Ainos (AIMD) 10-Q 9 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 09, 2019
Document Information [Line Items]
Entity Registrant Name	AMARILLO BIOSCIENCES INC
Entity Central Index Key	0001014763
Trading Symbol	amar
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		40,216,351
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 723,441	$ 1,276,654
Inventory	9,905
Prepaid expense and other current assets	64,632	26,580
Total current assets	797,978	1,303,234
Patents, net	140,635	146,456
Property and equipment, net	6,384	14,010
Total assets	944,997	1,463,700
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	173,262	115,313
Advances from investors	56,225	104,952
Convertible notes payable – related party	475,856	513,356
Total current liabilities	705,343	733,621
Total liabilities	705,343	733,621
Stockholders' equity
Preferred stock, $0.01 par value: Authorized shares - 10,000,000, Issued and outstanding shares – 0 at June 30, 2019 and December 31, 2018
Common stock, $0.01 par value: Authorized shares - 100,000,000, Issued and outstanding shares –39,664,199 and 39,117,524 at June 30, 2019 and December 31, 2018, respectively	396,642	391,175
Additional paid-in capital	3,876,311	3,527,238
Accumulated deficit	(4,033,299)	(3,188,334)
Total stockholders’ equity	239,654	730,079
Total liabilities and stockholders’ equity	$ 944,997	$ 1,463,700

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized shares (in shares)	10,000,000	10,000,000
Preferred stock issued shares (in shares)	0	0
Preferred stock, outstanding shares (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	100,000,000	100,000,000
Common stock, issued shares (in shares)	39,664,199	39,117,524
Common stock, outstanding shares (in shares)	39,664,199	39,117,524

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues	$ 606	$ 250	$ 4,682	$ 56,840
Cost of revenues	(563)	(707)	(3,281)	(44,046)
Gross margin	43	(457)	1,401	12,794
Operating expenses:
Research and development expenses	50,124		52,510
Selling, general and administrative expenses	404,958	353,682	794,493	552,991
Total operating expenses	(455,082)	(353,682)	(847,003)	(552,991)
Operating income (loss)	(455,039)	(354,139)	(845,602)	(540,197)
Other income (expense)
Interest expense, net	1,522	(973)	637	(2,353)
Net income (loss)	$ (453,517)	$ (355,112)	$ (844,965)	$ (542,550)
Basic and diluted net loss per average share available to common shareholders (in dollars per share)	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Weighted average common shares outstanding – basic and diluted (in shares)	39,624,247	34,635,799	39,444,456	33,943,536

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net cash used in operating activities	$ (539,076)	$ (389,433)
Cash flows from investing activities
Investment in equipment
Investment in patents	(1,637)	(2,108)
Net cash used in investing activities	(1,637)	(2,108)
Cash flows from financing activities
Payments on convertible notes	(37,500)	(195,000)
Proceeds from private placement offering	25,000
Net cash used in financing activities	(12,500)	(195,000)
Net change in cash	(553,213)	(586,541)
Cash and cash equivalents at beginning of period	1,276,654	1,980,015
Cash and cash equivalents at end of period	723,441	1,393,474
Supplemental Cash Flow Information
Cash paid for interest	203
Cash paid for income taxes
Non-Cash Transactions
Stock issued for accrued liabilities	93,250
Stock issued for advances from investors	25,000	496,736
Conversion of debt to common stock		178,125
Reversal of previously accrued dividend		$ 34,277

Note 1 - Organization and Busin

Note 1 - Organization and Business	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Organization and Business. 1984. three 1 2

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Basis of Accounting [Text Block]	2. Basis of presentation. 10 December 31, 2018, April 16, 2019, not six three June 30, 2019 not may December 31, 2019.

Note 3 - Financial Condition

Note 3 - Financial Condition	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Financial Condition [Text Block]	3. Financial Condition. not no The continuing operations of the Company and the recoverability of the carrying value of assets is dependent upon the ability of the Company to obtain necessary financing to fund its working capital requirements, and upon future profitable operations. The accompanying financial statements do not There can be no may may may

Note 4 - Common Stock

Note 4 - Common Stock	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	4. Common Stock. 100,000,000 June 30, 2019, 48,090,748 39,664,199 2,627,305 two 80,157 one 4,294 300,000 17,176 3,995,000 950,000 452,617 300,000 $56,225 2016 2 November 2017. not July 1, 2019, not In February 2019, 200,000 $0.25 2016 3 February 2019, 24,000 fourth 2018 March 26, 2019, 115,000 $0.25 $28,750. March 31, 2019, 100,000 12,000 On April 26, 2019, three one 1 67,377 2 8,085 3 4,043 4 16,170. $0.3710. We have not no

Note 5 - Convertible Notes Paya

Note 5 - Convertible Notes Payable - Related Party	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	5. Convertible Notes Payable – Related Party. December 31, 2018, $513,356. June 30, 2019 December 31, 2018 Convertible Note payable – related party $ 144,426 $ 144,426 Convertible Note payable – related party 262,500 262,500 Convertible Note payable – related party 68,930 106,430 Convertible Notes payable – related party $ 475,856 $ 513,356 On January 30, 2019, $37,500. $106,430 $68,930. March 31, 2019, $475,856. On June 30, 2019, $475,856. Subsequent to the balance sheet date, on July 1, 2019, $69,600, June 30, 2016, $.1875. July 10, 2019, 371,200 July 1, 2019, $30,400 $.168 January 11, 2016, $144,426 $114,026. July 10, 2019, 180,952 $376,526. Other Related Party Transactions. no January 1, 2019 June 30, 2019.

Note 6 - Subsequent Events

Note 6 - Subsequent Events	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	6. Subsequent Events Subsequent to the balance sheet date, through the date of this filing, the Company has issued 552,152 The Company subsequently received outstanding executed Private Placement investment documents on July 1, 2019, November 23, 2017. 300,000 not

Note 5 - Convertible Notes Pa_2

Note 5 - Convertible Notes Payable - Related Party (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	June 30, 2019 December 31, 2018 Convertible Note payable – related party $ 144,426 $ 144,426 Convertible Note payable – related party 262,500 262,500 Convertible Note payable – related party 68,930 106,430 Convertible Notes payable – related party $ 475,856 $ 513,356

Note 1 - Organization and Bus_2

Note 1 - Organization and Business (Details Textual)	6 Months Ended
	Jun. 30, 2019
Number of Operating Segments	3

Note 4 - Common Stock (Details

Note 4 - Common Stock (Details Textual) - USD ($)	Apr. 26, 2019	Mar. 31, 2019	Mar. 26, 2019	Feb. 28, 2019	Nov. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Common Stock, Shares Authorized						100,000,000		100,000,000
Common Stock, Shares Outstanding and Reserved						48,090,748
Common Stock, Shares, Issued, Total						39,664,199		39,117,524
Common Stock, Shares Subscribed but Unissued						2,627,305
Proceeds from Issuance of Private Placement						$ 25,000
Shares Issued, Price Per Share	$ 0.371
Dividends, Total						$ 0
Finders [Member]
Shares Issued, Price Per Share			$ 0.25
Stock Issued During Period, Shares, Issued for Services			115,000
Stock Issued During Period, Value, Issued for Services			$ 28,750
Warrant [Member]
Common Stock, Capital Shares Reserved for Future Issuance						452,617
Nonqualified Options [Member]
Common Stock, Capital Shares Reserved for Future Issuance						3,995,000
Qualified Options [Member]
Common Stock, Capital Shares Reserved for Future Issuance						950,000
Private Placement [Member]
Common Stock, Capital Shares Reserved for Future Issuance						300,000
Private Placement 2016-2 [Member]
Proceeds from Issuance of Private Placement					$ 56,225
Private Placement 2016-3 [Member]
Stock Issued During Period, Shares, New Issues				200,000
Shares Issued, Price Per Share				$ 0.25
Officer [Member]
Common Stock, Capital Shares Reserved for Future Issuance						80,157
Employees [Member]
Common Stock, Capital Shares Reserved for Future Issuance						4,294
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	4,043
Consultants [Member]
Common Stock, Capital Shares Reserved for Future Issuance						17,176
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total				24,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	16,170
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Shares Issued		100,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	67,377
Vice President [Member]
Deferred Compensation Arrangement with Individual, Shares Issued		12,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	8,085

Note 5 - Convertible Notes Pa_3

Note 5 - Convertible Notes Payable - Related Party (Details Textual) - USD ($)	Jul. 10, 2019	Jul. 01, 2019	Jan. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Aug. 09, 2019	Mar. 31, 2019	Jan. 29, 2019	Dec. 31, 2018
Notes Payable, Convertible, Related Parties, Classified Current				$ 475,856					$ 513,356
Debt Conversion, Original Debt, Amount					$ 178,125
Chief Executive Officer [Member]
Notes Payable, Convertible, Related Parties, Classified Current				475,856			$ 475,856		513,356
Repayments of Related Party Debt			$ 37,500
Chief Executive Officer [Member] | Subsequent Event [Member]
Notes Payable, Convertible, Related Parties, Classified Current						$ 376,526
Debt Instrument, Convertible, Conversion Price		$ 0.168
Chief Executive Officer [Member] | Subsequent Event [Member] | Conversion of Promissory Note to ABI Common Voting Shares [Member]
Debt Conversion, Original Debt, Amount		$ 69,600
Debt Instrument, Convertible, Conversion Price		$ 0.1875
Debt Conversion, Converted Instrument, Shares Issued	371,200
Chief Executive Officer [Member] | Subsequent Event [Member] | Conversion of Promissory Note Dated January 11, 2016 into Company Shares [Member]
Debt Conversion, Original Debt, Amount		$ 30,400
Debt Conversion, Converted Instrument, Shares Issued	180,952
Chief Executive Officer [Member] | Third Issuance [Member]
Notes Payable, Convertible, Related Parties, Classified Current			$ 68,930	68,930				$ 106,430	$ 106,430
Chief Executive Officer [Member] | Fourth Issuance [Member]
Notes Payable, Convertible, Related Parties, Classified Current				$ 144,426
Chief Executive Officer [Member] | Fourth Issuance [Member] | Subsequent Event [Member]
Notes Payable, Convertible, Related Parties, Classified Current		$ 114,026

Note 5 - Convertible Notes Pa_4

Note 5 - Convertible Notes Payable - Related Party - Related Party Transactions, Convertible Notes Payable (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019	Jan. 30, 2019	Jan. 29, 2019	Dec. 31, 2018
Convertible Note payable – related party	$ 475,856				$ 513,356
Chief Executive Officer [Member]
Convertible Note payable – related party	475,856	$ 475,856			513,356
Chief Executive Officer [Member] | First Issuance [Member]
Convertible Note payable – related party	144,426				144,426
Chief Executive Officer [Member] | Second Issuance [Member]
Convertible Note payable – related party	262,500				262,500
Chief Executive Officer [Member] | Third Issuance [Member]
Convertible Note payable – related party	$ 68,930		$ 68,930	$ 106,430	$ 106,430

Note 6 - Subsequent Events (Det

Note 6 - Subsequent Events (Details Textual) - shares	1 Months Ended
	Aug. 09, 2019	Jun. 30, 2019
Common Stock, Shares Subscribed but Unissued		2,627,305
Subsequent Event [Member]
Common Stock, Shares Subscribed but Unissued	300,000
Subsequent Event [Member] | Chief Executive Officer [Member]
Debt Conversion, Converted Instrument, Shares Issued	552,152