10-Q Filing

CELCUITY INC. CIK: 1603454 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-059399`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	celc-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 48 Cash Flow Statement 62

Balance Sheet 63 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`	$32.30M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.81M	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
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`ShortTermInvestments`	$18.95M	USD	Point-in-time
Investments	`ShortTermInvestments`	$21.56M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	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
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$22.01K	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$27.73K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.09M	shares	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	$27.38K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.15M	shares	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.09M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$352.32K	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$209.71K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.15M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$814.05K	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`	$3.92M	USD	Point-in-time
Total Assets	`Assets`	$27.89M	USD	Point-in-time
Total Assets	`Assets`	$31.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$177.69K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.91K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$5.72K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$506.14K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$777.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$960.61K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$578.05K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$21.32K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$981.92K	USD	Point-in-time
Total Liabilities	`Liabilities`	$578.05K	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 September 30, 2018 and December 31, 2017, respectively; 0 shares issued and outstanding as of September 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 September 30, 2018 and December 31, 2017, respectively; 0 shares issued and outstanding as of September 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 September 30, 2018 and December 31, 2017, respectively; 10,151,334 and 10,087,516 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$10.15K	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 and 45,000,000 shares authorized as of September 30, 2018 and December 31, 2017, respectively; 10,151,334 and 10,087,516 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$10.09K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$26.91M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$31.39M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$31.97M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$27.89M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$4.69M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.58M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$376.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.29M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$164.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$551.55K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.98M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.53M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.98M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.13M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.98M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-4.13M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.98M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.53M	USD	1 Quarter
Interest expense	`InterestExpense`	$451.66K	USD	3 Qtrs
Interest expense	`InterestExpense`	$65.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$264.90K	USD	1 Quarter
Interest expense	`InterestExpense`	$65.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$53.03K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$104.80K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$30.32K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$325.88K	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$104.73K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$325.82K	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-234.58K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-398.63K	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.66M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.87M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.53M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.76M	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.53M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.69	USD	3 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.56	USD	3 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.58M	shares	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.13M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.11M	shares	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.85M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.53M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Depreciation	`Depreciation`	$152.51K	USD	3 Qtrs
Depreciation	`Depreciation`	$30.71K	USD	1 Quarter
Depreciation	`Depreciation`	$76.16K	USD	3 Qtrs
Depreciation	`Depreciation`	$62.81K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$913.04K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$138.28K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$300.28K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$561.10K	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$451.66K	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	-	USD	3 Qtrs
Non-cash interest income adjustment	`NonCashInterestIncomeAdjustment`	$-17.69K	USD	3 Qtrs
Non-cash interest income adjustment	`NonCashInterestIncomeAdjustment`	-	USD	3 Qtrs
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$136.90K	USD	3 Qtrs
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$269.44K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.56K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-300.79K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$170.83K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$196.06K	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.56M	USD	3 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.84M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$245.00K	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$3.23M	USD	3 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	-	USD	3 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$9.14M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$203.50K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$482.43K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	3 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-448.50K	USD	3 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.43M	USD	3 Qtrs
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	$183.76K	USD	3 Qtrs
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$79.80K	USD	3 Qtrs
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	3 Qtrs
Proceeds from sale of convertible promissory notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from sale of convertible promissory notes	`ProceedsFromConvertibleDebt`	$7.49M	USD	3 Qtrs
Proceeds from initial public offering of common stock	`ProceedsFromIssuanceInitialPublicOffering`	$24.11M	USD	3 Qtrs
Proceeds from initial public offering of common stock	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Payments for registration statement costs	`PaymentsForRegistrationStatementCosts`	-	USD	3 Qtrs
Payments for registration statement costs	`PaymentsForRegistrationStatementCosts`	$14.20K	USD	3 Qtrs
Payments for capital leases	`PaymentsForCapitalLeases`	$1.90K	USD	3 Qtrs
Payments for capital leases	`PaymentsForCapitalLeases`	-	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$40.96K	USD	3 Qtrs
Payments for initial public offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Payments for initial public offering costs	`PaymentsOfStockIssuanceCosts`	$827.71K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$247.46K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.73M	USD	3 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.12M	USD	3 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$26.45M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.35M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.81M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.69M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.91M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.35M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.81M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.69M	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.