10-Q Filing

TYME TECHNOLOGIES, INC. CIK: 1537917 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001161697-16-001028`
Period End Date	20160630
Filing Date	20160809
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tymi-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 36 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.21M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.78K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$168.23K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.38M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.75K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.88K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	86.84M	shares	Point-in-time
Total assets	`Assets`	$4.39M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	87.63M	shares	Point-in-time
Total assets	`Assets`	$4.49M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	87.63M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	86.84M	shares	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.57M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.47M	USD	Point-in-time
Insurance note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Insurance note payable	`NotesPayableCurrent`	$168.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.47M	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 June 30, 2016 and December 31, 2015, respectively, -0- shares issued and outstanding at June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 and -0- shares authorized at June 30, 2016 and December 31, 2015, respectively, -0- shares issued and outstanding at June 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 87,627,838 issued and outstanding at June 30, 2016, and 86,836,370 issued and outstanding at December 31, 2015	`CommonStockValue`	$8.69K	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 87,627,838 issued and outstanding at June 30, 2016, and 86,836,370 issued and outstanding at December 31, 2015	`CommonStockValue`	$8.77K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$18.91M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.49M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.39M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	-	USD	2 Qtrs
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$790.69K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.39M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.31M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.54M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$959.59K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.37M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.85M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.76M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.75M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.76M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.85M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.87M	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$3.50M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.76M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	2 Qtrs
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	84.12M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	83.96M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	86.01M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	79.74M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-8.76M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-7.35M	USD	2 Qtrs
Depreciation	`Depreciation`	$2.15K	USD	2 Qtrs
Depreciation	`Depreciation`	$2.12K	USD	2 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$625.00K	USD	2 Qtrs
Stock-based compensation and stock issued to Scientific Advisory Board members	`ShareBasedCompensation`	$5.36M	USD	2 Qtrs
Stock-based compensation and stock issued to Scientific Advisory Board members	`ShareBasedCompensation`	$198.85K	USD	2 Qtrs
Inducement for conversion of Bridge Note to common shares	`AdjustmentsToAdditionalPaidInCapitalInducementToConvert`	$-3.46M	USD	2 Qtrs
Inducement for conversion of Bridge Note to common shares	`AdjustmentsToAdditionalPaidInCapitalInducementToConvert`	-	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-94.65K	USD	2 Qtrs
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$636.17K	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$100.06K	USD	2 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-198.84K	USD	2 Qtrs
Insurance note payable	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	2 Qtrs
Insurance note payable	`IncreaseDecreaseInNotesPayableCurrent`	$-63.82K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.90M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.27M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Repayment from stockholders/members	`RepaymentFromAdvancesToStockholdersAndMembers`	$-355.77K	USD	2 Qtrs
Repayment from stockholders/members	`RepaymentFromAdvancesToStockholdersAndMembers`	-	USD	2 Qtrs
Change in due to officer	`IncreaseDecreaseDueFromStockholders`	$-32.76K	USD	2 Qtrs
Change in due to officer	`IncreaseDecreaseDueFromStockholders`	-	USD	2 Qtrs
Proceeds from Bridge Note	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from Bridge Note	`ProceedsFromNotesPayable`	$960.00K	USD	2 Qtrs
Proceeds from private placement offering of common stock and warrants, net	`ProceedsFromIssuanceOfPrivatePlacement`	$3.03M	USD	2 Qtrs
Proceeds from private placement offering of common stock and warrants, net	`ProceedsFromIssuanceOfPrivatePlacement`	$4.26M	USD	2 Qtrs
Proceeds from the collection of stock subscription receivable	`ProceedsFromCollectionOfStockSubscriptionReceivable`	-	USD	2 Qtrs
Proceeds from the collection of stock subscription receivable	`ProceedsFromCollectionOfStockSubscriptionReceivable`	$1.25M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$6.86M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.03M	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-236.90K	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.97M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.45M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	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`	$4.21M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.45M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	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`	$4.21M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$8.17K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$675.00	USD	2 Qtrs
Financing of insurance premiums	`FinancingOfInsurancePremiums`	-	USD	2 Qtrs
Financing of insurance premiums	`FinancingOfInsurancePremiums`	$232.10K	USD	2 Qtrs
Conversion of the Bridge Note and all accrued interest into shares of common stock	`NonCashConversionofBridgeNote`	-	USD	2 Qtrs
Conversion of the Bridge Note and all accrued interest into shares of common stock	`NonCashConversionofBridgeNote`	$2.40M	USD	2 Qtrs
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`NonCashIssuanceofSubscriptionReceivable`	$2.50M	USD	2 Qtrs
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`NonCashIssuanceofSubscriptionReceivable`	-	USD	2 Qtrs
Inducement for conversion of Bridge Note to common shares	`NonCashIncdcementToConvert`	-	USD	2 Qtrs
Inducement for conversion of Bridge Note to common shares	`NonCashIncdcementToConvert`	$3.46M	USD	2 Qtrs
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion	`NonCashFairValueofDerivativeLiability`	-	USD	2 Qtrs
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion	`NonCashFairValueofDerivativeLiability`	$376.30K	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance, at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65M	USD	Point-in-time
Balance, at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.02M	USD	Point-in-time
Balance, at beginning (in shares)	`CommonStockSharesOutstanding`	87.63M	shares	Point-in-time
Balance, at beginning (in shares)	`CommonStockSharesOutstanding`	86.84M	shares	Point-in-time
Issuance of common stock in private placement offering for cash, net of associated expense	`StockIssuedDuringPeriodValueNewIssues`	$3.03M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.26M	USD	2 Qtrs
Issuance of stock to Scientific Advisory Board members	`IssuanceOfStockToScientificAdvisoryBoardMembers`	$100.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.76M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Balance, at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65M	USD	Point-in-time
Balance, at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.02M	USD	Point-in-time
Balance, at ending (in shares)	`CommonStockSharesOutstanding`	87.63M	shares	Point-in-time
Balance, at ending (in shares)	`CommonStockSharesOutstanding`	86.84M	shares	Point-in-time

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