10-Q Filing

TYME TECHNOLOGIES, INC. CIK: 1537917 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001564590-22-028583`
Period End Date	20220630
Filing Date	20220809
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	tyme-10q_20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 36 Cash Flow Statement 43 Stockholders Equity 19

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.42M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$60.61M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$70.69M	USD	Point-in-time
Prepaid clinical costs	`PrepaidClinicalCostsCurrent`	$431.48K	USD	Point-in-time
Prepaid clinical costs	`PrepaidClinicalCostsCurrent`	$480.62K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.06M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.48M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$79.02M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$38.23K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$28.21K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$1.11M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$9.08M	USD	Point-in-time
Total assets	`Assets`	$88.02M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$80.16M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Accounts payable and other current liabilities (including $0 and $153,000 of related party accounts payable, respectively)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$3.80M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	172.21M	shares	Point-in-time
Accounts payable and other current liabilities (including $0 and $153,000 of related party accounts payable, respectively)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$4.69M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	172.21M	shares	Point-in-time
Severance payable	`SeverancePayableCurrent`	$444.47K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	172.21M	shares	Point-in-time
Severance payable	`SeverancePayableCurrent`	$2.61M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	172.21M	shares	Point-in-time
Accrued bonuses	`EmployeeRelatedLiabilitiesCurrent`	$465.13K	USD	Point-in-time
Accrued bonuses	`EmployeeRelatedLiabilitiesCurrent`	$933.08K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$37.33K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$26.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.62M	USD	Point-in-time
Severance payable, net of current portion	`SeverancePayableNoncurrent`	$311.37K	USD	Point-in-time
Severance payable, net of current portion	`SeverancePayableNoncurrent`	$421.57K	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$124.48K	USD	Point-in-time
Warrant liability	`WarrantLiabilityNoncurrent`	$89.56K	USD	Point-in-time
Total liabilities	`Liabilities`	$7.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.02M	USD	Point-in-time
Commitments and contingencies (see Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 172,206,894 issued and outstanding at June 30, 2022, 300,000,000 authorized, 172,206,894 issued and outstanding at March 31, 2022	`CommonStockValue`	$17.22K	USD	Point-in-time
Common stock, $0.0001 par value, 300,000,000 shares authorized, 172,206,894 issued and outstanding at June 30, 2022, 300,000,000 authorized, 172,206,894 issued and outstanding at March 31, 2022	`CommonStockValue`	$17.22K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$241.57M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$241.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-544.26K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-533.76K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-160.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-166.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$101.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$80.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$74.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$96.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$80.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$88.02M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Related party legal expenses	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	-	USD	1 Quarter
Related party legal expenses	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$115.00K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.18M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.96M	USD	1 Quarter
General and administrative (including $0 and $115,000 of related party legal expenses, respectively)	`GeneralAndAdministrativeExpense`	$2.47M	USD	1 Quarter
General and administrative (including $0 and $115,000 of related party legal expenses, respectively)	`GeneralAndAdministrativeExpense`	$4.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.61M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.65M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.61M	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-34.92K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-725.14K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$89.41K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$19.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.87K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.26K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$112.46K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$723.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.49M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.93M	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic loss per common share	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted loss per common share	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	172.21M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	172.21M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	172.21M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	172.21M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-6.49M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.93M	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-33.84K	USD	1 Quarter
Unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$10.50K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.96M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-6.48M	USD	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.93M	USD	1 Quarter
Net loss	`ProfitLoss`	$-6.49M	USD	1 Quarter
Amortization of employees, directors and consultants stock options	`ShareBasedCompensation`	$540.47K	USD	1 Quarter
Amortization of employees, directors and consultants stock options	`ShareBasedCompensation`	$643.66K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-34.92K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-725.14K	USD	1 Quarter
Net amortization of premiums and discounts on marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-227.30K	USD	1 Quarter
Net amortization of premiums and discounts on marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-389.12K	USD	1 Quarter
Prepaid clinical costs	`IncreaseDecreaseInPrepaidClinicalCosts`	$-905.30K	USD	1 Quarter
Prepaid clinical costs	`IncreaseDecreaseInPrepaidClinicalCosts`	$-49.15K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.63M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-186.63K	USD	1 Quarter
Operating lease right-of-use asset	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$-8.91K	USD	1 Quarter
Operating lease right-of-use asset	`IncreaseDecreaseInOperatingLeaseRightOfUseAsset`	$-10.02K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-280.96K	USD	1 Quarter
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$881.79K	USD	1 Quarter
Severance payable	`IncreaseDecreaseInSeverancePayable`	$-2.28M	USD	1 Quarter
Severance payable	`IncreaseDecreaseInSeverancePayable`	$-168.00K	USD	1 Quarter
Accrued bonuses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-670.11K	USD	1 Quarter
Accrued bonuses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-467.95K	USD	1 Quarter
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-10.84K	USD	1 Quarter
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-7.78K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.78M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.81M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$65.25M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$17.02M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$14.48M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.54M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.19K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.19K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-71.06M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.32M	USD	1 Quarter
Cash and cash equivalents beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$107.52M	USD	Point-in-time
Cash and cash equivalents beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.46M	USD	Point-in-time
Cash and cash equivalents beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.74M	USD	Point-in-time
Cash and cash equivalents beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.42M	USD	Point-in-time
Cash and cash equivalents ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$107.52M	USD	Point-in-time
Cash and cash equivalents ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.46M	USD	Point-in-time
Cash and cash equivalents ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.74M	USD	Point-in-time
Cash and cash equivalents ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.42M	USD	Point-in-time
Interest	`InterestPaidNet`	$21.26K	USD	1 Quarter
Interest	`InterestPaidNet`	$11.87K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, at beginning	`StockholdersEquity`	$101.80M	USD	Point-in-time
Balance, at beginning	`StockholdersEquity`	$80.08M	USD	Point-in-time
Balance, at beginning	`StockholdersEquity`	$74.14M	USD	Point-in-time
Balance, at beginning	`StockholdersEquity`	$96.48M	USD	Point-in-time
Balance, at beginning (in shares)	`CommonStockSharesOutstanding`	172.21M	shares	Point-in-time
Balance, at beginning (in shares)	`CommonStockSharesOutstanding`	172.21M	shares	Point-in-time
Proceeds from the exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.19K	USD	1 Quarter
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$643.66K	USD	1 Quarter
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$540.47K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$10.50K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-33.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.49M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.93M	USD	1 Quarter
Balance, at end	`StockholdersEquity`	$101.80M	USD	Point-in-time
Balance, at end	`StockholdersEquity`	$80.08M	USD	Point-in-time
Balance, at end	`StockholdersEquity`	$74.14M	USD	Point-in-time
Balance, at end	`StockholdersEquity`	$96.48M	USD	Point-in-time
Balance, at end (in shares)	`CommonStockSharesOutstanding`	172.21M	shares	Point-in-time
Balance, at end (in shares)	`CommonStockSharesOutstanding`	172.21M	shares	Point-in-time

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