10-Q Filing

BENITEC BIOPHARMA INC. CIK: 1808898 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-20-292209`
Period End Date	20200930
Filing Date	20201113
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	bntc-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 35 Cash Flow Statement 43 Stockholders Equity 17

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock Shares Authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock Shares Authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	1.11M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.72M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	1.11M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	1.11M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	1.11M	shares	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$59.00K	USD	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$18.00K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$949.00K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$588.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$374.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$503.00K	USD	Point-in-time
Deposits	`DepositAssets`	$9.00K	USD	Point-in-time
Deposits	`DepositAssets`	$9.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$395.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$348.00K	USD	Point-in-time
Total assets	`Assets`	$8.92M	USD	Point-in-time
Total assets	`Assets`	$11.59M	USD	Point-in-time
Trade and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$624.00K	USD	Point-in-time
Trade and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$741.00K	USD	Point-in-time
Accrued employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$197.00K	USD	Point-in-time
Accrued employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$203.00K	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$198.00K	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$192.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.02M	USD	Point-in-time
Lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$161.00K	USD	Point-in-time
Lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$213.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.18M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value10,000,000 shares authorized; 1,108,374 shares issued and outstanding at September 30, 2020 and June 30, 2020, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.0001 par value10,000,000 shares authorized; 1,108,374 shares issued and outstanding at September 30, 2020 and June 30, 2020, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$128.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$128.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-116.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.77M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.24M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.59M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues from customers	`RevenueFromContractWithCustomerIncludingAssessedTax`	$55.00K	USD	1 Quarter
Revenues from customers	`RevenueFromContractWithCustomerIncludingAssessedTax`	$33.00K	USD	1 Quarter
Total revenues	`Revenues`	$33.00K	USD	1 Quarter
Total revenues	`Revenues`	$55.00K	USD	1 Quarter
Royalties and license fees	`RoyaltiesAndLicenseFees`	$26.00K	USD	1 Quarter
Royalties and license fees	`RoyaltiesAndLicenseFees`	$134.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$774.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$423.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.84M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$750.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.75M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.17M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.69M	USD	1 Quarter
Foreign currency transaction loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-54.00K	USD	1 Quarter
Foreign currency transaction loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Interest income (loss), net	`InterestIncomeExpenseNonoperatingNet`	$-1.00K	USD	1 Quarter
Interest income (loss), net	`InterestIncomeExpenseNonoperatingNet`	$18.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$27.00K	USD	1 Quarter
Unrealized gain on investment	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain on investment	`UnrealizedGainLossOnInvestments`	$1.00K	USD	1 Quarter
Total other income (loss), net	`NonoperatingIncomeExpense`	$19.00K	USD	1 Quarter
Total other income (loss), net	`NonoperatingIncomeExpense`	$-28.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$178.00K	USD	1 Quarter
Unrealized foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-304.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$178.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-304.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.54M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.45M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.34	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.45	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	858,794.00	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.11M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.00K	USD	1 Quarter
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	$47.00K	USD	1 Quarter
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	$46.00K	USD	1 Quarter
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	1 Quarter
Unrealized gain on investment	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain on investment	`UnrealizedGainLossOnInvestments`	$1.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$38.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$55.00K	USD	1 Quarter
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-974.00K	USD	1 Quarter
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-27.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-374.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-130.00K	USD	1 Quarter
Trade and other payables	`IncreasedecreaseInAccountsAndOtherPayables`	$-645.00K	USD	1 Quarter
Trade and other payables	`IncreasedecreaseInAccountsAndOtherPayables`	$-119.00K	USD	1 Quarter
Accrued employee benefit	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.00K	USD	1 Quarter
Accrued employee benefit	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$18.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiabilities`	$-46.00K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInLeaseLiabilities`	$-27.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-545.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.36M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$173.00K	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Net cash provided in (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.00K	USD	1 Quarter
Net cash provided in (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-173.00K	USD	1 Quarter
Proceeds from issues of shares	`ProceedsFromIssuanceOfCommonStock`	$2.25M	USD	1 Quarter
Share issue transaction costs	`PaymentsOfStockIssuanceCosts`	$480.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.77M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.23M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.53M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.45M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.72M	USD	Point-in-time
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$182.00K	USD	1 Quarter
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-313.00K	USD	1 Quarter
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.72M	USD	Point-in-time
Initial measurement of operating lease right-of-use assets and liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$579.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Payments For Stock Issuance Costs	`PaymentsOfStockIssuanceCosts`	$480.00K	USD	1 Quarter
Balance at the beginning	`StockholdersEquity`	$7.74M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$16.97M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$16.59M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$10.24M	USD	Point-in-time
Common stock sold for cash, net of offering costs of $240	`StockIssuedDuringPeriodValueNewIssues`	$1.72M	USD	1 Quarter
Issuance of pre-funded warrants, net of transaction costs of $240	`IssuanceAndExerciseOfPrefundedWarrantsNetOfTransactionCosts`	$50.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$55.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$38.00K	USD	1 Quarter
Foreign currency translation loss (Gain)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$178.00K	USD	1 Quarter
Foreign currency translation loss (Gain)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-304.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	1 Quarter
Balance at end	`StockholdersEquity`	$7.74M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$16.97M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$16.59M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$10.24M	USD	Point-in-time

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