DELAWARE
|
25-1741849
| |
State or Other jurisdiction of
Incorporation or Organization
|
I.R.S. Employer Identification No.
|
c/o Mymetics SA
Route de la Corniche 4
Epalinges, Switzerland
|
CH-1066
| |
Address of Principal Executive Offices
|
Zip Code
|
011 41 21 653 4535
|
Registrant's Telephone Number, Including Area Code
|
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report
|
Title of each class
|
Trading
Symbol(s)
|
Name of each exchange on which registered
| ||
Common Stock, Par Value $0.01 per share
|
MYMX
|
OTCQB venture stage marketplace
|
Large accelerated filer☐
|
Accelerated filer☐
| |||
Non-accelerated filer☐
|
Smaller reporting company☒
| |||
Emerging growth company☐
|
Class
|
Outstanding at November 13, 2020
| |
Common Stock, $0.01 par value
|
303,757,622
|
September 30,
2020 |
December 31,
2019
| |
(unaudited)
| ||
ASSETS
| ||
Current Assets
| ||
Cash
|
€623
|
€683
|
Receivables
|
19
|
164
|
Prepaid expenses
|
124
|
85
|
Total current assets
|
766
|
932
|
Property and equipment, net of accumulated depreciation of €458 at September 30, 2020
and €445 at December 31, 2019
|
44
|
52
|
Right-of-Use Asset
|
154
|
230
|
Goodwill
|
6,671
|
6,671
|
Total assets
|
€7,635
|
€7,885
|
LIABILITIES AND SHAREHOLDERS' DEFICIT
| ||
Current Liabilities
| ||
Accounts payable
|
€58
|
€167
|
Deferred revenue
|
6
|
--
|
Operating Lease Liability
|
102
|
102
|
Non-convertible notes payable and related accrued interest to related parties
|
6,512
|
5,308
|
Convertible notes payable and related accrued interest to related parties
|
55,175
|
53,378
|
Total current liabilities
|
61,853
|
58,955
|
Long Term Liabilities
| ||
Debt-Principal Payable to the Federal Financing Bank
|
156
|
--
|
Operating lease liability
|
52
|
128
|
Total long-term liabilities
|
208
|
128
|
Total liabilities
|
62,061
|
59,083
|
Commitments and Contingencies (Note 3)
| ||
Shareholders' Deficit
| ||
Common stock, U.S. $0.01 par value; 1,200,000,000 shares authorized; issued and
outstanding 303,757,622 at September 30, 2020 and at December 31, 2019
|
2,530
|
2,530
|
Preferred stock, U.S. $0.01 par value; 5,000,000 shares authorized; none issued nor
outstanding
|
--
|
--
|
Additional paid-in capital
|
34,443
|
34,443
|
Accumulated deficit
|
(92,095)
|
(88,862)
|
Accumulated other comprehensive income
|
696
|
691
|
Total shareholders' deficit
|
(54,426)
|
(51,198)
|
Total liabilities and shareholders' deficit
|
€7,635
|
€7,885
|
For The Three Months Ended
September 30,
|
For The Nine Months Ended
September 30,
| |||
2020
|
2019
|
2020
|
2019
| |
Revenue
| ||||
Research and development
|
€--
|
€--
|
€28
|
€--
|
Grants
|
12
|
242
|
401
|
370
|
12
|
242
|
429
|
370
| |
Expenses
| ||||
Research and development
|
215
|
295
|
789
|
720
|
General and administrative
|
254
|
243
|
875
|
770
|
Other (income) expense
|
(106)
|
122
|
(47)
|
165
|
363
|
660
|
1,617
|
1,655
| |
Operating Loss
|
(351)
|
(418)
|
(1,188)
|
(1,285)
|
Interest expense
|
679
|
671
|
2,030
|
2,004
|
Loss before income tax provision
|
(1,030)
|
(1,089)
|
(3,218)
|
(3,289)
|
Income tax provision
|
(8)
|
(5)
|
(15)
|
(15)
|
Net Loss
|
(1,038)
|
(1,094)
|
(3,233)
|
(3,304)
|
Other comprehensive income
| ||||
Foreign currency translation adjustment
|
(2)
|
5
|
5
|
11
|
Comprehensive loss
|
€(1,040)
|
€(1,089)
|
€(3,228)
|
€(3,293)
|
Basic and dilutive earnings per share
|
€(0.00)
|
€(0.00)
|
€(0.01)
|
€(0.01)
|
Weighted-average shares outstanding, basic and diluted
|
303,757,622
|
303,757,622
|
303,757,622
|
303,757,622
|
Three and Nine-month Period Ended September 30, 2019
| ||||||
Common Stock Number of Par
|
Additional Paid
|
Accumulated |
Accumulated Other Comprehensive | |||
Shares
|
Value |
in Capital
|
Deficit
|
Income
|
TOTAL | |
January 1, 2019
|
303,757,622
|
€2,530
|
€34,441
|
€(84,675)
|
€679
|
€(47,025)
|
Stock compensation expense
|
-
|
-
|
2
|
-
|
-
|
2
|
Net loss
|
-
|
-
|
-
|
(1,228)
|
-
|
(1,228)
|
Other comprehensive loss:
| ||||||
Translation adjustment
|
-
|
-
|
-
|
-
|
5
|
5
|
March 31, 2019
|
303,757,622
|
2,530
|
34,443
|
(85,903)
|
684
|
(48,246)
|
Stock compensation expense
|
-
|
-
|
-
|
-
|
-
|
-
|
Net loss
|
-
|
-
|
-
|
(982)
|
-
|
(982)
|
Other comprehensive loss:
| ||||||
Translation adjustment
|
-
|
-
|
-
|
-
|
1
|
1
|
June 30, 2019
|
303,757,622
|
€2,530
|
€34,443
|
€(86,885)
|
€685
|
€(49,227)
|
Stock compensation expense
|
-
|
-
|
-
|
-
|
-
|
-
|
Net loss
|
-
|
-
|
-
|
(1,094)
|
-
|
(1,094)
|
Other comprehensive loss:
| ||||||
Translation adjustment
|
-
|
-
|
-
|
-
|
5
|
5
|
September 30, 2019
|
303,757,622
|
€2,530
|
€34,443
|
€(87,879)
|
€690
|
€(50,316)
|
Three and Nine-month Period Ended September 30, 2020
| ||||||
Common Stock Number of Par
|
Additional Paid
|
Accumulated |
Accumulated Other Comprehensive | |||
Shares |
Value |
in Capital
|
Deficit
|
Income |
TOTAL | |
January 1, 2020
|
303,757,622
|
€2,530
|
€34,443
|
€(88,862)
|
€691
|
€(51,198)
|
Stock compensation expense
|
-
|
-
|
-
|
-
|
-
|
-
|
Net loss
|
-
|
-
|
-
|
(1,164)
|
-
|
(1,164)
|
Other comprehensive loss:
| ||||||
Translation adjustment
|
-
|
-
|
-
|
-
|
7
|
7
|
March 31, 2020
|
303,757,622
|
2,530
|
34,443
|
(90,026)
|
698
|
(52,355)
|
Stock compensation expense
|
-
|
-
|
-
|
-
|
-
|
-
|
Net loss
|
-
|
-
|
-
|
(1,031)
|
-
|
(1,031)
|
Other comprehensive loss:
| ||||||
Translation adjustment
|
-
|
-
|
-
|
-
|
-
|
1
|
June 30, 2020
|
303,757,622
|
2,530
|
€34,443
|
€(91,057)
|
€698
|
€(53,386)
|
Stock compensation expense
|
-
|
-
|
-
|
-
|
-
|
-
|
Net loss
|
-
|
-
|
-
|
(1,038)
|
-
|
(1,038)
|
Other comprehensive loss:
| ||||||
Translation adjustment
|
-
|
-
|
-
|
-
|
(2)
|
(2)
|
September 30, 2020
|
303,757,622
|
€2,530
|
€34,443
|
€(92,095)
|
€696
|
€(54,426)
|
For The Nine Months Ended
|
For The Nine Months Ended
| |
September 30, 2020
|
September 30, 2019
| |
Cash Flow from Operating Activities
| ||
Net loss
|
€(3,233)
|
€$(3,304)
|
Adjustments to reconcile net loss to net cash used in operating activities
| ||
Depreciation
|
13
|
14
|
Stock compensation expense - options
|
--
|
2
|
Changes in operating assets and liabilities
| ||
Receivables
|
145
|
423
|
Accrued interest on convertible notes payable
|
1,797
|
2,058
|
Accrued interest on non-convertible notes payable
|
104
|
78
|
Accounts payable
|
(109)
|
6
|
Deferred revenue from grants
|
6
|
29
|
Other
|
(39)
|
(80)
|
Net cash used in operating activities
|
(1,316)
|
(774)
|
Cash Flows from Investing Activities
| ||
Purchase of property and equipment
|
(5)
|
--
|
Net cash used in investing activities
|
(5)
|
--
|
Cash Flows from Financing Activities
| ||
Proceeds from borrowing on line of credit with federal bank
|
156
| |
Proceeds from issuance of non-convertible notes
|
1,100
|
600
|
Net cash provided by financing activities
|
1,256
|
600
|
Effect on foreign exchange rate on cash
|
5
|
11
|
Net change in cash
|
(60)
|
(163)
|
Cash, beginning of period
|
683
|
479
|
Cash, end of period
|
€623
|
€316
|
Supplemental Disclosure of Cash Flow Information:
| ||
Cash paid for interest
|
€--
|
€--
|
Cash paid for taxes
|
(7)
|
(15)
|
Fixed
| ||||||
Conversion
|
Rate
| |||||
Lender
|
1st-Issue
|
Principal
|
Duration
|
Interest
|
Price
|
EUR/USD
|
Price
|
Date
|
Amount
|
(Note)
|
Rate
|
(stated)
|
Conversion
|
Eardley Holding A.G. (1)
|
06/23/2006
|
€162
|
(2)
|
10% pa
|
$0.10
|
N/A
|
Anglo Irish Bank S.A.(3)
|
10/21/2007
|
€500 |
(2)
|
10% pa
|
$0.50
|
1.4090
|
Round Enterprises Ltd.
|
12/10/2007
|
€1,500 |
(2)
|
10% pa
|
$0.50
|
1.4429
|
Round Enterprises Ltd.
|
01/22/2008
|
€1,500 |
(2)
|
10% pa
|
$0.50
|
1.4629
|
Round Enterprises Ltd.
|
04/25/2008
|
€2,000 |
(2)
|
10% pa
|
$0.50
|
1.5889
|
Round Enterprises Ltd.
|
06/30/2008
|
€1,500 |
(2)
|
10% pa
|
$0.50
|
1.5380
|
Round Enterprises Ltd.
|
11/18/2008
|
€1,200 |
(2)
|
10% pa
|
$0.50
|
1.2650
|
Round Enterprises Ltd.
|
02/09/2009
|
€1,500 |
(2)
|
10% pa
|
$0.50
|
1.2940
|
Round Enterprises Ltd.
|
06/15/2009
|
€5,500 |
(2,4)
|
10% pa
|
$0.80
|
1.4045
|
Eardley Holding A.G.
|
06/15/2009
|
€100 |
(2,4)
|
10% pa
|
$0.80
|
1.4300
|
Von Meyenburg
|
08/03/2009
|
€200 |
(2)
|
10% pa
|
$0.80
|
1.4400
|
Round Enterprises Ltd.
|
10/13/2009
|
€2,000 |
(2)
|
5% pa
|
$0.25
|
1.4854
|
Round Enterprises Ltd.
|
12/18/2009
|
€2,200 |
(2)
|
5% pa
|
$0.25
|
1.4338
|
Round Enterprises Ltd.
|
08/04/2011
|
€1,024 |
(5,6)
|
10% pa
|
$0.034
|
N/A
|
Eardley Holding A.G.
|
08/04/2011
|
€256 |
(5,6)
|
10% pa
|
$0.034
|
N/A
|
Round Enterprises Ltd.
|
11/08/2011
|
€400 |
(6)
|
10% pa
|
$0.034
|
1.3787
|
Eardley Holding A.G.
|
11/08/2011
|
€100 |
(6)
|
10% pa
|
$0.034
|
1.3787
|
Round Enterprises Ltd.
|
02/10/2012
|
€1,000 |
(6)
|
10% pa
|
$0.034
|
1.3260
|
Eardley Holding A.G.
|
02/14/2012
|
€200 |
(6)
|
10% pa
|
$0.034
|
1.3260
|
Round Enterprises Ltd.
|
04/19/2012
|
€322 |
(6)
|
10% pa
|
$0.034
|
1.3100
|
Eardley Holding A.G.
|
04/19/2012
|
€80 |
(6)
|
10% pa
|
$0.034
|
1.3100
|
Round Enterprises Ltd.
|
05/04/2012
|
€480 |
(6)
|
10% pa
|
$0.034
|
1.3152
|
Eardley Holding A.G.
|
05/04/2012
|
€120 |
(6)
|
10% pa
|
$0.034
|
1.3152
|
Round Enterprises Ltd.
|
09/03/2012
|
€200 |
(6)
|
10% pa
|
$0.034
|
1.2576
|
Eardley Holding A.G.
|
09/03/2012
|
€50 |
(6)
|
10% pa
|
$0.034
|
1.2576
|
Round Enterprises Ltd.
|
11/14/2012
|
€500 |
(6)
|
10% pa
|
$0.034
|
1.2718
|
Eardley Holding A.G.
|
12/06/2012
|
€125 |
(6)
|
10% pa
|
$0.034
|
1.3070
|
Round Enterprises Ltd.
|
01/16/2013
|
€240 |
(6)
|
10% pa
|
$0.034
|
1.3318
|
Eardley Holding A.G.
|
01/16/2013
|
€60 |
(6)
|
10% pa
|
$0.034
|
1.3318
|
Round Enterprises Ltd.
|
03/25/2013
|
€400 |
(6)
|
10% pa
|
$0.037
|
1.2915
|
Eardley Holding A.G.
|
04/14/2013
|
€150 |
(6)
|
10% pa
|
$0.034
|
1.3056
|
Round Enterprises Ltd.
|
04/14/2013
|
€600 |
(6)
|
10% pa
|
$0.034
|
1.3056
|
Eardley Holding A.G.
|
05/15/2013
|
€170 |
(6)
|
10% pa
|
$0.037
|
1.2938
|
Round Enterprises Ltd.
|
05/15/2013
|
€680 |
(6)
|
10% pa
|
$0.037
|
1.2938
|
Eardley Holding A.G.
|
06/24/2013
|
€60 |
(6)
|
10% pa
|
$0.025
|
1.3340
|
Round Enterprises Ltd.
|
06/24/2013
|
€240 |
(6)
|
10% pa
|
$0.025
|
1.3340
|
Eardley Holding A.G.
|
08/05/2013
|
€80 |
(6)
|
10% pa
|
$0.018
|
1.3283
|
Round Enterprises Ltd.
|
08/05/2013
|
€320 |
(6)
|
10% pa
|
$0.018
|
1.3283
|
Eardley Holding A.G.
|
03/01/2017
|
€230 |
(2)
|
2.5% pa
|
N/A
|
N/A
|
Round Enterprises Ltd.
|
03/01/2017
|
€920 |
(2)
|
2.5% pa
|
N/A
|
N/A
|
Eardley Holding A.G.
|
10/18/2017
|
€230 |
(2)
|
2.5% pa
|
N/A
|
N/A
|
Round Enterprises Ltd.
|
10/18/2017
|
€920 |
(2)
|
2.5% pa
|
N/A
|
N/A
|
Eardley Holding A.G.
|
06/01/2018
|
€160 |
(7)
|
2.5% pa
|
N/A
|
N/A
|
Round Enterprises Ltd.
|
06/01/2018
|
€640 |
(7)
|
2.5% pa
|
N/A
|
N/A
|
Eardley Holding A.G.
|
11/10/2018
|
€160 |
(7)
|
2.5% pa
|
N/A
|
N/A
|
Round Enterprises Ltd.
|
11/10/2018
|
€640 |
(7)
|
2.5% pa
|
N/A
|
N/A
|
Eardley Holding A.G.
|
06/15/2019
|
€120 |
(8)
|
2.5% pa
|
N/A
|
N/A
|
Round Enterprises Ltd.
|
06/15/2019
|
€480 |
(8)
|
2.5% pa
|
N/A
|
N/A
|
Eardley Holding A.G.
|
12/20/2019
|
€120 |
(9)
|
2.5% pa
|
N/A
|
N/A
|
Round Enterprises Ltd.
|
12/20/2019
|
€480 |
(9)
|
2.5% pa
|
N/A
|
N/A
|
Eardley Holding AG
|
06/15/2020
|
€220 |
(10)
|
2.5% pa
|
N/A
|
N/A
|
Round Enterprises Ltd.
|
06/15/2020
|
€880 |
(10)
|
2.5% pa
|
N/A
|
N/A
|
Total Short Term Principal Amounts
|
€33,919 | |||||
Accrued Interest
|
€27,768 | |||||
TOTAL LOANS AND NOTES
|
€61,687 |
EXHIBIT NUMBER
|
DESCRIPTION
|
Rule 13a-14(a)/15d-14(a) Certification of Chief
| |
Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
| |
Section 1350 Certification of Chief Executive Officer and Chief Financial Officer
| |
101.INS
|
Instance Document
|
101.SCH
|
XBRL Taxonomy Extension Schema Document
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
101.LAB
|
XBRL Taxonomy Extension Label Linkbase Document
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
MYMETICS CORPORATION
| |||
Dated: March 22, 2021 |
By:
|
/s/ Ronald Kempers
| |
Chief Executive Officer / Chief Financial Officer
| |||
Attachments
- Original document
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Disclaimer
Mymetics Corporation published this content on 23 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2021 10:08:05 UTC.