10-Q Filing

RELMADA THERAPEUTICS, INC. CIK: 1553643 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-025786`
Period End Date	20210331
Filing Date	20210512
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	rlmd-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 22 Cash Flow Statement 52 Stockholders Equity 17

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$98.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$114.60M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Lease payments receivable short term	`LeaseIncentiveReceivableCurrent`	$79.46K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Lease payments receivable short term	`LeaseIncentiveReceivableCurrent`	$81.13K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$990.70K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$903.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$103.78M	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
Common stock, shares issued	`CommonStockSharesIssued`	16.75M	shares	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.26K	USD	Point-in-time
Fixed assets, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$452.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.33M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.75M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.33M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.00K	USD	Point-in-time
Lease payments receivable long term	`LeaseIncentiveReceivableNoncurrent`	$86.38K	USD	Point-in-time
Lease payments receivable long term	`LeaseIncentiveReceivableNoncurrent`	$65.45K	USD	Point-in-time
Total assets	`Assets`	$103.87M	USD	Point-in-time
Total assets	`Assets`	$118.19M	USD	Point-in-time
Commitments and Contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (See Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.35M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.26M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60M	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, 16,748,055 and 16,332,939 shares issued and outstanding, respectively	`CommonStockValue`	$16.75K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 16,748,055 and 16,332,939 shares issued and outstanding, respectively	`CommonStockValue`	$16.33K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$292.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$284.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-179.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-201.53M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$105.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$91.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$113.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$115.68M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$103.87M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$118.19M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$14.02M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.41M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-22.41M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.97M	USD	1 Quarter
Interest/investment income, net	`InterestIncomeExpenseNet`	$419.97K	USD	1 Quarter
Interest/investment income, net	`InterestIncomeExpenseNet`	$407.65K	USD	1 Quarter
Realized loss on short-term investments	`RealizedInvestmentGainsLosses`	$-171.61K	USD	1 Quarter
Realized loss on short-term investments	`RealizedInvestmentGainsLosses`	$-52.79K	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedGainLossOnInvestments`	$-934.92K	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedGainLossOnInvestments`	$-177.16K	USD	1 Quarter
Total other income (expenses), net	`NonoperatingIncomeExpense`	$-698.88K	USD	1 Quarter
Total other income (expenses), net	`NonoperatingIncomeExpense`	$190.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.22M	USD	1 Quarter
Net loss per common share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.34	USD	1 Quarter
Net loss per common share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.72	USD	1 Quarter
Weighted average number of common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.74M	shares	1 Quarter
Weighted average number of common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.57M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-10.67M	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.22M	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.05K	USD	1 Quarter
Depreciation expense	`Depreciation`	$806.00	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.04M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.85M	USD	1 Quarter
Realized loss on short-term investments	`RealizedInvestmentGainsLosses`	$-171.61K	USD	1 Quarter
Realized loss on short-term investments	`RealizedInvestmentGainsLosses`	$-52.79K	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedGainLossOnInvestments`	$-934.92K	USD	1 Quarter
Unrealized loss on short-term investments	`UnrealizedGainLossOnInvestments`	$-177.16K	USD	1 Quarter
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
Other receivable	`IncreaseDecreaseInOtherReceivables`	$7.53K	USD	1 Quarter
Lease payment receivable	`IncreaseDecreaseInLeasingReceivables`	$-19.25K	USD	1 Quarter
Lease payment receivable	`IncreaseDecreaseInLeasingReceivables`	$-17.70K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$87.50K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-177.85K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$580.15K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-263.68K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$333.43K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$379.60K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.09M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.42M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireInvestments`	$20.66M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireInvestments`	$37.23M	USD	1 Quarter
Sale of short-term investments	`GainLossOnSaleOfInvestments`	$-36.13M	USD	1 Quarter
Sale of short-term investments	`GainLossOnSaleOfInvestments`	$-13.60M	USD	1 Quarter
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$15.47M	USD	1 Quarter
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.63M	USD	1 Quarter
Principal payments of notes payable	`RepaymentsOfNotesPayable`	$110.25K	USD	1 Quarter
Principal payments of notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds from options exercised for common stock	`ProceedsFromStockOptionsExercised`	$73.02K	USD	1 Quarter
Proceeds from options exercised for common stock	`ProceedsFromStockOptionsExercised`	$467.77K	USD	1 Quarter
Proceeds from warrants exercised for common stock	`ProceedsFromWarrantExercises`	$1.46M	USD	1 Quarter
Proceeds from warrants exercised for common stock	`ProceedsFromWarrantExercises`	$3.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.93M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.31M	USD	1 Quarter
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-24.05M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	USD	Point-in-time
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`	$2.50M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.80M	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`	$2.50M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.23M	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`	-	USD	1 Quarter
Cashless exercise of warrants for common stock	`CashlessEexerciseOfWarrants`	-	USD	1 Quarter
Cashless exercise of warrants for common stock	`CashlessEexerciseOfWarrants`	$34.00	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$105.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$91.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$113.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$115.68M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$5.04M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$5.85M	USD	1 Quarter
Warrants exercised for cash	`ProceedsFromWarrantExercises`	$1.46M	USD	1 Quarter
Warrants exercised for cash	`ProceedsFromWarrantExercises`	$3.04M	USD	1 Quarter
Cashless warrant exercise	`CashlessExerciseOfWarrantsValue`	-	USD	1 Quarter
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$73.02K	USD	1 Quarter
Options exercised for cash	`OptionsExercisedForCash`	$467.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.22M	USD	1 Quarter
Balance	`StockholdersEquity`	$105.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$91.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$113.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$115.68M	USD	Point-in-time

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