10-K Filing

BENITEC BIOPHARMA INC. CIK: 1808898 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001193125-23-239121`
Period End Date	20230630
Filing Date	20230921
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	d549728d10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 38 Cash Flow Statement 48 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`	160.00M	shares	Point-in-time
Common Stock Shares Authorized	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	480,688.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.48M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	1.65M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	480,688.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$14.00K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	1.65M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$13.00K	USD	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$55.00K	USD	Point-in-time
Trade and other receivables	`AccountsAndOtherReceivablesNetCurrent`	$3.00K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.18M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$741.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.73M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$87.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$222.00K	USD	Point-in-time
Deposits	`DepositAssets`	$25.00K	USD	Point-in-time
Deposits	`DepositAssets`	$25.00K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$135.00K	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$97.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$526.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$771.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$771.00K	USD	Point-in-time
Total assets	`Assets`	$4.46M	USD	Point-in-time
Total assets	`Assets`	$5.97M	USD	Point-in-time
Trade and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$3.23M	USD	Point-in-time
Trade and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.88M	USD	Point-in-time
Accrued employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$472.00K	USD	Point-in-time
Accrued employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$400.00K	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$252.00K	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$275.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.53M	USD	Point-in-time
Lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$559.00K	USD	Point-in-time
Lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$284.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.26M	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 value160,000,000 shares authorized; 1,645,951 and 480,688 shares issued and outstanding at June 30, 2023 and 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value160,000,000 shares authorized; 1,645,951 and 480,688 shares issued and outstanding at June 30, 2023 and 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$168.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$152.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-167.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-148.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-830.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$202.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.46M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues from customers	`RevenueFromContractWithCustomerIncludingAssessedTax`	$73.00K	USD	Annual
Revenues from customers	`RevenueFromContractWithCustomerIncludingAssessedTax`	$75.00K	USD	Annual
Royalties and license fees	`RoyaltiesAndLicenseFees`	-	USD	Annual
Royalties and license fees	`RoyaltiesAndLicenseFees`	$9.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$11.27M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$12.77M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.38M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.65M	USD	Annual
Total operating expenses	`OperatingExpenses`	$19.16M	USD	Annual
Total operating expenses	`OperatingExpenses`	$17.93M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-17.85M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-19.08M	USD	Annual
Foreign currency transaction loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-415.00K	USD	Annual
Foreign currency transaction loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-232.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-33.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-32.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-79.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	$-3.00K	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	$-11.00K	USD	Annual
Total other loss, net	`NonoperatingIncomeExpense`	$-481.00K	USD	Annual
Total other loss, net	`NonoperatingIncomeExpense`	$-354.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-19.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-18.21M	USD	Annual
Unrealized foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$210.00K	USD	Annual
Unrealized foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$415.00K	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$415.00K	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$210.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-18.00M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-19.15M	USD	Annual
Basic	`EarningsPerShareBasic`	$-37.88	USD	Annual
Basic	`EarningsPerShareBasic`	$-14.12	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-14.12	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-37.88	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.39M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	480,688.00	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	480,688.00	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.39M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-18.21M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$136.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$167.00K	USD	Annual
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	$245.00K	USD	Annual
Amortization of right-of-use assets	`AmortizationOfRightOfUseAssets`	$225.00K	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestment`	$-3.00K	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestment`	$-10.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$870.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$452.00K	USD	Annual
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$50.00K	USD	Annual
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.00K	USD	Annual
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.00K	USD	Annual
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$414.00K	USD	Annual
Trade and other payables	`IncreasedecreaseInAccountsAndOtherPayables`	$1.36M	USD	Annual
Trade and other payables	`IncreasedecreaseInAccountsAndOtherPayables`	$1.09M	USD	Annual
Accrued employee benefit payable	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$73.00K	USD	Annual
Accrued employee benefit payable	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$80.00K	USD	Annual
Lease liability	`IncreaseDecreaseInLeaseLiabilities`	$-252.00K	USD	Annual
Lease liability	`IncreaseDecreaseInLeaseLiabilities`	$-196.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.90M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.01M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00K	USD	Annual
Proceeds from issues of shares and pre-funded warrants	`ProceedsFromIssuanceOfCommonStock`	$17.88M	USD	Annual
Share issue transaction costs	`PaymentsOfStockIssuanceCosts`	$1.87M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.02M	USD	Annual
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$204.00K	USD	Annual
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$412.00K	USD	Annual
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.59M	USD	Annual
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-15.71M	USD	Annual
Cash, cash equivalents, and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.49M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.08M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.78M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.49M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.08M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.48M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$14.00K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$13.00K	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.49M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.08M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.78M	USD	Point-in-time
Re-measurement of operating lease right-of-use assets and liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Re-measurement of operating lease right-of-use assets and liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$794.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Payments For Stock Issuance Costs	`PaymentsOfStockIssuanceCosts`	$1.87M	USD	Annual
Balance at the beginning	`StockholdersEquity`	$202.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$20.01M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$2.88M	USD	Point-in-time
Issuance of common stock and pre-funded warrants sold for cash, net of offering costs of $1,869	`IssuanceAndExerciseOfPrefundedAndCommonWarrantsNetOfTransactionCosts`	$16.02M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$452.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$870.00K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$210.00K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$415.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-19.56M	USD	Annual
Net loss	`NetIncomeLoss`	$-18.21M	USD	Annual
Balance at end	`StockholdersEquity`	$202.00K	USD	Point-in-time
Balance at end	`StockholdersEquity`	$20.01M	USD	Point-in-time
Balance at end	`StockholdersEquity`	$2.88M	USD	Point-in-time

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