10-Q Filing

CELCUITY INC. CIK: 1603454 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-024283`
Period End Date	20190331
Filing Date	20190507
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	celc-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 24 Cash Flow Statement 48 Stockholders Equity 16

Balance Sheet 65 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`	2.50M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.94M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`ShortTermInvestments`	$8.70M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`ShortTermInvestments`	$8.95M	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$22.01K	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`	$22.01K	USD	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	$28.74K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	$28.74K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.19M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$287.76K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.21M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$269.94K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.21M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.76M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	10.19M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$25.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$813.61K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$862.18K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$315.69K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Total Assets	`Assets`	$24.94M	USD	Point-in-time
Total Assets	`Assets`	$26.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$119.81K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$208.92K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$5.74K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$5.73K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$182.30K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$536.79K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$485.19K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$662.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$882.15K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$18.44K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$19.88K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$176.60K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Total Liabilities	`Liabilities`	$682.21K	USD	Point-in-time
Preferred stock, $0.001 par value: 2,500,000 shares authorized as of March 31, 2019 and December 31, 2018; 0 shares issued and outstanding as of March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 2,500,000 shares authorized as of March 31, 2019 and December 31, 2018; 0 shares issued and outstanding as of March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 shares authorized as of March 31, 2019 and December 31, 2018; 10,209,115 and 10,186,382 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$10.19K	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 shares authorized as of March 31, 2019 and December 31, 2018; 10,209,115 and 10,186,382 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$10.21K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$35.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.49M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$23.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$31.39M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$29.94M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$25.35M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$24.94M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$26.03M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$1.55M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$383.55K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$530.64K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.08M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$43.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$108.36K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$128.64K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$128.59K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$108.36K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.85M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.97M	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`	$-1.85M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.10M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.20M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Depreciation	`Depreciation`	$39.74K	USD	1 Quarter
Depreciation	`Depreciation`	$76.17K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$336.48K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$184.65K	USD	1 Quarter
Change in accrued interest income	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-7.96K	USD	1 Quarter
Change in accrued interest income	`IncreaseDecreaseInAccruedInterestReceivableNet`	$23.91K	USD	1 Quarter
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.82K	USD	1 Quarter
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$36.97K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.31K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$58.13K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$12.28K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$146.85K	USD	1 Quarter
Non-cash operating lease, net	`IncreasedecreaseinNonCashOperatingLeaseExpense`	-	USD	1 Quarter
Non-cash operating lease, net	`IncreasedecreaseinNonCashOperatingLeaseExpense`	$-20.66K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.59M	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`	$245.00K	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`	$47.64K	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 investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.20M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$197.36K	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
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$174.96K	USD	1 Quarter
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Payments for shelf registration statement costs	`PaymentsForRegistrationStatementCosts`	$1.30K	USD	1 Quarter
Payments for shelf registration statement costs	`PaymentsForRegistrationStatementCosts`	-	USD	1 Quarter
Payments for capital leases	`PaymentsForCapitalLeases`	$1.43K	USD	1 Quarter
Payments for capital leases	`PaymentsForCapitalLeases`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$172.23K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$183.76K	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-67.13K	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.22M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.72M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.69M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.62M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.94M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.72M	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`	$15.94M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$23.86M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$31.39M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$29.94M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$25.35M	USD	Point-in-time
Exercise of common stock warrants	`StockIssuedDuringPeriodValueUponExerciseOfWarrants`	$183.76K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$120.99K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$157.01K	USD	1 Quarter
Non-employee stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$63.65K	USD	1 Quarter
Non-employee stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$179.47K	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$174.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$23.86M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$31.39M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$29.94M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$25.35M	USD	Point-in-time

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