10-Q Filing

BIO-PATH HOLDINGS, INC. CIK: 1133818 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-019024`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	bpth-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 46 Cash Flow Statement 37 Stockholders Equity 22

Balance Sheet 64 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`	10.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$2.35M	USD	Point-in-time
Cash	`Cash`	$10.38M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$632.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.59M	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.82M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.64M	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.62M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.80M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	7.96M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	11.46M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	11.46M	shares	Point-in-time
Furniture, fixtures & equipment	`PropertyPlantAndEquipmentGross`	$1.12M	USD	Point-in-time
Furniture, fixtures & equipment	`PropertyPlantAndEquipmentGross`	$1.12M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	7.96M	shares	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$962.00K	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.03M	USD	Point-in-time
Furniture, fixtures & equipment, net	`PropertyPlantAndEquipmentNet`	$92.00K	USD	Point-in-time
Furniture, fixtures & equipment, net	`PropertyPlantAndEquipmentNet`	$158.00K	USD	Point-in-time
Right of use operating assets	`OperatingLeaseRightOfUseAsset`	$127.00K	USD	Point-in-time
Right of use operating assets	`OperatingLeaseRightOfUseAsset`	$198.00K	USD	Point-in-time
Total Assets	`Assets`	$5.02M	USD	Point-in-time
Total Assets	`Assets`	$15.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$667.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$277.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$909.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$964.00K	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$108.00K	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$116.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.68M	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	-	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$1.11M	USD	Point-in-time
Noncurrent lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$25.00K	USD	Point-in-time
Noncurrent lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$113.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.80M	USD	Point-in-time
Preferred stock, $.001 par value; 10,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value; 10,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value; 200,000 shares authorized; 11,460 and 7,960 shares issued and outstanding, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common stock, $.001 par value; 200,000 shares authorized; 11,460 and 7,960 shares issued and outstanding, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$106.75M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$105.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-91.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$16.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$14.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$25.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$19.52M	USD	Point-in-time
Total Liabilities & Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.02M	USD	Point-in-time
Total Liabilities & Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.97M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$9.33M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.29M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.30M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.48M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$984.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.61M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$12.81M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.91M	USD	3 Qtrs
Net operating loss	`OperatingIncomeLoss`	$-12.81M	USD	3 Qtrs
Net operating loss	`OperatingIncomeLoss`	$-3.55M	USD	1 Quarter
Net operating loss	`OperatingIncomeLoss`	$-3.28M	USD	1 Quarter
Net operating loss	`OperatingIncomeLoss`	$-9.91M	USD	3 Qtrs
Change in fair value of warrant liability	`IncomeRecognizedFromFairValueAdjustmentOfWarrants`	$72.00K	USD	1 Quarter
Change in fair value of warrant liability	`IncomeRecognizedFromFairValueAdjustmentOfWarrants`	$72.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$13.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$32.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$11.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$11.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$13.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$104.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.90M	USD	3 Qtrs
Net loss per share, basic	`EarningsPerShareBasic`	$-1.47	USD	3 Qtrs
Net loss per share, basic	`EarningsPerShareBasic`	$-0.49	USD	1 Quarter
Net loss per share, basic	`EarningsPerShareBasic`	$-0.32	USD	1 Quarter
Net loss per share, basic	`EarningsPerShareBasic`	$-1.38	USD	3 Qtrs
Weighted average number of common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.16M	shares	1 Quarter
Weighted average number of common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.16M	shares	3 Qtrs
Weighted average number of common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.05M	shares	1 Quarter
Weighted average number of common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.66M	shares	3 Qtrs
Net loss per share, diluted	`EarningsPerShareDiluted`	$-0.49	USD	1 Quarter
Net loss per share, diluted	`EarningsPerShareDiluted`	$-1.38	USD	3 Qtrs
Net loss per share, diluted	`EarningsPerShareDiluted`	$-1.47	USD	3 Qtrs
Net loss per share, diluted	`EarningsPerShareDiluted`	$-0.32	USD	1 Quarter
Weighted average number of common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.16M	shares	3 Qtrs
Weighted average number of common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.05M	shares	1 Quarter
Weighted average number of common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.66M	shares	3 Qtrs
Weighted average number of common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.16M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.90M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$554.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$642.00K	USD	3 Qtrs
Amortization of right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$67.00K	USD	3 Qtrs
Amortization of right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$71.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$65.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$66.00K	USD	3 Qtrs
Change in fair value of warrant liability	`IncomeRecognizedFromFairValueAdjustmentOfWarrants`	$72.00K	USD	1 Quarter
Change in fair value of warrant liability	`IncomeRecognizedFromFairValueAdjustmentOfWarrants`	$72.00K	USD	3 Qtrs
Prepaid drug product	`IncreaseDecreaseInPrepaidExpense`	$-2.96M	USD	3 Qtrs
Prepaid drug product	`IncreaseDecreaseInPrepaidExpense`	$1.82M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$174.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$297.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-335.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.22M	USD	3 Qtrs
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-74.00K	USD	3 Qtrs
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-80.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.72M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.10M	USD	3 Qtrs
Purchases of furniture, fixtures & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00K	USD	3 Qtrs
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.69M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.69M	USD	3 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.03M	USD	3 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.12M	USD	3 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.38M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.65M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.77M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.38M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.65M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.77M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35M	USD	Point-in-time
Right of use asset recognized in exchange for lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$85.00K	USD	3 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Opening Balance	`StockholdersEquity`	$2.52M	USD	Point-in-time
Opening Balance	`StockholdersEquity`	$16.20M	USD	Point-in-time
Opening Balance	`StockholdersEquity`	$14.17M	USD	Point-in-time
Opening Balance	`StockholdersEquity`	$5.04M	USD	Point-in-time
Opening Balance	`StockholdersEquity`	$25.46M	USD	Point-in-time
Opening Balance	`StockholdersEquity`	$19.52M	USD	Point-in-time
Issuance of common stock, net of fees	`StockIssuedDuringPeriodValueNewIssues`	$503.00K	USD	1 Quarter
Issuance of common stock, net of fees	`StockIssuedDuringPeriodValueNewIssues`	$503.00K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$212.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$642.00K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$554.00K	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$178.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.71M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.90M	USD	3 Qtrs
Closing Balance	`StockholdersEquity`	$2.52M	USD	Point-in-time
Closing Balance	`StockholdersEquity`	$16.20M	USD	Point-in-time
Closing Balance	`StockholdersEquity`	$14.17M	USD	Point-in-time
Closing Balance	`StockholdersEquity`	$5.04M	USD	Point-in-time
Closing Balance	`StockholdersEquity`	$25.46M	USD	Point-in-time
Closing Balance	`StockholdersEquity`	$19.52M	USD	Point-in-time

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