10-Q Filing

RELMADA THERAPEUTICS, INC. CIK: 1553643 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-002391`
Period End Date	20181231
Filing Date	20190213
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	rlmd-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 52 Cash Flow Statement 70 Stockholders Equity 17

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Promissory notes payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$4.55M	USD	Point-in-time
Promissory notes payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	$7.62K	USD	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	-	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`	$67.23K	USD	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$537.66K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.74M	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
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$12.08K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.55M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$9.37K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.76M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.55M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.91K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.76M	shares	Point-in-time
Lease payments receivable - long-term	`LeaseIncentiveReceivableNoncurrent`	$238.93K	USD	Point-in-time
Lease payments receivable - long-term	`LeaseIncentiveReceivableNoncurrent`	$273.24K	USD	Point-in-time
Total assets	`Assets`	$3.05M	USD	Point-in-time
Total assets	`Assets`	$3.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$765.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$358.89K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.39M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$659.46K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$114.74K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$285.17K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$4.19M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.86M	USD	Point-in-time
Promissory notes payable, net of discount of $0 and $4,548,543	`LongTermNotesPayable`	-	USD	Point-in-time
Promissory notes payable, net of discount of $0 and $4,548,543	`LongTermNotesPayable`	$2.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.86M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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, 29,764,210 and 12,549,870 shares issued and outstanding, respectively	`CommonStockValue`	$12.55K	USD	Point-in-time
Common stock, $0.001 par value,100,000,000 shares authorized, 29,764,210 and 12,549,870 shares issued and outstanding, respectively	`CommonStockValue`	$29.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$106.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-94.34M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$1.43M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-8.68M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-5.51M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.05M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.30M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$316.47K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.26M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$150.72K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.68M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.12M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.21M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.22M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$3.48M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.44M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.46M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$5.89M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-2.44M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-5.89M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-1.46M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-3.48M	USD	1 Quarter
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$341.11K	USD	1 Quarter
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$263.91K	USD	1 Quarter
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-54.64K	USD	2 Qtrs
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$335.40K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.77M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.77M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-139.76K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-311.87K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-309.35K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-790.09K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$2.35K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$28.41K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-4.62M	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$29.23K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-3.65M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.51M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.41M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.38M	USD	1 Quarter
Loss per common share - basic	`EarningsPerShareBasic`	$-0.55	USD	2 Qtrs
Loss per common share - basic	`EarningsPerShareBasic`	$-0.19	USD	2 Qtrs
Loss per common share - basic	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Loss per common share - basic	`EarningsPerShareBasic`	$-0.28	USD	1 Quarter
Loss per common share - diluted	`EarningsPerShareDiluted`	$-0.55	USD	2 Qtrs
Loss per common share - diluted	`EarningsPerShareDiluted`	$-0.28	USD	1 Quarter
Loss per common share - diluted	`EarningsPerShareDiluted`	$-0.19	USD	2 Qtrs
Loss per common share - diluted	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.55M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.58M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.54M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.07M	shares	2 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.51M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.41M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.38M	USD	1 Quarter
Depreciation expense	`Depreciation`	$2.71K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$1.13K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$202.91K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$415.84K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDebtDiscountPremium`	$661.17K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDebtDiscountPremium`	$207.78K	USD	2 Qtrs
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$341.11K	USD	1 Quarter
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$263.91K	USD	1 Quarter
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-54.64K	USD	2 Qtrs
Change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$335.40K	USD	2 Qtrs
Fair value of shares relinquished in litigation	`FairValueOfSharesRelinquishedInLitigation`	-	USD	2 Qtrs
Fair value of shares relinquished in litigation	`FairValueOfSharesRelinquishedInLitigation`	$394.41K	USD	2 Qtrs
Loss on promissory note extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on promissory note extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-3.77M	USD	1 Quarter
Loss on promissory note extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-3.77M	USD	2 Qtrs
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-232.60K	USD	2 Qtrs
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-7.62K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.88K	USD	2 Qtrs
Lease payment receivable	`IncreaseDecreaseInLeasePaymentReceivable`	$-29.04K	USD	2 Qtrs
Lease payment receivable	`IncreaseDecreaseInLeasePaymentReceivable`	$-31.57K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$110.74K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-232.04K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-322.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-406.55K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$50.27K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.65M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.82M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.11M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	$2.59K	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquireProductiveAssets`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.59K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from promissory notes and warrants, net of fees	`ProceedsFromNotesPayable`	$6.51M	USD	2 Qtrs
Proceeds from promissory notes and warrants, net of fees	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Principal payments of notes payable	`RepaymentsOfNotesPayable`	$165.44K	USD	2 Qtrs
Principal payments of notes payable	`RepaymentsOfNotesPayable`	$170.43K	USD	2 Qtrs
Net proceeds from sale of units	`ProceedsFromIssuanceOrSaleOfEquity`	$5.18M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.01M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.34M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.23M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$187.81K	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.94M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.94M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	$2.13K	USD	2 Qtrs
Interest	`InterestPaidNet`	$1.51K	USD	2 Qtrs
Issuances of common stock resulting from cashless exercise of warrants	`IssuancesOfCommonStockResultingFromCashlessExerciseOfWarrants`	-	USD	2 Qtrs
Issuances of common stock resulting from cashless exercise of warrants	`IssuancesOfCommonStockResultingFromCashlessExerciseOfWarrants`	$17.00	USD	2 Qtrs
Warrants issued to placement agent	`WarrantsIssuedToPlacementAgent`	-	USD	2 Qtrs
Warrants issued to placement agent	`WarrantsIssuedToPlacementAgent`	$200.66K	USD	2 Qtrs
Warrants issued to promissory note holders	`WarrantsIssuedToPromissoryNoteHolders`	-	USD	2 Qtrs
Warrants issued to promissory note holders	`WarrantsIssuedToPromissoryNoteHolders`	$1.27M	USD	2 Qtrs
Derivative associated with issuance of promissory notes	`DerivativeAssociatedWithIssuanceOfPromissoryNotes`	-	USD	2 Qtrs
Derivative associated with issuance of promissory notes	`DerivativeAssociatedWithIssuanceOfPromissoryNotes`	$3.84M	USD	2 Qtrs
Debt issuance cost from accrued financing fees	`DebtIssuanceCostFromAccruedFinancingFees`	$127.76K	USD	2 Qtrs
Debt issuance cost from accrued financing fees	`DebtIssuanceCostFromAccruedFinancingFees`	-	USD	2 Qtrs
Write-off of derivative liability due to adoption of ASU 2017-11	`WriteoffOfDerivativeLiabilityDueToAdoptionOfAsu`	$59.40K	USD	2 Qtrs
Conversion of promissory notes and accrued interest to common stock	`ConversionOfPromissoryNotesAndAccruedInterestToCommonStock`	$8.03M	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.43M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-8.68M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-5.51M	USD	Point-in-time
Cumulative effect of write-off of derivative liability for adoption of ASU 2017-11	`WriteoffOfSeriesDerivativeLiabilityForAdoptionValue`	$59.40K	USD	1 Quarter
Adjusted Balances as at June 30, 2018	`StockholdersEquityAdjustedBalances`	$-5.45M	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$263.04K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$152.80K	USD	1 Quarter
Conversion of Notes and accrued interest	`StockIssuedDuringPeriodValueConversionOfUnits`	$11.80M	USD	1 Quarter
Equity units issued for cash	`StockIssuedDuringPeriodValueOther`	$5.18M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.51M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.41M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.38M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.43M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-8.68M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-5.51M	USD	Point-in-time

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