Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Jun. 30, 2019
Current assets:    
Cash $ 55,112,000 $ 4,421,000
Accounts receivable - trade 75,000 97,000
Subscription receivable 5,549,000 0
Work in progress 798,000 0
Prepaid expenses and other current assets 214,000 290,000
Total Current Assets 61,748,000 4,808,000
Finance lease right-of-use assets, net of accumulated amortization 27,616,000 0
Fixed assets, net of accumulated depreciation 3,657,000 24,380,000
Intangible assets, net of accumulated amortization 1,144,000 1,374,000
Security deposit 24,000 24,000
Total Assets 94,189,000 30,586,000
Current liabilities:    
Accounts payable (related party of $6 and $125 as of June 30, 2020 and 2019, respectively) 1,759,000 1,001,000
Accrued expenses (related party of $705 and $699 as of June 30, 2020 and 2019, respectively) 1,105,000 965,000
Note payable - PPP Loan - current portion 261,000 0
Finance lease obligation - current portion 301,000 0
Capital lease obligation - current portion 0 213,000
Contract liabilities 1,810,000 1,279,000
Total Current Liabilities 5,236,000 3,458,000
Note payable - PPP Loan - net of current portion 339,000 0
Finance lease obligation - non-current portion 32,007,000 0
Capital lease obligation - net of current portion 0 24,671,000
Total Liabilities 37,582,000 28,129,000
Commitments and Contingencies
iBio, Inc. Stockholders' Equity:    
Common stock - $0.001 par value; 275,000,000 shares authorized; 140,071,110 and 20,152,458 shares issued and outstanding as of June 30, 2020 and 2019, respectively 140,000 20,000
Additional paid-in capital 206,931,000 108,295,000
Accumulated other comprehensive loss (33,000) (31,000)
Accumulated deficit (150,420,000) (105,821,000)
Total iBio, Inc. Stockholders' Equity 56,618,000 2,463,000
Noncontrolling interest (11,000) (6,000)
Total Equity 56,607,000 2,457,000
Total Liabilities and Equity 94,189,000 30,586,000
Ibio CMO [Member]    
iBio, Inc. Stockholders' Equity:    
Preferred Stock, Value, Issued 0 0
Series A Preferred Stock [Member]    
iBio, Inc. Stockholders' Equity:    
Preferred Stock, Value, Issued 0 0
Series B Preferred Stock [Member]    
iBio, Inc. Stockholders' Equity:    
Preferred Stock, Value, Issued 0 0
Series C Preferred Stock [Member]    
iBio, Inc. Stockholders' Equity:    
Preferred Stock, Value, Issued $ 0 $ 0