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GBS(INBS) - Prospectus(update)
2023-09-11 13:34
As filed with the Securities and Exchange Commission on September 11, 2023 Registration No. 333-273219 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INTELLIGENT BIO SOLUTIONS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Delaware 3829 82-1512711 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT ...
GBS(INBS) - Prospectus(update)
2023-09-05 20:16
As filed with the Securities and Exchange Commission on September 5, 2023 Registration No. 333-273219 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INTELLIGENT BIO SOLUTIONS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Delaware ...
GBS(INBS) - 2023 Q4 - Annual Report
2023-08-23 21:21
Revenue and Profit - Revenue for the year ended June 30, 2023, was $1,256,872, an increase from $0 in the previous year, attributed to the acquisition of Intelligent Fingerprinting Limited and the launch of fingerprint drug testing in the APAC region [317]. - Gross profit for the same period was $326,668, up from $0, primarily due to the acquisition of Intelligent Fingerprinting Limited [320]. - Government support income rose to $737,628 from $437,146, an increase of $300,482, mainly due to qualifying research and development expenditures [322]. - Fair value gain on revaluation of financial instruments increased by $2,154,365 to $2,154,365 from $0 for the year ended June 30, 2023 [332]. - Interest income decreased by $4,750 to $9,676 from $14,426 for the year ended June 30, 2023, due to lower bank balance [333]. - Unrealized foreign currency translation gain increased by $339,514 to a gain of $212,639 from a loss of $126,875 for the year ended June 30, 2023 [334]. - Net loss attributable to INBS increased by $2,325,669 to $10,631,720 from $8,306,051 for the year ended June 30, 2023, primarily driven by impairment of goodwill of $4,158,670 [335]. Expenses - Selling, general and administrative expenses increased by $3,106,600 to $8,026,703, largely due to the addition of approximately 32 staff from the acquisition of Intelligent Fingerprinting Limited [324]. - Development and regulatory expenses decreased by $3,346,495 to $507,424, primarily due to the expensing of a prepaid R&D contribution in the previous year [326]. - Depreciation and amortization expenses were $966,732, an increase from $0, due to the amortization of acquired intangibles from the acquisition [328]. - Goodwill impairment expenses were $4,158,670, reflecting the impact of the acquisition of Intelligent Fingerprinting Limited [329]. - Interest expense increased to $223,534 from $7,539, attributed to interest on convertible notes post-acquisition [330]. Cash and Working Capital - As of June 30, 2023, the company had $1,537,244 in cash and cash equivalents and a working capital deficit of $2,021,124 [337]. - The company expects its cash and cash equivalents will be insufficient to fund its current operating plan for at least the next twelve months [338]. Grants and Deferred Income - The total grant value of $4.7 million was recognized as both a grant receivable and deferred grant income, with payments of $1.4 million and $2.1 million received during the years ended June 30, 2023 and 2022, respectively [348]. - A total of $127,944 and $51,258 deferred grant income was recognized within other income during the years ended June 30, 2023, and 2022, respectively [350]. Strategic Initiatives - The company intends to submit a 510(k) pre-market notification for its Intelligent Fingerprinting Drug Screening Cartridge as part of its U.S. expansion strategy [315]. - The company has expanded its customer base by entering into sales contracts with various firms, enhancing its market presence [316]. Other Information - The company has no off-balance sheet arrangements or relationships with unconsolidated entities [341]. - The company recognized an impairment charge of $4.2 million in the IFPG segment related to goodwill associated with the IFP Acquisition [354].
GBS(INBS) - Prospectus(update)
2023-07-27 21:22
As filed with the Securities and Exchange Commission on July 27, 2023 Registration No. 333-273219 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INTELLIGENT BIO SOLUTIONS INC. (Exact name of registrant as specified in its charter) 142 West 57 Street, 11Floor New York, New York 10019 Telephone: (646) 828-8258 (Address, including zip code, and telephone number, including area code, of registrant's prin ...
GBS(INBS) - Prospectus
2023-07-12 21:00
As filed with the Securities and Exchange Commission on July 12, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INTELLIGENT BIO SOLUTIONS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Delaware 3829 82-1512711 142 West 57 ...
GBS(INBS) - Prospectus(update)
2023-06-23 20:16
As filed with the Securities and Exchange Commission on June 23, 2023 Registration No. 333-272463 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 PRE-EFFECTIVE AMENDMENT NO. 1 TO Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INTELLIGENT BIO SOLUTIONS INC. (Exact name of registrant as specified in its charter ...
GBS(INBS) - Prospectus
2023-06-06 21:01
As filed with the Securities and Exchange Commission on June 6, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INTELLIGENT BIO SOLUTIONS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Delaware 3829 82-1512711 142 West 57 S ...
GBS(INBS) - 2023 Q3 - Quarterly Report
2023-05-11 21:10
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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-39825 Intelligent Bio Solutions Inc. (Exact name of Registrant as specified in its Charter) Delaware 82-1512711 (Sta ...
GBS(INBS) - 2023 Q2 - Quarterly Report
2023-02-14 12:56
Acquisition and Expansion - The company completed the acquisition of Intelligent Fingerprinting Limited (IFP) on October 4, 2022, expanding its portfolio of rapid, non-invasive diagnostic testing technologies[168]. - The IFP acquisition involved issuing 2,963,091 shares of common stock and 2,363,003 shares of Series C Convertible Preferred Stock as consideration[169]. - IFP expanded its customer base by entering sales contracts with several UK companies, including Glass Systems and Eastern Airways[180]. - The company aims to increase market share in the UK and West Europe while commencing distribution in the Asia region and pursuing FDA regulatory approval for the US market[175]. Financial Performance - Revenue from sales of goods increased from $0 to $356,679 for the quarter ended December 31, 2022, compared to the same period in 2021, due to the acquisition of Intelligent Fingerprinting Limited (IFP) during the current quarter[199]. - Gross profit for the quarter ended December 31, 2022, was $244,044, with total operating expenses of $2,644,636, resulting in a loss from operations of $2,130,967[198]. - The net loss for the quarter ended December 31, 2022, was $427,071, compared to a net loss of $3,463,823 for the same period in 2021[198]. - The total comprehensive loss for the six months ended December 31, 2022, was $1,415,111, compared to a comprehensive loss of $4,961,790 for the same period in 2021[198]. - Cash and cash equivalents as of December 31, 2022, were $2,911,682, with working capital of $1,563,530[226]. - The company expects its cash and cash equivalents will be insufficient to fund its current operating plan for at least the next twelve months[227]. Research and Development - The company is developing a Saliva Glucose Biosensor (SGB) to replace invasive blood glucose monitoring for diabetic patients, with ongoing clinical studies involving 40 adult subjects[174]. - The Saliva Glucose Test (SGT) is expected to substitute invasive blood glucose monitoring for diabetic patients, utilizing a non-invasive method to measure glucose levels in saliva[188]. - The Biosensor Platform Technology allows for the detection of multiple biological analytes, with the potential to develop tests for cancer biomarkers and hormones[197]. - The SGB (Saliva Glucose Biosensor) can detect glucose in saliva at concentrations between 8 and 200 µM, exhibiting sensitivity 100 times lower than blood glucose levels[190]. - The company has completed the development of an intermediate device that communicates with smart devices, enhancing the functionality of the SGB[194]. - The company is developing an R&D and manufacturing facility at the University of Newcastle, Australia, with construction expected to start in Q2 2023[180]. Stock and Shareholder Information - A reverse stock split at a ratio of 1-for-20 became effective on February 9, 2023, reducing the number of outstanding shares from approximately 18.3 million to about 916,265[178]. - The company has reserved up to 1,649,273 shares of Series C Preferred Stock for potential future issuance related to the IFP acquisition and employee stock options[170]. - The weighted average shares outstanding for the quarter ended December 31, 2022, was 908,283, compared to 744,126 for the same period in 2021[198]. Government Support and Expenses - The company reported government support income of $269,625 for the quarter ended December 31, 2022, compared to $177,791 for the same period in 2021[198]. - General and administrative expenses increased by $1,242,045 to $2,245,289 for the quarter ended December 31, 2022, compared to $1,003,244 in the same period in 2021, largely due to the acquisition of IFP[207]. - Development and regulatory expenses decreased by $2,639,991 to $1,191 for the quarter ended December 31, 2022, compared to $2,641,182 in the same period in 2021[210]. - Government support income in the IFPG and SGBP segments increased by $91,834 to $269,625 for the quarter ended December 31, 2022, compared to $177,791 in the same period in 2021[203]. Other Financial Metrics - The outstanding fair value of convertible notes as of December 31, 2022, was $523,703, with an interest rate of 17% per annum[230]. - Unrealized foreign currency translation gain increased by $354,242 to $361,597 for the quarter ended December 31, 2022, compared to $7,355 in the same period in 2021[221]. - Net loss attributable to INBS decreased by $3,039,398 to $420,600 for the quarter ended December 31, 2022, compared to $3,459,998 in the same period in 2021[223].
GBS(INBS) - 2023 Q1 - Earnings Call Transcript
2022-11-12 04:22
Intelligent Bio Solutions Inc. (NASDAQ:INBS) Q1 2023 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Harry Simeonidis - Chairman and CEO Spiro Sakiris - Chief Financial Officer Philip Hand - Executive Chairman, Intelligent Fingerprinting Limited Conference Call Participants John Vandermosten - Zacks Operator Greetings. And welcome to the Intelligent Bio Solutions Inc. First Quarter 2023 Earnings Conference Call. Currently, all participants are in listen-only mode. A question-and-an ...