SELLAS Life Sciences Group, Inc. SLS Income Statement

Sellas life sciences group, inc. (SLS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,331	2,173	-	1,170	0	0	-	0	-	-	-	-	-	-	-	-
Gross Profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Operating expenses:
Cost of revenue (excluding amortization of certain acquired intangible assets)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	347	331	-	258	0	0	-	0	-	-	-	-	-	-	-	-
Research and development employee stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	56	34	-	-	-	246	274	267
Total research and development expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	-7	207	-	35	-45	-31	56	513
Research and development
1,864	2,246	1,799	1,381	1,859	3,651	1,720	1,592	1,804	988	1,068	1,827	2,184	-3,847	3,624	6,175	5,443	4,849	5,740	7,197	5,825	5,810	7,025	8,069	6,770	-	3,633	5,276	5,081	-	4,169	3,720	2,664	-	1,367	329	2,156	1,936	2,264
General and administrative
2,200	2,400	2,385	2,638	2,500	2,642	1,341	4,909	3,880	5,739	3,222	3,841	2,287	-4,897	2,848	3,117	3,525	2,741	2,895	1,886	3,087	-3,746	3,542	9,600	6,830	-	4,129	2,710	1,530	-	-	-	-	-	-	-	-	-	-
Research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,446	4,074	3,671	2,423	204	1,332	374	1,941	1,606	1,484
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,448	1,090	1,778	1,269	3,663	1,441	1,610	1,921	1,126	1,654
Amortization of certain acquired intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	87	194	-2,035	608	328	1,099	503	646
Selling, general and administrative non-employee stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184	98	-	-	-	-	-	-	-
Fair value of common stock warrants issued for general and administrative services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	11	76	-	-
Fair value of common stock warrants issued for general and administrative expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	154	190
General and administrative non-employee stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283	-	0	0	23	-	-
Total selling, general and administrative expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,359	1,963	1,746	-	2,068	1,949	3,119	1,783	2,490
Total operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,292	-	-	-	-	-	-	-	-	-	-	-	-	-	5,578	5,528	5,683	4,410	1,498	3,435	2,278	5,275	3,719	4,754
Severance costs related to Merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98	91	-	43	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses and operating loss
4,064	7,479	4,184	4,019	4,359	15,843	3,061	6,501	5,684	8,610	4,290	5,668	4,471	-	6,472	-	8,968	-	8,635	9,083	8,912	-	10,567	18,114	14,022	-	8,063	7,986	6,611	-	-	-	-	-	-	-	-	-	-
Operating loss
-	-	-	-	-	-	-	-	-	-	-	-	-	8,744	-6,472	-9,292	-8,968	-7,590	-8,635	-9,083	-8,912	-5,701	-10,567	-15,783	-11,849	-6,999	-6,893	-7,986	-6,611	-	-5,528	-	-	-	-	-	-	-	-
Non-operating income (expense):
Change in fair value of warrant liability
-35	-28	49	-962	-195	40	-2,241	-1,218	-1,881	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-138	-76	-28	-95	-387	993	-162	-452	-3,411	0	0	0	0	-	-145	5,497	-170	-	307	83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on settlement of liability-classified warrants
-	-	0	0	-	0	0	42	685	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	0	-	-	-	766	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrants potentially settleable in cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,652	-14,392	3,873	-2,143	-2,134	4,267	-1,152	-3,382	-6,735	3,353	-9,792	36,866	1,614	518	5,003	-	-	-	-	-	-	900	-	-	-
Goodwill and intangible assets impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-423	-1,221	-	-1,641	-2,158	-	-	-
Interest income (expense), net
24	27	59	18	14	26	-74	-122	-96	-102	-102	-128	-130	821	-1,377	-519	-91	-170	-158	-207	-225	-185	-297	-314	-314	-	-314	-186	5	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,751	-6,261	227	-23,540	-	-3,834	-1,596	-	-	-
Total non-operating income (expense), net
-79	-21	-18	885	-178	979	2,771	602	-2,311	-102	-102	-128	-130	-	2,130	-	-4,134	-	2,283	-4,391	606	-	7,035	-4,158	9,313	-	-1,235	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	634	-	2	0	-19	-16	-1	-2	-3	-1	3	3
Other Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	634	-446	-	-	-	-	-	-	-	-	-	-
Change in fair value of the contingent purchase price liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-321	-	597	-491	-165	7,843	693	-70	-5,444	11,548	-733	5,929	-19,114	7,363	-397	685	1,435	-419	2,610
Loss before income taxes
-	-	-4,202	-3,134	-	-	-290	-5,899	-	-	-4,392	-5,796	-	-	-	17,570	-	-	-	-	-	-	-	-	-	-13,547	-8,128	-8,056	-12,055	775	-733	5,910	-19,130	-	-	-	-	-	-
Loss on warrant exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,652	-14,392	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-419	2,610
Income (loss) from continuing operations from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,803	-6,261	227	-23,540	-	-	-	-	-	-
Income tax benefit
-	-	0	0	-	-	0	163	-	-	63	117	-	-	-	-	-	-	-	-	-	-	-	-	-	1,114	1,159	1,541	-2,762	-1,052	0	0	0	-	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,342	-	-13,102	-	-6,352	-13,474	-8,306	-	-3,532	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,587	-2,889	-3,391	-8,855	-11,674	-2,186	-2,231	-	-2,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-4,143	-7,419	-4,202	-3,134	-4,537	-13,323	-290	-6,062	-7,995	-8,785	-4,455	-5,913	-4,601	352	-6,929	5,389	-16,493	-19,679	-18,026	-15,660	-10,537	-7,956	-6,173	-19,941	-2,536	-48,501	-9,287	-9,597	-9,293	-3,751	-6,261	-196	-24,761	1,585	-5,475	-3,754	-3,841	-4,135	-2,141
Deemed dividend arising from the issuance of common stock to Series A convertible preferred stockholders under most favored nation provision
-	-	0	-	-	-	8,654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend arising from warrant modifications
78	-243	7,268	952	439	-491	491	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend arising from beneficial conversion feature of convertible preferred stock
-	-	0	0	-	0	0	2,468	1,968	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend arising from the issuance of common stock to Series A convertible preferred stockholders under most favored nation provision
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impact of anti-dilution protection on liability-classified warrants
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to common stockholders
-4,221	-7,419	-11,470	-4,086	-4,976	-13,323	-9,435	-8,530	-9,963	-9,460	-4,455	-5,913	-4,601	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per share information:
Net loss
-4,143	-7,419	-4,202	-3,134	-4,537	-13,323	-290	-6,062	-7,995	-8,785	-4,455	-5,913	-4,601	352	-6,929	5,389	-16,493	-19,679	-18,026	-15,660	-10,537	-7,956	-6,173	-19,941	-2,536	-48,501	-9,287	-9,597	-9,293	-3,751	-6,261	-196	-24,761	1,585	-5,475	-3,754	-3,841	-4,135	-2,141
Reclassification of unrealized gain upon sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	841	795	-	-	-	-	-	-	-	-	-	-	-
Reclassification of unrealized gain upon sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Unrealized gain on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,108	-3,128	7,031	-	0	0	-	-	-	-	-	-	-
Tax effect of reclassification of unrealized gain upon sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	330	312	-	-	-	-	-	-	-	-	-	-	-
Tax effect of reclassification of unrealized gain upon sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Tax effect of unrealized gain on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-828	-1,229	2,762	-	0	0	-	-	-	-	-	-	-
Unrealized gain on marketable securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Total comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50,223	-11,078	-11,979	-5,024	-2,125	-6,261	-196	-24,761	-	-	-	-	-	-
Basic net income (loss) per share, continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.41	0.91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-0.04	-	-	-
Basic net loss per share, discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.25	-0.32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-0.06	-	-	-
Basic net income (loss) per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.66	0.59	-1.84	-	-0.11	-0.10	-0.08	-	-0.05	-	-	-	-	-	-	-	-	0.00	-	-	-	-0.10	-	-	-
Basic and diluted per share, continuing operations (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.46	-4.84	-0.04	-0.08	-0.06	-	-0.03	-	-	-	-	-	-	-	-0.09	-	-0.49	-	-0.09	-	-	-	-
Basic and diluted loss per share, discontinued operations (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.38	-3.10	-0.07	-0.02	-0.02	-	-0.02	-	-	-	-	-	-	-	0.00	-	-0.03	-	-0.04	-	-	-	-
Net loss per common share attributable to common stockholders, basic and diluted (in dollars per share)
-0.66	3.01	-2.68	-0.13	-11.12	-128.04	-26.75	-1.26	-1.67	-0.04	-2.27	-4.50	-3.63	-	-	-	-	-	-	-	-	-	-	-0.17	-0.02	-0.52	-0.11	-0.11	-0.11	-	-0.09	-	-	-	-	-	-0.19	-0.23	-0.12
Weighted-average common shares outstanding, basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,465	9,101	8,968	-	161,857	161,383	-	-	-	-	-	-	-	-	-	-	-	65,112	-	-	-	-	-	-	-
Basic and diluted net loss per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.52	-	-0.13	-	-	-	-
Weighted-average common shares outstanding, basic and diluted (in shares)
6,374	-26,792	4,281	32,298	447	-12,025	352	6,767	5,952	4,816	1,962	1,313	1,268	-	-	-	-	-	-	-	136,054	-329,489	119,038	118,083	116,244	106,748	87,319	83,656	83,002	-	67,265	-	47,967	-41,884,028	41,970,481	38,568	20,316	18,372	18,371,808
Diluted net income (loss) per share, continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-	-	-	-0.04	-	-	-
Diluted net loss per share, discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-0.06	-	-	-
Diluted net income (loss) per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	-	-	-	-0.10	-	-	-
Weighted-average common shares outstanding, diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,273	-	-	-	161,383	-	-	-	-	-	-	-	-	-	-	-	67,177	-	-	-	-	-	-	-