10-Q Filing

Silo Pharma, Inc. CIK: 1514183 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-015752`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	cik0001514183-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 52 Cash Flow Statement 44 Stockholders Equity 12

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Equity investments cost	`InvestmentOwnedAtCost`	$45.54K	USD	Point-in-time
Equity investments cost	`InvestmentOwnedAtCost`	$876.36K	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, par value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, par value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equity investments, at fair value (cost of $45,538 and $876,358 at September 30, 2018 and December 31, 2017, respectively)	`EquitySecuritiesFvNi`	$391.70K	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	5.00M	shares	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	5.00M	shares	Point-in-time
Equity investments, at fair value (cost of $45,538 and $876,358 at September 30, 2018 and December 31, 2017, respectively)	`EquitySecuritiesFvNi`	$1.32M	USD	Point-in-time
Equity investments	`EquityMethodInvestmentAggregateCost`	-	USD	Point-in-time
Equity investments	`EquityMethodInvestmentAggregateCost`	$12.77K	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares designated	`TemporaryEquitySharesDesignated`	1.00M	shares	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares designated	`TemporaryEquitySharesDesignated`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$301.69K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$294.59K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$626.12K	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares issued	`TemporaryEquitySharesIssued`	4,000.00	shares	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares issued	`TemporaryEquitySharesIssued`	4,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$579.21K	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares outstanding	`TemporaryEquitySharesOutstanding`	4,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$22.17K	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, shares outstanding	`TemporaryEquitySharesOutstanding`	4,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$26.57K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.05M	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, per share redemption value	`TemporaryEquityRedemptionPricePerShare`	$100.00	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, per share redemption value	`TemporaryEquityRedemptionPricePerShare`	$100.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.64M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note receivable	`AccountsAndNotesReceivableNet`	-	USD	Point-in-time
Note receivable	`AccountsAndNotesReceivableNet`	$100.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.08M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.08M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$282.50K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$382.50K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.08M	shares	Point-in-time
Total Other Assets	`AssetsNoncurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.08M	shares	Point-in-time
Total Assets	`Assets`	$1.64M	USD	Point-in-time
Total Assets	`Assets`	$1.44M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.34K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.73K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$28.73K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$38.34K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 1,000,000 shares designated; 4,000 shares issued and outstanding at September 30, 2018 and December 31, 2017 ($100 per share redemption value)	`TemporaryEquityCarryingAmountAttributableToParent`	$400.00K	USD	Point-in-time
Redeemable Series A, Convertible Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 1,000,000 shares designated; 4,000 shares issued and outstanding at September 30, 2018 and December 31, 2017 ($100 per share redemption value)	`TemporaryEquityCarryingAmountAttributableToParent`	$400.00K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 52,082,441 and 50,082,441 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$5.01K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 52,082,441 and 50,082,441 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$5.21K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.17M	USD	Point-in-time
Accumulated net investment loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-470.39K	USD	Point-in-time
Accumulated net investment loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated undistributed net realized loss on investments	`AccumulatedUndistributedNetRealizedLossOnInvestments`	-	USD	Point-in-time
Accumulated undistributed net realized loss on investments	`AccumulatedUndistributedNetRealizedLossOnInvestments`	$-651.53K	USD	Point-in-time
Unrealized appreciation on investments	`UnrealizedAppreciationOnInvestments`	$448.87K	USD	Point-in-time
Unrealized appreciation on investments	`UnrealizedAppreciationOnInvestments`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.17M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$846.51K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.20M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$996.16K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.01M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.64M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.44M	USD	Point-in-time
Net Asset Value per Common Share	`NetAssetValuePerShare`	$0.02	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$20.48K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$18.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.50K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$44.00	USD	3 Qtrs
Total investment income	`InvestmentIncomeNet`	$6.50K	USD	1 Quarter
Total investment income	`InvestmentIncomeNet`	$18.00	USD	1 Quarter
Total investment income	`InvestmentIncomeNet`	$44.00	USD	3 Qtrs
Total investment income	`InvestmentIncomeNet`	$20.48K	USD	3 Qtrs
Compensation expense	`ShareBasedCompensation`	$135.00K	USD	3 Qtrs
Compensation expense	`ShareBasedCompensation`	$115.00K	USD	3 Qtrs
Compensation expense	`ShareBasedCompensation`	$45.00K	USD	1 Quarter
Compensation expense	`ShareBasedCompensation`	$30.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$129.57K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$36.02K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$130.74K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$36.89K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$8.80K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$8.93K	USD	1 Quarter
Insurance expense	`GeneralInsuranceExpense`	$26.77K	USD	3 Qtrs
Insurance expense	`GeneralInsuranceExpense`	$26.40K	USD	3 Qtrs
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$-5.00K	USD	3 Qtrs
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$6.75K	USD	3 Qtrs
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.34K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.36K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$23.44K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.01K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$292.14K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$81.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$321.53K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$98.16K	USD	1 Quarter
NET INVESTMENT LOSS	`NetInvestmentGainLoss`	$-91.66K	USD	1 Quarter
NET INVESTMENT LOSS	`NetInvestmentGainLoss`	$-301.06K	USD	3 Qtrs
NET INVESTMENT LOSS	`NetInvestmentGainLoss`	$-292.10K	USD	3 Qtrs
NET INVESTMENT LOSS	`NetInvestmentGainLoss`	$-81.16K	USD	1 Quarter
Non-controlled/Non-affiliated investments	`RealizedInvestmentGainsLosses`	$-623.19K	USD	1 Quarter
Non-controlled/Non-affiliated investments	`RealizedInvestmentGainsLosses`	$-79.88K	USD	3 Qtrs
Non-controlled/Non-affiliated investments	`RealizedInvestmentGainsLosses`	$-80.91K	USD	1 Quarter
Non-controlled/Non-affiliated investments	`RealizedInvestmentGainsLosses`	$-101.72K	USD	3 Qtrs
Non-controlled/Non-affiliated investments	`UnrealizedGainLossOnInvestments`	$506.19K	USD	1 Quarter
Non-controlled/Non-affiliated investments	`UnrealizedGainLossOnInvestments`	$-102.71K	USD	3 Qtrs
Non-controlled/Non-affiliated investments	`UnrealizedGainLossOnInvestments`	$-346.57K	USD	1 Quarter
Non-controlled/Non-affiliated investments	`UnrealizedGainLossOnInvestments`	$530.59K	USD	3 Qtrs
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-117.00K	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-204.43K	USD	3 Qtrs
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$-427.49K	USD	1 Quarter
Net realized and unrealized gain (loss) on investments	`GainLossOnInvestments`	$450.71K	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$-519.14K	USD	1 Quarter
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$-198.16K	USD	1 Quarter
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$149.65K	USD	3 Qtrs
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$-496.53K	USD	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net (decrease) increase in net assets resulting from operations	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$-519.14K	USD	1 Quarter
Net (decrease) increase in net assets resulting from operations	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$-198.16K	USD	1 Quarter
Net (decrease) increase in net assets resulting from operations	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$149.65K	USD	3 Qtrs
Net (decrease) increase in net assets resulting from operations	`EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss`	$-496.53K	USD	3 Qtrs
Net realized loss on investments	`RealizedInvestmentGainsLosses`	$-623.19K	USD	1 Quarter
Net realized loss on investments	`RealizedInvestmentGainsLosses`	$-79.88K	USD	3 Qtrs
Net realized loss on investments	`RealizedInvestmentGainsLosses`	$-80.91K	USD	1 Quarter
Net realized loss on investments	`RealizedInvestmentGainsLosses`	$-101.72K	USD	3 Qtrs
Net unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$506.19K	USD	1 Quarter
Net unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$-102.71K	USD	3 Qtrs
Net unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$-346.57K	USD	1 Quarter
Net unrealized loss (gain) on investments	`UnrealizedGainLossOnInvestments`	$530.59K	USD	3 Qtrs
Proceeds from sale of investments	`GainLossOnSaleOfInvestments`	$-716.34K	USD	3 Qtrs
Proceeds from sale of investments	`GainLossOnSaleOfInvestments`	$-37.58K	USD	3 Qtrs
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$-5.00K	USD	3 Qtrs
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$6.75K	USD	3 Qtrs
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Increase in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$20.36K	USD	3 Qtrs
Increase in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-21.90K	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.27K	USD	3 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.61K	USD	3 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.70K	USD	3 Qtrs
Net Cash Provided by (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$431.52K	USD	3 Qtrs
Net Cash Provided by (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-277.52K	USD	3 Qtrs
Increase in note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	3 Qtrs
Increase in note receivable	`PaymentsToAcquireNotesReceivable`	$100.00K	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.00K	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$331.52K	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-277.52K	USD	3 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$301.69K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$294.59K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$626.12K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$579.21K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$301.69K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$294.59K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$626.12K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$579.21K	USD	Point-in-time
Interest receivable converted into investments	`InterestReceivableConvertedIntoInvestments`	-	USD	3 Qtrs
Interest receivable converted into investments	`InterestReceivableConvertedIntoInvestments`	$16.00K	USD	3 Qtrs
Common stock issued for acquisition of intangible assets and prepaid expenses	`CommonStockIssuedForAcquisitionOfIntangibleAssetsAndPrepaidExpenses`	-	USD	3 Qtrs
Common stock issued for acquisition of intangible assets and prepaid expenses	`CommonStockIssuedForAcquisitionOfIntangibleAssetsAndPrepaidExpenses`	$300.00K	USD	3 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$846.51K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$996.16K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.01M	USD	Point-in-time
Common stock issued for asset acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$300.00K	USD	3 Qtrs
Adoption of corporation accounting	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	-	USD	3 Qtrs
Net (decrease) increase in net assets resulting from operations	`IncreaseDecreaseInNetAssetsResultingFromOperations`	$149.65K	USD	3 Qtrs
Net (decrease) increase in net assets resulting from operations	`IncreaseDecreaseInNetAssetsResultingFromOperations`	$-496.53K	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$846.51K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$996.16K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.01M	USD	Point-in-time

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