10-Q Filing

Xenetic Biosciences, Inc. CIK: 1534525 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-002122`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	xbio-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 60 Cash Flow Statement 78

Balance Sheet 62 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
Common stock, shares issued	`CommonStockSharesIssued`	8.73M	shares	Point-in-time
Cash	`Cash`	$132.23K	USD	Point-in-time
Cash	`Cash`	$4.05M	USD	Point-in-time
Cash	`Cash`	$240.79K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.04M	shares	Point-in-time
Cash	`Cash`	$2.33M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$66.51K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.72M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$66.51K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.41M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.43M	USD	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
Total current assets	`AssetsCurrent`	$3.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.37K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.61K	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`	$43.38K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$66.34K	USD	Point-in-time
Total assets	`Assets`	$20.97M	USD	Point-in-time
Total assets	`Assets`	$16.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.01M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$920.31K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$838.89K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$20.20K	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredCreditsAndOtherLiabilitiesCurrent`	$67.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.00M	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`	$10.02K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$19.88K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.93M	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$9.04K	USD	Point-in-time
Common stock	`CommonStockValue`	$8.73K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$164.65M	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`	$-148.12M	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`	$11.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.44M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Cost of research and development revenue	`CostOfServices`	-	USD	1 Quarter
Cost of research and development revenue	`CostOfServices`	-	USD	2 Qtrs
Cost of research and development revenue	`CostOfServices`	$59.09K	USD	2 Qtrs
Cost of research and development revenue	`CostOfServices`	$59.09K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.09M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.63M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$873.84K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.21M	USD	1 Quarter
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	-	USD	1 Quarter
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	$39.50M	USD	2 Qtrs
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	-	USD	2 Qtrs
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	$39.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.61M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.98M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.76M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.90M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-43.26M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-45.11M	USD	2 Qtrs
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	-	USD	2 Qtrs
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	$1.91M	USD	2 Qtrs
Change in fair value of derviative liability	`UnrealizedGainLossOnDerivatives`	$1.77M	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Loss on issuance of hybrid debt instrument	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	2 Qtrs
Loss on issuance of hybrid debt instrument	`GainLossOnIssuanceOfHybridDebtInstrument`	$-1.58M	USD	2 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.19M	USD	2 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.19M	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-13.55K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-25.28K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-34.63K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$12.86K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$10.20K	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$10.20K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$13.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$27.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$103.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.04K	USD	2 Qtrs
Interest expense	`InterestExpense`	$456.00	USD	1 Quarter
Interest expense	`InterestExpense`	$348.47K	USD	2 Qtrs
Total other non-operating expense	`NonoperatingIncomeExpense`	$-15.53K	USD	1 Quarter
Total other non-operating expense	`NonoperatingIncomeExpense`	$-25.48K	USD	2 Qtrs
Total other non-operating expense	`NonoperatingIncomeExpense`	$-4.51M	USD	1 Quarter
Total other non-operating expense	`NonoperatingIncomeExpense`	$-6.23M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.78M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-51.34M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.77M	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-8.28	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.67	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-6.12	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.20M	shares	2 Qtrs
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.71M	shares	1 Quarter
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.61M	shares	2 Qtrs
Weighted-average shares of common stock outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.80M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.78M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-51.34M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.77M	USD	1 Quarter
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	-	USD	1 Quarter
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	$39.50M	USD	2 Qtrs
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	-	USD	2 Qtrs
In-process research and development expense	`OtherResearchAndDevelopmentExpense`	$39.50M	USD	1 Quarter
Depreciation	`Depreciation`	$6.00K	USD	1 Quarter
Depreciation	`Depreciation`	$14.02K	USD	2 Qtrs
Depreciation	`Depreciation`	$18.16K	USD	2 Qtrs
Depreciation	`Depreciation`	$9.00K	USD	1 Quarter
Amortization of hybrid debt instrument discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of hybrid debt instrument discount	`AmortizationOfDebtDiscountPremium`	$204.00K	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	-	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$142.93K	USD	2 Qtrs
Share-based payments	`ShareBasedCompensation`	$1.23M	USD	2 Qtrs
Share-based payments	`ShareBasedCompensation`	$791.83K	USD	2 Qtrs
Warrant expense for services	`FairValueAdjustmentOfWarrants`	$1.12M	USD	2 Qtrs
Warrant expense for services	`FairValueAdjustmentOfWarrants`	$-95.91K	USD	2 Qtrs
Vendor share-based payments	`VendorSharebasedPayments`	$107.79K	USD	2 Qtrs
Vendor share-based payments	`VendorSharebasedPayments`	$60.28K	USD	2 Qtrs
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	2 Qtrs
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$1.91M	USD	2 Qtrs
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$1.77M	USD	1 Quarter
Loss on issuance of hybrid debt instruments	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Loss on issuance of hybrid debt instruments	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	1 Quarter
Loss on issuance of hybrid debt instruments	`GainLossOnIssuanceOfHybridDebtInstrument`	-	USD	2 Qtrs
Loss on issuance of hybrid debt instruments	`GainLossOnIssuanceOfHybridDebtInstrument`	$-1.58M	USD	2 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.19M	USD	2 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.19M	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-36.99K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$185.54K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$421.82K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$59.29K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.71M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.13M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.26K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.61K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.61K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.26K	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$3.50M	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	2 Qtrs
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	$242.47K	USD	2 Qtrs
Payments on loan from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.26M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net change in cash, excluding restricted cash	`CashPeriodIncreaseDecrease`	$-1.72M	USD	2 Qtrs
Net change in cash, excluding restricted cash	`CashPeriodIncreaseDecrease`	$108.56K	USD	2 Qtrs
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`	$240.79K	USD	Point-in-time
Cash at beginning of period	`Cash`	$2.33M	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`	$240.79K	USD	Point-in-time
Cash at end of period	`Cash`	$2.33M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.10K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Convertible debt paid in common stock	`ConvertibleDebtPaidInCommonStock`	-	USD	2 Qtrs
Convertible debt paid in common stock	`ConvertibleDebtPaidInCommonStock`	$6.50M	USD	2 Qtrs
Interest paid in common stock	`SettlementOfAccruedInterestInCommonStock`	$227.83K	USD	2 Qtrs
Interest paid in common stock	`SettlementOfAccruedInterestInCommonStock`	-	USD	2 Qtrs
Issuance of warrants in connection with debt	`NoncashIssuanceOfWarrantsInConnectionWithDebt`	$1.70M	USD	2 Qtrs
Issuance of warrants in connection with debt	`NoncashIssuanceOfWarrantsInConnectionWithDebt`	-	USD	2 Qtrs
Recording of derivative liability in connection with debt	`NoncashRecordingOfDerivativeLiabilityInConnectionWithDebt`	$3.35M	USD	2 Qtrs
Recording of derivative liability in connection with debt	`NoncashRecordingOfDerivativeLiabilityInConnectionWithDebt`	-	USD	2 Qtrs
Reclassification of common shares issuable to accounts payable	`ReclassificationOfCommonSharesIssuableToAccountsPayable`	$65.98K	USD	2 Qtrs
Reclassification of common shares issuable to accounts payable	`ReclassificationOfCommonSharesIssuableToAccountsPayable`	-	USD	2 Qtrs
Conversion of Series B preferred stock to common stock	`ConversionOfSeriesBPreferredStockToCommonStock`	$185.00	USD	2 Qtrs
Conversion of Series B preferred stock to common stock	`ConversionOfSeriesBPreferredStockToCommonStock`	-	USD	2 Qtrs
Issuance of common stock for promissory note converted in 2016	`IssuanceOfCommonStockForPromissoryNoteConvertedIn2016`	$125.00	USD	2 Qtrs
Issuance of common stock for promissory note converted in 2016	`IssuanceOfCommonStockForPromissoryNoteConvertedIn2016`	-	USD	2 Qtrs

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