10-Q Filing

TYME TECHNOLOGIES, INC. CIK: 1537917 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001161697-15-000514`
Period End Date	20150930
Filing Date	20151123
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	cik1537917-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 45 Cash Flow Statement 66 Stockholders Equity 25

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$289.63K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.62K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$111.86K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$140.21K	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
Total current assets	`AssetsCurrent`	$2.01M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.17K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.95K	USD	Point-in-time
Total assets	`Assets`	$167.10K	USD	Point-in-time
Total assets	`Assets`	$2.02M	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
Common Stock, shares issued	`CommonStockSharesIssued`	71.40M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	71.40M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	86.03M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	86.03M	shares	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.29M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.29M	USD	Point-in-time
Current maturities of senior secured bridge notes	`SecuredDebtCurrent`	$1.35M	USD	Point-in-time
Current maturities of senior secured bridge notes	`SecuredDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.64M	USD	Point-in-time
Derivative liability of price protection feature	`DerivativeLiabilitiesNoncurrent`	$376.30K	USD	Point-in-time
Derivative liability of price protection feature	`DerivativeLiabilitiesNoncurrent`	$376.30K	USD	Point-in-time
Derivative liability of price protection feature	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.67M	USD	Point-in-time
Commitments and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 and -0- shares authorized at September 30, 2015 and December 31, 2014, respectively, -0- shares issued and outstanding at September 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 and -0- shares authorized at September 30, 2015 and December 31, 2014, respectively, -0- shares issued and outstanding at September 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 86,026,371 issued and outstanding at September 30, 2015, and 71,400,000 issued and 68,000,000 outstanding at December 31, 2014	`CommonStockValue`	$6.80K	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 86,026,371 issued and outstanding at September 30, 2015, and 71,400,000 issued and 68,000,000 outstanding at December 31, 2014	`CommonStockValue`	$8.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$2.05M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$15.43M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$1.25M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$1.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.84M	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`	$-2.47M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$352.39K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.02M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$167.10K	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.36M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$431.27K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.66M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$286.98K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$958.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$601.47K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$719.85K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.50M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.15M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$888.45K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.32M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.16M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.16M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-9.53M	USD	9 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.15M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-888.45K	USD	1 Quarter
Interest expense	`InterestExpense`	$44.51K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$3.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$30.54K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.32M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.20M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-9.67M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-919.00K	USD	1 Quarter
Loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-83.00	USD	1 Quarter
Loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-10.96K	USD	3 Qtrs
Loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Loss attributable to controlling interests	`NetIncomeLoss`	$-9.67M	USD	3 Qtrs
Loss attributable to controlling interests	`NetIncomeLoss`	$-2.32M	USD	1 Quarter
Loss attributable to controlling interests	`NetIncomeLoss`	$-1.18M	USD	3 Qtrs
Loss attributable to controlling interests	`NetIncomeLoss`	$-918.91K	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	86.01M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	81.85M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	68.00M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	68.00M	shares	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Conversion of debt, debt amount converted	`DebtConversionOriginalDebtAmount1`	$1.13M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-2.32M	USD	1 Quarter
Conversion of debt, shares issued	`DebtConversionConvertedInstrumentSharesIssued1`	106.60	shares	3 Qtrs
Net loss	`ProfitLoss`	$-1.20M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-9.67M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-919.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$3.63K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$3.22K	USD	3 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$625.00K	USD	3 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$212.50K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Amortization of employee stock options	`AmortizationOfEmployeeStockOptions`	$292.36K	USD	3 Qtrs
Amortization of employee stock options	`AmortizationOfEmployeeStockOptions`	-	USD	3 Qtrs
Incremental value of the modification to the Bridge Note conversion rate as an inducement to convert	`EmbeddedConversionFeatureRelatingToBridgeNote`	$3.46M	USD	3 Qtrs
Incremental value of the modification to the Bridge Note conversion rate as an inducement to convert	`EmbeddedConversionFeatureRelatingToBridgeNote`	-	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.72K	USD	3 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-28.35K	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$225.04K	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$96.14K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-975.68K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.95M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.71K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.71K	USD	3 Qtrs
Capital contributions - noncontrolling interest	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Capital contributions - noncontrolling interest	`ProceedsFromMinorityShareholders`	$25.00K	USD	3 Qtrs
Changes in due from stockholders/members	`IncreaseDecreaseDueFromStockholders`	$-355.77K	USD	3 Qtrs
Changes in due from stockholders/members	`IncreaseDecreaseDueFromStockholders`	$149.60K	USD	3 Qtrs
Proceeds from Bridge Note	`ProceedsFromIssuanceOfSecuredDebt`	$1.10M	USD	3 Qtrs
Proceeds from Bridge Note	`ProceedsFromIssuanceOfSecuredDebt`	$960.00K	USD	3 Qtrs
Proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	$4.26M	USD	3 Qtrs
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	$200.00K	USD	3 Qtrs
Proceeds from the collection of stock subscription receivable	`ProceedsFromCollectionOfStockSubscriptionReceivable`	$1.25M	USD	3 Qtrs
Proceeds from the collection of stock subscription receivable	`ProceedsFromCollectionOfStockSubscriptionReceivable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$6.83M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.18M	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.89M	USD	3 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$197.01K	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$289.63K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$92.62K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$289.63K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$92.62K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$675.00	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Conversion of the Bridge Note and all accrued interest into shares of common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Conversion of the Bridge Note and all accrued interest into shares of common stock	`DebtConversionConvertedInstrumentAmount1`	$2.40M	USD	3 Qtrs
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`SubscriptionReceivable`	-	USD	3 Qtrs
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`SubscriptionReceivable`	$2.50M	USD	3 Qtrs
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion	`LiabilitiesAssumed1`	-	USD	3 Qtrs
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion	`LiabilitiesAssumed1`	$376.30K	USD	3 Qtrs
Conversion of $1.126 million of convertible debt into 106.6 shares of common stock; simultaneously, stockholders surrendered an equal amount of their own common stock, thereby having no change in the total number of shares outstanding	`StockIssued1`	-	USD	3 Qtrs
Conversion of $1.126 million of convertible debt into 106.6 shares of common stock; simultaneously, stockholders surrendered an equal amount of their own common stock, thereby having no change in the total number of shares outstanding	`StockIssued1`	$1.15M	USD	3 Qtrs
Luminant member advances assigned in buyout of noncontrolling interest	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	-	USD	3 Qtrs
Luminant member advances assigned in buyout of noncontrolling interest	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$1.10M	USD	3 Qtrs
Contribution of noncontrolling interests by stockholders of Tyme Inc.	`ContributionOfProperty`	$1.99M	USD	3 Qtrs
Contribution of noncontrolling interests by stockholders of Tyme Inc.	`ContributionOfProperty`	-	USD	3 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.47M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$352.39K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	86.03M	shares	Point-in-time
Repayment of stockholder loans	`StockholdersEquityOther`	$-355.77K	USD	3 Qtrs
Outstanding common shares of Tyme Technologies prior to merger	`StockIssuedDuringPeriodValueOutstandingCommonSharesOfTymeTechPriotToMerger`	-	USD	3 Qtrs
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$625.00K	USD	3 Qtrs
Issuance of common stock in private placement offering for cash, net of associated expense	`StockIssuedDuringPeriodValuePrivatePlacementOfferingForCashNetOfAssociatedExpense`	$4.26M	USD	3 Qtrs
Issuance of common stock in private placement offering in exchange for subscription receivable	`StockIssuedDuringPeriodValuePrivatePlacementOfferingInExchangeForSubscriptionReceivable`	-	USD	3 Qtrs
Issuance of common stock upon conversion of Bridge Note and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.40M	USD	3 Qtrs
Incremental value of the modification to Bridge Note conversion rate as an inducement to convert	`AdjustmentsToAdditionalPaidInCapitalInducementToConvert`	$3.46M	USD	3 Qtrs
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$212.50K	USD	3 Qtrs
Fair value of price protection feature associated with shares issued under the PPO and Bridge Note conversion	`AdjustmentsToAdditionalPaidInCapitalFairValueOfPriceProtectionFeature`	$-376.30K	USD	3 Qtrs
Amortization of employee stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$292.36K	USD	3 Qtrs
Proceeds from the collection of stock subscription receivable	`EquityImpaccProceedsFromCollectionOfStockSubscriptionReceivable`	$1.25M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-2.32M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.20M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-9.67M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-919.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.47M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$352.39K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	86.03M	shares	Point-in-time

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