10-Q Filing

Xenetic Biosciences, Inc. CIK: 1534525 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-413225`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	xbio-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 66 Cash Flow Statement 43

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	215.46M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	215.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	130.58M	shares	Point-in-time
Cash	`Cash`	$4.84M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	136.05M	shares	Point-in-time
Cash	`Cash`	$4.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	146.74M	shares	Point-in-time
Cash	`Cash`	$11.14M	USD	Point-in-time
Cash	`Cash`	$6.93M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.05M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$66.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	136.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	119.89M	shares	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$218.37K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$256.01K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$168.31K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$239.01K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$137.01K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$152.60K	USD	Point-in-time
Goodwill	`Goodwill`	$4.13M	USD	Point-in-time
Goodwill	`Goodwill`	$3.59M	USD	Point-in-time
Goodwill	`Goodwill`	$3.60M	USD	Point-in-time
Goodwill	`Goodwill`	$3.67M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$10.32M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$10.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$98.20K	USD	Point-in-time
Total assets	`Assets`	$19.47M	USD	Point-in-time
Total assets	`Assets`	$19.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$942.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$761.03K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$752.94K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.83M	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$92.68K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$84.60K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$42.54K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$55.27K	USD	Point-in-time
Loans due to related parties	`DueToRelatedPartiesCurrent`	$395.00K	USD	Point-in-time
Loans due to related parties	`DueToRelatedPartiesCurrent`	$681.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.04M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.26M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$3.20M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$60.73K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.30M	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value; 215,456,000 shares authorized as of September 30, 2014 and December 31, 2013; 146,740,692 and 130,575,516 shares issued as of September 30, 2014 and December 31, 2013, respectively; 136,052,498 and 119,887,322 shares outstanding as of September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$1.31M	USD	Point-in-time
Common stock, $0.01 par value; 215,456,000 shares authorized as of September 30, 2014 and December 31, 2013; 146,740,692 and 130,575,516 shares issued as of September 30, 2014 and December 31, 2013, respectively; 136,052,498 and 119,887,322 shares outstanding as of September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$1.47M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$88.27M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$74.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-58.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.32M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$900.25K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$881.80K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$5.28M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$5.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.32M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.00M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	-	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	-	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$1.00M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.50M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.61M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.91M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.45M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.20M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$8.71M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$2.53M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$6.06M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$3.11M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.53M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.11M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.71M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.06M	USD	3 Qtrs
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	$-1.07M	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-72.88K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-5.19K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-235.48K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-206.55K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.74K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$11.96K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$218.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$27.92K	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.57K	USD	3 Qtrs
Interest expense	`InterestExpense`	$632.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.20K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.30M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-73.86K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$22.10K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-198.80K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.73M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.00M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.18M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.04M	USD	3 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`ProfitLoss`	$-5.04M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-2.73M	USD	1 Quarter
Net loss	`ProfitLoss`	$-10.00M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-3.18M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.46K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.02M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-188.64K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-542.10K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.02M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.23M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.72M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.71M	USD	1 Quarter
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Net loss per share of common stock, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.83M	shares	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	136.05M	shares	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	134.75M	shares	3 Qtrs
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	119.83M	shares	3 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.04M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-2.73M	USD	1 Quarter
Net loss	`ProfitLoss`	$-10.00M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-3.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$59.11K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.35K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$678.51K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$336.27K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$246.26K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$123.37K	USD	1 Quarter
Loss on disposal of subsidiaries	`GainLossOnSaleOfBusiness`	$-1.07M	USD	3 Qtrs
Accounts receivable, prepayments and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$12.00K	USD	3 Qtrs
Accounts receivable, prepayments and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$160.98K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.19M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$643.15K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-9.54M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.04M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.80K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.01K	USD	3 Qtrs
Disposition of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.49K	USD	3 Qtrs
Cash acquired from Acquisition	`CashAcquiredFromAcquisition`	$43.50K	USD	3 Qtrs
Cash transferred in connection with Hive Out Agreement	`CashDivestedFromDeconsolidation`	$43.50K	USD	3 Qtrs
Fee paid in connection with Hive Out Agreement	`BusinessCombinationTransactionFeesPaid`	$430.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-470.52K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.80K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$101.93K	USD	3 Qtrs
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	$286.12K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$9.82M	USD	3 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$193.71K	USD	3 Qtrs
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-153.25K	USD	3 Qtrs
Net decrease in cash and cash equivalents, excluding restricted cash	`CashPeriodIncreaseDecrease`	$-4.21M	USD	3 Qtrs
Net decrease in cash and cash equivalents, excluding restricted cash	`CashPeriodIncreaseDecrease`	$-4.85K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`Cash`	$4.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$4.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$11.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`Cash`	$6.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$4.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$4.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$11.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`Cash`	$6.93M	USD	Point-in-time
Equity consideration transferred in the Acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$3.75M	USD	3 Qtrs
Repurchase and cancellation of common stock in the Hive Out Agreement	`PaymentsForRepurchaseAndCancellationOfCommonStock`	$3.11M	USD	3 Qtrs

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