10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001000096-14-000121`
Period End Date	20140930
Filing Date	20141104
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	axdx-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 56

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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.45M	USD	Point-in-time
Investments	`BrokerDealerSecuritiesOwnedNotReadilyMarketableAtEstimatedFairValue`	$11.96M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	41.47M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	44.58M	shares	Point-in-time
Investments	`BrokerDealerSecuritiesOwnedNotReadilyMarketableAtEstimatedFairValue`	$14.08M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	41.47M	shares	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$89.00K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	44.58M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$677.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$130.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$72.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.14M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.27M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$241.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$185.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	$75.15M	USD	Point-in-time
Total Assets	`Assets`	$43.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$540.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$741.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$515.00K	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$82.00K	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$74.00K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligations`	-	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligations`	$146.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.06M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$777.00K	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$763.00K	USD	Point-in-time
Long-term capital lease obligation	`LongTermDebtAndCapitalLeaseObligations`	-	USD	Point-in-time
Long-term capital lease obligation	`LongTermDebtAndCapitalLeaseObligations`	$50.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.91M	USD	Point-in-time
Common stock, $0.001 par value; 55,000,000 shares authorized 44,583,092 (as of September 30, 2014) and 41,649,521 (as of December 31, 2013) shares issued and outstanding	`CommonStockOtherValueOutstanding`	$45.00K	USD	Point-in-time
Common stock, $0.001 par value; 55,000,000 shares authorized 44,583,092 (as of September 30, 2014) and 41,649,521 (as of December 31, 2013) shares issued and outstanding	`CommonStockOtherValueOutstanding`	$42.00K	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none outstanding as of September 30, 2014 and December 31, 2013	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none outstanding as of September 30, 2014 and December 31, 2013	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$128.87M	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`	$-56.65M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$22.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$11.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$72.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$41.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$43.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$75.15M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Licensing and royalty revenues	`LicensesRevenue`	$36.00K	USD	3 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$16.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$43.00K	USD	3 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$13.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$13.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$36.00K	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$16.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$43.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$14.07M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$7.00M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.65M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.95M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$2.62M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$2.92M	USD	3 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$8.12M	USD	3 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$1.05M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$56.00K	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$58.00K	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$251.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$536.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$191.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$84.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$10.16M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$8.84M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.81M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$22.78M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-22.74M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-8.83M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.12M	USD	3 Qtrs
Other expense	`OtherCostAndExpenseOperating`	$-5.00K	USD	3 Qtrs
Other expense	`OtherCostAndExpenseOperating`	$-2.00K	USD	1 Quarter
Other expense	`OtherCostAndExpenseOperating`	$-10.00K	USD	3 Qtrs
Other expense	`OtherCostAndExpenseOperating`	$-9.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$15.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$49.00K	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$13.00K	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$9.00K	USD	1 Quarter
Total other income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.00K	USD	3 Qtrs
Total other income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Total other income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.00K	USD	3 Qtrs
Total other income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.00K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.80M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-10.12M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-8.81M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-22.70M	USD	3 Qtrs
Benefit from income taxes	`IncomeLossFromContinuingOperations`	$527.00K	USD	3 Qtrs
Benefit from income taxes	`IncomeLossFromContinuingOperations`	-	USD	1 Quarter
Benefit from income taxes	`IncomeLossFromContinuingOperations`	-	USD	1 Quarter
Benefit from income taxes	`IncomeLossFromContinuingOperations`	-	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-8.81M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-22.17M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-3.80M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.12M	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	43,293.00	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44,583.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	36,083.00	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	39,876.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-8.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.12M	USD	3 Qtrs
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-11.00K	USD	3 Qtrs
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$10.00K	USD	3 Qtrs
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-17.00K	USD	1 Quarter
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$11.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.11M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-22.18M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.83M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.79M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.12M	USD	3 Qtrs
Depreciation	`Depreciation`	$191.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$536.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$56.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$58.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization of investment discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of investment discount	`AmortizationOfDebtDiscountPremium`	$229.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.61M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.33M	USD	3 Qtrs
Impairment of intangibles	`AssetImpairmentCharges`	$9.00K	USD	3 Qtrs
Impairment of intangibles	`AssetImpairmentCharges`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-65.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$658.00K	USD	3 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-547.00K	USD	3 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-99.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$528.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-293.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$125.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-549.00K	USD	3 Qtrs
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$-22.00K	USD	3 Qtrs
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$533.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.99M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.00M	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$1.36M	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$1.09M	USD	3 Qtrs
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-10.95M	USD	3 Qtrs
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-6.61M	USD	3 Qtrs
Sales of available-for sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	-	USD	3 Qtrs
Sales of available-for sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$246.00K	USD	3 Qtrs
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.01M	USD	3 Qtrs
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.04M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.72M	USD	3 Qtrs
Issuance of common stock and warrants	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$19.91M	USD	3 Qtrs
Issuance of common stock and warrants	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$44.88M	USD	3 Qtrs
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	$730.00K	USD	3 Qtrs
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	$20.51M	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$-71.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.42M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.53M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.82M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.38M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	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`	$33.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	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`	$33.45M	USD	Point-in-time

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