BRAIN SCIENTIFIC INC.: 10-Q filed 2022-11-14

Name: BRAIN SCIENTIFIC INC.: 10-Q filed 2022-11-14
Creator: BRAIN SCIENTIFIC INC.

What BRAIN SCIENTIFIC INC. reported in its quarterly report filed 2022-11-14 (fiscal Q3 2022): 47 published measures, 136 facts as tagged in accession 0001213900-22-071879.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-14
Fiscal period: fiscal Q3 2022
Accession: 0001213900-22-071879 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.

Period	Value	Unit	Days
At 2022-09-30	14,021,816	USD
At 2021-12-31	13,375,216	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-09-30	6,835,144	USD
At 2021-12-31	14,070,149	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2022-09-30	7,186,672	USD
At 2021-12-31	-694,933	USD

Net income or loss

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

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-4,436,753	USD	92
2022-01-01 to 2022-09-30	-9,110,360	USD	273
2022-04-01 to 2022-06-30	-2,513,669	USD	91
2022-01-01 to 2022-03-31	-2,159,938	USD	90
2021-07-01 to 2021-09-30	-1,800,839	USD	92
2021-01-01 to 2021-09-30	-3,575,585	USD	273
2021-04-01 to 2021-06-30	-1,120,742	USD	91
2021-01-01 to 2021-03-31	-654,004	USD	90

Operating cash flow

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

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-4,691,693	USD	273
2021-01-01 to 2021-09-30	-2,791,561	USD	273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	27,466	USD	273
2021-01-01 to 2021-09-30	38,339	USD	273

Revenue

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

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	11,432	USD	92
2022-01-01 to 2022-09-30	209,484	USD	273
2021-07-01 to 2021-09-30	5,275	USD	92
2021-01-01 to 2021-09-30	14,482	USD	273

Financing cash flow

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

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	6,018,610	USD	273
2021-01-01 to 2021-09-30	3,469,982	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-27,466	USD	273
2021-01-01 to 2021-09-30	-641,406	USD	273

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2022-09-30	-31,389,283	USD
At 2021-12-31	-22,278,923	USD

Basic weighted-average shares

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

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	105,401,858	shares	92
2022-01-01 to 2022-09-30	72,516,279	shares	273
2021-07-01 to 2021-09-30	29,520,454	shares	92
2021-01-01 to 2021-09-30	29,520,454	shares	273

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	105,401,858	shares	92
2022-01-01 to 2022-09-30	72,516,279	shares	273
2021-07-01 to 2021-09-30	29,520,454	shares	92
2021-01-01 to 2021-09-30	29,520,454	shares	273

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-0.04	USD/shares	92
2022-01-01 to 2022-09-30	-0.13	USD/shares	273
2021-07-01 to 2021-09-30	-0.06	USD/shares	92
2021-01-01 to 2021-09-30	-0.12	USD/shares	273

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-0.04	USD/shares	92
2022-01-01 to 2022-09-30	-0.13	USD/shares	273
2021-07-01 to 2021-09-30	-0.06	USD/shares	92
2021-01-01 to 2021-09-30	-0.12	USD/shares	273

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.

Period	Value	Unit	Days
At 2022-09-30	124,740	USD
At 2021-12-31	122,979	USD

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-4,018,087	USD	92
2022-01-01 to 2022-09-30	-8,105,195	USD	273
2021-07-01 to 2021-09-30	-1,732,482	USD	92
2021-01-01 to 2021-09-30	-3,505,349	USD	273

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.

Period	Value	Unit	Days
At 2022-09-30	2,452,737	USD
At 2021-12-31	1,131,774	USD

Interest expense

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

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	703,232	USD	92
2022-01-01 to 2022-09-30	2,589,486	USD	273
2021-07-01 to 2021-09-30	68,357	USD	92
2021-01-01 to 2021-09-30	182,574	USD	273

Current liabilities

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

Period	Value	Unit	Days
At 2022-09-30	6,805,994	USD
At 2021-12-31	4,343,509	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2022-09-30	913,184	USD
At 2021-12-31	913,184	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-09-30	10,343,538	USD
At 2021-12-31	10,920,577	USD

Net current accounts receivable

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

Period	Value	Unit	Days
At 2022-09-30	5,971	USD
At 2021-12-31	16,922	USD

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	4,025,461	USD	92
2022-01-01 to 2022-09-30	8,165,978	USD	273
2021-07-01 to 2021-09-30	1,733,614	USD	92
2021-01-01 to 2021-09-30	3,511,991	USD	273

Net inventory

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

Period	Value	Unit	Days
At 2022-09-30	126,132	USD
At 2021-12-31	146,090	USD

Gross profit

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

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	7,374	USD	92
2022-01-01 to 2022-09-30	60,783	USD	273
2021-07-01 to 2021-09-30	1,132	USD	92
2021-01-01 to 2021-09-30	6,642	USD	273

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	56,684	USD	92
2022-01-01 to 2022-09-30	224,405	USD	273
2021-07-01 to 2021-09-30	48,282	USD	92
2021-01-01 to 2021-09-30	147,324	USD	273

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	56,684	USD	92
2022-01-01 to 2022-09-30	224,405	USD	273
2021-07-01 to 2021-09-30	48,282	USD	92
2021-01-01 to 2021-09-30	147,324	USD	273

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.

Period	Value	Unit	Days
At 2022-09-30	105,401,858	shares
At 2021-12-31	50,217,308	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-09-30	2,029,839	USD
At 2021-12-31	785,363	USD
At 2021-09-30	105,958	USD
At 2020-12-31	68,943	USD

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.

Period	Value	Unit	Days
At 2022-09-30	38,474,527	USD
At 2021-12-31	21,537,763	USD

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.

Period	Value	Unit	Days
At 2022-09-30	-3,974	USD
At 2021-12-31	-3,990	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2022-09-30	7,186,672	USD
At 2022-06-30	8,996,516	USD
At 2022-03-31	-2,488,880	USD
At 2021-12-31	-694,933	USD
At 2021-09-30	-5,583,173	USD
At 2021-06-30	-3,782,334	USD
At 2021-03-31	-2,661,592	USD
At 2020-12-31	-2,007,588	USD

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.

Period	Value	Unit	Days
At 2022-09-30	107,617	USD
At 2021-12-31	191,702	USD

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.

Period	Value	Unit	Days
At 2022-09-30	110,162	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-09-30	91,686	USD
At 2021-12-31	65,982	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2022-09-30	10,343,538	USD
At 2021-12-31	10,920,577	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2022-09-30	2,653,036	USD
At 2021-12-31	2,987,264	USD

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.

Period	Value	Unit	Days
At 2022-09-30	11,352	USD
At 2021-12-31	46,170	USD

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-4,436,753	USD	92
2022-01-01 to 2022-09-30	-9,110,360	USD	273
2021-07-01 to 2021-09-30	-1,800,839	USD	92
2021-01-01 to 2021-09-30	-3,575,585	USD	273

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-4,435,415	USD	92
2022-01-01 to 2022-09-30	-9,110,344	USD	273
2021-07-01 to 2021-09-30	-1,800,839	USD	92
2021-01-01 to 2021-09-30	-3,575,585	USD	273

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	1,083,778	USD	92
2022-01-01 to 2022-09-30	3,628,337	USD	273
2021-07-01 to 2021-09-30	1,177,077	USD	92
2021-01-01 to 2021-09-30	2,292,775	USD	273

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.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	602,744	USD	273
2021-01-01 to 2021-09-30	19,736	USD	273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	577,039	USD	92
2022-01-01 to 2022-09-30	192,365	USD	273

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.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-418,666	USD	92
2022-01-01 to 2022-09-30	-1,005,165	USD	273
2021-07-01 to 2021-09-30	-68,357	USD	92
2021-01-01 to 2021-09-30	-70,236	USD	273

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.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	106,039	USD	273

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.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-10,951	USD	273
2021-01-01 to 2021-09-30	2,529	USD	273

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.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-19,958	USD	273
2021-01-01 to 2021-09-30	62,239	USD	273

Inspect the source

Entity: BRAIN SCIENTIFIC INC. / CIK 0001662382
Captured: 2026-09-22 19:53 UTC
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.

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import json
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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"])))