e10qsb
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
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þ |
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QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 |
For the quarterly period ended November 30, 2005
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o |
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TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number 000-23425
Burzynski Research Institute, Inc.
(Exact name of small business issuer as specified in its charter)
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Delaware
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76-0136810 |
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(State or other jurisdiction of incorporation or organization)
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(IRS Employer Identification No.) |
9432 Old Katy Road, Suite 200, Houston, Texas 77055
(Address of principal executive offices)
(713) 335-5697
(Issuers telephone number)
(Former name, former address, and former fiscal year, if changed since last report)
Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Exchange Act during the past 12 months (or 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
þ No o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Exchange Act). Yes o No þ
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable
date: As of January 11, 2006, 131,388,444 shares of the Registrants Common Stock were outstanding.
Transitional Small Business Disclosure Format (Check one): Yes o No þ
BURZYNSKI RESEARCH INSTITUTE, INC.
Form 10-QSB
Table of Contents
PART I FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED BALANCE SHEETS
BURZYNSKI RESEARCH INSTITUTE, INC.
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November 30, |
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February 28, |
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2005 |
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2005 |
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(Unaudited) |
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ASSETS |
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Current assets |
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Cash and cash equivalents |
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$ |
10,927 |
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$ |
16,984 |
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Related party receivable |
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80,000 |
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TOTAL CURRENT ASSETS |
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90,927 |
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16,984 |
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Property and equipment, net of accumulated
depreciation and amortization, and other assets |
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4,016 |
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48,870 |
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TOTAL ASSETS |
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$ |
94,943 |
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$ |
65,854 |
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LIABILITIES AND STOCKHOLDERS EQUITY |
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Current liabilities |
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Accounts payable |
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$ |
13,848 |
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$ |
47,249 |
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Accrued liabilities |
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36,152 |
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39,396 |
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CURRENT AND TOTAL LIABILITIES |
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50,000 |
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86,645 |
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COMMITMENTS AND CONTINGENCIES |
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Stockholders equity |
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Common stock, $.001 par value; 200,000,000 shares
authorized, 131,388,444 issued and outstanding |
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131,389 |
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131,389 |
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Additional paid-in capital |
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69,472,091 |
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65,876,210 |
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Discount on common stock |
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(100 |
) |
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(100 |
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Retained deficit |
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(69,558,437) |
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(66,028,290 |
) |
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TOTAL STOCKHOLDERS EQUITY (DEFICIT) |
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44,943 |
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(20,791 |
) |
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TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY |
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$ |
94,943 |
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$ |
65,854 |
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See accompanying notes to financial statements.
3
CONDENSED STATEMENTS OF OPERATIONS
BURZYNSKI RSEARCH INSTITUTE, INC.
(UNAUDITED)
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Three Months Ended |
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Nine Months Ended |
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November 30, |
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November 30, |
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November 30, |
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November 30, |
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2005 |
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2004 |
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2005 |
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2004 |
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Operating expenses |
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Research and development |
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$ |
1,059,494 |
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$ |
1,085,129 |
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$ |
3,396,843 |
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$ |
3,469,029 |
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General and administrative |
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32,442 |
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74,793 |
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183,450 |
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193,272 |
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Depreciation |
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885 |
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1,320 |
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3,525 |
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3,960 |
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Total operating expenses |
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1,092,821 |
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1,161,242 |
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3,583,818 |
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3,666,261 |
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Other income |
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Gain on sale of assets |
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53,671 |
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53,671 |
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Net (loss) before income tax |
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(1,039,150 |
) |
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(1,161,242 |
) |
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(3,530,147 |
) |
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(3,666,261 |
) |
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Provision for income tax |
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- _ |
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NET (LOSS) |
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$ |
(1,039,150 |
) |
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$ |
(1,161,242 |
) |
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$ |
(3,530,147 |
) |
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$ |
(3,666,261 |
) |
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Earnings per share information: |
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Basic and diluted (loss) per
common share |
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$ |
(0.01 |
) |
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$ |
(0.01 |
) |
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$ |
(0.03 |
) |
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$ |
(0.03 |
) |
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Weighted average number of
common shares outstanding |
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131,388,444 |
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131,388,444 |
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131,388,444 |
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131,388,444 |
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See accompanying notes to financial statements.
4
STATEMENTS OF STOCKHOLDERS DEFICIT
BURZYNSKI RESEARCH INSTITUTE, INC.
(UNAUDITED)
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Additional |
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Discount on |
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Common |
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Paid-in |
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Common |
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Retained |
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Stock |
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Capital |
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Stock |
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Deficit |
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Balance, February 28, 2005 |
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$ |
131,389 |
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$ |
65,876,210 |
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$ |
(100 |
) |
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$ |
(66,028,290 |
) |
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Cash contributed by S.R.
Burzynski, M.D., Ph.D. |
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525,000 |
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FDA clinical trial expenses
paid directly by S.R.
Burzynski, M.D., Ph.D. |
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3,070,881 |
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Net loss |
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(3,530,147 |
) |
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Balance, November 30, 2005 |
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$ |
131,389 |
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$ |
69,472,091 |
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$ |
(100 |
) |
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$ |
(69,558,437 |
) |
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See accompanying notes to financial statements.
5
STATEMENTS OF CASH FLOWS
BURZYNSKI RSEARCH INSTITUTE, INC.
(UNAUDITED)
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Nine Months Ended |
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November 30, |
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November 30, |
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2005 |
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2004 |
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CASH FLOWS FROM OPERATING ACTIVITIES |
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Net (loss) |
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$ |
(3,530,147 |
) |
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$ |
(3,666,261 |
) |
Adjustments to reconcile net income to net
cash provided by operating activities: |
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Depreciation |
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3,525 |
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3,960 |
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FDA clinical trial expenses paid directly
by S.R. Burzynski, M.D., Ph.D. |
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3,070,881 |
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3,128,619 |
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Gain on sale of assets |
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(53,671 |
) |
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Increase (decrease) |
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Other current assets |
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1,000 |
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Increase (decrease) |
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Accounts payable |
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(33,401 |
) |
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3,276 |
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Accrued liabilities |
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(3,244 |
) |
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(7,158 |
) |
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NET CASH (USED BY) OPERATING
ACTIVITIES |
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(546,057 |
) |
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(536,564 |
) |
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CASH FLOWS FROM INVESTING ACTIVITIES |
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Repayment of related party receivable |
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15,000 |
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NET CASH PROVIDED BY INVESTING
ACTIVITIES |
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15,000 |
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CASH FLOWS FROM FINANCING ACTIVITIES |
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Additional paid-in capital |
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525,000 |
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545,000 |
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NET CASH PROVIDED BY FINANCING
ACTIVITIES |
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525,000 |
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545,000 |
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NET (DECREASE) INCREASE IN CASH |
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(6,057 |
) |
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8,436 |
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CASH AT BEGINNING OF PERIOD |
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16,984 |
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18,962 |
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CASH AT END OF PERIOD |
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$ |
10,927 |
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$ |
27,398 |
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NON CASH FINANCING ACTIVITIES |
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Issuance of related party receivable for assets sold |
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$ |
95,000 |
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$ |
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See accompanying notes to financial statements.
6
NOTES TO CONDENSED FINANCIAL STATEMENTS
BURZYNSKI RESEARCH INSTITUTE, INC.
NOTE A. BASIS OF PRESENTATION
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The financial statements of Burzynski Research Institute, Inc., a Delaware corporation (the
Company), include expenses incurred directly by S.R. Burzynski, M.D., Ph.D. (Dr.
Burzynski) within his medical practice, related to the conduct of U.S. Food and Drug
Administration (FDA) approved clinical trials for Antineoplaston drugs used in the
treatment of cancer. These expenses have been reported as research and development costs and
as additional paid-in capital. Other funds received from Dr. Burzynski have also been
reported as additional paid-in capital. Expenses related to Dr. Burzynskis medical practice
(unrelated to the clinical trials) have not been included in these financial statements.
Dr. Burzynski is the President, Chairman of the Board and owner of over 80% of the
outstanding stock of the Company, and also is the inventor and original patent holder of
certain drug products known as Antineoplastons, which he has licensed to the Company. |
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The Company and Dr. Burzynski have entered various agreements which provide the Company the
exclusive right in the United States, Canada and Mexico to use, manufacture, develop, sell,
distribute, sublicense and otherwise exploit all the rights, titles and interest in
Antineoplaston drugs used in the treatment of cancer, once an Antineoplaston drug is
approved for sale by the FDA. |
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The Company is primarily engaged as a research and development facility for Antineoplaston
drugs being tested for use in the treatment of cancer. The Company is currently conducting
clinical trials on various Antineoplastons in accordance with FDA regulations. At this time,
however, none of the Antineoplaston drugs have received FDA approval; further, there can be
no assurance that FDA approval will be granted. In September 2004, the Company announced
that the FDA awarded orphan drug status to Antineoplastons A10 and AS2-1 for the treatment
of brain stem glioma. |
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The accompanying unaudited condensed financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America for interim
financial information. Certain disclosures and information normally included in financial
statements have been condensed or omitted. In the opinion of management of the Company,
these financial statements contain all adjustments necessary for a fair presentation of
financial position as of November 30, 2005 and February 28, 2005, and results of operations
for the three and nine months ended November 30, 2005 and 2004, and cash flows for the nine
months ended November 30, 2005 and 2004. All such adjustments are of a normal recurring
nature. The results of operations for interim periods are not necessarily indicative of the
results to be expected for a full year. These statements should be read in conjunction with
the financial statements and footnotes thereto included in the Companys Annual Report on
Form 10-KSB for the year ended February 28, 2005. |
7
NOTES TO CONDENSED FINANCIAL STATEMENTS continued
BURZYNSKI RESEARCH INSTITUTE, INC.
NOTE B. ECONOMIC DEPENDENCY
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The Company has not generated significant revenues since its inception and has suffered
losses from operations, has a working capital deficit and has an accumulated deficit. Dr.
Burzynski has funded the capital and operational needs of the Company through his medical
practice since inception, and has entered into various agreements to continue such funding. |
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The Company is economically dependent on its funding through Dr. Burzynskis medical
practice. A significant portion of Dr. Burzynskis patients are admitted and treated as
part of the clinical trial programs, which are regulated by the FDA. The FDA imposes
numerous regulations and requirements regarding these patients and the Company is subject to
inspection at any time by the FDA. These regulations are complex and subject to
interpretation and though it is managements intention to comply fully with all such
regulations, there is the risk that the Company is not in compliance and is thus subject to
sanctions imposed by the FDA. |
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In addition, as with any medical practice, Dr. Burzynski is subject to potential claims by
patients and other potential claimants commonly arising out of the operation of a medical
practice. The risks associated with Dr. Burzynskis medical practice directly affect his
ability to fund the operations of the Company. |
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|
It is also the intention of the directors and management to seek additional capital through
the sale of securities. The proceeds from such sales will be used to fund the Companys
operating deficit until it achieves positive operating cash flow. There can be no assurance
that the Company will be able to raise such additional capital. |
NOTE C. SALE OF ASSETS TO RELATED PARTY
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|
On November 26, 2005 the Company sold to Dr. Burzynski production equipment and leasehold
improvements appraised by an independent appaiser for $95,000. The sale was made to Dr.
Burzynski on an open account receivable. Dr. Burzynski paid $15,000 on the open receivable
by November 30, 2005 and intends to pay off the balance of the receivable in the last
quarter of the fiscal year. |
8
NOTES TO CONDENSED FINANCIAL STATEMENTS continued
BURZYNSKI RESEARCH INSTITUTE, INC.
NOTE D. INCOME TAXES
|
|
The actual provision for income tax for the three and nine months ended November 30, 2005
and 2004 differ from the amounts computed by applying the U.S. federal income tax rate of
34% to the pretax income as a result of the following: |
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|
|
Three Months |
|
|
|
November 30, |
|
|
November 30, |
|
|
|
2005 |
|
|
2004 |
|
Expected expense (benefit) |
|
$ |
(353,311 |
) |
|
$ |
(394,823 |
) |
Taxed directly to Dr. Burzynski |
|
|
353,275 |
|
|
|
408,316 |
|
Nondeductible expenses and other adjustments |
|
|
(16,787 |
) |
|
|
(2,661 |
) |
Change in valuation allowance |
|
|
16,823 |
|
|
|
(10,832 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provision for income tax |
|
$ |
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
Nine Months |
|
|
|
November 30, |
|
|
November 30, |
|
|
|
2005 |
|
|
2004 |
|
Expected expense (benefit) |
|
$ |
(1,200,250 |
) |
|
$ |
(1,246,529 |
) |
Taxed directly to Dr. Burzynski |
|
|
1,200,214 |
|
|
|
1,252,420 |
|
Nondeductible expenses and other adjustments |
|
|
(21,013 |
) |
|
|
(8,480 |
) |
Change in valuation allowance |
|
|
21,049 |
|
|
|
2,589 |
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|
|
|
|
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|
|
|
|
|
|
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|
|
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Provision for income tax |
|
$ |
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$ |
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9
Item 2. Managements Discussion and Analysis or Plan of Operation
The following is a discussion of the financial condition of the Company as of November 30,
2005, and the results of operations for the three months and nine months ended November 30, 2005
and 2004. It should be read in conjunction with the financial statements and the notes thereto
included elsewhere in this report.
Introduction
The Company was incorporated under the laws of the State of Delaware in 1984 in order to
engage in the research, production, marketing, promotion and sale of certain medical chemical
compounds composed of growth-inhibiting peptides, amino acid derivatives and organic acids which
are known under the trade name Antineoplastons. The Company believes Antineoplastons are useful
in the treatment of human cancer and is currently conducting Phase II clinical trials of
Antineoplastons relating to the treatment of cancer. The Company has generated no significant
revenue since its inception, and does not expect to generate any operating revenues until such
time, if any, as Antineoplastons are approved for use and sale by the FDA. The Companys sole
source of funding is S.R. Burzynski, M.D., Ph.D. (Dr. Burzynski), the Companys President and
Chief Executive Officer. Dr. Burzynski funds the Companys operations from his medical practice
pursuant to certain agreements between Dr. Burzynski and the Company. Funds received by the Company
from Dr. Burzynski are reported as additional paid-in capital to the Company.
The Company is primarily engaged as a research and development facility of drugs currently
being tested for the use in the treatment of cancer, and provides consulting services. The Company
is currently conducting 35 FDA-approved clinical trials. The Company holds the exclusive right in
the United States, Canada and Mexico to use, manufacture, develop, sell, distribute, sublicense and
otherwise exploit all the rights, titles and interest in Antineoplaston drugs used in the treatment
and diagnosis of cancer, once an Antineoplaston drug is approved for sale by the FDA.
On November 26, 2005, the Company completed the sale of selected equipment to Dr. Burzynski in
an arms-length transaction approved by both of the Companys disinterested directors. The
equipment sold to Dr. Burzynski is not necessary for the Companys ongoing operations and was sold
for a purchase price of $95,000. The amount of the purchase price was based on an independent
third party appraisal received by the Companys disinterested directors to assist them in approving
the sale of the equipment to Dr. Burzynski. This sale of equipment will not affect the Companys
operations in any significant way.
In September 2004, the Company announced that the FDA awarded orphan drug status to
Antineoplastons A10 and AS2-1 for treating patients with brain stem gliomas.
RESULTS OF OPERATIONS
Three Months Ended November 30, 2005 Compared to Three Months Ended November 30, 2004
Research and development costs were approximately $1,059,000 and $1,085,000 for the three months
ended November 30, 2005 and 2004, respectively. The decrease of $26,000 or 2% was due to decreases
in personnel costs of $21,000, material costs of $18,000 and other research and development costs
of $7,000 offset by increases in facility and equipment costs of $13,000 and consulting and quality
control costs of $7,000.
General and administrative expenses were approximately $32,000 and $75,000 for the three
months ended November 30, 2005 and 2004, respectively. The decrease of $43,000 or 57% was due to
decreases in legal and professional fees of $41,000, and other general and administrative expenses
of $2,000.
The Company had net losses of approximately $1,039,000 and $1,161,000 for the three months
ended November 30, 2005 and 2004, respectively. The decrease in the net loss from 2004 to 2005 is
primarily due to the decreases in research and development costs due to decreases in personnel
cost, material costs, and other research and development costs, and decreases in general and
administrative costs offset by a gain on sale of assets.
10
Nine Months Ended November 30, 2005 Compared to Nine Months Ended November 30, 2004
Research and development costs were approximately $3,397,000 and $3,469,000 for the nine
months ended November 30, 2005 and 2004, respectively. The decrease of $72,000 or 2% was due to
decreases in personnel cost of $14,000, material costs of $193,000, and other research and
development costs of $14,000, offset by increases in facility and equipment costs of $37,000, and
consulting and quality control costs of $112,000.
General and administrative expenses were approximately $183,000 and $193,000 for the nine
months ended November 30, 2005 and 2004, respectively. The decrease of $10,000 or 5% was due to a
decrease in legal and professional fees of $21,000, offset by an increase in other general and
administrative expenses of $11,000.
The Company had net losses of approximately $3,530,000 and $3,666,000 for the nine months
ended November 30, 2005 and 2004, respectively. The decrease in the net loss from 2004 to 2005 is
primarily due to the decrease in research and development costs, due to the decreases in personnel
costs, material costs and other research and development costs, offset by increases facility and
equipment costs, consulting and quality control cost, general and administrative costs and a gain
on sale of assets. As of November 30, 2005, the Company has a stockholders equity of $44,943.
Liquidity and Capital Resources
The Companys operations have been funded entirely by Dr. Burzynski with funds generated from
Dr. Burzynskis medical practice. Effective March 1, 1997, the Company entered into a Research
Funding Agreement with Dr. Burzynski (the Research Funding Agreement), pursuant to which the
Company agreed to undertake all scientific research in connection with the development of new or
improved Antineoplastons for the treatment of cancer and Dr. Burzynski agreed to fund the Companys
Antineoplaston research for that purpose. Under the Research Funding Agreement, the Company hires
such personnel as is required to conduct Antineoplaston research, and Dr. Burzynski funds the
Companys research expenses, including expenses to conduct the clinical trials. Dr. Burzynski also
provides the Company laboratory and research space as needed to conduct the Companys research
activities. The Research Funding Agreement also provides that Dr. Burzynski may fulfill his
funding obligations in part by providing the Company such administrative support as is necessary
for the Company to manage its business. Dr. Burzynski pays the full amount of the Companys
monthly and annual budget of expenses for the operation of the Company, together with other
unanticipated but necessary expenses which the Company incurs. In the event the research results
in the approval of any additional patents for the treatment of cancer, Dr. Burzynski shall own all
such patents, but shall license to the Company the patents based on the same terms, conditions and
limitations as are in the current license between Dr. Burzynski and the Company. Dr. Burzynski has
unlimited and free access to all equipment which the Company owns, so long as such use does not
conflict with the Companys use of such equipment, including without limitation, all equipment used
in the manufacturing of Antineoplastons used in the clinical trials. The amounts which Dr.
Burzynski is obligated to pay under the agreement shall be reduced dollar for dollar by the
following: (1) any income which the Company receives for services provided to other companies for
research and/or development of other products, less such identifiable marginal or additional
expenses necessary to produce such income, or (2) the net proceeds of any stock offering or private
placement which the Company receives during the term of the agreement up to a maximum of $1,000,000
in a given Company fiscal year.
Effective February 28, 2005, the term of the Research Funding Agreement was automatically
renewed until February 28, 2006, with an automatic renewal for an additional one-year term, unless
one party notifies the other party at least thirty days prior to the expiration of the term of the
agreement of its intention not to renew the agreement.
The Research Funding Agreement automatically terminates in the event that Dr. Burzynski owns
less than fifty percent of the outstanding shares of the Company, or is removed as President and/or
Chairman of the Board of the Company, unless Dr. Burzynski notifies the Company in writing of his
intention to continue the agreement notwithstanding this automatic termination provision.
On November 26, 2005 the Company sold to Dr. Burzynski production equipment and leasehold
improvements appraised by an independent appaiser for $95,000. The sale was made to Dr. Burzynski
on an open
11
account receivable. Dr. Burzynski paid $15,000 on the open receivable by November 30, 2005
and intends to pay off the balance of the receivable in the last quarter of the fiscal year.
The Company estimates that it will spend approximately $1,200,000 during the final quarter of
the fiscal year ending February 28, 2006. The Company estimates that ninety-five percent (95%) of
this amount will be spent on research and development and the continuance of FDA-approved clinical
trials. While the Company anticipates that Dr. Burzynski will continue to fund the Companys
research and FDA-related costs, there is no assurance that Dr. Burzynski will be able to continue
to fund the Companys operations pursuant to the Research Funding Agreement or otherwise. The
Company believes Dr. Burzynski will be financially able to fund the Companys operations at least
through the fiscal year ending February 28, 2006. In addition, Dr. Burzynskis medical practice
has successfully funded the Companys research activities over the last 20 years and, in 1997, his
medical practice was expanded to include traditional cancer treatment options such as chemotherapy,
immunotherapy and hormonal therapy in response to FDA requirements that cancer patients utilize
more traditional cancer treatment options in order to be eligible to participate in the Companys
Antineoplaston clinical trials. As a result of the expansion of Dr. Burzynskis medical practice,
the financial condition of the medical practice has improved Dr. Burzynskis ability to fund the
Companys operations.
The Company may be required to seek additional capital through equity or debt financing or the
sale of assets until the Companys operating revenues are sufficient to cover operating costs and
provide positive cash flow; however, there can be no assurance that the Company will be able to
raise such additional capital on acceptable terms to the Company. In addition, there can be no
assurance that the Company will ever achieve positive operating cash flow.
Forward-Looking Statements
Certain matters discussed in this quarterly report, except for historical information
contained herein, may constitute forward-looking statements that are subject to certain risks and
uncertainties that could cause actual results to differ materially from those described in the
forward-looking statements. Forward-looking statements provide current expectations of future
events based on certain assumptions. These statements encompass information that does not directly
relate to any historical or current fact and often may be identified with words such as
anticipates, believes, expects, estimates, intends, plans, projects and other similar
expressions. Managements expectations and assumptions regarding Company operations and other
future results are subject to risks, uncertainties and other factors that could cause actual
results to differ materially from the anticipated results or other expectations expressed in the
forward-looking statements.
Item 3. Controls and Procedures
Within the 90 days prior to the date of this report, the Company carried out an evaluation,
under the supervision and with the participation of the Companys management, including the
Companys principal executive officer and chief financial officer, of the effectiveness of the
Companys disclosure controls and procedures pursuant to Rule 13a-14 under the Securities Exchange
Act of 1934, as amended. Based on that evaluation, the Companys principal executive officer and
chief financial officer concluded that the Companys disclosure controls and procedures are
effective in timely alerting them to material information required to be included in periodic
filings with the Securities and Exchange Commission. There were no significant changes in the
Companys internal controls or in other factors that could significantly affect internal controls
subsequent to the date of evaluation above.
PART II OTHER INFORMATION
Item 1. Legal Proceedings
The Companys activities are subject to regulation by various governmental agencies, including
the FDA, which regularly monitor the Companys operations and often impose requirements on the
conduct of its clinical trials and other aspects of the Companys business operations. The
Companys policy is to comply with all such regulatory requirements. From time to time, the
Company is also subject to potential claims by patients and other
12
potential claimants commonly arising out of the operation of a medical practice. The Company
seeks to minimize its exposure to claims of this type wherever possible.
Currently, the Company is not a party to any material pending legal proceedings. Moreover,
the Company is not aware of any such legal proceedings that are contemplated by governmental
authorities with respect to the Company or any of its properties.
Item 6. Exhibits
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3.1
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Certificate of Incorporation of the Company, as amended (incorporated by
reference from Exhibits 3(i) (iii) to Form 10-SB filed with the Securities and
Exchange Commission on November 25, 1997 (File No. 000-23425)). |
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3.2
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Amended Bylaws of the Company (incorporated by reference from Exhibit 3(iv) to
Form 10-SB filed with the Securities and Exchange Commission on November 25, 1997 (File
No. 000-23425)). |
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31.1
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Certification of Principal Executive Officer pursuant to Rules 13a-14 and
15d-14 of the Securities Exchange Act of 1934, as amended, filed herewith. |
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31.2
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Certification of Chief Financial Officer pursuant to Rules 13a-14 and 15d-14 of
the Securities Exchange Act of 1934, as amended, filed herewith. |
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32.1
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|
Certification of Principal Executive Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed
herewith. |
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32.2
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Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith. |
13
SIGNATURES
In accordance with the requirements of the Exchange Act, the Company caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
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BURZYNSKI RESEARCH INSTITUTE, INC.
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By: |
/s/ Dudley R. Anderson
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Dudley R. Anderson |
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Chief Financial Officer |
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Date: January 17, 2006 |
14
EXHIBIT INDEX
|
|
|
Exhibit |
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Description of Exhibit |
3.1
|
|
Certificate of Incorporation of the Company, as amended (incorporated by
reference from Exhibits 3(i) - (iii) to Form 10-SB filed with the Securities and
Exchange Commission on November 25, 1997 (File No. 000-23425)). |
|
|
|
3.2
|
|
Amended Bylaws of the Company (incorporated by reference from Exhibit 3(iv) to
Form 10-SB filed with the Securities and Exchange Commission on November 25, 1997 (File
No. 000-23425)). |
|
|
|
31.1
|
|
Certification of Principal Executive Officer pursuant to Rules 13a-14 and
15d-14 of the Securities Exchange Act of 1934, as amended, filed herewith. |
|
|
|
31.2
|
|
Certification of Chief Financial Officer pursuant to Rules 13a-14 and 15d-14 of
the Securities Exchange Act of 1934, as amended, filed herewith. |
|
|
|
32.1
|
|
Certification of Principal Executive Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed
herewith. |
|
|
|
32.2
|
|
Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith. |