10-Q Filing

Xenetic Biosciences, Inc. CIK: 1534525 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-001272`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	xbio-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 24 Cash Flow Statement 60

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.45M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.45M	shares	Point-in-time
Cash	`Cash`	$132.23K	USD	Point-in-time
Cash	`Cash`	$4.05M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.73M	shares	Point-in-time
Cash	`Cash`	$1.61M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.98M	shares	Point-in-time
Cash	`Cash`	$4.32M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$66.51K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$66.51K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.41M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.00M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.22M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.08K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.37K	USD	Point-in-time
Goodwill	`Goodwill`	$3.28M	USD	Point-in-time
Goodwill	`Goodwill`	$3.28M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.24M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$9.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.88K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$66.34K	USD	Point-in-time
Total assets	`Assets`	$18.83M	USD	Point-in-time
Total assets	`Assets`	$20.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.01M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$605.09K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$838.89K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.20K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.48K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.87M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.92M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$2.92M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$15.02K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$19.88K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.80M	USD	Point-in-time
Common stock, $0.001 par value; 45,454,546 shares authorized as of March 31, 2017 and December 31, 2016; 8,976,426 and 8,731,029 shares issued as of March 31, 2017 and December 31, 2016, respectively; 8,652,541 and 8,407,144 shares outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$8.97K	USD	Point-in-time
Common stock, $0.001 par value; 45,454,546 shares authorized as of March 31, 2017 and December 31, 2016; 8,976,426 and 8,731,029 shares issued as of March 31, 2017 and December 31, 2016, respectively; 8,652,541 and 8,407,144 shares outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$8.73K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$164.12M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$163.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-145.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$253.73K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$253.73K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$5.28M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$5.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.90M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.83M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$429.28K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.63M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.85M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.86M	USD	1 Quarter
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	$136.01K	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`GainLossOnIssuanceOfHybridDebtInstrument`	$-1.58M	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-26.41K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-9.36K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$14.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$588.00	USD	1 Quarter
Interest expense	`InterestExpense`	$245.38K	USD	1 Quarter
Total other non-operating expense	`NonoperatingIncomeExpense`	$-1.72M	USD	1 Quarter
Total other non-operating expense	`NonoperatingIncomeExpense`	$-9.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.87M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.78	USD	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.52M	shares	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.59M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.87M	USD	1 Quarter
Depreciation	`Depreciation`	$7.71K	USD	1 Quarter
Depreciation	`Depreciation`	$9.08K	USD	1 Quarter
Amortization of hybrid debt instrument discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of hybrid debt instrument discount	`AmortizationOfDebtDiscountPremium`	$139.85K	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	$104.76K	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	-	USD	1 Quarter
Share-based payments	`ShareBasedCompensation`	$650.27K	USD	1 Quarter
Share-based payments	`ShareBasedCompensation`	$477.89K	USD	1 Quarter
Warrant expense for services	`FairValueAdjustmentOfWarrants`	$-249.22K	USD	1 Quarter
Warrant expense for services	`FairValueAdjustmentOfWarrants`	$-15.35K	USD	1 Quarter
Vendor share-based payments	`VendorSharebasedPayments`	$57.79K	USD	1 Quarter
Vendor share-based payments	`VendorSharebasedPayments`	$31.07K	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$136.01K	USD	1 Quarter
Loss on issuance of hybrid debt instruments	`GainLossOnIssuanceOfHybridDebtInstrument`	$-1.58M	USD	1 Quarter
Loss on issuance of hybrid debt instruments	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$43.93K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$584.56K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-147.72K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.28K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$280.81K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.77M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.43K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.61K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.61K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.43K	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$3.50M	USD	1 Quarter
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	$237.05K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.26M	USD	1 Quarter
Net change in cash, excluding restricted cash	`CashPeriodIncreaseDecrease`	$1.47M	USD	1 Quarter
Net change in cash, excluding restricted cash	`CashPeriodIncreaseDecrease`	$275.38K	USD	1 Quarter
Cash at beginning of period	`Cash`	$132.23K	USD	Point-in-time
Cash at beginning of period	`Cash`	$4.05M	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.61M	USD	Point-in-time
Cash at beginning of period	`Cash`	$4.32M	USD	Point-in-time
Cash at end of period	`Cash`	$132.23K	USD	Point-in-time
Cash at end of period	`Cash`	$4.05M	USD	Point-in-time
Cash at end of period	`Cash`	$1.61M	USD	Point-in-time
Cash at end of period	`Cash`	$4.32M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$599.00	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Interest paid in common stock	`SettlementOfAccruedInterestInCommonStock`	-	USD	1 Quarter
Interest paid in common stock	`SettlementOfAccruedInterestInCommonStock`	$70.81K	USD	1 Quarter
Issuance of warrants in connection with debt	`NoncashIssuanceOfWarrantsInConnectionWithDebt`	$1.70M	USD	1 Quarter
Issuance of warrants in connection with debt	`NoncashIssuanceOfWarrantsInConnectionWithDebt`	-	USD	1 Quarter
Recording of derivative liability in connection with debt	`NoncashRecordingOfDerivativeLiabilityInConnectionWithDebt`	$3.35M	USD	1 Quarter
Recording of derivative liability in connection with debt	`NoncashRecordingOfDerivativeLiabilityInConnectionWithDebt`	-	USD	1 Quarter
Reclassification of common shares issuable to accounts payable	`ReclassificationOfCommonSharesIssuableToAccountsPayable`	-	USD	1 Quarter
Reclassification of common shares issuable to accounts payable	`ReclassificationOfCommonSharesIssuableToAccountsPayable`	$65.98K	USD	1 Quarter
Conversion of Series B preferred stock to common stock	`ConversionOfSeriesBPreferredStockToCommonStock`	-	USD	1 Quarter
Conversion of Series B preferred stock to common stock	`ConversionOfSeriesBPreferredStockToCommonStock`	$120.00	USD	1 Quarter
Issuance of common stock for promissory note converted in 2016	`IssuanceOfCommonStockForPromissoryNoteConvertedIn2016`	$125.00	USD	1 Quarter
Issuance of common stock for promissory note converted in 2016	`IssuanceOfCommonStockForPromissoryNoteConvertedIn2016`	-	USD	1 Quarter

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