$183.76K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-957.52K	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-67.13K	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.69M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.62M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.95M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.91M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.69M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.62M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.95M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.91M	USD	Point-in-time

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