10-Q Filing

CELCUITY INC. CIK: 1603454 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-043344`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	celc-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 48 Cash Flow Statement 56

Balance Sheet 61 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`	2.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.91M	USD	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`	$3.17M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments	`ShortTermInvestments`	$21.56M	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`	$18.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$50.00K	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
Deposits	`DepositsAssetsCurrent`	$27.73K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$27.73K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.12M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.09M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$154.00K	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$209.71K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$24.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.79M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.09M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$730.45K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$280.06K	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`	$29.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.91K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$149.40K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$5.71K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$807.78K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$506.14K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$962.89K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$578.05K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$23.23K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$578.05K	USD	Point-in-time
Total Liabilities	`Liabilities`	$986.12K	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: 2,500,000 and 5,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 0 shares issued and outstanding as of June 30, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 2,500,000 and 5,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 0 shares issued and outstanding as of June 30, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 and 45,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 10,119,312 and 10,087,516 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$10.12K	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 and 45,000,000 shares authorized as of June 30, 2018 and December 31, 2017, respectively; 10,119,312 and 10,087,516 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$10.09K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$28.48M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$31.39M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$29.47M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$31.97M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$3.09M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.55M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.21M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$913.29K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$301.82K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$386.96K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$382.65K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.60M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.61M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.01M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.60M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-4.01M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.61M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.93M	USD	1 Quarter
Interest expense	`InterestExpense`	$186.69K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$186.66K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$22.71K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$112.72K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.15K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$221.08K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-163.97K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$221.08K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$112.72K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-170.51K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.78M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.76M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.82M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.78M	USD	2 Qtrs
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.78M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.76M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.82M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.43	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.28	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`	10.11M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.10M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.44M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.78M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.76M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.82M	USD	1 Quarter
Depreciation	`Depreciation`	$49.97K	USD	1 Quarter
Depreciation	`Depreciation`	$45.45K	USD	2 Qtrs
Depreciation	`Depreciation`	$25.72K	USD	1 Quarter
Depreciation	`Depreciation`	$89.70K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$612.76K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$326.55K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$422.82K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$276.28K	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	-	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$186.76K	USD	2 Qtrs
Non-cash interest income adjustment	`NonCashInterestIncomeAdjustment`	-	USD	2 Qtrs
Non-cash interest income adjustment	`NonCashInterestIncomeAdjustment`	$2.71K	USD	2 Qtrs
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-55.71K	USD	2 Qtrs
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$156.12K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.60K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-34.77K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$226.64K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$89.70K	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.78M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.21M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$3.23M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$6.66M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$165.85K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$372.28K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-165.85K	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.05M	USD	2 Qtrs
Proceeds from sale of convertible promissory notes	`ProceedsFromConvertibleDebt`	$7.49M	USD	2 Qtrs
Proceeds from sale of convertible promissory notes	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$40.96K	USD	2 Qtrs
Deferred transaction costs	`PaymentsForDeferredTrasactionCosts`	-	USD	2 Qtrs
Deferred transaction costs	`PaymentsForDeferredTrasactionCosts`	$25.07K	USD	2 Qtrs
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	$183.76K	USD	2 Qtrs
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	2 Qtrs
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$79.80K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$263.56K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.43M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.05M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$532.99K	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.96M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.69M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.22M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.91M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.96M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.69M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.22M	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.