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BRAIN SCIENTIFIC INC.: 10-Q filed 2021-11-15

What BRAIN SCIENTIFIC INC. reported in its quarterly report filed 2021-11-15 (fiscal Q3 2021): 41 published measures, 120 facts as tagged in accession 0001213900-21-059156.

This filing

Form
10-Q (quarterly report)
Filed
2021-11-15
Fiscal period
fiscal Q3 2021
Accession
0001213900-21-059156 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All BRAIN SCIENTIFIC INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2021-09-30142,316USD
At 2020-12-31440,218USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2021-09-306,692,294USD
At 2020-12-315,237,042USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2021-09-30-6,549,978USD
At 2021-06-30-6,327,321USD
At 2021-03-31-7,786,405USD
At 2020-12-31-4,796,824USD
At 2020-09-30-4,449,896USD
At 2020-06-30-3,619,670USD
At 2020-03-31-1,832,329USD
At 2019-12-31-895,532USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2021-09-3026,519USD
At 2020-12-31272,856USD
At 2020-09-3075,760USD
At 2019-12-31261,436USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-317,685USD92
2021-01-01 to 2021-09-30-2,534,816USD273
2020-07-01 to 2020-09-30-945,359USD92
2020-01-01 to 2020-09-30-3,712,882USD274

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2021-01-01 to 2021-09-30-1,207,276USD273
2020-01-01 to 2020-09-30-688,341USD274

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2021-07-01 to 2021-09-30184,905USD92
2021-01-01 to 2021-09-30526,797USD273
2020-07-01 to 2020-09-30144,761USD92
2020-01-01 to 2020-09-30365,265USD274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2021-01-01 to 2021-09-30960,672USD273
2020-01-01 to 2020-09-30503,367USD274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2021-09-30-10,491,678USD
At 2020-12-31-7,956,862USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2021-07-01 to 2021-09-3020,502,034shares92
2021-01-01 to 2021-09-3020,046,331shares273
2020-07-01 to 2020-09-3019,426,400shares92
2020-01-01 to 2020-09-3019,396,993shares274

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2021-07-01 to 2021-09-3022,903,347shares92
2021-01-01 to 2021-09-3020,181,766shares273
2020-07-01 to 2020-09-3019,426,400shares92
2020-01-01 to 2020-09-3019,396,993shares274

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-0.02USD/shares92
2021-01-01 to 2021-09-30-0.13USD/shares273
2020-07-01 to 2020-09-30-0.05USD/shares92
2020-01-01 to 2020-09-30-0.19USD/shares274

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-0.02USD/shares92
2021-01-01 to 2021-09-30-0.16USD/shares273
2020-07-01 to 2020-09-30-0.05USD/shares92
2020-01-01 to 2020-09-30-0.19USD/shares274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2021-07-01 to 2021-09-303USD92
2021-01-01 to 2021-09-30628USD273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2020-12-31302USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-545,532USD92
2021-01-01 to 2021-09-30-1,965,880USD273
2020-07-01 to 2020-09-30-464,491USD92
2020-01-01 to 2020-09-30-1,270,163USD274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2021-09-30142,316USD
At 2020-12-31439,916USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2021-07-01 to 2021-09-30162,279USD92
2021-01-01 to 2021-09-30721,576USD273
2020-07-01 to 2020-09-301,355,356USD92
2020-01-01 to 2020-09-302,991,591USD274

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2021-09-306,692,294USD
At 2020-12-315,205,766USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2021-09-3015,352USD
At 2020-12-311,460USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2021-07-01 to 2021-09-30620,100USD92
2021-01-01 to 2021-09-302,156,876USD273
2020-07-01 to 2020-09-30490,751USD92
2020-01-01 to 2020-09-301,349,113USD274

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2021-09-301,814USD
At 2020-12-311,461USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-3074,568USD92
2021-01-01 to 2021-09-30190,996USD273
2020-07-01 to 2020-09-3026,260USD92
2020-01-01 to 2020-09-3078,950USD274

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2021-07-01 to 2021-09-30154,533USD92
2021-01-01 to 2021-09-30386,646USD273
2020-07-01 to 2020-09-3064,681USD92
2020-01-01 to 2020-09-30208,026USD274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2021-09-3020,526,349shares
At 2020-12-3119,628,258shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2021-09-303,924,999USD
At 2020-12-313,144,490USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2021-09-30-3,825USD
At 2020-12-31-4,080USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-09-3040,093USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2021-09-3042,375USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2021-09-3057,838USD
At 2020-12-3193,807USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-317,682USD92
2021-01-01 to 2021-09-30-2,534,188USD273
2020-07-01 to 2020-09-30-945,359USD92
2020-01-01 to 2020-09-30-3,712,882USD274

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-317,685USD92
2021-04-01 to 2021-06-30980,698USD91
2021-01-01 to 2021-03-31-3,197,829USD90
2020-07-01 to 2020-09-30-945,359USD92
2020-04-01 to 2020-06-30-1,815,863USD91
2020-01-01 to 2020-03-31-951,660USD91

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-317,601USD92
2021-01-01 to 2021-09-30-2,534,561USD273
2020-07-01 to 2020-09-30-945,088USD92
2020-01-01 to 2020-09-30-3,713,470USD274

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2021-07-01 to 2021-09-30209,856USD92
2021-01-01 to 2021-09-301,078,948USD273
2020-07-01 to 2020-09-30237,589USD92
2020-01-01 to 2020-09-30647,364USD274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2021-01-01 to 2021-09-30302USD273
2020-01-01 to 2020-09-301,027USD274

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2021-07-01 to 2021-09-30227,850USD92
2021-01-01 to 2021-09-30-568,308USD273
2020-07-01 to 2020-09-30-480,868USD92
2020-01-01 to 2020-09-30-2,442,719USD274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2021-01-01 to 2021-09-3014,533USD273
2020-01-01 to 2020-09-309,867USD274

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2021-01-01 to 2021-09-3029,442USD273
2020-01-01 to 2020-09-306,667USD274

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2021-01-01 to 2021-09-301,155USD273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-3013,892USD273
2020-01-01 to 2020-09-30-864USD274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-30353USD273
2020-01-01 to 2020-09-304,084USD274

Inspect the source

Entity
BRAIN SCIENTIFIC INC. / CIK 0001662382
Captured
SEC response SHA-256
65e17d0e702756b77c9b53df1319f658664a8db70c1434c3f7959f007a39e761

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001662382.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))