10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001000096-14-000056`
Period End Date	20140331
Filing Date	20140502
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	axdx-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 46

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.07M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.26M	USD	Point-in-time
Investments	`AccruedInvestmentIncomeReceivable`	$12.42M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	41.47M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	41.90M	shares	Point-in-time
Investments	`AccruedInvestmentIncomeReceivable`	$11.96M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	41.47M	shares	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$40.00K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	41.90M	shares	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$24.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$969.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$130.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$42.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.57M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.05M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$241.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$222.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	$43.43M	USD	Point-in-time
Total Assets	`Assets`	$41.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$718.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$540.00K	USD	Point-in-time
Accrued compensation and other liabilities	`EmployeeRelatedLiabilitiesCurrent`	$768.00K	USD	Point-in-time
Accrued compensation and other liabilities	`EmployeeRelatedLiabilitiesCurrent`	$515.00K	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$78.00K	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$82.00K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligations`	$143.00K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligations`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$777.00K	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$777.00K	USD	Point-in-time
Long-term capital lease obligation	`LongTermDebtAndCapitalLeaseObligations`	-	USD	Point-in-time
Long-term capital lease obligation	`LongTermDebtAndCapitalLeaseObligations`	$124.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.61M	USD	Point-in-time
Common stock, $0.001 par value; 55,000,000 shares authorized (as of March 31, 2014) 41,904,521 (as of March 31, 2014) and 41,649,521 (as of December 31, 2013) shares issued and outstanding	`CommonStockNoParValue`	$42.00	USD	Point-in-time
Common stock, $0.001 par value; 55,000,000 shares authorized (as of March 31, 2014) 41,904,521 (as of March 31, 2014) and 41,649,521 (as of December 31, 2013) shares issued and outstanding	`CommonStockNoParValue`	$42.00	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none outstanding as of March 31, 2014 and September 30, 2013	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none outstanding as of March 31, 2014 and September 30, 2013	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$78.43M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$75.94M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.48M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$22.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$26.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$41.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$38.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$43.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.42M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Licensing and royalty revenues	`LicensesRevenue`	$16.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$14.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$16.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.88M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.56M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$629.00K	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$36.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$134.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.57M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.76M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.75M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.55M	USD	1 Quarter
Interest and dividend income	`OtherNonoperatingIncome`	$1.00K	USD	1 Quarter
Interest and dividend income	`OtherNonoperatingIncome`	$18.00K	USD	1 Quarter
Total other income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.00K	USD	1 Quarter
Total other income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.00K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.55M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.73M	USD	1 Quarter
Benefit from income taxes	`IncomeLossFromContinuingOperations`	$527.00K	USD	1 Quarter
Benefit from income taxes	`IncomeLossFromContinuingOperations`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.55M	USD	1 Quarter
Basic and diluted net loss per share (not in thousands)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Basic and diluted net loss per share (not in thousands)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Weighted average shares outstanding (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	41,788.00	shares	1 Quarter
Weighted average shares outstanding (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	29,134.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.55M	USD	1 Quarter
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$4.00K	USD	1 Quarter
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.55M	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.55M	USD	1 Quarter
Depreciation	`Depreciation`	$36.00K	USD	1 Quarter
Depreciation	`Depreciation`	$134.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization of investment discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of investment discount	`AmortizationOfDebtDiscountPremium`	$58.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.76M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$437.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-29.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.00K	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-791.00K	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-76.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-270.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$125.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$244.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$166.00K	USD	1 Quarter
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$-4.00K	USD	1 Quarter
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$-8.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.67M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.27M	USD	1 Quarter
Purchases of equipment and capitalized patents	`PaymentsToAcquireProductiveAssets`	$424.00K	USD	1 Quarter
Purchases of equipment and capitalized patents	`PaymentsToAcquireProductiveAssets`	$675.00K	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-514.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-675.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-938.00K	USD	1 Quarter
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	$730.00K	USD	1 Quarter
Rights offering costs incurred	`ProceedsFromIssuanceOrSaleOfEquity`	$-6.00K	USD	1 Quarter
Rights offering costs incurred	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Issuance of common stock and warrants	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Issuance of common stock and warrants	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$20.14M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.14M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$724.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.89M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.19M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.07M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.26M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.07M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.26M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.