UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38659 BIOSIG TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 26-4333375 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share BSGM The NASDAQ Capital Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Corporate Presentation Spring 2020 S Y M BOL : BSG M 1 NASDAQ : BSGM Disclaimer This presentation contains forward-looking statements including statements that address activities, events or developments that BioSig expects, believes or anticipates will or may occur in the future, such as predictions of financial performance, approvals and launches by BioSig of new products, market acceptance of BioSig's products, market and procedure projections, financing plans, and related documents. Forward-looking state ...

Start Time: 11:00 January 1, 0000 11:47 AM ET BioSig Technologies, Inc. (OTCQB:BSGM) Special Call June 09, 2020, 11:00 AM ET Company Participants Ken Londoner - Chairman and CEO, BioSig Technologies Nick Spring - CEO, ViralClear Pharmaceuticals Steve King - COO, ViralClear pharmaceuticals Jerry Zeldis - Executive Chair, ViralClear Pharmaceuticals Andrew Ballou - VP, IR Conference Call Participants Yale Jen - Laidlaw & Company Scott Henry - ROTH Capital Gary Zwetchkenbaum - Plum Tree Consulting Todd Ammons - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38659 BIOSIG TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 26-4333375 (State or other jurisdiction ...

Summary of BioSig Technologies, Inc. and ViralClear Pharmaceuticals Conference Call Company and Industry Overview - **Company**: BioSig Technologies, Inc. (OTCQB: BSGM) and its subsidiary ViralClear Pharmaceuticals - **Industry**: Pharmaceutical industry focusing on antiviral drug development, particularly in response to COVID-19 Key Points and Arguments 1. **Introduction of ViralClear**: BioSig is focusing on its new subsidiary, ViralClear, which is developing the drug candidate Vicromax for treating COVID-19. Vicromax was previously developed for chronic hepatitis C and has shown promise against COVID-19 in preclinical tests [9][10][11]. 2. **Funding and Spin-off Plans**: BioSig has secured over $12 million in cash and plans to fund ViralClear through direct investments rather than selling BioSig stock. The intention is to spin off ViralClear into a public entity on NASDAQ, allowing BioSig shareholders to retain ownership in the new company [12][11]. 3. **Drug Development Timeline**: ViralClear aims to file an Investigational New Drug (IND) application soon, with human trials expected to start in May 2020. If successful, pivotal phase development could occur over the summer [21][20]. 4. **Mechanism of Action**: Vicromax (MMPD) targets RNA-dependent RNA polymerase and has shown activity against various RNA viruses, including SARS-CoV-2. The drug's mechanism involves inhibiting an enzyme crucial for viral replication, potentially preventing the emergence of resistant viral strains [27][60][31]. 5. **Collaboration with Mayo Clinic**: Dr. Andrew Badley from the Mayo Clinic is involved in overseeing the clinical trials for MMPD. The Mayo Clinic is considering a financial investment in ViralClear, indicating a strong partnership [24][26]. 6. **Market Positioning**: The company does not view other antiviral candidates as direct competition but rather as potential collaborators for combination therapies. This approach aims to reduce the risk of viral resistance [42][50]. 7. **Regulatory Environment**: The FDA has established a task force to expedite the review of drugs for COVID-19, which may facilitate a faster path to market for ViralClear's products [67][66]. 8. **Commercial Strategy**: ViralClear plans to utilize a virtual drug development model, contracting manufacturing resources in the U.S. and Europe to ensure supply for clinical and commercial needs [34][33]. Additional Important Information - **Intellectual Property**: ViralClear possesses a robust intellectual property portfolio, which is crucial for its competitive positioning in the market [21]. - **Clinical Trial Design**: The trials will focus on various endpoints, including viral load and clinical symptoms, to assess the drug's efficacy [75][74]. - **Future Outlook**: The company sees potential for MMPD to be stockpiled for future pandemics, emphasizing its long-term business viability beyond the current crisis [88][89]. This summary encapsulates the critical aspects of the conference call, highlighting the strategic direction of BioSig Technologies and its subsidiary ViralClear in the context of antiviral drug development amidst the COVID-19 pandemic.

Part I [Business](index=4&type=section&id=Item%201.%20Business) BioSig Technologies is a commercial-stage medical device company focused on its PURE EP™ System for cardiac procedures, expanding into neurology [Business Overview and Product](index=4&type=section&id=Business%20Overview%20and%20Product) BioSig is a commercial-stage medical device company focused on its FDA-cleared PURE EP™ System for cardiac signal processing - BioSig is a commercial-stage medical device company commercializing its proprietary PURE EP™ System, a biomedical signal processing technology platform, which received FDA 510(k) clearance in August 2018[18](index=18&type=chunk) - The PURE EP™ System is designed to acquire, process, and display high-fidelity intracardiac signals during electrophysiology (EP) procedures, aiming to improve accuracy for treating arrhythmias like Atrial Fibrillation (AF) and Ventricular Tachycardia (VT)[20](index=20&type=chunk)[21](index=21&type=chunk) - The company has conducted **24 pre-clinical studies**, primarily at the Mayo Clinic, and commenced its first clinical trial in November 2019, enrolling **53 patients** as of March 13, 2020[23](index=23&type=chunk)[28](index=28&type=chunk) - While the company has no paying customers yet, it plans a commercial launch in 2020, targeting medical centers of excellence for initial system placements on a trial basis[26](index=26&type=chunk)[66](index=66&type=chunk) [Corporate Structure and Recent Developments](index=4&type=section&id=Corporate%20Structure%20and%20Recent%20Developments) BioSig formed NeuroClear Technologies, a majority-owned subsidiary, and secured financing for new product development - In November 2018, BioSig formed NeuroClear Technologies, Inc., a majority-owned subsidiary (**87.8% owned** as of March 13, 2020), to apply its PURE EP™ technology outside of electrophysiology[17](index=17&type=chunk) - In November 2019, BioSig and NeuroClear entered into three new patent and know-how license agreements with the Mayo Foundation to develop a new product pipeline, including solutions for autonomic nervous system diseases[31](index=31&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk) - NeuroClear raised approximately **$5.0 million** through private placements in 2019 to fund its initial operations, with shares including a provision to be exchanged for BioSig common stock under certain conditions[36](index=36&type=chunk)[37](index=37&type=chunk) - The company closed a registered direct offering on December 31, 2019, raising gross proceeds of approximately **$1.39 million**, and a "best efforts" underwritten offering in February 2020, raising approximately **$10 million**[29](index=29&type=chunk)[39](index=39&type=chunk) [Industry and Competition](index=7&type=section&id=Industry%20and%20Competition) The company operates in a competitive, growing electrophysiology market and is expanding into neurostimulation - The global electrophysiology (EP) device market is forecasted to grow at a **10.4% CAGR**, from **$4.54 billion** in 2017 to **$7.45 billion** in 2022, with the U.S. EP recording device market estimated at approximately **$548 million**[41](index=41&type=chunk) - The market is highly competitive, dominated by four large companies: GE Healthcare (CardioLab), Boston Scientific (LabSystem PRO), Siemens AG (Axiom Sensis XP), and Abbott Laboratories (EP-WorkMate), which BioSig believes are built on older technologies that can sacrifice signal fidelity[77](index=77&type=chunk)[78](index=78&type=chunk)[81](index=81&type=chunk) - The global neurostimulation devices market, relevant to the NeuroClear subsidiary, is projected to reach **$12.2 billion** by 2024, with North America being the largest market[95](index=95&type=chunk) [Intellectual Property and Regulation](index=15&type=section&id=Intellectual%20Property%20and%20Regulation) The company protects its PURE EP™ System with patents and has secured FDA 510(k) clearance for U.S. market entry - The company's owned patent portfolio includes **5 allowed/issued patents** and **13 pending worldwide utility patent applications** covering the PURE EP™ System, along with **21 allowed/issued worldwide design patents** for its GUI[110](index=110&type=chunk) - The PURE EP™ System is a Class II medical device and received FDA 510(k) clearance in August 2018, allowing it to be marketed in the U.S[18](index=18&type=chunk)[122](index=122&type=chunk) - The company plans to seek ISO 13485:2016 certification and CE Mark approval in 2021 to commercialize its products in the European Union[25](index=25&type=chunk)[75](index=75&type=chunk) [Risk Factors](index=21&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including operating losses, product commercialization dependency, regulatory hurdles, competition, and internal control weaknesses - As an early commercialization stage company with one product, BioSig expects to incur substantial additional operating losses and may not achieve profitability[139](index=139&type=chunk)[140](index=140&type=chunk) - The company's success is highly dependent on the successful commercialization of the PURE EP System, and failure to generate revenue from this product would materially harm the business[143](index=143&type=chunk)[144](index=144&type=chunk) - The medical device industry is subject to stringent FDA regulation, and while the PURE EP System has 510(k) clearance, any modifications or new indications may require new, expensive, and lengthy regulatory processes[155](index=155&type=chunk)[156](index=156&type=chunk)[158](index=158&type=chunk) - A material weakness in internal control over financial reporting was identified related to inadequate segregation of duties, which could prevent the accurate or timely reporting of financial results[255](index=255&type=chunk)[256](index=256&type=chunk) - The company depends on its collaboration with the Mayo Clinic for R&D, and termination of these agreements or issues with the licensed intellectual property could delay or halt the development of advanced product features[229](index=229&type=chunk)[230](index=230&type=chunk) [Unresolved Staff Comments](index=39&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - Not applicable[274](index=274&type=chunk) [Properties](index=39&type=section&id=Item%202.%20Properties) The company leases its principal executive and engineering offices, with future minimum lease payments totaling **$776,510** - Principal executive office is located at 54 Wilton Road, Westport, CT, under a sublease for approximately **4,343 sq. ft.** expiring in October 2021[275](index=275&type=chunk) - Engineering offices are located at 12424 Wilshire Boulevard, Los Angeles, CA, leasing approximately **4,000 sq. ft.** expiring in June 2021[276](index=276&type=chunk) Future Minimum Lease Payments | Year Ending December 31, | Future Minimum Lease Payments | | :--- | :--- | | 2020 | $455,124 | | 2021 | $321,386 | | **Total** | **$776,510** | [Legal Proceedings](index=39&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently aware of any material legal proceedings or claims - The company is not currently aware of any material legal proceedings[279](index=279&type=chunk) [Mine Safety Disclosures](index=39&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[281](index=281&type=chunk) Part II [Market for Common Equity and Stockholder Matters](index=40&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on Nasdaq, with **332** holders of record, and no cash dividends have been paid or are anticipated - The company's common stock began trading on the Nasdaq Capital Market on September 21, 2018, under the symbol "BSGM"[284](index=284&type=chunk) - As of March 13, 2020, there were approximately **332 holders of record** for the company's common stock[285](index=285&type=chunk) - The company has never paid cash dividends on its common stock and intends to retain capital for reinvestment[286](index=286&type=chunk) [Selected Financial Data](index=40&type=section&id=Item%206.%20Selected%20Financial%20Data) This item is not applicable - Not applicable[286](index=286&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=40&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The company reported a **$34.1 million net loss** in 2019 due to increased R&D and G&A expenses, with no revenue, but maintains sufficient liquidity Consolidated Statement of Operations Data (in US Dollars) | Description | 2019 | 2018 | Change (%) | | :--- | :--- | :--- | :--- | | **Revenues** | $0 | $0 | N/A | | **Research and Development Expenses** | $9,738,819 | $4,368,784 | 123% | | **General and Administrative Expenses** | $24,810,712 | $12,881,027 | 93% | | **Loss from Operations** | ($34,603,880) | ($17,262,214) | 100% | | **Net Loss Available to BioSig** | ($34,079,991) | ($18,136,053) | 88% | - The increase in R&D expenses was primarily due to higher payroll from staff increases, accelerated design work, and **$3.3 million** in acquired research and development related to warrants issued to the Mayo Foundation[304](index=304&type=chunk)[306](index=306&type=chunk)[308](index=308&type=chunk) - The increase in G&A expenses was driven by a rise in payroll and stock-based compensation to **$17.9 million** (from **$8.2 million** in 2018) and increased professional, consulting, and travel costs related to commercialization and fundraising[309](index=309&type=chunk)[310](index=310&type=chunk)[312](index=312&type=chunk) - As of December 31, 2019, the company had cash of **$12.1 million** and working capital of **$10.8 million**, and management believes existing cash, supplemented by a February 2020 offering, is sufficient to fund operations for at least one year[321](index=321&type=chunk)[332](index=332&type=chunk)[338](index=338&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=46&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This item is not applicable - Not applicable[343](index=343&type=chunk) [Financial Statements and Supplementary Data](index=47&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents audited financial statements for 2019 and 2018, including balance sheets, income statements, and cash flows, with an auditor's adverse opinion on internal controls Consolidated Balance Sheet Data (as of Dec 31, in US Dollars) | Metric | 2019 | 2018 | | :--- | :--- | :--- | | **Total Assets** | $14,217,113 | $4,996,832 | | Cash | $12,108,582 | $4,450,160 | | **Total Liabilities** | $2,340,673 | $1,197,563 | | **Total Stockholders' Equity** | $11,661,440 | $3,324,269 | Consolidated Statement of Operations Data (for the year ended Dec 31, in US Dollars) | Metric | 2019 | 2018 | | :--- | :--- | :--- | | Loss from Operations | ($34,603,880) | ($17,262,214) | | Net Loss | ($34,470,677) | ($17,251,317) | | Net Loss per Share (Basic & Diluted) | ($1.65) | ($1.25) | Consolidated Statement of Cash Flows Data (for the year ended Dec 31, in US Dollars) | Metric | 2019 | 2018 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | ($15,482,982) | ($10,255,427) | | Net Cash Used in Investing Activities | ($285,934) | ($307,679) | | Net Cash Provided by Financing Activities | $23,427,338 | $13,465,687 | [Changes in and Disagreements with Accountants](index=88&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no disagreements with its accountants on accounting and financial disclosure - None[673](index=673&type=chunk) [Controls and Procedures](index=88&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded disclosure controls were ineffective due to a material weakness in internal control over financial reporting, resulting in an adverse auditor opinion - Management concluded that disclosure controls and procedures were not effective as of December 31, 2019[674](index=674&type=chunk) - A material weakness was identified in internal control over financial reporting related to inadequate segregation of duties in business processes and financial systems[677](index=677&type=chunk)[690](index=690&type=chunk) - The independent auditor, Liggett & Webb, P.A., issued an adverse opinion on the company's internal control over financial reporting as of December 31, 2019[683](index=683&type=chunk) - The company has initiated a remediation plan in 2020, which includes adding personnel and third-party service providers to address the segregation of duties deficiencies[678](index=678&type=chunk) [Other Information](index=90&type=section&id=Item%209B.%20Other%20Information) The company reports no other information - None[692](index=692&type=chunk) Part III [Directors, Executive Compensation, and Corporate Governance](index=91&type=section&id=Items%2010-14) Information for Items 10-14 is incorporated by reference from the company's 2020 Definitive Proxy Statement - Information for Item 10 (Directors, Executive Officers and Corporate Governance), Item 11 (Executive Compensation), Item 12 (Security Ownership), Item 13 (Certain Relationships and Related Transactions), and Item 14 (Principal Accounting Fees and Services) is incorporated by reference from the 2020 Proxy Statement[695](index=695&type=chunk)[696](index=696&type=chunk)[697](index=697&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=92&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all documents filed as part of the Form 10-K, including consolidated financial statements and various exhibits - The filing includes the Consolidated Financial Statements and Notes to Consolidated Financial Statements[702](index=702&type=chunk) - A list of exhibits is provided, including the Amended and Restated Certificate of Incorporation, Bylaws, various material agreements, and certifications by the CEO and CFO[703](index=703&type=chunk)[704](index=704&type=chunk)[705](index=705&type=chunk) [Form 10-K Summary](index=94&type=section&id=Item%2016.%20Form%2010-K%20Summary) No Form 10-K summary is provided - None[708](index=708&type=chunk)

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section presents the company's unaudited condensed consolidated financial information, including statements and management's discussion and analysis [Financial Statements](index=3&type=section&id=ITEM%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for BioSig Technologies, Inc. as of September 30, 2019, and for the three and nine-month periods then ended [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's financial position, detailing assets, liabilities, and equity as of September 30, 2019, and December 31, 2018 Balance Sheet Highlights | Balance Sheet Highlights | Sep 30, 2019 (unaudited) | Dec 31, 2018 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $12,308,578 | $4,450,160 | | Total current assets | $12,882,521 | $4,628,602 | | Total assets | $14,221,328 | $4,996,832 | | **Liabilities & Equity** | | | | Total current liabilities | $1,213,402 | $1,197,563 | | Total liabilities | $1,588,569 | $1,197,563 | | Total stockholders' equity | $12,417,759 | $3,324,269 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) This section details the company's financial performance, including research and development, general and administrative expenses, and net loss for the three and nine months ended September 30, 2019 and 2018 Operating Results (unaudited) | Operating Results (unaudited) | Three Months Ended Sep 30, 2019 | Three Months Ended Sep 30, 2018 | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | :--- | :--- | | Research and development | $1,643,659 | $744,173 | $4,950,457 | $3,056,101 | | General and administrative | $3,841,189 | $2,405,722 | $14,380,898 | $8,492,070 | | Loss from operations | ($5,503,358) | ($3,152,872) | ($19,367,779) | ($11,556,977) | | Net loss | ($5,464,004) | ($3,150,929) | ($19,283,156) | ($11,554,686) | | Net loss per common share | ($0.25) | ($0.22) | ($0.96) | ($0.89) | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section outlines the company's cash inflows and outflows from operating, investing, and financing activities for the nine months ended September 30, 2019 and 2018 Cash Flow Summary (unaudited) | Cash Flow Summary (unaudited) | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net cash used in operating activities | ($11,581,686) | ($7,286,321) | | Net cash used in investing activities | ($194,888) | ($250,370) | | Net cash provided by financing activities | $19,634,992 | $13,268,632 | | Net increase in cash | $7,858,418 | $5,731,941 | | Cash, end of period | $12,308,578 | $7,279,520 | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations of the company's accounting policies and financial results, covering operations, going concern, equity, stock-based compensation, leases, and related party transactions - The company is a **pre-revenue** entity focused on improving cardiac recordings, having formed NeuroClear Technologies, Inc. in November 2018 for broader technology applications[32](index=32&type=chunk)[33](index=33&type=chunk) - Substantial doubt exists regarding the company's **going concern** ability due to recurring net losses and negative cash flows, despite holding **$12.3 million in cash** as of September 30, 2019, with management projecting sufficiency for at least the next 10 months[38](index=38&type=chunk) - The company adopted ASC 842 on January 1, 2019, recognizing approximately **$419,000 in ROU assets** and **$422,000 in lease liabilities**[61](index=61&type=chunk)[65](index=65&type=chunk) - During the first nine months of 2019, NeuroClear, an **89.8% majority-owned subsidiary**, sold **739,000 shares** for **$3.7 million** in net proceeds[98](index=98&type=chunk)[119](index=119&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operation) Management provides an overview of the business, a detailed analysis of operating results, and a discussion of liquidity and capital resources, highlighting increased losses and going concern risk [Business Overview](index=25&type=section&id=Business%20Overview) BioSig is a pre-commercial medical device company developing its PURE EP™ System for cardiac catheter ablation, with its subsidiary NeuroClear focusing on electroneurogram recordings - The company's initial product, the **PURE EP System**, a signal processing technology for cardiac catheter ablation, received **FDA 510(k) clearance** in August 2018[140](index=140&type=chunk)[141](index=141&type=chunk) - First-in-human clinical cases for the PURE EP™ System began in February 2019, demonstrating improved signal detection and fidelity[146](index=146&type=chunk) - The company is pursuing **ISO and MDSAP certification** by Q1 2020 and a **CE Mark** by Q2 2020 to enable international expansion[158](index=158&type=chunk) - Subsidiary NeuroClear Technologies, Inc. is developing technology for **electroneurogram (ENG) recordings**, utilizing the core PURE EP™ signal processing platform[162](index=162&type=chunk)[163](index=163&type=chunk) [Results of Operations](index=28&type=section&id=Results%20of%20Operations) The company reported no revenue, with significant increases in R&D and G&A expenses leading to substantial net losses for both the three and nine-month periods ended September 30, 2019 Expense Comparison (Three Months Ended Sep 30) | Expense Comparison (Three Months Ended Sep 30) | 2019 | 2018 | Change (%) | | :--- | :--- | :--- | :--- | | Research & Development | $1,643,659 | $744,173 | +120.9% | | General & Administrative | $3,841,189 | $2,405,722 | +59.7% | | Net Loss | ($5,448,343) | ($3,345,362) | +62.8% | Expense Comparison (Nine Months Ended Sep 30) | Expense Comparison (Nine Months Ended Sep 30) | 2019 | 2018 | Change (%) | | :--- | :--- | :--- | :--- | | Research & Development | $4,950,457 | $3,056,101 | +62.0% | | General & Administrative | $14,380,898 | $8,492,070 | +69.3% | | Net Loss | ($19,282,904) | ($12,335,032) | +56.3% | - The rise in **R&D expenses** was primarily driven by increased personnel, research studies, design work, and stock-based compensation as the company progresses towards commercialization[167](index=167&type=chunk)[183](index=183&type=chunk) - The increase in **G&A expenses** resulted from higher payroll, performance pay, increased stock-based compensation, and professional and consulting fees[172](index=172&type=chunk)[185](index=185&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity is characterized by **$12.3 million in cash** and **$11.7 million in working capital** as of September 30, 2019, with management acknowledging substantial doubt about going concern and the need for additional funding - As of September 30, 2019, the company held **$12.3 million in cash** and **$11.7 million in working capital**[195](index=195&type=chunk) - For the nine months ended September 30, 2019, **net cash used in operations was $11.6 million**, offset by **$19.6 million in net cash provided by financing activities** from stock sales and warrant/option exercises[195](index=195&type=chunk)[196](index=196&type=chunk)[198](index=198&type=chunk) - The independent auditor expressed **substantial doubt** about the company's **going concern** ability due to recurring net losses and negative cash flows[201](index=201&type=chunk) - Management projects a need for an additional **$4 million** to fund operations for the next 12 months, necessitating further fundraising efforts[204](index=204&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=34&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This disclosure is not required as the company qualifies as a "smaller reporting company" - This disclosure is **not required** for the company as it qualifies as a "smaller reporting company"[218](index=218&type=chunk) [Controls and Procedures](index=34&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective, with recent enhancements to internal controls over financial reporting - The CEO and CFO affirmed the **effectiveness of the company's disclosure controls and procedures** as of September 30, 2019[218](index=218&type=chunk) - During Q3 2019, the company enhanced internal controls by hiring a controller and upgrading financial systems to improve segregation of duties and oversight[219](index=219&type=chunk) [PART II. OTHER INFORMATION](index=35&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section provides additional information including legal proceedings, risk factors, equity sales, other corporate updates, and a list of exhibits [Legal Proceedings](index=35&type=section&id=ITEM%201.%20Legal%20Proceedings) The company reported no legal proceedings during the period - No legal proceedings were reported[222](index=222&type=chunk) [Risk Factors](index=35&type=section&id=ITEM%201A.%20Risk%20Factors) This disclosure is not required as the company qualifies as a "smaller reporting company" - This disclosure is **not required** for the company as it qualifies as a "smaller reporting company"[223](index=223&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company's subsidiary, NeuroClear Technologies, Inc., completed an unregistered private placement of **739,000 shares** for **$3.7 million** in net proceeds - From August 5 to September 5, 2019, subsidiary NeuroClear Technologies, Inc. sold **739,000 shares** of its common stock at **$5.00 per share**, raising an aggregate of **$3.7 million**[223](index=223&type=chunk) - The sale constituted an **unregistered private placement** to accredited investors, exempt under Section 4(a)(2) and Regulation D of the Securities Act[224](index=224&type=chunk) [Other Information](index=35&type=section&id=ITEM%205.%20Other%20Information) The Board of Directors approved an amendment to the company's bylaws regarding the term of office for elected directors - On October 17, 2019, the company amended its bylaws concerning the **term of office for elected directors**[227](index=227&type=chunk) [Exhibits](index=36&type=section&id=ITEM%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, material contracts, and certifications

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------------------------------|-----------------------------------------|----------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-55473 BIOSIG TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 26-4333375 (State or other jurisdiction ...