10-K Filing

RELMADA THERAPEUTICS, INC. CIK: 1553643 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001213900-18-013238`
Period End Date	20180630
Filing Date	20180928
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	rlmd-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 26 Cash Flow Statement 61 Stockholders Equity 16

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Promissory notes payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	USD	Point-in-time
Promissory notes payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$4.55M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	$7.62K	USD	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	$232.60K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Lease payments receivable - short term	`LeaseIncentiveReceivableCurrent`	$64.49K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Lease payments receivable - short term	`LeaseIncentiveReceivableCurrent`	$59.32K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$426.92K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$472.49K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.47M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.55M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$2.31K	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$12.08K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.53M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.53M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.55M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.79K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.96K	USD	Point-in-time
Lease payments receivable - long term	`LeaseIncentiveReceivableNoncurrent`	$337.73K	USD	Point-in-time
Lease payments receivable - long term	`LeaseIncentiveReceivableNoncurrent`	$273.24K	USD	Point-in-time
Total assets	`Assets`	$2.84M	USD	Point-in-time
Total assets	`Assets`	$3.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$529.56K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$765.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$659.46K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$394.56K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$285.17K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$276.67K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$4.19M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$175.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.90M	USD	Point-in-time
Promissory notes payable, net of discount of $4,548,543 and $0	`LongTermNotesPayable`	$2.66M	USD	Point-in-time
Promissory notes payable, net of discount of $4,548,543 and $0	`LongTermNotesPayable`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.56M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 12,549,870 and 12,528,374 shares issued and outstanding, respectively	`CommonStockValue`	$12.53K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 12,549,870 and 12,528,374 shares issued and outstanding, respectively	`CommonStockValue`	$12.55K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$86.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-94.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-85.38M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$1.46M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-5.51M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$7.04M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.84M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.05M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$2.94M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.29M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.93M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.97M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.92M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.22M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-6.92M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-7.22M	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-708.90K	USD	Annual
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$716.65K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-550.00	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-1.34M	USD	Annual
Sublease income	`SubleaseIncome`	$211.02K	USD	Annual
Sublease income	`SubleaseIncome`	$2.35K	USD	Annual
Gain on assignment of office lease	`GainOnAssignmentOfOfficeLease`	-	USD	Annual
Gain on assignment of office lease	`GainOnAssignmentOfOfficeLease`	$101.60K	USD	Annual
Loss on sales-type lease of fixed assets	`LossOnSalesTypeLeaseOfFixedAssets`	$96.40K	USD	Annual
Loss on sales-type lease of fixed assets	`LossOnSalesTypeLeaseOfFixedAssets`	-	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$932.31K	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$-2.04M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.29M	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.52	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.71	USD	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.55M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.07M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.29M	USD	Annual
Depreciation expense	`Depreciation`	$85.27K	USD	Annual
Depreciation expense	`Depreciation`	$2.63K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$518.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$704.45K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDebtDiscountPremium`	$1.03M	USD	Annual
Loss on sales-type lease of fixed assets	`GainLossOnDispositionOfIntangibleAssets`	$-96.40K	USD	Annual
Loss on sales-type lease of fixed assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	Annual
Gain on lease assignment	`GainOnLeaseAssignment`	-	USD	Annual
Gain on lease assignment	`GainOnLeaseAssignment`	$101.60K	USD	Annual
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$708.90K	USD	Annual
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-716.65K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-370.33K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-42.74K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-224.98K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$655.00	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-392.39K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-59.32K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-730.15K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$157.39K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$215.63K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-279.61K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.47M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.00M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$12.39K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$49.69K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.69K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.39K	USD	Annual
Proceeds from promissory notes and warrants, net of fees	`ProceedsFromNotesPayable`	$6.53M	USD	Annual
Proceeds from promissory notes and warrants, net of fees	`ProceedsFromNotesPayable`	-	USD	Annual
Payment on notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-273.67K	USD	Annual
Payment on notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$8.50K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-273.67K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.54M	USD	Annual
Net Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.79M	USD	Annual
Net Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$528.43K	USD	Annual
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.50M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.50M	USD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Interest	`InterestPaidNet`	$2.65K	USD	Annual
Interest	`InterestPaidNet`	$2.56K	USD	Annual
Notes payable issued in connection with director and officer insurance policies	`IssuanceOfDebtInConnectionWithCompensationPolicy`	$285.17K	USD	Annual
Notes payable issued in connection with director and officer insurance policies	`IssuanceOfDebtInConnectionWithCompensationPolicy`	$276.67K	USD	Annual
Derivative liabilities associated with issuance of promissory notes	`DerivativeLiabilitiesOfPromissoryNotes`	-	USD	Annual
Derivative liabilities associated with issuance of promissory notes	`DerivativeLiabilitiesOfPromissoryNotes`	$3.31M	USD	Annual
Issuance of warrants to promissory notes payable placement agent	`IssuanceOfWarrants`	-	USD	Annual
Issuance of warrants to promissory notes payable placement agent	`IssuanceOfWarrants`	$200.66K	USD	Annual
Issuance of warrants to holders of promissory notes payable	`IssuanceOfWarrantsToHolders`	-	USD	Annual
Issuance of warrants to holders of promissory notes payable	`IssuanceOfWarrantsToHolders`	$1.27M	USD	Annual
Cashless exercise of warrants for common stock	`CashlessEexerciseOfWarrants`	$18.00	USD	Annual
Cashless exercise of warrants for common stock	`CashlessEexerciseOfWarrants`	$487.00	USD	Annual
Issuance of restricted stock for service	`IssuanceOfRestrictedStockForService`	$6.00	USD	Annual
Issuance of restricted stock for service	`IssuanceOfRestrictedStockForService`	$4.00	USD	Annual
Reclassification of long-term liabilities to accrued expense	`ReclassificationOfLongTermLiabilities`	$39.38K	USD	Annual
Reclassification of long-term liabilities to accrued expense	`ReclassificationOfLongTermLiabilities`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.04M	USD	Point-in-time
Issuance of restricted common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Issuance of restricted common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$4.00	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$704.45K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$518.00K	USD	Annual
Issuance of common stock for cashless exercises of warrants from consultants and Series A Preferred Stock warrant holder	`IssuanceOfCommonStockForExercisesOfWarrantsFromConsultantsAndSeriesPreferredStockWarrantHolder`	-	USD	Annual
Issuance of common stock for cashless exercises of warrants from consultants and Series A Preferred Stock warrant holder	`IssuanceOfCommonStockForExercisesOfWarrantsFromConsultantsAndSeriesPreferredStockWarrantHolder`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-8.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.29M	USD	Annual
Issuance of warrants to promissory notes payable placement agent	`StockIssuedDuringPeriodValueOfWarrantsToPromissoryNotes`	$200.66K	USD	Annual
Issuance of warrants to holders of promissory notes payable	`StockIssuedDuringPeriodValueWarrantsToHolders`	$1.27M	USD	Annual
Balance	`StockholdersEquity`	$1.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.04M	USD	Point-in-time

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