10-Q Filing

TYME TECHNOLOGIES, INC. CIK: 1537917 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001161697-15-000236`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cik1537917-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 23 Cash Flow Statement 58 Stockholders Equity 21

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$45.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$92.62K	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$384.23K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$140.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.71M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$149.93K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.17K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.10K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$3.73M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total assets	`Assets`	$167.10K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	71.40M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	86.01M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	71.40M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	86.01M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.29M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$618.64K	USD	Point-in-time
Current maturities of senior secured bridge notes	`SecuredDebtCurrent`	-	USD	Point-in-time
Current maturities of senior secured bridge notes	`SecuredDebtCurrent`	$1.35M	USD	Point-in-time
Derivative liability of price protection feature	`DerivativeLiabilitiesCurrent`	$376.30K	USD	Point-in-time
Derivative liability of price protection feature	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	$17.62K	USD	Point-in-time
Due to officer	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.64M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 and -0- shares authorized at March 31, 2015 and December 31, 2014, respectively, -0- shares issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 and -0- shares authorized at March 31, 2015 and December 31, 2014, respectively, -0- shares issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 86,007,248 issued and outstanding at March 31, 2015, and 71,400,000 issued and 68,000,000 outstanding at December 31, 2014	`CommonStockValue`	$8.60K	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 86,007,248 issued and outstanding at March 31, 2015, and 71,400,000 issued and 68,000,000 outstanding at December 31, 2014	`CommonStockValue`	$6.80K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$14.98M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$2.05M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$2.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.17M	USD	Point-in-time
Stockholders' equity (deficit)	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Stockholders' equity (deficit)	`StockholdersEquity`	$2.71M	USD	Point-in-time
Due from stockholders/members	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$355.77K	USD	Point-in-time
Due from stockholders/members	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.47M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.73M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$167.10K	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$514.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$102.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.58M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$127.86K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.10M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-127.86K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.10M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.90M	USD	7 Qtrs
Interest expense	`InterestExpense`	$3.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.83K	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-134.69K	USD	1 Quarter
Loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-10.24K	USD	1 Quarter
Loss attributable to controlling interests	`NetIncomeLoss`	$-124.45K	USD	1 Quarter
Loss attributable to controlling interests	`NetIncomeLoss`	$-5.60M	USD	1 Quarter
Basic and diluted (loss) per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	73.40M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	68.00M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-134.69K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.07K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.21K	USD	1 Quarter
Non-cash officer compensation	`NonCashOfficerCompensation`	-	USD	1 Quarter
Non-cash officer compensation	`NonCashOfficerCompensation`	$342.25K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$625.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$50.00K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaimsTransactionTwo`	-	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaimsTransactionTwo`	$3.46M	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$244.02K	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-577.30K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.57K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.94M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-119.91K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.71K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.71K	USD	1 Quarter
Capital contributions - noncontrolling interest	`ProceedsFromMinorityShareholders`	$35.00K	USD	1 Quarter
Capital contributions - noncontrolling interest	`ProceedsFromMinorityShareholders`	-	USD	1 Quarter
Changes in due from stockholders/members	`IncreaseDecreaseDueFromStockholders`	$-13.52K	USD	1 Quarter
Changes in due from stockholders/members	`IncreaseDecreaseDueFromStockholders`	$160.00K	USD	1 Quarter
Change in due to officer	`IncreaseDecreaseDueToOfficers`	$17.62K	USD	1 Quarter
Change in due to officer	`IncreaseDecreaseDueToOfficers`	-	USD	1 Quarter
Proceeds from bridge note	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Proceeds from bridge note	`ProceedsFromIssuanceOfSecuredDebt`	$960.00K	USD	1 Quarter
Proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	$4.26M	USD	1 Quarter
Proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	1 Quarter
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	$200.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.32M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-47.62K	USD	1 Quarter
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$45.00K	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$92.62K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$45.00K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$92.62K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$7.72K	USD	1 Quarter
Settlement of due from stockholders/members by withholding compensation due such stockholders/members	`SettlementOfDueFromStockholdersByWithholdingCompensationDue`	$342.25K	USD	1 Quarter
Settlement of due from stockholders/members by withholding compensation due such stockholders/members	`SettlementOfDueFromStockholdersByWithholdingCompensationDue`	-	USD	1 Quarter
Conversion of the Bridge Note and all accrued interest into shares of common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Conversion of the Bridge Note and all accrued interest into shares of common stock	`DebtConversionConvertedInstrumentAmount1`	$2.32M	USD	1 Quarter
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`SubscriptionReceivable`	$2.50M	USD	1 Quarter
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`SubscriptionReceivable`	-	USD	1 Quarter
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion	`LiabilitiesAssumed1`	$376.30K	USD	1 Quarter
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion	`LiabilitiesAssumed1`	-	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.47M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	86.01M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Repayment of stockholder loans	`StockholdersEquityOther`	$355.77K	USD	1 Quarter
Outstanding common shares of Tyme Tech prior to merger	`StockIssuedDuringPeriodValueOutstandingCommonSharesOfTymeTechPriotToMerger`	-	USD	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$625.00K	USD	1 Quarter
Issuance of common stock in private placement offering for cash, net of associated expense	`StockIssuedDuringPeriodValuePrivatePlacementOfferingForCashNetOfAssociatedExpense`	$4.26M	USD	1 Quarter
Issuance of common stock in private placement offering in exchange for subscription receivable	`StockIssuedDuringPeriodValuePrivatePlacementOfferingInExchangeForSubscriptionReceivable`	-	USD	1 Quarter
Issuance of common stock upon conversion of the Bridge Note and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.40M	USD	1 Quarter
Incremental value of the modification to the Bridge Note conversion rate as an inducement to convert	`AdjustmentsToAdditionalPaidInCapitalInducementToConvert`	$3.46M	USD	1 Quarter
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$50.00K	USD	1 Quarter
Fair value of price protection feature associated with shares issued under the PPO and Bridge Note conversion	`AdjustmentsToAdditionalPaidInCapitalFairValueOfPriceProtectionFeature`	$-376.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-134.69K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.71M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.47M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	86.01M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time

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