10-Q Filing

IOVANCE BIOTHERAPEUTICS, INC. CIK: 1425205 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001513160-14-000060`
Period End Date	20140930
Filing Date	20141113
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	gnpb-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 52 Cash Flow Statement 52 Stockholders Equity 8

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$17.19M	USD	Point-in-time
Cash and cash equivalents	`Cash`	$19.67M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$16.00K	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.78K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$41.14K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$173.72K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.23M	USD	Point-in-time
Preferred Stock Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.85M	USD	Point-in-time
Preferred Stock Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $38,782 and $16,002	`PropertyPlantAndEquipmentNet`	$27.76K	USD	Point-in-time
Preferred Stock Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $38,782 and $16,002	`PropertyPlantAndEquipmentNet`	$170.99K	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	17,000.00	shares	Point-in-time
Deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$15.07K	USD	Point-in-time
Deposits	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	5,694.00	shares	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	17,000.00	shares	Point-in-time
Total assets	`Assets`	$17.42M	USD	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	5,694.00	shares	Point-in-time
Total assets	`Assets`	$19.87M	USD	Point-in-time
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common Stock Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$412.98K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$573.80K	USD	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	20.02M	shares	Point-in-time
Accrued expenses	`InterestPayableCurrent`	$1.52M	USD	Point-in-time
Accrued expenses	`InterestPayableCurrent`	$476.57K	USD	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	27.64M	shares	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	20.02M	shares	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	27.64M	shares	Point-in-time
Accrued payable to officers and former directors	`DueToRelatedPartiesCurrent`	$208.32K	USD	Point-in-time
Accrued payable to officers and former directors	`DueToRelatedPartiesCurrent`	$338.73K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.27M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.26M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 5,694 shares and 17,000 shares issued and outstanding, respectively	`PreferredStockValue`	$17.00	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 5,694 shares and 17,000 shares issued and outstanding, respectively	`PreferredStockValue`	$6.00	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 27,639,688 and 20,023,958 shares issued and outstanding, respectively	`CommonStockValue`	$835.00	USD	Point-in-time
Common stock, $0.000041666 par value; 150,000,000 shares authorized, 27,639,688 and 20,023,958 shares issued and outstanding, respectively	`CommonStockValue`	$1.15K	USD	Point-in-time
Common shares to be issued, 303,125 shares	`CommonSharesToBeIssuedWith12SecuredPromissoryNotes`	$245.15K	USD	Point-in-time
Common shares to be issued, 303,125 shares	`CommonSharesToBeIssuedWith12SecuredPromissoryNotes`	$245.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$87.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$81.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.53M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$16.16M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.60M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$19.87M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$17.42M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	-	USD	3 Qtrs
Revenues	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	-	USD	3 Qtrs
Revenues	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Share-Based Compensation	`ShareBasedCompensation`	$2.14M	USD	1 Quarter
Share-Based Compensation	`ShareBasedCompensation`	$939.28K	USD	1 Quarter
Share-Based Compensation	`ShareBasedCompensation`	$2.36M	USD	3 Qtrs
Share-Based Compensation	`ShareBasedCompensation`	$2.72M	USD	3 Qtrs
Operating expenses (including $939,283, $2,139,927, $2,720,639 and $2,360,345 in share based compensation costs)	`OperatingCostsAndExpenses`	$6.15M	USD	3 Qtrs
Operating expenses (including $939,283, $2,139,927, $2,720,639 and $2,360,345 in share based compensation costs)	`OperatingCostsAndExpenses`	$2.45M	USD	1 Quarter
Operating expenses (including $939,283, $2,139,927, $2,720,639 and $2,360,345 in share based compensation costs)	`OperatingCostsAndExpenses`	$3.67M	USD	3 Qtrs
Operating expenses (including $939,283, $2,139,927, $2,720,639 and $2,360,345 in share based compensation costs)	`OperatingCostsAndExpenses`	$2.46M	USD	1 Quarter
Cost of Lion transaction - related party	`CostOfLionTransaction`	-	USD	3 Qtrs
Cost of Lion transaction - related party	`CostOfLionTransaction`	-	USD	1 Quarter
Cost of Lion transaction - related party	`CostOfLionTransaction`	$6.70M	USD	1 Quarter
Cost of Lion transaction - related party	`CostOfLionTransaction`	$6.70M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$770.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$353.88K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$250.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.02M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$11.14M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$2.80M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$7.17M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$9.41M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.41M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.17M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.14M	USD	3 Qtrs
Interest (expense) income	`InterestExpense`	$-4.19K	USD	1 Quarter
Interest (expense) income	`InterestExpense`	$-4.19K	USD	3 Qtrs
Interest (expense) income	`InterestExpense`	-	USD	1 Quarter
Interest (expense) income	`InterestExpense`	$445.74K	USD	3 Qtrs
Cost to induce exchange transaction	`CostToInduceExchangeTransaction`	-	USD	3 Qtrs
Cost to induce exchange transaction	`CostToInduceExchangeTransaction`	-	USD	1 Quarter
Cost to induce exchange transaction	`CostToInduceExchangeTransaction`	-	USD	1 Quarter
Cost to induce exchange transaction	`CostToInduceExchangeTransaction`	$2.30M	USD	3 Qtrs
Total other (expense) income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other (expense) income	`OtherNonoperatingIncomeExpense`	$4.19K	USD	3 Qtrs
Total other (expense) income	`OtherNonoperatingIncomeExpense`	$4.19K	USD	1 Quarter
Total other (expense) income	`OtherNonoperatingIncomeExpense`	$-2.74M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-13.88M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-9.41M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-7.17M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-1.97	USD	3 Qtrs
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	3 Qtrs
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.66	USD	1 Quarter
Net Loss Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.11M	shares	3 Qtrs
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.04M	shares	3 Qtrs
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.63M	shares	1 Quarter
Weighted-Average Common Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.15M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-13.88M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.78K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.90K	USD	3 Qtrs
Fair value of vested stock options	`StockOptionPlanExpense`	$1.90M	USD	3 Qtrs
Fair value of vested stock options	`StockOptionPlanExpense`	$357.36K	USD	3 Qtrs
Amortization of discount on convertible notes	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$445.74K	USD	3 Qtrs
Amortization of discount on convertible notes	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$824.93K	USD	3 Qtrs
Common stock issued to induce exchange transaction	`CommonStockIssuedToInduceExchangeTransaction`	$2.30M	USD	3 Qtrs
Common stock issued to induce exchange transaction	`CommonStockIssuedToInduceExchangeTransaction`	-	USD	3 Qtrs
Common stock issued for Lion transaction	`CommonStockIssuedForLionTransaction`	$6.70M	USD	3 Qtrs
Common stock issued for Lion transaction	`CommonStockIssuedForLionTransaction`	-	USD	3 Qtrs
Common stock issued to directors	`CommonStockIssuedToDirectors`	$2.00M	USD	3 Qtrs
Common stock issued to directors	`CommonStockIssuedToDirectors`	-	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.60K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-132.57K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDemandDeposits`	$-15.07K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDemandDeposits`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$670.59K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.01M	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.41M	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.32M	USD	3 Qtrs
Purchases of computer equipment and furniture	`PaymentsToAcquirePropertyPlantAndEquipment`	$166.01K	USD	3 Qtrs
Purchases of computer equipment and furniture	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.70K	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-166.01K	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.70K	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of warrants	`ProceedsFromIssuanceOfCommonStockUponConversionOfWarrants`	-	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of warrants	`ProceedsFromIssuanceOfCommonStockUponConversionOfWarrants`	$3.00M	USD	3 Qtrs
Proceeds from the issuance of convertible notes, net	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from the issuance of convertible notes, net	`ProceedsFromConvertibleDebt`	$311.50K	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.24M	USD	3 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	3 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.55M	USD	3 Qtrs
Net Increase (Decrease) In Cash And Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$129.80K	USD	3 Qtrs
Net Increase (Decrease) In Cash And Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.48M	USD	3 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$129.80K	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$129.80K	USD	Point-in-time
Common stock issued upon conversion of preferred stock	`CommonStockIssuedUponConversionOfPreferredStock`	-	USD	3 Qtrs
Common stock issued upon conversion of preferred stock	`CommonStockIssuedUponConversionOfPreferredStock`	$235.00	USD	3 Qtrs
Common stock issued upon conversion of accrued interest and penalty	`CommonStockIssuedUponConversionOfAccruedInterestAndPenalty`	$9.27M	USD	3 Qtrs
Common stock issued upon conversion of accrued interest and penalty	`CommonStockIssuedUponConversionOfAccruedInterestAndPenalty`	-	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$16.16M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$17.60M	USD	Point-in-time
Fair value of stock options	`FairValueOfStockOptions`	$1.90M	USD	3 Qtrs
Common stock issued upon exercise of warrants, Amount	`CommonStockIssuedUponExerciseOfWarrantsAmount`	$3.00M	USD	3 Qtrs
Common stock issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$824.93K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-7.17M	USD	3 Qtrs
Ending Balance, Amount	`StockholdersEquity`	$16.16M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$17.60M	USD	Point-in-time

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