10-QT Filing

TYME TECHNOLOGIES, INC. CIK: 1537917 Q1 2016

Filing Information

Form Type	10-QT
Accession Number	`0001161697-16-001181`
Period End Date	20160331
Filing Date	20161108
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tymi-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 18 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 50 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`	10.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.45M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	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`	$226.10K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.78K	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`	$6.33M	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`	$12.88K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.82K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total assets	`Assets`	$4.49M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	86.84M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	87.61M	shares	Point-in-time
Total assets	`Assets`	$6.34M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	87.61M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	86.84M	shares	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.47M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.68M	USD	Point-in-time
Insurance note payable	`NotesPayableCurrent`	-	USD	Point-in-time
Insurance note payable	`NotesPayableCurrent`	$232.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.47M	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 shares authorized at March 31, 2016 and December 31, 2015, 0 shares issued and outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized at March 31, 2016 and December 31, 2015, 0 shares issued and outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 87,611,370 issued and outstanding at March 31, 2016, and 86,836,370 issued and outstanding at December 31, 2015	`CommonStockValue`	$8.76K	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 87,611,370 issued and outstanding at March 31, 2016, and 86,836,370 issued and outstanding at December 31, 2015	`CommonStockValue`	$8.69K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$23.08M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$18.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.49M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$514.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$808.47K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.10M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.10M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.75M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.50M	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.75M	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	83.80M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	73.40M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.60M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.75M	USD	1 Quarter
Depreciation	`Depreciation`	$1.07K	USD	1 Quarter
Depreciation	`Depreciation`	$1.06K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$625.00K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$50.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.14M	USD	1 Quarter
Inducement for conversion of Bridge Note to common shares	`AdjustmentsToAdditionalPaidInCapitalInducementToConvert`	-	USD	1 Quarter
Inducement for conversion of Bridge Note to common shares	`AdjustmentsToAdditionalPaidInCapitalInducementToConvert`	$-3.46M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$244.02K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-36.79K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-577.30K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$202.59K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.28M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.37M	USD	1 Quarter
Repayment from stockholders/members	`RepaymentFromAdvancesToStockholdersAndMembers`	$-355.77K	USD	1 Quarter
Repayment from stockholders/members	`RepaymentFromAdvancesToStockholdersAndMembers`	-	USD	1 Quarter
Change in due to officer	`IncreaseDecreaseDueFromStockholders`	$-17.62K	USD	1 Quarter
Change in due to officer	`IncreaseDecreaseDueFromStockholders`	-	USD	1 Quarter
Proceeds from Bridge Note	`ProceedsFromNotesPayable`	$960.00K	USD	1 Quarter
Proceeds from Bridge Note	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from private placement offering of common stock and warrants, net	`ProceedsFromIssuanceOfPrivatePlacement`	$3.03M	USD	1 Quarter
Proceeds from private placement offering of common stock and warrants, net	`ProceedsFromIssuanceOfPrivatePlacement`	$4.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.03M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.60M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.66M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.32M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.45M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.11M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	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`	$3.33M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.11M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.72K	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Financing of insurance premiums	`FinancingOfInsurancePremiums`	-	USD	1 Quarter
Financing of insurance premiums	`FinancingOfInsurancePremiums`	$232.10K	USD	1 Quarter
Conversion of the Bridge Note and all accrued interest into shares of common stock	`NonCashConversionofBridgeNote`	$2.40M	USD	1 Quarter
Conversion of the Bridge Note and all accrued interest into shares of common stock	`NonCashConversionofBridgeNote`	-	USD	1 Quarter
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`NonCashIssuanceofSubscriptionReceivable`	$2.50M	USD	1 Quarter
Issuance of subscription receivable for shares issued in conjunction with private placement offering	`NonCashIssuanceofSubscriptionReceivable`	-	USD	1 Quarter
Inducement for conversion of Bridge Note to common shares	`NonCashIncdcementToConvert`	$3.46M	USD	1 Quarter
Inducement for conversion of Bridge Note to common shares	`NonCashIncdcementToConvert`	-	USD	1 Quarter
Derivative liability associated with the price protection feature of shares of common stock issued in PPO and Bridge Note conversion	`NonCashFairValueofDerivativeLiability`	$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	`NonCashFairValueofDerivativeLiability`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.43M	USD	Point-in-time
Balance, at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.02M	USD	Point-in-time
Balance, at beginning (in shares)	`CommonStockSharesOutstanding`	87.61M	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	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.14M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.75M	USD	1 Quarter
Balance, at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.43M	USD	Point-in-time
Balance, at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.02M	USD	Point-in-time
Balance, at ending (in shares)	`CommonStockSharesOutstanding`	87.61M	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.