10-Q Filing

RELMADA THERAPEUTICS, INC. CIK: 1553643 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-012693`
Period End Date	20200331
Filing Date	20200515
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	rlmd-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 22 Cash Flow Statement 58 Stockholders Equity 17

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.05M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$102.69M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$80.16M	USD	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	$7.53K	USD	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	-	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Lease payments receivable short term	`LeaseIncentiveReceivableCurrent`	$73.09K	USD	Point-in-time
Lease payments receivable short term	`LeaseIncentiveReceivableCurrent`	$74.63K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.94M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$423.86K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$246.01K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.46M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$115.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$116.94M	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$5.01K	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$3.96K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.00K	USD	Point-in-time
Lease payments receivable long term	`LeaseIncentiveReceivableNoncurrent`	$165.83K	USD	Point-in-time
Lease payments receivable long term	`LeaseIncentiveReceivableNoncurrent`	$146.59K	USD	Point-in-time
Total assets	`Assets`	$117.14M	USD	Point-in-time
Total assets	`Assets`	$115.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$522.66K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$824.94K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$110.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.46M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 14,940,668 and 14,457,013 shares issued and outstanding, respectively	`CommonStockValue`	$14.94K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 14,940,668 and 14,457,013 shares issued and outstanding, respectively	`CommonStockValue`	$14.46K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$235.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$243.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$115.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$473.90K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$113.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$117.14M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$115.42M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$4.51M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.43M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.47M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.70M	USD	1 Quarter
Interest/investment income, net	`InterestIncomeExpenseNet`	$407.65K	USD	1 Quarter
Interest/investment income, net	`InterestIncomeExpenseNet`	$15.94K	USD	1 Quarter
Realized loss on short-term investments	`RealizedLossOnShorttermInvestments`	-	USD	1 Quarter
Realized loss on short-term investments	`RealizedLossOnShorttermInvestments`	$171.61K	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedGainLossOnDerivatives`	$-934.92K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$-698.88K	USD	1 Quarter
Total other (expenses) income	`NonoperatingIncomeExpense`	$15.94K	USD	1 Quarter
Net loss	`ProfitLoss`	$-10.67M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.69M	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	1 Quarter
Loss per common share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.72	USD	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.74M	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.51M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.69M	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.05K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.07K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$394.69K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.04M	USD	1 Quarter
Fair value of shares relinquished in litigation	`FairValueOfSharesRelinquished`	$-394.41K	USD	1 Quarter
Fair value of shares relinquished in litigation	`FairValueOfSharesRelinquished`	-	USD	1 Quarter
Realized loss on short-term investments	`RealizedLossOnShorttermInvestments`	-	USD	1 Quarter
Realized loss on short-term investments	`RealizedLossOnShorttermInvestments`	$171.61K	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedLossOnSecurities`	$934.92K	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedLossOnSecurities`	-	USD	1 Quarter
Other receivable	`IncreaseDecreaseInOtherReceivables`	$7.53K	USD	1 Quarter
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$25.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Lease payment receivable	`IncreaseDecreaseInLeasingReceivables`	$-16.29K	USD	1 Quarter
Lease payment receivable	`IncreaseDecreaseInLeasingReceivables`	$-17.70K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-329.87K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-177.85K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$721.22K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$580.15K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-369.60K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$333.43K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.42M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.01M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireInvestments`	$37.23M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Sale of short-term investments	`PaymentsForProceedsFromInvestments`	-	USD	1 Quarter
Sale of short-term investments	`PaymentsForProceedsFromInvestments`	$-13.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.63M	USD	1 Quarter
Principal payments of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-110.25K	USD	1 Quarter
Principal payments of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-85.97K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfWarrants`	$1.73M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Proceeds from options exercised for common stock	`OptionsExercisedForCommonStock`	-	USD	1 Quarter
Proceeds from options exercised for common stock	`OptionsExercisedForCommonStock`	$73.02K	USD	1 Quarter
Proceeds from warrants exercised for common stock	`WarrantsExercisedForStock`	-	USD	1 Quarter
Proceeds from warrants exercised for common stock	`WarrantsExercisedForStock`	$3.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.64M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.05M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-372.90K	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$36.28M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.05M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$36.28M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.05M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest	`InterestPaidNet`	$2.42K	USD	1 Quarter
Interest	`InterestPaidNet`	$4.36K	USD	1 Quarter
Cashless exercise of warrants for common stock	`CashlessExerciseOfWarrantsForCommonStock`	$34.00	USD	1 Quarter
Cashless exercise of warrants for common stock	`CashlessExerciseOfWarrantsForCommonStock`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$115.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$473.90K	USD	Point-in-time
Balance	`StockholdersEquity`	$113.16M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$394.69K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$5.04M	USD	1 Quarter
Equity units issued for Cash	`StockIssuedDuringPeriodValueConversionOfUnits`	$1.73M	USD	1 Quarter
Shares relinquished	`StockIssuedDuringPeriodSharesRelinquished`	$-394.41K	USD	1 Quarter
Warrants exercised for cash	`StockIssuedDuringWarrantExercisedForCash`	$3.04M	USD	1 Quarter
Cashless warrant exercise	`StockIssuedDuringCashlessWarrantExercise`	-	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodStockOptionsExercised`	$73.02K	USD	1 Quarter
Net loss	`ProfitLoss`	$-10.67M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.69M	USD	1 Quarter
Balance	`StockholdersEquity`	$115.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$473.90K	USD	Point-in-time
Balance	`StockholdersEquity`	$113.16M	USD	Point-in-time

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