X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934


Download 1.64 Mb.
NameX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934
page1/34
A typeReport
  1   2   3   4   5   6   7   8   9   ...   34



 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 10-Q

 

(Mark One)

x

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2015

OR

o

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 000-37369

 

HTG Molecular Diagnostics, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

Delaware

86-0912294

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

 

 

3430 E. Global Loop

Tucson, AZ

85706

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (877) 289-2615

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes   x     No   o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes   x     No   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

 o

  

Accelerated filer

 o

 

 

 

 

Non-accelerated filer

 

 o  (Do not check if a small reporting company)

  

Small reporting company

 x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes   o     No   x

As of November 6, 2015, the registrant had 6,839,864 shares of common stock, $0.001 par value per share, outstanding.

 

 

 

 

 

 

Table of Contents

 

 

 

 

 

Page

PART I.

 

FINANCIAL INFORMATION

 

 

Item 1.

 

Financial Statements (Unaudited)

 

 

 

 

Condensed Balance Sheets

 

1

 

 

Condensed Statements of Operations

 

3

 

 

Condensed Statements of Comprehensive Income

 

4

 

 

Condensed Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit)

 

5

 

 

Condensed Statements of Cash Flows

 

7

 

 

Notes to Unaudited Condensed Financial Statements

 

8

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

30

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

36

Item 4.

 

Controls and Procedures

 

36

PART II.

 

OTHER INFORMATION

 

38

Item 1.

 

Legal Proceedings

 

38

Item 1A.

 

Risk Factors

 

38

Item 2.

 

Unregistered Sales of Equity Securities and Use of Proceeds

 

64

Item 5.

 

Other Information

 

64

Item 6.

 

Exhibits

 

64

Signatures

 

65

Exhibit Index

 

66

 

 

 

i

 

PART I—FINANCIAL INFORMATION

 

 

Item 1. Financial Statements (Unaudited).

HTG Molecular Diagnostics, Inc.

Condensed Balance Sheets

 

 

 

September 30,

 

 

December 31,

 

 

 

2015

 

 

2014

 

Assets

 

(Unaudited)

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,598,143

 

 

$

3,613,392

 

Short-term investments available-for-sale, at fair value

 

 

28,711,759

 

 

 



 

Accounts receivable, net

 

 

696,827

 

 

 

801,125

 

Inventory, net of allowance of $328,022 at September 30, 2015 and

   $54,269 at December 31, 2014

 

 

2,266,182

 

 

 

1,685,814

 

Prepaid insurance

 

 

393,127

 

 

 

20,905

 

Prepaid expenses and other

 

 

223,472

 

 

 

91,130

 

Total current assets

 

 

34,889,510

 

 

 

6,212,366

 

 

 

 

 

 

 

 

 

 

Long-term investments available-for-sale, at fair value

 

 

7,766,952

 

 

 



 

Deferred financing and offering costs

 

 

59,582

 

 

 

1,369,281

 

 

 

 

 

 

 

 

 

 

Property and equipment:

 

 

 

 

 

 

 

 

Office equipment

 

 

442,490

 

 

 

414,424

 

Leasehold improvements

 

 

252,750

 

 

 

234,602

 

Laboratory and manufacturing equipment

 

 

3,127,484

 

 

 

2,003,693

 

Field equipment

 

 

180,355

 

 

 

286,044

 

Software

 

 

140,248

 

 

 

140,248

 

Construction in progress

 

 

49,953

 

 

 

6,125

 

Total property and equipment

 

 

4,193,280

 

 

 

3,085,136

 

Less: accumulated depreciation and amortization

 

 

(2,365,135

)

 

 

(1,938,537

)

Property and equipment, net

 

 

1,828,145

 

 

 

1,146,599

 

Total assets

 

$

44,544,189

 

 

$

8,728,246

 

 

1

 
  1   2   3   4   5   6   7   8   9   ...   34

Share in:

Related:

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconT quarterly report pursuant to section 13 or 15(d) of the securities...

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15 (d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconÞ quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconX quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconT quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934

X quarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934 iconQuarterly report pursuant to section 13 or 15(d) of the securities exchange act of 1934




manual


When copying material provide a link © 2017
contacts
manual-guide.com
search