10-K Filing

CELCUITY INC. CIK: 1603454 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001654954-21-001743`
Period End Date	20201231
Filing Date	20210216
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	celc_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 24 Cash Flow Statement 50 Stockholders Equity 16

Balance Sheet 71 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, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.64M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.94M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$22.01K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$22.01K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	$28.74K	USD	Point-in-time
Deferred transaction costs	`DeferredCostsCurrent`	-	USD	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
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Payroll tax receivable	`OtherReceivablesNetCurrent`	$190.00K	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	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
Prepaid assets	`PrepaidExpenseCurrent`	$274.60K	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$317.04K	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
Total current assets	`AssetsCurrent`	$19.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.17M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	881,911.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.25M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.30M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$833.46K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$558.88K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$196.98K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$230.91K	USD	Point-in-time
Total Assets	`Assets`	$12.96M	USD	Point-in-time
Total Assets	`Assets`	$20.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$217.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$142.77K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$5.81K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$5.77K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$187.52K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$178.47K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$774.61K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$584.32K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$911.33K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$8.30K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$14.11K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$60.86K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$57.79K	USD	Point-in-time
Total Liabilities	`Liabilities`	$983.23K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.25M	USD	Point-in-time
Preferred stock, $0.001 par value: 2,500,000 shares authorized; 0 shares issued and outstanding as of December 31, 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 December 31, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 shares authorized; 10,299,822 and 10,253,988 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$10.30K	USD	Point-in-time
Common stock, $0.001 par value: 25,000,000 shares authorized; 10,299,822 and 10,253,988 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$10.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$19.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$11.70M	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`	$12.96M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$6.27M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$7.68M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.87M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.54M	USD	Annual
Total operating expenses	`OperatingExpenses`	$9.56M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.81M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-7.81M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-9.56M	USD	Annual
Interest expense	`InterestExpense`	$120.00	USD	Annual
Interest expense	`InterestExpense`	$159.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$82.11K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$446.10K	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$81.99K	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$445.94K	USD	Annual
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.36M	USD	Annual
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.47M	USD	Annual
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax benefits	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-7.36M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.47M	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.72	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.92	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.27M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.23M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.36M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.47M	USD	Annual
Depreciation	`Depreciation`	$339.00K	USD	Annual
Depreciation	`Depreciation`	$385.59K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.76M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.04M	USD	Annual
Non-cash interest income, net of cash received	`OtherNoncashIncomeExpense`	$42.91K	USD	Annual
Non-cash interest income, net of cash received	`OtherNoncashIncomeExpense`	-	USD	Annual
Payroll tax receivable	`IncreaseDecreaseInOtherReceivables`	$-190.00K	USD	Annual
Payroll tax receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-20.14K	USD	Annual
Prepaid assets and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-42.44K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$52.97K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$45.62K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$111.40K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$190.29K	USD	Annual
Non-cash operating lease, net	`IncreaseDecreaseInNonCashOperatingLeaseExpense`	$-9.12K	USD	Annual
Non-cash operating lease, net	`IncreaseDecreaseInNonCashOperatingLeaseExpense`	$-21.81K	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.00M	USD	Annual
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.15M	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$8.91M	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	-	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-89.37K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-380.20K	USD	Annual
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.37K	USD	Annual
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.53M	USD	Annual
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	$3.75K	USD	Annual
Proceeds from exercise of common stock warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$174.96K	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$60.30K	USD	Annual
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$87.62K	USD	Annual
Gross proceeds from an ATM offering	`GrossProceedsFromAnAtmOffering`	-	USD	Annual
Gross proceeds from an ATM offering	`GrossProceedsFromAnAtmOffering`	$182.69K	USD	Annual
Payments for secondary registration statement costs	`PaymentsForRegistrationStatementCosts`	$-1.30K	USD	Annual
Payments for secondary registration statement costs	`PaymentsForRegistrationStatementCosts`	$-99.26K	USD	Annual
Payments for finance leases	`PaymentsForFinanceLeases`	$-5.73K	USD	Annual
Payments for finance leases	`PaymentsForFinanceLeases`	$-5.77K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$259.31K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$137.97K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.79M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.10M	USD	Annual
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.74M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.64M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.94M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$18.74M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$11.64M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.94M	USD	Point-in-time
Property and equipment included in accounts payable	`LiabilitiesAssumed1`	$2.70K	USD	Annual
Property and equipment included in accounts payable	`LiabilitiesAssumed1`	$24.33K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$19.30M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$11.70M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$25.35M	USD	Point-in-time
Exercise of common stock warrants, amount	`ExerciseOfCommonStockWarrantsAmount`	$3.75K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.04M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.76M	USD	Annual
Exercise of common stock options, net of shares withheld for exercise price, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$174.96K	USD	Annual
Employee stock purchases, amount	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$87.62K	USD	Annual
Employee stock purchases, amount	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$60.30K	USD	Annual
Net loss	`NetIncomeLoss`	$-7.36M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.47M	USD	Annual
Issuance of common stock in an at-the-market ("ATM") offering, amount	`StockIssuedDuringPeriodValueOther`	$182.69K	USD	Annual
Issuance costs associated with ATM offering	`IssuanceCostsAssociatedWithAtmOffering`	$-128.00K	USD	Annual
Balance, amount	`StockholdersEquity`	$19.30M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$11.70M	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.