FORM 10-Q

(Mark One)

 

ý                                  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2002

 

OR

 

o                                  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 000-25571

AXONYX INC.

(Exact name of registrant as specified in its charter)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   ý   No   o

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

 

AXONYX INC.

INDEX

 

 

2

AXONYX INC.

 

Condensed Consolidated Balance Sheets

 

		June 30,			December 31,
		2002			2001
ASSETS		(unaudited)
Current Assets:
Cash and cash equivalents		$	5,442,000		$	9,115,000
Other		130,000			—
Total current assets		5,572,000			9,115,000
Equipment, net		45,000			52,000
Other assets:
Security deposit		43,000			44,000
		43,000			44,000
		$	5,660,000		$	9,211,000
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses		$	800,000		$	1,020,000
Total liabilities		800,000			1,020,000
STOCKHOLDERS’ EQUITY
Preferred stock - $.001 par value, 15,000,000 shares authorized; none issued
Common Stock - $.001 par value, 75,000,000 shares authorized; 17,247,371 shares issued and outstanding.		17,000			17,000
Additional paid-in capital		27,747,000			27,570,000
Unearned compensation - stock/options		(19,000		)	(30,000		)
Accumulated deficit		(22,885,000		)	(19,366,000		)
Total stockholders’ equity		4,860,000			8,191,000
Total liabilities and stockholders’ equity		$	5,660,000		$	9,211,000

 

See notes to condensed consolidated financial statements.

3

AXONYX INC.

Condensed Consolidated Statements of Operations

(unaudited)