10-Q/A Filing

CELCUITY INC. CIK: 1603454 Q2 2020

Filing Information

Form Type	10-Q/A
Accession Number	`0001654954-20-008876`
Period End Date	20200630
Filing Date	20200811
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	celc_form10qa_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 50 Cash Flow Statement 54 Stockholders Equity 29

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.94M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.92M	USD	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
Deposits	`DepositsAssetsCurrent`	$22.01K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$22.01K	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	$28.74K	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Payroll tax receivable	`OtherReceivablesNetCurrent`	$190.00K	USD	Point-in-time
Payroll tax receivable	`OtherReceivablesNetCurrent`	$190.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.29M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$274.60K	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$232.65K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.25M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.29M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.25M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$706.22K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$833.46K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$196.98K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$356.54K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$121.02K	USD	Point-in-time
Total Assets	`Assets`	$16.70M	USD	Point-in-time
Total Assets	`Assets`	$20.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$142.77K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$81.05K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$5.79K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$5.77K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$131.54K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$404.93K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$178.47K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$584.32K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$610.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$828.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$911.33K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$11.21K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$14.11K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$57.79K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$840.09K	USD	Point-in-time
Total Liabilities	`Liabilities`	$983.23K	USD	Point-in-time
Preferred stock, $0.001 par value: 2,500,000 shares authorized; 0 shares issued and outstanding as of June 30, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 2,500,000 shares authorized; 0 shares issued and outstanding as of June 30, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 shares authorized; 10,289,253 and 10,253,988 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$10.29K	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 shares authorized; 10,289,253 and 10,253,988 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$10.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$23.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.52M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$19.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$22.39M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$15.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$25.35M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$20.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.70M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$3.06M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.77M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.61M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$911.11K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$447.71K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$371.99K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$755.53K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.52M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.82M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.84M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.21M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.52M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.82M	USD	2 Qtrs
Interest expense	`InterestExpense`	$31.00	USD	1 Quarter
Interest expense	`InterestExpense`	$41.00	USD	1 Quarter
Interest expense	`InterestExpense`	$85.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$64.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$121.58K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$250.22K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$75.83K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$11.98K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$11.95K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$75.77K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$121.54K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$250.14K	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.72M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.45M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.57M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.20M	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.45M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.57M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.20M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.43	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.21M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.26M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.26M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.21M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.45M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.57M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.20M	USD	1 Quarter
Depreciation	`Depreciation`	$159.34K	USD	2 Qtrs
Depreciation	`Depreciation`	$191.13K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$887.84K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$376.89K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$192.25K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$423.19K	USD	1 Quarter
Non-cash interest income, net of cash received	`OtherNoncashIncomeExpense`	-	USD	2 Qtrs
Non-cash interest income, net of cash received	`OtherNoncashIncomeExpense`	$11.00K	USD	2 Qtrs
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$84.41K	USD	2 Qtrs
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.95K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$44.76K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-59.02K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$26.19K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$84.28K	USD	2 Qtrs
Non-cash operating lease, net	`IncreaseDecreaseInNonCashOperatingLeaseExpense`	$-28.75K	USD	2 Qtrs
Non-cash operating lease, net	`IncreaseDecreaseInNonCashOperatingLeaseExpense`	$-11.54K	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.82M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.39M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$1.75M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-183.83K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.59K	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.56M	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-66.59K	USD	2 Qtrs
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$174.96K	USD	2 Qtrs
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$58.06K	USD	2 Qtrs
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$23.90K	USD	2 Qtrs
Gross proceeds from an ATM offering	`GrossProceedsFromAnAtmOffering`	-	USD	2 Qtrs
Gross proceeds from an ATM offering	`GrossProceedsFromAnAtmOffering`	$154.14K	USD	2 Qtrs
Payments for secondary registration statement costs	`PaymentsForRegistrationStatementCosts`	$-23.37K	USD	2 Qtrs
Payments for secondary registration statement costs	`PaymentsForRegistrationStatementCosts`	$-1.30K	USD	2 Qtrs
Payments for finance leases	`PaymentsForCapitalLeases`	$-2.88K	USD	2 Qtrs
Payments for finance leases	`PaymentsForCapitalLeases`	$-2.86K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$151.79K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.86K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.03M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.30M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.43M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.94M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.74M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.92M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.43M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.94M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$18.74M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$14.92M	USD	Point-in-time
Property and equipment included in accounts payable	`LiabilitiesAssumed1`	$2.00K	USD	2 Qtrs
Property and equipment included in accounts payable	`LiabilitiesAssumed1`	-	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$23.86M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$17.52M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$19.30M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$22.39M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$15.86M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$25.35M	USD	Point-in-time
Stock-based compensation, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$423.19K	USD	1 Quarter
Stock-based compensation, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$464.65K	USD	1 Quarter
Stock-based compensation, amount	`StockGrantedDuringPeriodValueSharebasedCompensation`	$192.25K	USD	1 Quarter
Stock-based compensation, amount	`StockGrantedDuringPeriodValueSharebasedCompensation`	$184.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.45M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.57M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.20M	USD	1 Quarter
Exercise of common stock options, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Exercise of common stock options, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$174.96K	USD	1 Quarter
Employee stock purchases, amount	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$58.06K	USD	1 Quarter
Employee stock purchases, amount	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$23.90K	USD	1 Quarter
Issuance of shares of common stock in an at-the-market ("ATM") offering, amount	`StockIssuedDuringPeriodValueNewIssues`	$154.14K	USD	1 Quarter
Issuance costs associated with ATM offering	`IssuanceCostsAssociatedWithAtmOffering`	$-52.11K	USD	1 Quarter
Exercise of common stock options, net of shares withheld for exercise price, amount	`ExerciseOfCommonStockOptionsNetOfSharesWithheldForExercisePriceAmount`	-	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$23.86M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$17.52M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$19.30M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$22.39M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$15.86M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$25.35M	USD	Point-in-time

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