10-Q Filing

BENITEC BIOPHARMA INC. CIK: 1808898 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-328795`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	d230065d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 35 Cash Flow Statement 40 Stockholders Equity 14

Balance Sheet 56 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`	8.17M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	8.17M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	8.17M	shares	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$3.00K	USD	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$25.00K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	8.17M	shares	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$642.00K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$814.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$375.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$323.00K	USD	Point-in-time
Deposits	`DepositAssets`	$25.00K	USD	Point-in-time
Deposits	`DepositAssets`	$9.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$169.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$185.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$947.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$202.00K	USD	Point-in-time
Total assets	`Assets`	$17.84M	USD	Point-in-time
Total assets	`Assets`	$21.38M	USD	Point-in-time
Trade and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.11M	USD	Point-in-time
Trade and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$880.00K	USD	Point-in-time
Accrued employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$301.00K	USD	Point-in-time
Accrued employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$276.00K	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$213.00K	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$194.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.37M	USD	Point-in-time
Lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$760.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.37M	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; 8,171,690 shares issued and outstanding at September 30, 2021 and June 30, 2021, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.0001 par value10,000,000 shares authorized; 8,171,690 shares issued and outstanding at September 30, 2021 and June 30, 2021, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$151.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$151.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-135.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.24M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.84M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$21.38M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues from customers	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Revenues from customers	`RevenueFromContractWithCustomerIncludingAssessedTax`	$55.00K	USD	1 Quarter
Total revenues	`Revenues`	$55.00K	USD	1 Quarter
Total revenues	`Revenues`	-	USD	1 Quarter
Royalties and license fees	`RoyaltiesAndLicenseFees`	-	USD	1 Quarter
Royalties and license fees	`RoyaltiesAndLicenseFees`	$134.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.78M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$774.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.82M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.69M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.82M	USD	1 Quarter
Foreign currency transaction loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-54.00K	USD	1 Quarter
Foreign currency transaction loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-240.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.00K	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`	$18.00K	USD	1 Quarter
Total other loss, net	`NonoperatingIncomeExpense`	$-223.00K	USD	1 Quarter
Total other loss, net	`NonoperatingIncomeExpense`	$-28.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.04M	USD	1 Quarter
Unrealized foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$239.00K	USD	1 Quarter
Unrealized foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$178.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$239.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$178.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.81M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.54M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.45	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.17M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.11M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$52.00K	USD	1 Quarter
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	$50.00K	USD	1 Quarter
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	$47.00K	USD	1 Quarter
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	$18.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$38.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$271.00K	USD	1 Quarter
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-27.00K	USD	1 Quarter
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-374.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-179.00K	USD	1 Quarter
Trade and other payables	`IncreasedecreaseInAccountsAndOtherPayables`	$293.00K	USD	1 Quarter
Trade and other payables	`IncreasedecreaseInAccountsAndOtherPayables`	$-119.00K	USD	1 Quarter
Accrued employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.00K	USD	1 Quarter
Accrued employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-52.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-46.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.28M	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
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-173.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$236.00K	USD	1 Quarter
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$182.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.35M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.04M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.73M	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`	$19.77M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.73M	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`	$19.77M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Re-measurement of operating lease right-of-use assets and liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Re-measurement of operating lease right-of-use assets and liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$794.00K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$7.74M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$20.01M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$15.47M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$10.24M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$271.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$38.00K	USD	1 Quarter
Foreign currency translation loss (Gain)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$239.00K	USD	1 Quarter
Foreign currency translation loss (Gain)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$178.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.04M	USD	1 Quarter
Balance at end	`StockholdersEquity`	$7.74M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$20.01M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$15.47M	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.